toknormal
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May 12, 2019, 08:41:54 PM |
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Maybe the BTC rise is the bow wave of a financial crisis.
Tom Luongo and David Stockman were discussing it today.
Maybe there's no "4 year BTC cycle" this time and it will be blown to Kingdom Come by a financial crisis brought on by a ceasing up of world trade, deflation in the credit system causing cratering defaults here and there, stock market tops, emerging market currency hyperinflation and Western sovereign bond meltdowns.
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Raja_MBZ
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Merit: 1505
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May 12, 2019, 08:48:23 PM Merited by JayJuanGee (1) |
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I will look forward to it... You will gloat, as the BTC price flies through $20k, and I will assert that you are "full of shit", while both of us laugh are way to the bank (in the $30k plus arena.. because we won't be hanging out in the $20ks for very long).
OMG! Someone, please merit this guy for me! No need to worry.
BTCgonna do what BTC does, and we seem to have enough cushion that any of us HODLers should not be worrying too much... and if we are worrying, we have a bit more profits that we could skim off in this $7k price range in order to prepare us for $5,800 or lower, just in case....
Let's say, for example, our total stash is only 5BTC. Let's say that we have been struggling for about the past two years to acquire BTC with every paycheck and upon every price dip. The reality of the matter is that if we really fear going down to $5,800 or lower, we could shave off somewhere between .05 BTC and .25BTC (that is between 1% and 5%) to prepare our BTC portfolio for such eventuality... personally, I would only play with the smaller amounts, but I understand that some guys (and gal) might be willing to risk a higher amount in order to prepare for down... but we should know that we are preparing for both down and up.. accordingly, we have to be able to tweak our holdings, if we are feeling uncomfortable in order to cause more comfort.
I am not always comfortable, but I have sold a bit more than 2% of my BTC portfolio with the price rise from $4,200 to $7,585... Whether I am able to buy those BTC back or not, I remain somewhat neutral in my feelings.... therefore if the price goes down, I will use some of those proceeds to buy back the BTC that I sold, yet if the BTC price does not go down, I am o.k. with that outcome too... because over 96% of my BTC to fiat value remains in BTC...
Win-win situation, I love it! I tried to do the same with a little part of my holdings (about 5%) yesterday, which is totally stuck in Binance for now. Sold at $7400 and thought the same thing, "if bitcoin goes down, I'll buy back from this USDC bag, if it doesn't go down, I still win with my remaining holdings". But then I bought back the BTC (FOMO'ed at the dump) at $6800 as I liked the little 0.03 BTC profit off that Binance bag.
Next two hours are critical.
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toknormal
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Activity: 3066
Merit: 1188
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May 12, 2019, 08:56:58 PM |
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LFC_Bitcoin
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Activity: 3668
Merit: 10256
#1 VIP Crypto Casino
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May 12, 2019, 09:12:00 PM |
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$7,127 Life feels pretty damn good right now
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Agapios
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Activity: 135
Merit: 17
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May 12, 2019, 09:16:35 PM |
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45 minutes to go until cme group bitcoin futures trading opens time for some people who missed party a bit to jump on wagon
and 44 minutes for other to pump a price for them 7144 on stamp, and up up we go
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_javier_
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Activity: 444
Merit: 31
Still a manic miner
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May 12, 2019, 09:30:11 PM |
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Let the walls mantain us above 7k and i´m a happy puppy
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El duderino_
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Activity: 2646
Merit: 12962
BTC + Crossfit, living life.
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May 12, 2019, 09:43:38 PM |
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I will look forward to it... You will gloat, as the BTC price flies through $20k, and I will assert that you are "full of shit", while both of us laugh are way to the bank (in the $30k plus arena.. because we won't be hanging out in the $20ks for very long).
OMG! Someone, please merit this guy for me! No need to worry.
BTCgonna do what BTC does, and we seem to have enough cushion that any of us HODLers should not be worrying too much... and if we are worrying, we have a bit more profits that we could skim off in this $7k price range in order to prepare us for $5,800 or lower, just in case....
