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1382
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Economy / Speculation / Re: Apple is buying Bitcoin
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on: February 19, 2021, 05:33:17 PM
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ALL of the major companies, especially Fortune 50/100, will eventually have some Bitcoin on their balance sheets.
It's not a matter of if, only a matter of when.
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1389
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 19, 2021, 02:20:34 PM
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Found this blast from the past on an old laptop.
This guy never bought back in after the bottom. Just proves that day traders will never win; just buy and hodl for the long term.
My current advice is "Buy, HODL for at least 3 years 10 months"... Or to make it easier, just say "don't touch it for 4 or 5 years." I would say at least one, if not two halving cycles. You can't lose if you hodl through two. Of course "forever" is the best.  |
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1390
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 19, 2021, 01:38:25 PM
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Found this blast from the past on an old laptop. This guy never bought back in after the bottom. Just proves that day traders will never win; just buy and hodl for the long term. As it happens I never shorted at $520 and I never shorted at $430 either just as I amn't going to short now. Whether my $200 range call comes good anytime soon I don't know, but Bitcoin testing $360 is looking very very likely. Infact, I would go as far as to say that it is already written on the wall
I am not saying sub $300 this weekend. I am saying next significant support level is $260. Sooner or later, Bitcoin is going to have to test the upper resistance or the lower support. It seems pretty obvious to me which is the more likely of the two scenarios to play out.
I will take a much longer break from Bitcoin than 6 months. I have been against Bitcoin philosophically for some time but was addicted to trading it cos I was winning. Now that I am losing, I have no further interest in it. I will be back here to indulge in some empty gloating when Bitcoin hits $200 range like I said it would....and it will.
Sorry Ibian old bean, but $200 range it will be. Bitcoin takes these near vertical counter trend price spikes, rises 40% within a few days and then we find time and time again that there is no demand for Bitcoin at these levels cos the only real demand for Bitcoin is speculative demand. If people can't make money from it then they don't buy it and start selling it.
My advice to n00bs coming to Bitcoin now is don't buy Bitcoin right now. 1 day MACD is about to cross to the downside and with the manipulated short squeezing pump up to $540 aside, there is absolutely not enough interest in Bitcoin at these prices, to sustain these prices. Bitcoin is going to $200 range. I would recommend an upper $200 buy-in order and even if Bitcoin drops a whole lot further than this, there will always be an opportunity for the n00b investor to break even if he enters at a $260-$300 range. Buy-in now at $450 and by the end of next week, you may never see the $450 Bitcoin again for a very long time. Perhaps such a long time that your tolerance for loss will break and you will cash out taking a substantial hair cut.
I would certainly look to buy in sub $300 territory with a belief that a strong reversal must surely be on the cards should Bitcoin touch into the $200 range. Failing that, whenever I see an opportunity for a bit of upside and I feel comfortable enough being long Bitcoin. I was long Bitcoin just a couple of days ago, but didn't feel comfortable with it so cashed right back out.
You are last person that I would take Bitcoin call from. I just want to let you know that.
And I never said $200, I said $200 range. If Bitcoin hits $299, then I am right.
I am bearish on Bitcoin because it has been going down overall and will continue to do so. With that said, I shall never short Bitcoin again as I have discovered that engaging in this activity opens a whole psychological can of worms that I am not good at dealing with. By the same token, I shall never use leverage in Bitcoin ever again. The next time I shall buy Bitcoins is when we are back down at the lower range of the trendline. Next stop mid $200 range.
Once $380 support fails, then this will instigate a massive psychological change in the market, turning formerly strong hands to weak hands. Then the Bitcoin market will get to know all about despair. I said before, I reckon the $200 range lies ahead in the not too distant future. Quote me for truth if you like.
I have (practically) no market position that is affecting my emotional state. I say Bitcoin is going back to $200 range. If I am proven wrong than I shall be ready to jump back on if/when Bitcoin takes out and holds above important resistances (first being $480-$490), but will of course drop the lot the minute things start to look a bit shaky, as for me, my better instincts tell me that the writing is on the wall for Bitcoin.
In fact, I can't and won't give you credit for being "right" unless we see 250. That's your call. So until then, why don't you go do something else or stop beating your chest for things most other people know too.
$250 wasn't my call!
$200 Range is my call! Maybe not tomorrow, nor the day or week after that....But Bitcoin will grind painfully down over the course of time, interspersed with the odd 'spirit rekindling' counter trend rally of course. My sentiment couldn't be more apathetic right now, but when I put my mind or energies into anything, I generally find myself ahead of the trend. MatTheCat is calling $200 range Bitcoin! Before any further ATH can ever be seen, if indeed any ATHs are ever seen again. If this doesn't transpire, then everyone can quote this statement for truth to eternity whenever I rear my head on this forum. |
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1392
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 18, 2021, 06:39:19 PM
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do you remember on this worldwide COVID-19 crisis in 2020 and onwards?  there is a strong evidence from an research of an scientist of the University of Hamburg that the source is the Wuhan laboratory. +++ 17:31 Hamburg researchers: there are indications that coronavirus comes from the laboratory +++ The Hamburg nanoscientist Roland Wiesendanger compiled various findings from scientific studies, articles, reports in social media and other sources in the period from January to December of last year and comes to the conclusion: The pathogen Sars-CoV-2 is not of natural origin, but comes from a laboratory in Wuhan. The physicist cites the following points as evidence for these theories: - To date, no so-called intermediate host has been identified that proves according to the "zoonosis theory" that the coronaviruses were transmitted from bats to humans.
