El duderino_
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Activity: 2674
Merit: 13098
BTC + Crossfit, living life.
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June 20, 2021, 08:11:38 PM |
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My btc projection number is higher than Wekkel's-I don't expect us to go lower than 19-20K (they might try to push it below prior ATH for giggles).
I smell a nocoiner that sold his bitcoins at 19k. Why does anyone belief its gonna drop just because we are lower and consolidating ... ? Few weeks back same people where aiming for 70-80-90-100K short-middle term, just normal market behavior imo. Going lower is always a part of the story but why does everyone suddenly think when we have 50% drop that another 50% is gonna happen? I see hard coiners disappoint me from time to time and probably a lot of people are getting emotionally while they think they don't etc... At the end of the story, we are all just humans, tough I expect the highest level of HODL-DIAMOND hands from people with my activity and more.... Btw I also do hope for moon every sec, but I do ride the waves when they are here...
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Biodom
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Activity: 3920
Merit: 4430
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June 20, 2021, 08:20:51 PM |
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My btc projection number is higher than Wekkel's-I don't expect us to go lower than 19-20K (they might try to push it below prior ATH for giggles).
I smell a nocoiner that sold his bitcoins at 19k. maybe you smell your own ...whatever? It's possible.
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becoin
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Activity: 3431
Merit: 1233
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June 20, 2021, 08:30:39 PM |
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Going lower is always a part of the story but why does everyone suddenly think when we have 50% drop that another 50% is gonna happen?
Because this time the attack on bitcoin is coordinated not only by banksters but by government agencies as well.
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Biodom
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Activity: 3920
Merit: 4430
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June 20, 2021, 08:30:44 PM |
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My btc projection number is higher than Wekkel's-I don't expect us to go lower than 19-20K (they might try to push it below prior ATH for giggles).
I smell a nocoiner that sold his bitcoins at 19k. Why does anyone belief its gonna drop just because we are lower and consolidating ... ? Few weeks back same people where aiming for 70-80-90-100K short-middle term, just normal market behavior imo. Going lower is always a part of the story but why does everyone suddenly think when we have 50% drop that another 50% is gonna happen? I see hard coiners disappoint me from time to time and probably a lot of people are getting emotionally while they think they don't etc... At the end of the story, we are all just humans, tough I expect the highest level of HODL-DIAMOND hands from people with my activity and more.... Btw I also do hope for moon every sec, but I do ride the waves when they are here... I am not predicting that it would go to 19-20K. Instead, I compared my position with @Wekkel's graph to say that IF we are in a bear, then I see 19-20K rather than 15K. However, we might not be in a longer term bear. In this case, we could turn around right here or at 31K. Finally, I reluctantly give a 60:40 probability to a bear for a simple reason that we seem to be in a miner liquidation situation (in China). Hash rate is dropping and this might drag for another mo or month and a half. Incidentally, sometime after July 1, China may partially reverse because they started doing it ahead of some important celebration on July 1. In commie countries they always try to put screws on whatever freedom remains ahead of important "party" dates.
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JimboToronto
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Activity: 4172
Merit: 4816
You're never too old to think young.
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June 20, 2021, 08:31:37 PM |
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Good day Bitcoinland. Three five nine six one dollars (Bitcoinaverage).
Not posting lately. Busy with infrastructure Up at Lake Bitcoin.
Glad we bought the lake With Bitcoin at all time high. Just lucky, I guess.
Go go Bitcoin go. Go Bitcoin go. Go Bitcoin. Go go Bitcoin go.
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cAPSLOCK
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Activity: 3808
Merit: 5245
Maybe the Mars is the future!
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June 20, 2021, 08:32:16 PM |
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My btc projection number is higher than Wekkel's-I don't expect us to go lower than 19-20K (they might try to push it below prior ATH for giggles).
