ChartBuddy
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April 24, 2022, 08:01:21 PM |
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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April 24, 2022, 08:18:08 PM |
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@JJG...and now that "influencer" bitboy keeps taking about the 20ies. he is actually almost a perfect predictor..as long as you take everything what he says in reverse.
I am not exactly sure of the reference. I know that you have been becoming increasingly smug about your own $30k to $60k assertion.. so then maybe we are aligning in the the sense that the $20ks are becoming less and less likely - and don't get me wrong, I surely would not want to prematurely suggest that we will "never" go below a certain price again even if the odds are seeming to become lower and lower that we will ever be revisiting those levels. Even though you and I seem to differ regarding how much dry powder to keep available for possible BTC price dips (because I do believe that you personally are ongoingly holding more fiat than me in terms of percentages to prepare for down), we do likely agree that at some point, some of those lower price points start to feel more like fantasy rather than something that has realistic chances in happening. I have some tensions in my own position too.. in terms of wanting to make sure that I always have fiat to buy on the way down.. and there have been quite a few times that my fiat levels have gotten quite low (and even nearly run out for any kind of practical purposes) - especially when I look back at the matter and I see that a lot of those instances had occurred when BTC price started to get close to the 200-week moving average... .So part of my ongoing resolution has been to attempt to make sure that I exceed my earlier preparations, and have fiat funds that go around 10% or perhaps more than that below the 200-week moving average - even if those funds might never be used to buy BTC.. and surely as the 200-week moving average continues to move up, then I can remove my buy orders (or other ways that I feel that I have held fiat in reserves) to be able to buy 10% or so below the 200-week moving average. Another weird thing is that I have already established a practice to continue to buy all the way down, so even if the BTC price gets within 30% or so of the 200-week moving average, it is not like I have a whole hell of a lot of fiat left by that time, so it is not like I am holding piles and piles of fiat in preparation for low BTC prices that may or may not happen.... So there seems to remain some humor in the whole situation that any levels of stress can still be felt because the targets just continue to move up and up and up... and I suppose part of the objective is just to attempt to maintain a structure in which BTC does not need to be sold when the price is going down rather than when the price is going up, and to try not to give too many shits about the whole matter, and I suppose in that regard, if enough fiat is held in reserve and the BTC price starts to get anywhere close to the 200-week moving average, then monies are being spent from fiat or fiat based systems or maybe even shitcoins (not admitting to owning any significant amount of those) instead of spending from BTC during those kinds of times... even though I have already experienced several times that the BTC price is dropping on an ongoing basis and I keep buying BTC with money that is in reserves for that while at the same time some of the large fiat bills are coming due... just ongoingly strange to be in such a position and to strive to maintain such reserves in order that significant amounts of financial and psychological stresses are lessened (relatively speaking).
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naim027
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April 24, 2022, 08:43:01 PM |
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Meanwhile, some of us are buying real property in the real world.
Or is owning real property in meatspace so 2018 now? So passé?
sure, people are interested, but increasingly not being able to afford RE. As i was posting before: house was 3x yearly salary in the 70ies, but 10-30X yearly salary in 2022, with 30x on the coasts. When mortgage goes to 8% (and it probably will), we might have another crisis. Either prices would have to go down, or demand would plunge, and people would have difficulty moving. In some ways, it is already starting as everyone has 3% or below mortgages, but when they buy a new house, it is more like 5%. So if people can't afford to buy something real without taking the time to save up to pay cash for it, they should spend their real money on buying imaginary bullshit? I will not spend 1% of my portfolio on those untouchable imaginary things. I am not sure how people are taking it. You will be disappointed to know (maybe you know already) that some bullshit influencers are motivating their followers to invest in that bullshit. Youtubers are telling them that this is the future. You will have to meet your friends on the metaverse. So, Buy your land as soon as possible. It seems to me that some people spend too much time in an imaginary world, playing online games, buying NFTs, watching movies and TV, etc. Wake up, people. There's a real-world out there.
I won't blame them directly. But, I would say we should be aware. We have to be careful about whom to follow. I usually love to watch Nas Daily's informative videos. But, A year ago, This guy published a video about an Indian Bitcoin Billionaire. That sounds great. Right? But, later on, I felt like that was a promotion of NFT. That Bitcoin Billionaire guy Purchased a $70M Worth of NFT Image, Which is bullshit. You shouldn't spend a lot of money on that bullshit that is just imagination. Sometimes those influencers play a significant role in people's life. Choose your idol wisely.
@JJG...and now that "influencer" bitboy keeps taking about the 20ies. he is actually almost a perfect predictor..as long as you take everything what he says in reverse.
Did you mean PlanB by Any Chance?
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suchmoon
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https://bpip.org
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April 24, 2022, 08:54:13 PM |
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It seems to me that some people spend too much time in an imaginary world, playing online games, buying NFTs, watching movies and TV, etc.
