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sad morning feelings
golden cross to the rescue
bitcoin will rise soon
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Fed Chair Jerome Powell: "Bitcoin is a Store of Value like Gold...*almost nobody uses it as a payment system." Don't know if this is a good thing or bad. Good thing is, he thinks bitcoin is in the same league with gold. A store of value. Bad thing is, he also thinks nobody uses btc to pay for services which is absolutely not true. BTC is having troubles handling high load that's true but it doesn't mean nobody uses it for that purpose. DISKUSS! *, he said almost. Discussion: The sitting chair of the FED -- in an official capacity -- has publicly mentioned Bitcoin as filling a similar role to gold. The sitting chair of the FED. Publicly. In an official capacity. Cogitate. Let that sink in for a moment. Mixed feelings: 1. They think that it is valuable, but tame/tameable? 2. They want to suppress its price? 3. They think that it would be worth more or much more in the future? 4. They might buy some (just in case), maybe later when they could buy a bit without disturbing the price much. ...mic proceeds with eating all bread on a plate. |
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I haven’t written a check since 2002. And the last time I saw someone actually use a check was almost 10 years ago. It’s astonishing that they still exist in some parts of the world.
Well, in US some vendors (plumbers, electricians, roofers) take checks because they want to avoid 3% (or higher) credit card fee on their services. Check cost nothing to deposit. We also have something called electronic check, which is probably another word for ACH (you can pay utilities and taxes with it). It saves municipalities the same 3%. Does your part of the world have FREE electronic payment (apart from el checks and ACH)? If yes, kudos. Otherwise, you are forcing a fee on merchants. Other than that, not much use for checks. |
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Remember the prophecy
Sorry, what is this about? in other news..Powell's testimony in senate is all libra, libra...calibra. https://www.youtube.com/watch?v=NfNFPr8eJZMBottom line: they don't have a mandate to regulate it (yet). Will they (L/C) crowd out our mindshare? |
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Does anyone understand why BTC is currently so volatile? What's the reason of all these pump&dumps?  This is Bitcoin. Additionally, bitcoin, as an asset, has one weakness: it is too darn volatile for something that has above 200 bil market cap, just look at the last two weeks..
The market cap of the SP500 is 24 trillion and it declined 24% between 1 October and Christmas day /fucksnotgiven more like 19.8% and that's three months, pal, vs 14 days and i was talking about day-to-day volatility. /fucksgiven a move to 7.5-8.5K could be in the cards. Something that is similar, but maybe shallower than this: https://www.tradingview.com/chart/BTCUSD/OcS8j9al-Possible-retest-of-the-6k-area/ |
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This dip should go no lower than about $10,690.  Something "interesting" happened to the "fork". it suddenly declined 20%. Additionally, bitcoin, as an asset, has one weakness: it is too darn volatile for something that has above 200 bil market cap, just look at the last two weeks.. |
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I am glad to see these small corrections on the way up.
Once the price doubles in a month we are weeks away from the end of the bull run. It almost did that already going up from $7500 to $13,880. For the next week or so $16k would be the doubling.
The longer we avoid doubling in a month the longer the bull run. Let it grow slowly for the next year. Then double when we hit $100k and sit back and watch the fireworks.
Exactly...I was checking the same and drew similar conclusions. We were overheating at 13.8K, albeit I prefer a flat to a zig-zag, but a flat is usually not the bitcoin's way (especially when 20-100X leverage is available for some). |
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An episode of "A life with bipolar" as Brad would say aka "Shameless".
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an interesting setup in eth/btc:
eth/btc went below support at 0.024, latest seen in march of 2017
It would either turn around right here or continue until at least 0.022 or lower with Dec 2016 low of about 0.0077.
Most likely a good short, but I am not betting.
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Theory: we got "smashed" today because of all the noise coming out with regards to the wretched two headed monster from FB. The organic growth of bitcoin is/was so much better than a sudden harsh light caused by that (L-C) development. I always thought that there would be no positives and only negatives from it (contrary to many other opinions including those from Novo and Andreas). Scallops uh? And white wine. Looks yummy. But cryptoqueeen?? A salad with fizzy red wine? Oh noes. I'll go out on a limb and guess it's sweet, even  Scallops are not vegetarian anyway. If so, why not get a kebab instead? You got a problem with scallops? Apart from the price, I mean. Nope, they taste like chicken. Only mentioned it because mic said that that he might be turning vegetarian (as his gf). |
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Masterluc on Telegram yesterday. Among girls: on the whole, I'm tired of it all. My forecasts are not what they used to be, I do them without the former grasp and vision. Vanga has fattened and settled down...
But to be honest, according to the latest situation on the market, I can say that the short-term bearish picture again suddenly deteriorates. Just wanted to say it.