Let's say, for example, our total stash is only 5BTC. Let's say that we have been struggling for about the past two years to acquire BTC with every paycheck and upon every price dip. The reality of the matter is that if we really fear going down to $5,800 or lower, we could shave off somewhere between .05 BTC and .25BTC (that is between 1% and 5%) to prepare our BTC portfolio for such eventuality... personally, I would only play with the smaller amounts, but I understand that some guys (and gal) might be willing to risk a higher amount in order to prepare for down... but we should know that we are preparing for both down and up.. accordingly, we have to be able to tweak our holdings, if we are feeling uncomfortable in order to cause more comfort.
I am not always comfortable, but I have sold a bit more than 2% of my BTC portfolio with the price rise from $4,200 to $7,585... Whether I am able to buy those BTC back or not, I remain somewhat neutral in my feelings.... therefore if the price goes down, I will use some of those proceeds to buy back the BTC that I sold, yet if the BTC price does not go down, I am o.k. with that outcome too... because over 96% of my BTC to fiat value remains in BTC...
Win-win situation, I love it! I tried to do the same with a little part of my holdings (about 5%) yesterday, which is totally stuck in Binance for now. Sold at $7400 and thought the same thing, "if bitcoin goes down, I'll buy back from this USDC bag, if it doesn't go down, I still win with my remaining holdings". But then I bought back the BTC (FOMO'ed at the dump) at $6800 as I liked the little 0.03 BTC profit off that Binance bag.
Next two hours are critical. Send him 50% of my stash,
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Toxic2040
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Activity: 1792
Merit: 4141
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May 12, 2019, 09:55:49 PM |
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+1 WOsMerit 'By doing the best they could' she said. '...and it was pretty walking good.' miss you mom. ------------ Hello everyone, I hope you are all enjoying your Mothers Day. Get out there and give some of it back to her. ------------ bitcoin #dyor 1h 1h doubled cloud #stronghands'19
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AlcoHoDL
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Addicted to HoDLing!
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May 12, 2019, 10:02:53 PM |
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Win-win situation, I love it! I tried to do the same with a little part of my holdings (about 5%) yesterday, which is totally stuck in Binance for now. Sold at $7400 and thought the same thing, "if bitcoin goes down, I'll buy back from this USDC bag, if it doesn't go down, I still win with my remaining holdings". But then I bought back the BTC (FOMO'ed at the dump) at $6800 as I liked the little 0.03 BTC profit off that Binance bag.
Based on what you've just posted, your holdings must be around 6.8 BTC. Not a small amount, well done! Keep HoDLing! [...I just love playing with numbers...]
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infofront (OP)
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Shitcoin Minimalist
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May 12, 2019, 10:03:29 PM Merited by JayJuanGee (1) |
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Hyperwave might have some merit (although not here and now). But this guy is clearly retarded if he recommends a first buy in 17 months, hyperwave or not. I find it amusing how the somewhat maligned teenagers in their parents basements making charts on tradingview and crypto twitter have issued better calls than many of these "experts".
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infofront (OP)
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Shitcoin Minimalist
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May 12, 2019, 10:05:39 PM Merited by smartcomet (1) |
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New Masterluc Telegram Post. Translation: I looked at the weekly and daily closed candles .... Not a hint of a weak trend. Bitcoin said "who the hell is wang" and defiantly went to draw a bubble from 3000 to 10,000 in one wave, breaking through the six as oil. All the same, we will test $ 6000, true from above). Hmm. What does this tell us?
Bitcoin has demonstrated that it is heavily oversold. (Ahem, still, sitting almost astride a weekly ma200 ....). If you extrapolate what is happening now for the future, it is not difficult to imagine that now it is only one, and then there will be three ... And five ... Well, that is, this jump is just a pimple on the future of an elephant.
Another Bitcoin said, who bulls shorts, will be without panties.
