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1  Economy / Speculation / Re: Bitcoin: Is it possible to rebound again? on: June 21, 2021, 11:58:30 PM
All the longer term members will tell you the same, none of this action is new especially only the epic scale of moves; its all possible.   We will rebound, the question is how far each wave up reaches relative to various time frames.   The way to frame price action is like a tide receding or advancing on a beach, we can have complications to that larger view but in sum total we move on weekly bars with trading in between.
  The 4hr bars are for trading, a proper conclusion wont come without considering daily and weekly bars in relevance to each other.     We are approaching the 50 week average  around 30k I think it is now and thats an area to consider not in absolute way but as a measure of strength.



So this is 4hr bars but the most significant thing happening this hour is the close of the daily bar below price action we have kept above for most of 2021 so thats quite important to note observable weakness I think.   We can recover and trade back above that level tomorrow but at some point it becomes confirmed as a sequence that is negative in its nature and a new pattern can develop should we break a range being held ie. support lost.
   Take 31025 as the prior low and pivot to our prospects near term if you like.   There is no one signal to decide just a constant story to read in the charts.
2  Economy / Speculation / Re: Anything particular causing these declines? on: June 21, 2021, 11:50:30 PM
There will be lots of scapegoats but you already know the reason, trades go up and they come back down but the progress of the blockchain the protocol development itself is far slower.   We are living in unique times where the worlds global reserve currency is being blown up while suspended in stasis by 20 year bond terms and such like but it has an influence now in easily raising the price of various assets which is deliberate action by the FED.   The real news is crypto development itself, speculative players should know we ride a rollercoaster and you better love all the curves we get thrown through.
3  Economy / Speculation / Re: tortoise and the hare on: June 21, 2021, 11:39:11 PM
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This guy's situation is quite similar to the case of women's shopping frenzy

I recognise that, especially men appreciate a bargain and hence since BTC was previously much more expensive then it must be a good buy now.    I would emphasize the regularity and duration to buying, unlike clothes this is a fungible asset which gives it liquidity and a premium as highly tradable.   Its no good to be buying at 40k in some frenzy but not also buying now and also next month and so on.    It will get quite hard to keep buying with optimism, this is what markets do they wear out people till they give up and then its very close to the bottom price usually presuming the underlying situation has not altered greatly which is the case afaik.
  Never overbuy, if you have bills to pay within the next year with the money being spent now then dont spend it; it can take that long as BTC somehow is both the tortoise and the hare.  Come back when free and clear because its almost like the job of the market to test the strength of peoples resolve, leverage and borrowed money is the first casualty.
4  Economy / Gambling discussion / Re: Vegas Casinos to allow Cannabis Lounges. on: June 21, 2021, 11:28:53 PM
Its more a freedom then an active element to influence gambling outcomes, now people wont have to sit in their hotel room to smoke they can do it while they gamble which is great and reflects the changing laws on a relatively harmless drug.   It'd be great publicity for Casinos to bring in some celebrities like Snoop Dogg, I can see them sponsoring him to come play on that basis to emphasise the change as who is more iconic then him.   He was involved in a few game launches and streams on twitch, he left the channel open all night once by accident which is pretty funny but nice he is a real character people appreciate.
5  Economy / Speculation / Re: Game over to Bitcoin Time to sell all on: June 21, 2021, 09:44:39 PM
Its a negative play but its more of a trading situation then anything especially negative fundamentally imo.   A big rise unwinds and is quite normal, now the greatest interest for me is to speculate on the bottom pricing where as before we had many guessing the highest prices.
   We are breaking range, that matters and its will trade further down out of this range but nearby is the 50 week average which I think is the immediate consideration rather then the idea its no longer worth being part of the market.   Its far more profitable to observe and engage both sides of a move, up and down and we'll surely go back up imo
6  Economy / Gambling / Re: Duelbits Self Exclusion NOT Honored on: June 21, 2021, 01:20:53 PM
Ideally a ban would be automated and far quicker to avoid any hesitation or relapse by the individual right through varying levels of cool down.   There is no perfect solution to such a problem because of such a range of companies that operate in the industry.   Even if all companies had a universal ban which isnt a bad idea it would still probably have some gaps in it somewhere, the best idea is going to be treatment of some kind or a support group who faced similar challenges.
7  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: June 21, 2021, 11:43:04 AM
the only case I would buy FUN tokens would be to get the premium services of freebitco.in

