Mr. White? wtf???

Faded into ancient history.

Remember 2 years ago when a certain moderator declared "no more triple digits in 2013" and all the bears were braying about the coming of single-digit BTC prices?

Take that and multiply by 10.

What are you talking about?

Since April it touched $220 on exactly one day, June 1.

We had our dump today. All the way down under $260.

It may get dumped further but don't expect it to go below $250.

$220 is a pipe dream. I know you'd love to buy some more cheap coins (we all would) but $220 is just wishful thinking. Get a grip on reality.

I think Jeannie was banned but her sox have come out with the small correction/dip. Adam seems to be doing a reasonably good stoop-and-scoop job of deleting the lambsox droppings from this thread.

The esteemed professor must be lecturing or something.

lel

Not everybody keeps their money in the bank.

Also not everybody is an employee. Small business owners who receive their revenues in cash are prime candidates for buying bitcoins.

Ah, there it is.

Last night I got admonished for using the word "inevitable" regarding the expected profit-taking/correction from this rally.

Let's see if it holds over $260. I think staying over $255 is pretty much a given.

Edit: Another thing that is inevitable is the spate of beartroll/sockpuppet posts following any dip of a few dollars.

I'm in my late 60s and time is on my side too. My modest Bitcoin holding (3 digits) was bought with spare cash so if it were to somehow fail, it wouldn't be any great disaster.

If on the other hand, it reaches 5 digits or more in dollar value, it could allow me some extra luxuries when I reach old age. Over the years I've spoiled myself with fine consumables and a decadent lifestyle.

When the time comes that I need help, I'd rather be in a position of hiring and firing my own hand-picked caregivers instead of having to live is some seniors' gulag.

Actually the Jays' offense has been the best in MLB all season but their pitching was abysmal.

It was when the pitching started to come around in June that they started to move into contention.

Good luck to your Tigers. My mother grew up in Windsor so they've always been one of my favorite teams.

Too bad they got moved to the Central Division. I loved rivalry we had in the days of Stieb and Morris. I never hated them like the Red Sux or Yankees. They always had class.

I'd love to see the Royals miss the postseason. Their hacking of the ASG voting system pisses be off. Miguel Cabrera and Josh Donaldson should be in the ASG, not a bunch of Royals scrubs.

Meanwhile (just to stay on topic) we seem to be going sideways in the mid-$260s. This is a good thing. Slowly and steadily upward wins the race.

I see we have a bullish new poll to go with the upswing. Too bullish maybe?

At least it's not based on how low we'll go, like many recent polls.

 

To me it's as automatic as checking the weather and the baseball scores (during season) when I wake up.

That's when I log in here and say good morning.

The time to get back in the game (if you missed the bargains of mid-January) was from mid-April until early June.

I thought when we broke $260 we'd bounce back down to the high $250s and go sideways there for a while.

Maybe we'll go sideways in the $260s instead. The market probably needs to catch its breath.

Then again, maybe this little rally isn't done yet.

I generally try to stick to my Guinness Extra Stout but the vendors in the stands at the SkyDome don't sell it so I was drinking Budwater at last night's game.

For my nightcap last night it was a little Taylor's Late Bottled Vintage Port with some 6-year-old raw milk Ontario cheddar and some slightly overripe St. Sevarin.

Good morning Bitcoinland. Excellent morning even.

Not only did we manage to hold last night's gains and stay over $260, we've passed $266 again and reached a new high for June.

I'd have been happy just to be done with the $240s for good. Maybe we'll even stay over $260.

Time for coffee, not to fight boredom but to clear the cobwebs from my nightcaps during last night's little rally. Mmmm.

Don't let the Technical Analysis cultists intimidate you.

Your gut feelings are probably just as valuable as TA when it comes to Bitcoin. A good foundation in Bitcoin history and current events helps too.

We'll see who's right.

Or it could be that it was simply overdue, like in October 2013.

That little bounce down under $266 obviously wasn't the awaited correction/profit-taking I was expecting. It's already on its way back up.

Let's see how far this goes.

Seems we're on opposite ends of our days. It's 3:00AM here.

I'll join you for a delicious cup of coffee at the crack of noon.

For now, I'll pour myself another wee nightcap.

 

It's amazing how many people can't seem to grasp that simple fact.

That's the main reason I take traditional Technical Analysis with a grain of salt regarding Bitcoin.