The Bullish Bitcoin Media Center (The ONLY Bullish Bitcoin News Thread)

[Fakhoury]

Perfect to stress on this again and again but hey dmwardjr, where the heck have you been our dear and old permabull friend ?! Long time since we've seen you, or me at least.

Hi Fakhoury,

Good to see you still have the thread going strong!  ; )

As for me:  I worked real hard for several months remodeling and enlarging my mining room while adding an additional 200 Amps power service upgrade.  Only a couple of months after the remodel and power upgrade, I have decided to shut down my GPU mining.  I've been selling a LOT of hardware on eBay since July 29th.  At least 400 items in total to sale.  I've sold 107 items thus far.  Most of which have been GPU's.  I still have over 100 GPU's to sale; along with motherboards, 1150 socket processors with coolers, RAM, power supply units, power distribution units, 36 inch 6-pin cords, CAT6 cords of various lengths, different power cords, etc...

I'm currently remodeling my office and will have approximately 17 monitors for trading.  I also hired an Operations/Marketing Manager and an IT Manager to work with me on a trading signal and trading education website.  I hope to go LIVE with that website by end of October.  It could be end of November.  Not sure yet...

I do navigate to bitcointalk on occasions but not near as much as I used to.  I spend most of my time on Trading View when I'm not selling hardware on eBay or working on my office remodel.

David

Hey Dave,

Yup, our thread is really going good with all of our contributions.

I like your new idea and from the bottom of my heart I wish you an insane success my dear brother and close friend but pardon me in something, don't you think that day trading usually and not for certain, leads to loss of BTC for a reason or another and it's the best to 'hodl' ?

Why with that much of gear you had and/or still have, didn't start mining some profitable altcoins and then convert them to Bitcoins as you know the Altcoins main purpose is to accumulate more Bitcoin ?

Again, wish you all the best my dear

Fak

[1713246027]

1713246027

[Fakhoury]

UNICEF France Now Accepts Donations in Bitcoin (BTC) and Other Major Cryptos

News URL : https://www.cryptoglobe.com/latest/2018/09/unicef-france-now-accepts-donations-in-bitcoin-btc-and-other-major-cryptos/

[dmwardjr]

Hey Dave,

Yup, our thread is really going good with all of our contributions.

I like your new idea and from the bottom of my heart I wish you an insane success my dear brother and close friend but pardon me in something, don't you think that day trading usually and not for certain, leads to loss of BTC for a reason or another and it's the best to 'hodl' ?

Why with that much of gear you had and/or still have, didn't start mining some profitable altcoins and then convert them to Bitcoins as you know the Altcoins main purpose is to accumulate more Bitcoin ?

Again, wish you all the best my dear

Fak

Hi Fak,

It depends on how good of a trader you are in regards to whether one loses coins or gains coins when day trading.  Of course, it's virtually impossible to gain coins trading daily without knowledge and experience on how to use proper indicators.  It's also mandatory to have proper safeguards in place to keep losses small and gains large.  Another rule I follow is NEVER trade on margin (leverage).

As for mining profitable alt coins:  There are no profitable alt coins to mine anymore.  Equihash algorithm has gone ASIC.  ETH will soon be proof of stake.  What few coins left to mine already have way too many miners mining them; which in turn has driven up the difficulty.  My power rate has gone up over the last couple of years to $0.12 per kWh.  So, my power rate does not allow me to be competitive either.  It's simply time for me to get out of mining and focus on trading.

I enjoy teaching and trading.  So, I'm looking forward to starting the website soon to provide trading signals and trading education.  I've been shopping lately to prepare for teaching.  Also been shopping lately for items in the office remodel.  For example, here's what I'm going to use for my desktop on the back wall in my office:  https://i.imgur.com/muciHvq.jpg  Here's some shiplap I'm going to install on the upper two thirds of the back wall in my office along with white beaderboard on the lower third of the back wall:  https://i.imgur.com/gNf19rj.jpg  The 55 inch 4K TV's will look great on that back wall with the shiplap.  Here are the three TV's I bought:  https://i.imgur.com/Rgv9jlA.jpg  I'm simply wanting my office to look nice for future training videos.

It is disappointing investing approximately $10k for a power upgrade and mining room remodel and work hard for a couple of months to remodel the mining room; only to take it apart now and sale everything individually.  I'll have approximately 400 items in total to sale on ebay by the time it's all sold.  My ebay account says I've already sold 132 items since July 29th.

I refuse to let my current mining debacle get me down.  You probably know that's how I provided for my family.  Now I'm going to use my trading and trading website to provide for my family.

Here's my most recent BTCUSD publication if you want to check it out:  https://www.tradingview.com/chart/BTCUSD/ahiDpw8x-Definitely-Looking-Like-Wyckoff-Accumulation-Schematic-2/

Here's one chart in particular for you to compare a Wyckoff Accumulation Schematic #2 (lower right corner) with current price action for BTCUSD.  It definitely looks BULLISH to me.



Best Regards,

David

[Fakhoury]

Hey Dave,

Yup, our thread is really going good with all of our contributions.

I like your new idea and from the bottom of my heart I wish you an insane success my dear brother and close friend but pardon me in something, don't you think that day trading usually and not for certain, leads to loss of BTC for a reason or another and it's the best to 'hodl' ?