Thats my whole assessment to holding any really, is the prospect for BTC itself reasonable on year to year basis and similarly would the tokens aid in holding any reasonable balance I might have for that duration.  If I will be using the site anyhow then why not and if thats the case for me then would it also apply to others, sure then there is a case for having the tokens held.   The price both of the token and BTC itself will vary, heavy speculation and flows in demand and supply will vary but ultimately it will fall back to those brief questions first asked is there any usage case.
  I've expected a fall back in BTC since Feb, guess I jumped the gun there some as I often do but the token is new and arriving mid cycle for this so its going to take a while to adjust in I think especially as benefits take a year to come into play so thats at least how long I'd expect a proper grounding for the price to take place on.
    Anyhow I got another 5000 prize today, I dont expect too many of those too often but I think its already some use to me ongoing and makes it a bit more of interest.   I do think BTC will take some time to make further gains, theres some waiting to be doing so interest is a positive.



Congrats on making 1370th site on the net which is pretty massive considering the breadth of the net now.    I got a warning today for the site which I take quite lightly as they'll warn about anything, Microsoft warned me about Google with no love or respect lost between the two Im sure they'd block the other if excusable.   These companies try to funnel traffic for their own reasoning and revenue not safety half the time, youtube regularly introduces illegal scamming and theft to their viewers (no other broadcast medium could get away with this) and there is no warning from anyone about that really as its good advertising revenue.  My main check for this site or any was HTTPS in the URL which is the main concern afaik.
8  Economy / Speculation / Re: Angry on: June 21, 2021, 03:40:36 AM
I do doubt 100k this year but it wont take 3 years and China is a failure to its people many times over from any belief in communism and dictatorships as a means of management; its obviously peak centralism.   Did it only just occur to you that a military that slaughters its own people and harvests organs from its political opponents might be in some conflict with an instrument giving financial freedom.   They banned BTC in 2017 and they'll ban this year, next year every year it sounds good, no surprise is warranted.   This is more so a trading sell off, China controlling less of the network via mining is only a positive from what I can tell it helps diversify possible failures.
BTC had plenty of action previous to this despite many setbacks, it'll be ok in future years also.  Near term we have action and volume to revise certainly.
9  Economy / Gambling discussion / Re: Vegas Casinos to allow Cannabis Lounges. on: June 21, 2021, 12:44:05 AM
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to ensure that people loose more

Lose more, no I dont agree its that much of a cynical move beyond the obvious idea of further raising revenue and taxes available to the state.   Obviously its going to be popular but cannabis is not the impairment you might imagine it or not in every case I've seen.    Drink is far more effective in disabling people generally and in sound judgement so if it was to impair ability to play  and avoid gambling losses I think they'd stick to drink.   In this case I think its just another way to attract more people and business to the gambling arena which of course will raise wins and losses and more profits for the operations, should be successful without being especially exploitative.   Obviously its further establishing gambling and related activities as very much an adult pursuit not to be taken lightly.
10  Economy / Gambling discussion / Re: Why the martingale system sucks! (doubling down on losses) on: June 20, 2021, 11:59:27 PM
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the easiest thing or strategy

Path of least resistance this is known as, its the average determiner for many things especially outcomes and probability analysis.  The only way really to beat the odds is to do the hard work or take the long road in method to achieve a result thats not expected ie. a win for the operator is the usual outcome to expect normally.

