The good news: The bull is really on fire  The bad news: A real correction should come in soon, it is very unusual that after a 400% runup in 2,5 months every dip is bought up with big strength. I do not believe we will see ATH in July, thus i will be closing all my longs and prepare for a real big judas candle. Overall, a correction would be healthy now, though its bitcoin and we could see ATH by next month lol. Stops yes. Close no. Trying to pick the top in advance is a recipe to exit and FOMO back in. Let the market take you out of your position, not the other way around. |
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$150 spread between Bitmex and Bitstamp. Things getting loose yo.
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I gave up on Monero a long time ago sadly. I disagree with its tail emissions monetary policy.
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Looking good boys (and girl)  I have a workmate so stupid he bought at 13k, has been holding all this time and tell everybody he will sell as soon as price is back to what he payed. Everyday he curses me aloud for suggesting him to buy BTC back in 2017, and gets triggered when I ask him why selling for the same price after an year if the odds now are that he can make at least some profit. He became a BTC hater.
Yes! He just sold! Weak hand, didn't even wait for 13k!!! It’s ok he will rebuy at $80k |
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A longer view perspective  |
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We are now just a hair under our target price for the halvening...  |
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Oh Lordy this is nuts 12K by Tuesday confirmed
thank you very much, I will be coming out with my subscription newsletter shortly Well done man |
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But I thought we were supposed to be greedy when everyone is afraid and fearful when everyone is greedy. Or is that just something we tell ourselves in a bear market? Only rich people say those kinds of things, not normies like us,.... Oh wait.. I forgot, "we" (that could be the royal "we") are not only NOT normies, we are rich... NOT ONLY regular rich, but "we" are bordering upon "filthy rich" Since "we" are a new elite kind of gentlemen, sir, I forgot that it's nice to be the king.. .king of our own island.. and without regular worries.  Good morning WO's! Whoa, 12.000 observered during the night  Support at 11.5k which correlates with 50% fib. Nope, 11972 observed. We use Bitstamp in this thread. That is be call Koreck. You tell em, Arriemoller. “Everyone” is not greedy. Joe Public is still fearful from the 2018 crash. |
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You think having a botnet of real Bots is a bad idea?
Quite. But also very hard to see how the economic and business models will ever stack up. They are looking to recoup maintenance cost but I don't think they will unless something drastically changes. If they break even then they will be happy. But its added decentralized security for the network and LEA supporting Crypto so it's a Win Win in my book. How could they break even when they are competing against ASICs in data centers? ASIC resistant blockchains. No such thing. Insider only ASIC blockchains yes. Note the terminology employed. ASIC resistant. Not 'ASIC proof'. There currently exist blockchains upon which GPU mining is profitable. Fair enough |
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Evidently. Is everyone being a little blasé?
Is it all 'meh, wake me up when it's 20K'...?
I'm not blase. I'm just a bit... wut? I'm going to let it ride and be shocked by nothing. Yes the current rise has exceeded expectations. Some zen required. |
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You think having a botnet of real Bots is a bad idea?
Quite. But also very hard to see how the economic and business models will ever stack up. They are looking to recoup maintenance cost but I don't think they will unless something drastically changes. If they break even then they will be happy. But its added decentralized security for the network and LEA supporting Crypto so it's a Win Win in my book. How could they break even when they are competing against ASICs in data centers? ASIC resistant blockchains. No such thing. Insider only ASIC blockchains yes. |
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Lloyd’s completely shut my account down and wouldn’t give me an explanation even though it was obviously bitcoin related as I was cashing out at the time.
Santander are friendlier but I would definitely recommend getting a personal banker to explain what you are doing to. This will stop issues and questions later.
I've put £10 through Lloyds to Coinbase. Those bitches didn't make a squeak. From plenty of reading I get the impression Nationwide are the mellowest but their intermediary bank won't let them send or receive with any EU exchange. I think from a bank to an exchange there's usually no problem. At least I've never had an issue using banks in two different countries. It's the other way around that can sting you. Going from an exchange to a bank... I was selling directly to people and having multiple deposits into my account. The total was high but whether they would have noticed/cared/acted differently if it was fewer larger transactions I don’t know. I explained what it was, showed them I knew my tax implications but they just flat out refused to discuss it. “Computer says no” bullshit. This is different. If you are doing LBC, expect to get shut down. LBC is just too big an anti-money laundering risk. I don’t touch it. |
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Google Trends and data on wallet sizes. Very little retail interest so far - it's mainly big holders who have accumulated.
Even when BTC broke $10k we saw little mainstream media interest. In 2017 the BBC and just about every other major news site ran daily articles on crypto. Almost nothing this time. I guess they still feel burned by last time.
It's starting to change, but only just getting going now.
You don’t want retail interest at this part of the cycle. We should still be in accumulation phase. If we start to see meaningful distribution that would be concerning. |
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Ok, I’m going to sell 15% at $25,000. JJG, you’ll be happy to know I’ve perfected my plan now in theory.
Way too much way too early. 1% maybe at $100k. Maybe. I think we’ll see $100,000 per BTC in 2021 (mid to end of the year). It’d just be nice to take something off the table a bit earlier. I was a millionaire (GBP) in unrealised/unbanked BTC during the last bull run & I sold nothing. The drop to $3,000 was gut wrenching, I thought I’d ruined my life by selling nothing near the top. I’m not going to make that mistake again this time. I know everything points to us breaking 6 figures (USD) per coin on this cycle but I want some insurance against a potential crash. I’ll be selling 15% at or near $25,000. Don’t do it in one hit. Scale out. Sell 1.5% for every $1k rise from $20k to $30k. That way if it hits $23.5k and retraces you won’t hate yourself. Also if it hits $30k you won’t hate yourself. It also gives you time for fiat from selling at $20k to hit your bank account before you deposit Bitcoin for sale at $21k, meaning you reduce your exposure to exchange risk. Once the fiat hits your bank account, transfer the fiat to another account with a different bank. Personally I think $25k is too low a target but I can appreciate that some people may have a hell of a lot more than me invested in Bitcoin and need to recoup a fraction of their investment. Make sure you have a longer term plan for Bitcoin hitting $1 million in another 10 or 15 years. |
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Lol, I will sell all my Bitcoin if it reaches $20,000, then wait for months to buy it back around 40% below $20,000. This way will help me to enrich my Bitcoin and I will hold them for months till the halving or later to take profits. Ok, I’m going to sell 15% at $25,000. JJG, you’ll be happy to know I’ve perfected my plan now Are you actually retarded or just pretending ? |
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I love empty 2 GB blocks.  What people fail to realize is a paid subscription service that copies data hourly from an existing website ( http://OpenWeatherMap.org ) and pastes it into BSV blocks accounts for 98.4% of BSV transactions over the past 30 days Beautiful. That's worth the hundreds in disk space that I have to pay for to maintain my blockchain history. I love keeping track of the weather. they forked to a shitcoin version that removed spam protection .... and guess what? ... it's getting spammed to death. whoulda thunk eh? Nobody's standing up for BSV here so I'll fill in for them. Every transaction is legitimate. There's no such thing as a fake transaction. Every sperm is sacred Every sperm is great If a sperm is wasted, God gets quite irate |
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You think having a botnet of real Bots is a bad idea?
Quite. But also very hard to see how the economic and business models will ever stack up. They are looking to recoup maintenance cost but I don't think they will unless something drastically changes. If they break even then they will be happy. But its added decentralized security for the network and LEA supporting Crypto so it's a Win Win in my book. How could they break even when they are competing against ASICs in data centers? |
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