somac.
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June 06, 2023, 01:18:34 PM |
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I’m glad to see the price seemingly holding at $25K. The charts look like we should be dropping straight to $20K, so I think the fact that we haven’t on this latest Binance news is a good sign. I’m still not convinced we won’t see the head and shoulders pattern complete and take us to $20K, but it seems to be so far so good at the moment.
I'm surprised the Binance news even matters. If they go down it would be a good thing for BTC, I'm positive they manipulate the shit out of the price by selling fake coins, just like FTX was doing. Good to cut these turds loose but I don't think we'll be lucky enough to have Binance vanish into the wind.
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Biodom
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June 06, 2023, 01:34:07 PM Last edit: June 06, 2023, 01:47:06 PM by Biodom |
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If someone wants to check the 'source' of SEC/Coinbase: https://www.sec.gov/litigation/complaints/2023/comp-pr2023-102.pdfThe 'dirty dozen' list for Coinbase is different from Binance: SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO—(the “Crypto Asset Securities”). So, ATOM, MANA, COTI, BNB and BUSD are dropped (the last two probably because they are not on CB anyway), but CHZ, FLOW, ICP, NEAR, VGX, and DASH are added. Conclusion: make your own.
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nutildah
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June 06, 2023, 01:48:45 PM |
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DASH? Wut?
My conclusion is they don't know what in Sam Hill they're talking about, but what's new.
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ChartBuddy
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June 06, 2023, 02:03:27 PM |
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ChartBuddy
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June 06, 2023, 03:03:31 PM |
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JayJuanGee
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June 06, 2023, 03:35:23 PM Last edit: June 06, 2023, 04:21:38 PM by JayJuanGee Merited by vapourminer (1), AlcoHoDL (1) |
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Yeah.. you could be right..
At the same time, I am not really worried that you (goldkingcoiner) are not sufficiently/adequately prepared for UP (even while you are seemingly preparing for the possibility of down)...
Some of us have been in this space long enough that it is relatively clear that we have figured out a variety of ways to prepare for both up and down at the same time, no matter how cognitively dissonant that might sound to the gamblers who like to bet bigger than they should (such as 80x.... just using that as a reference).
Since you likely already realize that the lillie fiend market does not always go down on "bad news" merely because a lot of folks (even if the overwhelming majority) are speculating that it will go down.
Good point. But, I am gambling virtual profits from buying later instead of now. Sure, Bitcoin could go up. I would lose out on a bit of coin. But past history has show that during corrections, FUD has an amplifying effect on the price dip. This is just short term speculation. Worst case scenario, price goes up instead of going down. I stop limit at 1/3rd of the Binance FUD candle. Still not bad. Either way I make more coins from the FUD because the Bitcoin is undervalued by pure speculation (how long does that last?). Thats how I see it, at least... Almost always it is difficult to really know what is a "fair price" - whether we are talking bitcoin and/or other assets/currencies that we might be evaluating - even if we likely have a lot of theories in regards to which way we believe that the price of BTC versus other assets (currencies) is going to gravitate and/or which way the BTC price pressures might be pushing. Surely, after some kind of a large BTC price movement, then we might have to reassess and then figure out if we are going to want to (or need to take any actions based on such large price movements). On personal levels for longer term bitcoin HODLers, bitcoin has provided us a lot of very interesting experiences in which we probably would not have been able to have had been part of such great price appreciations in terms of various assets (including assets that are widely-held and open to everyone around the world) - even when accounting for such large corrections that have been happening in BTC over the years and along the way, too. It seems that any of us who might even be doubting Thomases in regards to bitcoin's future price possibilities, whether that is reaching another ATH or supra $100k or supra $1 million or supra $1 billion, there are still ways to adjust BTC position size in such a way that we have some skin in the game, even if we have doubts, and I am surely with you goldkingcoiner in terms of having a decent amount of confidence that bitcoin is ongoingly undervalued rather than overvalued, even though we do know that if we get large and long held price rises, then it becomes quite a bit more difficult to assert that bitcoin is overvalued (at least in the short term).. not that I am even suggesting that it would be a good idea to newbie no coiners or low coiner to be fucking around with trading BTC in terms of methods to build their stash.. and when they might get to maintenance stages of their BTC journey, then the questions of what to do, where to balance or how to allocate in or out of BTC (referring to proportions not absolutes) likely become different. By the way, in terms of the recent $1 billion price per BTC in 2038 that was proposed through a Fidelity analyst, it just seems too out of touch.. even accounting for a dollar currency fail. Many times, I figure that it is better to project forward in terms of today's dollars (even if the dollar might end up crashing and thereby changing evaluations), so the highest of the potentials that I come to in terms of today's dollars is around $50 million per BTC, which is using around a $1 quadrillion addressable market.. and even something like that seems like it could take 40-50 years or longer to play out.. and more likely a couple hundred years, but who knows? For me it does not hurt to look at some of these parameters, and it is also interesting to see some of the regular (or mainstream) scenarios to frequently erroring on the side of overly bullish scenarios, rather than some of the ones that we were seeing, even 3-6 years ago... look at your forum registration date goldkingcoiner.. you are ONLY coming upon your 6th anniversary in August.. and since I like to so much beat up anyone with DCA comparisons.. so let's go with 6 years in order that anyone can think about whether they have been able to beat or at least match the DCA approach at least in terms of percentages.. so where would we be at with $100 per week invested into bitcoin in the past 6 years? We would have invested a bit more than $31k, and we would have just over 3.25 BTC. Doesn't seem to be a bad return, and I am thinking that front loading could have been DCA.. but the problem of starting in 2017 is NOT to front-load at the top of that particular run that got up to about $19,666 in December of that year. I am getting close to my 10 year anniversary in bitcoin and even on the forum, but the DCA website does not allow more than 9 years at a time, so let's start with December 2013 and show that 9 years of buying BTC at $100 per week would have resulted in $47k invested and about 46 BTC.. a bit of an unfair advantage for the one who started earlier, even accounting for starting to invest into BTC starting at the 2013 top. .. hey.. maybe that's why I like to say that my average cost per BTC is around $1k.. it matches up quite well..and also using an average price of $1k per BTC is currently pretty easy to calculate status of profitability.. right? Right now around 26x based on current BTC prices, as I type this post. Who would ever go 80x, I wonder? No one who is anyone would ever do that. Not on purpose, anyhow. I was merely setting forth a hypothetical.
