|
Nice trend for the moment, but volume is still so-so. I'm still a bit skeptical.
|
|
|
|
BLOOMBERG: Bitcoin Heads Toward $7,000 as Pain Returns on Gloomy Technicals
Since failing to regain the psychologically important $10,000 level on May 4, it has closed lower in New York in 12 out of 17 sessions.
Wait what? Bitcoin closed? New York? Sessions? Are they talking about futures, or does this editor just not know what he is talking about? I think it's the editor. |
|
|
|
The next 24 months are extremely critical.
You kid, but amusingly enough, I just got back from a meeting with the new local dudes taking over my portfolios since I moved. ((( They ))) are pretty much saying the same thing. The next two years out are looking pretty gloomy according to all the charts, graphs, and shit they rolled out for me to eyeball. Dude is getting me set up with some senior analysts here to start looking into a possible portfolio rebalance, and we'll see how things pan out. I'm not worried at all as I'm hedged both ways; both in crypto and fiat, but, seems like it's time to pucker up and possibly get ready for some choppy waters. You need a third foot. Get some physical gold too. Yes, probably missing the third foot. I don't think he's THAT well-hung. |
|
|
|
|
The spike above 7.6k wasn't too short lived, but it still feels like an ephemeral bull trap. Or is it? The rebound down wasn't too decisive, either. We're still hovering around that 7.2-7.3 area where we've been more or less all the time recently.
Just DON'T POKE her with a stick right now!
|
|
|
|
During my wait I mentioned bitcoin as being a much faster and easier transfer system to the clerk. She said, "Bitcoin? Is that really a thing?"
No, it's just code. |
|
|
|
I noticed something on this thread.
The big and medium bitcoin stacks holder that are posting here for years turned to be talking like this now:
1/ When bitcoin is dumping very hard = they post about bitcoin price in a very conservative bearish mode + less
posts.
2/ When bitcoin price pumping = like the rich peoples on gala charity they talks with good manners about weather, kids, vacations... The rich bitcoiners here talks very hard about jews, then silver, then jews, then silver.. and other bullshit topics ( thats the good manners of the rich bitcoiners).
The other day, we had a family talk, wife and kids all present, about where we should go this summer. While we were talking, we had a little snack - the usual lobster and fizzy wine thing - and the sun was shining as if it were early summer already. So the mood was just right to discuss our summer family vacation. My wife had the sense to mention we should pick a place that isn't full of Jews. Our champagne didn't taste as good in silver goblets as it does in plain crystal glasses, though. Oops, going down again? I should shut up. We're headed sub-1k soon. |
|
|
|
(snip quotes)
The first big enough long that gets rekt we're in for a few domino ripples.
... or short. |
|
|
|
Will this be another dead cat bounce, is the question?
My gut says "Yeah, this is another dead cat bounce, and we'll be plumbing $6,500 by Friday" I hope I'm very very wrong. Reanimated cat maybe? Nah, it won't last anyway. I believe we're still headed down, but not terribly so. You'll have to skimp on your lifestyle for a few months, maybe. Which means - easy with that 500$ whiskey. Stick to $10 beers and $40 wines for a while...  |
|
|
|
God Fucking Damnit...
We're going under $7k USD/BTC... Aren't we...
SHEEEEIIIITTTT.
<thefuckisgoingon.gif>
About to call up Grichka and threaten to give him the 'ole what-what, if you know what I mean...
Volume keeps increasing, I'm not sure what this really means but we're holding a bit at $7100. The first big enough long that gets rekt we're in for a few domino ripples. |
|
|
|
Someone should make that gif, where it gets redder the more you play it , I'd be impressed, lol
#random: I was actually thinking of loading this up into Photoshop and seeing what I could do about increasing the redness of the imprint, but, admittedly, I have zero experience when it comes to editing animated .gifs, followed by the thought "Rick is gonna have questions if he walks into my office while editing a jiggling female ass..." #gayworldproblems I could do that easily but my wife and daughter are sitting with me and I'm pretty sure I would have a similar issue with the jiggling female ass  #universalproblems You mean if it were a jiggling male ass you would have no issues? #jigglingproblems |
|
|
|
I think we're headed slightly under 7k within the week. Then maybe a little lower. Not as low as the 2k-3k I've seen mentioned here, though. How do I know? It is a SOMA(TM) prediction, of course!  Straight Off My Ass(TM) Analytics Almost completely wrong, almost all the time! |
|
|
|
Damn when is it gonne stop?
Dropping fast now...