Martingale is popular for its simplicity to comprehend, pass on as an urban legend and also execution is quite simple.   If we have a quite effective method its not likely absolute in its logic but a series of wins and losses that gives a net result that is a possible profit.   Its very hard to beat a house advantage, the best chance is vs other players in some shape or form and just know the game better.  Obviously there is poker for a direct game or sports betting is a bit more indirect and probably a few other games, I recommend all of those choices vs another attempt to make this 'system' work.
11  Economy / Speculation / Re: Number of transactions declining in last 2 months. on: June 20, 2021, 11:10:37 PM
^^ The last point is important I think in that a proper market has to have an advantage to the lower prices as well as the higher prices.   People gaining or losing on their trades does not matter so much as the underlying gain by actual regular users so it cant be stated enough that lower fees and the lower pricing to BTC even could raise genuine interest from longer term user base and that is why Bitcoin does not collapse as so many have predicted so often.    Same deal could be applied to almost anything, especially commodities in that somebody has to have a use for that product and ideally they are gaining when the price is dropping so in that market there is a buyer and a seller and somebody is always winning hence we continue and longer term Bitcoin prospects remain on track imo.
12  Economy / Speculation / Re: Bitcoin will not be able to stay above $35k for 10 consecutive days ever again on: June 20, 2021, 10:50:44 PM
Always welcoming of the negative sentiment, the ideal is a whole forum section of gloomy thread titles.   Since this is speculation section, does it matter much in any wider picture if trading sentiment reflects prior action;  like bonds all markets are overly fixated near term.    If I see blanket gloom I will have to force myself to saw off a leg or something to buy a bit more Bitcoin because it represents such an obvious contrarian opportunity in the spirit of everyone standing on the same side of the boat, it will correct.  Actually I have digital items in an isolated market from crypto that'd be ideal to swap in a good low.

I think 35k is off as a thread title and even 30k also.   We have a regular pattern from high to lows right now thats fairly neutral overall.    We're in a range, its too early to especially call it negative going forward and too late obviously to make cash from the sell off the highs.
13  Economy / Speculation / Re: nothing to fear but fear itself on: June 20, 2021, 10:40:42 PM
Not everyone is fearful, we're not near 2008 xmas time that was a pretty nasty sentiment push and it was a false low in a few ways because I think someone was trying to upset the market and achieved that to some extent.   The low of last year was more natural then 2008 and right now I dont even consider this close to as negative as we saw back then, its a trading pullback which due to the epic scale of the BTC gain and/or Dollar losses in the last years its a very big pullback but still natural relatively.

Inversely we may 'need' to shock a few more people off their chairs, thats just the nature of the universe and still within bounds.
14  Economy / Gambling discussion / Re: Prayer and gambling. on: June 20, 2021, 06:29:43 AM
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in a manner that our bets are opposites

There is no prayer for interference in human free will and events but this is not uncommon logic.   In past wars one side would often claim to have the backing of god therefore a passage to victory, these are all misunstandings.  A prayer in my understanding can only be said for the benefit of others and never to win gambling risks, the only chance of any success is work through people and a person in the bet has no personal fight past money.  I totally believe OP when he says many do this but I only hope it clarifies that persons thinking for a moment, nothing else would work same for many hope systems to betting.
15  Economy / Speculation / Re: Number of transactions declining in last 2 months. on: June 19, 2021, 11:59:02 PM
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a lot of those that were willing to trade their coins got completely destroyed by the correction

