So It was hot as hell last night and I decided to go outside, naked, to cool of (I live in the countryside). It so happened that I walked in to my neighbors old corral and what I thought was just high grass was also nettles. I stung my legs, butt, and Helmuth and the glockenspiel, I have had a trying night.
just learned the name is " Johnson". amateurs.  |
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There will be no taping, pulling or rubbing of neither my Helmuth nor my glockenspiel, thank you. But thanks for your input.  Edit, What's doc leaves? Not sure about your country but in England they are a broad-leaved plant that grows near nettles that contain a chemical that soothes the pain and itching that nettles cause (the 'doc' is short for 'doctor', I believe). Hmm. Just looked and it's "dock" leaves and apparently they don't actually contain anything, it's just the rubbing action that helps. Well shit, there's another piece of my childhood gone  I guess you could make some nettle tea. Brings a new meaning to teabagging. Edit: Apparently alkali substances can help with the nettle stings. Looked it up. Have seen it countless of times but never new it's name, apparently it's "Tomtskräppa" in Swedish, weird name. It sems to have a weird name in many languishes, in German it's "Stumpfblättriger Ampfer", I bet no Germans in here knew that. native speaker says it is " Sauerampfer". but without a pic it can be almost anything. EDIT: no it's not. Arriemoller was right. it is " Rumex obtusifolius" in German " Stumpfblättriger Ampfer". but looks to me the same as the other one. |
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That elevated volume is what makes me excited, no matter if next move is down or up.
who? when? where? you mean the Futures on Binance? not less than 500k BTC per day.  |
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 Richard Demille Wyckoff (1873–1934) was an early 20th-century pioneer in the technical approach to studying the stock market. He is considered one of the five titans of technical analysis, along with Dow, Gann, Elliott, and Merrill. Wyckoff was an avid student of the markets and an active ticker tape reader and trader. Wyckoff proposed a method to help understand price movements in stocks and the market as a whole: The Composite Man. ”…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.” — Wyckoff |
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around the U.S. open corn was dumped out of the market like sh*t. so some technical oriented guys gave up. looks like more sideways now. rally is delayed because it seems they don't want to have the corn to expensive to still fill their pockets at least until end of August. Proof: yesterday someone posted that but deleted it just afterwards. but Eagleeye was faster. https://www.cnbc.com/2021/06/18/bitcoin-goldman-sachs-ramps-up-trading-in-partnership-with-mike-novogratz-galaxy-digital.html all of that fancy diagonal lines (only the diagonal) are now worthless. but the others not. you damn bastards!  EDIT: Elder says diagonal lines have to much room for interpretations. it seems true. |
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as of now I have no more lines than that below. a simple trend line on the two lows of candles close (4H) and the Fibonacci Fan lines (38.2%, 50%, 61.8%). IMO all lines are valid because there were fights between sellers and buyers on all lines. the weekend will tell if we will have a usual dump at the weekend or not. but if we will go more deeper the second Higher Low (HL) is not valid anymore.  |
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shut the f*ck up! if we need you to make a statement on the current situation you're always not available. |
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you mean the price of it?
For some reason I got a low res shot and couldn't read it when zoomed but now on refresh it has cleared up. Looks like $37,100? if you are an investor it doesn't matter. if you are a (day) trader it does matter but that is the problem of that type of forecast you can find on Tradingview and everywhere. reliable you cannot predict the future if the price will hold at this line or at the other line. there are just probabilities. first I drew an easy Trendline and it appeared that line was to low. therefore I drew Fibonacci Fan lines because it appeared that this lines will fit better. https://bitcointalk.org/index.php?topic=178336.msg57251705#msg57251705now I'm thinking my first easy Trendline was the better choice and I was just to impatient. but who knows?  maybe we will halt on the last Fibonacci Fan line or below. Orderbook (Limit orders) and Time&Sales book (Market orders) will tell.  important is that this Higher Low will be not appear below the last Higher Low because than the formation is not valid anymore. https://bitcointalk.org/index.php?topic=178336.msg57254651#msg57254651 |
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if it turns at the second HL everything will be fine thanks to Wyckoff. L-H-HL-HH- HL Whats that last target point? you mean the price of it? EDIT: it's (one of serveral) LPS points. |
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it is always the same. don't get fooled by the smarter ones. Wyckoff Price CycleAccording to Wyckoff, the market can be understood and anticipated through detailed analysis of supply and demand, which can be ascertained from studying price action, volume and time. As a broker, he was in a position to observe the activities of highly successful individuals and groups who dominated specific issues; consequently, he was able to decipher, via the use of what he called vertical (bar) and figure (Point and Figure) charts, the future intentions of those large interests. An idealized schematic of how he conceptualized the large interests' preparation for and execution of bull and bear markets is depicted in the figure below. The time to enter long orders is towards the end of the preparation for a price markup or bull market (accumulation of large lines of stock), while the time to initiate short positions is at the end of the preparation for price markdown.  EDIT: OK, I understand the issue that someone can claim at: my posts are always from an investor view and not from a (day) trader view. that means I take a look around the 4 hours chart. if you go as a day trader than Wyckoff will also work and we are in a markdown on a 5 minutes chart (e.g.) with an accumulation phase to follow.  |
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if it turns at the second HL everything will be fine thanks to Wyckoff. L-H-HL-HH- HL |
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What now, why price go down yo?
