Take a positive from your walk home.  People are moving so fast in modern life, so occupied with doing something else while they are travelling, maximising their attention in every possible moment they miss the simple calm thoughts that are required for a good direction in life.

The walk could be considered a negative, you had to expend more energy to get home and maybe you were hungry and thirsty by the time you arrived.  Or it could also be a negative, some exercise, some time alone to consider your overall strategy in both life and also your past times like gambling.

It could easily be you gained from what you saw as a negative event.  All depends how you handle it and your frustrations maybe.    Alot of things in life can turn out ironically, we are greatest in our recovery not so much just winning and being lucky.   Hopefully you get what I mean.

I do think its best people only spend what they have spare, so this forced time out by walking home was symbolic perhaps and you took further time to collect your thoughts and come back stronger

Its the average price over the year that probably matters most.  People often look at 200 day average and also 50 for these reasons.

Heres the reaction by price to some support today, the targets overhead are 6500 and 6800.   Measure it negatively by the supportline just underneath current action I think, this price relates to the late June recovery so we do not want to lose this while retaining a positive price attitude 

1.   This was security of 3rd party sites not the protocol

2.   Perception matters such as confusion on failures in security being associated with the operation.  That is a large part of growth, perception and practical experience

3.   This one is just politics and ultimately Bitcoin should transcend such factors and in this it is a strength not a weakness.  Politics is in potential a negative for every personal freedom, BTC must be a positive to be of use


Heres a similar article I read laying out feasible dynamics, might be of interest:



https://www.bloomberg.com/view/articles/2018-07-11/bitcoin-looks-more-like-gold-than-a-currency?utm_campaign=socialflow-organic&utm_content=crypto&utm_source=twitter&utm_medium=social

Bitcoin is quite unique as a commodity.   They arent going to produce more in reaction to any greater demand, almost every other product or commodity you can think of will also see people increasing production.

So what happens with fixed regular supply but irregular demand is the price is likely to jump around more.    The price can certainly rise alot more just because supply will not reach demand, we just need that condition where all available supply is exhausted from selling.  Ironically I think some people are more likely to sell the lower we go, funny that they would have got more to sell higher but they will sell near to the bottom which is where demand becomes greater because every person who was going to release supply into the market is no longer on the sidelines.

Its a process of time and also the price activates peoples fears.  However Bitcoin the product is not changing by the price it goes to, its essentially the same thing not diminished.  I believe the fees levied against it did more harm to the product as it reduced the available participants to only the largest players.

Maybe previous damage must be unwound before we can see that recovery.    If Bitcoin is efficient it should continue, thats the bottom line I think.   There are billions of people out there who are really not rich in money but have alot of potential in their hearts, skills and talent they carry with them.   If bitcoin can enable the potential of human beings, even the poorest and as a product it does this better then other competing ideas like the Dollar or bits of gold then it will return stronger from this fall.  Its not just numbers but utility that matters in the story longer term.

As a bottom price that is nothing because the bottom is usually quite brief and not traded by a vast amount of people.   Just a spike down to 4975 as a reversal would be not be a big deal.    It really depends on how it reaches that price.

If we gradually descend then I see the upwards movement after as being much slower also.   I was actually expecting a lower price but also a short duration so not as quite as bearish as just reading the number alone.  I think the context of the price movement probably matters even more

I think its likely to first rest at 6100 area even if negative from here.    I think more likely is that it goes up first and confirms the previous pricing as a ceiling, that gives more confidence to the bears to sell or even add shorts to bring it down and gain themselves a profit.   Shorts tends to be very cautious about getting trapped in a rising price so they'll hop onto resistance as a good launch point for negativeity and a failure to rise through it could help their case.



