HODLer Report from the Trenches

[RejectedBanana]

Dear Mom,

Today marks the 5th night in a row we’ve been holed up below the 200EMA. Although the bears stopped their relentless selling a couple days ago, most of us HODLers are still sell-shocked. For some, millions in fiat have been wiped from their balance sheets. We still don’t know what happened to the permabulls, no one expected they were going to abandon us at the 100EMA. Charlie spotted a couple longhorns making some short runs in the last couple days; we can only pray they’re enough to pull us out of our 200EMA foxhole. Rumor is some institutional wannabe cowboys were bringing a tractor-trailer full of steers, but you know how rumors go. Last I heard they’re still rallying behind their chief-of-the-moment Giancarlo, building up liquid courage.

There is ray of hope: For the first time in 11 days, we might close over the 7EMA today or maybe tomorrow, fleeting though it might be. The soothing rain it brings might cool this scorched earth and let us breathe a little more freely.

Some of the guys are most worried about crossing no man’s land between the 200EMA and 100EMA. One step at a time, I told them: first let’s lumber over the 200EMA. On our way, if we’re lucky, in a week or less we might gain some air support from the 30EMA. If things are calm enough, we’ll make a break straight for the relative safety of the 100EMA wall. Here’s hoping none of us will be mauled to death on the way.

Over that 100EMA wall are hot showers and satellite phones to our families and food, REAL food. It’s disgusting, I hate to admit, but I’ve seen some of the guys eating shitcoins to survive. I heard Bitconnect killed a whole platoon, while Ripple made half our unit sick to their stomach. The guys fueling up on Monero won’t tell us how they feel and honestly I just can’t read them. Litecoin has sustained many with just mild indigestion, but ever since Charlie traded his whole stash for some secret deal with an unknown rancher, a lot of the guys just don’t trust it anymore.  No one wants to talk about BeeCrash since, you know, the Big Betrayal. And Ethereum. I don’t even want to talk about Ethereum. What little stomach contents I have just surged into my mouth a little.

Once we’re out, we pray to Karhu we won’t have to make a mad dash back to our 200EMA foxhole. If the bears bring even more leverage we might have to dig even deeper.

If the coast is clear we’ll make a mad dash to the 100EMA. I’ll call you then, Mom, I promise. If we get some long-awaited shore-leave far above the 100EMA, I’ll come visit straight away. Meanwhile, I’ll try and write again soon.

Love,


P.S. Send more of those lightning-nodes. They were tasty, but not nearly enough to sustain me.

[Toxic2040]

News, TA, speculation and entertainment all wrapped up in one compelling post.

+10 WOsMerits and a real one cause thats all i got.


Thanks.

[cellard]

I was in the 2013 MtGox war, that was a real war, not the current one. We only had a single exchange, everything was obscure and not much info was available, it was hell.

This is nothing, youngsters don't know what real pain is. I took a 90% loss and held through the years. We are trained, disciplined and ready to kick ass. We will hodl through this while accumulating. All the idiots that saw Bitcoin in the (fake) news are clueless and will get killed and we will once again take their wealth and remain victorious.

[RejectedBanana]

I was in the 2013 MtGox war, that was a real war, not the current one. We only had a single exchange, everything was obscure and not much info was available, it was hell.

This is nothing, youngsters don't know what real pain is. I took a 90% loss and held through the years. We are trained, disciplined and ready to kick ass. We will hodl through this while accumulating. All the idiots that saw Bitcoin in the (fake) news are clueless and will get killed and we will once again take their wealth and remain victorious.

My dad told stories about the Mt Gox wars. He was holed up in Coinbase before there was a GDAX. Was only able to procure a mere trickle of weekly supplies. The supply lines were constantly cut as well.

He told me he was holed up so long after Mt Gox, he forgot the war was still on! Didn't even think of refueling through most of 2014-2015.

Costly mistake, that was...

Now he just sits in his rocker, murmuring...

"$200 coins, should have bought more, should have bought more..."

[RejectedBanana]

Dear Son,

I know you think this is war, but this ain't nothing compared to being GOXXED! Everytime I see that prison-reformed formerly-bubble-butted Karpeles it makes my skin crawl wondering where the hell he hid all his excess skin. It boils my blood to know even he, that SOB, has profited massively from the worst bear mauling the cryptosphere had ever seen!