More sellers than buyers? |
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seems OK for me now with Fibo Fans.   |
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Bitcoin
The clever gold
Bitcoin is more than just an object of speculation and an environmental problem: it is a new political movement of radical decentralization.
By Ijoma Mangold
June 16, 2021 DIE ZEIT No. 25/2021, June 17, 2021
For his followers, Bitcoin is an answer to many problems in the world. © Javier Jaén for DIE ZEIT; Andreas Arnold / dpa
Bitcoin's greatest strength is its ability to be intellectually fascinating. You could say: it is the opposite of stupid money. It owes itself to a new technology, but it would be nothing without the ideal energy with which it has fixed the world's brightest minds since its invention twelve years ago. It is a politico-technological idea that has what it takes to sweep the banking system away, give people who have never had an account access to a worldwide payment system, challenge the power of central banks to protect against inflation, in short, the To make the world a better place. "Fix the money, fix the world" is what Bitcoin circles confidently say, because the digital currency is more than just a highly volatile speculative object for its followers (it goes without saying that for many it is too). You don't have to believe these commitments to improve the world, but anyone who wants to understand why the idea of Bitcoin is spreading like fire cannot ignore the utopian embers of the new currency.
Usually it is left-wing movements that are committed to world improvement utopias - Bitcoin is not a completely left-wing project. But it is also not a real project, but is neutral to its political interpretation or use. This may be because a new monetary system, comparable to other infrastructures such as the Internet, is too basic to merge into a simple right-left dichotomy.
Perhaps one could put it this way: There is a more left-anarchist and a more right-libertarian camp in the Bitcoin community. The latter hates inflation and refers in his arguments to the economists of the Austrian School, to Hayek and Mises; The former, on the other hand, hates surveillance and invokes the anarchist cypherpunks who, in their famous 1992 manifesto, saw cryptography as the salvation from total surveillance on the Internet. It was in this environment that the idea of digital money first appeared. The two movements do not live side by side, but have learned from each other and found that the synthesis works well. The anarchists began to deal with monetary theory, the libertarians discovered the utopian fighting spirit. As with dynamite, the combination of two different substances creates considerable explosive power.
To understand the extent of this explosive power, one has to look at the blockchain technology on which Bitcoin is based. The Internet has completely turned the world upside down because it was suddenly possible to send information worldwide and in real time. What you could not send digitally up to now, however, was value, vulgo: money. Because the internet is a copier. When I send a vacation photo to a friend, I will send a copy of the picture. The photo stays on my computer. This is not a problem with photos (information), but with money it is. If I sent it to someone and it was really just a copy, it would cause their value to decline immediately. That is why almost all electronic payment methods that the world knew before Bitcoin, from Visa to PayPal, are always mediated by an intermediary, by a third party who keeps records and ensures that the sum disappears from one balance sheet and the other Balance is credited.
But that also means: We are never masters of our money, but rather entrust ourselves to third parties. That displeased the cypherpunks. Most of them were programmers and mathematicians. This is how the Tor network came about, with which it has since been possible to surf the net undetected. For the entire informational self-determination, that was clear to the Cypherpunks, it also required a monetary system on the Internet that was decentralized and safe from intervention by states and corporations. That was the birth of a dream.
With a decentralized database, how do I prevent someone from spending their money twice if there is no longer a central instance to validate the validity of the transactions? The solution to this problem is the blockchain. It is an ingenious solution and so complex that it unfortunately eludes a brief description. She invented a character by the name of Satoshi Nakamoto, who put the white paper for Bitcoin online in 2008, mined bitcoins herself in the first few years and exchanged views on forums with like-minded people before she retired in 2011 and stopped being heard. The only thing we know because Bitcoin is open source and everyone can see all transactions at any time: Nakamoto has mined around a million Bitcoins. He or she has not touched it since. If he / she were to sell these bitcoins, he / she would be one of the richest people on earth today. But neither the lust for fame nor the greed for money seem to move the founder figure. In Bitcoin mythology one speaks of the "immaculate conception".
