It's always comforting to know that this market can panic sell 8-10% just by someone moving some coins around.  Btw, this is bullish.  |
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Plus the CNN narrative and choir are not going to very warm towards bitcoin. We might as well get used to hearing that it is white supremacy, toxic male, environmental disaster tulips. I will eat my shoe if they present it a different way.
Well, how do we get ourselves out there as more accurate sources of information. I understand that in the "penny paper" dot.com information economy what sells is salacious crap as opposed to facts, but we should be trying for just a BIT more accuracy. Maybe we need someone as an interesting spokesman. Maybe a flaming gay rich bitcoin dude building Rancho Apocalypse II to catch peoples' attention but then saying basic facts and truths about what bitcoin is, how it works, etc? Or someone driving around the country buck naked in a top notch Lambo at 55mph. That would probably garner some attention, bring the click shit to CNN and allow a more rational discussion. Hm.... ... or a mature musician with properties in Mexico shopping for a private lake in his native Canada? ...or Elwar's story...  |
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Not if you include the completely ridiculous premium on gold rn. And good luck even finding a kilo of gold in stock, anywhere. Another reason that Bitcoin will beat PMs: bitcoin is available to be purchased (and sold) anytime, anywhere, 24/7/365. |
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"Deficits don't matter." "A college education is the only way to make it in this world." "401Ks are the key to building retirement wealth." "Rates going to zero, or even negative, are not a problem." "Stocks can only go up." "We can keep printing money forever, we own the printing press." "Universal Basic Income will solve all of our problems." "Bitcoin is a tool for criminals and drug dealers, a fraud, a scam, baby-brains squared...and it's going to zero."  |
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OT: Uh oh, not good news for ETH miners... Nvidia Redesigns Graphics Cards to Limit Their Use in Ethereum Mininghttps://finance.yahoo.com/news/nvidia-redesigns-graphics-cards-limit-153008702.html...but some potentially great news: The technology giant still plans to serve Ethereum miners, though. With the new Cryptocurrency Mining Processor (CMP), Nvidia is offering a professional mining-specific product that doesn’t “do graphics,” per the post, a move it first announced last month.
I'm sure those will cost an arm-and-a-leg though, and be scarcer than the 3080s. |
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ALL of the major companies, especially Fortune 50/100, will eventually have some Bitcoin on their balance sheets.
It's not a matter of if, only a matter of when.
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A few years late if you were worried about misleading people. But just in time for the real run to start...bullish. |
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$1,000,000,000,000 market cap!   |
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So instead of Bitcoin hitting an ATL on 2/19/21, no where near your call of ~$2400, it hits a historical ATH of ~$54K.
Great call, dumbass.
Got another one of your Nostradamus like predictions there, sgbett?
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Found this blast from the past on an old laptop.
This guy never bought back in after the bottom. Just proves that day traders will never win; just buy and hodl for the long term.
My current advice is "Buy, HODL for at least 3 years 10 months"... Or to make it easier, just say "don't touch it for 4 or 5 years." I would say at least one, if not two halving cycles. You can't lose if you hodl through two. Of course "forever" is the best.  |
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Found this blast from the past on an old laptop. This guy never bought back in after the bottom. Just proves that day traders will never win; just buy and hodl for the long term. As it happens I never shorted at $520 and I never shorted at $430 either just as I amn't going to short now. Whether my $200 range call comes good anytime soon I don't know, but Bitcoin testing $360 is looking very very likely. Infact, I would go as far as to say that it is already written on the wall
I am not saying sub $300 this weekend. I am saying next significant support level is $260. Sooner or later, Bitcoin is going to have to test the upper resistance or the lower support. It seems pretty obvious to me which is the more likely of the two scenarios to play out.
I will take a much longer break from Bitcoin than 6 months. I have been against Bitcoin philosophically for some time but was addicted to trading it cos I was winning. Now that I am losing, I have no further interest in it. I will be back here to indulge in some empty gloating when Bitcoin hits $200 range like I said it would....and it will.
Sorry Ibian old bean, but $200 range it will be. Bitcoin takes these near vertical counter trend price spikes, rises 40% within a few days and then we find time and time again that there is no demand for Bitcoin at these levels cos the only real demand for Bitcoin is speculative demand. If people can't make money from it then they don't buy it and start selling it.
My advice to n00bs coming to Bitcoin now is don't buy Bitcoin right now. 1 day MACD is about to cross to the downside and with the manipulated short squeezing pump up to $540 aside, there is absolutely not enough interest in Bitcoin at these prices, to sustain these prices. Bitcoin is going to $200 range. I would recommend an upper $200 buy-in order and even if Bitcoin drops a whole lot further than this, there will always be an opportunity for the n00b investor to break even if he enters at a $260-$300 range. Buy-in now at $450 and by the end of next week, you may never see the $450 Bitcoin again for a very long time. Perhaps such a long time that your tolerance for loss will break and you will cash out taking a substantial hair cut.
I would certainly look to buy in sub $300 territory with a belief that a strong reversal must surely be on the cards should Bitcoin touch into the $200 range. Failing that, whenever I see an opportunity for a bit of upside and I feel comfortable enough being long Bitcoin. I was long Bitcoin just a couple of days ago, but didn't feel comfortable with it so cashed right back out.
You are last person that I would take Bitcoin call from. I just want to let you know that.
And I never said $200, I said $200 range. If Bitcoin hits $299, then I am right.
I am bearish on Bitcoin because it has been going down overall and will continue to do so. With that said, I shall never short Bitcoin again as I have discovered that engaging in this activity opens a whole psychological can of worms that I am not good at dealing with. By the same token, I shall never use leverage in Bitcoin ever again. The next time I shall buy Bitcoins is when we are back down at the lower range of the trendline. Next stop mid $200 range.