Why with that much of gear you had and/or still have, didn't start mining some profitable altcoins and then convert them to Bitcoins as you know the Altcoins main purpose is to accumulate more Bitcoin ?

Again, wish you all the best my dear

Fak

Hi Fak,

It depends on how good of a trader you are in regards to whether one loses coins or gains coins when day trading.  Of course, it's virtually impossible to gain coins trading daily without knowledge and experience on how to use proper indicators.  It's also mandatory to have proper safeguards in place to keep losses small and gains large.  Another rule I follow is NEVER trade on margin (leverage).

As for mining profitable alt coins:  There are no profitable alt coins to mine anymore.  Equihash algorithm has gone ASIC.  ETH will soon be proof of stake.  What few coins left to mine already have way too many miners mining them; which in turn has driven up the difficulty.  My power rate has gone up over the last couple of years to $0.12 per kWh.  So, my power rate does not allow me to be competitive either.  It's simply time for me to get out of mining and focus on trading.

I enjoy teaching and trading.  So, I'm looking forward to starting the website soon to provide trading signals and trading education.  I've been shopping lately to prepare for teaching.  Also been shopping lately for items in the office remodel.  For example, here's what I'm going to use for my desktop on the back wall in my office:  https://i.imgur.com/muciHvq.jpg  Here's some shiplap I'm going to install on the upper two thirds of the back wall in my office along with white beaderboard on the lower third of the back wall:  https://i.imgur.com/gNf19rj.jpg  The 55 inch 4K TV's will look great on that back wall with the shiplap.  Here are the three TV's I bought:  https://i.imgur.com/Rgv9jlA.jpg  I'm simply wanting my office to look nice for future training videos.

It is disappointing investing approximately $10k for a power upgrade and mining room remodel and work hard for a couple of months to remodel the mining room; only to take it apart now and sale everything individually.  I'll have approximately 400 items in total to sale on ebay by the time it's all sold.  My ebay account says I've already sold 132 items since July 29th.

I refuse to let my current mining debacle get me down.  You probably know that's how I provided for my family.  Now I'm going to use my trading and trading website to provide for my family.

Here's my most recent BTCUSD publication if you want to check it out:  https://www.tradingview.com/chart/BTCUSD/ahiDpw8x-Definitely-Looking-Like-Wyckoff-Accumulation-Schematic-2/

Here's one chart in particular for you to compare a Wyckoff Accumulation Schematic #2 (lower right corner) with current price action for BTCUSD.  It definitely looks BULLISH to me.



Best Regards,

David

Hey Dave,

I like your mindset when you are talking about trading, I agree with every word you've said.

Regarding being disappointed, don't be brother, we are mature enough to know life is not easy yet not impossible and it's never too late to change our own career or to change our plans, we don't know what the future holds for us, for this reason, we must be cautiously optimistic and who knows, maybe this is better for you in the long run, why not ? I'm kinda sure you will do very well in your new journey as you did with mining, we've been her for too long my dear brother

I saw the ideas of yours and like them, but I've two questions if you don't

1- Would like to hear from you, when you are seeing us passing $1MM+ ?

2- What do you think about this idea ? https://www.tradingview.com/chart/BTCUSD/c2DYFwXO-Bear-time-is-near-to-end/ , it's Masterluc account.

3- The below bullish news will make you happy and euphoric

Warmest regards,
Fak

[Fakhoury]

BTC: 36% in Circulation Lost, 23% Held by Speculators, US Tax Authority Monitoring

News URL : https://news.bitcoin.com/btc-36-in-circulation-lost-23-held-by-speculators-us-tax-authority-monitoring/

[buwaytress]

Always checking in on this thread, even if I hardly contribute, but touching base with you permabulls is always nice every now and then. Latecomer myself but was surprised earlier in the year when people in this longer than I, purported bulls, were expressing how they were losing hope and it seemed strange for me, given how high price had gone just recently, and how they'd presumably been through far distressing periods.

So it's a return to basics with threads like these, especially knowing guys like Dave who appear on occassion are still fighting the fight, mining and trading... Business as usual is the mantra for the bulls.

[El duderino_]

yeah this is a nice place for BULLS/long term believers to be around..... i also don't fully understand why some where having panic etc , but maybe that just shows that some are overinvested or just don't fully believe in the long term of BTC, and surely doesn't deserve beeing in BTC this early ..... that king of people should be entering @ later times when there's no other way around it anymore         (many doesn't deserve to be in BTC @ this cheap prices)

[Bitmore1]

BTC: 36% in Circulation Lost, 23% Held by Speculators, US Tax Authority Monitoring

News URL : https://news.bitcoin.com/btc-36-in-circulation-lost-23-held-by-speculators-us-tax-authority-monitoring/

Hi again brother!!

I am a permabull.

OBVIOUSLY.

Any BTC lost is good for those who HODL, and at the same time we do need some way to more securely preserve and protect those we who HODL.

I think this is a business opportunity for those much smarter than I.  A way to secure, in a hardware wallet like Trezor or Ledger, and at the same time preserve absolute security.  It may require biometrics (fingerprints, eye scans, facial recognition technologies), or some other absolute security I cannot even imagine, but I can imagine.

