Charts notwithstanding, what is it you're accounting for in the opinions it'll go back up and by how much?
Thanks.
who, me? I have accounted for bull and bear situation. why might it go back up? because we are near fresh highs and haven't had a substantial reaction yet. how is the chart 'not withstanding' and how do you expect me to account for a $10 move that hasn't happened yet? |
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Bitfinex and stamp are coiling.  |
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I think this thread needs a train.
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 There are slightly better coordinates to use for that wedge. It's quite exact. if it hits 3280 before 3200 then that could be a bullish wedge forming. passing 3200 first would mean rejection short term. bearish. |
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Actually this is the one that I'm watching. You shouldn't use linear scale for bitcoin TA.
.....why not use both. the stamp wedge is flat as a pancake on linear scale. |
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Bitcoin to governments is like chicken pox to native Americans.
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 this is trending with exponential growth! |
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I would put it this way:
Only about $0.5 million of the daily bitcoins generation enters the market. Of that, the following are interested:
20 G20 countries
50 midsize countries
70 small countries
70 very small countries
500 billionaires
10,000 100-millionaires
1 million 10-millionaires
30 million millionaires
500 large corporations
500,000 midsize corporations
500 million Europeans with <1M net worth
300 million N. Americans -..-
300 million S. Americans -..-
200 million ex-Soviet -..-
1,700 million in Indian peninsula
1,600 million in China
1 billion in other parts of Asia
500 million more in Asia
1 million existing bitcoin investors thinking it is cheap
It is mathematically certain that everybody cannot get many bitcoins. The list above included so many entities that it is certain that some of them realize that acting before others is an advantage, like any one reading this has realized. Then they start to want the bitcoins, and as the daily interest exceeds $0.5 million, the price starts to rise.
I think Im going to save this and print it out and put it in a frame so that I can see it when I go to bed holding leveraged long Bitcoins  I thought there were only 12 million millionaires in the world, but I am very wrong. that must be in America alone. ... I heard there are 1500 billionaires in the world, net worth something like 30 trln...... so much money. |
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Not very detailed BUT I LIKE IT  fifth wave blow out FTW! I have slightly lower expectations. EDIT. btw, I dont think wave iii is over just yet. Looking for 540 at least. |
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I read that chart wrong the first time, deleted comment.
Really good chart, thanks. I hope to see all degrees of a primary wave kick off this new trend.
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Pff right now I have to keep on shortin the market .... Im doing a special deal on shorts right now. buy one, and get one free! |
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thats the strength of sentiment/EW trading/reading. separate yourself from the crowd and fuck it up a little bit for the corrupt bastards. they can only make me money if they scare the shit outta people. But im just providing liquidity.
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Our discussion was off topic. but it was still a discussion.
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 easy trip up to 550. nothing in the way. |
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Is this rally sustainable, and how long?
I wanna be friends with the guy who can answer that question. Yes, sustainable. Be my friend. BFFL! |
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Is this rally sustainable, and how long?
I wanna be friends with the guy who can answer that question. |
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welcome back, Chinitos!
en espanol es 'chincos' no? chinitos = diminutivo de chinos little chinese estan comprando todo!!! ... Ah claro. los pequenos chinitos jaja. |
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watch the magic, as resistance turns to support. bears best friend now = bears worst enemy.
CHOO CHOO!
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welcome back, Chinitos!
en espanol es 'chincos' no? |
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goodness! if US citizens didnt pay taxes, the government couldnt make military aircraft, helicopters, war ships, thousands of nukes, pay troups, feed troups, fund private military organisations, and worst of all, they couldn't go bomb a bunch of countries.
BitchicksHusband is no scumbag, his taxes are not going to a good cause. If I understand correctly, it's not going to Obama care.... LOL.
you know, a mexican drug lord that was arrested was found to have So many billions of US dollars in his mansion that he could pay for the healthcare of all US citizens for 2 years.
This bullshit that we all need to pay our 15% taxes is bullshit. what we need is a government that has power to take money from the multinational corporations, and spend that money efficiently.
omg really? really? How does someone having piles of cash in their house have ANYTHING to do with paying taxes as it is written in the current law? I didn't know healthcare made us bitcoiners pay taxes... Do our BTC miners run lab test results or something I didn't know about? oh I know they actually calculate the tax each us US citizen is supposed to pay if there isn't a drug lord with a ton of money in his house... makes sense! Wait I am actually confused. So let me get this straight... the US Government should get the power to take tax money? ummm they already do, you are complaining about it right now. Another thing I love, apparently the government wastes money on stuff you personally do not agree with or like... well we all know every other US Citizen agrees with you. I mean who wouldn't want Al Pacino to "say hello" to your medical bill? I do it makes so much sense! Give more money to the DEA to seize dollars from someone in a different country who got it because its makes more sense to get it that way then to just make it legal and collect taxes on the sales. This way is better cause no taxes are involved just drug cartels. no.... the US only have power to take money from the weak. cos they are governed by the multi national corporations. well actually, they are just pals... but hey. why do you put up with that? and why are you paying for bombs and SHIT health care? The US need to catch the criminals that matter, they pick on little guys when there is a drug lord in mexico who could pay for health care for two years for the whole of America? I will avoid paying taxes to any extent, and maybe you can ask Al Pacino nicely when the government raises taxes to 50% (as a good tax paying citizen ) for a tip! |
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