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This is the first Wednesday for many months to have a (small) pump instead of a big dump. RSI(14) crossed the 30% after dropping to 10.4% during the fall. A very good sign showing that the price will continue to recover.
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Hi Mic! You are once again provoking us in a good way to be bullish! My wild guess is 7411$. I have a gut feeling that we already hit the bottom. Every indicators shows it - RSA, volume, long/shorts., etc. And when the institutional investors come, the price will explode (lol this video cracks me up every time: https://twitter.com/i/status/1071801872636395520 - When I bought with my last salary 0.2 BTC it was as if I am shooting with a gun at a tank  ) |
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 Getting ready with some popcorns...  |
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Well, it has to stop somewhere. One year ago Jihan Wu started a similar campain (flippening they called it). Aided by Rojer Ver and Craig Wright they dumped hundreds of thousands bitcoins and bought bcash driving it up to 3.5k$ on most exchanges and 9.5K$ on Coinbase. The documentation of the failed IPO shows that only Bitmain bought around 2mil bcash! Now, Wu gets what he deserved! Although he has 2mil SV now, so he can dump it to get some money to save his business from bankruptcy. Now, CW thinks he is a genious to sell his bitcoins and buy his shit. In 1 year SV will be less than 10$, while bitcoin will recover. Not only the manipulators are out of ammo, but most of the whales dumped in fear their bitcoins. What the market needs now is a nice recovery to 6K and then slowly building up to 20K and beyond. It may take some months or a couple of years, but it will happen!
Gee, I didn't know I am a prophet Perfect timing  P.S. This is my 500th post! I will appreciate some merits for the anniversary   via Imgflip Meme GeneratorHey mate gave you my last one.... like your bullishness very much, very much appriciated.... Normal saved that last one for later this evening Wanted to send it out when i was Total wasted  Hey Guys CHEERS Thanks for the last merit, Mic! I appreciate it! You are always optimistic and I learn from you to be calm and enjoy my life! CHEERS to you and all other bulls here! |
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Well, it has to stop somewhere. One year ago Jihan Wu started a similar campain (flippening they called it). Aided by Rojer Ver and Craig Wright they dumped hundreds of thousands bitcoins and bought bcash driving it up to 3.5k$ on most exchanges and 9.5K$ on Coinbase. The documentation of the failed IPO shows that only Bitmain bought around 2mil bcash! Now, Wu gets what he deserved! Although he has 2mil SV now, so he can dump it to get some money to save his business from bankruptcy. Now, CW thinks he is a genious to sell his bitcoins and buy his shit. In 1 year SV will be less than 10$, while bitcoin will recover. Not only the manipulators are out of ammo, but most of the whales dumped in fear their bitcoins. What the market needs now is a nice recovery to 6K and then slowly building up to 20K and beyond. It may take some months or a couple of years, but it will happen!
Gee, I didn't know I am a prophet Perfect timing P.S. This is my 500th post! I will appreciate some merits for the anniversary |
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Well, it has to stop somewhere. One year ago Jihan Wu started a similar campain (flippening they called it). Aided by Rojer Ver and Craig Wright they dumped hundreds of thousands bitcoins and bought bcash driving it up to 3.5k$ on most exchanges and 9.5K$ on Coinbase. The documentation of the failed IPO shows that only Bitmain bought around 2mil bcash! Now, Wu gets what he deserved! Although he has 2mil SV now, so he can dump it to get some money to save his business from bankruptcy. Now, CW thinks he is a genious to sell his bitcoins and buy his shit. In 1 year SV will be less than 10$, while bitcoin will recover. Not only the manipulators are out of ammo, but most of the whales dumped in fear their bitcoins. What the market needs now is a nice recovery to 6K and then slowly building up to 20K and beyond. It may take some months or a couple of years, but it will happen!
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Oh FFS, how much lower? What’s the reason this time? Just woke up to yet another dump!
