Bitcoin difficulty change: 14.88%. This is big!  A bit bigger than the June 5th change, which was followed by a drop from 7600 to 5800. I thought difficulty follows the price usually, but not vice versa. We're going through strange times, where difficulty goes up and price goes sideways. There might be some trick performed by hashrate monopolists to cut out the small fish. I mistrust the recent statements about transparency of shipping made by some miner vendors. Call me ill minded if you please. |
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Funny how either scenario could still reasonably play out (that is 1) early 2013 scenario or 2) late 2013 scenario).
Honestly, not even my sophisticated SOMA prediction engine has helped me any in figuring this one out. Like most of us - and you in particular - I'm just trying to set myself up to fall on my feet in both cases of up and down. Sideways would require no special preparation, at least in my case. Maybe that is how a bull slowly transforms into a bear, or goes roach, or BJA?
or turns into something totally different.. .like a bulldog?
When the world realizes it's the joos, bitcoin will go to zero because a permissionless digital token can't even exist. Silver will be the only thing guaranteed to keep its value. Woof, woof! Ahahahahaha.,....... Looks like an admission to me. More like an exercise of style ;-) Yes, it could take another 3 months to play out to see if one view is more correct than another, or it could take another 3 years.. holy fuck.. hoping that it will not take another 3 years, but it is not an unreasonable (even though seemingly less probable) BTC price dynamic playing out.
I sure hope it's not going to be 3 years. Honestly, I doubt it will, but what do we know? |
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Don’t believe the hype. It was never going to happen.
Buying opportunity of a lifetime coming. Patience.
+1 WOsMerit. You alleged bitcoin bulls, seem to be hopium for something, and suggesting that there is some kind of certainty. No certainty here, but for me it wouldn't be bitcoinish to go past 10k without another plunge. Possibily harder than the recent ones. Maybe that is how a bull slowly transforms into a bear, or goes roach, or BJA?
or turns into something totally different.. .like a bulldog?
When the world realizes it's the joos, bitcoin will go to zero because a permissionless digital token can't even exist. Silver will be the only thing guaranteed to keep its value. Woof, woof! Get the fuck out of here with your nonsensical metamorphical theories  |
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I think the key to look for (I haven't been paying attention enough to the new ETF to know) is, if the CBOE is trying to change the rules in the same way that Winklevoss ETF did. Which they require some safeguards to manipulation according to their shit response.
They said that they would approve something with existing futures markets if "an ETP listing exchange...demonstrates in a proposed rule change that it will be able to address the risk of fraud and manipulation by sharing surveillance information with a regulated market of significant size related to bitcoin"
Is this what CBOE is doing?
The point is there is not yet a regulated market of sufficient size. Give it a couple of years. Then moon. I'm glad I can't run out of WOsMerits. +1 for Hairy, again! |
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Don’t believe the hype. It was never going to happen.
Buying opportunity of a lifetime coming. Patience.
+1 WOsMerit. |
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 Shorters are you ok? I am OK, thanks. Still in the green. I won't get even with my play money until the corn gets to 18k. In which case, I'll close the position with a curse on my lips and I will get some consolation from the corn I've already put away in this down move, not to mention what would happen to my main stash. Sounds like too BIG of a bet to me, but what do I know about playing with margins? Not too much, except that chances for getting Reckt, increase considerably. They do, but I was careful and lucky. As a result, my current position is such that I won't lose my latest gains until bitcoin explodes to 18k. If it keeps going down, it's additional profit. For clarity: I am a bull. A long term bull who knows bitcoin is a stormy sea. Because of my bull soul, I'm accounting profits/losses in BTC. Of course, if it goes down to 150$ I will gain disgustingly in BTC, but lose a lot of fiat value overall.
Let's get real. $3k is a stretch at this point, no? Doesn't seem very realistic referring to REALLY GREAT outlier cases that have about a snowball's chance of happening, right? Right, of course. I just put in a totally unrealistic number to make an example. |
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Posted less than 24 hours ago: Concept only - not to scale.  Chart now. Its a sucker's rally, unless an ETF is approved which is highly unlikely.  I would place a little bet on a weekend warning. But I might be wrong about weekends - they're phasing out weekend dumps lately. |
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On point. Subject: SR-CboeBZX-2018-040From: AnonymousJuly 11, 2018 I just want to say to please approve this ETF so that my Dad can buy bitcoin on his own and stop bothering me every month to buy it for him. This would make my life much better if he can do this on his own in his Charles Swabb account or something. Just sayin! Thanks. "Baby boomers, most of which clueless", I said, or something to that effect. I could have added "but some of their children do have a clue". By the way, I think it's more or less the same with Generation-X people. Millennials are more tuned in. |
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Shorters are you ok? I am OK, thanks. Still in the green. I won't get even with my play money until the corn gets to 18k. In which case, I'll close the position with a curse on my lips and I will get some consolation from the corn I've already put away in this down move, not to mention what would happen to my main stash. I still hope to close the position on additional profit, though. We'll see. For clarity: I am a bull. A long term bull who knows bitcoin is a stormy sea. Because of my bull soul, I'm accounting profits/losses in BTC. Of course, if it goes down to 150$ I will gain disgustingly in BTC, but lose a lot of fiat value overall. |
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target 4700
No soup for you Maybe mean’t 7400 nope I think we need one more gut wrenching drop to put in a credible bottom. A failure here at 68...... That's what my gut still tells me, even as we passed 7k. Don't relax. |
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Are you assuming that we need "one last BIG correction"?
