Bitcoin Forum
May 24, 2024, 07:02:02 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 [99] 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 ... 600 »
1961  Economy / Speculation / Re: I think Bottom is gone on: January 18, 2023, 11:59:14 PM
Use weekly bars to consider this idea also weigh up the volume that is traded in these last days vs the weight of previously traded BTC.    The weight is what really matters, price tag on any asset or product is an attempt by markets to motivate the most people to engage (in that exact moment).   We can have one person buy at 30k and it wont matter, that vote or trade done remains personal and so to with any lesser volume it reduces in importance vs larger amounts.    BTC is also quite unique in being traded every time zone separately, other markets try to centralize their price point far more then BTC manages.    So a day price is not enough, 1 week matters more but always time and volume tells us the real direction.
   The bottom price will take more then a month to really prove imo, when we moved in 2019 I never really believed that was going to stick though I should have traded it better for sure.   We will take more time then it appears at first, inertia lags and matters far more for genuine price change seems like.
1962  Economy / Speculation / Re: Bottom of the Bear Market...let's accumulate!! on: January 18, 2023, 11:54:36 PM
Buy on the lows is the ideal but over what time period do we consider those lows.   Today price is breaking the 2 day average which means we reset some but how far will it pullback before attempting higher again.  So long as we keep 20k I'll guess we do try for higher prices but overall I believe in multiple tests so accumulate would be in the depths of those tests to price action.
1963  Economy / Gambling / Re: Freebitco.in - FUN Token Investment Experiment on: January 18, 2023, 01:54:36 PM
Gambling would be most relevant reference for this investment as the token is most applicable to active users of a gambling website.   Not many blockchains could restrict themselves to merely users and anyone can hold but the largest benefit is given back as some kind of yield while using the website and with a hold of this token.   This website is so large it can get away with a site only yield rather then a normal dividend given to most asset types for any owner.
1964  Economy / Economics / Re: Could this be a ploy by Saudi Arabia to explore the crypto market ? on: January 17, 2023, 11:56:45 PM
Its an important change either way because middle eastern oil being traded in US dollars is quite a large part of its backing as a global reserve asset.    I dont know Saudi would trade crypto but even so a weakening of US dollar generally means alternatives are more readily accepted and used.    Its happened before in the 1980's the alteration to US dollar exchangeability to gold in the 70's meant by the 80's it was putting silver as consideration as a replacement standard.     If that possibility was at least considered briefly it could happen again that major countries are unsatisfied with Dollar performance long term.
1965  Economy / Speculation / Re: How was your belief formed? on: January 17, 2023, 09:55:58 PM
Ideally you dont bet it all on black, have a diverse strategy as we all know BTC is a volatile asset even while its frequently and repeatedly been high growth.  Pull-backs can be extreme, I wouldn't encourage anyone to rely purely on BTC as that could be a harsh burden under pull-back in the sector this can be years in its effect.  Obviously its best to avoid selling in the lows but people need cash so that too is a reason to stick with multiple asset types.
  Its not uncommon to mock people, I dont know anyone especially who would praise attempts to invest as most just think of pension or similar investment handled at arms length by professionals only.   That would exclude high growth and ideas of high risk speculation or investment.
1966  Economy / Gambling discussion / Re: How do you handle your losses on: January 16, 2023, 11:46:09 PM
Cant say no alcohol because where is the fun in that but be aware it can compromise judgement which is part of what makes the main number one rule quite essential and simple in its idea.  Number one rule is keep a daily budget for gambling and dont go past it, reduce your bet size if required to last however long you want to bet but dont exceed the total spend for want of chasing a streak or trying to recover losses.   Most simple and important rule and if you are drunk a little bit then its just part of the fun and you only lost that days bet budget.     Tomorrow is another day, luck can change but give it a chance and come back for next round another time is my best advice and experience. Smiley
1967  Economy / Gambling discussion / Re: Gambling addiction touched forum users in a very sad way... on: January 16, 2023, 11:30:52 PM
The fact that he always kept data he should not have is just a con artist.   This is not something I'd connect to gambling, its deception and fraud based theft.    Sometimes this occurs with other items that can be bought and sold, people who buy online game accounts sometimes get the 'owner' take it back some time later.    BTC and crypto generally has to find a way outside of relying on one person like this, if it can go wrong unfortunately some will make sure it does go wrong for victims motivated by their own personal profit.    Some people are fake like that, most people arent but there'll always be somebody who ruins any trust extended by a community sadly.
1968  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: January 16, 2023, 11:21:08 PM
Theres no need to be especially weary about receiving emails from this site, they dont overplay their hand and spam or anything close to it.   I think that was a lesson learnt by major firms a while back that less is more on the emails front so the idea of having to filter out adverts doesnt ring true for me, Ive not seen that excess.  Delete or dont subscribe to the daily email if you prefer.

