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4681  Economy / Speculation / Re: BTC is over $54,000, hold or sell? on: March 09, 2021, 11:54:10 PM
Top of a range is a reasonable trading perspective right now I think but it doesnt show if we will especially sell or not but gains could be capped in any greater or additonal magnitude.



Looks like a trading channel but it isnt, the bottom part is just moving averages though it could be theres also a good trend to the lows.   The current high prices matches a trend or rate of gain for this year and is inline with highs at the start of the month, I dont think it has to be solid resistance especially now.
4682  Economy / Speculation / Re: magic ball ON on: March 09, 2021, 02:55:12 PM
ETH has a breakout pattern in its ratio, price can do anything of course.   Recent price action is recovering much of the previous decline and I think its over 50% of that retracement now.



For this much fast momentum, its looking positive above 54k but we do have some regular ceiling to the price highs.
4683  Economy / Speculation / Re: Is it bearish season yet? on: March 08, 2021, 11:56:15 PM
A true bearish season might take a year or more to arrive yet, people are possibly jumping the gun.  We will pullback if we are to remain healthy though, it can still be bullish after and during that.

Heres a quick trend I'm watching on the daily:


Its quite messy on any lesser time frame, there is some question and doubt in this area as we cross back and forth in this price action range.   The dollar index DXY is rising and is above 92 now which gives me some pause to consider possible pullbacks inline with the general market but so far price remains elevated for some time.
  Breaking trend on a time frame returns us to wider action like the 50 day average below in lower 40k area, I think thats a reasonable scenario also.   The OP question on an entire season of bullish action is not yet in prospect, we have no trend down.
4684  Economy / Gambling discussion / Re: [Discussion & Betting] Eurovision Song Contest 2021 on: March 08, 2021, 11:42:44 PM
Iam always surprised the range of countries that enter into the ESC like Azerbaijan, I dont quite get the logic as thats not Europe in location (or similar distant entries) but it doesnt matter its only singing contest.
Quote

Eligibility for potential participation in the Eurovision Song Contest requires a national broadcaster with active EBU membership that would be able to broadcast the contest via the Eurovision network.

Quote
especially considering that this song isn't English.
English is international but so is French, Spanish very much and ultimately I dont count language against a song too much in its prospects.

Saying that I like this entry alot, but I might be biased to its 'type':
Quote
Roxen's song for Romania: ROXEN - Amnesia - Romania 🇷🇴 It's ok I think, but nothing special in the end. Odds around 70.

The Belgium entry sounds good to me, I dont know its got the killer line to catch votes maybe too close to average or generic.   Yea I got bored at the end sadly.

Finland nope, its ok I guess but nothing special even in its music section and I dont believe it'll get appeal overall tbh  Grin    The Spanish song is more likely the type to get a more general appeal, he can sing but I dont love the song to go with this.    Eventually I will decide but not quite outstanding for those that I heard so far.
4685  Economy / Speculation / Re: If the FBI wallet with 141,000 bitcoins was stolen what would happen? :o on: March 08, 2021, 11:30:03 PM
Short answer is it doesn't matter, 7bn isnt enough any more.   However it matters in terms of news and perception to the idea of security and reliability that BTC offers, people wont doubt FBI before they doubt crypto though its well known that human error is the most common computer problem.    I always argue in favour of usability but thats how it is anyhow.
  The only effect from a wallet compromise like this is change in liquidity and presumably the coins all get released immediately and sold which means a possible blip lower but overall its not important
4686  Economy / Gambling discussion / Re: Best gambling site for esport? on: March 08, 2021, 08:42:40 PM
Esport I'm using Stake for the last year because they cover so many games, I even knew the players in one of them and they won the game at odds over 10 to 1 so a real underdog.   The big reason to go for this site is they offer live bets, I personally dont spend every minute or have the time to always be immediately available at match start or its delayed etc.   so I really appreciate that they do live betting.  It works out awesome on any kind of underdog type bet as the odds will reflect popularity and any weakness, if you know the game welll and judge the team well then the odds can swing from extreme into a win and you get alot money that way.
   Lots more points in their favor but they also allow a live cash out, so you can arrive late post game start but bet anyway then see your team come back but maybe you have to leave before game end so can cashout with profit or even an emergency close of the bet if you give up on the win and exit the bet before the game ends.
  The site is super convenient, exactly what I need tbh as some games do last a long time, theres a whole variety of sites and points to consider but I've bet esports since 2014 and this is one of the easiest I had available to me.
4687  Economy / Speculation / Re: Don’t Panic III on: March 08, 2021, 05:53:02 PM
Its hard not to spike the market when you are accumulating 1.5bn worth of BTC for a single entity to hold, have we even had such a large transaction as this before.    Trades perhaps but literally this was bought to hold not to play a trade out.    My answer would be the same for any purchase, that if its to be used then it wont matter the price as the usage is always the reason to buy anything and its true even in finance markets.   I thought I would hear more detail by now why would BTC be useful to him, part of the supercharger fees process perhaps, cars do go internationally so BTC might useful in that way.   Price going down doesnt have to matter, I heard of someone who held from 2017 peak and sold higher recently and did they also utilise the Bitcoin meanwhile I dont know but it has some place as an asset.

