So tell me what is BTC?
If you don't understand what BTC is, then you're either a baboon or a dinosaur, or both.  I will answer you BTc is nothing.
Scratch that, you're just an idiot.
Keep drinking the current financial system's kool-aid. That's where the true fraud lies. Do you think it's just a coincidence that almost no school in the world teaches you about money or where its value comes from?  You're a funny girl. All you can do is offend people. you are a big zero There is a wide consensus that he might be a dude.  |
|
|
|
Interesting topic - but I wait until the BTC goes below $ 3k
That will not happen. Even this what we have now it is too much. It would be suicide for those that sell. They would almost give their coins for free! why suicide? If anyone ever bought $ 100 for btc? It's still a beautiful profit for him I started buying when it was under 200$ and kept buying! ... If you stay and think about it, many idiots like me that keep buying and holding will create a monumental clusterf^ck! And the price will be forced to go to heights that your head would just spin. Small countries will be sold and bought with just a few bitcoins in the future. *edit(0): Future == 20+ years or more. (even if I think better stuff than bitcoin will come up) |
|
|
|
Interesting topic - but I wait until the BTC goes below $ 3k
That will not happen. Even this what we have now it is too much. It would be suicide for those that sell. They would almost give their coins for free! |
|
|
|
Where's the bottom?  Where is the bottom?? |
|
|
|
Hi,
I am an absolute newby to this forum, this is my first post. On the other hand, I have been trading financial assets for quite some time.
I expected today's BTC dip, whatever the supposed reason for it would come out to be (i.e. fake news from China) on the basis of :
1. a simple analysis of trading volumes analyzed on various time frames
2. the application of Fibonacci retracement levels to the previous leg up
3. the application of Eliot's wave count to the previous leg up (impulse wave) and to the current leg down (correction wave)
Technical analysis is not science and its various tools are not always churning out foolproof answers. Some tools work better ( = more often and on more type of financial assets) than others, but even those can fail ( = give false signals). In my experience, Eliot and Fibonacci have the best predictive power because they are not based on averages of past datas but on eternal or, at least, recurrent human behavioural patterns.
This said, I put out my 5 cents of wisdom to say that the market will find its way to correct lower before it resumes its way up. I have set a number of buying orders at decreasing price levels between 4000 and 3000 USD so, to put my mouth where my money is, this is what I can recommend to others as well.
Good trades everybody !
Sure your post sounds reasonable newbie; however, you need to account for s-curve adoption, metcalfe networking principles and that bitcoin is an immature technology that is also going through fundamental extreme attacks and even weirdness in the cryptospace on a broader level with a variety of random and extreme performances of ICOs and alt coins, and that is where the fucktard over reliance on technical analysis frequently screws up with their assertions about supposed inevitable needs for correction in a kind of false equivalency about bitcoin being a supposed mature market.
Sure you could be correct this time (a stopped clock is correct twice a day), but please present your technical analysis with a bit more grains of salt and accounting for both the immature price finding aspect of bitcoin and the s-curve analysis which are important factors to not leave out when you are arriving at your supposed "reasonable" technical analysis conclusions and advices.
The technology behind bitcoin maybe new, but the mindset of people trading it seems to be the usual on and for this reason it seems to me - and this is just my humble opinion, as I do not presume to the express the truth - that certain technical analysis tools like Fibonacci retracements and Elliot waves do have some predictive power, until of course they are proven wrong because the first rule of any trader should be always to act upon othe price & volume action in front of his eyes rather than the theories (about what price & volume should do) in holds in his mind.
At the risk of attracting some criticism, I say also that many of the traders seem to couple their inexperience with an equal amount of arrogance, which expresses itself in the form of a refusal to apply to bitcoins trading the tools of conventional technical analysis. It is absolutely true that TA tools do not work all the time nor on all assets, but this is true not only for bitcoins but also for other traditional financiall assets. Again it is true that certain TA tools are extrapolations of past price action with scarce predictive power in a market so young and exuberant as the bitcoins. This said, having some kind of tool - that you can fully customize according to your own assumptions - to analyse and dissect the price & volume action to try and make sense of it, is in my opinion better than having none and relying on hearsay or pump & dump speculations.
To conclude, based on Fibonacci and Elliot, I think BTC is undergoing a correction within an uptrend, that will resume once the correction is done. I think this correction will reach down to about 3800 USD as a minimum and 2800 USD as a maximum and extend itself over 3-10 trading days depending on how deep it will reach. A break over 4670 USD in strong volumes would invalidate my hypothesis.
I do not recommend to sell BTC short , unless the exchange you are using guarantees you very swift trade executions, because the drop could stop and reverse very quickly due to any number of reasons because, as I said, the underlying trend is upwards.
If you want to own BTC, buy at regular intervals on the way down. If you own BTC, sell some of it at present levels and rebuy the same quantity at lower levels on the way down.This is what I am going to do and, of course, I might be wrong and I will pay the price of errors Dear God. What have I witnessed?? JJG .. it seems you have found your nemesis! ... lmao... |
|
|
|
OK, it's getting depressive taking a bullish aspect. So now I am going to switch to bearish, again. So were can I participate in margin shorting BTC vs fiat, as an American? I would prefer an easy verification process.