20k on the BTC price seems important but I always expect levels to be tested wherever the line is drawn.   My general measure is weekly average, 50x 4hr that kind of thing, nothing exact but basically a week price is rough guide for me as to trending positively or not.
1969  Economy / Economics / Re: Saving one third what you earn monthly is not that hard, isn't it ? on: January 16, 2023, 10:42:00 PM
Its hard to live on far less in a totally disciplined way sure it is.  Also there is little encouragement to do so, we are living in a consumer society and many will look down on you for not keeping up with your colleagues or friends in their spending on various things.  You may be restricted in socializing by doing so, I'd say the majority will never do this or consider it a failure even.  The closest people get is when saving for a house I think, just temporary and then back to norm of full spend.
1970  Economy / Speculation / Re: BTC bulls back? on: January 16, 2023, 10:26:26 PM
Price is like an elastic band, for us to go  only in one direction should be unusual so what can happen is sharp rallies and yet the overall trend is not returned to positive.  We are still in a state where it remains unproved if BTC is exploring higher prices only to resolve downwards, this is quite possible and time plus volume must prove to us otherwise for certainty and confirmation.
   Lows of today are on 2 day average, to me we need to close this weekly bar positively just above 20k to me would be quite solid compared to all the prior rally attempts that fell apart at first test.   The test is the proof so its still to be decided imo.
1971  Economy / Gambling discussion / Re: Is It good For The Casinos And The Accusers If .. on: January 16, 2023, 10:04:38 PM
So long as there's some ongoing process that sorts through complaints its probably better then alot of operations.  Its really just the quality of how they deal with a query or problem that occurs that matters and speed also I guess.     There cant be any exclusion to discuss any casino because that would be unfair terms, everyone has the right to discuss openly issues they may have and really its a negative if any business at all is against its customers discussing usage of their site.  
  Most well run places want you to discuss them, a casino is a profitable business only requires people who regularly play and everyone should get what they want then.  Wont always win but thats clear enough and most here will recognize unreasonable complaints so whats to be afraid of.
1972  Economy / Speculation / Re: Countertrading Jim Cramer on Bitcoin on: January 16, 2023, 09:39:06 PM
Why is Jim Cramer anything to do with a prediction for crypto, he has almost no connection besides big money finance and mass market crowd appeal via his TV show.   Its quite fair to take his sentiment as contrarian to actual opportunity in BTC but I wouldn't purely base moves from that.  He represents the crowd and the crowd isnt always wrong, just often late and mistimed to moves.   I think we began 2023 bullish but it wont always be this way, play the peaks and buy the lows dont rely on hype to carry us it isnt strong enough.  This year will still both contain both extremes imo hence caution is fair.
1973  Economy / Gambling discussion / Re: betting against the Public, is this strategy working? on: January 16, 2023, 10:06:45 AM
MMA it might work because that sport is crazy wild with similar results possible to any reasonable contender.   Boxing some might become undefeatable but MMA it feels more possible for anyone to get lucky in the extremes, all depends on the odds of course but Im open to the idea.   Its best to know the sport you are betting on rather just guessing, I dont think that will work out for most people but in a subject you have regular experience on its well worth the idea.  
  The other advantage to underdog bets is the actual amount required in the bet is not as much, yes it can be more likely to lose but that doesnt make it worse value in ratio terms to a low odds bet but large amount required.   I get quite uncomfortable when odds are 10% or less, Im more of a spectator for those games/bets.
1974  Economy / Economics / Re: More Money Problems that Bitcoin Solves on: January 16, 2023, 05:56:09 AM
Inflation often is a part of fiscal budgeting because the greatest effect is to ease the burden of national debt at the cost of users of that currency.  The issuers of the currency are the first in line for any benefits from that new money and the further you are away from that source the more you are paying on the cost of lost value.  This is part of why 3rd world countries can so easily become poor, it takes alot to fight the tide of endless new money.