In short. My new opinion is $ 10k, then $ 6k. But it is not exactly! ))
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Last of the V8s
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Be a bank
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May 12, 2019, 10:13:10 PM |
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CME first trade was 7150 sorry for not real time - too mean to pay for that package
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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May 12, 2019, 10:14:43 PM |
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Cryptos are in the middle of rally, excitement and wariness are in the airAs cryptocurrencies are in the middle of a rally these days, the market is waiting excitedly (or warily) on whether or not it will continue and how far it will go. https://twitter.com/phillipnunnuk/status/1127311488870420482 I think that the odds are pretty damned low that the BTC price would rise to $20k in 45 days or less in this second time around. We were in a very strong FOMO and upwards momentum that late 2017 first time around. Actually, we would be quite lucky if BTC prices were to rise to $20k within the next 365 days.... More likely scenarios would be at least over 500 days. I would love to be proven wrong, but it seems quite fantastical and pie in the sky for anyone to be seriously expecting the BTC price to go up to $20k in 45 days, absent some real fantastical and unexpected developments.
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LFC_Bitcoin
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#1 VIP Crypto Casino
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May 12, 2019, 10:19:42 PM Merited by JayJuanGee (1) |
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Agree with you there JJG, no $20,000 breach until at least 12 months, probably 18 months. Moon is in sight though & we’ll get there.
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El duderino_
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Merit: 12962
BTC + Crossfit, living life.
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May 12, 2019, 10:22:47 PM |
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Agree with you there JJG, no $20,000 breach until at least 12 months, probably 18 months. Moon is in sight though & we’ll get there.
How many times did I hear we didn't where gonna see 7xxx this year ........ trying to predict the price is just impossible as just wastin e of time trying F*** 20K could happen in 1-2-3 weeks if BTC want it to be so!!! Closing in to HODLsleep
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Last of the V8s
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Be a bank
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May 12, 2019, 10:24:52 PM |
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this is at consensus rumours flying about probably just cryptoshitties for sale unless...
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Last of the V8s
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Be a bank
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May 12, 2019, 10:28:40 PM |
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meanwhile at magical crypto conference
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Biodom
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May 12, 2019, 10:31:26 PM |
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Agree with you there JJG, no $20,000 breach until at least 12 months, probably 18 months. Moon is in sight though & we’ll get there.
How many times did I hear we didn't where gonna see 7xxx this year ........ trying to predict the price is just impossible as just wastin e of time trying F*** 20K could happen in 1-2-3 weeks if BTC want it to be so!!! Closing in to HODLsleep It's impossible, but then... it happens. IDK.. if we are mini-bubbling here, then we could finish at around 10K, then down to 7k or even 6K (within 2-3 mo), but then pop all the way to 25-34K a la 2013 "double-pop" style. PS: funny, I posted this without looking and now I see that masterluc (in infofront's translation) said more or less the same.
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Raja_MBZ
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May 12, 2019, 10:34:28 PM |
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This dump was expected. Let's see if it extends further or not. Win-win situation, I love it! I tried to do the same with a little part of my holdings (about 5%) yesterday, which is totally stuck in Binance for now. Sold at $7400 and thought the same thing, "if bitcoin goes down, I'll buy back from this USDC bag, if it doesn't go down, I still win with my remaining holdings". But then I bought back the BTC (FOMO'ed at the dump) at $6800 as I liked the little 0.03 BTC profit off that Binance bag.
Based on what you've just posted, your holdings must be around 6.8 BTC. Not a small amount, well done! Keep HoDLing! [...I just love playing with numbers...]Oh wow! That number is extremely close to my overall portfolio worth. We've got some nice mathematicians in this thread, I wasn't aware of that! Honestly, ADA played a big role in getting me to that number; if ADA hadn't pumped as it did, I'd have been struggling at ~3.75 BTC instead of ~6.5 BTC. I literally sold the exact top of ADA/BTC last month, after it went 2x. Now it's back to the spot from where it pumped; however, I'm no longer interested in getting a crazy bag of it anymore as IOHK failed yet again to release the Shelley testnet on time. Without Shelley (PoS) on mainnet, I'm quite sure that Coinbase won't be listing them either.
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Toxic2040
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May 12, 2019, 10:37:32 PM |
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