I remain confident in the power of limited supply and the worthlessness of fiat money that will crash and burn in this last financial crisis. |
|
|
|
 SELL IT on eBay !!!It think it may have emotional value. |
|
|
|
Oh? Is that right? So if there is a pattern of a poster (whether newbie or not) putting out random posts to attempt to inspire panic selling or talking their books, we should just tolerate that kind of ongoing nonsense and seeming trolling?
Sure, there are not enough hours in the day to call out all of the book talkers, but some of these folks, such as jojo69 - puts out these nonsubstantive posts that attempt to get folks to panic by suggesting that the price is inevitably going down or suggesting that hodlers should sell after the price had already substantially corrected - which nearly a sure-fired means of causing some folks to panic sell and possibly at the bottom or near the bottom.
You know Jay, I have really tried to avoid getting into conflict with you as I think your heart is in the right place and I feel that we largely agree on the big picture.Could be, except when you have a series of post that seem to be spinning corrections as if they are inevitable and seem to be attempting to persuade folks to sell, so whether that is book talk or not, it comes off as book talk that is attempting to get folks to act. No? We all know they ("the folks") don't listen to you two knuckleheads. They mostly listen to me... Especially when I give my special bat signal of enthusiasm that its going up! up! up! .. or pUmp! pUmp! pUmp! ... ... they listen to me cuz I give good advice! I'm like the cheerleader that gives you advise and you must do the opposite thing! (even if I do this on purpose for those who follow me for a long time on this forum) And you can check my history of proof, everything is time stamp approved! ... Each time, 15-30 mins after, everything goes b00m!!! *edit(0): Even now... its a double, double deception, "talking about Up on purpose, to signal its not" ... ofc.. its going $75 - 125$ a bit down then its going back on track. |
|
|
|
satoshi's (who is dead by the way)
Evidence? Don't bother with him... =))) ... he's trolling you! ... Go check his coins and you will see that some time ago, he/she moved from some bigger wallets to smaller wallets some of his coins. ( He/she/they is/are clearly waiting for the world to get some kind of better democracy system. )*edit(0): The psychological profile of "the satoshi" entity/clan is simple. They just don't care anymore, what happens next, happens! And from what I suspect, is that they invested in mining equipment and they bought assets like homes all over the world. (At least 10 countries) *edit(1): Their most important goals now is their health, longevity, stability & safety, financial politics, software development. They seem to be artists, they are trying to find their next thing that they can develop. |
|
|
|
^^^ This... Bitcoin is such a mechanical brute! .. Now we can go some more up! Up! UPP!PP!P!P!P!P!!!!!!!!!!!  |
|
|
|
I don't know but swings are getting smaller and smaller.
Bitcoin will soon have to choose if it want to go up... or down.
Well... basically with time the amount of volatility will get drastically reduced. And the only way will be up. And the thought of a "bear market" for me that is a notion that will happen in 20-30 years. So for now, we are good. It is normal.. natural almost.. this progression is good! The poor folk got their winnings when there where swings of 50% .. and now the rich folk get theirs at 1-2% swings. There will be a time when the price will be harder and harder to move without some kind of trader consensus. |
|
|
|
Who sold at the bottom?
Is that the 969th time you've posted that? Hahahahaha Ted E. Bare does seem to have a few favorite posting themes. He really seems to get off torturing other people for their incompetence. He's the "in your face" guy! |
|
|
|
@Meuh6879 Excellent! I did notice something like that but now I have a second confirmation which makes me more comfortable. And, by the way, I love the GIFs you are always able to find. Or maybe you create them, especially those of Selma's Her name is S aLMA. I'm going to burn the correct spelling into your minds.  Stare into the image and repeat after me: B-O-O-B-I-E-S  I'm so gonna make a wall poster in my office with this. EPIC!  |
|
|
|
Too bad I don't believe in taxation. I would pay that 2% tax for NATO, another 1% for police/protection institution in that said country. And I would have a special heath insurance for growing limbs and other expensive stuff for when I'm old and rusty! .. but anything else.. just should be removed from the existence of any government. |
|
|
|
What crisis? Ver and Wu decided to give some free money. They are most welcome. That is all. Next fork, please!
And the best part about Roger's Magical Fun-Bucks Adventure, is that much of it is being put right back into Bitcorn. B itCH is most lucrative thing that has ever happened to me, financially, since getting into Bitcorn. AND I STILL HAVE ALL THE BITCORN I STARTED WITH, AND MORE !!! Honey badger is grinning. EDIT: IMPORTANT : Q3 taxes are due to the IRS on Sept 15th. I would highly advise contacting your accountant, and submit a Q3 payment voucher for your tax liabilities. Otherwise, you'll face penalties at the end of the year. Being an US citizen sucks! ... you should all quit and move to another "crypto" state... just change your coin!!! |
|
|
|
|
Show Posts
