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bkbirge
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May 08, 2020, 07:17:58 PM |
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Interesting not seeing the common if not consistent weekend profit taking from the trader types too much so far.
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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Wekkel
Legendary
 Offline
Activity: 3108
Merit: 1531
yes
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May 08, 2020, 07:29:22 PM |
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Interesting not seeing the common if not consistent weekend profit taking from the trader types too much so far.
It seems bears are not even trying anymore. This reeks like a Melt-up ahead. But I keep reasoning with a dip after the Halving. Because non-event after the fact (in the immediate term), just like precious halvings. |
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Hueristic
Legendary
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Activity: 3794
Merit: 4863
Doomed to see the future and unable to prevent it
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May 08, 2020, 07:40:10 PM |
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While it's logical, it still shocks me.
Shroomskit still around? Or did he get sectioned yet?
Not around that I know... Still the thread is fully correlated to BTC that’s why it’s still around  Except when its correlated to Covid-19.  |
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LFC_Bitcoin
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Activity: 3514
Merit: 9476
#1 VIP Crypto Casino
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Interesting not seeing the common if not consistent weekend profit taking from the trader types too much so far.
It seems bears are not even trying anymore. This reeks like a Melt-up ahead. But I keep reasoning with a dip after the Halving. Because non-event after the fact (in the immediate term), just like precious halvings.I think this will happen too. It probably wouldn’t be a bad idea to sell a couple of bitcoin’s now & wait for a dip back to $7,xxx or something a month or something after the halving. You could probably buy more coin with that money. I’m not going to do it because I don’t play that shit, I buy & HODL, buy & HODL, buy & HODL...... I wouldn’t blame anybody for trying to be clever though. |
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Biodom
Legendary
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Activity: 3738
Merit: 3836
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May 08, 2020, 07:48:27 PM |
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The 'fridge' would start working again with btc at 20k-50K |
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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May 08, 2020, 07:49:49 PM Merited by JayJuanGee (1) |
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 Take a real good look at this one.
The S&P 500 since 2012 measured in #Bitcoin instead of dollars.
The y-axis is in log scale - so if viewed on a regular scale it's much nastier. Stocks vs bitcoin hmm I wonder which |
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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May 08, 2020, 07:51:02 PM |
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Take a real good look at this one.
The S&P 500 since 2012 measured in #Bitcoin instead of dollars.
The y-axis is in log scale - so if viewed on a regular scale it's much nastier. Stocks vs bitcoin hmm I wonder which Looks like Deutsche Bank stock. |
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JayJuanGee
Legendary
 Online
Activity: 3696
Merit: 10134
Self-Custody is a right. Say no to"Non-custodial"
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May 08, 2020, 07:53:37 PM
Last edit: May 08, 2020, 08:10:26 PM by JayJuanGee |
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Masterluc is getting even more ridiculous (if it's even possible). No shit, cap... That's who mindrust admitted to following, but even mindrust recognized that he needs to take responsibility for his own allocation/trading actions even if subconsciously he had been giving way too much sorcery status to someone like masterluc, who really should not be given so much credence. People love having their sorcerers.... My personal sorcerer, in recent times, has been jbreher. Just do the opposite... hahahahaha.. just kidding good ole silly buddy. |
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JayJuanGee
Legendary
Online
Activity: 3696
Merit: 10134
Self-Custody is a right. Say no to"Non-custodial"
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May 08, 2020, 08:02:32 PM |
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Interesting not seeing the common if not consistent weekend profit taking from the trader types too much so far.
It seems bears are not even trying anymore. This reeks like a Melt-up ahead. But I keep reasoning with a dip after the Halving. Because non-event after the fact (in the immediate term), just like precious halvings. There is also a potential issue (problem), if too many people believe that a dip is "inevitable" after the halvening, and we really only have one example of a "dip after the halvening," so not easy to draw any pattern of behavior from that, especially when such dip was exacerbated by the bitfinex hackening event... and sure we could have another such "bitcoin is imminently dead" event - but haven't we already had the "world is ending soon" scenario from the virus, so sure, maybe we will get another BIG event.. maybe, maybe? I would not count on it.. but sure, maybe something like that could happen? Perhaps? Perhaps? Interesting not seeing the common if not consistent weekend profit taking from the trader types too much so far.
