yeah Bob
we know what you mean
The enemy of my enemy-vomit-mouth-man-child-with-napoleon-complex-that-never-shuts-up-and-just-posts-garbage is my friend |
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They want to begin the run by being the biggest coin holder in the pond.
What do you think Anon136? Have you observed this in the past?
That's what it's about isn't it. It's not about them having the coins, they already have plenty of coins, it's about others on the exchange NOT having them. So that said others can not impede the bull run by selling on the exchange during the way up. That is the insight I was missing. Shake everyone else out so that there are no sellers. Exactly! They want only buyers left on the way up. The guppies are the exchange buyers that are simply riding on the momentum trade, chasing the wave. The whales want to be the only sellers at the blowoff top, in complete control of the float on the exchange markets so they can decide/control when to massively short/dump and wipe everyone else out. Then scoop up cheap(er) coins on the bounce. |
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The price of bitcoin has risen over the last 24 hours coinciding with a positive employment report coming from the USA. At 3.8%, this is the lowest unemployment rate in 18 years. The strong jobs market report sent most legacy markets higher as well.
But...bbut... you do realize that the U.S. unemployment rate of 3.8% is complete fabricated bullshit, right? The U.S. unemployment rate doesn't account for the ~15-20% of Americans that had been laid off in the last 10 years since the financial crisis, that are out of the work force entirely and are no longer seeking employment. They are either retired, retired early, or just not working and relying on other support income (e.g, spouse, investment $, welfare, etc.) The Fed's calculations only account for a) those working, and b) those actively seeking employment over the last 12 months. So the U.S. unemployment rate across the board is probably closer to 15-20%. The rapid increase in Federal deficit and debt gives the clues. The amount of Fed and State tax revenue they are collecting now is WAY WAAAYY down from pre-2008 levels. That's why certain states are in the red and will likely default soon TM. So long Illinois or New Jersey, it was nice while it lasted.... you corrupt fucks. |
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Definitely NOT one of Slayer’s best albums
Who's the guy on the far right? |
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Of course, we've seen times before where the deep pocket whales begin the next bull run with a bang, aka a massive dump/short and stop loss hunt to liquidate all the of the leveraged longs first. If the whales accumulate for a long sideways period, this would give them the ammo they need. So I imagine the next bull run trigger will start with something like that. It could take us spiking down briefly to the $5K range in a flash, before heading back up.
Running stops seems to be fundamentally about acquiring product and not so much about effecting the price. Do whales need the coins that are on offer on the exchanges? It seems to me that a whale would interact with an exchange for the purpose of effecting the price more than the purpose of accumulating/liquidating his position. If he were either accumulating or liquidating he would want to do either of those things OTC because if he were accumulating he wouldn't want to drive the price up and if he were liquidating he wouldn't want to drive the price down. So he makes changes to his position OTC but perhaps he tries to use a small portion of his stash to manipulate the price down before making an OTC purchase and vice a verca before making an OTC sale. I'm not really trying to argue against you here. I'm mostly just interested in how you will respond to these thoughts. I agree, you're right in that stop running is usually about shaking the tree in a sideways market to acquire more supply OTC, without effecting the underlying market price. We also see that when a bull run starts in earnest, there are a lot of major shakeouts on the way up as the whales try to scoop up more coins before moving the market up. This usually coincides with sudden FUD events that are complete nonsense. What I was referring to is a major sort of dump/short that signals the start of a new bull run. The whales start by attempting to stop out every existing leveraged long and scooping up their cheap coins before running up the market. They want to begin the run by being the biggest coin holder in the pond. But perhaps this is harder to do now since there are so many exchanges.... I'm sure it was easier when there was just a few when Mt. Gox was still around. It may or may not happen. What do you think Anon136? Have you observed this in the past? |
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The major volatility in Bitcoin's price started when the major parabolic move began, around Oct 22, 2017. The price was @ $6150 before the first shake out. Thereafter, the average daily delta went from a few hundred dollar moves up and down (+/- 5%), to thousands.
So I knew that after the blow off top in Dec, the price bottom wouldn't begin to materialize and stabilize until we got back to merely a few hundred dollar moves up and down (+/- 3-5%).
Well we are there now.
Does that mean we have hit full bottom? Maybe. Since the momentum trade is clearly over for now, the market can stay pegged in this sideways range for some time, before starting to head back up again. Without volatility, day traders will start to lose interest and drop off way before that happens. Miners will make sure the price reflects their cost basis for ROI by holding back supply from the market. Exchanges will continue to wash trade. This could go on for months.