- A research group at the virological institute in the city of Wuhan has carried out genetic manipulations on coronaviruses for many years with the aim of making them more contagious, dangerous and deadly for humans.
- There were significant safety deficiencies in the virological institute in the city of Wuhan even before the outbreak of the coronavirus pandemic, which are documented.
- Against the background of these and other factors, Wiesendanger writes: "In summary, it can be said that there are very many indications that a laboratory accident at the 'Wuhan Institute of Virology' appears to be by far the most likely cause of the corona pandemic."
You can read more about this shortly on ntv.de. it took a whole year to collect all points for evidence: https://www.researchgate.net/publication/349302406_Studie_zum_Ursprung_der_Coronavirus-PandemiePeer reviewed, no? not yet. it's brand new and not all is translated to English. give the scientific community some time and that will be the bomb for something we cannot imagine yet i guess. EDIT: there was some evidence from other sources in the past too but I was cautious with my conclusion and confident the truth will come to the light sometimes in the future. You mean that it didn't just randomly emerge from the outdoor bat-soup stand in the wet market down the street from the lab, that's been operating for decades? What a shocker! /s
File this one into the trash bin marked "things that the masses will shove their heads in the sand and won't give a shit about investigating" |
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1393
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 18, 2021, 03:49:15 PM
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Briefly stated, the Gell-Mann Amnesia effect is as follows. You
open the newspaper to an article on some subject you know well.
In Murray's case, physics. In mine, show business. You read the
article and see the journalist has absolutely no understanding
of either the facts or the issues. Often, the article is so wrong
it actually presents the story backward -- reversing cause and
effect. I call these the "wet streets cause rain" stories. Paper's
full of them.
In any case, you read with exasperation or amusement the multiple
errors in a story, and then turn the page to national or
international affairs, and read as if the rest of the newspaper
was somehow more accurate about Palestine than the baloney you
just read. You turn the page, and forget what you know. Now if we could just all Average Joes to treat every article they read with suspicion first, then verify (or not), they'd get a lot smarter and more savvy. "Don't trust, verify." Gee, where have I heard that one before? |
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1395
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Economy / Speculation / Re: Calling top at $16500 (New speculation: Guess the price 19 Feb 2021!)
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on: February 17, 2021, 05:08:39 PM
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Wind_FURY - its patently obvious that CSW is Satoshi to anyone that has taken the time to find out for themselves. I am not confusing anyone, he is and he is proving it. NOT by signing a block (because then you would all suddenly decide that keys != proof of identity, which he has stated all along). Instead he is producing "a crazy amount of evidence" in court.
Would you have preferred "anyway it doesn't matter what satoshi thinks Bitcoin has moved on"? Actually, the Bitcoin community has moved on from caring about who Satoshi is, you're just too slow to see it. Bitcoin was an idea born from Satoshi; who he is (or they are) is no longer relevant to what Bitcoin has become today. The codebase has evolved over a decade by the hands of hundreds of devs, and will continue to evolve. It is open source for all to see and work on. No one person that works on it is special. Deal with it. It's only you small-minded idiots who still care about who Satoshi is and what that person(s) may think about the current state of Bitcoin at this point. Hence your infatuation with the total fraud named Craig Wright and his completely forked shitcoin.  |
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1396
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Economy / Speculation / Re: Calling top at $16500 (New speculation: Guess the price 19 Feb 2021!)
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on: February 17, 2021, 02:26:56 PM
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Wind_FURY - its patently obvious that CSW is Satoshi to anyone that has taken the time to find out for themselves. I am not confusing anyone, he is and he is proving it. NOT by signing a block (because then you would all suddenly decide that keys != proof of identity, which he has stated all along). Instead he is producing "a crazy amount of evidence" in court.
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1397
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 17, 2021, 12:45:21 AM
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If anything I'm the screw up in the family so wouldn't be worried about getting fiat back. My sister makes more money than me, however she works in Paris and wants a flat not too far, so that's around 10000€ for 1 square meter of living space...
My parents were both public servants so yeah, pretty socialists !
Wait...your sister makes more money than you do, yet you are being nagged to give her money??? And she live in Paris?!?! WTF dude? This is total BS. You've got to grow a pair and tell your family to fk off. Seriously. Boundaries dude. |
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1398
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 17, 2021, 12:16:53 AM
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Last week I had too much work and missed the time corn went over 40000€. Now it's firmly over that. My father is nagging me to sell, to give money to my sister (by selling), I told him countless times I sold enough (too much) and am not going to sell anymore until much higher prices if ever, but he continues, annoying !
Your first mistake: telling your family that you own bitcoin. Your second mistake: selling your bitcoin to give money to your sister. A third mistake you can't do anything about: having a Socialist for a dad, and a sister who is needy and broke. Tell your family to go pound sand. |
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1399
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: February 16, 2021, 09:40:37 PM
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I'm not really sure if "taking profits" in fiat can really be considered correct phraseology any longer.
I don't think you guys are getting just how far gone the current fiat banking systems are. It's like saying taking profits in Zimbabwe dollars, or taking profits in Venezuelan bolivars, argentine pesos ... at some point it's nonsensical to talk about taking profits if you're buying a higher risk devaluing asset
It depends what you're buying. fiat or an investment (which your home is not) then probably not but if you're materially improving your life (even in trivial or ephemeral ways) then I think it's fair. How is a home not an investment? Is rent free where you are? Your home is only an investment if you plan to one day sell it (for more than you bought it); if you don't ever plan to leave, then it's not really an investment. |
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