Once $380 support fails, then this will instigate a massive psychological change in the market, turning formerly strong hands to weak hands. Then the Bitcoin market will get to know all about despair. I said before, I reckon the $200 range lies ahead in the not too distant future. Quote me for truth if you like.
I have (practically) no market position that is affecting my emotional state. I say Bitcoin is going back to $200 range. If I am proven wrong than I shall be ready to jump back on if/when Bitcoin takes out and holds above important resistances (first being $480-$490), but will of course drop the lot the minute things start to look a bit shaky, as for me, my better instincts tell me that the writing is on the wall for Bitcoin.
In fact, I can't and won't give you credit for being "right" unless we see 250. That's your call. So until then, why don't you go do something else or stop beating your chest for things most other people know too.
$250 wasn't my call!
$200 Range is my call! Maybe not tomorrow, nor the day or week after that....But Bitcoin will grind painfully down over the course of time, interspersed with the odd 'spirit rekindling' counter trend rally of course. My sentiment couldn't be more apathetic right now, but when I put my mind or energies into anything, I generally find myself ahead of the trend. MatTheCat is calling $200 range Bitcoin! Before any further ATH can ever be seen, if indeed any ATHs are ever seen again. If this doesn't transpire, then everyone can quote this statement for truth to eternity whenever I rear my head on this forum. |
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There's also another type of analysis that includes logic and common sense, something the public sorely lacks. It's called "Occam's Razor".  |
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do you remember on this worldwide COVID-19 crisis in 2020 and onwards? there is a strong evidence from an research of an scientist of the University of Hamburg that the source is the Wuhan laboratory. +++ 17:31 Hamburg researchers: there are indications that coronavirus comes from the laboratory +++ The Hamburg nanoscientist Roland Wiesendanger compiled various findings from scientific studies, articles, reports in social media and other sources in the period from January to December of last year and comes to the conclusion: The pathogen Sars-CoV-2 is not of natural origin, but comes from a laboratory in Wuhan. The physicist cites the following points as evidence for these theories: - To date, no so-called intermediate host has been identified that proves according to the "zoonosis theory" that the coronaviruses were transmitted from bats to humans.
- A research group at the virological institute in the city of Wuhan has carried out genetic manipulations on coronaviruses for many years with the aim of making them more contagious, dangerous and deadly for humans.
- There were significant safety deficiencies in the virological institute in the city of Wuhan even before the outbreak of the coronavirus pandemic, which are documented.
- Against the background of these and other factors, Wiesendanger writes: "In summary, it can be said that there are very many indications that a laboratory accident at the 'Wuhan Institute of Virology' appears to be by far the most likely cause of the corona pandemic."
You can read more about this shortly on ntv.de. it took a whole year to collect all points for evidence: https://www.researchgate.net/publication/349302406_Studie_zum_Ursprung_der_Coronavirus-PandemiePeer reviewed, no? not yet. it's brand new and not all is translated to English. give the scientific community some time and that will be the bomb for something we cannot imagine yet i guess. EDIT: there was some evidence from other sources in the past too but I was cautious with my conclusion and confident the truth will come to the light sometimes in the future. You mean that it didn't just randomly emerge from the outdoor bat-soup stand in the wet market down the street from the lab, that's been operating for decades? What a shocker! /s
File this one into the trash bin marked "things that the masses will shove their heads in the sand and won't give a shit about investigating" |
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Briefly stated, the Gell-Mann Amnesia effect is as follows. You
open the newspaper to an article on some subject you know well.
In Murray's case, physics. In mine, show business. You read the
article and see the journalist has absolutely no understanding
of either the facts or the issues. Often, the article is so wrong
it actually presents the story backward -- reversing cause and
effect. I call these the "wet streets cause rain" stories. Paper's
full of them.
In any case, you read with exasperation or amusement the multiple
errors in a story, and then turn the page to national or
international affairs, and read as if the rest of the newspaper
was somehow more accurate about Palestine than the baloney you
just read. You turn the page, and forget what you know. Now if we could just all Average Joes to treat every article they read with suspicion first, then verify (or not), they'd get a lot smarter and more savvy. "Don't trust, verify." Gee, where have I heard that one before? |
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That's why my plans after taking profit near the peak of this cycle includes an autonomous photovoltaic power supply for the house., maybe coupled with wind energy.
What about a propane or diesel home generator? Wouldn't that be an easier/cheaper solution? |
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Wind_FURY - its patently obvious that CSW is Satoshi to anyone that has taken the time to find out for themselves. I am not confusing anyone, he is and he is proving it. NOT by signing a block (because then you would all suddenly decide that keys != proof of identity, which he has stated all along). Instead he is producing "a crazy amount of evidence" in court.
Would you have preferred "anyway it doesn't matter what satoshi thinks Bitcoin has moved on"? Actually, the Bitcoin community has moved on from caring about who Satoshi is, you're just too slow to see it. Bitcoin was an idea born from Satoshi; who he is (or they are) is no longer relevant to what Bitcoin has become today. The codebase has evolved over a decade by the hands of hundreds of devs, and will continue to evolve. It is open source for all to see and work on. No one person that works on it is special. Deal with it. It's only you small-minded idiots who still care about who Satoshi is and what that person(s) may think about the current state of Bitcoin at this point. Hence your infatuation with the total fraud named Craig Wright and his completely forked shitcoin.  |
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Wind_FURY - its patently obvious that CSW is Satoshi to anyone that has taken the time to find out for themselves. I am not confusing anyone, he is and he is proving it. NOT by signing a block (because then you would all suddenly decide that keys != proof of identity, which he has stated all along). Instead he is producing "a crazy amount of evidence" in court.
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