Another proud member of the public goes on a rampage and everybody is reluctant to call things as they are. It's not a muslim extremist, a migrant, who stabbed 2 people to death, it's an ISIS-inspired terrorist (according to the liberals). Each of us could be an inspired terrorist, but somehow only muslim migrant scum do these things. Why are they trying to hide it?


So far, the British police has declared Friday's attack on London Bridge "a terrorist incident." The suspect, who wore a fake suicide vest, stabbed several victims on London Bridge before he was killed by police. Authorities have not ascribed a specific motivation to the suspect. But the incident bears a close resemblance to an attack in 2017. ISIS-inspired terrorists wearing fake suicide vests plowed a van into pedestrians on London Bridge before launching a knife attack at the neighboring Borough Market, killing eight people before they were shot dead by police.

https://edition.cnn.com/2019/11/29/opinions/london-terrorist-attack-chilling-reality-bergen/index.html

Damn, really?! His motivation was to kill infidels and go to heaven for it.

The British media don't want to share who the terrorist was and prefer to base the articles on what the PM and Mayor said about it. Other media are more bold:

LONDON—A convicted terrorist released from prison last year killed two people in a stabbing attack in the heart of London before being shot dead by police Friday, prompting authorities to lock down a busy area on the edge of the financial district and bringing back memories of a 2017 rampage nearby.
Authorities identified the suspect as 28-year-old Usman Khan. He had been convicted in 2012 for terrorism offenses and served time in prison for the part he played in the plot to bomb the London Stock Exchange in 2010.

https://www.wsj.com/articles/u-k-police-dealing-with-incident-at-london-bridge-11575037587

The price is not only determined by the supply. Where did you come up with this idea?
There's always a peak of interest with these things. Motorola also had its peak. Blackberry had its, Nokia had its own when they were making 3310, Bitcoin is still far from it's own. Peak of interest is when you hear everyone talking about it and when you see people using it every day. When Motorola Razr came out in 2005 you could see one out of 5 phone users with these thing. They were in the movies, everywhere. When you see this happening to Bitcoin come here and bump this thread. We'll have a good laugh.

Just as I'm writing this Bitcoin is going up. What happened to "it can only go down"?

There are many theories but the two that seem the most probable to me are:

1. Satoshi is dead. We have tsunamis hitting Asia in 2010, many people were considered lost and their bodies were never recovered. There are plane crashes and car accidents.
He simply died before ever having a chance to reveal himself.
2. He's hiding because he doesn't want to endanger himself. US agencies would love to make someone like that work for them and you can't say no to these people.

You're not so sure if in the next sentence after saying that you can guarantee it you already tell people what to do if it does the opposite. Doesn't look like confidence to me.

Most TA specialists will never tell you that the price will do this or that and will never guarantee anything. They always play it safe like "it looks like bitcoin wants to go up but there's always a chance it will go down so observe and if this level holds it will go up and if it doesn't it will go down. In layman's terms it means that they don't know. It will go up or it will go down.

Probably the only two thing certain at this point is that Bitcoin will never go to 0 and that it will not remain stable. It's going to be volatile and it's not going to stay in a price range, like 7-10k it will break above or below that's what I can bet all my money on. We'll see how the rest plays out.

You want the news or TA? If we look at the news there were all kinds of FUD from China starting with somebody tweeting an old video of Chinese president bashing cryptocurrencies. The tweet made it look like it's recent news and it got spread by various crypto news outlets. Next they spread the news that Binance was raided by Chinese government which was another lie. Binance and Bithumb denied it and there was no proof that it really happened.
People are so easy to manipulate.

They think people with big money are the ones to follow. There's this popular assumption that rich people have to know how to make money, otherwise they wouldn't be rich in the first place. Why is this wrong? Because seemingly rich people sometimes bet other people's money, a great example is Madoff who used to trade 100 million dollars like it's nothing, but it wasn't his money. Brokers also lose sometimes, you can't be always right.

