UnDerDoG81
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December 27, 2020, 09:58:08 AM |
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We are grown ups no? Let's ask some critical questions.
Seriously, who is behind the pump? In 2013 it was mtgox manipulating the price up. As much as I remember in 2017 it were some autobots no? Now people saying now institutions getting in and pumping the price. Would they be this stupid to throw their money out of the window by buying huge amounts in one go? They could buy slowly to not pump the price.
Before posting this, you really should have read at least last 5-10k pages here on WO. Everything is explained there. There are answers to all your questions. In short: this is not personal greed kicking in now (as in 2017) it's corporate greed. If you think an institution is buying (investing billions) at 20k only to jump off at 28k then think twice! Muahaha... I doubt it. Everybody is hysterical and in bull mode. Nobody asking himself the right questions. Not only about Bitcoin. 2020 showed us once again how easy it is to manipulate people. No matter what everybody says (500k easily etc.), I set my first goal of cashing out 10% at 30.000€. And if we go to hell, at least I saved some of the cash. No regrets if it really goes to 500k. I know there are people with high interest in destroying Bitcoin. Especially since we are so close to the slavery digital Euro. And digital Yuan is reality already.
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marcus_of_augustus
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Eadem mutata resurgo
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December 27, 2020, 10:03:38 AM Last edit: December 27, 2020, 10:13:52 AM by marcus_of_augustus Merited by El duderino_ (2) |
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PlanB has posted the classical hyperinflationary chart, Weimar mark blow-up in the 1920's https://twitter.com/100trillionUSDit is instructive to note that hyperbitcoinization and S-curve adoption dynamics are essentially indistinguishable ... a hyperinflationary event is the population "adopting" a new/alternative currency, the inverse being they "disadopt", i.e. dump, the existing currency.
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ElBinBit
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ßî₸¢¤¡₦
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Guys, WO is driving the price of Bitcoin!We need to be more active at this moment! Since the price has repeatedly touched the RESISTANCE level!And the resistance directly depends on WO! 27814 LVL The more active the WO community, the higher price of Bitcoin! Together we made it!
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somac.
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Never selling
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December 27, 2020, 10:16:55 AM Merited by vapourminer (2) |
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We are grown ups no? Let's ask some critical questions. I know critical thinking is forbidden in our society. Everybody who thinks critical and asks questions is called conspiracy theorist. We see where this led us to in 2020.
Seriously, who is behind the pump? In 2013 it was mtgox manipulating the price up. As much as I remember in 2017 it were some autobots no? Now people saying now institutions getting in and pumping the price. Would they be this stupid to throw their money out of the window by buying huge amounts in one go? They could buy slowly to not pump the price.
Seriously man, go do some reading on supply constrained markets during a period of increasing demand. What you are seeing is textbook, and this shit can run for a long time. Some of the best markets to look at regarding this are property in places like California, Vancouver, Sydney, etc. Sure, they are supply constrained via policy, but the effect is the same. A never ending bull market periodically interrupted by temporary bear markets. Here's the big thing though, those markets have previously been driven via private money creation (when private banks make loans). The boom we are seeing today, not just in BTC, are being driven by private money creation plus public, and ever increasing masses of it.
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serveria.com
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Privacy Servers. Since 2009.
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December 27, 2020, 10:22:01 AM |
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We are grown ups no? Let's ask some critical questions.
Seriously, who is behind the pump? In 2013 it was mtgox manipulating the price up. As much as I remember in 2017 it were some autobots no? Now people saying now institutions getting in and pumping the price. Would they be this stupid to throw their money out of the window by buying huge amounts in one go? They could buy slowly to not pump the price.
