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Jesus I hope this aint a bull trap, crossing fingers!!
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Yeah, why not? it is already at around Fib 61.8
If it goes down much lower, than it is a longer term bear market, not a 4.
If 7600 is A, then B is higher (to around 14K), then C (back to around 8k ), then much higher to wave 5.
I am really confused, ML said that the "historic 3" has ended, he even changed the name of the community to "witnesses of 5" (was 3 before), during the dump to 7.7 he said that it is nothing in comparison with the next correction. So it seems that he thinks that the 2015-2017 bull market has ended. Elsewhere on the side he said he thinks 4 would last only a couple of months, would be strange for a largest scale bear market, the previous one was almost 2 years. If the dumps end here, in his red circle, and we go up within a couple of months (which I hope), I do not understand why to say that the historic 3 has ended? Then rise to 19k would be just (3) of 3, and the current correction (4) of 3. Is the reason ML says historic 3 has ended is because we hit, or even went below, 61.8 Fib? Anyway, his current count seems less logical than all his previous ideas, I still think he may adjust it. regardless of what will happen and whether his is right or not, you got his opinion exactly backwards. His opinion: wave 3 is 19.6K, 4 is what is going on now, later wave 5 at 50-100K. what you are talking about as "nothing in comparison" is something that will come AFTER 5 at 50-100K. So a 50-100k bullrun would mean a massive drop to the 4 or 3 digits? |
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This thread seems dead. Why?
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I really hope Bitfinex fix my dash balance, as it currently shows it as drk and this I cannot use it. They have not replied to my ticket.  |
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Here's a ray of light. It is currently more expensive to go down 1500 dollars than it is to go to 25k,  |
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The TA might say moon, what has to happen is for people to buy at said price. Like the user above me, it isn't just charts and drawings.
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hurry up! save the children, you are still in time!
seriously, this is the gazillion time someone called it, maybe one day statiscally speaking someone will be right
but not today my friend
Vladimir21 has been spreading FUD for a while, time to block him, I suggest all do the same. Whether he is right or wrong, a person who spreads fear is morally wrong, preying on people who have invested more than they should have. |
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so it just went up a grand in 20 mins
Empty order book. Doesn’t really count. Indeed, on BFX it's very thin, hell, just 20 minutes ago as I looked at it, it was really thin all the way down to 9 and less, whereas lots of selling pressure on the asks side. |
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Seems like we're going below $5k in 2018.... what do you think?
Based on? |
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All in all, for the people who believe in TA, the RSI indicator shows we are no longer overbought on the weekly, however the monthly is still over 70, 75 to be exact, which is quite good.
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Please make it stop theymos. Token sales, ico, I am getting tired.
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I believe that when people use the keyword best, then they have no idea what they are doing.
The fact that you believe there is a best indicator means that you have no idea what you are doing, more so that you are asking the community, obviously looking for a guru like figure to follow, even if you yourself aren't aware of that.
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Sounds like you are BCH shill and a sock puppet account. |
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It did crash however I think it is ripe for it to pump again since a lot of altcoins just pump and they need to correct. Chances are people will start dumping alts and buy bitcoins as it is pretty low right now. I already cashed out my Doge, though a bit early at 45 sats each still good profits and looking like it will all crash back down to make bitcoins rise. This is always a seesaw action. When alts go up, bitcoins go down, then when bitcoins go up, people leave alts and go back to bitcoins.
People taking profits, nothing to see. |
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If you want to pay less for transaction fee I think you should use Bitcoin wallet that you can set up your own transaction fee like Electrum. But for now when Bitcoin mining difficulty is really high, I think we need to pay more for transaction fee to complete our transaction fast as normal cause it'll take longer time to mine a block. Although you can customize transaction fee but you should pay at least 0.0003 for it.
In Bitcoin Core you could set your own fee, but then you risk not getting confirmed for days,maybe weeks. |
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Unrelated, but look at Microsoft's stock. It's also going parabolic.
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Nah, the smart people know that they don’t know for sure what is going to happen. They assign a probability to each scenario and hedge accordingly.
In order to assign a probability you need to have some data points/variables to plug in an equation. |
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Some quick stats.
Been mining with an S1 for a few months now, the highest difficulty hash I got was 700 million, some time passed and the next one was 400. It's going to take me a few thousand years to find a block, but since there's luck involved, I might keep my hopes up for a few more months.
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Bulgaria’s GDP is about $52.4 billion (2016), so it is quite a shock that the Bulgarian Government is sitting on an approximate $3 billion worth of Bitcoins seized in an anti-corruption operation back in May. Putting this into a little more glaring context, Bulgaria is holding 18% of the national debt in bitcoins. Bulgarian law enforcement jointly worked with the Southeast European Law Enforcement Center (SELC), a regional organization comprised of 12 member states, to bust a sophisticated organized-crime network, arresting twenty-three Bulgarian nationals and seizing a total of 213,519 bitcoins. Full article at Zerohedge: http://www.zerohedge.com/news/2017-12-08/bulgaria-government-shocked-discover-it-owns-3-billion-bitcoin Fascinating read! That is quite a fascinating story indeed and the government must have been so ecstatic realizing that they have an asset they can sell for billions of dollar anytime they want to. I am hoping that the government will use the proceeds (in case they will decide to sell) for programs meant to benefit the people and not allow anyone to use for any other purpose or worst let the money go to corrupt officials. This is just like an unforeseen blessing for them and they should use the money that make many people smile. This should also be serving as a great warning for anyone or any organization not to utilize Bitcoin for any criminal activity as the government still has the power to confiscate the cryptocurrency used illegally. At the same time, the government has to make that any such an operation must be above board and not use their power to commit another illegal act. Congrats to Bulgaria!! They will not. Our country is corrupt as as they come. The money will go to the politicians, buying expensive cars and whatnot, while leaving most of the population that is already living at the poverty line even more poor. |
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