2020VISION
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The end approaches..What are you doing to prepare?
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March 16, 2020, 01:31:16 PM |
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Guys, check out silver price. wow monkeys getting shook out the treezzz ~> blood in the streets!!
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dragonvslinux
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March 16, 2020, 01:31:40 PM |
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Who's buying the dip then? Bitcoin under $5K is a 75% discount folks. As LFC said a few days ago... don't complain later on that you didn't stack satoshis at these cheap prices. While the stock market bounces in a dead cat manner, and Bitcoin corrects and re-tests $4K level support, long-term this is actually very good imo. I think stocks have further to go down (long-term, like another 50% over the coming months), I don't think BTC has much further to go down (long-term, like $2.5K would be my lowest target, unlikely to be reached too). Bitcoin breaking the correlation with global markets is a great thing, even if not in the direction we might all immediately hope for in the short-term. BTFD Not financial advise, but underlining BTFD hehe
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2020VISION
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Activity: 118
Merit: 2
The end approaches..What are you doing to prepare?
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March 16, 2020, 01:33:44 PM |
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Who's buying the dip then? Bitcoin under $5K is a 75% discount folks. As LFC said a few days ago... don't complain later on that you didn't stack satoshis at these cheap prices. While the stock market bounces in a dead cat manner, and Bitcoin corrects and re-tests $4K level support, long-term this is actually very good imo. I think stocks have further to go down (long-term, like another 50% over the coming months), I don't think BTC has much further to go down (long-term, like $2.5K would be my lowest target, unlikely to be reached too). Bitcoin breaking the correlation with global markets is a great thing, even if not in the direction we might all immediately hope for in the short-term. BTFD Not financial advise, but underlining BTFD heheprolly people who sodl the top? :-D gogo $3500 goooo
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mindrust
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March 16, 2020, 01:36:55 PM |
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bkbirge
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March 16, 2020, 01:37:39 PM |
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Who's buying the dip then?
Just waiting on fiat to make it's slow meandering way through the system.
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Phil_S
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We choose to go to the moon
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March 16, 2020, 01:37:50 PM |
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https://www.cnbc.com/2020/03/15/traders-await-futures-open-after-fed-cuts-rates-launches-easing-program.htmlStocks fell sharply on Monday even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak.
The S&P 500 dropped 8.14% shortly after the open, triggering a “circuit breaker” trading halt that will last for 15 minutes. The Dow Jones Industrial Average fell 9.7%, or 2,250 points. The Nasdaq Composite slid 6.1%.
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Wekkel
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yes
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March 16, 2020, 01:42:31 PM |
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The longer view. We should not shy away from this but plan accordingly (not this exact scenario but the chance that Bitcoin will slumber for a while).
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rdbase
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Join the world-leading crypto sportsbook NOW!
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March 16, 2020, 01:42:51 PM |
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I am even more negative: Astute observers have been predicting the collapse of the system (including the global financial system) for about the past half-century. Not “if”, but “when”. If the current-events trend does not change soon ( NOT the damn virus, but people’s reaction to it), well... you may wish that you had traded all of your government-issued toilet paper for literal toilet paper. (Actually—for food, gold, tools, and weapons.) Is this a good time to HODL fiat?* nullius is bearish on government-issued currencies at a time when governments are in headless-chicken mode, and markets are in freefall. Accumulating more Bitcoin right now is a hedge on the potential that S will not totally HTF. In that case, you may well wish for assets in a form free from direct government control which (if you know what you are doing) is very easy to conceal, transport, and convey. It is not alarmist to observe that things are already pretty bad in many places. In case of total SHTF, neither government-issued currency nor the Internet will exist. In that case, you would need the other side of that hedge: You need to have spent at least the past few years quietly making the sorts of preparations that most people laugh at. If you already did that, then you don’t need for me to tell you that now is not a good time to be competing with desperate people for more of things that you already wisely prepared. Whereas if you didn’t, then starting that now is too late! Don’t be another desperate headless chicken. Just buy more Bitcoin, hope for the best... and if you die, at least you will die HODLing. How is that for negativity? :-) Time to BuRn your fiat! Coffee shops arent taking that shit money anymore. Starbucks even removing their chairs. So they dont have customers lingering around or because they dont wipe properly with their gov't issued paper? And I mean both TP&fiat.