For those who hold BTC,... lost BTC is no loss to you. It only increased scarcity to your benefit.  We SHOULD try to avoid the loss of BTC, and that includes those who die while owning BTC.  THIS IS AN ISSUE.  

Good will to all who HODL.  

Be strong;

We are all future wealthy IMHO.

[Fakhoury]

Always checking in on this thread, even if I hardly contribute, but touching base with you permabulls is always nice every now and then. Latecomer myself but was surprised earlier in the year when people in this longer than I, purported bulls, were expressing how they were losing hope and it seemed strange for me, given how high price had gone just recently, and how they'd presumably been through far distressing periods.

So it's a return to basics with threads like these, especially knowing guys like Dave who appear on occassion are still fighting the fight, mining and trading... Business as usual is the mantra for the bulls.

You nearly summed our live our permabull friend, buwaytress.

As we dive 'everyday' into Bitcoin, we ask ourselves, how can't people grasp this breakthrough technology and it's impact on humanity ? Are we the people with 160+ IQ assembled as one of the most intelligent communities on Earth and ever known to Humanity ?

The journey is full of frustration, but yet amazing.

yeah this is a nice place for BULLS/long term believers to be around..... i also don't fully understand why some where having panic etc , but maybe that just shows that some are overinvested or just don't fully believe in the long term of BTC, and surely doesn't deserve beeing in BTC this early ..... that king of people should be entering @ later times when there's no other way around it anymore         (many doesn't deserve to be in BTC @ this cheap prices)

You got it right our dear permabull friend, micgoossens. A lot of people who entered the space were looking for a 'get-rich-quick' theme and they even didn't try to research about bitcoin to know that in the end (long-term), it's our destiny whatever we liked or not !!!

BTC: 36% in Circulation Lost, 23% Held by Speculators, US Tax Authority Monitoring

News URL : https://news.bitcoin.com/btc-36-in-circulation-lost-23-held-by-speculators-us-tax-authority-monitoring/

Hi again brother!!

I am a permabull.

OBVIOUSLY.

Any BTC lost is good for those who HODL, and at the same time we do need some way to more securely preserve and protect those we who HODL.

I think this is a business opportunity for those much smarter than I.  A way to secure, in a hardware wallet like Trezor or Ledger, and at the same time preserve absolute security.  It may require biometrics (fingerprints, eye scans, facial recognition technologies), or some other absolute security I cannot even imagine, but I can imagine.

For those who hold BTC,... lost BTC is no loss to you. It only increased scarcity to your benefit.  We SHOULD try to avoid the loss of BTC, and that includes those who die while owning BTC.  THIS IS AN ISSUE. 

Good will to all who HODL. 

Be strong;

We are all future wealthy IMHO.

Hey Bitmore1, nice to see you again our dear permabull brother and friend

I liked the two points you've came across.

- Regarding privacy, you will find beneath this comment the state-of-art privacy guide by the infamous Go to the profile of Jameson Lopp (@lopp), it cover nearly all the issues when it comes to OPSEC.

- Regarding the lost BTC, as Satoshi said, it's sacrifice and sending a 'thank you' for the HODLERS, although I don't like BTC lost because I put myself in the shoes of the person who've lost his/her BTC and feel how much painful it's for him/her but this life and nothing we can do about, and even if we've found solutions, I don't know if it will be fail-proof/bullet-proof or not.

And yes, we must be strong whatever happens and believe me, we will be rewarded for this insane pain we've witnessed/witnessing and will witness.

Also yes, we are the NEW WORLD ELITES

[Fakhoury]

A Modest Privacy Protection Proposal (How to reclaim your privacy in the surveillance age)

News URL : https://medium.com/s/story/a-modest-privacy-protection-proposal-5b47631d7f4c

[Fakhoury]

Institutional Investors Bullish About Cryptocurrency Prospects During Economic Recession

News URL : https://bitcoinist.com/institutional-investors-bullish-about-cryptocurrency-prospects-during-economic-recession/

[dmwardjr]

Hey Dave,

I like your mindset when you are talking about trading, I agree with every word you've said.

Regarding being disappointed, don't be brother, we are mature enough to know life is not easy yet not impossible and it's never too late to change our own career or to change our plans, we don't know what the future holds for us, for this reason, we must be cautiously optimistic and who knows, maybe this is better for you in the long run, why not ? I'm kinda sure you will do very well in your new journey as you did with mining, we've been her for too long my dear brother

I saw the ideas of yours and like them, but I've two questions if you don't

1- Would like to hear from you, when you are seeing us passing $1MM+ ?

2- What do you think about this idea ? https://www.tradingview.com/chart/BTCUSD/c2DYFwXO-Bear-time-is-near-to-end/ , it's Masterluc account.

3- The below bullish news will make you happy and euphoric

Warmest regards,
Fak

Hi Fak,  Apologies for the delay, Brother!

Thanks for the motivation and inspiration!  Much appreciated, Sir!

Sure, I'll let you know when I see us potentially passing $1,000,000.  

I looked at MasterLuc's idea on Trading View.  Sure, it's possible to reach $250,000 by July 15, 2019.  However, the motivation for that coming to pass must involve a complete total decimation of FIAT and stock markets around the world [As depicted in the publication below the image of a Wyckoff Distribution Schematic #1].  



