Golden rule is always negative under a weekly average, I'm always looking for reasonable definitions to price movements and thats my conclusion of some years.   Not forever but the current META as per OP, if we cannot even trade above a 8 day average or similar measure then the BTC price action is weak and subject to worsen.

We have attempted upwards and failed, another detail to consider is closing prices such as the daily bar.  Even if you arent watching on a daily time frame consider the price must close at that high or low to really register as valid with duration beyond just normal BTC volatility.

   So right this moment, pay attention this is when a daily bar finishes and a new starts and in a few mins Japan and rest of asia will trade this price and decide whether they concur and so it goes on but after a day every market has traded that price is mostly fair to say.

Second and last options for me and maybe only the last option should be in readable print.   I cannot summon the testicular fortitude right now to say positive aspirations are just about to be fulfilled.

 It seems either a possible breakdown or Im thinking mostly a test of the lows, in conjunction with a 200 day average its fair for this to happen and summer is a lull not a boom fairly often in my memory.

The reason not to go full emo about it and why the last option is underlined in red by default on the internal screens of anyone with some experience is the 200 day is rising, the gloom can also be a rainbow once it clears but we wont know till we do

I will paraphrase the better traders I know but the direction of the 200 day or any moving average is more important then the absolute transgression of that measure.  Moving averages are not support or resistance, its an indication of momentum I guess and its rising but also we are drawn towards the lows of many months to check for sellers remaining etc.

You could look at it the other way, he can win only once which leaves the 9 other places for the more random lucky winners even those who dont have many tickets.   I know its not likely but still thinking I'll be one of those guys winning with 91 tickets one day and I often have tens of thousands of lottery tickets so surely it'll have me on the cards one time.


The time out issue I saw but also it did load after that.  Any access issue has to be investigated to help ensure its not reoccurring.


I clicked play all on the spins but it stopped about half way through which I dont mind completely.  I got 3 extra GT from using up spins which is alright and even a golden ticket from just a singular spin just after.    I wont use them all up as price still threatens to move down a little more.  I'm not fearing a bigger move currently.

Not this year its taken too long imo but right this moment we struggle to beat the old ATH and thats more important for 2024 then the highest aspirations.   BTC building above 72k would make me confident that 100k will be beaten, its a round number not in any a limit.   Even with inflation at 2% and its been much higher, the idea of 100k becomes 2% closer in value terms for every year so its becoming more possible over time.


I do think it will take time to accumulate the momentum. Right now we should celeberate BTC breaking back about the weekly average and look for more confidence with consistency and alignment of all the moving averages.  Like the 50 day average now will have to be beaten, resume upwards.  In 2021 when I was trying to judge the fast action I noticed we never traded below the 50 day average, despite quite a bit of selling nobody wanted to let it go that cheap.  It had hype, BTC is more of a resting state for these months and most of this year it seems fair to say.

Hyperinflation is rare, its hundreds of percent inflation per month or similar.  What that obviously equates to is instability and the desire to hold anything at all besides that cash which is rapidly losing value.   Just normal inflation is bad enough but hyper is fairly rare occurrence apparently and usually leads quite quickly to that currency not being usable.

So Bitcoin as an answer I would be forced to say yes, under the rule its a valid alternative available to all so of course its going to be used.  I always want to argue BTC should keep trying to get as usable, safe and regular as it can be for this future demand from a main population.   Some people dont like technology at all, they dont want the hassle and so BTC does need to be more simplified for application to all not just those who would choose it or like learning new things etc.

The reason I mostly answer no to OP is stability, also unfamiliarity.   Theres a great many currencies across the world, some are massively backed with assets.   Theres alot of competition besides BTC and countries are most likely to take the currency of their largest trading partner is the logical answer imo.

Dont post multiple times in a row its considered a form of spamming even if you are attempting something else.  Update the same post and use formatting is a better idea to stay out of trouble.   Delete your repeat posts is my advice.

To post a picture you will have to give the link, new members cannot directly post a picture inline just the link.


Obama name popping back up isnt that surprising because of Biden being the former running mate but yea putting the wife down as a name to bet is not that logical imo.  However Hilary Clinton did run for the office and secure the nomination if not the election, so to some people it makes sense.

Just consider would that outcome result in a Democratic party win, it would not its far too wild an idea.  Its not going to happen as some wild swing in direction they take.  Harris is a choice possibly but again I would not opt for that bet especially.

Biden odds becoming better value is I guess good news if you dont mind that risk, I think they put him in despite the old age health factor.  I've seen it before, they did try to take down former presidents for being old also; the counter being the experience is vital and more important along with other factors.

  A president does not serve alone, its a whole administration and he isnt required to dig trenches just be of reasonable judgement.  So can he prove that much in the months before the election,  I think he probably can.

lol love the conveyor belt    Does the height of the price wall either side on Buddy Chart relate to positivity then.