Anyway in panic news we have DXY dollar index rising above 92 now and I wonder if we can speculate a trend of rising dollar.    Part of this due to rockets fired in middle east and fears there, its also something I was looking for anyway to happen.    BTC so far is fine with the dollar rise and is doing quite well holding higher.
4688  Economy / Speculation / Re: I think it's time to go Short on Bitcoin on: March 08, 2021, 02:34:44 PM
Any trade is best in a regular trend pattern and we're nowhere near to that.   If anything the bias is still firmly with going long, you can always guess tops but then also have to worry how long does that top last for because we have no proven regular trend  up or down right now its hard to call this.   Mostly we are positive is a fair take so calling short is unusual and you run against the tide, not that you must be wrong but this requires high conviction.

We are rising above 2 day average though also within a previous range, no set trend just recovery from prior selling and some repeat.
4689  Other / Meta / Re: Get Donator status by donating 10 BTC on: March 08, 2021, 02:27:16 AM
I was on slush's pool sometimes the luck worked out nicely in earnings, sometimes not.   Never had the sense or really ability to retain all the bitcoin we got, alot of it is costs not profits really.

Unless things changed radically just recently, don't think we've altered substantially what's been true for years but Bitcoin is the most widely and evenly distributed of all the major blockchains, probably all of them.   Imagine if Satoshi never gave up his share, thats the story for alot of them.     So you might be correct but its still the best in that regard and afaik the trend is towards greater distribution so long as actual user population and wallet usage continues to rise.
   The only disruption I see to that is the main market noise interference and influx of FIAT newly made, QE in itself is heavily top biased beneficial to central banking, government fiscal expenditure and treasury bond holders so it figures that weighting continues to wherever its effecting an asset price change.  I presume BTC has changed price partly because of the giant amounts of QE in the last year which means we have likely also absorbed some of that bias
4690  Economy / Gambling discussion / Re: People die from heart attack when they hit the jackpot. on: March 08, 2021, 01:30:50 AM
On a serious note health and any related issues cardio vascular health are built up over years, having too much salt on your food is going to be way more relevant to the condition then any apparent trigger in the end.   Nobody goes from good health to suffering a bad attack like this, its a process of damage and some of its preventable.    Anyone who plays luck based games has their system to getting good luck  Grin, I'd recommend always throwing a pinch of salt over your shoulder purely because luck or not it improves your health that you might avoid having put it on your food.    Kinda boring point I guess but simple issues like that determine this topic tbh, I dont reckon a jackpot would get me unless I was on a 12hr drinking session maybe :p
4691  Economy / Gambling discussion / Re: Stake.com announces Israel Adesanya as their Global branded ambassador on: March 08, 2021, 01:06:23 AM
I guess Poland is celebrating bringing down such a prize, someone's out there is always happy at the result .   Does a regular better who knows UFC well tell me why this happened now especially, was there a clue the favourite would lose or did Blachowicz just outperform and hit it out of the park.
  I thought it was a sure thing, famous last words Shocked
4692  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: March 07, 2021, 09:01:02 PM
Sounds like over simplification, we dont have all the facts available as its not a public company but any business is about maximising revenue efficiently.  The added cost discussed is relative to revenue but also cost of capital, its not a free benefit but via holding a token at cost and with some risk in the market extending out to a year to get full benefits. Tons of money in crypto is short term speculative, leveraged over night even 'hot money' is very common, hence why price can half surprisingly often despite long term gains over most of crypto.   My take is the strategy generally makes sense and I feel lucky holding some Fun as I won another 4000 rp today, overall I dont expect my holding tokens to cost me anything maybe I come out flat or quite probably I gain some benefits net; obviously its all at capital risk its really not free.
4693  Economy / Gambling discussion / Re: Esports Prediction & Discussion Thread on: March 07, 2021, 08:52:05 PM
Havu vs Dig honestly could go either way from what I can see.   The odds are favoring Havu but nice underdog action from Dig with them clinging on in the first map, yolo clutch jumping headshot.   Safest bet might be 3 maps as its an easily contestable series.
4694  Economy / Gambling discussion / Re: Does knowing your sport and teams really make you better at betting on them? on: March 07, 2021, 08:38:16 PM
It definitely helps to have a good overview of the game and the balance of play that determines a win.  This best applies to team games where each side will try to operate a strategy specific to their opponent but it could apply to any support where initial success could give way to endurance and other factors over time, if you haven't played yourself its harder to appreciate possibly but I'd argue anyone can overview a game impartially will have far more success then just glory supporting and more casual betting.