Do "NOT" assume the price action in the Dow Jones Industrial Average chart (below) "must" play out "exactly" as the Wyckoff Distribution Schematic I provided as an example (above).  It's "only" an example...  I also explain [In black text bubbles] WHY the first Up Thrust After Distribution (UTAD) was REJECTED and resulted in a continued Up Thrust while the Deep State Bankers regrouped to determine another plan of action and how they would attempt to "Control the Narrative" for the next collapse.

Link with further discussion on chart below:  https://www.tradingview.com/chart/DJI/avHhTeC9-September-October-2018-May-Be-the-Beginning-of-a-Collapse/



If the price of Bitcoin went to $250,000, that would put the market cap of Bitcoin by itself at approximately $4.5 TRILLION US dollars.  This does not include the market cap of Alt Coins.  This would imply that $4.5 Trillion had the opportunity to transfer over to exchanges to bring liquidity to those exchanges.  Such a move of liquidity would more than likely be achieved by governments for the most part in my opinion.

This move of over $4 Trillion in FIAT to exchanges would also need to be done BEFORE stock markets tank by at least 50 to 70 percent.  When the stock markets tank by this significant of a drop, it's HIGHLY LIKELY the financials (banks) will have gone under.  I suspect THEY (banks) would have been the ones to have created digital FIAT out of thin air [Through what is called, "Fractional Reserve Banking] to transfer over to many crypto exchanges across the world via their SWIFT network.  However, the citizenry would not be able to transfer their FIAT to crypto exchanges AFTER a collapse of the financials (banks).  The citizenry would be left holding an empty bag.

The scenario (above) has been a fear of mine the past couple of years.  We have the financial collapse of Greece to look back on as a perfect example of what I'm referring to.  I've often wondered how a GLOBAL collapse would affect the price of crypto currencies.  Only early adopters of crypto would be able to benefit from such a global scenario.  

We have rough times ahead in regards to stock markets crashing, banks closing and governments defaulting on their treasury bonds.  I see a total ruin resulting in a RESET of the global FIAT system.  I also see those currently in power (banks) not taking chances and positioning themselves to benefit from this circumstance by transferring capital to obtain HARD ASSETS such as physical precious metals, land, real estate and crypto currencies.

If crypto currencies go up as much as MasterLuc has depicted in that short period of a time, we can conclude most of the crypto currencies purchased during this time were purchased by bankers and governments.  Also, "IF" banks have closed (collapsed), who would want FIAT currency?  Which means, who would want to sale their crypto for FIAT on crypto exchanges?  Those who do sale are making a bad decision.  It would be best to HODL during this period if one is not equipped with proper indicators and experience to use those indicators to take advantage of the dips on the way up to $250,000.

Also, if you think about it, banks would need to transfer their FIAT to crypto exchanges BEFORE such a collapse to purchase cryptos.

Why?

Banks collapsing (going under) could disrupt trading on crypto exchanges because it would be as though the crypto exchanges were just hacked for millions of their holdings. However, those holdings just happened to be FIAT held within banks they do business with on behalf of their customers (traders) when customers transfer/wire FIAT to the exchanges.

So, if banks are going to pull this off, they would have to REALLY think this through and do it in a well orchestrated manner that avoids doing damage to their own crypto holdings they plan to accumulate.  Meaning, they would have to transfer their crypto holdings off crypto exchanges BEFORE these exchanges are affected by banks going under.

I'll have a look at your bullishness news shortly.  I wanted to respond to your questions as soon as possible after neglecting to do so for so long.  Apologies, my brother!

Best Regards!!!

David

[Fakhoury]

Hey Dave,

I like your mindset when you are talking about trading, I agree with every word you've said.

Regarding being disappointed, don't be brother, we are mature enough to know life is not easy yet not impossible and it's never too late to change our own career or to change our plans, we don't know what the future holds for us, for this reason, we must be cautiously optimistic and who knows, maybe this is better for you in the long run, why not ? I'm kinda sure you will do very well in your new journey as you did with mining, we've been her for too long my dear brother

I saw the ideas of yours and like them, but I've two questions if you don't

1- Would like to hear from you, when you are seeing us passing $1MM+ ?

2- What do you think about this idea ? https://www.tradingview.com/chart/BTCUSD/c2DYFwXO-Bear-time-is-near-to-end/ , it's Masterluc account.

3- The below bullish news will make you happy and euphoric

Warmest regards,
Fak

Hi Fak,  Apologies for the delay, Brother!

Thanks for the motivation and inspiration!  Much appreciated, Sir!

Sure, I'll let you know when I see us potentially passing $1,000,000.  

I looked at MasterLuc's idea on Trading View.  Sure, it's possible to reach $250,000 by July 15, 2019.  However, the motivation for that coming to pass must involve a complete total decimation of FIAT and stock markets around the world [As depicted in the publication below the image of a Wyckoff Distribution Schematic #1].  



Do "NOT" assume the price action in the Dow Jones Industrial Average chart (below) "must" play out "exactly" as the Wyckoff Distribution Schematic I provided as an example (above).  It's "only" an example...  I also explain [In black text bubbles] WHY the first Up Thrust After Distribution (UTAD) was REJECTED and resulted in a continued Up Thrust while the Deep State Bankers regrouped to determine another plan of action and how they would attempt to "Control the Narrative" for the next collapse.