In the early days, Bitcoin was supposed to be a payment system. Recently, however, the talk of digital gold has caught on: Bitcoin is primarily seen as a store of value because it is deflationary. There won't be more than 21 million bitcoins, that's anchored in his code. Bitcoin is scarce like gold. It's the digital invention of scarcity. Gold has its value because it is scarce and difficult to mine. This also applies to Bitcoin. In order to "mine" bitcoins, high computing power is required, the energy consumption - this is what the fundamental criticism of digital money has recently focused on - is enormous. One could say: Bitcoin literally recreates the archaic, dirty mining conditions of a gold mine in the digital sphere.
A currency for strong nerves
At the core of the Bitcoin creed is decentralization. Bitcoin is peer-to-peer, a network that has no control authority. The majority of network participants determine what Bitcoin is. That is why it is difficult to attack, for example by governments. There isn't one head that you can cut off to take out the monster - you would have to turn off the internet yourself.
It has been said on the Internet that it follows the principle of "Kill the middleman!". That is only true to a limited extent: It has abolished the old middlemen in order to put the new platforms in their place - Uber, Amazon, Airbnb. Only the Bitcoin really kills the middleman because it is completely decentralized. Bitcoin is a threat to the platform economy.
For Andreas Antonopoulos, one of the most charismatic Bitcoin heralds, Bitcoin is the money of the underprivileged: Around two billion people do not have a bank account and are therefore fundamentally excluded from the global economy. On the other hand, according to Antonopoulos, an old Nokia cell phone is enough to carry out a Bitcoin transaction. And: The World Bank estimates the so-called remittances, the money that migrants transfer to their countries of origin, at $ 700 billion. Much of these transfers go through Western Union, which charges up to 20 percent fees - from the poorest in society.
A currency only for strong nerves
But despite its radically democratic claim, the Bitcoin community sometimes falls into the trap of the personality cult. This is probably related to the extreme volatility: Like all money, Bitcoin is purely fictional, it has the value that people attribute to it. But because, unlike gold, it does not look back on a history of several thousand years that creates trust, nobody knows whether fiction might not burst like a bubble. The nerves are on edge. In this situation, every encouragement is blissfully embraced. When Tesla was one of the first listed companies to include Bitcoin in its own balance sheet six months ago, it was an accolade for Bitcoin and its followers. When Elon Musk announced that you could pay for your Tesla with Bitcoins in the future, you were in seventh heaven. Musk was worshiped like a saint. Except that a little later the flighty Twitter troll Musk "suddenly" wanted to have discovered the ecological balance of digital money and distanced himself from Bitcoin again - a withdrawal of love that led to a veritable drop in the price. Since then, Musk has been warmly hated in the community. (When he was a little friendlier this week, the Bitcoin price promptly picked up again.)
The fact that Bitcoin has become more and more popular over the years has to do with the crisis in the global economy. If you look at the Bitcoin chart, you will quickly see that it runs parallel to the major financial crises of the last 15 years. Bitcoin was invented shortly after the financial crisis, as a response to a corrupt financial system in which the banks made risky bets without being held responsible for the disastrous consequences: Too big to fail - the states crammed the banks out and rolled them over Follow-up costs in the form of monetary devaluation and increasing debt on the community.
In the Bitcoin community, it is therefore not uncommon to come across a politicization biography that is surprising at first glance: from Occupy Wall Street to Bitcoin. Many young people, whose hearts beat for Occupy Wall Street, discovered Bitcoin because they suddenly realized that it was nonsense to believe that more government regulation could disempower Wall Street when in fact the state, the central banks and Wall Street was under a blanket. Decentralized money seemed to them to be the much more precise answer, which demanded personal responsibility from everyone and which could not be manipulated.
Classic left intuition assumes that the concept of personal responsibility is primarily inconsiderate individualism and an escape from the solidarity community. Solidarity is essentially understood as a form of state empowerment. The Bitcoin worldview turns this around: if the state's power to act serves to save banks and devalue cash balances, then state monetary policy is not an instrument of justice.
