It's about that time of year. It only happens once per year. "Bitcoin Week" ... it really seems like it should be a thing doesnt it?

People buy a lot of bitcoins during those holiday times.

All nuzzled up all comfy in clean warm clothes, sitting on comfy couch next to the tree glowing, the scent of pine in the air, sipping hot chocolate! Might as well buy some coin on your laptop. Buy, hold, whatever it is...

So should we coin this and put a stamp on it?

And I need everyones support. Obviously once I'm in there, this place is going to start stepping up to becoming a smokeshow of talented traders. Let's clean this place up and do what it takes.

Contests
Journals
Specialists
Special sub-forum

Much more to come!

What would happen if we took a new trader, somebody with zero knowledge at all, and I give them I dunno, .01 Bitcoins for free, for them to get started trading with. What is that, about $200 worth?

But here is the experiment. The experiment is to have them ONLY read this Speculator forum and nothing else is allowed. They are not allowed to use any charts, not allowed to learn TA or FA.  They would just rely upon being just another bozo on the bus here at this Speculators forum.  So: all of their trades would have to be based upon what they read at this subforum alone.

What would the outcome be?  Big lose?  or Big win?

Amazon, will eventually decay or morph into other businesses. It is just the natural progression of all businesses.

When though? I was never a big fan of their business name. I do not like Whole Foods anymore. I like big box stores but I don't like how practically everything is sold through Amazon. It's just to big. Comes a point when people will all lose an appreciation for Amazon services because Amazon will take things too far and we will have a rubber band effect.

Any thoughts when and how Amazon will decline? Also in my opinion, Facebook is probably already past its zenith.

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

An insider with his ear on the tracks, whispered to me this:

The next much anticipated halving event will be a dud. There will not be a parabolic push up in price. It will steadily move sideways in the 5,000 range with low volatilty. Baffling everyone and flattening peoples interest in bitcoin. Meanwhile people will start buying and trading alts again and stablecoins will see a significant rise in popularity especially with big corporations.

So much for making big gains from the next Bitcoin halving event. You are all shit out of luck?

Who are the real superstars pulling in the money?  Is anybody top ranking like that?

Crypto or other stocks and other markets included.  Who's knows all the right moves?

Gecko...

Let's hear some Quick Takes on the inner workings of Bitcoin! cmon. Does Bitcoin really have what it takes to keep that Mojo up and running??? Long term?

Post your take in 3 sentences or less. Let's hear it. Keep it short & Sweet. And don't let back.

Is Crypto really interesting the old school crowd of traders? Or do they just do what they always did before?

Outside of the crypto world, I was thinking of opening a Schwab account for trading a few stocks and options.  I have heard good and bad stuff about their customer service.

What do you think?  It says that they have trading for No fees?  Does that include no fees for options?  How do you like Schwab?

[The Real McCoy]

I notice that some experts doing online trading journals just show you all their wins, and they hide their loses and anything stupid they did to lose money.  What traders out there sharing their daily trades are The Real McCoy?  I am sure that ever super traders make super stupid mistakes, then they just do not want people to think they did anything stupid. Where are their big loses at? Why do they only show their wins?


The Real McCoy

I am looking at the 1 hour chart and it is clearly in a teacup pattern.  What usually happens after the teacup handles?  Price goes up?  Down?  How do technical analysis experts interpret teacups?

Even though price of BTC bumped up yesterday from $7,400 up to 10,400.  Price is still in a downtrend.
 
I am not too optimistic just from one day of big green candles along with some announcement from China.

Heavily manipulated it is, more and more every day. Good bye.

Just remembering that old exchange from long ago.  Are they still in business or did they get shut down already?  One would think they'd be Shut Down by now.  Yeah they had their share of problems...  

This stuff is getting boring.

Coinbase Pro recently raised it's fees so high as to block out ordinary traders.  Binance kicked out USA traders.  Bakkt is not going to be too much different as they just keep raising the bar and implementing more rules and regulations, making crypto boring.  Gemini is just a greed machine too, while the people who own Gemini are already ultra ultra wealthy, and they just want to keep becoming more and more greedy.

It is just one thing after another everyday and it is all really boring news too.  Bitcoin is all just a bunch of greediness and politics now a days.  This is not a fun environment anymore.  It is taken over by greedy exchanges that are already rich, and they do not have to be greedy either, but the people who run the shows just sorta stuck on creating this stuff I guess.  It is taken over by people who's entire focus is just being greedy.

The actual cryptocurrency businesses out there that employ people are starting to get overloaded with pointless HR style jobs and soon half the industry will just be grouchy HR people, or grouchy bank people.  Also the crypto businesses all require college degrees, which basically guarantees that less creative people will be in there doing anything interesting.  It will be similar to how college administration departments became over run by tons of interns who are paid to just push paper and it makes college diplomas too expensive for anybody to obtain without going broke and into debt.

I also do not like all of the female-only cryptocurrency conventions and meet ups.  Why are they female-only?  Those are like giant planning committees that are planning to just take over and then add more and more worthless HR jobs into cryptocurrency company structure.  It really sucks.  It is like the whole industry is being taken over by lamo's who really do not have much interest in crypto but they can get jobs related to this stuff, and they can get in on some greedy level making everything unsustainable for everyone else.

Interesting.  There is negativity in the whole community too.  Try talking to anybody about your entrepreneurship concepts and everybody just throws mud on it like a bunch of Negative Ninnys.

End of rant.  I am thinking of taking up a new hobby.

For people trading $10,000 or less of transactions per month, the fees just went up.  In a few days, they will be more than twice the price.  So long Coinbase Pro!!!

My orders are still up too.  That may very well force me to take loses on my exhisting trades since this only a few days notice.  Coinbase is not an ally anymore.

 

Alright so Bakkt launched this thing and then the price of Bitcoin sank faster than whale shit.   What happened?

How do I sign up and get an account at Bakkt?  Did Bakkt get rekkt?  Or did Bakkt do the rekkting?

[$5,000]

$5,000 will be the next support range and $8,500 will be the resistance, and no higher.
 
Welcome to the new Winter Time kiddies.  Better bundle up!!  

Over the past few days Bitcoins RSI dipped down on multiple time windows and it went down pretty deep.  Dip dip dip!  Any thoughts on this dip?

Is this a healthy dip down?  Will there be a slow dip, a medium dip, or a fast bounce back?  Are you spotting any contradictory signals to this that I am missing here?

Is trading crypto on your own with no employees and no storefront categorized as a real business?

If you profit $300 per year from this stuff, is that considered a business?

How about profiting $3,000 per year?

Or profiting $30,000 per year?

Where does trading online take on all of the aspects of being a legitimate and identifiable business?