   Price is acting a bit more positive now, challenging prices of 20th June and prior would be more convincing of that.  If we remain above 63k then any consistent build should result in a return to the higher range BTC prices.

Further out I think we are on the treadmill till the Autumn, just rehashing prices but that's a positive when its mostly about solidifying the 2024 gains.   I was worrying about prospects of a double top on weekly bars but that's more a shadow cast then an actual event just yet.

We dont have to mention the side benefits of gambling, in classic economics gambling is a major strut in the economy considered one form of industry that is recession proof.   The regularity of Gambling revenue is valuable in comparison to other sectors which retract harshly, taxation and business activity can seriously help a country suffering overall decline at that time.  

People like to label negatives but having discipline in spending applies across the whole consumer industry.  I know people who spend all of their wages on clothes they dont need, beer they dont need to drink or cigarettes that harm their health.  The universal rule to teach a population is always pay bills first then spend what you have left, theres no negatives in having people spending their spare money imo.

A decade ago I remember a site that was listing royalty shares and other ventures you could buy into issuance.   These were less regulated days I guess and that idea is considered not allowed in a large amount of countries so I dont know if its possible now in a formal way.

I bought some royalty shares, I sold some at a profit that covered my initial costs and I collected the regular royalty from the business.  Also its true the overall exchange I was 'invested' in went broke, they were trading on a fractional basis without disclosure which is a big no no.   I didnt lose money but also that 'trading listed' place I had some BTC was asking for one tenth of a BTC to withdraw funds, which is extortionate and I definitely never got back the change I had left there probably worth alot now.

So far as I know you cant do all that now not easily but anyone can start a blockchain hence thats the path people tend to take so far as I know.   Otherwise you would have the normal hassles of the conventional route, its all a grey area good luck navigating that

Yes it appears static to me also, I only have the spins I bought via RP and I should get some 'free' spins via holding tokens.  So its a general absence of the daily spins credited to accounts.

Since it applies to everyone I would not stress out too much, its as obvious a problem as it gets and no doubt someone already mentioned the same exact issue.   I would expect prior missing spins to be credited to what seems everybody who is missing them.

   I was just hoping though not really seriously hoping but half way expecting us to blip down in BTC price a bit so I use a few spins at seemingly higher rate then what I bought them, I can feel smart then though its penny trading tbh      [In fact the opposite just happened, BTC reaching prices of the 20th June its had some recovery then, spin pays a tiny bit less.]

 Even on thousands of spins its not a big deal I guess, my last doom scenario was price to explore the full 2024 range of prices; I remain bullish further out though.  Should I guess this lower price for July end price bet also ?   I'll give it a few days to observe the form.

I'll go out on a limb and say the recovery thus far is not strong enough.   It is reasonable to buy a dip at times if the price just takes a rest during a potential set of gains but so far thats not appearing to be the case.

You might want to take the high risk trade idea and buy with a stop loss if we lose the low of today for example.   However a quick look leads me to believe that would be cutting it too fine, you may need to say a buy now is ok if I risk losing the margin down to 62k .  That is still a relatively slim tricky path for BTC to take but possibly we fight our way upwards.

I presume there is further challenging BTC price action that puts BTC back into the orbit of the 200 day average or similar pricing.  Thats not too far off from here but if the idea is to  buy into a move upwards, you would have to watch BTC fall to 58k in that scenario ie. the dip might be bigger then imagined and reference larger time frames involving all of 2024 prices not just the immediate focus.

Seems a natural reaction to be jealous but I mostly hope the friend repaid the money they were given at least.  Surely its better to be cursed with a rich friend then a poor one, they can buy drinks and the trip home every time where as losing means you might walk.

Copying or learning in some way from their bets surely there is some valid path there though I would not bet much while learning by copying as its not ideal, I sympathise as I doubt it will be so easy.

   There is the classic example of just copying the numbers bet on a roulette wheel but its an illusion that anyone could know  perfectly.  I expect they are just managing risk in some way that helps them retain their winnings.

Dont let the money burn a hole in your pocket is one expression people have which I agree with.   Money has a way of spending itself if given a chance, well done on your progress but I would clear debts and repay any loan where possible to bank your success.

Doge is a meme coin and was only meant as a joke.  They had to rewrite it all because it was never that well made if I remember rightly the makers and mostly everyone else was surprised it did so well without really ever being that serious.    Communicated ideas that propagate can be powerful, after all its based on some linage to BTC and has  Satoshi to thank for its existence, even a bad relation to greatness is an asset.  

I dont think theres any great problem with the coin here either, its not really a meme but ironically would probably do better for some extra theme or logo etc.    Needs some fluffy animal association to brand its appeal but I dont think thats so likely to happen just it would probably help.  Its definitely a commercial type venture and has some purpose to its existence so its far away from just being purely silly.  Its not above criticism but is with some purpose even if its not enough for some to like it.