Link with further discussion on chart below:  https://www.tradingview.com/chart/DJI/avHhTeC9-September-October-2018-May-Be-the-Beginning-of-a-Collapse/



If the price of Bitcoin went to $250,000, that would put the market cap of Bitcoin by itself at approximately $4.5 TRILLION US dollars.  This does not include the market cap of Alt Coins.  This would imply that $4.5 Trillion had the opportunity to transfer over to exchanges to bring liquidity to those exchanges.  Such a move of liquidity would more than likely be achieved by governments for the most part in my opinion.

This move of over $4 Trillion in FIAT to exchanges would also need to be done BEFORE stock markets tank by at least 50 to 70 percent.  When the stock markets tank by this significant of a drop, it's HIGHLY LIKELY the financials (banks) will have gone under.  I suspect THEY (banks) would have been the ones to have created digital FIAT out of thin air [Through what is called, "Fractional Reserve Banking] to transfer over to many crypto exchanges across the world via their SWIFT network.  However, the citizenry would not be able to transfer their FIAT to crypto exchanges AFTER a collapse of the financials (banks).  The citizenry would be left holding an empty bag.

The scenario (above) has been a fear of mine the past couple of years.  We have the financial collapse of Greece to look back on as a perfect example of what I'm referring to.  I've often wondered how a GLOBAL collapse would affect the price of crypto currencies.  Only early adopters of crypto would be able to benefit from such a global scenario.  

We have rough times ahead in regards to stock markets crashing, banks closing and governments defaulting on their treasury bonds.  I see a total ruin resulting in a RESET of the global FIAT system.  I also see those currently in power (banks) not taking chances and positioning themselves to benefit from this circumstance by transferring capital to obtain HARD ASSETS such as physical precious metals, land, real estate and crypto currencies.

If crypto currencies go up as much as MasterLuc has depicted in that short period of a time, we can conclude most of the crypto currencies purchased during this time were purchased by bankers and governments.  Also, "IF" banks have closed (collapsed), who would want FIAT currency?  Which means, who would want to sale their crypto for FIAT on crypto exchanges?  Those who do sale are making a bad decision.  It would be best to HODL during this period if one is not equipped with proper indicators and experience to use those indicators to take advantage of the dips on the way up to $250,000.

Also, if you think about it, banks would need to transfer their FIAT to crypto exchanges BEFORE such a collapse to purchase cryptos.

Why?

Banks collapsing (going under) could disrupt trading on crypto exchanges because it would be as though the crypto exchanges were just hacked for millions of their holdings. However, those holdings just happened to be FIAT held within banks they do business with on behalf of their customers (traders) when customers transfer/wire FIAT to the exchanges.

So, if banks are going to pull this off, they would have to REALLY think this through and do it in a well orchestrated manner that avoids doing damage to their own crypto holdings they plan to accumulate.  Meaning, they would have to transfer their crypto holdings off crypto exchanges BEFORE these exchanges are affected by banks going under.

I'll have a look at your bullishness news shortly.  I wanted to respond to your questions as soon as possible after neglecting to do so for so long.  Apologies, my brother!

Best Regards!!!

David

Dave, my dear brother and close friend of mine specially and for the rest of the family over here

At first, I won't accept your apology my dear because there is none, all of us know here how much of a busy man you specially these days and this thread and the family welcomes you at any time my dear.

I would like to thank you a lot for the last reply as I've learned from it a lot, it was a information-mine and let me have many questions to ask, here we go

1. Why can't I assume the price action in the Dow Jones Industrial Average chart  "must" play out "exactly" as the Wyckoff Distribution Schematic I you provided specially that with taking a close look on the DJ chart, the price was on a bull trend from the late of 2008 or 2009 I think till now and only coupled with few bear-traps or sell-offs and this bull trend must come to end ? Plus you've stated that there is a lot of supply which is not matching the demand so the test of supply here will be produce a negative result which is 'Phase D'.

2. What makes you sure that there is an imminent market crash in the making and it will hit us sooner than later ? On what base or reason did you build those assumptions my friend ?

3. Do you see governments are stacking on Bitcoin now in a secret manner ? and Why ?

4. Why you were feared about the scenario of you were referring to here "The scenario (above) has been a fear of mine the past couple of years.  We have the financial collapse of Greece to look back on as a perfect ....." ?

5. You said, "We have rough times ahead in regards to stock markets crashing, banks closing and governments defaulting on their treasury bonds.  I see a total ruin resulting in a RESET of the global FIAT system."

Why we will have rough times ahead ? And do you see this as imminent scenario ? If yes, why ?

6. Do you see banks have entered into Bitcoin accumulating business or not yet ? If not, what are they waiting for and when do you see this happening ? If yes, based on what did you say my dear ?