Before posting this, you really should have read at least last 5-10k pages here on WO. Everything is explained there. There are answers to all your questions. In short: this is not personal greed kicking in now (as in 2017) it's corporate greed. If you think an institution is buying (investing billions) at 20k only to jump off at 28k then think twice! Muahaha... I doubt it. Everybody is hysterical and in bull mode. Nobody asking himself the right questions. Not only about Bitcoin. 2020 showed us once again how easy it is to manipulate people. No matter what everybody says (500k easily etc.), I set my first goal of cashing out 10% at 30.000€. And if we go to hell, at least I saved some of the cash. No regrets if it really goes to 500k. I know there are people with high interest in destroying Bitcoin. Especially since we are so close to the slavery digital Euro. And digital Yuan is reality already. Before doubting anything why don't you just do your homework and browse through all these pages? You will be surprised. Instead, you prefer to spread FUD here. Everybody is hysterical and in bull mode. Is there any reason to not be in bull mode? If the bull market ends now it will be the shortest bull market in history of BTCAs much as I remember in 2017 it were some autobots no? No, Average Joe (retail) investors drove that one. Would they be this stupid to throw their money out of the window by buying huge amounts in one go? They could buy slowly to not pump the price. No, because scarcity... nobody is ready to sell at these prices... 2020 showed us once again how easy it is to manipulate people. Covidiot detected. Have you got your tinfoil hat on? Bill and his billionaire friends haven't got anything else to do but to trace your poor man's ass with 5G and control your brain with vaccines? I set my first goal of cashing out 10% at 30.000€. And if we go to hell, at least I saved some of the cash. No regrets if it really goes to 500k. Read this before... mindrust? Especially since we are so close to the slavery digital Euro. And digital Yuan is reality already. Yeah everybody is trying to enslave you! But you are a slave already! A wageslave... P.S. But in the end of the day why in the world I'm trying to save your soul? Sell now and leave you won't be missed...
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ivomm
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All good things to those who wait
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December 27, 2020, 10:24:35 AM Last edit: December 27, 2020, 10:37:49 AM by ivomm Merited by vapourminer (1), JSRAW (1) |
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Some of my posts from Dec 2018-Feb 2019. Just wow!!! Well, it has to stop somewhere. One year ago Jihan Wu started a similar campain (flippening they called it). Aided by Rojer Ver and Craig Wright they dumped hundreds of thousands bitcoins and bought bcash driving it up to 3.5k$ on most exchanges and 9.5K$ on Coinbase. The documentation of the failed IPO shows that only Bitmain bought around 2mil bcash! Now, Wu gets what he deserved! Although he has 2mil SV now, so he can dump it to get some money to save his business from bankruptcy. Now, CW thinks he is a genious to sell his bitcoins and buy his shit. In 1 year SV will be less than 10$, while bitcoin will recover. Not only the manipulators are out of ammo, but most of the whales dumped in fear their bitcoins. What the market needs now is a nice recovery to 6K and then slowly building up to 20K and beyond. It may take some months or a couple of years, but it will happen!
Weeee! I just got paid $4300 for the inherited land. It was double than what I expected because of some error in my favour of the parameters in the documents. Now waiting for the money to arrive at CB. Then with no hesitation I will hit the button for a direct buy, I love to do that! I know that this sum is ridiculously small for many in this forum, but I am happy to increase my modest low 2 digit stash with 2 BTC in a month. At these prices I could buy with my fucking salary in the shittiest country in the world only 2 BTC in a year! My decision has always been to ignore the market pumps and dumps (I am not that good to predict esp. the dumps) and wait 2-3 years for my first sale. I hope to be able to buy a villa at the beach with part of my stash by then. I still have a firm belief that we will make it to 30K-40K range by then. We shall see. The next bitcoin halvening is in ~472 days. Currently 1800 new coins mined everyday. That will be cut in half to 900 with an 1.8% inflation rate. Why does this matter? It marks the date when bitcoin becomes less inflationary than central banks annual rate target of below 2%. https://twitter.com/AlecZiupsnys/status/1093568234647887876The launch if the Bitcoin Network in 2009 was a global earthquake. Now is time for the tsunami. If the previous halvenings led to 100x increase of price without institutional investors, imagine what will happen if they come. One of the biggest ETF companies in USA stated recently that they expect at least 10bil investment in Bitcoin ETF per year. And this is only one company! [editet out]
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marcus_of_augustus
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Eadem mutata resurgo
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December 27, 2020, 10:35:17 AM Last edit: December 27, 2020, 10:46:18 AM by marcus_of_augustus Merited by El duderino_ (1) |
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So does anyone have any insight as to why hashrate is not chasing this rise?
