OT : Every wonder why people like Warren Buffett are so calm during major stock market dips like the one today?
It's because he and the other Billionaires know a secret. The secret is that the entire U.S. stock market is now being managed. Heavily, centrally managed.
You see, when the Fed pumps out hundreds of billions of U.S. dollars over nearly a decade, gives it to Central Banks, who loan it to corps with virtually no interest, and it has no where to go (e.g. not going to CapEx, infrastructure, wars, or wage increases, etc.) then it goes into stocks (and specifically stock buybacks). But, they can't just pump it in all at once, so it's a constant steady buying over years. Decades even. A melt up.
But they can't just buy in a straight line, because that would be too suspect and certain hedge funds couldn't make profit, nor traders, etc. So they "engineer" these little bull runs and corrections. But it's all just for show.
We're all in the Truman Show melt up. Doubtful we'll ever see a U.S. stock market crash again, because the Fed PPT is there to continuously save the day. The Billionaires know this. And it'll continue to work.... until it doesn't anymore. Queue the hyperinflation.
BUY BITCOIN.
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Eh, WTF? chili fries, watch it bud Its called Poutine and its fun to say. Poutine is with gravy, not chili. Original Joe's is a steakhouse that originated in San Jose, California, and they serve steak with fries as an option. The original is gone (I think) but many still exist up and down the Cali coast. Sheeit, in the Midwest and South you see steak served with fries *everywhere* (outside of a 5-star restaurant, that is).
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Another Tom Lee photo fail. SMH.
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Do they know about segwit transactions? :-)
Maybe they don't even know about the forks/airdrops that forced everyone to move ALL their coins to claim them nor many other factors that were happening during that time (spam, ridiculous FOMO, etc).... Or they do and they just don't care because the only thing that matters is the dramatic headline. Do they know about wash trading? Do they know that mining difficulty is actually rising, not falling? Do they know that exchanges are in bed with mega miners? Do they know that all exchanges would dump literally every shitcoin they have (to drum up extra money) before they'd start selling their precious bitcoin? Do they know that *we* know that when they start printing the really doom & gloom articles, the bottom is likely in?
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The same market, at the same time, but each one has different opinion. No everyone sees the same thing.
In pretty much all of 2017, like every week, the upward market looked as if it was going to cease and crash any minute. Especially with all the FUD going on. You'll never know it was bull run until after it's over. In hindsight.
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wtf did this really happen on bitstamp
Yes it did happen. A crazy bot is being blamed. But I suspect it is someone deliberately triggering stop losses / buy stops in illiquid € markets. € markets are much thinner so easier to do this. We saw the same whipsaw on Bitfinex only a couple of weeks ago. It will get more common as liquidity dries up. Easier to blame a bot so the exchanges don’t have to take responsibility for low liquidity. It could also have been someone attempting to test the liquidity (or lack thereof) of certain exchanges. Not only did it show just how illiquid altcoins are (and thus vunerable), but the lack of other bots following the price swings means that the majority of algo bot accounts are owned by.... dun dun dun! the exchange owners themselves. I.e. no one else is trading there.
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In other news, water is wet.
And Tom and Vinny have no fucking clue either.
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I just have a quick question. Does anyone other than scamcoin supporters come to this forum anymore?
This seems to be the only active thread besides the scamcoin announce threads in the alt section and even this thread is only moderately active now. I remember a time when Wall Observer would move four pages by the time you could post a response. Not anymore. I haven’t been here for months I was just wondering if this forum is still relevant for more than con artists looking for a pigeon.
This statement struck me as oddly hilarious. Ya mean like literally just 6 months ago? lol C'mon dude, you can't lead us to believe that you've been logged out of bitcointalk.org for THAT long.
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A dead market and apathy are a very good sign.
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OT : Jim Cramer slipping up and showing his hand again, showing us the underlying corruption that is Wall Street: https://www.cnbc.com/2018/10/04/cramer-reveals-the-10-telltale-signs-that-could-prolong-the-sell-off.html"There's a very common trajectory when the market's going down. First, the analysts will try to keep recommending stocks and they're going to be completely ignored," the "Mad Money" host said.
"When they raise their price targets or even upgrade from 'hold' to 'buy' and no one listens, they're going to switch directions and they're going to start downgrading," he continued. "When those downgrades stop sending stocks lower, then you'll know a bottom is at hand. But we're not there yet."
