It won’t last then.

You have to verify for BTMs in my country.

Do bears poop in the glade?

Good point but there must be an arbitrage link between Bitmex and OKex and physical markets.  And shorters will want to buy to close their positions.

I’m sorry guys the rebound from $6400 was mechanical buying.

Shorts being liquidated and buy stop orders being triggered.

It’s not a real rally imho, it’s just market mechanics.

For those of you comparing gold to bitcoin, don’t.  

The gold price is suppressed because gold is too easy to mine with modern mining techniques. Gold has a supply problem, there is too much of it.  We have mined far more gold since 1950 than we have in all of history, and that has flooded the market.


Source:  https://www.gold.org/about-gold/gold-supply/gold-mining/how-much-gold-has-been-mined

Further there are too many planned mine expansions.  A single planned mine expansion in Australia (BHP Olympic Dam) would yield 15,000 tonnes of gold and 90,000 tonnes of silver.  That’s almost 10% of historical global supply from a single mine. No market can absorb that type of new supply without collapsing the price.

So ignore the 4th dimension conspiracy bullshit, because the author doesn’t know how supply and demand works in the gold market.

Bitcoin is scarce.  Gold is as common as dirt.

NLC had extensive training in Bitcoin for years and still managed to completely miss the point.

Meanwhile in bcash lol land:

Ok now that’s hilarious.  But I’m suddenly concerned on how it reflects on me....

AI has its limitations....

Notlambchop is too ashamed to ever show her face again.   She wasted two years of her life and had opportunities like few other.  Eventually these trolls will suffer the same fate.  Give them until the next halvening.  Call it a troll half-life if you like.

Tera is too smart to sell all her BTC so she is with us for the duration. And she is a sensible contrarian influence so no complaints there. 

Trolls now out in force.  Big bounce in 2 - 3 weeks to shake all the trolls out of the tree and make them all silent again.

I’m going with an RNG x merit

Volume continued to be low which I regard as bearish.

Uh what happened?   How did you lose coins ?

It’s Saturday night, 9pm in New York.  

By rights, *something* should happen soon. Price is $7,007 as I write this.  Or maybe it will be saved for 24 hours from now because it is a long weekend. 

The bears are probably eyeing the 17 April tax due date and have some concerns about badger’s unwillingness to leave $7k behind.  At this rate we will not even achieve $5k before an expected pump in late April / early May as the selling pressure eases.

Meanwhile bcash lol solidly under 0.1 and slowly continuing to drop.

Appreciate where you are coming from but I’m giving up alts in this bear market.  I’ll save alts for FoMO markets.  

Long / shorts ratio almost 1:1.  It’s been a long time since it was this bad.  All the way back to November.