I currently see us continuing sideways within a relatively tight trading range until the May 25th to May 29th date range IF THE PRICE ACTION IS TO FOLLOW UP WITH A DOWNWARD PUSH. However, we still have a chance for continued upward pressure until then. So, if the price action does rise significantly between now and the May 25 to 29 date range, that date range could be "extended" as a result of a significant upward move affecting the movement of the indicator lines in multiple time frames. Video Publication titled, "Part 2: Sideways @ Worst to May 25, 2019; Could Continue Higher" https://www.tradingview.com/chart/BTCUSD/CYAtPkfI-Part-2-Sideways-Worst-to-May-25-2019-Could-Continue-Higher/I still see upward pressure continuing for the long term to at least the last week of June or first week of July at a minimum. Video Publication titled, "Bitcoin Brain Storm Part 1; High Time Frames (2-Week to 3-Day)." https://www.tradingview.com/chart/BTCUSD/CQOgL8QW-Bitcoin-Brain-Storm-Part-1-High-Time-Frames-2-Week-to-3-Day/The Litecoin Block Halving is playing a major role in the length of time of this current bull run. The fact we have 75% less bitcoin on exchanges than we did back in 2017 is an additional reason for this current bull run continuing to late June or mid July. Less Bitcoin on the exchanges will decrease the affect "supply" will have in its conflict with demand. We have a LOT of people who did not accumulate coins at lower levels. Some are still waiting for a significant dip to accumulate coins and will likely end up surrendering to FOMO as the price continues stair stepping higher. As the price continues higher it makes the position of those who buy at higher prices "weaker." They feel less secure in their position at the higher price they paid to accumulate. Hence, the term "Weak Hands." We don't have enough "Weak Hands" in the market yet for a significant dump in my opinion. However, the number of "Weak Hands" will increase over time. |
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I have been trolling this idea in this subforum. "The rally is driven by Bitfinex's users who are buying Bitcoin up to quickly withdraw their money".
What's the probability that that can be true?
And THAT may have been the very recipe Composite Groups (Whales) were looking for to implement their next bullish move; knowing they would have to contend with less resistance. In fact, they would receive additional assistance without having to spend as much capital. |
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Apart of being this one engine scam or not, there are some new mining equipment on the XMR network obviously: https://miningpoolstats.stream/moneroThey removed auto-calculator to avoid panic, but now Total Network Hashrate = 712 MH/s, Known Pools' Hashrate = 328 MH/s, so UNKNOWN Hashrate = 384 MH/s = 54% of Total Network Hashrate. Remember, miner equipment manufacturer NEVER starts to sell miners to public UNTIL they'll become UNPROFITABLE to mine by themselves. So when they start to sell them, you do always lose if buy. I think their equipment is indeed FPGA-like. --- I propose new idea to XMR mining algo: to emulate floating point computations of higher precision that is not common in any hardware. We should imagine how to involve a true random NOISE into computations. The way we involve NOISE should meet some requirements, for example, if one doesn't add NOISE, their results should be worse in metrics of hash mined. So FPGA manufacturer must add NOISE in EACH node of its FPGA logic. If so, FPGA will be as effective as GPU, CPU, etc... I may mistake... above are just free imagines... I don't understand why MONERO simply switches to PROG PoW. It puts GPU's, FPGA's and ASIC's all pretty much on an even keel. FPGA's and ASIC's would only be able to achieve a 1.1 to 1.0 or 1.2 to 1.0 advantage with hash rate/power efficiency. |
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Hi Fak, I'll do my best to answer your questions. Here we go... 1. Why can't I assume the price action in the Dow Jones Industrial Average chart "must" play out "exactly" as the Wyckoff Distribution Schematic I you provided specially that with taking a close look on the DJ chart, the price was on a bull trend from the late of 2008 or 2009 I think till now and only coupled with few bear-traps or sell-offs and this bull trend must come to end ? Plus you've stated that there is a lot of supply which is not matching the demand so the test of supply here will be produce a negative result which is 'Phase D'.