Oh, so what you're saying Jim is that the analysts upgrade from 'hold' to 'buy' merely to get Average Joes to be the final bagholders on the way down? (Not because the stock is actually undervalued?) And when that corrupt tactic doesn't work, then they reverse to 'sell' to cover their asses (and start shorting)? Un-fucking-believable. Can't believe that he can even say this with a straight face.
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Don't worry boys, the Bitcoin market will continue to stay down all this year, but will begin to rise again mid next year along with the whole U.S. stock market. Just like 2014 was, going into 2015. You see, it's all engineered and managed markets now. It's all fake and completely managed. They just need Average Joe to think it's real. The game: 2-3 years of raging bull, followed by 1-1.5 years of bear. This is exactly the way the U.S. stock market played out in 2011-2013. Then again in 2015-2017. In a long term melt-up, this is the new new. Get used to it. Not likely. More likely: 1-3 years no crossing of $20k while essential infrastructure is being build. HODL will get new meaning. I wasn't suggesting it would be any different than that. Yes it will probably take another 1.5-2 years to cross back above $20k. If it took a full 3 then yeah I would be a little surprised.
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Don't worry boys, the Bitcoin market will continue to stay down all this year, but will begin to rise again mid next year along with the whole U.S. stock market. Just like 2014 was, going into 2015. You see, it's all engineered and managed markets now. It's all fake and completely managed. They just need Average Joe to think it's real. The game: 2-3 years of raging bull, followed by 1-1.5 years of bear. This is exactly the way the U.S. stock market played out in 2011-2013. Then again in 2015-2017. In a long term melt-up, this is the new new. Get used to it.
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...but the great game isn't over yet imho....
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I couldn't help but notice the distinct lack of a ring on a particular finger. As your attorney, I advise you to take a hit out of the little brown bottle in my shaving kit. You won't need much, just a tiny taste. Then, put a ring on that finger. Right after getting a prenup.
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In all trading markets, there is no more true price or value discovery based on supply/demand anymore.
There are only two things : technicals (bot trading) and the media "narrative" du jour to support the technical trading.
That's it. (Hint: just look at the 1m chart, that literally shows what all the worldwide Average Joe retail demand there is on any given day. It's a ridiculously pitiful, miniscule amount).
So what do you think will be "the narrative" will be when Bitcoin's technicals turn over to start a new bull run?
Is there even a real narrative in the MSM? I don't think I've really read any article that was relevant or even interesting. Always hype or doom with some fluff that is quite often just flat out wrong. Seems like the only thing they're good for are figuring out when to dump a few coins or buy some more. I've long theorized that the MSM "narrative" for Bitcoin has always been and always will be negative, primarily for two reasons: 1. Wallstreet doesn't own 90%+ of all bitcoin (like they do with tech stocks), never will, therefore they don't want to promote it (i.e., they can't game the system therefore they are disinterested anyway). 2. The whales that are interested in the Bitcoin market don't want Average Joe to find and buy the bottom. If they can keep up the negative narrative around Bitcoin, they can say "Stay away, there is no good time to buy!". They only want the public to buy the next ATH in the last few weeks and be bag holders.
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In all trading markets, there is no more true price or value discovery based on supply/demand anymore.
There are only two things : technicals (bot trading) and the media "narrative" du jour to support the technical trading.
That's it. (Hint: just look at the 1m chart, that literally shows what all the worldwide Average Joe retail demand there is on any given day. It's a ridiculously pitiful, miniscule amount).
So what do you think will be "the narrative" will be when Bitcoin's technicals turn over to start a new bull run?
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I'm thinking this whole Bitmain IPO document is a complete fabrication. Why? Because if they really did make that much net revenue in half a year's time, then they'd never have a need to take the company public. Period. when this was first floated...i think I heard 15 billion..that is a lot of mula. Now not so much. On the other hand, if they do the IPO now and btc dumps..they got lots and lots of IPO $$$ as a hedge to cover their 'dubious' BCH investments this year But, if BTC pumps, they can ride this IPO back up to whatever the market will bear win/win I can't imagine anyone would want to put any serious cash into the Bitmain IPO with the two idiots (Jihan Wu and some other rich Chinese asshole named Micree Zhan) controlling 55% of the company.
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