The chart everyone loves to hate. You can bitch and moan but it does look like it’s converging somewhat.  |
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Meh may need to concede that point, even if the data is cherry picked
Japan tho is not rational. They do not have a functional bankruptcy system. Instead zombie companies stagger on forever.
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*incoherent ranting* Yes. About a year and a half ago, pretty much Hairy admitted that he was relying on fractal comparisons, and surely I have been vocally critical of such fractal comparison reliances, even though they have largely been playing out - with, of course, some upwards deviation with our 3.5x outburst from April 1 to end of June, and currently what appears to be a return to the mean of the fractal... So whatever the fuck lack of comparison seems to still be working out in a very comparable way. So, maybe there has never been such a system in the world, but who fucking cares? It still has worked out quite well in bitcoin for a lot of us BTC HODLers and accumulators to be continuing to become richie and to increase our richness through the fact that BTC prices continue to go up in the longer term.. just like the silly fucking ass fractal comparisons seem to suggest. Go figure? Now you roach, on the other hand, have had some mediocre gold price appreciation during this calendar year (which has gotten you all excited, and even a bit more cocky than usual), and maybe you should be taking advantage of that mediocre gold price appreciation and getting into a real future asset.. ie bitcoin? dumb ass. There is no TA comparison in legacy financial markets because there is no comparable asset in legacy financial markets. There is no financial instrument with fixed supply to be paid out over a century where the rate of supply halves every four years as regular as the Olympics. It is this regular drum beat that causes us to pound out the same patterns. Yes the drum beat will get weaker over time as inflation falls away, but it is strong now and will remain strong through this halvening and likely the next. I have spoken to investment bankers at Goldman Sachs and JP Morgan who do TA on Bitcoin and in their arrogance they have never heard of the halvening. So they can’t plan for it and they can’t front run it. Even among retail investors, most of whom are focused on chasing shitcoins, they have no understanding of how the entire market is run by the drum beat of Daddy Bitcoin. We sit in a privileged position because we live and breathe this every day. But don’t make the mistake of extrapolating our knowledge and experience to the broader market. I agree that we have halving knowledge, but here comes the test... If this time around halving and S/F extension to above 50 (closer to gold) would produce 55K-90K prices (conservatively), THEN our position was truly privileged. If not, then it is still mostly random fluctuation. I hope for the former and I am keenly aware of the latter. Most of you were probably not around the Internet bubble 1. In 1997-2000 it was simply great. No matter what you bought (out of major and even minor Internet stocks), you were doing great. Then came B2B Internet stocks and early biotechs (with no product) that inflated to tens of billions almost from the get go. Anyone investing in these stocks has seen only a tremendous bull. Then it all crashed (even AMZN -from $100 to $5). If you look at the charts of the Internet stocks during 1997-2000, they looked peachy and projected fundamentals (at least of AMZN, EBAy, etc) were even better than expected. Still everything crashed. Granted, those stocks did not have a 'halving engine' beneath them and maybe this would be a critical factor. However, litecoin (not bitcoin) has similar halving process, yet it crashed very badly AFTER undergoing halving recently (albeit it was rising toward halving). Maybe it does not count because it is a minor coin, but arguing that halving works only on one entity is presumptuous. TL;DR The upcoming halving would be a huge test of the 'halving engine' and S/F guideline idea. Fingers crossed. Gosh Biodom.  You have a tendency to be overly skeptical regarding the bullish case for bitcoin, and even the realistic case regarding what is really going on here, in bitcoinlandia. If I did not see you on a regular basis in this here thread (and tending to NOT spout any nonsense about shitcoins), I would speculate that you are susceptible to getting lured into some altcoin or some other nonsense.  LOL... i might get lured into selling a bit of btc and buying a beemer, but not into buying altcoins with btc proceeds. That would be stupid, all things considered. You can call me long term bullish. I was bearish when we went down hard from 13.8 and sold a little around there (12-13K interval) while predicting 8k, which you, incidentally, poo-pooed repeatedly. Who was right in that very instance? A rhetorical question. Now, my thesis is that 6-12 mo after halving planB's idea would be tested. It would either succeed or fail. As a scientist, I am used to the falsification of ideas as an essential method of finding the truth (strictly speaking, rather falsification of the hypothesis). At the moment, I am skeptical that he is right. Why? Because no other market behaves in a predictable fashion. However, the chance of planB success is non-zero and I root for him. My portfolio would be thankful as well. It is entirely predictable that the SP500 will be higher than it is today in 20 years time. All rational markets are predictable given a long enough time frame. Given, we can argue all day long whether Bitcoin is a rational market. |