BTC can spike up quite easily so I believe they might wait momemtarily for 6,500 to at least be nearby before opting to take a negative view with borrowed money/btc.   Generally I see this action as negative so long as we remain below that blue line

The most optimistic view I've heard is we are just tracking sideways while we wait to break through 6800, this is the most important place to switch sides and go positive if you see the market mount this price hurdle

Why should anyone have to hide honest intentions to spend money they honestly earnt.   The only negative I can think of here is people who go into debt to gamble, then yea thats risky and should be avoided and it probably become too much of a habit and should be discontinued not hidden.

How I spend a wage packet is my business nobody elses.   If I want to spend my earnings on a bottle of whiskey and a pack of cigarettes and ruin my health a little its my business, in fact because of the tax people should be thanking me for my additional contribution to the country's endless budget fiscal spending.
If one guy isnt paying taxes like this, the burden will fall on others some of who had nothing spare.   There is zero to apologise for or hide imo.   Almost all sites allow players to ban themselves, if you have any regrets then go ahead and suspend your access to the site

I'm not sure if I should really reply to this thread or not but I guess any site can be questioned generally.    The basic point is for such a long term business they have more to lose then to gain by any dishonesty.  Reputation, recognition and trust is hard to accumulate and is a large benefit of the operation having been around for so long.  

The reason I'm posting is that I recently went to setup a new Fortunejack account. Its a requirement for this campaign so I go to do that but realise I actually already have an account.  I forgot but I've been around crypto for over 5 years this can happen.   So great, I log in and its got a balance even after all this time.  I'm pretty sure I haven't used it for donkeys years but the account is intact with a nice bitcoin balance left over from when I last used it.    If there was any dishonesty going on they could  just scan unused accounts and capture unused funds like this.     So I'm just mentioning it accidentally as a test, they have kept the account integrity for ages now.  

Didnt this just happen, I thought there was a massive change in the law recently or perhaps it was a court review and the dust is not yet settled.   Gambling is to be legal in every state or did I get that wrong ?

Billionaires influence is not as great as the governments need to raise tax revenue to pay its debt.  Billions is little matter compared to trillions on the line for government.   I think they want to avoid global competition and every crypto gambling by making companies able to operate across the whole federal jurisdiction of USA not just special areas and native lands.    Ultimately it would be a familiar story if that did happen, state lotto just aint cutting it no more.

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=124876
FortuneJack Username: STT
Current Amount of Posts (Including this one): 3246
What other platforms are you active on (Like twitter, reddit etc.):   I use twitter and many forums including Reddit and discord daily

I remember these from years back but the all aluminium engine Ive not heard of before.  Is that an asset for the older car, I've no idea how people decide whats going to be popular.  On another forum I know someone got a F40 in the last market crash, its price appreciation since equals its acceleration.   If it was me I'd want to buy a De Tomaso  apparently is easy to work on

The funny thing there is a classic cars are often tax free in terms of an asset appreciation or capital gains tax.   Im not sure about fine art and other things, there might be a few assets which are actually quite clever to hold for their long term value or at least ability to hold value over time.    If you happen to also love the car or whatever asset then its a bonus.   This is easily arguable in terms of diversification, so long as you believe the price is not inflated wrongly for some reason its personal judgement on that one.


Also I post because I saw very similar article just recently - https://www.bloomberg.com/news/articles/2018-07-09/vintage-porsches-683-gain-fuels-returns-in-carmakers-homeland


Also would help to know a good mechanic.   In terms of the Lambo meme, generally people refer to new cars which often is a heavily depreciating asset.   Not always it depends on production vs demand but usually not a good idea, imo kinda pointless unless you also have the race track




Judging by a ratio could be of some use.   I think they are arguing the total market cap is overvalued if considering an average ratio vs transaction value done since 2010

Thanks

An optimistic realistic quote I read somewhere, market really will build on the annual view not the exchange swings and pops.

