Not the case. At least not for short time frames like day trading. Commodities like Bitcoin (and gold) don't trade on a fundamental metric. They trade on perceived value. When the perceived value is rising to new all time highs it means sentiment is increasing. Most of the time, this means the all time high will feed into the sentiment, leading to a positive feedback loop.

More complicated analysis is required to determine where the post-ATH new top will be and when it will happen.

You don't take it away from people. You exchange goods and services.

In the typical case, you take on risk to invest in a productive product or service. Then you exchange - through intermediaries - that product or service for more money.

Do this well, and you have a $B.

"Bitcoin has no network effect. There is near zero cost for users to switch to a different coin."

The cost of switching is not relevant. It cost nothing to switch to Google+ either. Or Truth Social.

You don't seem to understand network effects very well.

True, in a better world the US recovers this as an American cultural artifact. Unironic "it belongs in a museum".

In this market, you could easily sell thousands of Bitcoin without dropping the price. Buyers are hungry. Just look at market depth charts. This isn't some complicated analysis you're failing at. It's basics of reading a chart. There's currently publicly 1800 Bitcoin depth to $117k. Meaning you could sell almost 2000 without dropping the price below $117k. And that's just the public orders we know about. Nothing's stopping HFT orders from coming in once the sale order is placed.

This guy fucks.

You're also seeing the Euro rising. Euro is the odd man out in the global markets. Check Yen, whose performance is closer to the international median.

True, but it still hasn't hit an all time high again.

On the other hand, Bitcoin IS at an all time high in almost every other currency in the world. The Euro is the outlier here.

Misleading. Euro has been gaining value as fast or faster than USD has been losing value.

Look at Yen or Won for a better comparison.

But I thought it was about to crash at $70k. And again at $100k. That's what the haters on Slashdot told me...

The Bitcoin chart must be wrong.

I'd easily settle for towing my 1/8 scale.

Jokes aside if you're stuck in apartments, and pretty much anyone under 50 is, then there isn't really any advantage to an electric car. You don't get the cost advantage or the convenience of not having to stop for gas. You just get a more expensive vehicle, especially after September.

I know the Cyber truck is useless for towing of any kind. To a laughable degree. Not sure how well the F-150 holds up. I know it can absolutely do the towing unlike the cybertruck but I don't know about range.

But honestly just to make things a little more interesting, I just don't want cars period. They're a terrible and unsustainable transportation system. If you actually forced people to pay all the externalized costs for their vehicles I think that public transportation would be a hell of a lot more popular.

Sure. The official document that asks the operators to change the buttons on this type of aircraft that I quoted is surely the work of some know-nothing Chicken Little and not an indication of a poorly considered feature.

We should always discard such documents and listen to the aviation "experts" on Slashdot. After all, they are not only great engineers, but also have a long history of polishing a pilot's armchair in their mom's basement.

I've been on ./ long enough to know this isn't going to cut it for the ICE loyalists because they drive 800 miles, uphill, in -200 F weather before driving 800 miles, uphill in 700 F weather to get home. EVs are clearly not up to the job! /s

You linked a 16 minute video with no comment. What's your point, what are you trying to direct us to, or what timestamp should we look at? You can't just dump 16 minutes of content in a discussion without giving context.

Theoretically possible anytime and anywhere, but in this specific instance, as the UnknowinFool (whose username checks out so poorly) demonstrated, it apparently is not the case.