$100 is impossible as long as Bitcoin is working as a currency and store of value. Based on simple market research and human psychology you will never have a live asset go back down to almost nothing because for that to happen you'd have to persuade people to sell for 1% of what they paid for it.
Think about it for a moment. You've paid 5k USD for your Bitcoin and it's now back at 5k, you'll be willing to wait hoping that it's the bottom and it won't be a loss for you.
When it goes down to 4.5k many 5k buyers will sell, but there will always be a small number maybe 10% of strong holders willing to wait it out. You will have them at any level and their number will grow as the price goes down. at 3k you'll have at least 20% of people willing to hold and wait it out, 40% at 2k, at 1k it will be impossible to stop the reversal as more than 50% will be ready to risk holding an asset that lost 95% from its ATH. At this point going below 1k is impossible without a total failure of the bitcoin ecosystem.

I thought you democrats were against death penalty.
https://www.sfchronicle.com/politics/article/Nearly-all-Democratic-candidates-oppose-death-14001708.php

You're going to get an unpleasant surprise when he gets reelected

That is only if you believe in TA. The way I see TA is that it's a picture that anybody can draw on. What you draw others will see and you can change what you're drawing by stretching and contracting the base layer. Some people see something happen on 1h charts others see something else on 4h and some other people only look at 1d and draw lines there. The truth is that you can draw almost anything you want on Bitcoin charts. You can draw clouds, resistances, channels, harmonics, and the chart will look different every time. A bear you can make it look bearish and a bull will make it look bullish.

Example? If you look at all time Bitcoin it's bullish, 5 years? Bullish, 3 years bullish (1k-7k), 2 years bearish (20k- 7k), last year bullish (3k -7k), last month bearish (9k-7k), and if you take the last 2 days you can have both bullish and bearish TA based on what has happened.

Not really. It's not holders that are selling but traders. Holders are buying. I bought some today and am officially out of fiat money. The price is not the indicator of value. Check what part of the total supply is being traded, you'll be amazed how small it is. What you see as the price is based only on less than 10% of total supply.
The price you see on charts does not equal value.

Bitcoin has the ability to double its price in a day. There's so little BTC on exchanges that one rich guy like Jeff Bezos would be able to take us back to 20k in a single trade, the liquidity is just so small with almost no orders at +/- 30%. 50 million USD and you're breaking through the first wave of sell orders and then sky is the limit.
You can have a flash pump candle to 20k in an instant. And there all the shorters get squeezed and go in following your lead and boom you're at 25k

I say this is FUD again. I was there watching it happen in 2015 and they had a strategy of releasing "breaking news" about china banning Bitcoin every 2-3 weeks and for months it was lies and lies, over and over. Ultimately, after about 8 months of FUD China denied banks from serving exchanges, but they did not ban bitcoin or mining.
I wonder why there are so many college professors creating worthless papers about Bitcoin being centralized, or Bitcoin being bad for the environment, but nobody cares to track down and expose those FUD telling social media accounts from China.
We have so many new people in the space who don't really remember Chinese FUD. I wish they would know better and not panic, but it looks like they will have to learn the hard way.

FYI, the official stance of China was negative for the last 5 years. They had no exchanges and they were not recognizing it as a currency! There's no chinese crackdown, because they have already banned it 5 years ago! There's nothing more left to ban besides miners, and they've already said that they aren't going to shut them down.

I've seen worse like men selling their semen, young girls selling virginity, women selling their wombs (they're called surrogates).
You might think there's no demand but the reality is different. Semen is popular among lesbians who want to have a kid "together", rich old guys pay a lot of money for virginity, surrogates are especially popular in poor countries...

How about some advice for the oppressed?
He should add that in the US you can avoid being stopped and searched by the police if you keep screaming "am I detained?" or "am I under arrest?" and that you can avoid legal responsibility by claiming that you're a sovereign citizen.

BTW, watch some sovereign citizen arrests on youtube.

