Bitcoin going down, BAKKT volume going up. No manipulation, surely not, no, nope, never...  Or is it just me?Even if it's manipulation, it can't go on forever, and then the game goes in the other direction, right into the parabola of 2020/21. Me still bearish until mid Q1/2020. For those who are taking too much dec-2019-ATH-hopium: sorry guys (n' girls). #HODL It's just you (and maybe Torque?).  Since BAKKT every significant dip in btc price correlates to volume rise in futures contracts. Does not smell fishy?  I would hate to attribute too much credit to claiming causal relations to some phenomenons that might be more corollary rather than causal, and really since BAKKT is BTC settled, there would seem to be less desire to use that mechanism to manipulate BTC prices, especially downward, even though there could be multiple mechanisms used to manipulate BTC prices in either direction, including CME and various exchanges, and in the end, sure I will concede that BTC manipulation requires a lot less capital than various other markets to manipulate. I don't rule out possibilities of some BTC price manipulation going on and being attempted, which seems to be kind of inevitable and a part of what goes on in relatively smaller markets, but some of these matters are just normal market movements within a relatively small markets, and seems problematic to attempt to attribute too much meaning to them or even to try to suggest that only a few players are ultimately causing BTC's price direction (which is kind of the implications of labelling some BTC price movements as "manipulated). Of course, neither the 42% increase in BTC price on October 25 nor the 3.5x price increase between April 1 and June 27 were feeling exactly organic, yet we might not want to consider those kinds of movements to be completely manipulated but they could have also been in response to some loss of control of down manipulators to have to allow for release of pressures or even loss of control of the amount of UP that ended up happening, so in that regard, we know that these kinds of attempts to move BTC prices in one direction or another above and beyond reasonable expectations is part of our nascent market territory, and sure I will concede again that it is manipulated to some degree, but likely NOT completely manipulated as is implied when making such accusations over relatively small price movements or even trends that are happening (like our current trend to experience a more than 3 week long correction from the excited over-exuberance that had taken place on October 25), because there is likely some fear that some manipulation attempts that go too far will cause a loss of control from those attempting to manipulate too, and the manipulators exist on both sides, so in that regards, one-sided manipulators will sometimes be in control and at other times the other side will be in control, but that still does not really suggest with any strength that the term "manipulation" is really appropriately capturing the free market nature of the battle that is going on between both whales and even how retail can contribute to BTC price direction that starts to move in one direction and cannot be stopped. In that regard, the alleged manipulators might have to change sides when the BTC price starts moving against them in order to attempt to recuperate their losses in the opposite direction of their original intended manipulation, so would those kinds of behaviors and dynamics be fairly characterized as manipulation or just reasonable and expected dynamics of a relatively small free market? |
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Who is this Epstein guy? Who everybody is talking about? Is it a real character??
You are kidding right? Right? Dammit, don’t pay attention.... that was @Micgoossens/17 of the team.... the last one joined and the dumbest, actually he still at the team to serve coffee but he was a bit out of his role... Sorry guys, will punish him shortly You're fired. |
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Bitcoin going down, BAKKT volume going up. No manipulation, surely not, no, nope, never... Or is it just me?Even if it's manipulation, it can't go on forever, and then the game goes in the other direction, right into the parabola of 2020/21. Me still bearish until mid Q1/2020. For those who are taking too much dec-2019-ATH-hopium: sorry guys (n' girls). #HODL It's just you (and maybe Torque?). |
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This dude has an exact opposite investment strategy to JJG, lol
I am not sure if the guy, Dan Conway, has a complete opposite approach as me, but surely he had a lot of seemingly compulsive issues that ended up paying off stupendously. It is true that he got in much later than me and out much quicker than me. He was largely a all or nothing kind of guy, and even seemed to have had employed a lot of leverage in the situation (even though he also did have a decent amount of capital that was available to him, at the time, too). I had heard his story in about late September when he was interviewed by Anthony Pompliano in Off the Chain podcast.It's not only an alt that was mentioned, but I think that Ethereum was his only investment. Of course there is a lot of relationship to bitcoin because ethereum would not have been able to pump as much as it did were it not for bitcoin, and also, even Conway was motivated by ethereum in part based on the pump and dump story that ethereum was then telling about being too late for bitcoin, and Conway bought into such narrative and was able to play such narrative in a pretty great way of buying at the bottom and selling at the top, even if he made several mistakes within that and he also did not exactly time the bottom and the top, but it was damned good enough for his valuing his wealth in dollars and getting in and out in a way that almost makes him look like a genius, even though he even seems to admit that there was a large amount of luck involved in the way that all of that played out for him. I honestly think that he is not done yet..and would probably lose almost all this money in his next "gambling adventure".