A lot of questions I know my dear, sorry about that but as you see, I enjoy and want to learn more from you

Thank you for your time and information in advance my dear brother

Warmest regards,
Fakhoury

[Fakhoury]

IMF: Rapid Growth of Bitcoin and Crypto Will Impact Global Financial System

News URL : https://www.ccn.com/imf-rapid-growth-of-bitcoin-and-crypto-will-impact-global-financial-system/

[dmwardjr]

Do you remember this video?  "Andreas Antonopoulos - Currency Wars and Bitcoin's Neutrality"  https://www.youtube.com/watch?v=6ZCVQHtD2l4&t=1s

I'll get back with you soon on those other questions.  Simply wanted to post a response to the IMF article.

IMF: Rapid Growth of Bitcoin and Crypto Will Impact Global Financial System

[dmwardjr]

Hi Fak,

I'll do my best to answer your questions.  Here we go...

1. Why can't I assume the price action in the Dow Jones Industrial Average chart  "must" play out "exactly" as the Wyckoff Distribution Schematic I you provided specially that with taking a close look on the DJ chart, the price was on a bull trend from the late of 2008 or 2009 I think till now and only coupled with few bear-traps or sell-offs and this bull trend must come to end ? Plus you've stated that there is a lot of supply which is not matching the demand so the test of supply here will be produce a negative result which is 'Phase D'.

Well, if you look at my chart and the "example" of the a Wyckoff Distribution Schematic #1, you can see the price action in the DJI Average chart is not EXACTLY like the price action depicted in the Wyckoff Distribution Schematic "example."  However, the "events" within each phase of both charts have occurred.

Yes, the bull trend is coming to an end.  At least for a couple of years.  I'm expecting the markets to drop approximately 70 percent.  Similar to what crypto's dropped from All Time High (ATH) to their lows. 

If you watch the two following YouTube channels religiously like I do, you will get a lot of "Fundamental Analysis" (FA) to go along with the "Technical Analysis" (TA) I've provided in my DJI Average Publication in a previous post.

To understand my Technical Analysis, you would have to understand HOW to use an indicator called, "Godmode 3.1 Mod with LSMA."  You can read the Five (5) Rules I created for Godmode that I posted in the comments section of the following publication if you want to:  https://www.tradingview.com/chart/EURUSD/aBjslCC2-Using-Godmode-3-1-mod-with-LSMA-merged-with-Stochastic-RSI/  This way, you might understand better why I'm saying I'm expecting approximately a 70 percent drop from All Time High on the DJI Average.



The IMF has been screaming lately about a DEPRESSION coming soon.  However, they are TRYING to lay a narrative to blame it on Trump.  In reality, it's the Central Bank's fault.  They wanted Hillary to get elected because she would have given them the world war they wanted in order to blame the collapse on the war instead of their

2. What makes you sure that there is an imminent market crash in the making and it will hit us sooner than later ? On what base or reason did you build those assumptions my friend ?

Well, I'm pretty much in total agreement on "most" things with the two (2) following individuals in the links I'm about to provide.  Subscribe to their channel and watch them religiously...

X22 Report:  https://www.youtube.com/watch?v=xtaypJxrU30

ITM Trading:  https://www.youtube.com/watch?v=6Lq6OhDbeAw

3. Do you see governments are stacking on Bitcoin now in a secret manner ? and Why ?

I'm believe that is the case based of what Christine Ligard (IMF Chief) total banks to do months ago.

5. You said, "We have rough times ahead in regards to stock markets crashing, banks closing and governments defaulting on their treasury bonds.  I see a total ruin resulting in a RESET of the global FIAT system."

Why we will have rough times ahead ? And do you see this as imminent scenario ? If yes, why ?

We are heading towards a DEPRESSION.  100% certain of it!!!  Even Legard (IMF Chief) says we are.  Trump and "Q" have been carrying out a plan to rid the world of our current FIAT system and Central Banking System.  If you have kept up with "Q" you would know this.  Dave, on X22 Report almost always cover "Q" posts each day during his "Political/Geopolitical" publications.

As to WHY???  Listen to what Dave says in that X22 Report link I provided.  Here it is again:  https://www.youtube.com/watch?v=xtaypJxrU30

He should be posting a "Political/Geopolitical" publication shortly.  The link I posted previously is the "Financial" publication.

6. Do you see banks have entered into Bitcoin accumulating business or not yet ? If not, what are they waiting for and when do you see this happening ? If yes, based on what did you say my dear ?

I have no proof to show by the markets they are entering into crypto.  Not sure if you knew this, but exchanges have other crypto markets for those with LARGE bank rolls who can purchase crypto in blocks of $1 Million and more.  You have to PROVE you have that kind of capital to be invited to these exchanges.  Binance, BitStamp, CoinBase and Kraken are only a few of those exchanges that have markets for big players to trade LARGE amounts without stressing the market.  Also, they are able to buy large amounts at a bargain compared to those of us "retailers" on the regular exchanges.

A lot of questions I know my dear, sorry about that but as you see, I enjoy and want to learn more from you

Thank you for your time and information in advance my dear brother

Warmest regards,
Fakhoury

No worries...  If any more questions, simply ask.

Best regards,

David

[Bitmore1]

Hi Dave, Fauk, and all my permabull brothers!

Yes, it could get very ugly.  We are talking about a hyper-inflationary collapse of the Dollar (the strongest fiat currency, which if it collapses will probably take out all the others).  Many think it is way overdue, and while I love what it will do for bitcoin and our positions who HODL, it will be a hell for the rest of the world, and it could be very destabilizing, war wise...

