JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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October 18, 2021, 09:30:16 PM |
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I can't believe that a CEO of a major financial institution is quoted as studying the PlanB S2F model, which was created by a nobody. Absolutely surreal. https://www.cnbc.com/2021/10/17/bitcoin-bull-mark-yusko-sees-trouble-at-60000-says-its-overbought.html“There are a lot of people that think we could hit $100,000 by the end of the year. The stock to flow model says we should,” the Morgan Creek Capital Management CEO and CIO told CNBC’s “Trading Nation” on Friday. My comment was not so much a hit on PlanB's S2F model, but moreso that a wealthy elite with access to the world's smartest, highly paid quants is basing his bitcoin buying decisions on something created by the community at large. Just goes to show how clueless these people really are about the Bitcoin market. Yusko has been into bitcoin for at least a few years, and likely was pro-bitcoin before planB had put out that S2F model... In other words, Yusko is not a newbie entrant into bitcoin, in terms of the financial people who have been making probitcoin proclamations... Regarding his concern (or troubles) at $60k? who knows? Sounds like a weird but conservative claim that sometimes people will make to hedge their bets.... Traditional financial experts (such as Yusko) get these momentum matters wrong sometimes (and maybe even moreso with bitcoin in terms of trying to put bitcoin into some kind of box that does not quite fit... but surely Yusko seems to understand pretty well bitcoin's upside potential... and gosh any traditional investment advisor should be attempting to error on the conservative side.. seems to me). Surely I have doubts about any kind of meaningful resistance at $60k.. but sure, I could see that there might be some concerns that a lot of ammo could get thrown at bitcoin in the sub prior ATH of $64,895, but seems a wee bit late to me to be trying to challenge Uppity momentum at these price points... especially since noman's land already started around $55k, and seems that odds would have been greater to try to stop Uppity momentum earlier (and around $55k-ish) rather than at around $60k-ish prices..,.but whatever, skeptics can skeptic all that they want... I doubt that king daddy gives too many shits. Fully expecting for the hashrate to consolidate, and the price to start pumping. Hard. Go BTC, go!
#ATH.incoming
Aw gawd..... NOT this hashrate leading BTC prices nonsense again. Whew.. Pretty bold sorcery assertion... "this night"? timezone? What time does night begin and end in terms of your prediction?
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eddie13
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BTC or BUST
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October 18, 2021, 09:41:42 PM |
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Bitcoin is winding up stored energy to catapult through the ATH.. Gotta let them buy books stack up and let liquidity stack up on the buy side.. Get those liquidity maker bots comfy with the current price so they will chase it up and through the resistance..
Ofcourse their will be resistance breaking an ATH, especially such recent ones.. Their is even resistance to breaking small local highs..
See the bottoms getting higher? <good sign Stay calm
You’ll probably wake up one day soon to $70k.. When it breaks $65k it’s going to immediately go to $66k-$67k Atleast in like 3 minutes..
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Torque
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October 18, 2021, 09:50:08 PM Last edit: October 19, 2021, 12:48:10 AM by Torque |
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Got to say I'm a bit disappointed: We just closed the weekly ATH a few minutes ago, are at 62,500 and there is not one picture of a train anywhere on this forum.
What happened?
After 8 straight years of Goxxing, FUD'ing, exchange exit scamming, Govt reg scaring, China banning, and Musk'ing, I'm all outta train and rocket pics.
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El duderino_
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BTC + Crossfit, living life.
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October 18, 2021, 09:55:38 PM |
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Then just go for some Sly indeed Also available Schwarzenegger JCVD Vin Diesel Bruce Lee Dolph Lundgren Terry crews Jason Statham The Rock Jason Mamoa …. Enough muscle to bring to the table imo free m
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JayJuanGee
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Activity: 3864
Merit: 10941
Self-Custody is a right. Say no to"Non-custodial"
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October 18, 2021, 09:58:59 PM |
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I tried to explain it before, but it went over @JJG head and he/she "exploded" in indignation...as usual. The vid lady is right, though. Of course. When in doubt, Biodom probably knows all the answers. Bitcoin is winding up stored energy to catapult through the ATH.. Gotta let them buy books stack up and let liquidity stack up on the buy side.. Get those liquidity maker bots comfy with the current price so they will chase it up and through the resistance..
Ofcourse their will be resistance breaking an ATH, especially such recent ones.. Their is even resistance to breaking small local highs..
