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—Impulse (2nd chart)
An ongoing Impulse rising from the 18-DEC-2019 low...
Confirmed if price advances beyond the 26-OCT-2019 low.
Eliminated if price declines below the 04-FEB-2019 high.
Did you mean: Confirmed if price advances beyond the 26-OCT-2019 high. Eliminated if price declines below the 04-FEB- 2020 high. |
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I am going to guess that we will not get that low. There is still interest in the space and BTC is deflationary. Many alts are going to go to zero.
There are people claiming we will see 200K per BTC a couple of years from now. They are delusional. The amount of money that would need to flow into the space to push the price that high would be immense.
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For the market to grow like we all hope it will, regular people are going to have to come in droves. You can bet that more coins will be lost.
Matthew Mellon was rumored to have $1 Bill worth of XRP. He died last month and apparently his family have been unable to recover the funds.
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Do you really get rekt every time, bones, or is it just preventive whining?
(You're free not to answer this, of course. It's just a cocky opening.)
I'd try and make the bet smaller relative to my playroll, keeping leverage at maybe 3 tops, 1~1.5 even better. "Going long" can actually mean buying a few cents and stashing away. So can "taking profit." Increasing the amount in the freezer is probably the most hopeful subgoal to gambling with 100% house money.
I mean: you know a few things about retirement and taxes. I'm sure you made a few calculations. I know you understand this magical internet money fairly well, too. Come on.
To be blunt, my finances are a horror story. I truly am REKT. My cryptocurrency portfolio has never been large. We are talking less than 1 BTC worth ATM. Also, everyone knows the saying that those who can't, teach. Definitely applies to me when it comes to retirement. I have jack shit saved up for retirement and I am 50. I basically live paycheck to paycheck and the balances on my credit cards increase monthly. I have been working the same job for 15 years and I am probably way overqualified for the position. I hate to admit it, but I am truly an unmotivated loser. What has been nice, starting in November of 2017, is that I did get to cash out on my cryptocurrency profits to keep my head above water. Unfortunately, that well is going to dry up rather quickly. Especially if the BTC market keeps going with the current downtrend. Sometimes I'm just tempted to liquidate all my meager cryptocurrency holdings right now. However, a part of me wants to hold on for as long as possible because quite frankly, it gives me a little ray of hope that maybe things will turn around, and I can delay the looming bankruptcy filing indefinitely. I will probably regret this posting, since I have bared all to practical strangers. Oh well, at least it was a little therapeutic to have my own pity party. No point liquidating now (RSI is almost 30) if you have less than 1 BTC. If its any consolation, most of the world lives paycheque to paycheque. I also have less than 1 BTC. |
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r0ach what do you do for a living? Ive been curious since I started reading the wall observer thread.
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Maybe there is some news we havent found out yet that is causing this dump.
Looking at the past year the rsi is currently just above the China ban, Feb 6th and April 1st levels. I wonder if 6800 will hold.
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20M in buy orders just went back on stamps book. Weapons hot!
And so it begins, will this dry the current blood in the streets ? or will more blood be spilled ? Stay tuned.. Buy wall or buying up the sell orders? Let me refer you to Icygreen, i'm just an observer in this Wall Observer thread. By the way to OP : great thread you created..... RSI 2014/15 levels over sold indicators peaking a little lower and there will be no lower feb 2014 to march 2015 was the only time RSI was lower than now (other than 2011) boom coming soon (mt gox sell off could hold market back for a while though) - meh manipulation What time frame are you looking at the RSI on? Thanks |
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If price breaks 6.2k, get ready for 5k, then maybe 3k
No way it goes down to 3K without a large bounce. The RSI has went from 70 to under 40 in the past month. |
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It is interesting going back to old wallets and scrubbing them for "dust" these days. I went to my old BitPools website files and knew I had used a few test accounts to make sure the whole process worked with some small amounts of bitcoin. Turns out those small amounts were .5 BTC each. Around 7-8 tests. I had to write some scripts to scrub a few 10,000 keys files but it paid off...literally. Now I get to gather all of my fork coin bonus points. I'll probably throw most of the found money into varyon. I see it as more money to go toward my future seastead home. Must be nice to find $60K you forgot about lol |
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Those stats are pure bullshit. Not a chance 50% of the world is knowledgeable about crypto. Only a small percentage of woman are into crypto, which just about destroys that stat.
I would guess less than 2-5% of North Americans could explain what Bitcoin public and private keys are and how they are used. I would consider that topic crypto 101.
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The problem with any such program is the handling of money by institutions. The moment it becomes institutional, only those with authority and connections can pull the levers for releasing them. This is where personal discretion comes in and people are not immune to the corrupting influence of having to handle a lot of money.
This could probably work if it was done all with BTC in a completely transparent and traceable way rather than setting up separate bodies for disbursement of UBI. Also, people taking individual responsibility rather than delegating it to one big body would be a much better solution. Not everybody has the time and intent, but it can still work.