My daily view at least in a focused way has it on the line, teetering :p




Communism has its downsides for sure, the problem is confused but it effects us all due to the size of China with well over a billion and our reliance on their exporting.    The empty buildings used as tokens for land speculation might be ok if eventually it will be useful.  However China has demographic problems, the working population is dropping.  
   The country is still developing but this kind of empty growth could end up with them poorer over ten years imo, like alot of the world.  I've heard Chinese debt described as worse then any other  (worthless base worth though land is always worth something).   Jim Chanos is the guy to read on that I think, he is famous for calling out Enron if you remember that fraud scandal

http://money.cnn.com/video/news/2018/04/11/markets-now-jim-chanos-china.cnnmoney/index.html

However I think China is ahead of Japan in demographics and the debt isnt as far gone as Japanese decades of QE either.   Also they understand enough to accumulate gold in giant amounts, China is the world largest producer of gold and exports none of it and also imports and increasingly controls production outside the country also.  They seem to have some plan of sorts, not sure what as they arent capitalist and lock themselves to dollar devaluation.

Be sensible in risk taking, if people thought it was free money then no its never that simple.   Just sounds like people being a little lazy and gambling and risking 'it'll be ok'    
None of that means Bitcoin the protocol is to blame for public mis-comprehension, the price is really not a measure of success.   IF anything Bitcoin has risen while the graph dropped, by that I mean the utility of Bitcoin is higher now with its low fees then when we were at that peak.

I really was worried the devs were sitting back thinking $30 fees was just fine, its no where close to feasible long term and thankfully they found a solution and we are all now better off.  Sorry if people relied on a price to go up in a matter of months, no market does what you tell it to.   This is not a failure, speculators are competeting against each other to some extent and now the Futures markets with professional traders are also playing that game.  Long term BTC has a purpose and a genuine use to the world that should facilitate growth, commerce and liquidity between capitalist participants in global trade.

Thats all a big positive and if BTC can help the world then its going to be a success, just decide if you believe that or not.  If you think its all fake then obviously I wouldnt hold or try to guess when it might go up, I think BTC will be useful so longer term all this guessing is not as important

Any position should be built month by month not a lump sum taken from the capital value of widow and orphans.  Crypto is so cutting edge, its really not the place to just throw it all in

8500 would be a break of the medium term bearish trend.   That'd be enough for people to be bullish I think, quite significant.   

The standard moving average would be 50 day and 200 day.    Bitcoin isnt a stock so I'm not sure about a golden rule but some investment operations would only examine stocks trading over a 200 day average, apparently its a requirement for some and since everyone else in the market is smaller then billion dollar investment trusts we tend to follow in their wake.   
For Bitcoin I do not know if we should look that strictly at MA, its just a measure of momentum I think.

Theres nothing bullish in MA for daily long term that I see.  I think we are all speculating on a turn around situation which is harder.   The trusts trade certainities and market right could yield nice gains upwards but also its risky.   So I was tracking 4hr 50MA as a loose fit to positive movement since April thats just a weekly measure, about 8 DMA.



So yea that marked the bottom pricing recently, we could still call this positive but I would describe this as looking like a stepladder fallen over.   Its a bit stalled, no longer in the channel I drew in.

Someone called out 6800 as the tide mark or resistance a while back, its basically held that line for now.    I'm not certain on calling it as accumulating to move upwards or not

The ironic thing here is the Facebook company operation relies on people not making themselves anonymous but basically freely giving their personal data to be marketed to by advertising across the site or just sold afaik.    So crypto or at least the anonymous part of it is contrary to that targeted data business mindset they use, Facebook really isnt free.   They did try to ban accounts without verifiable user data at one point, not sure if they are still doing this.

That is a quite recognisable bottom when it goes to that spike down but its just like ritcher scale movement not really a sustained move.    At some point traders or whoever moves a large amount, it could be a collective recognition also, they see that low as a rejection and it becomes a buying point.    Same kind of deal to a spike up but it falters quickly, that becomes a trade short for some

Thanks

Thanks.

Thanks for payment and I will leave trust