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The Bitcoin (BTC) thread
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Swordfish1010 Offline
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Post: #8001
RE: The Bitcoin (BTC) thread
(05-22-2019 03:56 PM)gework Wrote:  Does anyone know if there are any reputable Bitcoin/crypto-based or deposit stock brokers?

My brokerage facility is being shut down, which means I'm close to trapped in cash and I'm looking to place some shorts soon.

I know there is one called 1Broker, but seems it's gone quiet.

***

Since this thread is where the crypto action is now. Does anyone have any tips for coins they think can do a 10X+ in the future? I moved into BTT (Bit Torrent Token), which has doubled recently. It seems like a good one to push into the top 20 and could quite easily generate a real economy. If you consider BAT. The BAT economy is maybe $100,000 / month tops and it's close to $500M. There's a bunch of coins above them, which have no economy. A real economy and a high-level team are two of the things I most like to see.

Here's my list - sorted roughly into groups of preference in terms of perceived safety and perceived parabolic potential

Tier 1:

ETH
BAT
BTT
Steem
Decentraland

Tier 2:

Presearch
SkyCoin
MYST
EOS
Sia
Enjin
KuCoin
TRON
Ripple
IOTA

Tier 3:

KNC
Storj
Civic
Propy
CPAY
Status
LBC
DigixDAO
Crypto.com
SAN
Aragon

Tier 4:

Salt
Mainframe
QASH
Singularity
district0x
Nectar
Substratum
Paragon
DeepOnion
PepeCash/Memetic
OMG
Maker
Request

My favourite tip to make big games on is Decentraland. It's going to be something like Minecraft and some of the plots in the world have already sold for in excess of $250K. The interest in it is very steady. It has a good team and it's not bounced much this year.

Shitcoins. Only bitcoin.
05-24-2019 02:14 AM
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Swordfish1010 Offline
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Post: #8002
RE: The Bitcoin (BTC) thread
(05-11-2019 10:23 PM)[email protected] Wrote:  This maximalist Bitcoin eating everything theory that is talked about online is not convincing. Greed is human nature and I just don't see this being upended in the next 3 years before the next bear market. When BTC price stabilises you'll see people throw money into alts as they've done for a decade.

In any case the market looks incredibly bullish and it's hard to deny that right now. I'm really glad I abandoned hyperwave theory. Outside of the Tone Vays retard circle all the smart people abandoned it when we saw BTC close above 5k on the weekly chart. Earlier in the thread I said 10-12k BTC before halvening but seeing 7k this early makes me think maybe ATH is possible too.

Translation: get into crypto soonish if you already haven't. You'll be up by May next year on your investment if you stick to BTC or the top alts.

Altcoins will not age well. Bitcoin is a protocol and has the most liquidity, longest running, biggest network effects, etc. You guys will figure it out eventually. Just because your shitpost has 5 likes and mine had 0, doesn't mean you are right. Time will tell.
05-24-2019 02:17 AM
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jeffreyjerpp Offline
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Post: #8003
RE: The Bitcoin (BTC) thread
(05-23-2019 11:15 PM)MrLemon Wrote:  For example will your BTT go up 10X for Bitcoin's 2X? Will your BTT go up 20X if bitcoin goes up 4x?

Or will these jump, then the investors get lured by some other coin, so they lose steam and falter? That's very hard to deal with and will distract you from the steady upward trend of the big coins.

That's my opinion.

I got caught up in the hype train in 2017, and thanks to this last upwards pump am back to being positive in crypto again.

A promise I made myself was that I would only dollar cost average into BTC from now on, that's it. No short selling, gambling on alts to pump extra, using sketchy exchanges to find leverage, etc.

And it's truly made me much happier. If/when BTC hits 100k, I will have made an absurd return on investment, without the worries or distractions of pump chasing.

Not for everyone, sure. But I think probably the safest way to move forward and enjoy the gains for most.
05-24-2019 07:15 AM
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rpg Offline
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Post: #8004
RE: The Bitcoin (BTC) thread
(05-24-2019 07:15 AM)jeffreyjerpp Wrote:  
(05-23-2019 11:15 PM)MrLemon Wrote:  For example will your BTT go up 10X for Bitcoin's 2X? Will your BTT go up 20X if bitcoin goes up 4x?

Or will these jump, then the investors get lured by some other coin, so they lose steam and falter? That's very hard to deal with and will distract you from the steady upward trend of the big coins.