I like his honesty about losing his magic. not sure why he (supposedly) is referring to himself as a female? maybe masterluc is a 'babushka'? |
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Theory: we got "smashed" today because of all the noise coming out with regards to the wretched two headed monster from FB. The organic growth of bitcoin is/was so much better than a sudden harsh light caused by that (L-C) development. I always thought that there would be no positives and only negatives from it (contrary to many other opinions including those from Novo and Andreas). Scallops uh? And white wine. Looks yummy. But cryptoqueeen?? A salad with fizzy red wine? Oh noes. I'll go out on a limb and guess it's sweet, even Scallops are not vegetarian anyway. If so, why not get a kebab instead? |
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Hey, I just met you and this is crazy
But here's my number [$13,356], so call me maybe
Could not reach you at your number, but you may call me back at $12313.55 Signed: Lady L.  |
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I envy those that can actually trade the short term waves with enough consistent certainty to make a better long term profit than just holding. I'm not sure I've ever actually met one of those mythical traders, they might be unicorns. If aiming realistically and conservatively, it doesn't take a unicorn to do that. I guess more than a few such people are reading and writing these very pages. It doesn't even take a WO peep (well, just as a brainwasher maybe). Case in point: JJG's mom could do that almost in her sleep, but decided not to be bothered cause she prefers to enjoy life. If you can learn the difference between a bear market and a bull market (hint: we are in a bull market) then you can trade for a profit. Dollar cost average in in a bull market. Dollar cost average out in a bear market. If you can’t tell the difference, then sit on your hands. This is the opposite of JJGs advice because you buy on the way up and sell on the way down. The difference is JJGs system doesn’t require you to make a judgment call. Mine does. ...which has made me very, very rich....... it's not yours until that profit is taken and taxes paid (if you live in a jurisdiction with cap gains taxes). Wall street refers to a large profit of a lucky individual investor as "a loan". A deviation to the upside in most cases is followed by a deviation to the downside. Taking a large profit and/or not playing at all after deviation to the upside is the only way to beat the odds, IMHO. The problem is WHEN to take such large profit. In AMZN you had to wait more than 20 years to get the 'full" benefit. IMHO, Bob's strategy was brilliant: get in very low, then take out a large enough chunk to matter, ride the rest, at least for a while. Are you trying to ruin dee moo, Biodom? If a person has value in an investment, whether bitcoin or otherwise, there can also be some freeing up of other money/value... or at least freedom to spend money in other locations, whether in a bank account or other resources, because he knows that he has the value in the investment, such as bitcoin. Of course, he can make adjustments to the value on the investment depending upon the hypothetical time that he is going to cash it in, or even to have some tentative reservations of the value based on not knowing exactly when the investment is going to be liquidated. Real property tends to be much more cumbersome to liquidate than a 401k, and gold would likely be difficult too, absent having some avenues of liquidation. Bitcoin seems to be much more easy to liquidate, even though some of the liquidation avenues might change from time to time, including the fact that bitcoin is only 10 years old, so liquidation avenues have changed during that time too.. so one of the costs of maintaining bitcoin could be having some ideas about what liquidation avenues might be available for amounts chosen to liquidated and when. dee moo??? I guess it's "the mood"... People here are mostly "drunk" with their 10-100X gains and think that it would continue, essentially, forever (until btc is 1-10mil). I wouldn't mind that at all, but I give this scenario maybe 10% probability. Much more likely is the next peak at 35-300K (most likely around 150K), followed by a multiyear proper whooping. What if such whooping will end up not the usual 80-85%, but 95% lower? 200k back to 10k? A proper teeth gnashing would ensue and most people would sell, most likely closer to the lows than highs. I had this experience before (when Internet boom turned to bust). There were literally no bids for some stocks. Could it happen with bitcoin? I don't know. however, for now, you are right, let's enjoy dee moo. |
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I envy those that can actually trade the short term waves with enough consistent certainty to make a better long term profit than just holding. I'm not sure I've ever actually met one of those mythical traders, they might be unicorns. If aiming realistically and conservatively, it doesn't take a unicorn to do that. I guess more than a few such people are reading and writing these very pages. It doesn't even take a WO peep (well, just as a brainwasher maybe). Case in point: JJG's mom could do that almost in her sleep, but decided not to be bothered cause she prefers to enjoy life. If you can learn the difference between a bear market and a bull market (hint: we are in a bull market) then you can trade for a profit. Dollar cost average in in a bull market. Dollar cost average out in a bear market. If you can’t tell the difference, then sit on your hands. This is the opposite of JJGs advice because you buy on the way up and sell on the way down. The difference is JJGs system doesn’t require you to make a judgment call. Mine does. ...which has made me very, very rich....... it's not yours until that profit is taken and taxes paid (if you live in a jurisdiction with cap gains taxes). Wall street refers to a large profit of a lucky individual investor as "a loan". A deviation to the upside in most cases is followed by a deviation to the downside. Taking a large profit and/or not playing at all after deviation to the upside is the only way to beat the odds, IMHO. The problem is WHEN to take such large profit. In AMZN you had to wait more than 20 years to get the 'full" benefit. IMHO, Bob's strategy was brilliant: get in very low, then take out a large enough chunk to matter, ride the rest, at least for a while. |
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The next halving has had no effect on the price - how could it since it hasn't happened yet? its a year away, so an argument can't even be made that its speculation effect of increased halving price.
Arguments can be made; they are made all the time, including an argument that efficient markets "price in" future known events, so since the halvening is a known event, the question becomes a matter of how much it is priced in rather than whether it is priced in. is it "halving" or "halvening"? enquiring minds need to know.... halving-from an old english word (Middle english, possibly the proper way to write/say it) halvening-sounds cool (like 'quickening') |
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Bitcoin crosses 64% dominance on cmc
The relentless Agony of the Alts... Very nice to see on cmc a sea of red except for BTC. And speaking of alts, (yeah, sorry bout that).... ....the winner of pop and flop shitcoin-of-the-day is.... Egretia <prolonged whoopee cushion sound> I am so badly disillusioned by shitcoins I don’t think I am capable of taking any blockchain project seriously. And that’s probably not a good thing, because if something genuinely good does come along I will probably just reject it out of hand. I am not disillusioned with a specific comment that some are a mess, some too self-dealing and others are not even "real" crypto. The downswing in alts had happened before and I am not sure if market dynamics favors just one coin. Typically, in most other markets, there are at least a few dominant players (maybe FB and GOOG are the exceptions). We shall see. I am certainly not selling any bitcoin for alts. |
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