Are the big miners caught with their pants down?
... the power supply in some regions of China are being seriously affected by the embargo on coal supplies from Australia imposed by CCP in Beijing, blackouts, brownouts, etc. ... might have something to do with it but who knows ... https://www.scmp.com/economy/china-economy/article/3115119/china-suffers-worst-power-blackouts-decade-post-coronavirus China suffers worst power blackouts in a decade, on post-coronavirus export boom, coal supply shortage
Provinces across China are struggling with blackouts, as authorities use restrictions to curb energy use and manage supply Analysts blame the resurgence of manufacturing, a coal shortage and China’s central economic planning for the problem
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AlcoHoDL
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Never-ending bull... "Good things come to those who wait." Proven true again!
#gtcttwwhaiku
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somac.
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Never selling
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December 27, 2020, 10:39:41 AM |
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So does anyone have any insight as to why hashrate is not chasing this rise?
Are the big miners caught with their pants down?
... the power supply in some regions of China are being seriously affected by the embargo on coal supplies from Australia imposed by CCP in Beijing, blackouts, brownouts, etc. ... might have something to do with it but who knows ... Good news for our resident miners I guess.
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Arriemoller
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Cлaвa Укpaїнi!
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December 27, 2020, 10:48:12 AM |
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Just woke up to 277xx, nice, what did you guys do overnight? Wonder just how deep the correction is gonna be.
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Arriemoller
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Cлaвa Укpaїнi!
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December 27, 2020, 10:52:45 AM |
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You are getting closer to the moment when you’ll be able to buy Greece.
A mediocre island will suffice. Btw it's Sir Cryptotourist now.
I would add insult to injury and buy it with shitcoins.
Euro it is then. I like that, all us hatters should add Sir to our names. Could you please fix that Infofront.
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El duderino_
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BTC + Crossfit, living life.
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December 27, 2020, 10:57:36 AM |
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Market Cap $509,203,027,398 Dominance 70% https://coin360.com/25 above 25,000✔️ 26 above 26,000✔️ 27 above 27,000✔️ 28 28,000 29 29,000 30 30,000 31 31,000 2021 BTC to the moon Make no mistake! International banking cartel are pumping bitcoin now and will dump February and March. You're supposed to pay as much taxes for your bitcoin holdings as possible! Make sure around 31st (in any case before 15th January 2021) you have secured enough fiat to meet your tax obligations due by the end of March 2021. If you're waiting until the last days most probably you'll be forced to sell bitcoins at 2021 bottom. Nice holidays! Dammit becoin.... I’m a true bitcoiner and hodler .... so for me it’s just keep HODLing and do what I do best Though I hate it to see a hyper bull like you talking DIP’s I always like your reasoning when it comes down to corn, curious what will happen that period, but for those able to just HODL and not be affected, then just keep HODLing brothers
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FullNode
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Don't Trust, Verify
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December 27, 2020, 11:05:41 AM |
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28,000
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AlcoHoDL
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Addicted to HoDLing!
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December 27, 2020, 11:13:01 AM |
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What's happening guys?
Charts look like a bull is climbing up a staircase...
That's some good sheeeeeit!
And where the fugg is mindrust? LOL!
