Bitcoin Forum

Economy => Speculation => Topic started by: RejectedBanana on April 11, 2018, 03:42:07 PM



Title: Mexican Standoff
Post by: RejectedBanana on April 11, 2018, 03:42:07 PM
https://i.imgur.com/QuHZtJl.gif

Analysts, institutions, and developers remain incredibly bullish.

Noob speculators, butt-hurt weak hands, and overextended taxpayers who dove head first into the kiddie pool are hemorrhaging bearishness.

OG HODLers won't sell but won't buy either.

Who will make the first move?

Soros: Bitcoin is a bubble, no wait...BTFD, yo:
George Soros Prepares to Trade Cryptocurrencies (https://www.bloomberg.com/news/articles/2018-04-06/george-soros-prepares-to-trade-cryptocurrencies-as-prices-plunge)

Rockefellers extend middle finger to Soros:
First Soros, Now Rockefellers Move into Cryptocurrency (https://news.bitcoin.com/first-soros-now-rockefellers-move-into-cryptocurrency/)

Futures markets hungry for MOAR:
Cboe urges U.S. regulators to move forward with bitcoin ETFs (https://www.reuters.com/article/us-cboe-etf-bitcoin/cboe-urges-u-s-regulators-to-move-forward-with-bitcoin-etfs-idUSKBN1H224L)

Japanese Firm paying salaries in crypto (+10% bonus):
Are Bitcoin Salaries the Future? This Japanese Internet Company Thinks So (http://fortune.com/2017/12/14/gmo-bitcoin-salaries-japan/)

Established, Regulated Online Brokerage buys exchange:
Japanese Cryptocurrency Exchange Coincheck Accepts Monex Takeover Bid (https://bitcoinmagazine.com/articles/japanese-cryptocurrency-exchange-coincheck-accepts-monex-takeover-bid/)

Mobile Payment Firm buys exchange:
Circle CEO Allaire on Bitcoin, Blockchain & the Bank of the Future (https://www.xconomy.com/boston/2018/04/10/circle-ceo-allaire-on-bitcoin-blockchain-the-bank-of-the-future/)

Twitter CEO: Bitcoin will be the world's sole currency:
Lightning Labs just raised millions from Jack Dorsey and others to supercharge blockchain transactions (https://techcrunch.com/2018/03/15/lightning-labs-just-raised-millions-from-jack-dorsey-and-others-to-supercharge-blockchain-transactions/)

Elizabeth Stark: It's about Bitcoin, Stupid:
Lightning Labs CEO: We are back to a 'bitcoin, not blockchain' world (https://finance.yahoo.com/news/lightning-labs-ceo-back-bitcoin-not-blockchain-world-180021768.html)

Fundstrat Analyst Tom Lee: BTFD:
The Bitcoin Misery Index, BMI, Is Flashing A Buy Signal (https://www.forbes.com/sites/chuckjones/2018/03/10/the-bitcoin-misery-index-bmi-is-flashing-a-buy-signal/#5435b02a6a22)

Analyst Ronnie Moas 2018 Target: $28,000
Ronnie Moas Thinks $300,000 Is a Realistic Bitcoin Price Target (https://themerkle.com/ronnie-moas-thinks-300000-is-a-realistic-bitcoin-price-target/)

Analyst Trace Mayer 2018 Target: $115,000
TRACE MAYER: BITCOIN MAY HIT ‘SIGNIFICANTLY OVERVALUED’ $115K IN 2018 (http://bitcoinist.com/trace-mayer-bitcoin-115k-2018/)

Analyst Max Keiser: Bitcoin to $100,000:
'Bitcoin is a gift from God to help humanity sort out mess it has made with its money' (https://www.rt.com/business/410252-bitcoin-god-gift-keiser/)

Web Bot Founder: New apps and fresh adopters to propel Bitcoin to $60,000 in 2018:
Clif High and John McAfee drop Bitcoin Price Predictions that may shock you (https://good-stockinvest.com/2018/02/17/clif-high-and-john-mcafee-drop-bitcoin-price-predictions-that-may-shock-you-webbot-bitcoin-monero/)

John McAfee: BTFD or I'll eat a dick!:
$1mn by 2020: John McAfee will still ‘eat his own d*ck’ if he’s wrong about Bitcoin (https://www.rt.com/news/411379-john-mcafee-bitcoin-prediction/)