This is just natural revolution, they have lost nothing till they sell so the question is why were they forced to sell and if its by their own hand then we cant really blame crypto for their losses but themselves.  Usually its about leverage and trading multiples of what they have the ability to own in that time, if I see a frothy market I know these people are always going to get caught out because its just so tempting to act this way but no money is free there is a risk and cost to their actions.
   Long term we have a net bias upwards and positive gains from utility and the help that BTC can give to people across the world to enable commerce that might not otherwise occur and save people especially in countries without any stable currency.   I can remember Zimbabwe blowing up its currency before BTC was around, people were devastated the ordinary poor and workers which is most of us.  Without a stable way to exchange value it reduces all business and harm occurs so they had to resort to grams of gold which is really not practical to carry out and the prices to do this were horrible, something like 1 gram of gold for a bundle of bread.  BTC is not just a play thing, it can help people and I hope it continues to improve this far more then I care about the absolute price moves, alot of transactions are speculative based but actual business settled matters most.
16  Economy / Speculation / Re: Is $65,000 the peak of this bull market? on: June 19, 2021, 11:52:29 PM
Rather then try to determine the top of the market its more profitable to discern the bottom pricing and how secure we can buy on various time frames.  Its far more likely there is no top, thats my attitude that we have a greater distance upwards then downwards to cover even as a trade thats the better direction to consider.   For the moment we've been capped at near 40k from a few perspectives that was a reasonable area to rest, of course speculators cash out and we pull back but that just makes me consider where we can rest to mirror the recent top
17  Economy / Gambling discussion / Re: Big companies finally had enough of the excessive tax on: June 19, 2021, 11:49:01 PM
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raise cash for the financial year amid the struggles
This whole idea is a tale as old as time, government short of money seeks to confiscate funds from private people and company operations.   What is proper policy is to increase revenue in order that government is supported by a country doing better, to confiscate is too close to ending that business, sector or people even may flee the country.   This isnt an alien event in any country really, I can remember reading about how The Beatles famous band of the 60's were forced to leave the country and record an album on a remote tropical island where they would not lose most of their earnings.   The UK government later went broke in the 1970's unable to balance their budget the IMF had to bail them out and they would reform and revise laws in order to aid business not destroy and take funds, took a decade to fix though at least.   Very common unfortunately and the currency lost a great deal of value.
18  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: June 19, 2021, 11:14:04 PM
I noticed similar and immediately thought people will spam if they can, prior the fees were higher likely and it might be a greater risk now.
Seems like a reasonable offer considering its not that hard for a 5000 sat or similar prize to come up though you should not expect it and that easily covers most fees.   The reason why its not such a bad idea is we already fell into what is close to a reasonable long term buying area.  I had the idea a while back that 30 to 20k should it occur would be a value area to buy into rather then have any bias towards selling, so a deposit bonus seems good timing to me.  Depends on how you manage your own holding and deposit of BTC vs usage and any gambling etc. Im more biased towards retaining rather then at 65k area it was a nice price to sell even if reluctant to do so.  
   I think we're in a range is my take, hence accumulation is my rough stance though of course I dont know how we proceed Im generally bullish year to year despite the turbulence.  I dont mind buying tokens  a little every week etc.  apprehension in the price makes it cheaper vs hype

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In that case it's not free, you are risking your btc to increase your interest rate.
Everything is a risk, to even get the full benefits is a long term hold and really not everyone will want to be involved that long.  The wheel spins are immediate bonus from buying tokens now though, thats changed
19  Economy / Speculation / Re: Mining plants in China are shutting down. How will this be reflected on Btc on: June 19, 2021, 04:33:55 AM
China is probably seeking to promote its own home grown alternatives to BTC where it has so far failed to corner as a market or in mining.  I believe they are incorrect to think they can do better but who will argue with the Red Army so let them try, the dynamics are natural not dictated.   Less miners in China is probably a positive for the world and Bitcoin, perhaps China will inadvertently advance crypto by their attempts but the first moment I hear they intend anything new as a centralized politically controlled system I will know enough.
20  Economy / Speculation / Re: Bitcoin to 13k. FORECAST on: June 18, 2021, 11:59:17 PM
Failure to break out of range upwards suggestions we can once again test the lower boundaries to this recent lower range for BTC pricing for the 2021 trend.



In summary its mostly been sideways while tracking between these two extremes during the last month, a really good trade comes from anticipating some new trend on any timescale but for the moment we are consolidating at best.  Its also possible to speculate this failure to recover higher prices could lead further down but I dont see thats a foregone conclusion just yet.
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