CME Futures at an inflection point. Anything but upwards breaks the support line. Which is not really a desirable place to be.  |
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And just like that the thread devolved into toxicity once again.
'democracy' my Great Aunt Fanny.
This is bitcoin, people, where capital rules and people...
...well they just don't.
Democracy is the worst form of government except for all those other forms that have been tried from time to time. |
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Welcome
The country that brought us democracy, gyros and ouzo. How good is that !
I think they also invented lesbianism
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Bitfinex long / short ratio now over double previous ATH. Was about 3.5 to 1, now 7.6 to 1. Bitmex funding costs haven't moved. In fact, demand for shorts exceeds demand for longs (shorts pay longs). Something is fucky.  https://i.imgur.com/zg4Iw4c.png |
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With all due respect, why should the bank insure your bitcoins from being stolen when you have access to the private keys and could steal them from the bank at any time?
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So an update. We have made good progress in the last couple of days since the most recent post below. The short term downtrend line has been invalidated by the price breaking sideways. Which is a good thing, although we still need to do something about this downwards channel we are in. Looking forward to seeing which of these lines holds. Hopefully it is the base line support coming from down below.  Some context for that base line  New chart below - you can see we have broken through the mini downtrend. It's almost like we are starting to get support from the deep.... Support from the deep could help us break upwards out of our current down channel.  If support from the deep can hold, it can carry us back up to $14k towards the end of next year. Which would nicely position ourselves for a run at a new ATH in early - mid 2021. Which would be right on schedule. Obviously it wont be in a straight line, but you can see the intended principle for a V shaped recovery.  |
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By the way:
This week i was up for a visit to the bank. A bank of which i am not a customer of.
As i don't really want to keep my seeds and (future) paper wallets at home, i asked for the price of a safe and if the contents are insured an all.
Mr. bankster asked me about the value and physical size of the entities i plan to put in there, so i said it would be foldable paper and a handful of items of the size of a matchbox. When he asked me for the value, which determines price and insurance, i said it is volatile in value and it might be anything between x1 (by current btc price) and x100 or even more in the next 30-50 years. So Mr. bankster said he has to contact his boss, who is the local manager of the safe, who in turn should call me on the same afternoon for speaking about details and possibilities.
I never heard of them again, no call from either of the two.
Well, this leaves me with the impression that safes seem to be a pain in the ass for banks (or this bank only, idk).
I found it quite unfair to base the price to rent a safe on the value of the content. Insurance, yes, that didn't surprise me that much. Seems like they out the amount which was estimated the value of the safe contents for. I can't just pay only for the safe and insurance covers the value of all that's in it, in case of physical desctruction, theft and loss. Bank safes are not for the storage of valuables. It’s in the terms and conditions. I kid you not. Also the #1 way to lose bitcoins is to have a passphrase that is not written down. Best way is to split the seed into 2 parts and store multiple copies into multiple geographically separated locations, preferably offshore or at least at the other end of the country. |
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So what this basically tells me is that its likely that we will reach $13,900 on or near the day of the halving, and that this bull market is more than likely going to be similar to the last one, although it moved differently , it will come back to that line and go above and below it.
Yup that’s pretty much it. |
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2016 Study  2016 Study applied to 2019  |
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Can we climb the wall of worry out of the downward bear channel? Lower green base line is same long term base line shown in charts above. Is it the ladder to the halvening or is it the final capitulation trap? Will have to wait and see.  |
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Looking forward to seeing which of these lines holds. Hopefully it is the base line support coming from down below. Some context for that base line |
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Happy days all on track  |
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BMW is for turkish peasants. AUDI is where it's at. GET ON MY LEVEL!
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If fish live in it then it doesn't meet the definition of standing (which becomes stagnant) water unless those fish can breath air. There are some species of fish that can breath air and live in stagnant water but they are far and few between. Without circulation oxygen is not replaced in water so the fish will slowly suffocate.
True but how small is it? You can (should) put oxygen weed in it. Oxygen weed needs sunlight. Isn't there some bug/beetle/frog that eats these damn larves? If you want to keep mosquitoes out of the area where you are relaxing... well, they hate blowing air. Is this a puddle in a cave? |
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If fish live in it then it doesn't meet the definition of standing (which becomes stagnant) water unless those fish can breath air. There are some species of fish that can breath air and live in stagnant water but they are far and few between. Without circulation oxygen is not replaced in water so the fish will slowly suffocate.
True but how small is it? You can (should) put oxygen weed in it. |
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Plenty of small fish can survive in standing water and voraciously eat mosquito larvae.
Our pond is a mosquito sink.
We have fruit bats. They hang out in the trees when flowering licking out nectar.
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^Nyet
But i think Phil_S or me has a good chance of winning prediction game...
Oh my!!!!! You are talking about these kinds of numbers for December 31. >>>>>>>>> 6400 Phil_S 6500 JSRAW <<<<<<< Cannot be looking towards either you or Phil_S for bullish inspiration, unless you change your mind(s) before then, at least not until the beginning of the year, perhaps? I hope that both of you guys are wrong by a lot of numbers... In other words, orange number go up!!!!  Hahaha, its just a small phase JJG.. don't forget we are on same boat And why both of us are wrong? please tell Phil_S is wrong, then i might share my winning with you.  Hairy bairy has a decent and potentially reachable number.
>>>>>>>>>
9200 HairyMaclairy
<<<<<<<
I am going to root for something in that arena - give or take $600... 30 days away, approximately. I think, at current scenario Hairy might want to reconsider his calculation or may be he can give new numbers? he helped me with his vodoo thingy here and there. So will settle with his new numbers. How about you pitch in and give us some number ? No TA or any diplomatic response (in which you excel ), only number, what do you say bhai ? I would love to back you up but no one is 100% sure in the cryptoland as far as short term is concern (which looks ugly atm). Long term case is different ball game though. In the end speculation is all about cheer leading IMO. majority back their claims with TA and in my case SOMA so it means no harm whatsoever. I can’t tell you end of year. My crystal ball stops at mid December. And it says it’s going to be quite a bad time until then - low $6k / even high $5k possible. After that it’s all grey mist. |
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