Broken record!  DEAR GOD! Please allow me to take away point from fudsters!  Haiku for Tony At $600 sold His angry rants soon get old Just a salted cod. The linked article makes some sense, though, at least for me. I don't have to like the situation depicted there, but the author appears to have done some research and underpins the point with supporting (circumstantial) evidence. Preparing for different possible scenarios does not necessarily mean being a party pooper/fudster/shill/troll/whatever. |
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Well it looks like we are are fucked.
Breaking news, the UK has stated they are going to ban cryptocurrency.
Source? The National Lampoon, April 1st edition? The Pound Sterling is fucked as it is now anyway. |
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What tells of manipulation is the weekend dumps. If one wants to get the most money for his coins he would not dump when fiat influx to exchanges is closed. But from now on the price is starting to become attractive for perspective buyers, and the more will be the more they crash it. Coins at $5K look like a 4X easy, at $3K a 7X, etc.
+1 WOsMerit Sorry I'm paying you in alts, but I'm keeping my last precious sMerits for worthy newbies, juniors etc. Not for legends until I have a few more.  |
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If they print money to feed their short positions then we print tethers to feed our longs.
Problem solved. Fight fire with fire. Fuck all.
Thats why the exchanges need a conclave. They need to devise a plan to stop those sharks. The exchanges feed on scraps from the sharks. Not gonna happen IMO. Any realistic counter action should assume the exchanges are neutral (optimistic view) or hostile (more balanced view). |
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Bitcoin has a secret weapon, it is call scarcity! Take those coins away from the market and they will need to pump it again to shake the tree.  Not when they can provoke a massive panic selling, making the price drop to uncanny and unimaginable low levels. Remember, they can print fiat money out of nowhere and at any time. Fiat money for them is infinite, and that's where most people base their perception of value. The ensuing crisis from so much printing will be blamed on crypto, prompting legal persecution against it. They were able to manipulate the price to below 8k in a matter of months. And this with only 10% of volume in the exchanges, the rest locked in personal wallets. The solution is for the exchanges to create a private conclave and put a stop to it, blocking any trade below the mining value, with full authority and in a very artificial and biased way. This should be a international private conclave to protect crypto against the sharks from the banks and governments. If they print money to feed their short positions then we print tethers to feed our longs. Problem solved. Fight fire with fire. Fuck all. It sounds nice and it can be a partial remedy, but the situation is asymmetric. Not to say your point has no merit, but freshly minted tether needs to be backed by fiat. Is it? Is it not? FUD FUD. Inquiries. FUD FUD. Audits. Walking a thin line, with regulation possibly disrupting any tether based counter action. Central bank supported action, on the other hand, doesn't really need any backing to print more fiat. It's a bit like swords against cannons. The swords have to be plenty, and the action has to be close as in a melee. There is another asymmetry, though, in the favor of swords. Scarcity, as RayX12 and fabiorem, among others, just suggested. It's like having a sloping battleground, where the swords have the higher position. This limits cannon reach and makes it easier to have quick runs at the enemy firing the cannons. It takes a lot of patience. |
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My SOMA Prediction(TM) for the day.
Based on highly scientific hunches, sophisticated 4-dimensional technical analysis, barbershop and shoeshine boy brainstorming, and mainly on carefully extracted rectal material, I feel we will briefly kiss 6k. On Tuesday, some of the blood will get cleaned. Just some, though.
Straight Off My Ass Analytics - Mostly wrong, most of the time!
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Herewe go. Another shove down.
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While its obvious we are in a bear market,
Really? Bearwhales will run out of ammo soon and we'll climb back up to at least 5 digits. Then around June-July we'll see a new ATH and we'll moon in October-November or so.  I think bearwhales play in fiat-settled assets (paper claims on actual bitcoin), as yefi recently suggested: When bankers run the world behind the scenes controlling the laws and the money printing presses they can own and control anything they wish too.
Bitcoin isn't a problem you can print your way out of. All it will achieve (or all it has achieved) is to make the believers richer and more resolute. What they want to do is divert money away into paper claims on bitcoins - but they're going to face difficulty on that front. If so, they won't "run out of ammo" as long as they can print their ammo. That's why I think the only way to disarm them and let the market run as unencumbered as possible is to have bitcoin-settled derivatives (futures, options, whatever). If and when these become dominant in the derivative market, whales will need to get themselves lots of coin before playing any game, or they will need lots of lots of coins after playing a game and losing it. (I'm not picking on you, serveria. On the contrary, your posts offered me the most inspiration for a reply.) The only way to disarm them is to BTFD and HODLCRAEFUYLLY! Nothing else can shake them out or this game. Unfortunately it's not possible as there's still a lot of weak hands, panic sellers and most notably miners who need to sell regularly for a living.... That's why hodling might be enough for self peace of mind, keeping losses low and providing happy returns. But it's not enough to stop the powers that be from playing their game, even if they are low on coin. If they do have coin, fair enough, they can try to do whatever they like, as far as that coin changes hands when things go against them. If they don't, they can still use the fiat in their deep pockets to do the same, without any practical medium-term limit. Just print more if/when needed - ok, right, it's "when", not "if". The only way to have a playground that is as fair as possible is to ban fiat settled paper coins (derivatives). Not happening any time soon - or ever - I know. |
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Watching you work is a privilege. Aren't we feeding these smelly creatures a bit too much? |
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Shit how did btctalk know how many coins I had? Must be running some badass analytics.