Someone with charts how things looking for now
MasterLuc does not think it looks good... Why is Bitcoin there? At bitcoin, everything is bad in the mid-term. In the week-long picture, you can see yourself - in the negative zone of the BB, the falling ma20 and everything like that presses from above. Where do we fall? On my previous charts, there is a historical logarithmic support line in the 3-4k area, depending on how to navigate. In the area of 2000, we are met by a week-long ma200. I consider the support of this curve to be absolute at this stage. It just can not be pierced. Bear the wind blows to us from Wall Street. There are very clever guys with big swaps, they are shaking the same button in all markets, including bitcoin. This is an exhaustive explanation of what is happening. Once again I say bulls sleep at least until the 19 th year. As it often happens, I think you nailed it. |
|
|
|
bottom?
(Snip: slap slap pic. I won't be caught only cherry-picking chick pics to repost)
Not that I like having to say so, but at the moment it's no use to ask about bottoms yet IMHO. I expect when the bottom comes, it will be with a scream - I'M THE BOTTOM! |
|
|
|
Jennifer could have been a great help indeed. Can you estimate when that voodoo pic was taken? |
|
|
|
I think I read somewhere, don't the major miners employ short contracts to hedge the price?
I bet they do. In their place, I would. |
|
|
|
I'm glad I didn't come across as a jerk. What I would like is see you write a string of satisfied posts about how your trading gives you small but consistent fruits. You're a bitcoin veteran after all. Do you really get rekt every time, bones, or is it just preventive whining?
(You're free not to answer this, of course. It's just a cocky opening.)
I'd try and make the bet smaller relative to my playroll, keeping leverage at maybe 3 tops, 1~1.5 even better. "Going long" can actually mean buying a few cents and stashing away. So can "taking profit." Increasing the amount in the freezer is probably the most hopeful subgoal to gambling with 100% house money.
I mean: you know a few things about retirement and taxes. I'm sure you made a few calculations. I know you understand this magical internet money fairly well, too. Come on.
To be blunt, my finances are a horror story. I truly am REKT. My cryptocurrency portfolio has never been large. We are talking less than 1 BTC worth ATM. It's not a huge start, agreed, but by judicious use of a consistent strategy it could grow little by little. The 2J-ladder thingy, maybe. Or if you just held the hedging short since when you started it, now your play money could have doubled easily. That's what I mean by "consistent". And "judicious" means you would have managed to hold it without getting rekt soonish (with some sweat, granted) if it had been a small amount (like 10-20% of your play bankroll). Also, everyone knows the saying that those who can't, teach. Definitely applies to me when it comes to retirement. I have jack shit saved up for retirement and I am 50. I feel you, man. Sometimes I'm just tempted to liquidate all my meager cryptocurrency holdings right now. However, a part of me wants to hold on for as long as possible because quite frankly, it gives me a little ray of hope that maybe things will turn around, and I can delay the looming bankruptcy filing indefinitely.
Are we joking or what? Chin up and HODL! I will probably regret this posting, since I have bared all to practical strangers. Oh well, at least it was a little therapeutic to have my own pity party.
No names, no pain. And you got yourself off the target list as well. It probably isn't all that bad. |
|
|
|
|
@TERA2
I think I surely don't have anything to apologize for, amirite?
|
|
|
|
|
Do you really get rekt every time, bones, or is it just preventive whining?
(You're free not to answer this, of course. It's just a cocky opening.)
I'd try and make the bet smaller relative to my playroll, keeping leverage at maybe 3 tops, 1~1.5 even better. "Going long" can actually mean buying a few cents and stashing away. So can "taking profit." Increasing the amount in the freezer is probably the most hopeful subgoal to gambling with 100% house money.
I mean: you know a few things about retirement and taxes. I'm sure you made a few calculations. I know you understand this magical internet money fairly well, too. Come on.
|
|
|
|
|
I don't think i will be that late. Adoption, LN progress... that's real value.
And then there's the halfening. Not that late, definitely.
EDIT Seems like the three of us - Dakustaking, bones and myself - have a problem wih our T's.
|
|
|
|
Blah blah
Do US dollars have a hard cap? No.Do US dollars have a predictable issuance schedule? No.Do Chuck E Cheese tokens have a hard cap? No.Do Chuck E Cheese tokens have a predictable issuance schedule? No.Do Bitcoins have a hard cap? Yes.Do Bitcoins have a predictable issuance schedule? Yes.Therefore it is either stupid or disingenuous to lump Bitcoins in with these obvious scam projects like US dollars or Chuck E Cheese tokens. Blah blah centralize blah blah And exactly how is switching to gold and silver bullion going to get the government off of our backs? Wouldn't the governments and the religious leaders end up getting a substantial portion of the gold and silver, anyway? Wouldn't they then use the gold and silver to raise up armies and bully the rest of us into handing them even more of our gold and silver via taxes and other forms of extortion? Bones, you too still quoting him-who-must-not-be-quoted?  |
|
|
|
|
Show Posts