So listen hear sonny-boy, while the gettin's good and cheap, you milk that correction cow, you milk her for everything she got!! And I promise you, sooner or later, she will deliver you the newborn bull run you've only ever dreamed of! I'm thinking $30k, $40k, hell even $100k if you still believe in the all-mighty-but-often-fallible Master Lucifer!

I heard from the news the 7EMA has arrived at your location. Hopefully it's helped quench the fire, shit, and brimstone you've been holed up in. It's amazing what a little break in the weather can do. If it lasts through the night, maybe you and the boys can find yourself a little glade for a little R&R with some local cowgirls. Never underestimate the potential of shithole locals to pull you out of a rough spot! After all, each and every one of us was delivered unto this world a mere fart's breath from a shithole whether we like it or not, and if we don't win this war against centralized finance, I guarantee you each and every one of us will end up right back in shithole status!



So HODL the 7EMA line! Keep your eye on the 200EMA; two or three more days and by all reports, you should be over the hump. But it ain't over yet, no-sir-sonny-boy-bob-ee, it over yet... You make your way for that 100EMA as fast as your gangrene legs can take you! Ditch every one of your soon-to-be-worthless shitcoins along the way, vault over the 30EMA without pause, and become the hyperbolic son I've always known you can be!

Your loving father,

[buwaytress]

Dear brave HODLer,

We take a moment to address you, after news has reached our ears of your brave efforts shoring up the order trenches on the continent. We fight this battle on multiple fronts. Beyond the Bamboo Curtain, dissidents have taken below ground, while across the ocean, Congress holds out an olive branch, though we expect their machines of war are still being prepared.

The permabulls are not our concern now, they do not come to aid, nor do they flee in distress. The only certainty is that they will come, whether in weeks, or months, we cannot say. Our former brothers in BeeCrash will be twisted with guilt and surprise - this is what many asked for, yet many more did not suspect the war to whittle at their numbers as well.

Make no mistake, you will be holed up for much longer, even if you make ground in the coming days. This is not a great push for debellatio, for there is no enemy to vanquish. Bears never die, they just sale away. This is not the war to end all wars, the First Conflict of 2013 taught us that. This is a battle of attrition, with the next ones belonging to today's survivors.

We pray that you and yours make it to the 100EMA staging area, it will be littered with buyby traps set by bears looking to rout you.

But if you do not, it is not lost.

With you, to the bidder end.

[RejectedBanana]

Dear Papa,

There was resistance as expected at the 100EMA, but we made our way across no man's land from the 200EMA as quickly as I'd hoped in my last letter to mama. For three days, our unit made daily raids over the wall, only to retreat and regroup by night. If we can HODL the line today, it will mark the first full day in 35 days we've spent north of the 100EMA wall.

I can smell fear in the bears' musk. They are nervous and anxious. Some of the shorter units are getting squeezed out by our long lines. It won't be long before they fully retreat. Reinforcements are preparing to swoop in behind us and shore up the wall, so hopefully this is the last time we retreat this deeply. We are winning over the hearts and minds of institutions and citizens alike. Soon, no tyrannical government will be able to resist us. We answer to a higher calling.

Tell Mama it won't be long before I'm home to celebrate another ATH. Perhaps when the spring tulips are in full bloom again.

Your battle-hardened son,

[bifle]

Nice mails

[greensheep]

Nice read, good analysis

[magneto]

Shorters are probably going to get blown out of their positions soon.

Resistance at $11k is probably less powerful than expected, and we are well above that level right now. Next target is $12k, we're only a few hundred $ from that figure on most of the USD based exchanges.

When people thought that BTC would go down even further when it was already just $6-7k, and they shorted it, they are paying the price. This last dump is an example of why you should never panic sell and continue to hold on for the long term, especially if your investment's in a loss.

[Last of the V8s]

https://www.britishlegion.org.uk/community/stories/general/there-was-no-need-for-the-flamethrower/
"The enemy’s big guns couldn’t be depressed low enough to target us, so we only encountered fire from small arms. I don’t recall any serious problems – my troop reached the first gun battery without loss – and there was no need for the flamethrower. The large number of prisoners we took seemed only too eager to give up; by late 1944, they probably felt they were unlikely to win the war anyway."