Of course, we've seen times before where the deep pocket whales begin the next bull run with a bang, aka a massive dump/short and stop loss hunt to liquidate all the of the leveraged longs first. If the whales accumulate for a long sideways period, this would give them the ammo they need. So I imagine the next bull run trigger will start with something like that. It could take us spiking down briefly to the $5K range in a flash, before heading back up.
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First of all, I am not attempting to bait anyone...
Bullshit. The fact is that you only try to strike up conversation here on this thread, simply to pick a fight with someone and try to condescend them in order to somehow pump up your own ego and make yourself feel smart or important. You've done it countless times to many people here. How sad. That's like your opinion, man, which is over-reading my actions or my motivations. O rly? Here's a sample of how you talk to people. And this is just from the last 6 pages of your post history:
JJG's GUIDE TO WINNING FRIENDS WITH CONDESCENSIONGet the fuck out of here with your nonsense proclamation that.... If you are that dumb, then you are not trying hard enough... I am merely quibbling with the mixture of your nonsense points.... Sounds like a bit of an exaggeration... ...rather than recognizing the bullshit of your previous ideas.... Get the fuck out of here with your nonsense proclamation that.... I just conclude that you are so much embedded into a kind of gambling mentality and you are trying to play with all or nothing strategies, too much.... Only a rookie would not safeguard his backup key... ...but one of the problems with your whole argument is.... You are setting yourself up for failure... Who cares? Get the fuck over it... You are coming off as one of those... I'm calling you out on this one... Have you made any kind of point in your above post?... Maybe I take the most issue with any kind of claim that the market is stagnant?... Either interpretation of your statement makes little sense, especially if we look at actual facts... Perhaps you are getting caught up in the weeds a bit?... You are really beginning to come off as a crack pot... You seem to be just making shit up... I get the sense that you are just guessing... Aren't some of these seasonality cycle narratives a bit ridiculous?... Give me a break with your discussion of what you believe to be... Get the fuck out of here with your "only thing" FUD spreading attempt nonsense... Both of these are not very fleshed out concepts... Below, I am going to pick apart each of the strategies... For me, this is a bit of a nonsensical point... You seem to be causing your own issues and drama by attempting to defend your own posting... |
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First of all, I am not attempting to bait anyone...
Bullshit. The fact is that you only try to strike up conversation here on this thread, simply to pick a fight with someone and try to condescend them in order to somehow pump up your own ego and make yourself feel smart or important. You've done it countless times to many people here. How sad. |
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Blah blah blah
Blah blah blah
Surely, your age slotting is not very helpful, and my response is likely going to just cause you to double-down, again, because you seem to like to argue for the mere sake of it, rather than recognizing the bullshit of your previous ideas down this age path.
Once again JJG, fuck off. All you ever do is try to bait people into a supposedly friendly debate, and then you fucking condescend them even when they are making perfect sense or are in the right. And talk about spewing bullshit. 99% of your walls of crap text are bullshit. So fuck off, I'm done ever conversing here with you again. And pls don't quote me or try start something up again. You are a buffoon. Like a clown. A court jester. A fool. Nothing more. No one takes you seriously. Back to /ignore with you |
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This is true. As Bitcoin continues to live on though, it will be the younger, newer generations of Average Joe that takes a chance with Bitcoin. They come into the working world with more disdain for the existing financial structure, less debt (except student loans), less skepticism of Bitcoin, less to lose and everything to gain.
Grandma and Grandpa ain't coming in droves, sorry. Grandma and Grandpa can't even afford to buy Precious Metals anymore, much less Bitcoin. Plus the MSM has mindfucked them to believe that Bitcoin is a scam.