Well, if you look at my chart and the "example" of the a Wyckoff Distribution Schematic #1, you can see the price action in the DJI Average chart is not EXACTLY like the price action depicted in the Wyckoff Distribution Schematic "example." However, the "events" within each phase of both charts have occurred. Yes, the bull trend is coming to an end. At least for a couple of years. I'm expecting the markets to drop approximately 70 percent. Similar to what crypto's dropped from All Time High (ATH) to their lows. If you watch the two following YouTube channels religiously like I do, you will get a lot of "Fundamental Analysis" (FA) to go along with the "Technical Analysis" (TA) I've provided in my DJI Average Publication in a previous post. To understand my Technical Analysis, you would have to understand HOW to use an indicator called, "Godmode 3.1 Mod with LSMA." You can read the Five (5) Rules I created for Godmode that I posted in the comments section of the following publication if you want to: https://www.tradingview.com/chart/EURUSD/aBjslCC2-Using-Godmode-3-1-mod-with-LSMA-merged-with-Stochastic-RSI/ This way, you might understand better why I'm saying I'm expecting approximately a 70 percent drop from All Time High on the DJI Average.  The IMF has been screaming lately about a DEPRESSION coming soon. However, they are TRYING to lay a narrative to blame it on Trump. In reality, it's the Central Bank's fault. They wanted Hillary to get elected because she would have given them the world war they wanted in order to blame the collapse on the war instead of their 2. What makes you sure that there is an imminent market crash in the making and it will hit us sooner than later ? On what base or reason did you build those assumptions my friend ?
Well, I'm pretty much in total agreement on "most" things with the two (2) following individuals in the links I'm about to provide. Subscribe to their channel and watch them religiously... X22 Report: https://www.youtube.com/watch?v=xtaypJxrU30ITM Trading: https://www.youtube.com/watch?v=6Lq6OhDbeAw3. Do you see governments are stacking on Bitcoin now in a secret manner ? and Why ?
I'm believe that is the case based of what Christine Ligard (IMF Chief) total banks to do months ago. 5. You said, "We have rough times ahead in regards to stock markets crashing, banks closing and governments defaulting on their treasury bonds. I see a total ruin resulting in a RESET of the global FIAT system."
Why we will have rough times ahead ? And do you see this as imminent scenario ? If yes, why ?
We are heading towards a DEPRESSION. 100% certain of it!!! Even Legard (IMF Chief) says we are. Trump and "Q" have been carrying out a plan to rid the world of our current FIAT system and Central Banking System. If you have kept up with "Q" you would know this. Dave, on X22 Report almost always cover "Q" posts each day during his "Political/Geopolitical" publications. As to WHY??? Listen to what Dave says in that X22 Report link I provided. Here it is again: https://www.youtube.com/watch?v=xtaypJxrU30He should be posting a "Political/Geopolitical" publication shortly. The link I posted previously is the "Financial" publication. 6. Do you see banks have entered into Bitcoin accumulating business or not yet ? If not, what are they waiting for and when do you see this happening ? If yes, based on what did you say my dear ? I have no proof to show by the markets they are entering into crypto. Not sure if you knew this, but exchanges have other crypto markets for those with LARGE bank rolls who can purchase crypto in blocks of $1 Million and more. You have to PROVE you have that kind of capital to be invited to these exchanges. Binance, BitStamp, CoinBase and Kraken are only a few of those exchanges that have markets for big players to trade LARGE amounts without stressing the market. Also, they are able to buy large amounts at a bargain compared to those of us "retailers" on the regular exchanges. A lot of questions I know my dear, sorry about that but as you see, I enjoy and want to learn more from you  Thank you for your time and information in advance my dear brother Warmest regards, Fakhoury No worries... If any more questions, simply ask. Best regards, David |
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Do you remember this video? "Andreas Antonopoulos - Currency Wars and Bitcoin's Neutrality" https://www.youtube.com/watch?v=6ZCVQHtD2l4&t=1sI'll get back with you soon on those other questions. Simply wanted to post a response to the IMF article. IMF: Rapid Growth of Bitcoin and Crypto Will Impact Global Financial System |
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Cardano (ADA) has a LOT OR ROOM TO GROW.
Cardano (ADA) will be moving to PoS (Proof of Stake) very soon. This will be like owning a stock that provides a dividend. Meaning, if you STAKE your coins on a staking pool, you will be able to grow your stack over time.
Seriously, Cardano (ADA) is worth a look.
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I'm a small investor , new to crypto but i'm doing non stop research and i want an honest opinion on what you guys think i should buy with this capital .
Was thinking ETH , ETC(new pump coming soon-> japan DMM exchange luanch on 11 january) , Elix , PRL , Blue , AMP .
Any input and ideas are highly appreaciated .
Thanks !