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ChartBuddy
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June 06, 2023, 04:04:52 PM |
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Gachapin
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June 06, 2023, 04:08:05 PM |
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DASH? Wut?
My conclusion is they don't know what in Sam Hill they're talking about, but what's new.
AFAIK the Dash / Xcoin scam also looks like a security.. - it was advertised as a for-profit startup on the Bitcoin dev mailing list - obvious scammy instamine of 2 million coins in one day - after the instamine the devs changed the monetary policy by lowering the coins max supply from 84M to about 19M which increased the premined coins value - 55% of new coins go into community fund and into the staking system of the masternodes (of which most are from the premine btw)
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John Abraham
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June 06, 2023, 04:22:16 PM |
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I'm surprised the Binance news even matters. If they go down it would be a good thing for BTC, I'm positive they manipulate the shit out of the price by selling fake coins, just like FTX was doing. Good to cut these turds loose but I don't think we'll be lucky enough to have Binance vanish into the wind.
You should not be surprised. The Bitcoin users (Us) should remain anonymous. But, we are the people who give the chance to Binance for doing shit. People Compromise their Privacy to them just to use their service while they are not a real P2P Platform. They have become a giant and can control the Bitcoin market if they want. If the 1K Bitcoin Movement can affect the market and it goes down by more than 10%, How much Market will it go down if Binance sells its Half Million Bitcoin? Not your keys, not your coins. Binance users won't be able to do shit if they become bankrupt. Binance becomes a Giant, and they can control the market if they want. Look at the comparison of Bitcoin Volume of the last 24 Hours. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F06%2F06%2FwyUpv.png&t=665&c=y8uUpwVU9kzUhw) 99% Trading volumes on the Centralized market. We are the people who gave them this power. You cannot deny that Binance news even matters!
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eXPHorizon
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Precision Beats Power and Timing Beats Speed.
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June 06, 2023, 04:31:50 PM |
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JayJuanGee
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June 06, 2023, 04:42:50 PM |
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OK my turn to post from Twitter SauceBinance is just a more advanced Mt Gox. Doing things they either knowingly or being deliberately blind to that at some point implode in some way (here intervention by the law). That statement sounds really dumb. Mt. Gox was one of the first widely available exchanges, and we found out some of the ways that it was defective (perhaps hacked early on) and then had a lot of withdraw issues, and was bitcoin only very much prior to wide-spread public awareness of bitcoin.. even though surely there had already been some USA Government involvement in Mt. Gox prior to its sudden shutting down in February 2014. Do you believe Binance is going to suddenly shut down? even though the SEC is petitioning for such "shut it down" relief. The sooner all these distractions are gone or are laughed at the sooner new entrants to bitcoin will be able to see nothing is properly founded incl the non gold linked usd except for bitcoin.
I cannot disagree with your point about bitcoin being the better of the assets, but your prayer for distractions being gone/laughed at seem to be a wee bit pie in the sky. It's almost like you want us to move immediately from the "then they fight you" and into the "then you win" stage, but just to make the fight quick. Making the fight quick seems to be a pretty unlikely thing.. status quo incumbents (whether referring to government institutions or banking institutions or status quo rich) perceive that they have too much to lose, no? Which mea In fact with usd no longer tied to gold bitcoin is as good if not better founded.
