Torque
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Activity: 3822
Merit: 5504
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January 02, 2018, 05:37:57 PM
Last edit: January 02, 2018, 06:06:11 PM by Torque |
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What was our truly dumbest comment of 2017? There is no question: it was, and is and shall be going into the New Year our statements regarding Bitcoin. We thought it was a bubble at $5,000. We thought it was a Bubble at $10,000 and at $15,000 and at $20,000. We thought it would crash and burn long ago and clearly we were wrong Dennis Gartman And yet the U.S. stock market is the most overvalued of any point since the Roaring Twenties, but eh no problem it's perfectly fine.  And I guess it gets lost on Dennis that the Wallstreet establishment is desperate to first get a Bitcoin Futures market and then Bitcoin ETFs propped up and fast. They surely aren't going through all the trouble and effort because they want to use them to fleece a bunch of supposedly dumb millennials. That wouldn't be worth the effort. So why the sudden rush? After all these years of Bitcoin being around, why now? Perhaps Wallstreet views Bitcoin as an "uncorrelated asset" (read: not overleveraged and over-collateralized to the moon like equities)? Perhaps they know something bad is coming 12-18 months from now? Or that a Black Swan could come out of nowhere any moment? |
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Karartma1
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Activity: 2310
Merit: 1425
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January 02, 2018, 05:45:36 PM |
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Perhaps Wall Street knows that the actual economic cycle is coming to an end and Bitcoin (and crypto in general) may be ready to take over the status quo after a global financial collapse.
By the way, I missed you people. I have hundreds of pages left to read and I feel like a total noob in the recent days not knowing anything that happened.
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Toxic2040
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Activity: 1834
Merit: 4197
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January 02, 2018, 06:03:21 PM |
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Perhaps Wallstreet views Bitcoin as an "uncorrelated asset" (read: not overleveraged and over-collateralized to the moon like equities)? Perhaps they know something bad is coming 12-18 months from now? Or that a Black Swan could come out of nowhere any moment?
 I find it interesting how mainstream media is starting to label coins as "securities". |
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mike4001
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January 02, 2018, 06:08:47 PM |
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14k again. Hope that it sticks now and doesn't initiate a dump to 12,5k for the 4-5th time  |
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Ludwig Von
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January 02, 2018, 06:10:02 PM |
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What was our truly dumbest comment of 2017? There is no question: it was, and is and shall be going into the New Year our statements regarding Bitcoin. We thought it was a bubble at $5,000. We thought it was a Bubble at $10,000 and at $15,000 and at $20,000. We thought it would crash and burn long ago and clearly we were wrong Dennis Gartman And yet the U.S. stock market is the most overvalued of any point since the Roaring Twenties, but eh no problem it's perfectly fine. And I guess it gets lost on Dennis that the Wallstreet establishment is desperate to first get a Bitcoin Futures market and then Bitcoin ETFs propped up and fast. They surely aren't going through all the trouble and effort because they want to use them to fleece a bunch of supposedly dumb millennials. That wouldn't be worth the effort. So why the sudden rush? After all these years of Bitcoin being around, why now? Perhaps Wallstreet views Bitcoin as an "uncorrelated asset" (read: not overleveraged and over-collateralized to the moon like equities)? Perhaps they know something bad is coming 12-18 months from now? Or that a Black Swan could come out of nowhere any moment? Remember, Gartman is very famous for consequently, never failing, making wrong predictions, (publically at least). So this is not good news for us. |
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jojo69
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Activity: 3584
Merit: 5168
diamond-handed zealot
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January 02, 2018, 06:11:00 PM |
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is that a distant rumble of thunder I hear?
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mike4001
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January 02, 2018, 06:29:29 PM |
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is that a distant rumble of thunder I hear?
I tell you in the morning if it was a distant thunder or if it came to stay (almost 8 pm here) |
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ragnar0k
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January 02, 2018, 06:30:18 PM |
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Do we have a breakout? Is the alt-partypooping starting?
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ssmc2
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Activity: 2002
Merit: 1040
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January 02, 2018, 06:32:32 PM |
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Do we have a breakout? Is the alt-partypooping starting?
Not yet but soon |
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mike4001
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January 02, 2018, 06:36:01 PM |
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Basically every Altcoin in the red. Bought 2 BTG just before the pump/dump started :-/ But well ... was only j4f |
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ivomm
Legendary
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Activity: 1917
Merit: 3245
All good things to those who wait
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January 02, 2018, 06:36:09 PM |
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Nice lil 1K BTC buy wall on Bitfinex moving up  |
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jojo69
Legendary
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Activity: 3584
Merit: 5168
diamond-handed zealot
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January 02, 2018, 06:36:34 PM |
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oh wow that wasn't thunder guys  |
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txtravwill
Newbie
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Activity: 55
Merit: 0
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January 02, 2018, 06:41:14 PM |
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I think we need to formally adopt the hashtag, #ThanksDennisG as we see double digit+ growth this year ;-)
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mike4001
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January 02, 2018, 06:42:10 PM |
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Funny thing is, there are basically no buy walls at the moment ...
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the artful bodger
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January 02, 2018, 06:42:52 PM |
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Those US residents who dumped for tax filing reasons yesterday are probably buying back now it's lunch time on January the 2nd in the USA.
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jojo69
Legendary
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Activity: 3584
Merit: 5168
diamond-handed zealot
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January 02, 2018, 06:44:50 PM |
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Funny thing is, there are basically no buy walls at the moment ...
well, we are out of our Bband, overbought on the RSI, over the descending trendline (just)...every monitor monkey out there is waiting for the correction |
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the artful bodger
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January 02, 2018, 06:46:29 PM |
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Me right now.  WTF is that giant screen in the background? Is that a 150" TV with bitcoinity on it? |
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jojo69
Legendary
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Activity: 3584
Merit: 5168
diamond-handed zealot
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January 02, 2018, 06:46:53 PM |
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yeah, nice monitor Bob
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