Get the fuck out of here with your nonsense proclamation that regular Joes cannot afford bitcoin. They only believe that they cannot afford bitcoin, which seems to tie in with your overall point that they are being mindfucked by mainstream media. Ultimately, you and I are likely pretty close to agreeing, and probably I am merely quibbling with the mixture of your nonsense points that are embedded into your other relatively decent points.   Nah, I think you are just quibbling. I still stand by what I said. With the exception of Jimbo and maybe a few other guys here over the age of 60, most I have met have zero interest in Bitcoin. They think it's a scam created by the gubmint to get everyone into their "centralized digital currency" in order to control them. They don't trust it. They trust PMs more. Plus a lot of baby boomers are just flat broke and in debt. They are spending all their money on bills and trying to enjoy life. If you go younger, in the 40-50 yr old range, you find a lot of guys that are just flat out hostile towards Bitcoin, like it threatens their very way of life or something. You should of heard the vitriol that my (former) Accountant was spewing about Bitcoin in 2013. Thank god I didn't listen to that idiot and dumped him. Most guys in that age range I've talked to simply scoff and laugh at the notion of buying any bitcoin. I believe that you have to go down to the under-35 crowd before you start finding many people with an open mind toward Bitcoin... |
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WTF is the difference between Tether and TrueUSD? |
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Actually if infofront had any balls he could delete 'it's' posts for being spam.
Shitcoin shills, trolls, Big blockers, Bitcoin haters/bashers, and Jew-hating Nazis have all been encouraged on this entire website from day 1. Y'know, cause 'muh free speech' and all that.  Sadly, the /ignore function is all we got. |
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r0ach is a troll? can't be? he is the smartest retard I have ever met.
This HAS to be one of r0ach's other sock puppet shill accounts that he uses to converse with himself.  
You shouldn't call him a retard.
I believe the PC term is to say that he is retarded. That way you do not label him as a person, just his actions.
He can feel special and it makes everyone happy in the end.
He's special needs alright. |
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No point in trying to argue with r0ach, he is the king of Sophistry with his misdirection and completely made up bullshit. I'm glad I put him back on /ignore, I would advise you to do the same. |
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Fucking MSM, such targeting and FUD. So where are all the clinics treating the penny stock trading addiction all these past couple of decades? SMH |
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For the market to grow like we all hope it will, regular people are going to have to come in droves.
No, this is wrong. Current fiat (or any asset) wealth is not distributed evenly across the population, in fact it is well-documented and heralded as being increasingly concentrated in fewer and fewer hands. By this reason alone, relatively very few have to come to bitcoin to replace fiat as the dominant wealth storage and measurement mechanism. This is true. As Bitcoin continues to live on though, it will be the younger, newer generations of Average Joe that takes a chance with Bitcoin. They come into the working world with more disdain for the existing financial structure, less debt (except student loans), less skepticism of Bitcoin, less to lose and everything to gain. Grandma and Grandpa ain't coming in droves, sorry. Grandma and Grandpa can't even afford to buy Precious Metals anymore, much less Bitcoin. Plus the MSM has mindfucked them to believe that Bitcoin is a scam. |
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Monero will be at "100%" in May 2022 after which a 0,87% tail emission commences indefinitely. Slightly better than gold and better than Dogecoin
AHAHAHA Yes, because as we all know, once a PoW coin's block reward reaches zero, the tooth fairy casts a spell on it to turn it into "better than gold". That's why there is not a single dead PoW altcoin so far and only 2000 new forms of gold!!! ...just kidding, all PoW coins function as Ponzi schemes in practice because the block reward subsidizes transaction fees and once it ceases, people all simply switch over to a different chain that still has a block reward running in order to keep the subsidy and not pay $500 per transaction. Sorry had to quote this one. This proves that you're an idiot r0ach, as no miners are going to switch over to a dead coin that no one is buying or transacting with. So you think that zombie coins buy themselves now? |
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And when you read about how the debasement of the currency led to soldiers demanding more and more pay or they would revolt, it's pretty easy (and frightening) to see why the militaries of the world are pushing for more and more robots. Robots can't revolt and will work for free (or just energy anyway). |
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Fill your bags boys. This is the moment we all have been waiting for. It is coming. Paper monetary system is on life support since early 2000's. QE's kept him alive for nearly another 20 years and It has come to an end.
It saddens me to think that the uninformed Average Joe out there doesn't know this about Bitcoin: You can mine for it (at cost), but you can't QE it like fiat. You can't create it magically out of thin air. Ever. And it's issuance rate is going in the exact opposite direction than that of fiat money. The U.S. dollar just broke below 0.05c worth of purchasing power left since it was first issued. I'm sure if even a small percentage of the QE'd reserved dollars came flooding back to roost, it's purchasing power would be all but completely gone. |
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It would have funnier if they had forked BCash instead to create BTCC. It would have diluted their shitcoin even further. Also would have been interesting to see if Roger's camp would have launched a 51% attack against it. |
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