Yeah im sure it would work great. The general public can barely tie their own shoes. How many millions of dollars would get lost or hacked in the first month of such a scheme? |
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Wouldn't it also be unfair for rich people who worked hard for that money?
Or maybe its unfair for others who work hard but arent rich. Im no socialist but its naive to assume that working hard gets you rich or that all rich people have worked hard. Being rich is more a matter of circumstance than working hard. |
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and I agree fuck him.
Im reading "Digital Gold" right now and it makes him out to be a clown who was in way over his head.
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Which explains the dump we just had. Fuck Karpeles.
How many Gox coins left to move?
150000 lol I dont see the new tether being printed on their site. |
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Well.... I have good news and bad news for you.
What do you want first? Ok let's do the good news.
The good news is $200 million tether just entered circulation.
Bad news is the MTGox coins are moving again.
16000 BTC moved today, or about $140 million worth or so. |
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12288 game: June 30th 2018
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Just a warning to everyone that reads our forum. This thread is infested by traders dreaming to buy at 2-3K. The desparate trolls are posting on each page with the hope to influence the market. The truth is that there are many hodling thousands of bitcoins that are not going to sell them at these prices. The professional traders look at the ROI price for the miners and see it as the bottom. Currently this is in the 7K-8K range. With the new mining devices the profit will decrease, so even before the halvening the BTC price will climb significantly. Moreover, recall that in Jan-March 2017 the price oscillated in the 800-1200$ range. This year is the same old story, only that BTC added another 0: 8K-12K. Don't trust the bear trolls! They know BTC will add another 0 in the coming years (maybe months) to the price. These guys are pretending to be successful traders but 99% of them are complete failures. They just spread FUD with the hope to turn the few bucks left from the altcoins fiasco to millions, buying as low as possible! All this is just "food for thought" for the noobs who believe Tera and co are sincere in their 'realistic predictions'.
I bet in December you would have called anyone claiming BTC to be $59xx on February 5th a "desperate troll" too. The fact is nobody here really knows whats going to happen. Just because it costs the miners $X today doesnt mean shit. Trump could make a comment in passing about enacting laws banning crytocurrency and the price would be $2-3K by tomorrow morning. |
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It seems this sideway action leads to 10000 in April.
And then... who knows...
The general consensus is we are going down further, maybe to re-test the 6k range or below. Im hoping we do so I can go all in. What a great opportunity it was last time and I missed out. I dont plan on making the same mistake again. |
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I know an investment adviser with 500 clients. I am the only person he knows that holds crypto.
I know quite a few business clients that come into my work, they are mostly middle aged or older. none of them have a clue about crypto. I know someone in their early 30s who manages peoples wealth. Ive been told his book is worth 800 million CAD. None of that is in crypto and he would not advise them to invest in it either. I believe adoption is much lower, maybe 2-3% who actually understand, purchase, secure and follow crypto. |
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This is great news. Only 8% currently own cryptos, and another 8% plan to. IOW, the number planning to get in will double the ranks of crypto owners. BullishAF. Assuming that's correct, we'll be in for another mega-rally. Not entirely convinced about some of their numbers though. Adding up the amounts invested works out at around $70 billion, for example: | Coin___________ | Pop. % | Avg. Invested (USD) | Total Invested (USD)* | | Bitcoin | 5.15% | 3,453.89 | 57,631,610,000 | | Ethereum | 1.80% | 1,243.42 | 7,251,625,000 | | Bitcoin Cash | 0.90% | 636.22 | 1,855,218,000 | | Ripple | 0.85% | 299.06 | 823,611,300 | | Cardano | 0.45% | 84.22 | 122,792,760 | | Stellar Lumens | 0.40% | 151.38 | 196,188,500 | | Other | 0.75% | 388.33 | 943,641,900 | | | | 68,824,685,880 |
*based on 324 million Americans.Thats complete nonsense. Not a chance 5% of americans have Bitcoin, let alone each one of them putting $3500 into it. Can you elaborate why not? I think that people speculate that the total world adoption is likely less than .5%..... which would be around 35million... and the article seems to be speculating about 17 million americans, when maybe less than 10 million would be more realistic, maybe even less than 5 million. At my work I interact with hundreds of people of all ages and backgrounds on a day to day basis. While many of them have heard of Bitcoin (largely due to the mania at the end of last year), I estimate 99%+ could not give detailed instructions on how to purchase, move, hold and secure BTC. 99.5% could not explain how BTC and its blockchain works. I work with 50 people. Only two of us have crypto, despite everyone talking about it last year and me convincing people they should get into the space. None of them pulled the trigger. If we are talking about 8% of 25-34 year old males, then maybe. But 8% of everyone. I just dont believe that. |
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