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*incoherent ranting* Yes. About a year and a half ago, pretty much Hairy admitted that he was relying on fractal comparisons, and surely I have been vocally critical of such fractal comparison reliances, even though they have largely been playing out - with, of course, some upwards deviation with our 3.5x outburst from April 1 to end of June, and currently what appears to be a return to the mean of the fractal... So whatever the fuck lack of comparison seems to still be working out in a very comparable way. So, maybe there has never been such a system in the world, but who fucking cares? It still has worked out quite well in bitcoin for a lot of us BTC HODLers and accumulators to be continuing to become richie and to increase our richness through the fact that BTC prices continue to go up in the longer term.. just like the silly fucking ass fractal comparisons seem to suggest. Go figure? Now you roach, on the other hand, have had some mediocre gold price appreciation during this calendar year (which has gotten you all excited, and even a bit more cocky than usual), and maybe you should be taking advantage of that mediocre gold price appreciation and getting into a real future asset.. ie bitcoin? dumb ass. There is no TA comparison in legacy financial markets because there is no comparable asset in legacy financial markets. There is no financial instrument with fixed supply to be paid out over a century where the rate of supply halves every four years as regular as the Olympics. It is this regular drum beat that causes us to pound out the same patterns. Yes the drum beat will get weaker over time as inflation falls away, but it is strong now and will remain strong through this halvening and likely the next. I have spoken to investment bankers at Goldman Sachs and JP Morgan who do TA on Bitcoin and in their arrogance they have never heard of the halvening. So they can’t plan for it and they can’t front run it. Even among retail investors, most of whom are focused on chasing shitcoins, they have no understanding of how the entire market is run by the drum beat of Daddy Bitcoin. We sit in a privileged position because we live and breathe this every day. But don’t make the mistake of extrapolating our knowledge and experience to the broader market. |
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Financial masturbation at his best: Facebook Skeptics Now Have Derivatives to Bet on Libra Delays
CoinFLEX is offering physically-settled futures that will deliver Libra tokens if the so-called stablecoin is live by Dec. 30, 2020, or the settlement date. If Libra is not operational by then, investors will receive nothing and will have lost their initial investment.
You can bet on the successful launch of Libra Token by 2020. This is not a future, actually it is an option on a Libra Token with strike price equal to 0 and expiry on 31.12.20. This remind me on the futures on Segwit2x coins: these were massively important rejecting the fork, I doubt those future will have any significative impact on a centralised decision. I made a fuckload buying Segwit 2x futures at $1 when the market crashed after the fork failed and selling into the dead cat bounce around $60.... those were the days |
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Eh it’s not that bearish. It indicates we are capped around $12k into early 2020.
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Price to remain suppressed under current bear line until February or March 2020. Break out to $14k in May immediately preceding halvening.  |
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The word species doesn’t mean what you seem to think it means
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Neat ~100$ spike up. This smells like stop hunting on the way down. My short got just a tad bigger.
I realize we are talking pocket change here. But this is a high risk strategy in the October before halvening. Going short in a secular bull market pays poorly. |
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Everyone is capitulating at $8k
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It’s hard to take them seriously when they sound like they are 12 years old. |
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She could still hear Melara Hetherspoon insisting that if they never spoke about the prophecies, they would not come true. She was not so silent in the well, though.
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Rule number 1 don't quote the racist  Rule number whatever; Do quote the racist so that they can never deny what they said. Quoting the racist = in the well Don’t freedom of speech us we aren’t interested |
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According to the 2015 fractal, we could run sideways from here to May 2020. It would be a bit boring but I wouldn’t consider it disastrous.  |
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The charts may look like shit right now. But if we can hold above $8060 to the close of the week, it will be our first green weekly candle after 3 red candles.  |
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The current price of electricity in South Australia is negative $850 per megawatt hour. This means for every kilowatt hour of electricity you consume, the power companies will pay you 85 cents at the spot price because they are so desperate to unload electricity from the grid. Coal and nuclear power plants will never survive in these new market conditions because they cannot ramp up and down. Coal plants take days to ramp down, and as we learned from the Chernobyl series, nuclear plants get xenon poisoning and other bad things if they are run too low.  |
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