Where do you guys see the price heading by NYE?
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i'm thinking 400 is coming soon, very soon.
Either you are attempting to use reverse psychology, or you have bought back in.... oh that last thing about selling everything again was BS  i sold ~9 days ago, bought back 80% last night at a small loss. Are you one of those people that has a segregated "trading" stash and pretends that these %'s mean something? Or you sold all of your BTC 9 days ago? what kind of nut bag sell ALL his bitcoin on a whim? generally i don't trade with more then 10% of my total bitcoin i feel extremely nervous selling more then 30% and that can only happen if market move like 20% higher then my initial sell. |
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and now i'm selling again  |
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i'm thinking 400 is coming soon, very soon.
Either you are attempting to use reverse psychology, or you have bought back in.... oh that last thing about selling everything again was BS i sold ~9 days ago, bought back 80% last night at a small loss. |
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what if the past 10 days of trading painted the right shoulder of what will be a 30day head and shoulders
neck line at 333, head will top out around 420, we bottom out at ~280 in about 1-2 months
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Gotta be honest here...what do the Bears think they see here? cheers  Beef on the hoof P.S. stay tasty, we'll be right over! What do you think of the technical analysis? If i told you I personally controlled the price & volume across every exchange, and you knew I was telling the truth, would you still use TA? Hypothetical, Y/N? Well I'm in the composite operators head! This is a mosaic work of art that takes time and skill... If really in 'composite operator's' head, why dick around with TA? to paint a head and shoulder pattern and watch all the traders squirm as you make sure it doesn't complete with a drop but an insane rise? |
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i'm thinking 400 is coming soon, very soon.
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hes going to sell his pot for 25$ a gram! and no volume discount. i'm disappointed. |
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The bitcoin blockchain is a lousy and terribly inefficient data structure.
For 'permissioned' cases, I would agree with you. However, if your use case is a trustless public ledger, it is absolutely the best data structure of which mankind is aware. Efficiency is only meaningful in relative terms when comparing alternatives. Accordingly, for the trustless public ledger use case, it is the most efficient available. He's talking about *banks using it* So yeah, you are right, in the same sense as "a revolver is the best handgun for driving nails." Yes, it is, but why drive nails with a handgun? Use a frickin' hammer. Well, yeah. Except that every significant financial institution is looking at 'the blockchain', trying to figure out how if they're gonna use it. Which, by the way, was the topic of this sidebar to begin with. Fixed. Also, this is what most financial institutions are looking at. Blockchain at this point is a buzzword, as meaningful as 'cloud' used to be -- a way to make your investors think you're licking the bleeding edge.sad but true. unbelievably they claim this roundabout messy way to record data shared amongst themselves is somehow a huge improvement on what they had before, WTF did they have before, did they rely on word of mouth to clear wire transfers? |
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I think ultimately, the banks will steal/co-opt/centralize bitcoin, make it their own, force the price up, and push the cypherpunks/anarchists to alt coins and I think the miners and hodlers will let this happen because $ /shrug. I just have issues seeing how you can have a blockchain function without a token or maintenance device; maybe something along the lines of peercoin & nubits, but it didn't sound like it based on referencing asics and fpgs
They have no use for bitcoin or any other cryptocurrencies. If they had, they would use some closed centralized "currency" like Ripple. The bitcoin blockchain is a lousy and terribly inefficient data structure. It is used in bitcoin because it was the only structure that Satoshi could think of that prevented double-spend and could be reliably maintained by a distributed swarm of uncoordinated anonymous volunteer miners. The bitcoin system uses the bitcoin currency to motivate those volunteers, through fees and block rewards, because it has no other way of rewarding them. However, the banks will hardly want to use uncoordinated anonymous volunteers to process their billion-dollar transactions. So they will not need bitcoin to reward them. So, after the hype deflates, they will realize that there are better data structures and protocols for their problems -- and that they are already using them. banks are confused as fuck. there is no point to what they are doing with blockchain, as Jorge points out the structure of Bitcoin is inefficient. the only reason its cool is because its the only way to get trustless TX verification. there is no point to use a blockchain type database if your going to only allow registered trusted users to play with it. they were told blockchain tech was the future, but they didn't understand why. now they are building a system thats records things like "trust me, I debited account #1444 10000$ and credited #5559 10000$ on my closed source system " as if irrefutable proof that BankA told BankB about a TX it supposedly did, means anything. next thing you know going to be like " what do you mean there's no physical gold in vault, its record on our blockchain! blockchain tech is flawed!" |
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go to sleep little bears you'll wake up to 333$, i promises.
Well, I woke up and no 333$ as promised!  Just kidding, I think we are in a slowly descending bearish channel, with choppy movements (hard to trade), maybe 333$ during the weekend. There's nothing bearish about that 12h chart. ahahaha i lied |
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i hope this weekend >400 . 2 weeks i am waiting for selling.
Son, if we go over 400 the last thing you want to do is sell. Unless, of course, you like buying back higher. |
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go to sleep little bears you'll wake up to 333$, i promises.
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I dunno man, I think technical analysis of this sort is bullshit. Sure trends and supports and channels and shit is common sense and real but like "oh look its tracing out the mother marys left tit that means it'll drop 20% by the end of the week" is just cloud watching bs.
The whales are playing games squeezing people out and then buying back more and below that noise is a steady increase in value. If you think you can whale watch and predict when they're going to dump, then go ahead.
TA is kinda bullish, but it's also useful, yes "tracing out the mother marys left tit" is bearish as fuck. doesn't necessarily mean it will drop 20% or even 5%, it just means that more often then not marys left tit formation completes with a drop. if you simply ignore marys left tit, and Buy / Sell purely on your gut feelings your not going to do as well as the other guy that knows and trades these setups. to effectively trade you need to know the TA everyone uses. imagine this, we appear to be panting an inverse head and shoulders, and then at what you think the bottom of the right shoulder, supersize! bullish news comes out, now you have TA saying UP and the recent news is bullish too, you can buy with more confidence... and if you act fast enough you'll buy below the neckline. |
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sold everything back again, ready for that 333 price target it was foolish of me to second guess myself.
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