In my opinion, it's hard to go wrong with Cardano (ADA). Cardano will be PoS (Proof of Stake) soon. If you STAKE your Cardano you purchase, you're basically drawing a dividend and growing your stack over time. Also, Cardano is an EXCELLENT LOW PRICE right now. |
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Hey Dave, I like your mindset when you are talking about trading, I agree with every word you've said. Regarding being disappointed, don't be brother, we are mature enough to know life is not easy yet not impossible and it's never too late to change our own career or to change our plans, we don't know what the future holds for us, for this reason, we must be cautiously optimistic and who knows, maybe this is better for you in the long run, why not ? I'm kinda sure you will do very well in your new journey as you did with mining, we've been her for too long my dear brother I saw the ideas of yours and like them, but I've two questions if you don't 1- Would like to hear from you, when you are seeing us passing $1MM+ ? 2- What do you think about this idea ? https://www.tradingview.com/chart/BTCUSD/c2DYFwXO-Bear-time-is-near-to-end/ , it's Masterluc account. 3- The below bullish news will make you happy and euphoric  Warmest regards, Fak Hi Fak, Apologies for the delay, Brother! Thanks for the motivation and inspiration! Much appreciated, Sir! Sure, I'll let you know when I see us potentially passing $1,000,000.  I looked at MasterLuc's idea on Trading View. Sure, it's possible to reach $250,000 by July 15, 2019. However, the motivation for that coming to pass must involve a complete total decimation of FIAT and stock markets around the world [As depicted in the publication below the image of a Wyckoff Distribution Schematic #1].  Do "NOT" assume the price action in the Dow Jones Industrial Average chart (below) "must" play out "exactly" as the Wyckoff Distribution Schematic I provided as an example (above). It's "only" an example... I also explain [In black text bubbles] WHY the first Up Thrust After Distribution (UTAD) was REJECTED and resulted in a continued Up Thrust while the Deep State Bankers regrouped to determine another plan of action and how they would attempt to "Control the Narrative" for the next collapse. Link with further discussion on chart below: https://www.tradingview.com/chart/DJI/avHhTeC9-September-October-2018-May-Be-the-Beginning-of-a-Collapse/ If the price of Bitcoin went to $250,000, that would put the market cap of Bitcoin by itself at approximately $4.5 TRILLION US dollars. This does not include the market cap of Alt Coins. This would imply that $4.5 Trillion had the opportunity to transfer over to exchanges to bring liquidity to those exchanges. Such a move of liquidity would more than likely be achieved by governments for the most part in my opinion. This move of over $4 Trillion in FIAT to exchanges would also need to be done BEFORE stock markets tank by at least 50 to 70 percent. When the stock markets tank by this significant of a drop, it's HIGHLY LIKELY the financials (banks) will have gone under. I suspect THEY (banks) would have been the ones to have created digital FIAT out of thin air [Through what is called, "Fractional Reserve Banking] to transfer over to many crypto exchanges across the world via their SWIFT network. However, the citizenry would not be able to transfer their FIAT to crypto exchanges AFTER a collapse of the financials (banks). The citizenry would be left holding an empty bag. The scenario (above) has been a fear of mine the past couple of years. We have the financial collapse of Greece to look back on as a perfect example of what I'm referring to. I've often wondered how a GLOBAL collapse would affect the price of crypto currencies. Only early adopters of crypto would be able to benefit from such a global scenario. We have rough times ahead in regards to stock markets crashing, banks closing and governments defaulting on their treasury bonds. I see a total ruin resulting in a RESET of the global FIAT system. I also see those currently in power (banks) not taking chances and positioning themselves to benefit from this circumstance by transferring capital to obtain HARD ASSETS such as physical precious metals, land, real estate and crypto currencies. If crypto currencies go up as much as MasterLuc has depicted in that short period of a time, we can conclude most of the crypto currencies purchased during this time were purchased by bankers and governments. Also, "IF" banks have closed (collapsed), who would want FIAT currency? Which means, who would want to sale their crypto for FIAT on crypto exchanges? Those who do sale are making a bad decision. It would be best to HODL during this period if one is not equipped with proper indicators and experience to use those indicators to take advantage of the dips on the way up to $250,000. Also, if you think about it, banks would need to transfer their FIAT to crypto exchanges BEFORE such a collapse to purchase cryptos. Why? Banks collapsing (going under) could disrupt trading on crypto exchanges because it would be as though the crypto exchanges were just hacked for millions of their holdings. However, those holdings just happened to be FIAT held within banks they do business with on behalf of their customers (traders) when customers transfer/wire FIAT to the exchanges. So, if banks are going to pull this off, they would have to REALLY think this through and do it in a well orchestrated manner that avoids doing damage to their own crypto holdings they plan to accumulate. Meaning, they would have to transfer their crypto holdings off crypto exchanges BEFORE these exchanges are affected by banks going under. I'll have a look at your bullishness news shortly. I wanted to respond to your questions as soon as possible after neglecting to do so for so long. Apologies, my brother! Best Regards!!! David |