Meanwhile, on Bitcointalk Speculation Forums:
fud Fud FUD Fud fud
DOOM doom doom doom DOOM DOOM DOOM
https://i.imgur.com/R0ZeBGT.gif

Bitcoin Price Action:
https://i.ytimg.com/vi/T5lBs19HJV4/hqdefault.jpg


Title: Re: Mexican Standoff
Post by: Toxic2040 on April 11, 2018, 03:47:35 PM
https://i.imgur.com/ZBoCeiy.gif


Title: Re: Mexican Standoff
Post by: Don Pedro Dinero on April 11, 2018, 03:53:25 PM
Nice article. Sorry that I can't give you any merits.

Smart investors buy good assets when everybody is selling, so I'm not surprised about that. They will sell when prices skyrocket again, when the masses will be buying.


Title: Re: Mexican Standoff
Post by: RejectedBanana on April 12, 2018, 12:24:35 PM
https://i.imgur.com/QuHZtJl.gif

Analysts, institutions, and developers remain incredibly bullish.

Noob speculators, butt-hurt weak hands, and overextended taxpayers who dove head first into the kiddie pool are hemorrhaging bearishness.

OG HODLers won't sell but won't buy either.

Who will make the first move?


Quote from: Game Theory
A Mexican Standoff is a three person gun duel. According to standard game theory, the first person to shoot is most likely to lose. The person they shoot at is also likely to lose. The third person has the best chance of winning.

Bulls shot first. Bears shooting back.

HODLers still standing.

Bitcoin. The drama never ends. ;D


Title: Re: Mexican Standoff
Post by: fabiorem on April 12, 2018, 12:37:07 PM
I'm a holder, but I will buy if we fall to at least 4k.

I'm not going to sell in any of these prices. Too cheap.


Title: Re: Mexican Standoff
Post by: botany on April 12, 2018, 01:29:50 PM
Quote from: Game Theory
A Mexican Standoff is a three person gun duel. According to standard game theory, the first person to shoot is most likely to lose. The person they shoot at is also likely to lose. The third person has the best chance of winning.

Bulls shot first. Bears shooting back.

HODLers still standing.

Bitcoin. The drama never ends. ;D

A Mexican standoff ends quickly when it lasts. This one seems to be a long drawn out affair. 
In the current situation, most of us are holders. :)


Title: Re: Mexican Standoff
Post by: tokeweed on April 12, 2018, 01:50:20 PM
George Soros and the Rockefellers?  Wtf?  If those people are confirmed getting in on the action then that's uber bullish news imo.

Where did all this Soros bs come from anyway...?  That has to be fake.  I mean if he really was getting in, we'd know when the price is at 50K USD or something so he could dump.  Lol.


Title: Re: Mexican Standoff
Post by: aso118 on April 12, 2018, 02:25:52 PM
George Soros and the Rockefellers?  Wtf?  If those people are confirmed getting in on the action then that's uber bullish news imo.

Where did all this Soros bs come from anyway...?  That has to be fake.  I mean if he really was getting in, we'd know when the price is at 50K USD or something so he could dump.  Lol.

Well, George Soros is going to buy bitcoins, he would not go in and do it all at once. Plus when they say they are going to 'trade' cryptocurrencies, it doesn't mean that they are going to go long. Soros especially has made a lot of money going short.  :)


Title: Re: Mexican Standoff
Post by: 1Referee on April 12, 2018, 02:34:29 PM
Well, George Soros is going to buy bitcoins, he would not go in and do it all at once.
I don't think he will start buying, especially if we think further; only dumb money buys the news. Soros has likely bought himself tons of crypto already, and perhaps even shorted the market from the top not that long ago. People on internet can make fun of him as much as they want, but he isn't stupid. He knows how to play this game, especially if he has been observing this market for years, which I am pretty sure of he has. ;)

Plus when they say they are going to 'trade' cryptocurrencies, it doesn't mean that they are going to go long. Soros especially has made a lot of money going short.  :)
Correct. However, going short is too late now, it would be a stupid and very gambling-like move. Going comfortably short should have been be done in December and January. There are different market phases, and each market phase requires a different approach. Him having made tons of money by going short doesn't mean he goes short on everything, especially not when it comes to crypto in current stage. It's adapting to the rapidly changing situation.