No schadenfreude.
He is at least part of the way there to recognize the psychological and compulsive issues that he was having, so if he is able to cure himself of such tendencies, then maybe this will end up being a happy ending. However, you are correct Biodom that there is a kind of personality disorder when people take such high levels of risk in their middle life time frame, and it does show that he has a pretty damned high penchant for taking BIG chances and leveraging, and we know how Martingale gambling tactics work out if guys (and gal) continue to play their life-circumstances like that. I wonder how many lose everything when prone to these urges.
Yep. Odds were surely against him, but he did seem to get pretty lucky, and surely that is some of the appeal of a lot of the altcoin projects (even bitcoin can be played like that, and not work out too well,,, ,even in a bull market people can really screw up when they leverage so much). I made a promise to myself to restrict my btc investment to a certain % of fiat and so far I was able to resist doing anything silly like this ^guy.
Sorry, LS, I am not all in "king". If I was, imagine going from 20K to 3K. It would have been bad for your health.
You gotta take Lambie's representation(s) with a BIG ass grain of salt, especially the way that he both brags about them and seems to attempt to play them in order to gain credibility. I think that ultimately a lot of us are going to come to differing conclusions regarding both how much we can allocate into bitcoin and also whether we should pull some out at certain strategic places in order to reallocate, but of course, bitcoin should be able to pay off quite tremendously, even if we do not engage in high leveraging strategies, and merely consistently put a decent stake into bitcoin, even 10% of our total income or some other amount that we deem to be reasonable over time. |
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this sucks
Yeah, I get online check price and then don't feel like posting.  Poor lil tinglie.  I feel bad for yous. Maybe the cupboard, with the mayor would be better?  |
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I have strong economical education background. The btc is in Financial world asset. Asset is property, gold, First rule : When the Bitcoin is strong then fiat is weak. When fiat inflation rate is high then real estate, gold silver and Bitcoin value is high. When Economy is Good then the fiat currency have high inflation rate... When markets are Booming stock market for example... Then fiat has high inflation. When currency has very low inflation rate then this is called economic recression. AT the economical down time the most of the money is eliminitated from circlelation... Less Money in circlelation will make money more sacred, world Economy works by alchemical fundamentals. The economic system works Simple way anyone just learn the basic rules... Just simple rules and you can make a lot profit!! Knowledge is power  There may be some straight-forward systems, like you mentioned, but historical patterns does not always establish future patterns, and surely at one point, there were thoughts that bitcoin did not matter at all, and now, more and more BIG players are getting into bitcoin, including sometimes replacing their historical gold investments with bitcoin - though it would be quite imprudent to write off gold completely, since there are already easy institutional mechanisms in place to get in and out of paper gold, and even cumbersome ways to get into physical gold, if anyone would want to burden themselves in that direction. So, yeah, there remain questions regarding the extent to which bitcoin is correlated to any of these historical asset classes, and/or the extent to which bitcoin's newness would appropriately be compared with historical asset classes including questions about whether bitcoin is in the midst of an exponential s-curve of adoption, then if so at what stage is bitcoin in such s-curve adoption and even if it will play out in a kind of gradual or steep curve. Of course, you can make money, but there are so many people who cannot be bothered attempting to figure out the relationships between various asset classes, and the extent to which historical patterns might play out with bitcoin in the scene, including some of the money that goes into related products such as ICOs, shitcoins and various uncertainties regarding how that might play out - as well as uncertainties regarding politics and like you mentioned whether interest rates go up or down and whether governments are going to be able to act as sloppily and irresponsibly as they have in the past with their money printing machinery... and whether bitcoin and other possible investments, including shitcoins, will let them get away with such practices to flood the market with their currencies that might end up devaluating, especially relative to something that is so potentially provably scarce, such as bitcoin. |
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Bitcoin can't even agree a block size modification without splitting into multiple parts. In fact BCH and BSV are bitcion. Your idea makes no sense. Sell, wait for 3200 and then buy bitcoins. In altcoins there is no sense at all, bitcoin will screw everything if necessary: masternodes and instantsend from DASH, side chains and DEX from Komodo, a large block from BSV, smart contracts from BCH, etc. Altcoins are only needed for testing new technologies
There is no need for unity. That was the great forkening of 2017. Old news, and the dumbass forkers lost, which largely demonstrated that no such blocksize modification was necessary, beyond what was achieved. Remember segwit? That ended up facilitating a decent amount of block size modification, amiNOTrite? [edited out]
 What LFC said. |
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Whats up Cryptotourist.