Why are you trolling instead of addressing people's responses? You gave us your opinion and many people here attempted to answer you, thinking you simply are confused and can be corrected, but you're proving that this is impossible. You show a typical troll stance which is based on 2 points:
1. ignore everything people tell you because you have no arguments to counter them
2. repeat the same thing and laugh at other posters

Bitcoin went from 3k to 14k and then 7,5k over the course of a year. A bubble popping means that an asset goes from a very low value to a very high value and back.
Why you're wrong?
3k is not a low value
14k is not a very high value, still 30% lower than the ATH
going back to a higher low (which would be 4k or above) is bullish

Bitcoin is down 60% from its ATH and this historically has always been a great moment to buy. Never in history of Bitcoin was there a time where buying at 50% of ATH would be unprofitable. Even if you bought at 10k in 2018 you'd still profit when the price reached 14k this year.
The number of people interested in Bitcoin is growing every year and the only thing that puts negative pressure on the price is FUD. A great example of FUD is yahoo finance publishing Chinese president's speech from last year and claiming that it's his newest stance. I pity people who react to such news. 

I have to agree that prison food in many countries is better than hospital food. I saw the menu and they even had fried chicken on holidays, things like pizza day and such while people in the hospital have to eat jelly all the time

I wasn't referring to any particular meme but the way people in Rome would have reacted after seeing that sodomized lover walking with a fish sticking out of his butt.
Anyway, hope this satisfies you.
https://img-9gag-fun.9cache.com/photo/a44O4ry_700bwp.webp

The majority is in it for the money and short term profit.
I always explain these moves to myself like this:

With every pump a group of investors come in. There are 3 types of them from the largest to the smallest fraction.
1. Newbies who don't know what they're buying. No experience in trading or some experience derived from forex and such.
2. Traders who are in it for some time and just want more fiat money.
3. Long term traders and holders.

The first two groups get out as soon as there's some red on the charts and group 1 basically gets raped by the market and exit with a loss, while group 2 profits from the loss of group one and/or exits with a small loss.
When the dust settles only the third group is left holding. Those people don't profit short term, but do profit every cycle, so they get big boost every 3-4 years.

You can see it on the charts. Every cycle ends with a higher low from the previous one and I believe this small bull run of 2019 will also end the same way, stopping somewhere at a low of 5-7k USD, producing another long term higher low along the trendline.

It's possible that in 20 years Bitcoin will be worth as much but the only way for it to happen IMO is if the dollar hyperinflates.
Think about it, BTC will be w0rth 10 million USD but you will have to pay a million for a cheap car. It will more or less be the same as BTC used to be at 20k per coin, just the value of the USD will be a couple times lower. There's at least 30% chance something like that will happen in future. I don't believe USD will last in its current form for another 50 years. It will either be reset, like they did in Belarus, Poland, and many other countries, or it will cease to exist.

Oh yes, we are all paid because to brainwash you. We sit here in our comfy office spaces surrounded by hundreds of other trolls like us making up stories of decentralization and freedom, just to make sure a newbie puts his piggy bank savings in from time to time. Don't forget, we need your fiat, every dollar counts, even if it's a dolar from Zimbabwe.


It's much harder to create and improve the first design than change the application of the existing design.
It can take much more than 40 years to create a chip out of nothing when you don't even have a machine that can assemble it.
They already had companies producing chips for the mainstream industry. All the assembly lines working, that just needed to be reprogrammed to make mining asic chips instead of the ones you have in your graphics card.

When people are too close minded to understand something they always come up with those conspiracy theories to feel better about their own stupidity.

-It's not my fault! It was the higher power! Those rich people, the Jews, the masons, the CIA, they made it to control us.

I sometimes do, for fun. It's exciting to see what other people see in their crystal balls.
The thing with TA is that before it happens TA can be reshaped to show what you want it to show and once it happens it can be shaped to prove that you were right.
I also like TA because when you see the majority waiting for something to happen it doesn't happen. Like when we were falling below 500 USD people were saying it's the end of Bitcoin and that we're going to 0 now, but we didn't, just like last year people were saying we're going back to 1k and we didn't.
You can quote me on it, but I believe we're never going to see sub 1k again. This is all the TA that I need.