That's my opinion.

I got caught up in the hype train in 2017, and thanks to this last upwards pump am back to being positive in crypto again.

A promise I made myself was that I would only dollar cost average into BTC from now on, that's it. No short selling, gambling on alts to pump extra, using sketchy exchanges to find leverage, etc.

And it's truly made me much happier. If/when BTC hits 100k, I will have made an absurd return on investment, without the worries or distractions of pump chasing.

Not for everyone, sure. But I think probably the safest way to move forward and enjoy the gains for most.
I am 100% in agreement.
05-24-2019 10:17 AM
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Swordfish1010 Offline
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Post: #8005
RE: The Bitcoin (BTC) thread
(05-24-2019 07:15 AM)jeffreyjerpp Wrote:  
(05-23-2019 11:15 PM)MrLemon Wrote:  For example will your BTT go up 10X for Bitcoin's 2X? Will your BTT go up 20X if bitcoin goes up 4x?

Or will these jump, then the investors get lured by some other coin, so they lose steam and falter? That's very hard to deal with and will distract you from the steady upward trend of the big coins.

That's my opinion.

I got caught up in the hype train in 2017, and thanks to this last upwards pump am back to being positive in crypto again.

A promise I made myself was that I would only dollar cost average into BTC from now on, that's it. No short selling, gambling on alts to pump extra, using sketchy exchanges to find leverage, etc.

And it's truly made me much happier. If/when BTC hits 100k, I will have made an absurd return on investment, without the worries or distractions of pump chasing.

Not for everyone, sure. But I think probably the safest way to move forward and enjoy the gains for most.

Stack sats on cash app. Jack is all in on bitcoin. He said adoption is inevitable.
05-24-2019 10:58 AM
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JayJuanGee Offline
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Post: #8006
RE: The Bitcoin (BTC) thread
(05-24-2019 10:17 AM)rpg Wrote:  
(05-24-2019 07:15 AM)jeffreyjerpp Wrote:  
(05-23-2019 11:15 PM)MrLemon Wrote:  For example will your BTT go up 10X for Bitcoin's 2X? Will your BTT go up 20X if bitcoin goes up 4x?

Or will these jump, then the investors get lured by some other coin, so they lose steam and falter? That's very hard to deal with and will distract you from the steady upward trend of the big coins.

That's my opinion.

I got caught up in the hype train in 2017, and thanks to this last upwards pump am back to being positive in crypto again.

A promise I made myself was that I would only dollar cost average into BTC from now on, that's it. No short selling, gambling on alts to pump extra, using sketchy exchanges to find leverage, etc.

And it's truly made me much happier. If/when BTC hits 100k, I will have made an absurd return on investment, without the worries or distractions of pump chasing.

Not for everyone, sure. But I think probably the safest way to move forward and enjoy the gains for most.
I am 100% in agreement.

Even though historically I have been quite the stickler for guys attempting to largely stay on topic in this thread in terms of attempting to make their posts related to bitcoin, rather than going on various tangents that seem to be merely pumping or dumping other cryptos or making some kind of ambiguous insinuation that bitcoin is somehow the same thing as other cryptos, I am NOT against any guy's practice to figure out ways to either earn dollars or bitcoins by investing in various other cryptos.

Personally, I think that my thoughts might have evolved in various regards, except I have never really concluded that any other crypto coin or project has any long term advantage in comparison to bitcoin, and at the same time, I have considered bitcoin as the leader of the crypto sector, so any other investment in the sector, whether ethereum, some variation of bcash, some other alt coin or various ICOs (even if they might be called something else), largely you are just adding one more layer of risk onto an investment area that is correlated to bitcoin.

In any event, when I suggest that guys consider engaging into a long term investment of bitcoin that involves dollar cost averaging, buying on dips to accumulate, holding through BTC price corrections, and taking relatively aggressive measures to establish an initial stake in bitcoin, these suggestions presume that bitcoin in the longer term bitcoin is going to at least be worth more than it is today and likely to provide a return on investment that is likely to be greater than the vast majority of traditional investments.. So in that regard, guys should be able to bank some kind of comfort that if they invest in the 1% to 10% arena of their total investments that they are not engaging in unreasonable risk.