I smell a nocoiner that sold his bitcoins at 19k. Why does anyone belief its gonna drop just because we are lower and consolidating ... ? Few weeks back same people where aiming for 70-80-90-100K short-middle term, just normal market behavior imo. Going lower is always a part of the story but why does everyone suddenly think when we have 50% drop that another 50% is gonna happen? I see hard coiners disappoint me from time to time and probably a lot of people are getting emotionally while they think they don't etc... At the end of the story, we are all just humans, tough I expect the highest level of HODL-DIAMOND hands from people with my activity and more.... Btw I also do hope for moon every sec, but I do ride the waves when they are here... One of the most important things poker taught me was emotion control. And just to let things that happen as they happen. I have friends that "check in" on me every price drop. They get more emotional about what they think I should feel rather than I. Ha! It's all just numbers in the end. And we all know (as well as we possibly can) where it goes in the end. I do not see how bitcoin can go to sub 20k. Too many very big buyers wanting to get in. And make no mistake. They are getting in, not on the retail exchanges, but over the counter.
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cAPSLOCK
Legendary
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Activity: 3808
Merit: 5245
Maybe the Mars is the future!
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June 20, 2021, 08:36:59 PM |
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So, weekend dump for ants? More cheap coins to MS.
Its kind of amzing really, every weekend has a dump. Might just be for ants, but a dump none the less. Also, haven't heard if MS have bought yet, I wonder if they are entering slower this time and perhaps closer to the lows. I only know I went out for a morning swim… when getting back inside checked the price and saw 1k lower sigh …. Would hate to pay cheap corn tomo and hate it more if it’s to the hands of a BSV’er Thinking out loud, wtf am I doing Sorry. I put this miserable thought in your head! Lol. If what he says is true that he got rid of ALL his Bitcoin for BSV can you imagine how he must feel? I was just bragging on balls of steel for swings, but BSV? Say he put 1000 bitcoin in. That would leave him with between 100-250 bitcoin worth at this point.
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modrobert
Sr. Member
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Activity: 386
Merit: 334
-"When the going gets weird, the weird turn pro."
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June 20, 2021, 08:38:24 PM Last edit: June 20, 2021, 09:32:54 PM by modrobert Merited by JayJuanGee (1) |
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This means the lightning network absolutely HAS to work. This is the moment of truth. I think very few realize how absolutely important this fact is This is the reason I have been doing what I have been doing since it came up... I had the 177th node on the network (I just retired it.. too hard to freaking maintain). I cannot code, but I have been testing and learning. I honestly wonder how much use it is currently getting. The other ugly truth is MOST of the transactions that are happening in BTC are happening OFF THE CHAIN. This is hard for me to explain, but it just hit me, on a new level, how incredibly important this is. As people opt in to Bitcoin and want to get exposure to the asset they are doing this through custodians. It is very rare that even the members of this forum really take responsibility for their coins. When I first started using Bitcoin to play poker I would never leave my coins on the poker site even. And the ONLY reason an exchange EVER touched any of my coins was for trading. When you but bitcoin on ____________ there is no transaction on the chain (unless it's Bisq) And may traders buy and sell tons without ever really leaving the exchange. I am just babbling. I will stop. But it's time for the decentralized transaction layers to start to rev their engines... Wow... here we go. Agreed, but more like Lightning is tied into the chain, not completely "off chain". (Loosely I view it a bit like an on-chain Bitcoin transaction with one confirmation security wise.) Lightning is bullish as hell in my opinion, transactions at the speed of internet, channels locked into the Bitcoin blockchain via segwit, with taproot on the horizon increasing privacy and more (DLCs etc). From my limited testing so far Lightning is definitely how I envisioned Bitcoin as a currency used by merchants and services. I think classic on-chain Bitcoin wallets will continue to be used as it is today, eg. savings/investment and unregulated "bank wire transfer" done right. I'm happy about the future for Bitcoin, but also think the whole world will benefit, finally we can move towards one planet and one human race instead of silly countries with all the bullshit limitations and friction that imposes. The future starts with a real common currency, go Bitcoin! PS: While writing this post BTC/USD rate went up through the view of the browser tab (on the way to punch a hole through the top corner of my monitor), so perhaps a bit overly positive, and again, maybe not.