Wake up people. There's a real world out there.
No, don't wake up, please. More people wasting their money on imaginary bullshit - less overcrowding / price pressure / etc on the things that I want. People dumb enough to buy into sugarmark's metaverse I probably wouldn't want to meet IRL anyway.
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ChartBuddy
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April 24, 2022, 09:01:26 PM |
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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April 24, 2022, 09:32:24 PM |
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@JJG...no smug, but seems to be right for a few mo. Would be one of the happieest if we pop above 60K, though.
I am not even saying that you do not have some rights to be smug, even if I am calling you a fucker the whole time. For sure, the BTC price's taking the $69k to $32,951 correction since November 9th has put some dampers on some of the UPpity potentialities, so surely, I doubt that I am living in any kind of fantasy in my own expectations, hopes and assignment of probabilities, which I will concede both have to move downward when we get stuck in these lower prices, and also with the passage of time, then it becomes less likely that the BTC price can overcome some of the resistances to both start a kind of upwards climb and then to allow for ongoing momentum that is not significantly or meaningfully corrected - whether we are referring to a calendar year (such as 2022) timeframe or we are attempting to adjust the timeframe as we go to possibly make the timeframe longer to account for the lack of UPpity movement with the passage of time. Furthermore, I am not even going to presume that we are going to have to stick with the earlier framings of the stock-to-flow model and/or the 4-year fractal - if the actual factual performance of BTC prices have been drawing us outside of some of the logical underpinnings of those framworks. Even at this time, as I type this post, I don't consider the stock-to-flow nor the 4-year fractal to be out of play yet - even though I can appreciate the compellingness such framings continue to diminish with the passage of time... such as already having had passed through nearly 4 months into 2022. And, yeah, even our recent pushes to get above $46k on a couple of occasions did not solidly cause us to have confidence that the $32,951 bottom is "in" even though having had spent more than a week over $46k (in late March/early April) does give some higher levels of confidence (maybe not quite higher than 50%) that the $32,951 bottom is "in".. and even I had moved my own goal posts regarding the matter of what would cause the bottom of $32,951 to be considered to be "in" even before $46k had been surpassed in late March - about a month ago. Of course, ongoingly there are some real bullshit talking points out there, and even if some of these negative campaigns (regulatory happenings) might end up playing out to contribute towards slowing down in bitcoin's UPpity scenarios, there still are no sound money competitors even if various government regulations start to side towards the propping up of smoke and mirror houses of cards.. They are likely to impose their own costs upon themselves if they are going to provide favoritism to the various scamming systems - not that fiat does not already have some of its own misleading and scamming elements. Since both you and I know that bitcoin does not have any marketing team beyond the voluntary passions of a bunch of individuals, I doubt that "we" as a community really need to come together to agree to combat the same things - even though it is quite likely that there would end up being a lot of backlash from a lot of bitcoiners if the EU or other various European governments were to be so dumb in their enactment of some of those kinds of regulatory efforts favoring ETH over BTC.
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ChartBuddy
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April 24, 2022, 10:03:28 PM |
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danadc
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April 24, 2022, 10:28:55 PM |
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I have been seeing and learning what I can of technical analysis, I like the points of view that has cointelegraph on the market, but I like it more than when everyone gives as a detail that the price of BTC will go down, there are analysis so they are the ones who question Almost everything and most times is the one that is right: “Prepare yourself for the next runup. Historically speaking, this has been one of the best ranges for buying Bitcoin!” popular YouTuber Crypto Rover argued alongside a chart comparing Bitcoin price performance to the strength of the United States dollar. Source: https://cointelegraph.com/news/bitcoin-funding-rates-show-demand-to-short-btc-as-40k-becomes-resistance
As I do not like to stay with only 1 point of view, on Twitter there are always interesting analyzes: Twitter Source: https://twitter.com/VailshireCap/status/1518330414753992704The long-term trend is Bullish, then things go by very good path. I am not an investment counselor, but Bitcoin is very good for those who are undecided if buying or not, this is a good reason to do it.
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ChartBuddy
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April 24, 2022, 11:03:29 PM |
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AverageGlabella
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April 24, 2022, 11:17:03 PM |
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No, don't wake up, please. More people wasting their money on imaginary bullshit - less overcrowding / price pressure / etc on the things that I want. People dumb enough to buy into sugarmark's metaverse I probably wouldn't want to meet IRL anyway.
Most are children that think they can get rich quick with whatever the news is pushing onto them I would not judge them to much they are just desperate people. They might wake up some day when they are older.
