Will you accept that it is a slow simmer? Simmering involves bubbles too.
mphff...fine...for now. img -snip-
I accept your scenario to the 14kish fib and subsequent retraction to 5 figure support but your surmise after that is too chaotic to be relevant. |
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Some bullish action here to cross $8900...
A heavy volume daily over the weekend would really show wall street whos in charge now but its been light since the selloff. I think the battle is going from $8900 all the way to $9200. If we can breach that resistance level its a confirmation for testing 5 figures and a bullish reversal indicator at least for the shorter term. So, comparing and contrasting war stories is not a bad endeavor, and hopefully our memories can stay somewhat consistent because with the passage of time, sometimes we can begin to remember history differently or even emphasize different aspects of history.
Haha! I am not getting any younger and truth be told I forget shit all the time. My kids are like....Dad!!!! and I have to guilty admit that yes..that was our turn for home and I had forgotten... Regarding BTC accumulation: It really seems that you accomplished your initial accumulation much faster than me, because my initial accumulation took a year from late 2013 to late 2014.
I am still "accumulating" heh..but in a very regimented manner these days. I do have a small stash I keep in hot wallets to daytard with on occasion...but mostly for academic purposes. Regarding memory of finding out about bitcoin: A keep searching my memory about this and it is a strange kind of thing that I knew that I recognized the name bitcoin in August to November 2013 time, and maybe even earlier than that. I recall that in about September 2013, I was researching into investments, and BTC was on my list of things to look into, and I never got to it and I ended up investing into various index funds... like mutual funds in October and November 2013. I guess I was still in the investment research mode because around mid-November 2013, I looked into the BTC matter, and kind of kicked myself for my mutual funds investment and thereafter created a supplemental BTC investment plan... anyhow, after the mutual funds had run a year, I did fold that money into BTC at the end of 2014.. so I guess that part worked out in the longer term.
I can remember the first hearing part clear as a bell. A buddy of mine had bought in the runup from $5 to $15...at like $13 I think...and the market crashed. He was sitting there with there huge bags and nowhere to run. I got busy thru the holidays as usual and didnt think about it till that spring. I spoke with my buddy and he was pumped..the price had risen to over $50 at that point..this was middle late March I think in 2012. Well..he convinced me to check out this poker site that only accepted bitcoins. Those facts and the added benefit of having and building high end computers for many years..whelp..that was it for me. After writing this down it has struck me how eerily similiar this must be for the people who bought at the top of 2017. Do the right thing people! Hodl! I suppose OG status could be understood in various ways.. including hanging out and continuing to post during 2015 WO thread desert land.... hahahahaha ... was pretty lonely around here during those times..  Indeed..perhaps even more so than being early.. Personally, I think that we are still in a bull market as long as we stay above $5k-ish.. even with a quick dip down to $3k.
On the other hand, if prices go below $3k, then the long winter scenario would become the more plausible scenario.
I agree..tho $3k seems extremely bearish...I doubt the spikes would fall that fall even on a hard dump. I have modeled scenarios where we have reached $5k but they never seems to last long term. Seems to be the more likely scenario.
I think everyone is going to be amazed...again. I understand what you are saying, and I largely agree; however, it seems better to attempt to describe legacy and crypto as a likely transitional movement, and your punchline conclusion is likely going to be correct about the future - however, legacy is not going down without a fight and could take quite a long period to play out.
For real...JJG...I am of an age where I doubt I will see even the beginning of the end..I console myself with the fact I have seen the beginning. |
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Thanks for that. However true, this is not the community it used to be back before BTC was $1.  Love those days! It has been quite the ride..and its far from over. Change is inevitable, no?
Probably 95% of the members of this forum did not know what bitcoin was in 2011 -
There are even some members of this forum who got into Bitcoin in 2016 who are considered as OGs by some later arrivals, based on their largely beating the 2017 price run-up...
Actually one stressful circumstance could have been attempting to accumulate in 2017 while the price was going up and trying to figure out a plan for accumulation (and I think that we have seen some of the stresses of those later entrants in this thread), but if you had already largely accumulated your BTC and was mostly maintaining your stash (which does not rule out continued accumulation) in 2017, then currently, you should be sitting in pretty territory.. at least from a financial point of view (if you did not panic sell too much BTC at some too early stage), even if you are still spending a considerable amount of time trying to figure out what it is that you invested into, exactly. hahahahahaha
By the way, personally, I do not consider myself to be an OG, even though the term is kind of relative, but I might consider someone who entered before 2013 to be an OG of sorts (and you, Sitarow, would likely fit my rough relative timeline categorization of a BTC OG)...