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Wekkel
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Activity: 3108
Merit: 1531
yes
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June 20, 2021, 08:50:52 PM |
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I like doing small micro transactions on the LN network. It simply works, also for 1 sat transactions. With mobile wallets a plenty now, there is nothing stopping us except for taking away more technical road blocks.
It’s amazing to see where LN currently stands with a launch as recent as 2018.
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ChartBuddy
Legendary
Online
Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 20, 2021, 09:01:34 PM |
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serveria.com
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Activity: 2394
Merit: 1191
Privacy Servers. Since 2009.
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June 20, 2021, 09:12:38 PM |
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My btc projection number is higher than Wekkel's-I don't expect us to go lower than 19-20K (they might try to push it below prior ATH for giggles).
I smell a nocoiner that sold his bitcoins at 19k. He's not a nocoiner for what I know... he's just a bit... weird... perhaps desperately trying to DCA some extra sats...
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Gyrsur
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Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
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June 20, 2021, 09:13:52 PM |
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The Composite Operator is buying your bitcoins big time.
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serveria.com
Legendary
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Activity: 2394
Merit: 1191
Privacy Servers. Since 2009.
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June 20, 2021, 09:20:41 PM |
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People losing their minds, i'm flabergasted that they completly ignoring on-chain metrics.
We are not in a Bear market.
Take a beer have sex ore go walk in the park and take a deep breath.
Just watch out for the nettle near your private parts! Hope Arrie is ok by now...
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Gyrsur
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Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
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June 20, 2021, 09:40:29 PM |
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can't remember seeing the touch of the 78.6% Fibo level. the opposite measurement. we will see.
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ChartBuddy
Legendary
Online
Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 20, 2021, 10:01:25 PM |
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d_eddie
Legendary
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Activity: 2660
Merit: 3567
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June 20, 2021, 10:05:05 PM |
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I'm staying a little on the sidelines recently. Life calls and all. Seeing some dodgy price action with unexplicable - artificial? - drops and a few recoveries. Just don't poke her: she knows her way.
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philipma1957
Legendary
Online
Activity: 4284
Merit: 8729
'The right to privacy matters'
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June 20, 2021, 10:54:26 PM |
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My btc projection number is higher than Wekkel's-I don't expect us to go lower than 19-20K (they might try to push it below prior ATH for giggles).
I smell a nocoiner that sold his bitcoins at 19k. Why does anyone belief its gonna drop just because we are lower and consolidating ... ? Few weeks back same people where aiming for 70-80-90-100K short-middle term, just normal market behavior imo. Going lower is always a part of the story but why does everyone suddenly think when we have 50% drop that another 50% is gonna happen? I see hard coiners disappoint me from time to time and probably a lot of people are getting emotionally while they think they don't etc... At the end of the story, we are all just humans, tough I expect the highest level of HODL-DIAMOND hands from people with my activity and more.... Btw I also do hope for moon every sec, but I do ride the waves when they are here... Look at difficulty dropping. this is the opposite of what happened from Jan 2018 to Sept 2018. the difficulty was up at the end of every month as price was dropping. This time the difficulty is dropping as price is dropping. Yeah we could say it is the lack of chips so no new gear. But this is a new pattern. Which could mean a new price pattern will evolve in the next two- three months.
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ChartBuddy
Legendary
Online
Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 20, 2021, 11:01:26 PM |
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Richy_T
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Activity: 2590
Merit: 2271
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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June 20, 2021, 11:18:34 PM |
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Look at difficulty dropping.
this is the opposite of what happened from Jan 2018 to Sept 2018.
the difficulty was up at the end of every month as price was dropping.
This time the difficulty is dropping as price is dropping.
Yeah we could say it is the lack of chips so no new gear.
But this is a new pattern.
Which could mean a new price pattern will evolve in the next two- three months.
How has sha256 alt marketshare changed? If sha256 alts are doing stupid gains, it could be miners want to have some of that for themselves while BTC's price is wandering around in the wilderness.
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