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Traders will always find a way to 'take profits'. Based on my ovservations of the market, here how it is done:
1. Buy some shitcoin.
2. When BTC starts mooning, wait until your shitcoin is down 40% vs BTC and then sell it for BTC.
3. When BTC drops 5-10% against $, sell BTC for $.
4. When the shitcoin is up 40% vs BTC, buy with your $'s that shitcoin.
This method works 100%. Tested and verified by math and science. No need to thank me. For even better profits, rinse and repeat.
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As always Coinbase is trying it's best to fuck up the bull run. I can recall for 2 crashes - one in Dec 2017 around 17K and in June 2019 at the top 13800. Both server "crashes" resulted in severe damage to the price. Hopefully not this time. A leaked photo of Coinbase server:  |
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Observing $13 650. AYH's and soon ATH's are raining. My mind is melting now. So far I was around 2x profit, now it's over 3x. I am just not used to be rich and happy. And to make the things worse, I got the news today that my salary will increase by at least 30%. Which means I will be able to spend effectively 50% more for buying bitcoins. Sheeeiiit.   |
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It seems that JP Morgan's leaked document is authentic. It was posted only on twitter by Dan Tapiero as an image (I know someone shared it here, but I repost it for convenience):  https://twitter.com/DTAPCAP/status/1319703750450302980After that he posted another one:  https://twitter.com/DTAPCAP/status/1320429184993427459/photo/1--------- Who would have thought that one of the biggest sources of Bitcoin FUD and mockery would make such a sharp U-turn? It is as if I'm reading some post from one of our WO hodler members.  If JP MOrgan predicts incoming 100K price target as a minimum top for the next cycle, what can now say the pathetic trolls who pretend to have some knowledge about science and math? The implications will resonate worldwide. The banks can't pretend to ignore Bitcoin anymore. They will have to study more seriously both the technology and the free market and start facilitating Bitcoin's use by their clients. Like what is doing Bitwala for some time. And as a part of this process the symbolic Bitcoin ETF should be expected provided some big company like Grayscale makes a good proposition. No wonder the inflows to the exchanges in the last days are so low, despite the highest price in 1-2 years! Big expectations create a self-fulfilling prophecy. What can I say? Be careful with the pizzas! 0.1 BTC spent for something that is not so necessary now, will be be worth > $10K very soon!  Remember Laszlo... and mindrust! |
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FT: PayPal is shilling crypto on the internet The battle against fiat is truly in full swing. Hot on the heels of Nigel Farage’s declaration of war against the financial system and inducement to freedom-lovers everywhere to stock up on gold and silver, we now have another call to arms. But this time, it’s different. This time, it’s crypto.... https://www.ft.com/content/826eedac-b0cd-4591-897a-9e83cf697060 |
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As I asked others before you. what would be major adoption to you?
This is a 345 million account company.
if every account held 100 usd in btc it is 34.50 billion in btc. current btc cap is 240 billion
You're talking about a company dude. A corporate company. BTC has nothing to do with companies. Well, apart from the fact that everybody wants big chunks of it. Major adoption would be having a class in nursery school, educating the little ones on what money should be like: free. BTC stands for monetary freedom. We both know this ain't going to happen - any time soon anyway. Until it is confirmed that every paypal purchase of the so called BTC, is backed by real ones that you can transfer around and pay for things, all this is nothing but misleading. As I already mentioned: Nothing much will happen to BTC imo, whereas paypal's revenue might go off the roof.
"PP lying about real buying of bitcoins and thereforee it won't contribute to the mass adoption" is pure FUD, started by the same nocoiners and shorters who got caught with pants down. Practically 100% of them are on my ignore list from before, when I noticed they are conspiracy theorists or just bitter FUDsters. I wonder what was the point of ignoring them when the rest are quoting them and even meriting their nonsense posts. Anyway, this conspiracry type of people of course will suspect PP to play tricks and not buy real bitcoins. Only hardcore flatearther can figure a way for such a large company to try something that even most ponzis can't do. What about bitcoin exchanges? They are also companies. How are people going to buy bitcoins without any of those: banks, credit cards, exchanges. Localbitcoins? But they use PP as well . All these are just nesessary means for the mass adoption. So next time try something better - like "bitcoin is overbought" or my favourite "the halving was priced in". Take your pick, I don't care. |
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$13k or €11K  |
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Come on guys, don't turn this good news into a bad thing. It is true that those that are tech savvy will prefer to have the keys and not trust third party. How many are we - several millions? Well, paypal has over 320 mil active accounts, most of which belong to people who don't know a thing about crypto exchanges and keys. I talk often with bankers and accountants, who are interested in bitcoin but don't know how to buy it. For these people this will be a good opportunity to get into Bitcoin without any preparation and research. Let's say that 10% of them will buy 0.1BTC on average. This means over 3 mil bitcoins! And last but not least, there are countries and banks which ban bitcoin exchanges but don't ban paypal. Again this will be a good opportunity for those who don't know how to use VPN or don't trust this method. All this will have an impact on the demand, hence the price. And with all the new institutions entering the market... RIP all shorters or FUD victims aka mindrust.