I'm not assuming that much, but that's what my gut tells me through... well, that's advanced SOMA stuff I'm glad I followed my gut by shorting. I managed to stash some away and with this little climb I'm still well in the green even with the play money I left on the table. My final point, however, was the admission that for all we know, the badger might well not give a single fuck what we or anybody else thinks or feels. |
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(quotes sprinkled with snippity snips) yes i think it will fly to the moon but not with this rise, there are some sign of a giant rise and we are far from it now, so what will happen next month is an intermediate loop becoming from mini loops, it may rise to 8-9k then fall to where it starts.
if it moves steep it is suspicious for me. again alot of people hunting news for an acceptable reason to that rise but it will end just like in july and this time intermediate trend may end in below the last bottom. But for a short time you can enjoy with rise.
I fundamentally agree with this view. I'm not sure we are due under 5k, but a steep, grim fall is ahead. We really need some capitulation to call it a night - at least in the form of vanishing volatility. I agree with an assessment that consolidation tends to be accompanied by decreasing volatility, but in the end, we cannot ever really know how long the consolidation period is going to last and at what point the price is going to be pushed out of the consolidation range - so in that sense nothing is inevitable in bitcoin Indeeed. Eventually, everyone here will be sure we're moving into the last big correction. When that happens, the badger might find it appropriate to go off skyrocketing without giving a single fuck. |
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I went far from the WO thread to read that comment. I was scared out there. I found the post. Resurgencing topic again because same think is happening, price is rising and everbody is hoping that ti will fly to the moon, yes i think it will fly to the moon but not with this rise, there are some sign of a giant rise and we are far from it now, so what will happen next month is an intermediate loop becoming from mini loops, it may rise to 8-9k then fall to where it starts. As this topic opened nearly nobody believed what i said only %10 of users seems supporting but it was obvious for me just like now. Manipulator is convincing people that price is rising with steep moves, free market can rise but not like this, free market should rise slowly , if it moves steep it is suspicious for me. again alot of people hunting news for an acceptable reason to that rise but it will end just like in july and this time intermediate trend may end in below the last bottom. But for a short time you can enjoy with rise.
If you wonder how a giant rise come it simply come after volatilty ends and it took months to convince all investors to it will be historic , so dont expect too much thing from volatily.
I fundamentally agree with this view. We're still deep in some big player's games. There's this move away from Bart Simpsons into a slightly different pattern, but it's only apparent on shorter time frames. I'm not sure we are due under 5k, but a steep, grim fall is ahead. We really need some capitulation to call it a night - at least in the form of vanishing volatility. All strictly SOMA, it goes without saying. |
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... or is it really BlackRock, as some sources in the MSM say? If they're really checking out Bitcoin, as the rumor goes, we can bet our collective asses that we're due for another plunge. It's Conspiracy 101: they like their coins cheap. The danger is, if that does NOT go thru...the price, again IMHO, will dump below 6k again
be cautious
brad
This applies even if it indeed BlackRock. Not that it matters that much. |
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So guys, after reading a bit aroud this incoming ETF thing, I didn't decided yet whether this event will pump or dump the price!
I think that if an ETF should be approved, which I'm not too convinced of right now, it could be a mixed blessing. Depending on its rules and its effective audience, it can turn out to be a pump&dump machine for the elites or a retail instrument for mom&pops. The first route could lead to more turmoil, chaos and mainstream scorn. The second route could help bitcoin become what it was designed to be. I'm thinking of mostly clueless baby boomers who could embrace an instrument promising exceptional growth and listed on the "normal" channels. This would lead to universal recognition, and in turn wider adoption. Admitting some form of ETF is eventually approved, which way will it go? Hard to tell. Verifying a fund's financial solvibility/consistency is a trivial matter, given the way the blockchain works. Verifiable pubblic addresses require virtually no auditing. However, as said above, the SEC guys are likely just bureaucrats at heart, with a vulture tinge on the side. So rather than certainty of collateral - which is trivial to verify as we all know - they focus on the (in)stability and manipulability of the underlying market - which as of today, is still a hard to deny reality. We are facing interesting days for sure. And months, and years. |
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Gratz on heroing, Hairy! I've missed the exact post - too much going on too fast here.
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Does that mean "Ignore anything outside of your backyard and lead a happier, more meaningful life"? That argument doesn't seem too relevant to the studen loan issue (except for the peculiar quiz show prize). I'm not sure I follow. BTW, as you undoubtedly know quite well living on the older side of the Pond, in most parts of the world public education is reasonably effective and free - or priced outside of the debt-inducing threshold (yes it means subsidized). Extortionately priced education is an almost exclusive feature of the "land of the free". Intriguingly, you once said you prefer an essay to a video, or similar, but it seems you are not entirely impervious to the 'graphic revolution'. Nor am I. You're right on essays vs videos. Impervious to graphic revolution - of course not. Who is or can be, nowadays? Meanwhile the universities, funded by whichever local scamola or chumpatron, are not teaching anything of any value to the students themselves. Anything that might combat the visual fog of today's virtual slave empire. I agree universities are becoming irrelevant to real world training - with a few important exceptions. This looks as a serious case of stupidity. So how is it connected to our discussion? Because it shows "proper" education wasn't able to drill any sense into the dumb tourist's head? Here I've made 3 or 4 assumptions, but they stem from how I see the world, and I beg you to start looking at it more critically too.
I'm all for critical thinking, and try to exercise it when I see a chance. About the specific topic of student loans, universities, and so on, a good perspective on education is essential to get a glimpse of where we're going to a few years from now. That's why I'm interested in your point of view - but I still can't see what you're pointing to (if you're actually pointing to something). Or am I lost looking at your finger? Please be more explicit if you can be bothered (and I would excuse you if you can't). |
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I havent seen any rockets or upward graphs in a while. The poll is bearish. Is it time for a reversal?
Not yet, Tera. A fun weekend is already brewing, can't you feel it? |
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