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savetherainforest
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April 24, 2022, 11:55:37 PM Last edit: April 25, 2022, 12:08:42 AM by savetherainforest |
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I don't get it why people are envious on sh!tcoins. In my perspective, being able to own sh!tcoins, is the equivalent of being an american an being able to buy guns. It is a contingency in case of something happens. For example China can't invade US, because they have guns (Even if they have a huge population). And Ukraine would not have happened if the citizens had the right to bare arms and Russia couldn't invade. *edit(): So in conclusion, everyone has the right to bare sh!tcoins. (Just in case the banks will have too many BTCiTcoins and will try to control things.) Because if any banks, system, company, government has too much of it then they are in control. And the only way to devalue BTCiTcoin is trought sh!tcoins, and the power will be more divided and eroded. It is the only way to devalue the banks and governments that try to buy too much BTCiTcoin.
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ChartBuddy
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April 25, 2022, 12:05:00 AM |
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somac.
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Never selling
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April 25, 2022, 12:14:11 AM |
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#haikuSunday the world is crazy there are times nothing makes sense best time to stack sats----------------- the Sunday wall report def seems like more down than more up at this point tomorrow is going to be volatile in legacy markets and will likely see a continuing selloff started late in last weeks closing session https://www.cnn.com/business/markets/premarkets4 hour is not showing much other than extremely thin liquidity daily showing market indecision with a spinning top candle weekly is presenting a gravestone a long legged doji with the price closely contested near the bottom nothing has changed imo I dont think bitcoin has the strength to move against the markets right now i just dont i wish it would...I really do...would love to see it pump back towards ath's and beyond with the current macro economic picture....seems a big ask find places to stack sats and DCA in and dyor 4h D W strtonghands Accumulation is where we are at until the Fed is finished playing bad cop. It's that simple. Any ATHs or lengthy bullish moves can be forgotten about until that time comes.
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Biodom
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April 25, 2022, 12:25:16 AM |
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Accumulation is where we are at until the Fed is finished playing bad cop. It's that simple. Any ATHs or lengthy bullish moves can be forgotten about until that time comes.
if it is that simple, then it is NOT digital gold, but what, then?
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shahzadafzal
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April 25, 2022, 12:28:19 AM |
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somac.
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Never selling
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April 25, 2022, 12:32:24 AM |
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Accumulation is where we are at until the Fed is finished playing bad cop. It's that simple. Any ATHs or lengthy bullish moves can be forgotten about until that time comes.
if it is that simple, then it is NOT digital gold, but what, then? Its digital gold alright, but only those who look further out than the short-term can see that. In decades time everyone will see how digital gold it is. These thing take time. I'm sure 10 years after the first person who decided gold was a thing. The other 99% of the global population didn't even know about it, yet alone the importantce of its value. What's more, if the Fed is increasing the value of the dollar, which they are, the value of digital gold and real gold will go down. To expect otherwise makes no sense.
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Toxic2040
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April 25, 2022, 12:35:34 AM |
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the Sunday evening wall report *Edit* Down sharply since press time...currently trading near $39kish Bitcoin closing out the weekly candle at $39,467.40 on medium sized distribution...down another 0.56% in what has been a bearish April. Falling 15.56% on the month...and 18% on the year and 43.77% from the ATH. batten down the freakin hatches and hodl on...im sure it can get worse and it might but so what...bring it..there are no strangers to the high seas here dyor 4h D W stronghands
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Dabs
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The Concierge of Crypto
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April 25, 2022, 12:55:47 AM |
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The other 75% have brain cells and are GMI. That's definitely going to be the new craze. People will go bananas over metaverse properties. No joke. It will crash and burn eventually, of course. But we'll get to see some crazy shit in the next few years. Meanwhile, some of us are buying real property in the real world. Or is owning real property in meatspace so 2018 now? So passé? sure, people are interested, but increasingly not being able to afford RE. As i was posting before: house was 3x yearly salary in the 70ies, but 10-30X yearly salary in 2022, with 30x on the coasts. When mortgage goes to 8% (and it probably will), we might have another crisis. Either prices would have to go down or demand would plunge and people would have difficulty to move. In some ways it is already starting as everyone has 3% or below mortgages, but when they buy a new house, it is more like 5%. Real property is as real as it gets. It's a piece of something that is in one particular location. That is both it's advantage and disadvantage. It is tied to that location, that lot, that piece of property with particular boundaries. It will not move. (there are some houses that move physically, but those are more "interesting" things rather than the point of owning real estate.) If it's a unit in a building, well, that building is also not going to move. The thing is, you don't really really own it, or because you do own property, you have to pay taxes on it every year. You need to pay maintenance costs on it. Nevermind the utilities if you actually live there because you'll pay for all that too. There is a cost to owning real property in meatspace that has to be paid, otherwise you'll find yourself not owning it soon when some authority or government takes away your ownership. For some places, it can be cheap relative to the size of the property. In other cases, such as apartments or condominiums, you have to pay monthly or annual dues to the building. On top of the price of any property, on top of mortgage payments, you have to add some buffer to pay for all that other stuff to ensure you retain ownership. Most people forget this part.
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ChartBuddy
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April 25, 2022, 01:01:21 AM |
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