LFC_Bitcoin
Legendary
 Offline
Activity: 3528
Merit: 9547
#1 VIP Crypto Casino
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November 22, 2019, 07:18:17 PM |
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Are the weak hands out yet?
Price rising....$7,329
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No Gods or Kings. Only Bitcoin
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lightfoot
Legendary
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Activity: 3108
Merit: 2239
I fix broken miners. And make holes in teeth :-)
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November 22, 2019, 07:19:45 PM |
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Note to self: Be careful what you wish for....  |
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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November 22, 2019, 07:20:44 PM |
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There is a paywall on that article, so I am posting another link here: Bridgewater bets more than 1 billion on global equity pullback by MarchThe key takeaway is the following: Bridgewater paid roughly $1.5 billion for the options contracts, or just about 1% of the Westport, Conn., firm’s $150 billion in assets under management, according to people familiar with the matter. This means they bought a lottery ticket, paying 1.5 Billion, to hedge their long exposure of 150 Billions with a short one of around 100 billion (this is something I read elsewhere behind other paywalls, so you have to trust me). This 100 billion short insurance will be effective at lower market level. So, probably, it is only a way to avoid too heavy losses in case of a significant drop in the market. It’s a good move. If the market crashes they win. If the market rallies they win. If the market stays flat, they lose a small amount. But it seems unlikely to stay flat. |
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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November 22, 2019, 07:37:39 PM |
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Are the weak hands out yet?
Price rising....$7,329
My TA says we need to suffer for a while longer. |
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LFC_Bitcoin
Legendary
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Activity: 3528
Merit: 9547
#1 VIP Crypto Casino
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November 22, 2019, 07:43:18 PM |
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Are the weak hands out yet?
Price rising....$7,329
My TA says we need to suffer for a while longer. Damn it HM, wellI bought quite a lot this week. I’m out powder until mid next week. |
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Biodom
Legendary
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Activity: 3752
Merit: 3869
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November 22, 2019, 07:43:18 PM |
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There is a paywall on that article, so I am posting another link here: Bridgewater bets more than 1 billion on global equity pullback by MarchThe key takeaway is the following: Bridgewater paid roughly $1.5 billion for the options contracts, or just about 1% of the Westport, Conn., firm’s $150 billion in assets under management, according to people familiar with the matter. This means they bought a lottery ticket, paying 1.5 Billion, to hedge their long exposure of 150 Billions with a short one of around 100 billion (this is something I read elsewhere behind other paywalls, so you have to trust me). This 100 billion short insurance will be effective at lower market level. So, probably, it is only a way to avoid too heavy losses in case of a significant drop in the market. Yes, that's just hedging. I would be much more interested in knowing what Universa is up to. |
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becoin
Legendary
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Activity: 3431
Merit: 1233
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November 22, 2019, 07:48:40 PM |
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Who sold at the bottom? Thanks for the cheap coins!
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El duderino_
Legendary
 Online
Activity: 2506
Merit: 12064
BTC + Crossfit, living life.
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November 22, 2019, 07:48:50 PM |
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Happy birthday to you! Happy birthday to you! Happy birthday dear bitcointalk.org...  avatar-sized  Happy birthday to yooooooooou! edit: missed it by 12 minutes  It’s very appropriate for here |
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Indymoney
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November 22, 2019, 07:49:31 PM |
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Happy birthday to you! Happy birthday to you! Happy birthday dear bitcointalk.org... avatar-sized Happy birthday to yooooooooou! edit: missed it by 12 minutes Very nice love to be have this but cannot affored  |
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El duderino_
Legendary
Online
Activity: 2506
Merit: 12064
BTC + Crossfit, living life.
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November 22, 2019, 07:49:45 PM |
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Who sold at the bottom? Thanks for the cheap coins!
For me you are one of my favorite bulls sir ..... glad to be posting in the same thread with you! |
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El duderino_
Legendary
Online
Activity: 2506
Merit: 12064
BTC + Crossfit, living life.