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_javi_
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December 27, 2020, 11:14:55 AM |
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$28224... ok, i'm a bit scared and cant fully enjoy the ride..
take it easy, BTC
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bitcoinPsycho
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$120000 in 2024 Confirmed
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December 27, 2020, 11:15:12 AM |
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This is NOT a pump for ants
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AlcoHoDL
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December 27, 2020, 11:19:04 AM |
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Have posted this before. Watch it from start to finish. Joe Pesci won an Oscar for that performance. Totally improvised. No script. https://youtu.be/yL9rSwrsMHwAlways like to watch it when we pump!
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heslo
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December 27, 2020, 11:19:11 AM |
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This is NOT a pump for ants
It's a pump for bullants!
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600watt
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December 27, 2020, 11:19:36 AM |
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dumpers? where are they?
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El duderino_
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BTC + Crossfit, living life.
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December 27, 2020, 11:19:51 AM |
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Some have said that this halving won't have as much effect as the last two, but it's still a reduction in monetary inflation from 3.7%/yr to 1.8%/yr, which is far from nothing, and in fact I see it as permanently bringing BTC out of the inflationary era and into the deflationary era. I'm not sure that we'll see 20k again in 2020 (though it could happen), but I think that 10k+ is quite likely several months after the halving. Historically, the post-halving runup has happened some time after the halving, presumably after people started to really feel the reduced supply.
For now though I don't see enough enthusiasm or other upward pressure. To the institutional investors who most push the market, BTC is largely seen as "leveraged gold", but the US/worldwide economy looks fine for now on its surface, fiat inflation isn't a widespread concern, etc. (BTC also has fundamental value beyond its value as "gold" -- a hedge against inflation and fiat collapse --, but this is a large component of the price currently.) So absent any major news, I think that the trendline is slightly downward for now. ("Major news" would be mostly regulatory-related, such as an approved BTC ETF or increased regulatory pressure. Probably the downside risk is higher than the upside risk here.)
One point of upward pressure is that there may have been some tax-loss-harvesting sales in Q4, which would now disappear. Not sure how big of an effect this was. And you might justify early-year volatility as people locking in gains ASAP in tax year 2020.
I predict that we'll sit in the 6k-7k range for some time between now and the halving, and although I wouldn't be too surprised to see prices in the lower half of that range, I'll guess near the high end, leading to my prediction of 6751-6800 on April 1. On the other hand, I predict that the supply reduction as well as mounting worldwide economic shakiness will cause a large runup (at least above 10k) in the second half of 2020. In the unlikely event that I win, please donate the BTC to a BTC-accepting charity of your choice (eg. intelligence.org or fee.org).
Lots of economic havoc. Everything is down; it's like the opposite of the "everything bubble" which has been happening for the last several years. Stocks are down, which is expected, but GLD, Bitcoin, and even TLT (=long-term treasuries) are also down. Where is the money disappearing off to? Are institutional investors really selling everything and then putting the cash "under their mattresses"?
I was especially surprised by long-term treasury yields. People are saying that the high yields are because the US is about to spend trillions of dollars on the coronavirus response, but I always thought (based on past behavior) that the treasury markets didn't really care about US debt. It'd be interesting if yields went way up -- to several percent --, which would turn this recession into a full-blown debt crisis as well. I don't think the Fed would let it happen, though, and I suspect that their intervention would not be enough to cause hyperinflation or any other short-term disaster, either, this time.
The Fed was already propping up the economy, and now they've turned it up to 11. At some point this is going to cause so much mal-investment & disconnection between the real economy and the financial system that everything really just collapses. It could happen this time, though maybe not: the USD being the global reserve currency strengthens it a lot. I've previously predicted that the collapse would come in a few decades. Regardless, the Fed's actions here very much reinforce my skepticism of the fiat economy in general. I'd much rather own a lot of BTC than participate fully in the Fed's/US's crazy game of Monopoly.
I think that the recession is good for BTC medium-term. People are selling now because people are selling everything now. But 2008 was what motivated the creation of Bitcoin, and the same things are happening now. I could see ATHs this year.
You have seen very good This post around the March bottom But what was the big difference between these 2 posts?? only 2-3 moths period between them??
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