The problem is of course we have spent 20 trillion dollars we don't have, and have promised over 200 trillion in unfunded liabilities, which while I wish I could collect on since I have contributed to them for decades, will not be affordable.. I am of course referring to Medicare, Medicaid and Social Security.   Another way this could happen is to lose the dollar as the world reserve currency, the "petrodollar", which would result in all those dollars previously needed to buy and sell OPEC oil will all come home....

The only way the government will pay for them, (because no politician attempting to run for office can ever threaten to cut them), is to devalue the currency.  Print money.  Make it out of thin air.  Raising interest rates lately may expedite this collapse because it will only accelerate the government's insolvency.  And it is not without historical reference.  Germany Weimar republic after WW1, Venezuela, Zimbabwe 2008,,,ROME hundreds of years ago!!!!  --and many more, and they all follow the same spiral...

The compounding problem is that we have so many social programs that will collapse with the currency.  So many people depend on the government check to survive today.  As such, when hyperinflation event happens (and it can and has happened VERY FAST) their government checks will be equally worthless (unless they increase the check amounts, which causes more deficit, in a accelerating whirlpool making the dollar absolutely valueless)  and it will cause riots in the streets.  

People who don't know better (and they should) will scream for the government to fix the problem.  But the government can only use force to fix anything when there is no money, whether it is to force taxation, or in the worst case here, confiscate property -things could get very ugly-  Government force, martial law, to stop the riots, redistribute wealth, attempt to control the economy through centralized planning.  The Constitution could be an unfortunate casualty. Not good.

I am hopeful though that if a hyper inflationary event does happen that Bitcoin may be the way out without losing our freedoms and country.  And anyone with any amount of BTC/crypto/metals will be a necessary leader by default assuming property rights survive.

Not to be a downer, and in fact Bitcoin and crypto is a hedge against the worst case scenario, and perhaps it won't ever get to this point.

HODL.

[Fakhoury]

Do you remember this video?  "Andreas Antonopoulos - Currency Wars and Bitcoin's Neutrality"  https://www.youtube.com/watch?v=6ZCVQHtD2l4&t=1s

I'll get back with you soon on those other questions.  Simply wanted to post a response to the IMF article.

IMF: Rapid Growth of Bitcoin and Crypto Will Impact Global Financial System

I don't remember brother, but would like to hear your take on this piece of news please.

Hi Fak,

I'll do my best to answer your questions.  Here we go...

1. Why can't I assume the price action in the Dow Jones Industrial Average chart  "must" play out "exactly" as the Wyckoff Distribution Schematic I you provided specially that with taking a close look on the DJ chart, the price was on a bull trend from the late of 2008 or 2009 I think till now and only coupled with few bear-traps or sell-offs and this bull trend must come to end ? Plus you've stated that there is a lot of supply which is not matching the demand so the test of supply here will be produce a negative result which is 'Phase D'.

Well, if you look at my chart and the "example" of the a Wyckoff Distribution Schematic #1, you can see the price action in the DJI Average chart is not EXACTLY like the price action depicted in the Wyckoff Distribution Schematic "example."  However, the "events" within each phase of both charts have occurred.

Yes, the bull trend is coming to an end.  At least for a couple of years.  I'm expecting the markets to drop approximately 70 percent.  Similar to what crypto's dropped from All Time High (ATH) to their lows.  

If you watch the two following YouTube channels religiously like I do, you will get a lot of "Fundamental Analysis" (FA) to go along with the "Technical Analysis" (TA) I've provided in my DJI Average Publication in a previous post.

To understand my Technical Analysis, you would have to understand HOW to use an indicator called, "Godmode 3.1 Mod with LSMA."  You can read the Five (5) Rules I created for Godmode that I posted in the comments section of the following publication if you want to:  https://www.tradingview.com/chart/EURUSD/aBjslCC2-Using-Godmode-3-1-mod-with-LSMA-merged-with-Stochastic-RSI/  This way, you might understand better why I'm saying I'm expecting approximately a 70 percent drop from All Time High on the DJI Average.



The IMF has been screaming lately about a DEPRESSION coming soon.  However, they are TRYING to lay a narrative to blame it on Trump.  In reality, it's the Central Bank's fault.  They wanted Hillary to get elected because she would have given them the world war they wanted in order to blame the collapse on the war instead of their

2. What makes you sure that there is an imminent market crash in the making and it will hit us sooner than later ? On what base or reason did you build those assumptions my friend ?

Well, I'm pretty much in total agreement on "most" things with the two (2) following individuals in the links I'm about to provide.  Subscribe to their channel and watch them religiously...

X22 Report:  https://www.youtube.com/watch?v=xtaypJxrU30

ITM Trading:  https://www.youtube.com/watch?v=6Lq6OhDbeAw

3. Do you see governments are stacking on Bitcoin now in a secret manner ? and Why ?

I'm believe that is the case based of what Christine Ligard (IMF Chief) total banks to do months ago.

5. You said, "We have rough times ahead in regards to stock markets crashing, banks closing and governments defaulting on their treasury bonds.  I see a total ruin resulting in a RESET of the global FIAT system."

Why we will have rough times ahead ? And do you see this as imminent scenario ? If yes, why ?

