Would be the dumbest move ever...... if the bottom is in ?? You don’t wanna be left behind with some lame paper stacks ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Especially since Gemini, for example, pre-credits your buy. Essentially, you say "transfer X $$", then these $$ (up to a substantial sum) are available for btc purchase immediately, which is very convenient.
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Comparing with previous years charts is now a more precarious business, because there is now a new pattern emerging, unlike most previous phases.
Would you like to back up your statement with charts and / or analysis? I am always open to new points of view. Worth noting the top was $13,880 and the low was $7,734 so we have already had a 44% retracement. How about this scenario: https://bitcointalk.org/index.php?topic=178336.msg52567789#msg525677892019-2020 (something slower): 3100 to 13800, down to, say, 7.2K, up to 54-64K (in two years with half a volatility up and down) could be 7.7K instead of 7.2K, then $46-50K instead of 54-64K. Re @majormax opinion...new pattern would not fit S2F. Maybe S2F is incorrect, but why when bitcoin, gold and silver all match it (predicted values)? S2F says: 50K-100K value after halving.
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Seeing the PlanB tweet: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FoNfbUS8.png&t=663&c=r_tc_vXrBBEYzA) and reviewing "The Shorts" gives me some peace of mind that they are closing them, it can be an indication of a tenuous lateralization or market recovery. I am not sure why would the green phase be so abortive in this bull run. In 2016-2017 it lasted for more than a year. In other words: I doubt that we are in the "orange" stage, but who knows. Maybe, we are front-running the whole trend while we were behind the "true" trend in 2015-2016.
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bump, price stays.
Basically, it is half a price of used APW3 since you can run two typical S9 on this one vs only one on APW3.
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For those not familiar with this aspect of TA: the bottoming of RSA does not, unfortunately, mean that the price stops going down. Check the RSI vs price in Dec 2018.
IMHO, going down another 500-800 points is equally possible to gaining 1K points. BTW, unless we gain 8K from here, "anonymous" prediction for October (16K) would be wrong.
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CME Bitcoin Futures calendar. Trades don’t settle until Monday unfortunately so I don’t expect any rallies until after Monday. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F8LXhCrV.png&t=663&c=UkWQL8M0H717EQ) Is there actual evidence for this correlation? A genuine question. At the moment, let me be doubtful.
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A few points: 1. Mayer multiple is at 0.97 (close enough to 1 which might still indicates a bull market). In bear it could go as low as 0.5 https://mayermultiple.info/2. S/F model current predicted value is $9016/8276 https://digitalik.net/btc/All and all 8000 is kind of important for short-mid term direction. Undecided on whether I should buy more here or not. EDIT: let's play a game...what if 2019-2020 will have a similar config to two-humped 2013. 2013 (heavy metal rhythm): 12 to 250, down to 65, up to 1160 (within a year) 2019-2020 (something slower): 3100 to 13800, down to, say, 7.2K, up to 54-64K (in two years with half a volatility up and down)
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Don't panic, keep #HODLing this_is_sparta.jpg I have been hearing this for two years to keep on holding. I wonder when the holders will be in a position to get benefit ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Bitcoin is a mechanism to transfer wealth from the impatient to the patient. well, as long as at that time I am not an impatient patient...with a cane. I wonder where Bob is. I think that he might have sold a tranche at 11-13K.
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smart money accumulation phase until next halving
I wish that instead of accumulating for two years, then having a two week-one month bull crescendo (2013 or 2017), we would have half and half (flat top). Too much to ask for? For example, if price dynamics literally followed S2F model, I would be very happy indeed.
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S17 Pro 53TH earns $8.00 pd@ .05 per kwh. $3900.00 divided by $8.00 is 16 1/4 months to recoup cost and that's at today's diff, which will surely be at least 10% higher by October. I'm just curious...how does anyone justify this purchase?
maybe, by being unjustifiably optimistic ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) .
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Diamond bottom reversal pattern. This looks really nice. Credits: @BigCheds![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fpbs.twimg.com%2Fmedia%2FEFQ_WJ6X4AIKTw2%3Fformat%3Djpg%26name%3Dlarge&t=663&c=CHbKn5U20fnG6w) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fpbs.twimg.com%2Fmedia%2FEFQ_WJ-W4AABhYH%3Fformat%3Dpng%26name%3Dsmall&t=663&c=-vICI95Aca8UNQ) Thanks. I would believe that we might be following this pattern if we rip off to 9300-9400 shortly. Otherwise, it would be just a bounce.
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...I am a robot-screw "traffic lights" [they piss me off].
Re btc gyrations: IMHo, this was an interesting event. I believe that it is connected to repo reinstitution. Obviously, some biggie is in trouble. In such 'batten down the hatches" situation, they sell everything they could, including btc.
Think about this: short term rates should be 1.75-2% (in US), yet nobody, but the fed wanted to provide liquidity unless you pay 8-10%. This is crazy.
Although I bought before at higher, I am not going to deploy any cash right now. We might double dip or go lower (7.8-7.9). Plus, I was busy working to catch 8K, which would have been OK (not much difference from 7.8-7.9).
Still, having bad vibes about the whole market.
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To philosophize a little:
I don't understand joe-schmoe thinking.. 0% on savings he is OK, -1% he is OK, maybe -5-10% later..he is still Ok. This is true for both people with and without college education. Debt through wazoo..still OK. I am curious as to what might change this thinking IF anything. Perhaps critical thinking is simply gone from the vast majority of the populace. If so, we will all sink together.
BTW, for the record, I never thought of bakkt being anything significant, at least at first.
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Something is in the air.
bakkt traded a contract?
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Who believes that history repeats itself? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FNrP8Rv7.png&t=663&c=tyKS0yqt528ksg) Source:https://twitter.com/Weightlosspro14/status/1175860149682147330 Well, maybe I don't exactly do it, but we are on our way to that stage. 2017? We are much earlier in a 4-year cycle (still 2015ish-like). That said, I am maintaining some cash to buy at 8K or slightly below. 7.8-7.9K would be perfect. If not, that's OK too. Cash is cash, lot's of ways to use it ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Bakkt is starting soon Should we care much about it? I do not think so
meh
BAKKT is a giant nothingburger
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FY627zTH.jpg&t=663&c=NUQLhoF8bg8qIA) I did not know that V8 is into dildo sales/transportation...I kid, i kid
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Bakkt is starting soon Should we care much about it? I do not think so
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It is like, the more poorer you are, the longer you stay poor.
bingo I would not say so. I could go flat out broke today and I would still have skills, experience, character and a university degree. So compared to someone without any education or experience, relativistically speaking, I'd be back on my feet much sooner. $0 in my pockets would be a short-lived inconvenience, at most. Indeed with your 80X skills.... thats indeed a short -lived inconvenience ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Er...if you lost most of your capital it would be difficult to gain it back even with leverage. I almost zeroed one brokerage account (too much leverage during 2001-2002 internet crash). It's balance is still relatively low even after I tried to rebuild it. That's why I don't use leverage anymore (got a lifetime lesson). I am glad that most of my fiat capital is in non-margin retirement accounts plus home equity (which I also don't touch). If I miss out by being non-leveraged, so be it.
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