HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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December 13, 2018, 08:31:07 PM |
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Longing at 4x
Using leverage against the dominant market trend is generally not a great idea.
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Raja_MBZ
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Activity: 1862
Merit: 1505
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December 13, 2018, 08:32:40 PM |
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There's a little "hope support" at ~$3190: Longing at 4x
Using leverage against the dominant market trend is generally not a great idea. Agreed
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bitserve
Legendary
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Activity: 1792
Merit: 1451
Self made HODLER ✓
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December 13, 2018, 08:34:41 PM |
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Reloaded at $3266
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goldkingcoiner
Legendary
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Activity: 1988
Merit: 1582
BTC 100k 2024
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December 13, 2018, 08:39:08 PM |
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Longing at 4x
Using leverage against the dominant market trend is generally not a great idea. Usually no, but I feel confident that 3k will hold. Another week of support and we are going to 3,8-4k. Last chance to long at 3,2k
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serveria.com
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Activity: 2184
Merit: 1166
Privacy Servers. Since 2009.
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December 13, 2018, 08:43:02 PM |
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Just a teeny tiny dip, nothing to see here, move on please... #HODL
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Globb0
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Activity: 2674
Merit: 2053
Free spirit
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December 13, 2018, 08:43:07 PM |
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He said, “You should outlaw [crypto assets],” because many have lost savings due to the significant slump in the crypto markets. “I am personally surprised that regulators haven’t stepped in harder.” Allianz Investors Chief. Yeah, ban things because people are being stupid. Good bye cars, internet, food, water, life. OFC an insurance salesman never sold anything dodgy or anything that could never pay out etc. etc.
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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December 13, 2018, 08:44:51 PM |
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He said, “You should outlaw [crypto assets],” because many have lost savings due to the significant slump in the crypto markets. “I am personally surprised that regulators haven’t stepped in harder.” Allianz Investors Chief. Yeah, ban things because people are being stupid. Good bye cars, internet, food, water, life. OFC an insurance salesman never sold anything dodgy or anything that could never pay out etc. etc. Allianz and four other insurers, as a result of regulator action, are refunding more than $118m in total to almost 213,000 people who bought add-on products from car dealers.
Allianz has told the banking royal commission its conduct, which was investigated by the Australian Securities and Investments Commission, fell below community standards. https://www.theguardian.com/australia-news/2018/sep/18/banking-royal-commission-allianz-to-refund-456m-over-junk-insurance-products
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PoolMinor
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Activity: 1843
Merit: 1338
XXXVII Fnord is toast without bread
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December 13, 2018, 08:45:32 PM |
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Correction: Usually a reversal but can indicate a continuing trend. In general, if you do encounter a H&Sh after a long bear move, then it is not a reverse pattern but a continuation pattern. These are rare but do exist (H&Sh continuation during a bear trend OR Inverted H&Sh during a bull trend are continuation patterns) This is why one needs to rely on more than a couple of indicators.
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Last of the V8s
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Activity: 1652
Merit: 4392
Be a bank
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December 13, 2018, 08:50:46 PM |
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Bitmex offing USians
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RejectedBanana
Sr. Member
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Activity: 406
Merit: 551
I am a banana.
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December 13, 2018, 08:53:42 PM |
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I don’t think we will see $6k again before 2020.
Agreed it's prudent to watch our hopium intake, Hairy, but 2020 seems awfully long for a return to $6k. Granted, we had a nearly 2-year downturn after Mt Gox from 2014-5 with little to no good news, but as far as fundamentals go, 2019 seems ripe for recovery. What are your assumptions on big ticket items? To name a few expected in the first half of 2019: Van Eck/CBOE ETF (admittedly low chances) Bakkt Fidelity Digital Assets Nasdaq Futures Are you thinking these things won't happen or rather they simply won't make much of a speculative difference? Are you weighing your prediction primarily on prior halving cycles? Are you correlating with global stock market expectations? I worry that speculative interest is becoming a self-fulfilling prophecy of chart analysis and pattern matching. The 2014 overlay to 2018 is eerily similar, yes, but is this simply a case of humans seeking solace in pattern matching? Meanwhile, the lightning network is exponentially expanding, BCash is conveniently self-immolating, blockchain investment and employment numbers are steadily increasing, etc etc. Sure, miners seem SOL, nothing new there; but I suspect new miners will find new places to slurp up cheap/stranded power, further decentralizing the network.
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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December 13, 2018, 08:55:02 PM |
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Toxic2040
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Activity: 1764
Merit: 4080
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December 13, 2018, 08:58:50 PM |
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That’s how the triangle crumbles
---------- Bitcoin Another retrace of familiar ground for bitcorn today. Bears have pushed the USD price down towards the yearly ATL once again. I think unless we break downwards again sharply below the -0236 fib on the hourly there is not much to see here except to buy those dips. This is also a possible set up for a nice double bottom imho. #dyor 1h 4h D #stronghands2019
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bitserve
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Activity: 1792
Merit: 1451
Self made HODLER ✓
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December 13, 2018, 09:02:11 PM |
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I don't know IF or for how long $3000 will hodl as a hard support but from now it hasn't even been properly tested. So, for the little amounts I trade nowadays (I am mostly ALL in), I will keep reloading near $3000 and selling the bounces. Rinse and repeat.
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jojo69
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Activity: 3122
Merit: 4271
diamond-handed zealot
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December 13, 2018, 09:03:57 PM |
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and to think I wasn't going to drink today
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PoolMinor
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Activity: 1843
Merit: 1338
XXXVII Fnord is toast without bread
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December 13, 2018, 09:04:28 PM |
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Simplest answer is always conspiratorial. Why should we rely on fact when we can just search for the latest tin-foil hat argument? Funny how during drops there are always news stories, yet during rises there are only rumors.
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podyx
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Activity: 2338
Merit: 1035
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December 13, 2018, 09:05:54 PM |
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img width=250]https://i.kym-cdn.com/entries/icons/facebook/000/022/978/yNlQWRM.jpg[/img]
Simplest answer is always conspiratorial. Why should we rely on fact when we can just search for the latest tin-foil hat argument? Funny how during drops there are always news stories, yet during rises there are only rumors. What news are you referring to?
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El duderino_
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Activity: 2450
Merit: 11717
BTC + Crossfit, living life.
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December 13, 2018, 09:06:37 PM |
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What i'd like to happen in a perfect trading world perfect looks different
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PoolMinor
Legendary
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Activity: 1843
Merit: 1338
XXXVII Fnord is toast without bread
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December 13, 2018, 09:08:26 PM |
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img width=250]https://i.kym-cdn.com/entries/icons/facebook/000/022/978/yNlQWRM.jpg[/img]
Simplest answer is always conspiratorial. Why should we rely on fact when we can just search for the latest tin-foil hat argument? Funny how during drops there are always news stories, yet during rises there are only rumors. What news are you referring to? https://bitcointalk.org/index.php?topic=178336.msg48651758#msg48651758
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