SV pump 38%. Coincidence? No! |
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I just bought some more with my salary. The SEPA transfer in Coinbase arrived in 1 day. Looking at Bitfinex I feel sorry for all those n00bs selling hundreds of bitcoins at this price. I understand that some will buy again if the bull run is resumed. But will they sleep well, knowing that during the night the price can go up 10-15% and never return? What are they hoping for? A drop to 3K? At Bitfinex there is 12.5K BTC support down to that price (1K added in the last few hours). Good luck with the dream that it can go to $1k! But even with this price it will take less than a year to reach 10K, possibly 20K after the halvening in 2020. The only question is not if we will go to the ATH again, but whether to take the risk and sell during a RSA peak and rebuy lower? (Provided that you are not happy with the stash you have.) IMO if you are happy, it's better to wait than to lose a portion of it due to a bad decision. From my personal experience as a "trader", I lost way more bitcoins than I gained. If only I hodled instead of trading, I could have had 10 times more.  |
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Leave everything aside, That's what i see when I look at this chart.  Now I want to sell half of my shit so bad but I probably won't. That's some good TA. I trade with such TA in mind. I'm like "what is the next move to make the graph beautiful?". Until now it has worked pretty well. And where in this "good" TA is the buy support? If you have 100K BTC support at certain price do you think your TA would work? This confirms my obseravations that the reason we are here are the n00b traders who only look at the charts and compare 2014 and 2018. The price may fall if there is no support and go up if there are enough buyers. It is as simple as that. |
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into mount HODLING for a sleep cause in BIG need for a good hodl-rest this night cross 5K and all is fine by me always a BULLiever in Micg. where is your 5k for btc noob? Your dreams about the price are ridiculous I see one big fresh n00b here and that's you! |
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@fintechfrank https://twitter.com/fintechfrank/status/1070405218230259712SEC Commissioner Hester Peirce on crypto ETF: "Don't hold your breath"
It could come tomorrow or in 20 years, she said.
"I do caution people to not live or die on when a crypto or bitcoin ETF gets approved."
"You all know that I am working on trying to convince my colleagues to have a bit more of an open mind when it comes to [crypto]."
"I am not as charming as some other people," she added.
Institutionalization will happen, she concluded.
Advice for crypto firms: "get good regulatory advice.. there are a lot of landmines...[and] we live in a society that has a lot of old securities laws...You could have the best intensions [sic]in the world and you could trip on something that you didn't mean to trip on."
Peirce said this during a fireside chat at a cryptocurrency conference in Washington D.C. I think my peepee just shrank a little.  |
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Some scared noobs and crafty whales selling in Dec. What a surprise Trolls trying to scare the hodlers with 1K talks. Bring it on baby! I regularly buy with 2/3 of my salary and I just initiated another transfer to an exchange. It had been this way the last years. The difference is that I buy a lot more precious bitcoins now |
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Thanks for the beer, Bob! Cheers!
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Still trying to figure out why this collapse. It was in a range of $6000 to $7000 for a while, I guess the resistance at $5800? But that's still a massive drop without any fundamental to explain it. At least last year each collapse was "explained" by some Chinese news or platform hacking, lately nothing notable happened  There are several reasons for that. 1. Whales possesing over 100K bitcoins are the main reason we are here now. One of them - the impostor Craig Wright posted a tweet that he doesn't care if Bitcoin will drop to 1000$ (I am not sure that this is his actual tweeter account, but anyway) and sold massively in order to pump his 'child' the bcash fork SV. 2. Several days after the support was broken, it was announced that bakkt will be postponed due to some remarks from CFTC regarding safety of warm and cold wallets. This smells to me like an insider info. 3. Most of the traders are ignorant to the potential of bitcoin. They can only watch diagrams. They compare the diagrams of 2018 and 2014 and act according to the similarities there. There are other reasons - market manipulation related to tether (some use this gap to trade with 2-3% profit), futures, miners hash war (bankruptcy of some mean more bitcoins for others), the refusal for ETF, etc. But bitcoin overcome many such periods. I am confident it will overcome this also. We just need more time to start doubling again. I expect the next bull run to start either with the approval of bakkt/ETF or 6-9 months before the next halvening. |
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We are very close to the capitulation point. Everyone is talking doom and death for the crypto. Whales are selling as if the price is 20K But this is a healthy process of fragmentation which will pave the way for the next bull run. I don't know how long we will wait for that, hopefully sooner rather than later. I don't believe in Christmas miracles but who knows, anything can happen. I know what SEC chairman said about ETF, but what if the staff suprisingly gives approval... or the commission votes for it... or bakkt starts and it offers actual buying of bitcoins? We need one good news to reverse the market. (Or like fake Satoshi CW put in prison for stealing 300K bitcoins from his friend ) Well, even if none of these things happen, f..ck it! I prefer to hold my saving in Bitcoin rather than in bank, where every bank empoyee can see and use my credit cards info and steal my money. Banks? No, thanks! |
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Show Posts
. Of course, if had a crystal ball I would have sold at 20K and rebuy at 3.4K$. But who can predict that some impostor would sell his bitcoins to pump at least on 3 occasions his shitcoin? I blame CW of course. A man who stole 300K bitcoins from his paralyzed friend and being currently sued for that. I hope he sold the last portion of his bitcoins. If so, we will go only upwards. If not, we may see another drop for the last time. Yesterday more than 70K bitcoins were traded on Bitfinex, while the support to 3.4K$ was about 5K bitcoins. The support to 3K$ went from 12.2 to 11K. I think CW will have to repeat 2-3 times the dump from yesterday to break that support. I don't believe he has enough bitcoins for that. 