Wait a minute... JayGuanGee: Politeness: 2280... hahahahahaha
Hahaha! That's when I, too, figured out it's a fourth month, first day adjustment. |
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While its obvious we are in a bear market,
Really? Bearwhales will run out of ammo soon and we'll climb back up to at least 5 digits. Then around June-July we'll see a new ATH and we'll moon in October-November or so. I think bearwhales play in fiat-settled assets (paper claims on actual bitcoin), as yefi recently suggested: When bankers run the world behind the scenes controlling the laws and the money printing presses they can own and control anything they wish too.
Bitcoin isn't a problem you can print your way out of. All it will achieve (or all it has achieved) is to make the believers richer and more resolute. What they want to do is divert money away into paper claims on bitcoins - but they're going to face difficulty on that front. If so, they won't "run out of ammo" as long as they can print their ammo. That's why I think the only way to disarm them and let the market run as unencumbered as possible is to have bitcoin-settled derivatives (futures, options, whatever). If and when these become dominant in the derivative market, whales will need to get themselves lots of coin before playing any game, or they will need lots of lots of coins after playing a game and losing it. (I'm not picking on you, serveria. On the contrary, your posts offered me the most inspiration for a reply.) |
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I wish there were fewer cash settled derivatives and more coin settled ones.
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I'm with Hairy on this one. Volume is too wimpy yet. Saturday night might be ugly, uglier than many of us think.
A few posters have been busy setting up a doom scenario for this weekend. I think it's a ruse Doomed is who doomed does. Ugly or very ugly does not necessarily mean doom. Maybe you missed the implication. I sure did. What were you meaning? To be clear. Based on nothing, admittedly, you think Saturday _might_ be ugly. Not only ugly, but _uglier than we think_. I'd ask you to explain, but you prefaced it with the fact you pulled it out of your ass. I'm not trying to put too fine a point on this. I'm supposed to be retired. Ah I see what you mean now. Are you the Mayor's house elf by any chance? Yes I'm based on nothing objective. My TA is built on shakier ground than most other analysts', which is quite a feat. But the volume is too low to make any movement meaningful. My manipulation antennae twitch. Besides, I'm not the only one thinking we must revisit the recent low area before we can break out again. It might take years, though I don't think so. And I don't believe in the $3k-4k again story. However, high 6k's is not low enough IMO. That's what I mean by "uglier than many of us think". The suffering isn't done with yet. And this Saturday is as good as any other for a little suffering. Probably even better than usual, since next Monday is a holiday in several parts of the world and the prolonged fiat thinness helps would-be manipulators. |
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I'm with Hairy on this one. Volume is too wimpy yet. Saturday night might be ugly, uglier than many of us think.
A few posters have been busy setting up a doom scenario for this weekend. I think it's a ruse Doomed is who doomed does. Ugly or very ugly does not necessarily mean doom. Maybe you missed the implication. I sure did. What were you meaning? |
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I'm with Hairy on this one. Volume is too wimpy yet. Saturday night might be ugly, uglier than many of us think.
A few posters have been busy setting up a doom scenario for this weekend. I think it's a ruse Doomed is who doomed does. Ugly or very ugly does not necessarily mean doom. |
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And he also talks about ladders in another video - for staggered entries, though. Nothing like the 2J-ladder. |
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I'm with Hairy on this one. Volume is too wimpy yet. Saturday night might be ugly, uglier than many of us think.
But of course this is another SOMA prediction, guys! No need to worry!
Straight Off My Ass predictions - Almost always wrong since 1998!
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"Dear valued customers, We will close all the trading pairs in BCH market of Token Trading at 18:00 Mar 30, 2018 (Hong Kong time, UTC+8) due to inadequate liquidity. For better management of your funds, we recommend you to cancel your pending orders as soon as possible or our system will cancel them all at the closing time. Thank you for your understanding and we apologize for any inconvenience caused." https://support.okex.com/hc/en-us/articles/360002258531OKex appears to be bcash's highest volume exchange. Goodbye BCash shitcoin. We hardly knew ye. But but... block size... highway... |
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