Can we have the old Lambie back now? Yep... it can be a bit strange that some of the down-caller wanna be sorcerers come in to this thread and amp up their BTC DOWN calling after there has already been a considerable correction, as if they were trying to get others to sell at the bottom, and surely they could end up being correct (but not high odds of such like they are trying to proclaim "inevitable down"), but they seem to be trying to get the BTC price to go down rather than really making any kind of meaningful accurate and/or objective BTC price prediction as they are trying to portray. And, part of the problem is that the BTC price may or may not go down further, but if anyone was going to sell some or all (never go full fiat), they should have done so before the then current correction location, which was already considerably down. In this case, we had an upsurge from $7,300 to $10,300, so if there is a lot of calling of down in the price range of $8,450, then there has already been a short term BTC price correction, from that spot of 18%, and if we are looking at the other more recent tops of $13,880 and $19,666 then we are seeing correction ranges of 40% and 67% respectively, which should cause inspiration to act upon or create BTC buying plans (even at the then current price) rather than any kind of thoughts about selling BTC or waiting to buy. Anyhow, TLDR, if they are effectives in their bullshit convincing of others to either sell BTC or wait to buy BTC at a lower price (that never comes), they are seemingly more likely to cause scared peeps to sell at the bottom or to fail to buy a sufficient amount of BTC rather than causing those same scared peeps to be able to buy BTC lower, as they fantasize about both not losing more value and trying to make some more BTC (which has decent chances of the opposite results). |
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What a wonderful conversation with Alexander Terentyev alias FUTURICO, the master doer of the "WEX scam" initiative - out of their group, after they "seized" the name of the previous original English chat! He's now collecting 100 USD from each member to get legal assistance in a criminal mass-complaint. Any attempts to explain him, that first no-one needs money to file a criminal complaint and second that it is useless to sue the Russian FSB are obviously useless: Cliff (16.11.19, 17:07 CET) So how are you planning to get the money from the FSB. I don’t imagine suing a government agency who was willing to steal our money from a private sector business that was holding it to be an effective strategy. FUTURICO (16.11.19, 17:09 CET) It's just some workers of FSB and malofeev, there is criminal case against them, That's all we need. Police have to suspect him, after it we will sue him of course, Police have database of wex, so they can prove any real balance. We made campain to collect funds from users for lawyers to make it happen. Who's not connected to criminal case won't be able recover. I don't what are you waiting, seriously. Sending strange link to bitcoin talk which is trash of any information about wex. Uwe Martens (16.11.19, 18:16 CET) Which link do you mean? The link I sent? In contrast to your initiative (and also BBC) I'm coming up with the real facts! In contrast to you I'm not collecting 100 USD from each member for organizing a recovery, I'm not spreading fear and half-truth, in contrast to your initiative I'm further not suggesting the victims, that all money has been stolen from the cold wallets - even if there are still more than 100 million USD available! I'm also not spreading hard accusations against people I've never met personally and especially without any proof! FUTURICO (16.11.19, 18:32 CET) You are out of process anyway, I don't even read this article with old crypto address with 10k btc Some people do a monkey job there, after one year we have criminal case with a lot of facts. You don't even get the server in your country, I don't think it's correct to compare us, I've read criminal case and I can connect people, you read bitcointalk, that explains everything. Good luck. Uwe Martens (16.11.19, 18:33 CET) What your initiative is doing is hard defamation of well known people, you have already been doing so with Dimity Vasiliev, with the result that the people were calling up on especially for this created websites to murder him - even if he got himself a victim of the situation! This is a real criminal case of cyber harassment! Now you are doing so with other involved people - and all I can assure