The powerlessness of the states
That was the moment when a previously left-wing youth suddenly discovered the Austrian school of monetary theory for themselves and recognized a medium of emancipation and freedom in a decentralized monetary system. Friedrich von Hayek had once indulged in the idea of the privatization of money. He knew that was unrealistic, but in the interests of freedom he thought it was at least a nice thought. 30 years after his death, the dream of money that cannot be manipulated by governments is practicable.
You don't have to approve of this combination of ideas, but anyone who wants to understand the Bitcoin movement cannot avoid this tipping point when the social energies from Occupy Wall Street flowed into the crypto-ecosphere. It's a key narrative.
Thinking about money has become a new trend anyway, presumably out of fatigue with too much woke identity politics. At first the new magic word was: MMT - Modern Money Theory. The MMT is a classic left-wing theory that trusts the state with incredible control competence in the name of social justice and sees money printing as the means of choice for a policy of redistribution. Bitcoin is the libertarian counter-position to MMT: From their point of view, the huge sums that the central banks pump into the markets always get stuck in the financial system, only ensure that house prices and share prices rise (asset price inflation), i.e. the already rich get even richer, while the little man has to reckon with negative interest rates and inflation on his savings account.
Bitcoiners use the word inflation with disgust. Because so many authoritarian regimes (apart from China) are inflationary regimes, deflationary bitcoin is such a big promise in countries like Nigeria or Turkey. And so, probably for the first time in history, deflation became the slogan of a rebellious political movement aiming to overthrow the system.
The history of Bitcoin is also a reaction to the monetary policy events of the past decade: When bank accounts were frozen in the Cyprus crisis in 2013, Bitcoin reached a value of 100 dollars for the first time. When Greece had to introduce capital controls in 2015, the Bitcoin cost $ 300. And its most recent rally, with an all-time high of just under $ 63,000 in April of this year, is likely to have been fueled by the central banks' renewed expansion of the money supply in response to the pandemic.
The downside of Bitcoin is the powerlessness of states
Decentralization and personal responsibility are spelled out in concrete terms with Bitcoin: If you forget the 24-word access code to your cold wallet, a digital offline wallet, you have lost your coins forever: No higher authority can help you. If one wants to understand why Bitcoin has mobilized a new political revival movement, this ethos of self-responsibility is crucial. While the progressive new ideas have tended to be left-wing and centralization-friendly (states should restrict capital and control the flow of money and ensure inflation when there are liquidity bottlenecks), the children of Bitcoin are skeptical of centralization. Freedom also means monetary self-determination.
The downside of this self-determination: Bitcoin deprives the central banks of their power to act. He could turn their monetary policy into a blunt sword. Will the states put up with this disempowerment or will they ban Bitcoin? Everything is open. The likelihood of getting rich with Bitcoin is the same as the likelihood of losing all of your money. But the spirit of this idea is out of the bottle for now. The first states such as El Salvador are already making it official currency, while countries such as Nigeria and Turkey have more or less banned it. Many Bitcoiners are already preparing to retreat to the catacombs. For a romantic world saver, illegality is good form. Presumably, however, it will come as it has always happened on earth: Bitcoin will not redeem the world from all evils, instead, appropriately regulated, it will find its existence as a new form of investment somewhere in parity with gold. And maybe it will help central banks find their way back to a non-expansionary monetary policy. Most things in life are dialectical.
Tags
Bitcoin, Elon Musk, Blockchain, PayPal, Wall Street, Computer *Translated with Google Translate
EDIT: added links from the original article |
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something is wrong with my Trendline.   maybe I should use Fibonacci Fans instead.  EDIT: the problem with Trendlines is: what points should I use to draw the trendline. the close price of the candles in a specific timeframe (e.g. 4 hours) or the absolute price lows or price highs of at least two candles upfront. |
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Something tells me not to trust that link it seems OK after an online check. but you are right: don't click on every link on the Internet. https://vms.drweb.com/online/?lng=enEDIT: @The Dude: "The Smart Gold" - good find, highly appreciated.  #honomo |
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sometimes ppl have a special day in the week for special events. EDIT: BitCoin is soo quiet. |
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Aber trotzdem blöd für alle Geschädigten und vor allem vor ihn.
Die Blockchain vergisst nie und auch hier ist viel über Ihn zu lesen.
Wenn er das nicht aus der Welt räumt, wird er bis zum Rest seines Lebens damit rechnen müßen immer mal wieder mit dem Betrug konfrontiert zu werden.
ach ich dachte das wäre alles geklärt worden? hatte er Insolvenz angemeldet? wer erinnert sich denn noch an Menig? der wollte doch sein Haus im Winter mit Mining heizen. |
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