I could have participated in the ETH ICO at 1 BTC = 2000 ETH. I could have as well, but I decided not to because I thought ETH was a scam with broken tech. Turned out I was right. But being right didn’t make me wealthy.
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Next poll:
What do you think about more:
*Sex
*Bitcoin
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Guys, I've decided to give my alter ego, r0ach, a vacation. I'll be posting with this account for a while.
Well I guess I can unignore JJG now
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It's only a matter of time. Big time money is flowing in, under the radar!Whether institutions were going to adopt crypto or not was an open question about 12 months ago. I think it's safe to say we now know the answer. We're seeing $200-400M a week in new crypto deposits come in from institutional customers. https://twitter.com/brian_armstrong/status/1162185049699057664 I would love this to be true but Brian Armstrong is completely full of shit As bad as novogratz? There are 1800 Bitcoins mined per day. 1800 x 7 x 10,000 = US$126 million per week in supply. That means for the Bitcoin price to stabilize around US$10k, global net inflows have to be around US$126 million in all categories, for both institutional and retail in every market around the world. There just isn’t room for US based institutional investors to spend US$200 - $400 million per week without significantly pushing up the price, unless whales are dumping. Whales aren’t stupid - they know the halvening is coming. And we know Bitmain’s pockets are empty. So Brian is probably exaggerating by a factor of ten. In fact, they may not have any institutional investment at all given their cowboy history of insider trading.
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It's only a matter of time. Big time money is flowing in, under the radar!Whether institutions were going to adopt crypto or not was an open question about 12 months ago. I think it's safe to say we now know the answer. We're seeing $200-400M a week in new crypto deposits come in from institutional customers. https://twitter.com/brian_armstrong/status/1162185049699057664 I would love this to be true but Brian Armstrong is completely full of shit
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If we can hold this level around $10,300 for two more hours, we should get a nice relief rally tomorrow
short or no wick on the green daily by then, i hope. If the dip was caused by that chinese scam, i'd see no real arguments against continued uptrend. The dip wasn’t caused by the Chinese scam. It’s the other way around. The charts were technically setting up for a nice dip. A bunch of traders opened short positions. Someone spun up a bullshit narrative to sell the story of the dip. Loomdart spread it around. Every good crash need a good story. We got a disappointingly small dip, which shows the strength of the market. The dip caused the FUD. Know the difference Funny you mention loomdart. I unfollowed him with prejudice just earlier today. Nothing last forever. Here’s Loomdart’s supposed short entry at $10,486. Dated August 16 so he’s a bit late to the party. Shame that. Would hate for him to be stopped out at $10,630.
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If the journalists are told to leave Hong Kong....
The challenge for the CCP is everyone is a journalist nowadays...
That is an illusion. There are a finite number of fiber optic trunklines and uplink radios out of the island. Nobody does HF radio any more, so no, civilians have the illusion of being connected when all they are connected to is a centralized system. Good point. Just shut down the cell towers.
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It is possible that Hong Kong will be the spark that tips over the Chinese Communist Party. Especially if the protests spread to Taiwan and Macau.
While that would be nice I fear it is wishful thinking in this case. Low probability, yes. But you can bet your bottom yuan that it is keeping the CCP leadership awake tonight. It makes them look weak, which is just not cricket if you are an authoritarian regime
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If we can hold this level around $10,300 for two more hours, we should get a nice relief rally tomorrow
short or no wick on the green daily by then, i hope. If the dip was caused by that chinese scam, i'd see no real arguments against continued uptrend. The dip wasn’t caused by the Chinese scam. It’s the other way around. The charts were technically setting up for a nice dip. A bunch of traders opened short positions. Someone spun up a bullshit narrative to sell the story of the dip. Loomdart spread it around. Every good crash need a good story. We got a disappointingly small dip, which shows the strength of the market. The dip caused the FUD. Know the difference
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How Close Is Hong Kong to a Second Tiananmen?
The Chinese Communist Party prefers violence to perceived weakness.
In late October 1956, students and workers massed in the Hungarian capital of Budapest to protest Soviet rule and demand the end of Moscow’s political domination. Largely leaderless at first, the protests were galvanized by increasingly aggressive police action to become a full-blown revolt against a government widely viewed as a Soviet puppet. By the end of the month, with a new rebel government in place, it seemed that Moscow might be willing to negotiate the withdrawal of Soviet troops—after all, then-First Secretary Nikita Khrushchev had denounced Joseph Stalin several months earlier.