is, that the agents of the FSB involved in that case are real agents, under them the same agent, who arrested Vinnik! So it should have a reason what they are doing! Probably the same reason as BTC-e got seized from the FBI! FUTURICO (16.11.19, 18:36 CET)  Uwe Martens (16.11.19, 18:40 CET) BTW: What would have been the sense, to seize a hardly encrypted database of the platform - while the cold wallets are under control of the admin, and the admin under control of the FSB... FUTURICO (16.11.19, 18:42 CET) Dude, police have dB with balances How many times should I say it? Uwe Martens (16.11.19, 18:43 CET) Yeah - one month before the closure of the platform, so useless! The database you have, is useless, as well as the criminal prosecution of whom ever! By the way - no-one needs money to file a criminal complaint! FUTURICO (16.11.19, 18:46 CET) Uwe Martens (16.11.19, 18:47 CET) The police and also Interpol and Europol are working without collecting 100 USD from the victims! FUTURICO (16.11.19, 18:47 CET) Europol is useless In Russia Uwe Martens (16.11.19, 18:48 CET) Year, it was just the server of WEX located in Bavaria... All we could get from the data center are the data of the client, who rented the root server. FUTURICO (16.11.19, 18:50 CET) Yep, you tried hard enough, but it's not important because dB is connected to crime case Uwe Martens (16.11.19, 18:53 CET) The 8 million USD you want to get for the members are peanuts compared with the hundred million of the WEX wallets! Konstantin Malofeev probably will pay it out of his piggy bank some day! If you stop with your cyber harassment and doing it diplomatically as I'm doing it! FUTURICO (16.11.19, 18:56 CET) >diplomatically what do u mean by that? europol? Uwe Martens (16.11.19, 19:00 CET) No, diplomatically with the WEX team! FUTURICO (16.11.19, 19:01 CET) omg admin is under witness protection program, he wont talk to anyone there is no wex team FUTURICO (16.11.19, 19:02 CET) only this guy, alexey biluchenko Uwe Martens (16.11.19, 19:03 CET) Even if I'm not a fan of "Mr. B" and his channel - at least he understood, what would be the correct way! It was your "merit", that the WEX platform got shutdown - after you organised mass complaints against the domain registrar! And after you have hit your target, you are collecting money from the members to help them! That's what your are doing! "Mr. B" made the failure to be disrespectful in front of me in the public group - now you did the same calling my very relevant informations as trash! So you made a mistake and you will learn from your mistake! FUTURICO (16.11.19, 19:07 CET) You don't have enough information about proccess, I can't explain you everything, because it's much time. Read bbc article https://www.bbc.com/russian/features-50420738There is transaltion on meduza Today I gonna article about malofeev son, who is owner of vladex (conquer project of wex). About money and our service, I don't know why it worries you that much, you can just forget about your money and live free of doubts 😁 Money is needed for professional lawyers, who will connect people and accompany criminal case to court. That's all my messages for today. Uwe Martens (16.11.19, 19:08 CET) I invite the members of the chat here again to join the group @wex_recovery, where you're getting objective information - and not such a hard manipulation as it is been done by the "WEX scam" initiative, what seems to be the scam itself! BTW: against whom you'll address your claims, you are collecting? Against Malofeev? He will laugh about it! FUTURICO (16.11.19, 19:10 CET) There is no active admin and you trying to make "griefing" here) well done  There was guy with same aim about year ago, was named K A, where is he?) against you!) I already laugh about it Uwe Martens (16.11.19, 19:13 CET) A civil mass suit against the WEX team? They are no longer responsible as the cold wallets are seized by the FSB or frozen by the admin. And as we know now the WEX "team" is just Konstantin Malofeev and Dmitry Khavchenko. You can sue the FSB now and collecting money for it from your members - good luck! I'm done with this chat here - bye! I agree that the collection of $100 or whatever to file a criminal case is likely a scam, but even from this conversation it remains a bit unclear who has admin privleges or private keys to WEX wallets? Is it Konstantin Malofeev, Dmitry Khavchenko, FSB or someone else? Seems like FSB might have database information with account holder names and balances, but that is not going to do much good without the private keys to the wallets. |
