1182
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 19, 2018, 03:58:47 PM
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We didn’t break it until October 2015 (equivalent of October 2019) last time around. Breaking it marked the very start of the bull market.
I'm having a hard time believing the next bull run is going to follow the 2015-2017 cycle. The shorters and panic sellers did a good job of painting the charts to match the last draw down (human nature to find repeating patterns) but I don't think they're going to have as much control over the next rise. The dynamics are different now. When people see the price rise, they're going to think it's 2017 again, not 2015. I also think the next bull run is going to be different, but in the opposite way. Too many old schoolers have been blind enough not to cash out at or near the last ATH. I think those guys will sell a pretty chunk between 10k and 20k, so a tentative parabolic rise could well stop short of breaking through the roof. Really anything is possible but $100k is my target to sell a little bit and I have held that view since 2013. I think there are a lot more like me out there. $15k-$20k will free up some coins for sure but not as many as you might think. Same. When we get to 100K+ I'm selling half my stack, retiring, and letting the rest ride.
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1185
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 18, 2018, 04:17:33 PM
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We're still at accumulation prices. Nowhere close to FOMO prices yet.
This is the time when you should recommend to people you actually care about to get into Bitcoin. Not just buy but understand it. (ie...send them a link to the white paper).
When the price shoots up and you start getting e-mails from people asking if they should get into "crypto", politely point them to some videos about the Federal Reserve, Austrian economics, etc. Then if they're still interested (knowing they get it)...then show them the white paper.
...has been on sale at Amazon for <$14. Everyone should buy a few and hand them out to nocoiners or altcoiners who show potential. It makes a good Christmas gift!
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1187
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 18, 2018, 04:06:38 PM
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However, my own story is that I started buying at $1,200 in late 2013
You are not doing much to discredit my notion that you and Micgoossens are the dumbest money in the thread by stating that you bought at the absolute top of the last bubble, held all the way down to $200, watched the price then rise to $20k, sold zero, then watched it crater to $3k. Yes, you are technically still in the black...by sheer luck or random coincidence. You don't have much room to talk. You, presumably being smart money, have watched the multiple rises and falls of bitcoin from the sidelines.
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1188
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 18, 2018, 03:55:48 PM
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Here is an interesting opinion of Jim Rogers (which I completely disagree with, but i always like to listen to what opponents say): https://youtu.be/tNSXWkApxU8?t=410He basically says that if bitcoin/crypto would be successful, government can simply abolish it like England abolished scrip in the 30ies by making trading NOT in Bank of England notes (pounds) a TREASON. Don't simply dismiss this, hopefully, wrong notion because he is an old fogie since this is Jim Rogers, again, who happens to know about commodity markets quite a bit. He is not short, but not long either and acknowledges that he might be wrong in his skepticism. I think that he is wrong because bitcoin provides a standard/reference point, is apolitical and not 'owned' by a particular government plus could accelerate the commerce in due course. Being neutral would make it resistant to the moves that he described, unless there is cooperation among G20. What do you guys think? I think it would be more likely that the elites are hoarding all of the bitcoin for themselves. Historically, the elites have hoarded gold while shoving their worthless paper fiat down our throats. I see no reason for that to change in the age of bitcoin. Look at Jamie Dimon, George Soros, etc. publicly denouncing bitcoin, while quietly buying. Meanwhile, the unwashed masses:
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1189
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 18, 2018, 03:45:59 PM
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If correct we should keep rising, slowly at first, but gaining speed and volume on the way out and see 6k around Jan 12 2019. The cautious bull herd seems to be taking for granted they will get a nice long year to accumulate cheap coins like 2015 and then they can all be millionaires since they neglected to do this 4 years ago during the last great crypto winter, I dont think this will happen at all. Only 21 million(ok like 17 million) coins and its pretty pie in the sky for everyone to think they are gonna get 12 months of bargain basement prices where they can just casually collect coins for peanuts while fundamentals grow stronger by the day. Ideal scenario (gently and slowly light up your hopium pipes for this one and take a big inhale)........ after regaining 6k in mid January, Bakt would then usher in another mini bubble to 40k followed by a quick and mild bear season testing 10k again, all before the next halving where the march to 250k starts Ive been as bearish as the next guy. However, we should be given pause by the fact that everyone and his shoeshine boy are 100% certain that we're heading to $1,500-$2,500 and will endure 12+ months of crypto winter.
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1190
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 17, 2018, 06:03:41 AM
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We could to be just about close to bottom.1- The 50 Moving Average on the monthly chart has only been tested twice and price never closed under it. 2-The last bear market of 2014-2015 we had almost exactly 85% drop from ATH which meets the target of the current value of the 50MA I believe we may have to correct "harder" in this bear market than ever before. This is due to the flattening curve in the logarithmic regression line that we seem to be following. As time goes on, it takes greater corrections to get back to the line because the line is becoming more horizontal.
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1191
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 17, 2018, 05:51:57 AM
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By the way, we're having a terrific NY party, and we offer nice welcome perks: open bar for ATH's! Just in case you're considering...
He is definitely not coming. Couldn't make it. He has sent us some Xmas gifts though: I want this under my tree Santa! It would be worth it just to see the look on my wife's face, if nothing else.
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1194
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 16, 2018, 08:02:36 PM
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Happy birthday ATH!
I am very sorry to hear you won't be able to be with us this Xmas. We will all miss you. Hope you are doing well wherever you are and you will come back home some day in the near future! You know we all love you!
Cheers!
Meanwhile, UNO continues its relentless march towards becoming permanently established as one of Bitcoin's best performing hedges and general long term stores of value. Looks like it will be one of the survivors of the "crypto dotcom bubble" who's cap will eventually be catapulted into the top rankings. Trying to get one's hands on any significant amount of it though is a distinct matter. GTFOOH with your shitcoin.
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1198
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 16, 2018, 03:21:58 AM
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Silver bubble continues to break downwards...Edit: Good support at $5 / ounce so price due to fall another 66% then stabilize
Who could have possibly guessed the zionist kike in the thread would *gasp* tell lies to try and trick the goyim from acquiring real money at the floor and instead attempt to persuade them into buying imaginary, valueless digital tokens instead? They are pretty much out of room for further metals manipulation to the downside in the long view, but short term, unsustainable tricks are always possible: The handle has fallen too far. Generally, the handle can only retrace about 1/3 of the way down the right side of the cup. In the case of silver, it's plunged ~70%, not adjusted for inflation.
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1199
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 15, 2018, 10:24:52 PM
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I'd say though that people should decide on a price and proportion of coins that works for them and get rid no matter what the market looks like it might do once those targets are hit.
Yeah, don't back-pedal on your targets when the time comes and don't fall into the trap of reinvesting what you intend to keep out. Having said that, Bitcoin is always one step ahead of the game... Really agree with that, I will be much, much better prepared during the next parabolic price jump. Same. My join date may indicate that I'm a wise, old bitcoin sage. However, I screwed up the same as any other mere mortal hodler. My emotions and greed got the best of me, and I didn't sell anything last year. I feel that I'm much better prepared emotionally and intellectually for the next bubble. Earlier this year, On the bright side, we're still coiners, and we will be rich in a few years.
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