This optimism was short-lived. At 4:15 a.m. on Nov. 4, Soviet tanks entered the city, leaving thousands of Hungarian citizens dead and eliciting widespread international condemnation, though no actual action. Yet the crackdown had succeeded in its immediate objective—forestalling Moscow’s loss of political control, at least until the collapse of the Soviet Union three and a half decades later.
The Chinese Communist Party (CCP) has a long memory, and it is increasingly obsessed with the fate of the Soviets. As usual, we don’t know what Xi Jinping and other leaders were discussing at the recently concluded yearly meeting in the seaside resort of Beidaihe—but it seems likely that the memory of 1956 loomed over discussion of unrest in Hong Kong, arguably the most significant political challenge outside its own ranks the CCP has faced since Xi assumed power in 2012.
Unfortunately for the protesters, Beijing’s calculus in 2019 is likely the same as Moscow’s nearly 70 years earlier: When backed into a corner, violence is preferable to perceived political weakness or territorial dissolution. Full article here: https://foreignpolicy.com/2019/08/14/how-close-is-hong-kong-to-a-second-tiananmen/
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If we can hold this level around $10,300 for two more hours, we should get a nice relief rally tomorrow
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If the journalists are told to leave Hong Kong....
The challenge for the CCP is everyone is a journalist nowadays...
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I really had no clue this shit had gotten so bad, i was under the impression china had a hands off policy on HK. Apparently thats bullshit and after alot of googling and watching youtube vids I still have no clue whats going on there. I thought HK was the Golden Goose, is china trying to kill it?
Seriously if anyone can explain wtf is going on or link something that doesn't take a day of research to wade through that will sum up what the deal is, post it please.
Hong Kong Activist Leader Calls For A Run On Chinese Banks TomorrowThe shit is hitting the fucking fan. That's what happening in HK. Tomorrow will be a good day. Here is a good article explaining the protests: https://www.theguardian.com/world/2019/aug/13/what-do-the-hong-kong-protesters-wantI remember the fall of the Soviet Union. It is possible that Hong Kong will be the spark that tips over the Chinese Communist Party. Especially if the protests spread to Taiwan and Macau.
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Ok understood. Hopefully Bitcoin can be your hedge
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Fair enough point, but I still would be hesitant to put all my eggs in one basket, no matter what my age. Of course, if you are real young and barely just living on your own (moving out of the parent house or even living with parents and in the early stages of building your wealth), then in those cases, you usually do start with just investing in one thing while you are building your portfolio, and then you might start to expand out with the passage of time. If you only have one investment because you are just starting to invest, then probably in those kinds of circumstances, you might start out with bitcoin... perhaps? Those are somewhat individually tailored decisions concerning how diversified any person needs to be in terms of cash flow and projected expenses, too. It also depends on your income. I'm not 20 but still at the start of my career, without a good diploma, so not a great salary. Most of my savings go towards my company's stock, as it's making a matching contribution, it's a safe bet I can't overlook. I was in the stock market but sold everything as it became scary, two years later it has basically not moved (French stock market), so I just lost some dividends, but got peace of mind. Overall I'm 30% company stock, 30% cash, 40% BTC, with BTC's share quite volatile obviously. At current prices I couldn't even buy 1BTC/year so not really worth it, better keep cash and buy when it's lower. I want to put the company stock and some/most of the cash towards a home with a small mortgage on top, after that I might put more money towards BTC, but not even sure, I'd like some land, maybe a bit of forest. You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, and yeah, I agree that we should not be making the bulk of our investment decisions and/or allocations based on such unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there, such as roach and like-thinking acolytes of similar dumbass mindsets)
In that case you also need physical gold, stashed at home. An ETF or whatever is useless. Stashing at home has its own downsides. Seriously consider selling part of your company stock for other stocks Right now, if your company goes under, you lose your job and your investment at the same time. For me, that risk is too concentrated.
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I still need to get my mom to sign the permission form
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So we are on pace to soon be testing the very low 9ks for the third time in a month.
I dont see any special reason why 9k will hold. I want to see some serious volume to convince me otherwise.
We can go to 7-8k and easily still consider ourselves to be in a very bullish scenario. We all remember how 2015 gave away big gains several times only to finish the year very strong.
Tons of support around 8k. If we make it that low and get some mega volume along with a green dildo then I think we set ourselves up nicely for a beautiful finish to 2019.
A huge volume spike would sure be nice. But remember, accumulation doesn’t show volume spikes.
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