  When FUN was first announced I tried to go around and collect some from existing operations that used the token in special offers etc. but it was mostly too much hassle to be worth the bother for me personally.  That might be a valid view here also, if you barely use the site your involvement is mostly just speculative but I think its useful if you do use the site I cant see its flawed for those users its only a price label people complain about.  Usage supersedes pricing, in the last year it shows 6.5% loss which is not greatly bad or good.

*62995 Im reading June end price btw, mediocre movement  

Money is only the exchange for other things, that is the mistake we make in valuing money too much.  The overvaluation of money ironically will make you poor imo, especially in the current context which is the constant devaluation of holding that plain cash.      If you hold profitable business then you benefit most likely by giving money to your creditors while gaining value from the investment of value in the business, those who hold plain cash suffer the loss of value vs assets.

Even with Bitcoin I would say as much, if everyone held onto it and never used it then we have a zero sum game its only by circulation that it can be worth something.   Since paper money has become so political and misused via dropping standards and printing more to pay for government budgets its making BTC look perfect.  No money is perfect is how I'd like to look at it, I see money as a means to communicate.

Its not about losing money or winning, its the circulation of money between winners and losers.  Attribution of risk is not exclusive to gambling, its right across a broad spectrum of the finance industry.  

Insurance, finance, lending, investment are all about guessing the outcome of an unknown race usually in business but also natural circumstances and risk situations.  None of those businesses are described as negative yet some want to label gambling as all negative.
  Never gamble with money you cannot lose, beyond this simple rule you are free to play this game guilt free imo.

The main thing to note with Biden is this is not his first rodeo, this aint the first time people had their doubts. Its not the first time he fell off the horse, it might be the largest crowd observe the mistakes made but to those who watch carefully its not unexpected.

  We would be on a different timeline if they had just put forward in 2016 Biden to fight Trump not Clinton who is despised rightly or wrongly by many with consistent votes broadly across the country against her standing.

If those events has transpired differently Biden would have won against Trump as no doubt he could carry forward the very popular Obama administration votes.  In 2024 he would now be retiring, winding down his tenure he would not be in this same spotlight and most likely no concern would be expressed.



  Reagan also had a delayed nomination and vote into the White house and by the time he was leaving office he had some errors apparent from later diagnosed medical conditions; point being few noticed as he was already leaving by then.  Theres a biopic on Reagan coming onto TV just as USA goes to vote btw, as a Republican he clearly puts Trump to shame not sure that will matter.

Biden isnt standing down, not when its such a personal fight.  He would have to be put out by his own party, from what I've heard there is only one alternate choice in that matter and it would be the Vice President to take the job.  However I think Biden runs and wins still.

Yes and no because its how you frame that involvement and also the time frame of your participation in BTC markets.   If you hope to day trade BTC its extremely risky and hard to do without losses, BTC has high volatility and not good uncertainty day to day.

The surprising thing about BTC is its long term aspect and this will be mentioned by a few people involved over many years.   BTC does gain well long term but also with harsh pullbacks involved.    Your best chance of reducing risk is to be involved with BTC over a longer term time period, that involves your own perspective and ability to hold.  The worst thing to do is to borrow or use money you do not have spare, if you are forced to sell it might be at the worst time for the BTC pricing hence you will lose.

Silver is not undervalued, its just the market rate and considering there is a regular supply with reserves to meet demand its the right price.  In 2011 the price was already $50 and it collapsed from there because it had become overdeveloped in a speculative way not a usable case by genuine demand.   The problem with speculative demand is it able to reverse so easily to become supply.

The market can change along with actual usage altering.   We all anticipate silver becoming more of a monetary metal but its not here now.   The old saying was to buy a coin every year you work, it could take a decade or more for a situation to develop where these holdings are profitable when selling.  I'm bullish on the miners so long as they are diversified, able to meet their costs.  They cannot be too leveraged and reliant on dollar being cheap, if able to extract metal and sell it cheap enough to gain a margin of profit its a good sector.

I was looking for where can I put my deepest darkest outlook predictions and Iam really not seeing enough negative threads.  Contradictory as that is, not enough negative threads is bad for the price I figure.  So heres a gargoyle of a thread to state the worst.


I was just going to post the very obvious giant M formation we have on the price action now.  On weekly bars we spun around in circles so long we are in danger of hitting something and hurting ourselves, perhaps falling down.



https://www.investopedia.com/terms/d/doubletop.asp

Double top should not be called before completion which is below the middle of pattern but we are very close and its only useful as a heads up for future price action ahead of time.


As I remember it if we do complete this twin peaks storyline for BTC, it falls again by the depth of the M which is about 10k.    So if I say BTC is threatening to go back to early Jan peak pricing you get the idea, it might upset a few.  

I havent read this elsewhere but it seems possible should we continue down.  Its not a for certain thing just some TA.   Its M for murder, double top type action not unfamiliar to most surely.
*apologies to M.Faber