JimboToronto
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Activity: 4018
Merit: 4505
You're never too old to think young.
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May 01, 2024, 02:47:07 AM |
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Leafs managed to pull off a win
Don't get your hopes up. The Babe Ruth Curse in Boston lasted 87 years. The Billy Goat Curse in Chicago lasted 71 years. The Curse of Harold Ballard is only 57 years old.
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ChartBuddy
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 01, 2024, 03:01:16 AM |
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ExplanationChartbuddy thanks talkimg.com
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shahzadafzal
Copper Member
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Activity: 1554
Merit: 2933
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May 01, 2024, 03:08:43 AM |
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Biodom
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Activity: 3766
Merit: 3909
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May 01, 2024, 03:47:35 AM Last edit: May 01, 2024, 04:02:51 AM by Biodom Merited by vapourminer (1), JayJuanGee (1) |
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^ trying to pooh-pooh Mr. Market? We should admit that going down 8% after halving (and 19.5% since the ATH a month or so before) is not what most of us expected. Not a biggie, yet, of course, but it is enticing to think about why this is happening. I don't buy into P. Brandt 25% probability that bitcoin has already exhausted it's bull phase as it would be quite pathetic of a bull, but it seems that some macro factors are playing into this: maybe persistent inflation and hence no easing or maybe stagflation (albeit it is ridiculous to expect stagflation when we just started the AI era). I am reading that % of people not paying their bills is increasing in parallel with the credit card debt (1.2 tril in US). maybe the large %% of the population is simply broke (even with almost full employment) Who knows, maybe we are on a verge of a recession and bitcoin is able to "sniff it out" earlier than other, often manipulated market indicators?
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ChartBuddy
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 01, 2024, 04:01:14 AM |
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ExplanationChartbuddy thanks talkimg.com
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ChartBuddy
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 01, 2024, 05:01:14 AM |
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ExplanationChartbuddy thanks talkimg.com
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In the silence
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Activity: 1290
Merit: 294
''Vincit qui se vincit''
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May 01, 2024, 05:49:22 AM |
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ChartBuddy
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 01, 2024, 06:01:16 AM |
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ExplanationChartbuddy thanks talkimg.com
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El duderino_
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Activity: 2520
Merit: 12114
BTC + Crossfit, living life.
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May 01, 2024, 06:12:00 AM |
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Its a holiday in belgium and I'm up early...
Coffee in hand with a not good price, but the coffee still good though.
Mentally preparing for an exhausting work out in an hour from now.
20 rounds of
10 burpee 150m run 10 squats 150m run 10 push ups 150m run 10 sit ups 150m run
this gonna take a long time
Will do my best in order BTC doing the same.
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ChartBuddy
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 01, 2024, 07:01:13 AM |
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ExplanationChartbuddy thanks talkimg.com
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shahzadafzal
Copper Member
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Activity: 1554
Merit: 2933
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May 01, 2024, 07:06:36 AM |
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Its a holiday in belgium and I'm up early...
Coffee in hand with a not good price, but the coffee still good though.
Mentally preparing for an exhausting work out in an hour from now.
20 rounds of
10 burpee 150m run 10 squats 150m run 10 push ups 150m run 10 sit ups 150m run
this gonna take a long time
Will do my best in order BTC doing the same.
20 rounds? Are you Superman? That's a long routine, man... more than 2 hours? 10 Burpees: 1 minute Run: 1 minute 10 Squats: 40 seconds Run: 1 minute 10 Push-Ups: 40 seconds Run: 1 minute 10 Sit-Ups: 40 seconds Run: 1 minute That totals about ~7 minutes per round. Doing 20 rounds means roughly 140 minutes, which is 2 hours and 20 minutes. Wow!!! Honestly, I'm doing something similar, but I max out at 40 minutes to 1 hour—after that, I'm totally wiped out.
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somac.
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Activity: 2063
Merit: 1208
Never selling
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May 01, 2024, 07:17:34 AM |
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^ trying to pooh-pooh Mr. Market? We should admit that going down 8% after halving (and 19.5% since the ATH a month or so before) is not what most of us expected. Not a biggie, yet, of course, but it is enticing to think about why this is happening. I don't buy into P. Brandt 25% probability that bitcoin has already exhausted it's bull phase as it would be quite pathetic of a bull, but it seems that some macro factors are playing into this: maybe persistent inflation and hence no easing or maybe stagflation (albeit it is ridiculous to expect stagflation when we just started the AI era). I am reading that % of people not paying their bills is increasing in parallel with the credit card debt (1.2 tril in US). maybe the large %% of the population is simply broke (even with almost full employment) Who knows, maybe we are on a verge of a recession and bitcoin is able to "sniff it out" earlier than other, often manipulated market indicators? Macro factors are the most obvious reason I reckon. From what I read liquidity has tightened, bank failures (albeit small) are starting to pop up, and the recent small increase in inflation is probably due more to the oil price than any actual demand. Increasing price in oil may be short term inflationary but long term it is deflationary and we may be feeling that now with some of the spending measures not looking too good. Powell's next statement should be an interesting on, I expect it to be dovish.
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LoyceV
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Activity: 3318
Merit: 16672
Thick-Skinned Gang Leader and Golden Feather 2021
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May 01, 2024, 07:27:49 AM |
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Its a holiday in belgium and I'm up early... Same in the Netherlands. Spending time with the kids, while slowly quickly getting poorer. Then again, judging by the Bitcoin Rainbow Chart, this isn't unexpected around a halving. I still have high hopes for the next 6-18 months.
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ChartBuddy
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Activity: 2184
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 01, 2024, 08:01:13 AM |
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ExplanationChartbuddy thanks talkimg.com
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cygan
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Activity: 3164
Merit: 7941
Crypto Swap Exchange
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May 01, 2024, 08:07:16 AM Merited by JayJuanGee (1) |
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its really over...
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somac.
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Activity: 2063
Merit: 1208
Never selling
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May 01, 2024, 08:19:09 AM |
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its really over... Yep, we poor again.
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OgNasty
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Activity: 4746
Merit: 4279
Leading Crypto Sports Betting & Casino Platform
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May 01, 2024, 08:30:03 AM |
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The dips just keep dipping. I think we’re closer to the bottom than the top here. Another 10% maybe but then I’ll think we’ll stabilize in preparation for the next move up. I don’t think we’ve seen this year’s high yet, but I wouldn’t be surprised if we don’t see new highs until the fourth quarter. This summer is going to test the holders.
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MERlT
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Activity: 162
Merit: 32
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May 01, 2024, 08:45:55 AM |
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The dips just keep dipping. I think we’re closer to the bottom than the top here. Another 10% maybe but then I’ll think we’ll stabilize in preparation for the next move up. I don’t think we’ve seen this year’s high yet, but I wouldn’t be surprised if we don’t see new highs until the fourth quarter. This summer is going to test the holders.
We're going down but definitely moving up, could be 20% minus 10% followed by a quartered opening top. However! market forces push a negative step, quickly trending below third quarter increments. But we're still on course for 25 yearly moving averages that, could follow trends that flow in the opposite direction. In summary, moving down could trigger upward forces that may cause a tailwind if sentiment does not mirror outward pressures in light of the the ETF which could interrupt the post halving prediction which may or may not go up and then down but could correct in a positive direction. Fourth quarter could follow third quarter output if second quarter does not show the same indication as the previous first quarter of the previous cycle.
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joker_josue
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Activity: 1666
Merit: 4587
**In BTC since 2013**
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May 01, 2024, 08:46:25 AM |
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its really over... Out of curiosity, is your graph personal, or is it something public?
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