Sitarow's post opened the flood gates and now I am cruising the way back machine trying to remember exactly when I first heard of bitcoin. I want to say that it was right around Christmas of 2011..the price had just spiked to $15 and then dropped...everyone was in a panic. Quite the series of unfortunate events drew me towards bitcoin..mostly due to the closing of Full Tilt and the subsequent backlash over online gambling in the US. I didnt fully enter until march of 2012 tho and even then I only lurked around this forum under another account. Meh..I am mono logging... My points are this...JJG, your OG dude...dont sweat it...you are like a fixture on the WO now..your place in history is assured. The market will continue to fluctuate..same deal..buy the dips when you can. I strongly feel that we are going to breach 5 figures before we have another dip in the coming weeks. It would not surprise me to have a new ATL for the year but those predicting a long winter...I dont see it. Late Spring and Summer are going to be hot hot hot! Inertia is a funny thing. I have been thinking about the term "Legacy Markets"..thats what our previous global markets are now. Bitcoin and crypto are the future..its here now. The TA matches 2014 more than 2013. Actually it matches 2011 even more. And why do you assume 'wall street' wants to buy bitcoin? Wall street is already doing what they do best which is to divert attention away to their own fake derivatives, their own coins, and their own stocks.
Because more efficient markets consume less efficient markets. See above about Legacy Markets. |
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UPDATE: Note that every difficulty update I use the update this charting details for my own use. I suggest you go ahead and make your own or ask a trusted friend that mines to review it for yourself. Always good to get a 2nd or 3rd opinion.
This is some great information...thank you for sharing and the time you have invested in creating it. +10 WOsMerits This document is for awareness and at the users discretion for educational purposes.
Nothing in the this document shall constitute or be construed as an offering of financial instruments or as investment advice or investment recommendations
(i.e., recommendations as to whether or not to “buy”, “sell”, “hold”, or to enter or not to enter into any other transaction involving any specific interest or interests)
Still puked a bit in my mouth seeing legalize tacked on the end...even tho its smart to CYA. |
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 What if Elon Musk just committed the perfect murder?  |
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hahahahahaha....
Could only dream... and then have to enroll in bot programing lessons and hopefully not screw up the bot set up parameters too much... .
Finally build up a BTC portfolio of 10 coins, and then lose 9 of them because of a programming "glitch"
Bullshit..you CAN do it. It is very simple...can even compile and run in windoz if thats your fancy..the bot above is profitable in most markets and is 20 lines of code. I am to paranoid to let scripts run unattended..but..it can be done with phone based apps pretty easy. You dont have to pay for the utility of having a bot run your portfolio. A little research and within a day you can have one up and running. |
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The meme should say:
"I should buy a bot... "
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Can't you program your trading bots to do whatever you want, or does it depend on the bot and how good you are at programing?
Yes you can. You also have different bots for different market conditions. ei p&d bot, bear market bot..sideways bot...what ever. Machine learning algo's can be added so the bot gets better over time. Here is a simple bot written in php. Scripts are pretty easy to craft with a little homework. <?php
$apikey='{insert_your_api_key}';
$apisecret='{insert_your_api_secret}';
function bittrexbalance($apikey, $apisecret){
$nonce=time();
$uri='https://bittrex.com/api/v1.1/account/getbalance?apikey='.$apikey.'¤cy=BTC&nonce='.$nonce;
$sign=hash_hmac('sha512',$uri,$apisecret);
$ch = curl_init($uri);
curl_setopt($ch, CURLOPT_HTTPHEADER, array('apisign:'.$sign));
curl_setopt($ch, CURLOPT_RETURNTRANSFER, true);
$execResult = curl_exec($ch);
$obj = json_decode($execResult, true);
$balance = $obj["result"]["Available"];
return $balance;
}
function bittrexbuy($apikey, $apisecret, $symbol, $quant, $rate){
$nonce=time();
$uri='https://bittrex.com/api/v1.1/market/buylimit?apikey='.$apikey.'&market=BTC-'.$symbol.'&quantity='.$quant.'&rate='.$rate.'&nonce='.$nonce;
$sign=hash_hmac('sha512',$uri,$apisecret);
$ch = curl_init($uri);
curl_setopt($ch, CURLOPT_HTTPHEADER, array('apisign:'.$sign));
$execResult = curl_exec($ch);
$obj = json_decode($execResult, true);
return $obj;
}
//fetch top 50 cryptos by marketcap
$cnmkt = "https://api.coinmarketcap.com/v1/ticker/?limit=50";
$fgc = json_decode(file_get_contents($cnmkt), true);