We are heading towards a DEPRESSION.  100% certain of it!!!  Even Legard (IMF Chief) says we are.  Trump and "Q" have been carrying out a plan to rid the world of our current FIAT system and Central Banking System.  If you have kept up with "Q" you would know this.  Dave, on X22 Report almost always cover "Q" posts each day during his "Political/Geopolitical" publications.

As to WHY???  Listen to what Dave says in that X22 Report link I provided.  Here it is again:  https://www.youtube.com/watch?v=xtaypJxrU30

He should be posting a "Political/Geopolitical" publication shortly.  The link I posted previously is the "Financial" publication.

6. Do you see banks have entered into Bitcoin accumulating business or not yet ? If not, what are they waiting for and when do you see this happening ? If yes, based on what did you say my dear ?

I have no proof to show by the markets they are entering into crypto.  Not sure if you knew this, but exchanges have other crypto markets for those with LARGE bank rolls who can purchase crypto in blocks of $1 Million and more.  You have to PROVE you have that kind of capital to be invited to these exchanges.  Binance, BitStamp, CoinBase and Kraken are only a few of those exchanges that have markets for big players to trade LARGE amounts without stressing the market.  Also, they are able to buy large amounts at a bargain compared to those of us "retailers" on the regular exchanges.

A lot of questions I know my dear, sorry about that but as you see, I enjoy and want to learn more from you

Thank you for your time and information in advance my dear brother

Warmest regards,
Fakhoury

No worries...  If any more questions, simply ask.

Best regards,

David

Hey Dave,

I would like to thank you a lot for covering all these questions my dear brother and close friend of all us, not only me.

I've subscribed to those two channels right now plus I've dug into the "Q" to understand it more, a lot to read and learn from.

I agree with you that we have a depression time coming sooner than later, new era to witness as we have now Bitcoin in the wilds.

Nothing more to add, I enjoyed reading Bitmore1 latest reply, I see he adds some valuable points as well.

Thank you again my dear and wish you all the best, and please keep us updated regarding your latest trading project.

Wish you all the best.

Sincerely yours,
Fakhoury

Hi Dave, Fauk, and all my permabull brothers!

Yes, it could get very ugly.  We are talking about a hyper-inflationary collapse of the Dollar (the strongest fiat currency, which if it collapses will probably take out all the others).  Many think it is way overdue, and while I love what it will do for bitcoin and our positions who HODL, it will be a hell for the rest of the world, and it could be very destabilizing, war wise...

The problem is of course we have spent 20 trillion dollars we don't have, and have promised over 200 trillion in unfunded liabilities, which while I wish I could collect on since I have contributed to them for decades, will not be affordable.. I am of course referring to Medicare, Medicaid and Social Security.   Another way this could happen is to lose the dollar as the world reserve currency, the "petrodollar", which would result in all those dollars previously needed to buy and sell OPEC oil will all come home....

The only way the government will pay for them, (because no politician attempting to run for office can ever threaten to cut them), is to devalue the currency.  Print money.  Make it out of thin air.  Raising interest rates lately may expedite this collapse because it will only accelerate the government's insolvency.  And it is not without historical reference.  Germany Weimar republic after WW1, Venezuela, Zimbabwe 2008,,,ROME hundreds of years ago!!!!  --and many more, and they all follow the same spiral...

The compounding problem is that we have so many social programs that will collapse with the currency.  So many people depend on the government check to survive today.  As such, when hyperinflation event happens (and it can and has happened VERY FAST) their government checks will be equally worthless (unless they increase the check amounts, which causes more deficit, in a accelerating whirlpool making the dollar absolutely valueless)  and it will cause riots in the streets.  

People who don't know better (and they should) will scream for the government to fix the problem.  But the government can only use force to fix anything when there is no money, whether it is to force taxation, or in the worst case here, confiscate property -things could get very ugly-  Government force, martial law, to stop the riots, redistribute wealth, attempt to control the economy through centralized planning.  The Constitution could be an unfortunate casualty. Not good.

I am hopeful though that if a hyper inflationary event does happen that Bitcoin may be the way out without losing our freedoms and country.  And anyone with any amount of BTC/crypto/metals will be a necessary leader by default assuming property rights survive.

Not to be a downer, and in fact Bitcoin and crypto is a hedge against the worst case scenario, and perhaps it won't ever get to this point.

HODL.

Hey Bitmore1,

Nice to see you back again our permabull dear brother.

HODL, I like the way you ended your valuable post.

As I've mentioned in the above while I was talking to Dave, that for-sure coming depression time will be different for the whole world as we have Bitcoin now and no one of us knows how it will play out, but what I'm sure of that, as you said, it will reward us so well, specially the old hodlers and early adopters.

Bitcoin is here to stay and to save us all from what is happening in the world right now.

What a time to be alive !!!

[Fakhoury]

Why Bitcoin and Crypto Have No Future

News URL : https://medium.com/@joshromportl/why-bitcoin-and-crypto-have-no-future-4f95980bb774

[altercreed]

I am glad that there's this topic that exists in this forum, for at least, it can help people forget those stupid FUDs being spread by greedy people who wanted bitcoin to go down so they can purchase it as a low price. No matter what those stupid FUDs say, i am going to HODL my bitcoin for life.