See the bottoms getting higher? <good sign Stay calm
You’ll probably wake up one day soon to $70k.. When it breaks $65k it’s going to immediately go to $66k-$67k Atleast in like 3 minutes..
I suppose it depends upon how you consider "resistance," and I would hardly call failure to go up right away as any kind of meaningful resistance, or even a kind of 1-5% correction and taking a re-run at the top to be any kind of meaningful resistance, either. But sure, price moves are a product of both quantity and time, so the longer that we might be at a specific price, even a top-ish then it might start to feel that there is resistance... and if we cannot go up then we must go down... but still we have hardly even been in these price territories previously, so I find it quite difficult to be suggesting that we are currently feeling much if any resistance, even if the price seems to be stuck in a kind of supra $60k-ish arena, at the moment.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 18, 2021, 10:01:24 PM |
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El duderino_
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BTC + Crossfit, living life.
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Made me laugh
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El duderino_
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BTC + Crossfit, living life.
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philipma1957
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'The right to privacy matters'
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October 18, 2021, 10:11:05 PM |
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So I look at the article/ video about BTC etf.
The woman says she thinks it is fatally flawed and that if btc goes up 🆙 your etf loses money if you roll it over to a new etf.
I get that part. but what I don’t get is how does the etf make a profit.
say i pay 60k for a 30 day etf based on 1 coin and in 20 days btc is 70k what is my contract worth?
I am thinking there is a profit level of some kind in the etf if you sell it before it expires.
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JayJuanGee
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Activity: 3864
Merit: 10941
Self-Custody is a right. Say no to"Non-custodial"
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October 18, 2021, 10:21:29 PM |
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So I look at the article/ video about BTC etf.
The woman says she thinks it is fatally flawed and that if btc goes up 🆙 your etf loses money if you roll it over to a new etf.
I get that part. but what I don’t get is how does the etf make a profit.
say i pay 60k for a 30 day etf based on 1 coin and in 20 days btc is 70k what is my contract worth?
I am thinking there is a profit level of some kind in the etf if you sell it before it expires.
It gives an ability to bet on downward BTC prices (against all of us bulltards buying actual bitcoin) without having to actually buy (and then sell) bitcoin.
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jojo69
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diamond-handed zealot
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October 18, 2021, 10:36:43 PM Merited by JayJuanGee (1) |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 18, 2021, 11:01:25 PM |
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xhomerx10
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October 18, 2021, 11:09:30 PM Last edit: October 18, 2021, 11:24:10 PM by xhomerx10 Merited by JayJuanGee (1) |
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Rambo works for me too. edit: Rotated for clarity.
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ChartBuddy
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October 19, 2021, 12:01:33 AM |
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Biodom
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October 19, 2021, 12:05:56 AM Last edit: October 19, 2021, 01:52:37 AM by Biodom |
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how does the etf make a profit.
etf company makes profit on the fees. long term short makes the profit off of gullible long investors in such futures-based etf. that said, typically they allow them those ETFs to pop 50-80% initially to establish the short at better (higher) prices.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 19, 2021, 01:01:23 AM |
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JayJuanGee
Legendary
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Activity: 3864
Merit: 10941
Self-Custody is a right. Say no to"Non-custodial"
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October 19, 2021, 01:13:26 AM |
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how does the etf make a profit.
etf company makes profit on the fees. long term short makes the profit off off gullible long investors in such futures-based etf. that said, typically they allow them to pop 50-80% initially to establish the short at better (higher) prices. I did not know that there was any "they" that was "allowing".... go figure?.. learning a mile a minute in these here parts.
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BobLawblaw
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Neighborhood Shenanigans Dispenser
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October 19, 2021, 01:34:18 AM |
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Before anti-vaxxers complain about the vaccine, those complications was a result of multiple myeloma, a blood cancer which wrecked his immune system and he was 84.
He didn't die FROM COVID19. He died WITH COVID19. Subtle, but important difference. 😬
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Biodom
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October 19, 2021, 01:50:17 AM Last edit: October 19, 2021, 02:03:41 AM by Biodom |
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@JJG "they" are obviously big money shorts who wait a few mo before establishing a nice fat shorts of those long investor killer futures based ETFs and NEVER close those shorts..ever. It would be funny if it wasn't so sad-just check the darned charts. What are you arguing about: words or ideas? I know...words, of course.
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