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Hey Dave, Yup, our thread is really going good with all of our contributions. I like your new idea and from the bottom of my heart I wish you an insane success my dear brother and close friend but pardon me in something, don't you think that day trading usually and not for certain, leads to loss of BTC for a reason or another and it's the best to 'hodl' ? Why with that much of gear you had and/or still have, didn't start mining some profitable altcoins and then convert them to Bitcoins as you know the Altcoins main purpose is to accumulate more Bitcoin ? Again, wish you all the best my dear Fak Hi Fak, It depends on how good of a trader you are in regards to whether one loses coins or gains coins when day trading. Of course, it's virtually impossible to gain coins trading daily without knowledge and experience on how to use proper indicators. It's also mandatory to have proper safeguards in place to keep losses small and gains large. Another rule I follow is NEVER trade on margin (leverage). As for mining profitable alt coins: There are no profitable alt coins to mine anymore. Equihash algorithm has gone ASIC. ETH will soon be proof of stake. What few coins left to mine already have way too many miners mining them; which in turn has driven up the difficulty. My power rate has gone up over the last couple of years to $0.12 per kWh. So, my power rate does not allow me to be competitive either. It's simply time for me to get out of mining and focus on trading. I enjoy teaching and trading. So, I'm looking forward to starting the website soon to provide trading signals and trading education. I've been shopping lately to prepare for teaching. Also been shopping lately for items in the office remodel. For example, here's what I'm going to use for my desktop on the back wall in my office: https://i.imgur.com/muciHvq.jpg Here's some shiplap I'm going to install on the upper two thirds of the back wall in my office along with white beaderboard on the lower third of the back wall: https://i.imgur.com/gNf19rj.jpg The 55 inch 4K TV's will look great on that back wall with the shiplap. Here are the three TV's I bought: https://i.imgur.com/Rgv9jlA.jpg I'm simply wanting my office to look nice for future training videos. It is disappointing investing approximately $10k for a power upgrade and mining room remodel and work hard for a couple of months to remodel the mining room; only to take it apart now and sale everything individually. I'll have approximately 400 items in total to sale on ebay by the time it's all sold. My ebay account says I've already sold 132 items since July 29th. I refuse to let my current mining debacle get me down. You probably know that's how I provided for my family. Now I'm going to use my trading and trading website to provide for my family. Here's my most recent BTCUSD publication if you want to check it out: https://www.tradingview.com/chart/BTCUSD/ahiDpw8x-Definitely-Looking-Like-Wyckoff-Accumulation-Schematic-2/Here's one chart in particular for you to compare a Wyckoff Accumulation Schematic #2 (lower right corner) with current price action for BTCUSD. It definitely looks BULLISH to me.  Best Regards, David |
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Hahahah. . You’ve been here long enough now to see this is merely a game to fleece the naive. You seem to still fall in that camp. Also what did I say that was confusing to you. You must confuse easily. I’d say it’s quite the of contrary. Using one world currency will make it easier to progress their agenda. Explain to me how this bs is ever going to be decentralized when the rich build the machines and the power costs arent equal across the world. Centralize this shit and really put the fucks to the users. Checkmate!
Again call me whatever names you like just shows to me I struck a nerve. I’ll be awaiting your educated answer. Since I’m so stupid of life. Please fine sir do school me.
I'm not explaining shit to you! You're not worth my damn time. You're mind is too far gone, weak and too easily manipulated. Hahaha. Typical lazy answer. Call out someone and then not have the ability to take the time to explain what it is that you so “get” and I do not. I’m guessing your get rich quick scheme you thought you had going here didn’t pan out so well. I’m in the same boat as with all other miners who didn’t centralize to a data center. This system cannot work as designed unless power is equal across the world. I still hodl btc as I never know what it’s going to do but to be so certain “YOU” know how this will play out is naive at the least. I was there once. What I do know for certain as this grows more will try to take it down. I’d love to see that we have a system in place that deals with the centralization problem. How to put trust that the code won’t be forked and we add 21 mil. I mean in all of history how many currencies have survived. I’ll give you a hint 0. So please if your gonna stick your head out please by all means help me to understand what it is that you so easily “get”. Thanks BR You don't deserve my quality time. You're as "naive" as you sound. |
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Alright everyone lets get back on topic about talking about how fucked we are with these asic miners lol.