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2 years ago, I thought SegWit2x was the best path forward for Bitcoin. I‘ve since come to realize that it was extremely dangerous & irresponsible to push for a contentious hard fork w/o replay protection, esp. when there wasn’t consensus. Mea culpa! Bitcoin is the real Bitcoin. Source: https://twitter.com/bobbyclee/status/1195731426546597888I am not sure whether the contents of that tweet rises to the level of an admission against interest, or a fair and legit apology. Probably the latter is fine - even though his welcome back to bitcoin should be a kind of probationary period, and he had shown some of his true colors in attempting to act strong-handedly against consensus, and surely it is likely somewhat better to apologize than to never do it. |
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I have no home,
All right, I can put you up on a sofa for like 3 nights, but that's it. Good luck with that. Remember what happened to the last lodger.  |
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To my critics of late, JJG, Goose, V8s, and Severia, here is my Bullish test question for you. What percent of you net worth is invested in Bitcoin. If its under 90 than guess what, you are the bears, not me.  Failure to answer this question is an answer as far as Im concerned. No exaggerations on my part whatsoever, Ive always been simple and consistent in explaining my investment. You, not so much..... You are more consistent than me? Get real. You are way newer to the thread than me, and you came out ballers from the start. My exaggerations, to the extent that they exist, mostly deal with calling out exaggerators, because my style does not attempt to make any kind of meaningful BTC predictions, I just criticize others, such as yourself, for predicting with too much certainty, whether bearish or bullish. I also attempt to brainstorm about my trading style through sharing information about it, and those kinds of things. When I started out, yeah long before you were here unless you were under some other account, I was mostly engaged in buying and accumulating and posting about that. Even though I had selling in my theoretical model, I never really had many opportunities to sell any BTC until late 2015 - or at least in accordance with my emphasis on accumulating and establishing my position first. In any event, my system has not ever required any attempts to predict short term BTC price movements, even though there could be a little tweaking to it, here and there, if there are some feelings or inclinations that the BTC price has higher odds to move in one direction rather than another, but even if I might have some feelings or inclinations of short-term BTC price movements, I don't tend to change much of anything within my system, except maybe tweaking a tiny bit here or there.. changing some order increments or amounts by small percentages. So I don't know how you would identify inconsistencies in my approach or even my posting style, except maybe sometimes I might get in little battles, here and there with posters who want to battle about some nonsense that they are spouting out, such as what you have tendencies to do. Don't get me wrong, I do find some of your content to be entertaining, but frequently it is a bit much in the exaggeration arena (and certainty assertion arena) as I have already mentioned. JJG you didnt answer the question as I knew you would be too scared to do,
Don't be a dumbass. I have made various representation of my holdings in the past, and in this context, it is not really relevant, so no need to go down that distraction of a rabbit hole. Right now, you are trying to bring up your purported level of investment in order to cause greater credibility to yourself and your down predictions.... because supposedly you are predicting against your own interests, so supposedly if you predict against your own interests, then you have more credibility, but in this context, that is largely bullshit and irrelevant because we have hardly no way of verifying (to the extent that it even matters) that you are making accurate representations of your own holdings. I think that the topic of how much you are invested is more relevant to whether you might need to reallocate your risk, or even the balancing of your own personal position rather than your attempting to use such supposed information to bring credibility to yourself. even though you have asked more prying questions about coin count than anyone on this thread ever.