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xhomerx10
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March 16, 2020, 01:45:34 PM |
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Wish you would have used a tripod or even a table; the motion of the camera was making me feel ill so I couldn't watch it all. Hope I gained enough of your wisdom to survive in the few minutes i was able to watch.
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bkbirge
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March 16, 2020, 01:46:24 PM |
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And this in the article too, made me chuckle at our idiocracy ... President Donald Trump said he was “very happy” with the announcement, adding: “I think that people in the markets should be very thrilled.”
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dragonvslinux
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March 16, 2020, 01:47:16 PM |
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Does this means you didn't buy your coins back?
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Phil_S
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We choose to go to the moon
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March 16, 2020, 01:48:37 PM |
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Even gold is going down.
But silver is doing much worse.
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mindrust
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March 16, 2020, 01:56:47 PM |
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Does this means you didn't buy your coins back? :'-( No. Not yet.
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JSRAW
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March 16, 2020, 01:56:58 PM |
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Wish you would have used a tripod or even a table; the motion of the camera was making me feel ill so I couldn't watch it all. Hope I gained enough of your wisdom to survive in the few minutes i was able to watch. Just listen may be?
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dragonvslinux
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March 16, 2020, 02:06:09 PM |
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Does this means you didn't buy your coins back? :'-( No. Not yet. Thought you put a limit buy back in at $4,500? Either way, while I don't think there is any rush in buying sub $5K, there's always that small chance that price bounces back strong at any time that everyone needs to be prepared for (just like breaking $3K like the chart you referenced or ones I published 6 months ago now: be prepared for either scenario). Quick scenario; Imagine if tomorrow the stocks plunged back down off the back of today's dead cat bounce... what could happen to the price of Bitcoin is somewhat unpredictable, but I'd expect the inverse, like today's "decoupling" It's hard to deny that people are buying the dip right now on the smaller time-frames*, even if prices will eventually go lower or re-test $4.5K again: Some nice volume coming to the buy sub $5K again by looks of it Either way: Don't panic buy or panic sell right now *Whether this is simply day traders or long-term investors remains unknown so far.
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nutildah
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Happy 10th Birthday to Dogeparty!
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March 16, 2020, 02:26:28 PM |
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Quick scenario; Imagine if tomorrow the stocks plunged back down off the back of today's dead cat bounce... what could happen to the price of Bitcoin is somewhat unpredictable, but I'd expect the inverse, like today's "decoupling" What stocks are you looking at? Stock market is down 10% today... The cat is still dead.
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El duderino_
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BTC + Crossfit, living life.
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March 16, 2020, 02:30:34 PM |
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Where is the paashaas update @?
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JSRAW
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March 16, 2020, 02:31:28 PM |
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toknormal
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March 16, 2020, 02:31:59 PM |
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Recovery in progress.
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dragonvslinux
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Local bottom forming, and support strengthening, resistance remaining constant. Breakout very likely, imho. But also a very good opportunity to counter-trade and dump coins on us. what's next Getting rejected by the 200 Week MA and volume point of control on the hourly time-frame isn't promising imo, it was looking like a nice breakout for a moment there. ... I also feel looking at smaller time-frames when the Weekly candle is about to close in 10 hours is somewhat redundant... Sorry, i wasn't too wise in choice of words and i second your opinion. Not really optimistic. But on the smaller timeframes: I chose it for visualizing the narrowing spread. Trading activity seems to be quite low, something might be in the air, imho. Forgot to reply yesterday (too drunk, housemates birthday ) but please NEVER apologize for posting your charts or ideas in this thread - especially if I disagree with it. There is little to no benefit in everyone believing the same thing will happen, especially when a majority are usually wrong. For example, while me and exstasie disagreed a lot in the recent past during the mini-bull (dead cat bounce) last year, this was beneficial because we could both benefit from each others alternative perspectives when shared. In the past few months, we have been sharing the same opinions a lot more often, and therefore the only benefit is seeing the same picture from a slightly different angle - therefore there is almost no benefit to either of us for this, or anyone else for that matter, as it only entrenches our own perspectives further. Hence, often a don't have a response to exstasie's TA, because all I would have to say is " I agree, thanks for sharing", which I find better said with merit than words. TL:DR: Please continue posting your charts and opinions, especially if they contradict my opinions
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