I like the very slight or last minute details that change the odds in value and can make for some good bets, a player change in a team it helps if you know all the names etc.
4695  Economy / Gambling discussion / Re: Esports Prediction & Discussion Thread on: March 06, 2021, 11:34:53 PM
I have to find those matches listed to consider them properly but maybe 3 maps on the heroic match for example, movistar riders is into overtime to stay in Dreamhack vs a team I cant remember seeing yet movi very nearly beat Complexity who required overtime in one map to clear the full bo3
Puggy play but movistar just scrape a win and play c9 next
4696  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: March 06, 2021, 08:07:48 PM
WOF is not the biggest element for any bigger player its the cashback and also the interest is far more significant.   If I had somehow had extreme optimism for BTC and even moderate budget, I could have built 100 Bitcoin to deposit (over many years).   Sadly I lacked that ambition and I dont have anything near there but its quite realistic for people to be saving larger amounts in crypto and really the wheel is for fun.  Somewhere I will have a screenshot of my old mining pool amounts but Im fairly sure 100 was quite reasonable to those gifted that diamond hand vision :p   So Im thinking those dudes would be silly not to hold FUN.   I like the wheel element but also I never saved up that amount of BTC, I converted some to gold at one point which did go up but still Im looking silly at this point.   I wonder if the dude who sold his house for Bitcoin in 2013 is still holding, he used to come back to update his thread occasionally but it got locked sadly so who knows.
  I say 100 but 2btc or 3btc even will have some do the maths and know they get back the cost of FUN in benefit, I know its alot in FIAT just saying there was opportunities over the years and some never sold because they got matrix thinking.

You may still spin one by one if you like, for the person who said that.  Did that today and got at least one lucky spin, put it back into FUN as I like to speculate :p
4697  Economy / Speculation / Re: Don’t Panic III on: March 05, 2021, 11:58:27 PM
We're still bullish looking with this daily bar closing above 48k it seems like its more positive then negative to me



From what I can tell or guess in the spirit of market action, the ceiling overhead was a surprise to some who closed out their speculative positions early and this led to further selling and our test today of this possible support line.   However closing in this way suggests we are not done with trading higher and challenging these prices more consistently over the entire week perhaps.
4698  Economy / Speculation / Re: btc dump today and yesterday on: March 05, 2021, 08:06:06 PM
Im told BTC is negative right now because of daily bars and reversal action but also shorter term the price has traded above then confirmed 12hr average and is above 2 day now.  Its quite positive even while dollar index has gained over the last few days.
4699  Economy / Speculation / Re: Has Elon Musk's twit caused the Bitcoin bubble burst? on: March 05, 2021, 03:57:48 AM
Elon is just a figure head of course, more important news really is about dollar yields which are a bearish indication for massive monetary flow and this does have an effect on Bitcoin outlook.   Elon commands billions and sure its news but a one off isnt that much, dollar news is about trillions so almost anything there is a big deal and when its a trend then it alters everything.
4700  Economy / Speculation / Re: Bitcoin Bottomed out ? TA analysis. on: March 04, 2021, 01:40:11 PM
Bit of a legendary thread this one, good timing call and yea that was a nasty period around end of 2018.   The lows could have lasted alot longer in theory, my current TA is we are consolidating and recently beat a negative trend  Highs are capped in aspirations but seems best to remain optimistic so long as we remain above 48k and you are right not everyone likes TA but its a good guide not an absolute yes or no more probable outcomes imo.
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