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November 22, 2019, 07:51:02 PM |
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Happy birthday to you! Happy birthday to you! Happy birthday dear bitcointalk.org... avatar-sized Happy birthday to yooooooooou! edit: missed it by 12 minutes Very nice love to be have this but cannot affored Write us some good stuff and you will be wearing one faster as you think  |
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Indymoney
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November 22, 2019, 07:52:51 PM |
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Happy birthday to you! Happy birthday to you! Happy birthday dear bitcointalk.org... avatar-sized Happy birthday to yooooooooou! edit: missed it by 12 minutes Very nice love to be have this but cannot affored Write us some good stuff and you will be wearing one faster as you think Good point now trying to involve too much for this cap as its touching my heart  |
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gembitz
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November 22, 2019, 07:55:33 PM |
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$7500 dry powderrrrr boom!! :-D gogogo
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vroom
Legendary
Offline
Activity: 1302
Merit: 1681
a Cray can run an endless loop in under 4 hours
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November 22, 2019, 07:59:27 PM |
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$7500 dry powderrrrr boom!! :-D gogogo
no weeee? Who are you and what did you do with gembitz? |
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Indymoney
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November 22, 2019, 08:00:28 PM |
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$7500 dry powderrrrr boom!! :-D gogogo
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gembitz
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November 22, 2019, 08:02:26 PM |
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$7500 dry powderrrrr boom!! :-D gogogo
no weeee? Who are you and what did you do with gembitz?   weee |
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Lambie Slayer
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Hopefully 6400 will have a shot, but the speed down is brutal and the volume is still sad and longing for the Bargain Boyz to return.
If 6400 doesnt hold I dont see how we dont get to at least as low as 5200. That should be a compelling price even for the stingy, cold and calculating Bargain Boyz.
Damn Lambie, I have to say I'm pretty impressed with the general gist of your calls over the last couple of months. Your bearish leanings have been vindicated. The Bargain Boyz attempting to pick up just north of $7k have thus proven themselves to not be very good at their profession. The real Bargain Boyz will only be known to us after they have already picked up. The art of identifying the steep dollar-store bargain as its happening is one that is difficult to master.  Sir take my last 4 merits. The obvious truths are hardest to see through a cloud of bias and neediness and I commend you for having vision to pierce through that miasma. The bubble to 14k while it was spectacularly surprising and not obvious in its rise, was destined for an obvious fall if you were impartial to the circumstances. This impartiality is exceedingly difficult for people who have not invested enough. This is counterintuitive so I will explain what I mean. The general dollar store advice is that if you are biased and stressed about your investment you have invested too much, while this is true, even with Bitcoin, the opposite is also true when it comes to King Bitcoin. It is such a good investment that true bias and stress comes from investing a large amount, but the amount not being large enough. When you take your investment level to ridiculous extremes in percent of your net worth you become free of worry because you are forced to accept the fact that it could all go to zero and you will be wiped out in savings. As you deal with and accept this possibility early you realize that you are part of a cause greater than yourself and hypothetical losses in the future are inconsequential. This same phenomena is why you see children with cancer who may not survive enjoying life while their family freaks out and is sad all the time. The child is all in, while the parents are just heavily invested. The child is forced to accept the potential of his death and he becomes ok with it, the parents worry and stress the whole time. So the only stress free way I know of to invest in King Bitcoin is to go virtually all in. Any other option is where the worry can get you and the bias can cloud your judgement. |
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Raja_MBZ
Legendary
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Activity: 1862
Merit: 1505
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November 22, 2019, 08:34:01 PM |
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I'm not expecting ~$9000 support level to break down, but if it actually does break down, $6000 ain't out of cards.  Whoaza Raja. You seem to be a bit ahead of yourself, and yes I do agree that there should be some decent support at $9k, but there should also be some decent support in the $8k to $8.5k range too, no? Hmmm... from a bird's eye view at the late-2017 to 2019 price chart, it doesn't really seem like that $7xxx-$8xxx are the levels which can prove to be strong (as both, support and resistance). I know this is a very big range of values, but that's just how I look at it!  Tested $6xxx support today. The next few days are critical. |
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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November 22, 2019, 08:43:23 PM |
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bitcoinPsycho
Legendary
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Activity: 2478
Merit: 2078
$120000 in 2024 Confirmed
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November 22, 2019, 08:43:43 PM |
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I like to be a bull and i was one the biggest bulls when it was the time for it. But when it couldn't go through 11k it made a new choice and a new direction. Another thing which i don't like much here is too many hopium charts which don't show things realistically. The third and the bigest thing which i don't like here is that if you are reallistic it's not well accepted here, unless you're bullish.
I'm a hodler too but i try not to be in some kind of a fantasy world.
$10000 bitcoin in one hour. Dyor |
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