$counter = 0;
for($i=0;$i<50;$i++){
if($counter < 3){
//check percentage change over last 7 days
$percCng = $fgc[$i]["percent_change_7d"];
if($percCng < 4 && $percCng > -4){
$symbol = $fgc[$i]["symbol"];
$cost = $fgc[$i]["price_btc"];
//fetch bittrex btc balance
$balance = bittrexbalance($apikey, $apisecret);
//calc 1/5th of available
$fifthBal = $balance / 5;
//calc how much coin to buy
$amounttobuy = $fifthBal / $cost;
$buy = bittrexbuy($apikey, $apisecret, $symbol, $amounttobuy, $cost);
print_r($buy);
$counter++;
}
}
}
?> |
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what you can't see from that shot: there's an Audi 9 inches behind and a BMW has just raced past
Both of those automotive manufactures can only drool over the publicity coup that happened from those images. What is not talked about and I dont want to harp on to much is the risk taken by Elon in 1)launching a vehicle at all. 2)launching right before the Q4 earnings report. If the launch had been unsuccessful I can only imagine what the stock price would have done not only for SpaceX but for Tesla. Where is the call in part? Also..we need to get Roger on record more often..I mean..just look at him..please let him speak out more for bch lol. |
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Dear Mom, Today... -snip- Love,  +10 WOsMerits for a trifecta post. TA, speculation and entertainment all wrapped up in one digestible nugget. *golf clap* |
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News, TA, speculation and entertainment all wrapped up in one compelling post.
+10 WOsMerits and a real one cause thats all i got.
Thanks.
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-snip-
+5 WOsMerits for words...a lot of words. From the look of those guys, the last thing on their mind is valances.
+1 WOsMerit They are indeed going for a "look". Was it successful? -snip-
+1 WOsMerit for img duh(top 10 iconic photos ever imho) After BTC dumped so hard, it was just a matter oft time until BCH started trying to overtake again. It is rather probable that this pump is just starting and could geht BCH close to 1:1 for BTC with current weakness and high amount oft free capital!
-1 WOsMerit for shill shit post...but be proud..your my first neg |
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-snip-
Those drapes are ridiculous.
All I got is a Jimi song floating thru my brain..but ya..who does valance's like that anymore? |
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Kick this.  Laughing hard at the second chart. Exactly the opposite of what the bears are doing in other threads. Both cases so explicit that I cant stop laughing... at least you dont make up with walltexts. Well..at least someone can appreciate my feeble attempts at distraction and humor. On a more somber note. RIP John Perry Barlow |
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I don't want to be a dick but can we please go back to btc related posts ? Sorry guys, love you  We are witnessing the beginning of THE IMPERIUM OF MANKIND and numbers on a screen is what has you excited? Yes, but what planet will be named Trantor? In many of the more relaxed civilizations on the Outer Eastern Rim of the Galaxy, the Hitchhiker’s Guide has already supplanted the great Encyclopaedia Galactica as the standard repository of all knowledge and wisdom, for though it has many omissions and contains much that is apocryphal, or at least wildly inaccurate, it scores over the older, more pedestrian work in two important respects. First, it is slightly cheaper(and can be purchased with bitcoin); and second, it has the words "DON'T PANIC" inscribed in large friendly letters on its cover. |
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Downward spike.
Bring it fuckers. I wasn’t quite done buying.
I'm not done buying either - but I think that we already had enough down. I would rather go back up. Regarding shaking out the weak hands and maybe shaking some of these shitty ass Alts/ICOs and scams, further downward could be helpful in that direction, but such a scam shaking scenario would likely need a year or more to play out.. so personally, I would prefer to kick such can down the road until after our next Bitcoin and tag along crypto pump. Kick this.   |
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Minor quibble: The potential [of Bitcoin] is known. The degree to which that potential will end up being realized, and the timetable, is the unknown.
I have to disagree. We could have never imagined the uses cases the Internet brought to us in the 90's and even early 2k. Even Bitcoin can be considered an extension of the Internet. It is therefore very hard to judge Bitcoin's potential, especially at this stage. Bitcoin's like email in its early days. Nobody knows its potential in another 20 years (especially central bankers).  +2 WOsmerits One for post and one for compelling meme. Id give you real ones but out like everyone else it seems. |
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