I'm sure DMWardJR will continue to tell us all about it. Actually, I won't continue. I'm simply going to let y'all learn the hard way like I did. Also, I know you bought and received batch 1. I'm referring to those who bought batch 2 and later. Equihash difficulty is about to explode over the next couple of months along with the price. Once Christmas arrives, I would seriously consider selling your Z9's while the price of ZEC and ZEN are sill high if I were y'all. That's my opinion of course. Actually I sold my batch 1's at a nice profit (ROI day 1), I did pick up 1 from batch 2. It sold for more than I paid for it. So I like the ROI on Bitmain products! Simply re-itterating the point that you did not stick it out with your batch 2 by trying to ROI via mining. You ROI'ed via selling it to an unsuspecting miner with a dream or someone with very low power costs. |
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Alright everyone lets get back on topic about talking about how fucked we are with these asic miners lol.
I'm sure DMWardJR will continue to tell us all about it. Actually, I won't continue. I'm simply going to let y'all learn the hard way like I did. Also, I know you bought and received batch 1. I'm referring to those who bought batch 2 and later. Equihash difficulty is about to explode over the next couple of months along with the price. Once Christmas arrives, I would seriously consider selling your Z9's while the price of ZEC and ZEN are sill high if I were y'all. That's my opinion of course. |
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Hahahah. . You’ve been here long enough now to see this is merely a game to fleece the naive. You seem to still fall in that camp. Also what did I say that was confusing to you. You must confuse easily. I’d say it’s quite the of contrary. Using one world currency will make it easier to progress their agenda. Explain to me how this bs is ever going to be decentralized when the rich build the machines and the power costs arent equal across the world. Centralize this shit and really put the fucks to the users. Checkmate!
Again call me whatever names you like just shows to me I struck a nerve. I’ll be awaiting your educated answer. Since I’m so stupid of life. Please fine sir do school me.
I'm not explaining shit to you! You're not worth my damn time. You're mind is too far gone, weak and too easily manipulated. |
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Alright everyone lets get back on topic about talking about how fucked we are with these asic miners lol.
. z9s are the only asic atm in the green Come April, Z9 mini will be a paper weight. |
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There is probably not much to say if ideology and political preferences are posted in a thread
Damn straight! Not much to say to a "Useful Idiot." |
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Not an excellent comparison. The gun manufactures are lettin the citizens do the dirty work. Causes five more to want to buy a gun. Still very dirty pool. Plus nra invites hates and violence and thinks the only way to solve that is with a gun. No one has time to talk it out this day and age. Fucked up world only gonna get more fucked as time goes on!
BR
Spoken like a proud "Useful Idiot." How a Progressive/Globalist piece of crap can support "decentralized" crypto at the same time is beyond me. Simply shows how much of a useful idiot you actually are. You honestly don't realize by your involvement with cryptos you are supporting the very thing out to defeat your big government; progressive/globalist agenda. You're very confused. You don't know what the hell you want, do you? Hence, the term, "Useful Idiot." Your mind is weak and easily manipulated.  |
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Perfect to stress on this again and again but hey dmwardjr, where the heck have you been our dear and old permabull friend ?! Long time since we've seen you, or me at least.
Hi Fakhoury, Good to see you still have the thread going strong! ; ) As for me: I worked real hard for several months remodeling and enlarging my mining room while adding an additional 200 Amps power service upgrade. Only a couple of months after the remodel and power upgrade, I have decided to shut down my GPU mining. I've been selling a LOT of hardware on eBay since July 29th. At least 400 items in total to sale. I've sold 107 items thus far. Most of which have been GPU's. I still have over 100 GPU's to sale; along with motherboards, 1150 socket processors with coolers, RAM, power supply units, power distribution units, 36 inch 6-pin cords, CAT6 cords of various lengths, different power cords, etc... I'm currently remodeling my office and will have approximately 17 monitors for trading. I also hired an Operations/Marketing Manager and an IT Manager to work with me on a trading signal and trading education website. I hope to go LIVE with that website by end of October. It could be end of November. Not sure yet... I do navigate to bitcointalk on occasions but not near as much as I used to. I spend most of my time on Trading View when I'm not selling hardware on eBay or working on my office remodel. David |
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