Who fucking cares? You are coming off as a dumbass. Like I just mentioned, if we are talking about allocation of risk and things like that, then the question of coin count (or percentages) would be more of a relevant topic for members here to sometimes have to go through those kinds of personal calculations regarding the extent to which they might be over or under invested into BTC, shitcoins or some other questions of balancing of their finances and psychological condition(s). Im not even asking for coin count, just percent of coin compared to net worth.
Not relevant in this context, even though I have shared ballparks of that in the past. I am not going to be egged into talking about irrelevant context merely so you can engage in a quasi-irrelevant dick measuring contest. Ill assume based on what you have said in the past that you arent even half net worth invested in the King.
You can assume whatever the fuck that you want about that currently quasi-irrelevant area, given the topic of certitude in BTC price prediction that we are currently attempting to discuss (absent your current attempts at distractions and credibility building/bashing attempts). So STFU you hypocritical permabear infidel Don't get emotional. Makes you look like a psycho.  Since you arent a true believer in the King
Oh gawd... You even believe your own nonsense? and choose to be heavily invested in alternate assets STFU when a true long term bull makes a short term bearish comment.  I choose to balance my own holdings in accordance with my perceptions of my overall circumstances, including but not limited to my: cashflow, other investments, risk tolerance, views about BTC as compared with other assets, timeline, available time to research and manage my strategies. Am I purposely being absurd by judging you on a Bull Purity test, of course, its to show you how absurd getting butthurt over a bearish comment is.
From my perspective, your being absurd merely shows how absurd that you are rather than showing my purported absurdity through your admitted absurdity. Do you see now how stupid and absurd these Bull Purity games are?
I see how absurd you are acting. You must be bored. Common bitcoin do something in order that Lambie can be more entertained and less absurd induced. 
I doubt it but others observing will understand Im sure.
I am sure that others completely understand how objectively correct and righteous you are. NOT |
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To my critics of late, JJG, Goose, V8s, and Severia, here is my Bullish test question for you. What percent of you net worth is invested in Bitcoin. If its under 90 than guess what, you are the bears, not me. Failure to answer this question is an answer as far as Im concerned. Stop trying to compare dick sizes. It is mostly irrelevant. You are trying to show your level of commitment. So fucking what? Going all in for the cause till you have nothing left to give is what makes you the most bullish. Sacrifice is what makes a true long term bull. The rest is just talk, cheerleading, and oftentimes hypocrisy.
Yeah, it is laudable that you are supposedly so committed to investing in BTC, but seems a bit too much too, if it is true. Im still expecting to deploy my last fiat and be 100 percent in Bitcoin
Such exaggerations, such wow. when I see some serious volume that says the bear run is over.
Good for you. You expect a large volume signal. Great. Many of us already asserted that such large volume signal is not a condition precedent for a BTC price reversal, as you are attempting to ascribe such necessity and to see such pattern where it does not exist, historically. maybe it will happen this time, but that would just be luck rather than necessary, as you are wanting to argue as if you were some kind of highly skilled (but really lame-ass) sorcerer. |
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I can't make you understand that hearsay is only bad when applied to court room trials.
Absolutely. Because it is not true. You accused a person of nefarious behavior without evidence of such. Kicking s person when they are down is playground bully behavior, and should be discouraged. Period. You and any of your bcash shill butties and/or bitcoin wannabes deserve as much kicking as possible - whether they are down or not. Kicking [a] person when they are down is playground bully behavior, and should be discouraged. Period.
Ok boomer. Moralising like a self-righteous prick, boring all and sundry half shitless with tedious little moans and passive-aggressively attempting to control peoples' behaviour 'should' similarly 'be discouraged'. Full fucking stop. What he said. |
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Good luck Mr Homer. We worry you know.