It seems bears are not even trying anymore. This reeks like a Melt-up ahead. But I keep reasoning with a dip after the Halving. Because non-event after the fact (in the immediate term), just like precious halvings.I think this will happen too. It probably wouldn’t be a bad idea to sell a couple of bitcoin’s now & wait for a dip back to $7,xxx or something a month or something after the halving. You could probably buy more coin with that money. I’m not going to do it because I don’t play that shit, I buy & HODL, buy & HODL, buy & HODL...... I wouldn’t blame anybody for trying to be clever though. Hahahahaha You can just laugh at them when the fuck up... and they end up selling more than they wished, sooner than they wished.  Fair enough. |
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Dakustaking76
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May 08, 2020, 08:17:01 PM |
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WTF BRO HE RIPTS HIS HEAD WHEN HE IS STILL ALIVE Damn nature at is finest! |
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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May 08, 2020, 08:22:58 PM |
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mm brainz |
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Hueristic
Legendary
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Activity: 3794
Merit: 4863
Doomed to see the future and unable to prevent it
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May 08, 2020, 08:23:29 PM |
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vapourminer
Legendary
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Activity: 4312
Merit: 3506
what is this "brake pedal" you speak of?
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May 08, 2020, 08:30:21 PM Merited by JayJuanGee (1) |
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so we should start practicing screaming like little girls? |
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Hyperjacked
Legendary
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Activity: 1610
Merit: 1119
It's all mathematics...!
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May 08, 2020, 08:34:35 PM Merited by JayJuanGee (1) |
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Hahahahaha That's what you get when you try to play too BIG with kingdaddy... especially betting against it. Good riddance... another bear reckt.. I am sure there will be quite a few more of them coming into the space, believing that they are smarter than everyone else, using traditional tools including ones that might be engaging in fractional reserves, just like there were a lot of the betting against bitcoin bears reckt in 2016 and 2017 - they had fewer tools back then, but doesn't mean that they are not going to get reckt when they try to tame the beast with their fancy new purported "bitcoin-taming" tools and bet the wrong way... the potential players are likely BIGGER... so they have to play with BIGGER amounts when they are "taming the beast" and getting reckt moar bigger. I don't think the bear whale was rekt...after all he/she made 60 mil and only lost 20 mil. Anyway... joey is among us imho on wall observer and has the liquidity! Cheers homies 😎 |
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AlexGR
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Activity: 1708
Merit: 1049
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May 08, 2020, 08:40:16 PM |
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But I keep reasoning with a dip after the Halving. Because non-event after the fact (in the immediate term), just like precious halvings.
But it does have an immediate effect after the halving: 900 less bitcoins per day or ~9mn USD. Over a month it's 270mn USD, and over a year it's 3.3 bn usd less required to keep price constant at current levels. |
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Wekkel
Legendary
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Activity: 3108
Merit: 1531
yes
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May 08, 2020, 08:47:25 PM |
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It has an effect, but not immediately. That’s what the past is telling me.
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AlexGR
Legendary
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Activity: 1708
Merit: 1049
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May 08, 2020, 08:49:26 PM |
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It has an effect, but not immediately. That’s what the past is telling me.
I would consider ~10mn/day from the get go being immediate enough. But that's just me  Past halvings were not as affected due to much lower btc prices. A days worth of mining supply was worth peanuts. 2016 was like 1800 btc down x 650 = just 1mn USD per day. The effect is tenfold right now. |
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LFC_Bitcoin
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Activity: 3514
Merit: 9476
#1 VIP Crypto Casino
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May 08, 2020, 08:50:08 PM |
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It has an effect, but not immediately. That’s what the past is telling me.
A massive effect but yeah, it was far from immediately in 2016. The real fireworks SHOULD be 2021 but honeybadger does what honeybadger wants to do. |
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gentlemand
Legendary
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Activity: 2590
Merit: 3008
Welt Am Draht
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May 08, 2020, 08:53:41 PM |
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A massive effect but yeah, it was far from immediately in 2016. The real fireworks SHOULD be 2021 but honeybadger does what honeybadger wants to do.
One of the most interesting stats of recent times was that Grayscale and Cash App have been eating 52% of mined supply. I dunno if they're guessing they get it all from miners or whether that's a fact. I imagine Grayscale would prefer to. That's two companies in one country that will be consuming more than the entire mined supply in a few days. And things are still pretty dead. This is where the human incapacity for conceiving of large numbers tends to break down, especially if you're a beary type. |
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