HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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August 28, 2018, 09:37:16 AM |
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I'm new here. Why does this thread have 21,000 pages? All I see is random charts and pictures of cute animals.
It is the heart and soul of Bitcointalk. A random mix of technical analysis, wishful thinking, overwhelming pessimism, conspiracy theories and cute pics. Because, reasons... It’s the biggest and grumpiest collection of OGs in a single spot.
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fragout
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August 28, 2018, 09:44:35 AM |
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Shut up Hairy! Don't jinx this with your prognostications.
It would be nice if bitcoin would go into a bit of a punishing phase.... to punish some of those folks waiting for cheaper coins... or those folks who are waiting for the alt coins to bring them lambos... . I just don't know if bitcoin is quite ready for punishing phase.. but it would be nice.. a bit of a fantasy of mine to re-live the late 2017 upwards price movements that took a lot of waiting for lower prices folks for a bit of a surprise. By the way, I seem to recall that a bit more than a week ago, Hairy had said that he had expected a bit of a pump to $7k or even $7,200-ish.. because BTC prices in the lower $6ks seemed to be a bit "oversold."... something like that. Ahh 2017. The happy times. We all knew it was nuts though. I dont think we will see its like again though as the the shorters are a force now. We need to bust ~7500 to break the trend line and 10k to confirm the end of the bear. This latest rally could just be another dead cat but unlike the April and July bounces, its more sure and steady unlike the 4 pump days of the other 2. I had to Sodl 50% of my stash (real world bills) so there is a great chance that this is the bottom. I knew i had to sell sometime this year but I was holding out as long as could. It sure felt so wrong though when when i clicked the sell button.
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Realerre
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August 28, 2018, 09:57:00 AM |
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I'm new here. Why does this thread have 21,000 pages? All I see is random charts and pictures of cute animals.
Because btc price usually follow the page counter of this thread, and we're trying to keeping the number high. Bots are ready for the next pump
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LFC_Bitcoin
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#1 VIP Crypto Casino
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August 28, 2018, 11:11:29 AM Last edit: August 28, 2018, 11:23:55 AM by LFC_Bitcoin |
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GUESS WHO’S BACKEdit - We just hit $7051
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Phil_S
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We choose to go to the moon
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August 28, 2018, 11:13:16 AM |
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Is it 7?
7 is back?
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Last of the V8s
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Be a bank
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August 28, 2018, 11:20:06 AM |
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I confess I got the longs/shorts ratio the wrong way round last night, since corrected. now:
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soullyG
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August 28, 2018, 11:20:58 AM |
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LFC_Bitcoin
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August 28, 2018, 11:23:30 AM |
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goldkingcoiner
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Verified Bitcoin Hodler
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August 28, 2018, 11:23:36 AM |
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El duderino_
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BTC + Crossfit, living life.
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August 28, 2018, 11:42:22 AM |
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GUESS WHO’S BACKEdit - We just hit $7051 My friend wait till 9 for vegeta But let the rally take us there
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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August 28, 2018, 11:43:52 AM |
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I copped some slight heat for calling a local bottom yesterday. But I think the thesis still stands with a local target of $7200 - $7300. Then pucker. Update - still calling for a local target of $7200, to be followed by a burning sensation. Don't ask me, I just work here. Target $7200.
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LFC_Bitcoin
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August 28, 2018, 11:46:34 AM |
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Bitcoin rose from 7k to just shy of 20k from the middle of November to the end of December. It crossed 5k for the first time in October.
Let’s remember the above & be patient. We might get an end to 2018 of bankrupt shorters after all.
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lightfoot
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I fix broken miners. And make holes in teeth :-)
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August 28, 2018, 11:52:36 AM |
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Nice way to wake up.
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marcus_of_augustus
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Eadem mutata resurgo
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August 28, 2018, 11:54:35 AM |
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miners are the natural shorts and since Bitmain is/was the biggest miner i'm assuming they are the big fat short that looks like it is getting plucked and roasted about now ... just in time for it's IPO no less.
turkeys come and go
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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August 28, 2018, 11:55:52 AM Last edit: August 28, 2018, 12:18:03 PM by HairyMaclairy |
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Long short ratioLong / short ratio still close to record high shorts according to my preferred calculation (lower bar = longs / shorts). Some stung by the latest price hike but lots of squeeze fuel left. Accelerated recovery modelIf you believe in an accelerated 2018 recovery (which I don't) then arguably we should be tracking the light blue line. Light green line shows our current performance. It's not completely out of the question however. And nothing would make me happier than to be wrong on this point. We need to jump to $9k. Squeeze fuel would be one way to get there, which means a clean break of the current down trend line requiring a price of about $7500 (downtrend line currently sitting ~$7400). Accelerated recovery model - zoomed outThis is what happens when you zoom out on the accelerated 2018 recovery. Yeah.
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realr0ach
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#TheGoyimKnow
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August 28, 2018, 12:24:37 PM |
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miners are the natural shorts and since Bitmain is/was the biggest miner i'm assuming they are the big fat short that looks like it is getting plucked and roasted about now
I think you described things the exact opposite of how they function in reality. How it really works is, shorting is only supposed to exist so people like farmers can hedge their crops; except in bitcoin, anytime a miner actually loads a big short to hedge current profits, they instantly get squeezed by the manipulator on Bitfinex. So longs and shorts exist for absolutely no reason in bitcoin other than market manipulation, kind of like how there's no reason for bitcoin to exist since it does everything worse than silver and gold except how fast it can be dumped.
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ssmc2
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August 28, 2018, 12:26:07 PM |
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Nice work Hairy. Out of curiosity, which path are you leaning towards if not the accelerated version?
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marcus_of_augustus
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Eadem mutata resurgo
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August 28, 2018, 12:27:07 PM |
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IF we repeat the 2013 twin peak pattern after 1st halving, and adjusting for extended peak-to-peak timeline (22months:30months), we could be looking at final 2nd halving bull run blow-off phase beginning soonish and peaking out ~early-Feb 2019 (48months:65months) ... slower but in the same ratio.
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