Jay. Regretted it even before finalising it. btw 0.012 is the figure, so your point though lengthily made, is even more valid.
Anyway he must wait otherwise he'll be distributing it to the workers or some vile thing.
1) Thanks for (seemingly reluctantly) accepting the validity of my point(s). 2) I agree that there may be preference to punish Hairy into delayed gratification for a variety of reasons, including possibly allowing time to possibly propagandize him into at least spending such winnings on objectively agreeable purposes, such as hookers, lambos and blow... which are amongst the least controversial ways to spend BTC winnings.  I’ll settle for ski lodges, Taycans and Burgundy...  |
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Trollgoossenseese = going to HODLsleep(s)
Night bro’s
FTFY |
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Bitcoin is mathematically designed to appreciate in value over the long term.
Thanks for admitting the artificial scarcity events known as "halvings" are no different from Ethereum "doubler" smart contracts aka a Ponzi scam. The only difference between the two is time span of the automated contract. One is on-demand, variable time units, the other is fixed time units. Anything dealing with artificial scarcity is always a Keynesian, confidence game scam, so both contracts are mechanically the same Ponzi executed in different ways. Admittedly ethereum is a copycat of bitcoin, and attempting to accomplish some of the same things as bitcoin in some differing ways, but so fucking what? Who cares besides distracted nutjobs like yourself? There are all kinds of shitcoin that wannabe bitcoin out there, and merely because they are attempting to both imitate bitcoin and to capture some of bitcoin's marketshare does not really attribute any meaningful contribution to them beyond bitcoin's initial solution to the Byzantine General's problem and therefore the various network effects that have built around bitcoin.. the shitcoins are side distractions, and you are taking the bait, you retard. I am thinking that maybe a new network effect should be added to cause 8 network effects, rather than 7, and we could call it the copycat network effect, which is essentially various copycats that inevitably build up around king daddy, which might mislead a bunch of dumbfucks, like roach, into believing that the copycats are actually worthy of being referred to as if they were some kind of separate entity from king daddy, while in the meantime king daddy will just pick and choose which portions of those copycat experiments to incorporate into it (if any value happens to be identified through some of their copying kitty attempts). |
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[edited out]
Nothing like a little JJG essay of anger and self righteousness to brighten the day. Full of pretentious judgement, warnings, false assumptions and mischaracterization. This typically happens before a big drop in price. Its a very bearish indicator short term. Nothing like a nonsensical reassertion of Lambie attempting to ascribe a pattern where none exists. I was probably writing desperate walls of texts right before BTC's price shot up in late March-ish from $4,200 to $13,880 (but you were not yet predicting down, until we got above $6k-ish.. you fucking goofball), and I was probably writing desperate walls of text of text on October 24/25th right before BTC prices shot up from $7,300 to $10,300 while you were propagating our supposed inevitable down before up. Quite the incomprehensibly inconsistent pattern that you have supposedly identified in your wishful wannabe sorcerer cosplay.  |
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Well, talking about the old timers.
Jesse Livermore said that once you start counting on the market to do something specific that would allow you to buy a new house, etc, like "it would go to 100K in 18 mo", it always bites you in the proverbial ass. In 2017 NOBODY expected 20K when it was still below 1K in march or april, yet it happened.
That's exactly what worries me the most: Having so much hope that Bitcoin will get over the previous ATH sometime in the next couple of years as if it were an almost SURE thing... really scares myself and makes me wonder if I am just being naive/delusional. Also, the amount of hodlers that have plans to sell a significant percentage of their stash during the next bull run seems (maybe I am wrong) to be way bigger than previous times (where there were much less expectations). That alone would require huge liquidity on the buy side just to sustain the price. Does not seem any different to me. In other words, there are always all kinds of folks saying how much that they are going to sell if the price reaches X *10 blah blah blah.. but when push comes to shove, the FOMO buys are likely going to be more than enough to outstrip the value your wealth in dollars sellers. So, I am not too worried about upwards sustainability, once it starts including that we are still so damned close to early adoption stages... which means plenty of new entrants including financial institutions and governments, etc... |
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