1975  Economy / Gambling discussion / Re: ESports betting -CS:GO, DOTA 2, LOL, Valorant - Sportsbet.io discussion thread on: January 16, 2023, 04:51:57 AM
2 matches of more interest today, Genk vs Eternal fire which I would expect to go to Xantares and friends however there is the question of 3 maps or 2 for that series.   Possibly combine that with a bet on Falcons vs Sinners and I think that one could go to 3 maps.  I think I will keep them seperate Im really not sure on the Falcons capability just yet
I think combine with Endpoint win is better choice and Mibr to win also
1976  Economy / Speculation / Re: Bitcoin hits 20,000$ again, what is the reason? on: January 15, 2023, 11:59:47 PM
Lighter DXY, everything priced in dollars moves with a lighter atmosphere to markets.   Dollar index has been on ski slope since peaking late September, there was an exceptional event both in Sterling and the YEN at the same time together with Europe facing war and an energy crisis for weaker EURO it meant Dollar at highest nominal values since the start of the century.
   I'd say the gradient since the peak has been in average quite consistent and linear in decline.   YTD in 2023 we've had some further data in that inflation has receded and this raises the hopes of a market for a lighter touch by the Federal reserve.    Crypto is quite different to dollar politics but when we discuss trillions and movements quite large, it displaces the movements of almost anything else I think.
1977  Economy / Economics / Re: How much longer until paper money is no longer in circulation? on: January 15, 2023, 11:43:40 PM
If paper includes coin based or elemental based currency then the answer is very likely never.   Just going on historic precedent, we've had alot of turmoil over five thousand years or so and yet we carry on exchanging value especially over distance based on compact high value rare type metals.  Whether we put the value into fixed coins or bars or promissory notes doesnt matter too much its the idea we exchange one for the other and always have done so.
1978  Economy / Speculation / Re: Will Btc get to $12k or $10k on: January 15, 2023, 10:14:41 PM
A general rule you can take is that the lows matter far more for prediction and accuracy then peaks and this is true on every time frame.   A pan that froths over may be found to be only half full, it shouldnt be a surprise that both conditions can be true.   BTC to me resembles a commodity market where sharp moves are normal and volatility is not an exceptional situation.   The problem with measuring low prices here is it will take time, confidence builds more slowly then speculative trading which spikes and then can lose half or more of its gains.   
  For 2023 its a revision year imo, we will revise all of the 2022 prices.  Dont expect too much more then that, my rough estimate back in April was 2019 peak prices for a future low and I didnt think that would happen just that it could and more or less we did something close to that.   BTC is doing fine imo long term its most important movements are year to year.
1979  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 14, 2023, 11:39:19 PM
OMG.. pink.

that's outrageous.

Funny thing is pink is tradition for finance, not sure why.    I much prefer it to a white background on a chart, it makes for a good contrast and its a naturally occurring color so why not.

https://www.investopedia.com/terms/i/inthepink.asp


I think 20k is most important to hold for the next week or so while waiting for 200 day average to turn upwards and we gain momentum more important then just spiky bursts which can reverse more easily then a tide change imo.
1980  Economy / Speculation / Re: Is the $17,000+ bitcoin price breakout benchmark to new price direction on: January 14, 2023, 11:27:48 PM
The moves at this level appear massive because we are moving off relatively low levels, thats part of the energy to the risk of those involved.  Fortune favors the brave but it doesnt mean we have to continue as positively.   BTC broke upwards just as the background market sentiment turned quite positive, a new start to the year is some dynamic I recognize.   What really matters now is the consistency to the move, in 2017 there was a pattern to the lows but the action was quite subdued and appeared to sell off; however each low was a little higher then the last.  This was enough to be bullish, so I like we got past 20k but I guess I have to observe the same now in that low prices matter also in day week and month bars.
Pages: « 1 ... 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 [99] 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 ... 600 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!