Looks like it might be time to take the gloves off with this guy, he has become toxic.

when does fakeout become breakout?

shorts supercharge breakouts ...

looks to me like 340 will get tested today.

They are also like "Blockchain shares" ... bitcoin has elements of all these legacy assets, currency, commodity, bearer shares, time-locked trust funds, limited tradeable data and none of them at all. It is something entirely new because it is a novel technology.

You cannot describe it using terms of art from the old paradigm. Why do people persist in the futile attempt of trying to put it into a box of their old framework of thinking.

It's bitcoin, something new as an asset, deal with it.

WARNING!!: your fiat money has been deprecated, please upgrade to Bitcoin.

arbs can can only move so much from one side to the other before their funding gets exhausted .... then they need the arb to go the other way to move the funds back ... seems like moves like these and weekend fiat transfers have exhausted everybody.

how did your 258 short work out btw?

be careful, this thing looks evil .. swept all the noob stops and then heads higher to wipe out all the new shorts again.

when bitcoin starts going up it never goes up a little or in a slow steady rise, never has and probably never will, until it stablises at some much higher value.

check the graphs from 0.02 to 0.20, 0.09 to 0.75, 0.5 to 2, 1 to 30, 2 to 266, 30 to 1200, ... never has gone up by a little or slowly, that's the historical fact.

still targetting 340 ... but with these frequent healthy pullbacks more conservatively 340 now. Breakout could take us to 360-380 on a wave now.

290-300 looks like a lock ... 340 still target.

ponzis and pyramids are uniquely different animals although share many of the same features and incentive structures. A ponzi normally has a single actor or small group coordinating the scheme and profiting directly from the administration and the pyramiding effect of value flowing to the top. A pyramid is like a wave that does not necessarily have a central figure or figures that perpetuate the scheme but can take a life of its own until it burns out.

Most monetary systems have features and incentive structures not unlike pyramids with very long life time scales relative to the earning life time of a human. In some sense they are like life and fire, they will be in existence until they have served their useful purpose, consume all available resources or burn themselves out. And just like fire, small ponzis can start and feed into bigger pyramids that in turn even set ablaze, new long-lived monetary systems.

tarmi's still holding that 258 short? ...

there is no long or short in bitcoin ... you are either in bitcoin or you are out of bitcoin.

That's just money.

... next 4.3 years are critical.

How many people committed suicide (or were thrown back into abject, inescapable poverty) when the Brazilian command and control fiat monetary system last collapsed (for the umpteenth time in a row)??

wonder if troll tarmi's  $258 short is still holding strong?

I think the breakout move off a 280 base will be rapid and targeting 340 region.

280's a lock ... breakout wont be far away.

... did I hear the word "cultist"?