Richy_T
Legendary
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Activity: 2450
Merit: 2130
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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May 21, 2021, 10:52:52 PM |
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See! This is super useful to see. It is encouraging to see so little piled up on the sell side considering the damn valley we are currently in. But to honor our lone dissenter I have reduced the sizes in the quote to teensy-weensie. Wait. That sounded like something JJG would say. Uh oh... something might have gotten stuck down in there.
Unfortunately when the walls stack like that, it often means we're due to move into the high (lower) side. The sells don't pile up, they just eat into the buy side (and vice versa when fortunes are flipped). It does explain why bounce-backs tend to be a bit easier though.
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ChartBuddy
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 21, 2021, 11:01:24 PM |
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somac.
Legendary
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Activity: 2063
Merit: 1208
Never selling
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May 21, 2021, 11:08:23 PM |
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fuck this shit.
Have your various interest earning bullshits been liquidated, yet? sorry for your loss. Only a loss (actually still mass amounts of profit) if I sell, and that is NEVER going to happen.
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Karma24
Jr. Member
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Activity: 196
Merit: 2
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May 21, 2021, 11:30:18 PM |
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Gatorelf
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May 21, 2021, 11:36:11 PM |
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you could say the crackdown on Chinese mining is good for BTC as this will reduce the carbon footprint. They use mostly coal fired power plants. Now the rest of the world pics up China's slack with more energy efficient grids. Next there will newly designed miners ( probably in the works now) that will dramatically reduce power usage while increasing computation abilities.
A lot of the Chinese mining has been using unallocated hydropower for a long time. It allows for building infrastructure that can be used before it is needed for the purposes it is ultimately destined for. right they started out with massive mining outfits using Hydro power, however that was years ago so I was thinking more on the individuals that sprung up in a country that size mining from home the last four years or so.
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somac.
Legendary
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Activity: 2063
Merit: 1208
Never selling
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May 21, 2021, 11:38:32 PM |
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I'm honestly surprised there hasn't been a bounce yet, but I remember that last cycle they dips went on for 3-5 days.
We just went though another round of FUD and the price bounced off 33k to 37k. Not a huge bounce I admit, but after the massive drop we have had, and everybody pretty much saying it's all over, I'm surprised that this FUD didn't put us under 30k, it should have, and now we are at 37k. We'll have to see how the FUD goes this weekend that they are surely going to drop on everyone.
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somac.
Legendary
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Activity: 2063
Merit: 1208
Never selling
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May 21, 2021, 11:48:20 PM |
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I have to agree with this. The China FUD was perfectly timed last night as the price was just starting on its way through resisitance. And there has been so much bullshit spewed and manipulated from various sources since this all began that I don't think there is any doubt. What the authorities don't get though is that it is them who is driving the price higher through their monetary and fiscal policies, and they don't do anything to stop it, because they are greedy shits who think they can have their cake and eat it too. Pure sociopathic behaviour that will burn their organisations (and hopefully them) in the end.
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Biodom
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Activity: 3766
Merit: 3919
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May 21, 2021, 11:53:40 PM Last edit: May 22, 2021, 12:05:24 AM by Biodom |
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I have to agree with this. The China FUD was perfectly timed last night as the price was just starting on its way through resisitance. And there has been so much bullshit spewed and manipulated from various sources since this all began that I don't think there is any doubt. What the authorities don't get though is that it is them who is driving the price higher through their monetary and fiscal policies, and they don't do anything to stop it, because they are greedy shits who think they can have their cake and eat it too. Pure sociopathic behaviour that will burn their organisations (and hopefully them) in the end. yes, like China is doing the fudding and dumb (or potentially commie-infiltrated) Western governments are nodding in approval. ...but i am going to utilize bitcoin (for lawful ends) whenever I please.
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philipma1957
Legendary
Online
Activity: 4130
Merit: 7946
'The right to privacy matters'
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May 21, 2021, 11:57:01 PM |
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Buy the dip set up your desendng ladder of buys.
I am good down to 27k.
cheap corn for all.
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bkbirge
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May 21, 2021, 11:58:18 PM |
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Buy the dip set up your desendng ladder of buys.
I am good down to 27k.
cheap corn for all.
Got the dip. Also the top. And everywhere in between. DCA.
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ChartBuddy
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 22, 2021, 12:01:33 AM |
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somac.
Legendary
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Activity: 2063
Merit: 1208
Never selling
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May 22, 2021, 12:05:48 AM |
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This would be a laugh if it actually happened
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El duderino_
Legendary
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Activity: 2520
Merit: 12131
BTC + Crossfit, living life.
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May 22, 2021, 12:06:18 AM |
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Buy the dip set up your desendng ladder of buys.
I am good down to 27k.
cheap corn for all.
I’m good for 100k and lots more, Btw.... just gotta ask.... Where you guys find new money all the time...? And why for them OG’s mostly isn’t that most of the cash not in BTC when te price was 3-digit etc.... But still, every week new cash to buy, impressive
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somac.
Legendary
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Activity: 2063
Merit: 1208
Never selling
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May 22, 2021, 12:10:52 AM Last edit: May 22, 2021, 12:36:46 AM by somac. |
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Buy the dip set up your desendng ladder of buys.
I am good down to 27k.
cheap corn for all.
I’m good for 100k and lots more, Btw.... just gotta ask.... Where you guys find new money all the time...? And why for them OG’s mostly isn’t that most of the cash not in BTC when te price was 3-digit etc.... But still, every week new cash to buy, impressive still working perhaps? that's how I get my fresh fiat.
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El duderino_
Legendary
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Activity: 2520
Merit: 12131
BTC + Crossfit, living life.
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May 22, 2021, 12:12:24 AM |
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Biodom
Legendary
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Activity: 3766
Merit: 3919
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Buy the dip set up your desendng ladder of buys.
I am good down to 27k.
cheap corn for all.
I’m good for 100k and lots more, Btw.... just gotta ask.... Where you guys find new money all the time...? And why for them OG’s mostly isn’t that most of the cash not in BTC when te price was 3-digit etc.... But still, every week new cash to buy, impressive software engineers for FAANGs get 500K/year salary (I learned about this on reddit). That's 10K/week, roughly. I am not one of them, so my investment is more limited (only 'buying' mined btc). phil had posted many times that he mines eth, ltc and doge and converts it all to either btc or cash.
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El duderino_
Legendary
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Activity: 2520
Merit: 12131
BTC + Crossfit, living life.
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May 22, 2021, 12:21:29 AM |
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Many times I do just joke, I still earn as well
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El duderino_
Legendary
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Activity: 2520
Merit: 12131
BTC + Crossfit, living life.
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May 22, 2021, 12:22:43 AM |
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Crawling into my nest.....
HODLsleep is calling me, 1llama 2 llama 3 llama 4 🦙..... night
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gallianooo
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May 22, 2021, 12:24:41 AM |
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This would be a laugh if it actually happened Bullshit I think (but would be great for BTC skyrocketting if it was / will be true).
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El duderino_
Legendary
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Activity: 2520
Merit: 12131
BTC + Crossfit, living life.
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May 22, 2021, 12:26:23 AM |
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