Fair enough, but putting such "better money" (aka king daddy) into practice seems to be another question... yes we all know that bitcoin is better.. .. less than 1% of the world's population who happen to be holding BTC... and maybe some of us hodlers are merely here in bitcoin because we just want to be hedged.. and we don't really realize that bitcoin is actually better, but we are still hedged, for NGU reasons. As for price it should not effect things in the wider sense of bitcoin being in a sort of $20to 40k wait and see period. The next big push is proably the havening though personally I think once it goes past the old ath it should be even more attractive as at that mark everyone that has ever bought bitcoin at any time for any price is in the black. That is quite remarkable and shows potential entrants that hodl has been very to owners and no reason it will not be good for them. Get the choo choos back on the track
It seems that once we get into the mid-$50ks, then we would have had entered into "no man's land," even though it remains quite difficult to pinpoint with any kind of precision where "no man's land" actually is - even though there are theories about where it "should be" I'm starting the believe that the more RnD money you lose as a Tech company, the more profitable you actually become.
Its a loss leader for sure, I agree with this point of view but its not like we havent seen this before and it can be a success if they are moving towards mainstream at all. Theres plenty of rich people out there or those who will borrow to buy something unique, make it Apple and you add a legion of fans of which Iam not one but I do understand their customer loyalty is off the charts compared to most brands. Main concern is that unique product and also to be ahead of the crowd, if they get yet another product that has a large share of a growing market then its a success. They carve out a profit later from that foothold they garner by acting now. BTC to meet 24k I think before we can judge its performance vs the 200 week average, it should rebound above but the MA itself is not support. The closing prices of last summer is where I think it should hit and bounce. I'm thinking lower 23 high 22. Will be a great buying opportunity. Good luck with that. I am not saying that I know anything.Do not overthink…..
hahahahahaha even better
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cygan
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June 06, 2023, 04:58:24 PM |
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ChartBuddy
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June 06, 2023, 05:04:54 PM |
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Gachapin
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June 06, 2023, 05:21:39 PM |
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I'm surprised the Binance news even matters. If they go down it would be a good thing for BTC, I'm positive they manipulate the shit out of the price by selling fake coins, just like FTX was doing. Good to cut these turds loose but I don't think we'll be lucky enough to have Binance vanish into the wind.
You should not be surprised. The Bitcoin users (Us) should remain anonymous. But, we are the people who give the chance to Binance for doing shit. People Compromise their Privacy to them just to use their service while they are not a real P2P Platform. They have become a giant and can control the Bitcoin market if they want. If the 1K Bitcoin Movement can affect the market and it goes down by more than 10%, How much Market will it go down if Binance sells its Half Million Bitcoin? Not your keys, not your coins. Binance users won't be able to do shit if they become bankrupt. Binance becomes a Giant, and they can control the market if they want. Look at the comparison of Bitcoin Volume of the last 24 Hours. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F06%2F06%2FwyUpv.png&t=665&c=y8uUpwVU9kzUhw) 99% Trading volumes on the Centralized market. We are the people who gave them this power. You cannot deny that Binance news even matters! many pushed Binance to where they are today but not everyone uses Binance. with all their shitcoin p&d schemes they were shady from the get-go
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d_eddie
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I’m glad to see the price seemingly holding at $25K. The charts look like we should be dropping straight to $20K, so I think the fact that we haven’t on this latest Binance news is a good sign. I’m still not convinced we won’t see the head and shoulders pattern complete and take us to $20K, but it seems to be so far so good at the moment.
I'm surprised the Binance news even matters. If they go down it would be a good thing for BTC, I'm positive they manipulate the shit out of the price by selling fake coins, just like FTX was doing. Good to cut these turds loose but I don't think we'll be lucky enough to have Binance vanish into the wind. Manipulate the price they probably do all the time, and more importantly they trade against their customers because they have full knowledge of the order book. For a fair trading ground, there need to be several reliable, fast, decentralized exchanges (DEXs).
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d_eddie
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June 06, 2023, 05:39:46 PM |
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I'm surprised the Binance news even matters. If they go down it would be a good thing for BTC, I'm positive they manipulate the shit out of the price by selling fake coins, just like FTX was doing. Good to cut these turds loose but I don't think we'll be lucky enough to have Binance vanish into the wind.
You should not be surprised. The Bitcoin users (Us) should remain anonymous. But, we are the people who give the chance to Binance for doing shit. People Compromise their Privacy to them just to use their service while they are not a real P2P Platform. They have become a giant and can control the Bitcoin market if they want. If the 1K Bitcoin Movement can affect the market and it goes down by more than 10%, How much Market will it go down if Binance sells its Half Million Bitcoin? Not your keys, not your coins. Binance users won't be able to do shit if they become bankrupt. Binance becomes a Giant, and they can control the market if they want. Look at the comparison of Bitcoin Volume of the last 24 Hours. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F06%2F06%2FwyUpv.png&t=665&c=y8uUpwVU9kzUhw) 99% Trading volumes on the Centralized market. We are the people who gave them this power. You cannot deny that Binance news even matters! Just noticed you said that before I could. Merited :-)
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yslyv
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June 06, 2023, 05:54:35 PM |
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HODL for decentralized finance! ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2F2vjNVmn%2FEkran-Resmi-2023-06-06-20-51-38.png&t=665&c=YbqnvveeOqKA_Q)
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ChartBuddy
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June 06, 2023, 06:03:30 PM |
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