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New AYH!  |
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Despite the pathetic attempt to avoid the margin call, over $20 mil shorts have just been liquidated on mex. And many more on the remaining derivate exchanges. Bulls should take easily $12K resistance now... Wait for it ... It is good to wake up and see that my SOMA prophecy has been fulfilled. $12K is 60% of the last ATH. An important resistance for the bulls which now can be made into a support. Will the bears try to test it, or they are completely shattered with the last 8 hours 30 mil mex only shorts liquidations? Let's see... but this time I really have a good feeling about it, that the remaining days of 2020 could turn to be quite bullish with series of AYH's incoming. |
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Things are starting to look ridiculous, as always with Vitalik plans. https://www.reddit.com/r/ethereum/comments/jcuigo/eli10_what_is_happening_with_medalla/One quote from the post: What is happening with the Medalla eth2 testnet currently, Oct 17th 2020? Here's an ELI5. (Not exactly 5. Maybe 10. You get the idea.) A bunch of validators turned off (maybe zinken, maybe bored, who knows) We entered non-finality. This means we don't have enough validators online to agree to what the state of the network is. We need 2/3rds. Some sync bugs reared their heads, in Prysm and Nimbus. We lost more validators to the bugs, not everyone has updated since ----- And one quote from the comments: That is definitely the reason. It really needs 8GB minimum, 16GB recommended, 32GB for mainnet in my opinion. I've seen some big CPU spikes the last few days so that depends on the CPU I suppose but it should be OK to good. ---- So, if for the mainnet to be a validator it is needed 32 Eth and a PC with 32 GB RAM and a new CPU, how many validators could participate and how are they supposed to ensure the security of coins worh of billions? I am starting to think that some devs already know that the final switch to Eth 2.0 will be delayed indefinitely...  P.S. For the first time in many months Eth price is plumetting, while Bitcoin is rocketing to $12K. I guess traders also know what is going on right now. |
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Despite the pathetic attempt to avoid the margin call, over $20 mil shorts have just been liquidated on mex. And many more on the remaining derivate exchanges. Bulls should take easily $12K resistance now... Wait for it ... |
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In connection with the frequent news about companies that reveal their positions in bitcoins, I have the following observations / speculations. Haters on twitter say that these bitcoins are not bought at once and that the price has not risen, so this news is irrelevant. These are the same haters who said 9 months ago that the halving was priced in. Apparently they were wrong, because the price has risen by more than 50% since the beginning of the year. In the same way, they are wrong in their assumptions that these purchases will not affect the price in the future. Here I believe that the following facts are valid. These are serious companies with great resources and specialists who have obviously come to the conclusion that bitcoin will go up and at some point will decouple from stocks as it was often in the past. This will give the desired insurance and more companies will invest. Another interesting fact is that in the last 6 months the balance of spot exchanges has decreased by about 500K bitcoins, which is close to the amount owned by some companies listed in my post above. This trend will obviously continue with further purchases. The real question here is how much we can expect companies to invest in bitcoin over the next 4-5 years. It is clear that not everyone will buy large quantities at once, so 1-2 month bubbles cannot be expected from there. But according to fidelity, the estimated fiat that will be invested is about $1.3 trillion. A simple calculation shows that this amount at the current price would buy more than 100 million bitcoins, which is impossible of course. Therefore, even only the institutions will move the price to at least 100K, which would correspond to 10 million bitcoins - again more than is actually achievable, because there will be more than 8 million bitcoins that are either lost or not sold below 100K. So definitely this news is very important and we should be happy. And be patient. The decline in bitcoins on spot exchanges is only a sign (but a definite one) of an impending price increase. The real rise can be postponed for several months, at most 2 years, if there are violent manipulations through the derivatives. However, as the pathetic troll proudcon would say, mathematics and science prove that with such an investment the price will become at least 100K in the coming years. And if we add the natural retail growth which will be enough by itself to push the price above 100K, we can expect a peak well above 100K. #confirmedbymathandscience |
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Bitmex shorter spotted  The barting has stopped since they got collared. Yep! The shorts on various exchanges are hitting yearly lows both in volume and percentage. Usually the FUD is their weapon, but not this time! Now they feel the fear that there are not enough shorters to try manipulating the spot exchanges. This is just the beginning of the bull Q4 of 2020! |
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Bitmex shorter spotted |
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Kabooom! (Listeneng ACDC "This house is on fire") |
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'2x per year' lines update (vs 7-day average):  This has been my №1 chart since you've posted it first here. We may notice that the lower line corresponds to a 2x price increase per year if we round the price to 50$ at the start of 2013. That is an exponential growth 50x2^t, where t is the number of years since 2014. The remarkable thing is that for 7 years Bitcoin has kept hitting these numbers on the way down after several extra exponential growths related to the halvings. And now Bitcoin is even above the line unlike 2015 and most of 2016. This is a strong sign that the exponential growth will continue at least in the next 2-3 years. We can't be sure if 2021 will have that extra growth, but the longer we stay close to the lower line, the better. Sooner or later Bitcoin will touch and may pass through the upper line for a period. With that regard, what software/site do you use for that chart? I would like to make my own chart with years up to 2025. In my opinion the lower line is very close to the real price of bitcoin, since it reflects the increasing demand (new accounts added to exchanges, etc.) vs selling pressure on exchanges. For the latter one can judge from the total exchange ballance, which has decreased from 2.8 mil to 2.4 mil in the last 6 months. We can easily find the line equation for each year so that for each day or month the price point is found. Something like y=(x/3)*1600+6400. For example at the end of August (x=8), the price for the bottom line is y~$10 666. We are over 10% above that, so all is good! What's your prediction For BTCitcoin by December? - over $12500 - over $13500 - over $15000 Me like- No one knows, end of story!  Easy. According the above formula, the price on 10th Oct. 2020 should have been (9.3/3)*1600+6400=$11360. Amazing! It seems that for one more year Bitcoin kept the 2x increase. At the end of 2020 the price should be around 12 800, according to the formula and the chart. We've been close to 12 500 already this year, so it is time to revisit and break that resistance. But of course, little above or below 2x is also quite possible. Even 15K-16K is not that far, only 40% from now. |
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