Of course, with any other cryptos, there could be decently sufficient justification to invest to earn money, but since since some of the considerations are somewhat different in terms of figuring out the degree to which those other projects are differentiated from bitcoin or can actually add something of value, perhaps in spite of some of the increased centralization that they all have as compared with bitcoin, and surely none of them really come close to bitcoin in terms of sound money, but some of them might be attempting to build on bitcoin rather than proclaiming either they are bitcoin 2.0 or proclaiming to have some kind of futuristic niche that may or may not be actually justified in terms of either facts or logic.

So, yeah, there is both the actual financial risk, and whether that is justified to invest in other projects and there is also some of the mindshare, in terms of having to spend a decent amount of extra time and energies to figure out whether various alt coins add anything to your investment, versus just focusing on bitcoin, and bitcoin surely has enough ongoing activities and developments to keep almost any guy busy who chooses to look into bitcoin and to attempt to stay abreast of bitcoin developments - even if some of the developments happen to be watching various likely ongoing attacks and how they might be rebutted and/or accounted for in terms of bitcoins ongoing value proposition and whether bitcoin might be deviating from its sound money path - which so far, I have not seen bitcoin deviate from such sound money path - even while arguments are constantly made about various ways that bitcoin has supposedly deviated from such sound money path.
05-24-2019 11:06 AM
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JayJuanGee Offline
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RE: The Bitcoin (BTC) thread
(05-24-2019 10:58 AM)Swordfish1010 Wrote:  
(05-24-2019 07:15 AM)jeffreyjerpp Wrote:  
(05-23-2019 11:15 PM)MrLemon Wrote:  For example will your BTT go up 10X for Bitcoin's 2X? Will your BTT go up 20X if bitcoin goes up 4x?

Or will these jump, then the investors get lured by some other coin, so they lose steam and falter? That's very hard to deal with and will distract you from the steady upward trend of the big coins.

That's my opinion.

I got caught up in the hype train in 2017, and thanks to this last upwards pump am back to being positive in crypto again.

A promise I made myself was that I would only dollar cost average into BTC from now on, that's it. No short selling, gambling on alts to pump extra, using sketchy exchanges to find leverage, etc.

And it's truly made me much happier. If/when BTC hits 100k, I will have made an absurd return on investment, without the worries or distractions of pump chasing.

Not for everyone, sure. But I think probably the safest way to move forward and enjoy the gains for most.

Stack sats on cash app. Jack is all in on bitcoin. He said adoption is inevitable.

I don't disagree with you. Certainly, in recent times, Jack has shown with both words and actions that he is not getting distracted by various non-bitcoin bullshit, so there is nothing wrong with supporting people and businesses who seem to be aligning themselves in that direction on an ongoing basis. Of course, none of us should be inclined to deify any one person, group of people or institution, so in that regard, bitcoin does not require trust of any individuals; however, there is a certain kind of irony during this transitory phase in which bitcoin is becoming more and more dominant and powerful in which we cannot really transition straight to bitcoin because fiat systems still exist, a large many of us still need to interact with fiat systems in order to live (perhaps all of us?), and for some time, bridges between fiat and bitcoin are likely going to require some levels of trust - at least during what could be a decently long transition phase.
05-24-2019 11:13 AM
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Sidney Crosby Offline
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Post: #8008
RE: The Bitcoin (BTC) thread
What's up with this shit coin? AOA 171% at the moment

https://coinmarketcap.com/currencies/aurora/
05-24-2019 12:06 PM
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JayJuanGee Offline
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RE: The Bitcoin (BTC) thread
(05-24-2019 12:06 PM)Sidney Crosby Wrote:  What's up with this shit coin? AOA 171% at the moment

https://coinmarketcap.com/currencies/aurora/

It would be nice if posts about other coins would at least attempt to make some kind of meaningful connection to bitcoin rather than just asking about them, because if the question asker (SC in this case) does not even make a connection, then it becomes more difficult to even consider the post to be ontopic.

In other words, all kinds of shit coins pump for all kinds of reasons, and part of the explanation for any pumping of a shitcoin tends to be related to how illiquid they are (in other words the smallness of their market cap or how few exchanges they might be traded on). So shitcoins with small market caps can be pumped with very little capital, and they might be pumped 200% or 20,000%, and it might be difficult to know when or whether to get in because they might be able to dump just as easy or by the time any guy here finds out about them, they might have already gone through their pump cycle.

I know that some RVF guys try to get ahead of pump cycles of these various other coins, and sometimes that could be successful to the extent that they might supposedly have connections beyond the rest of the more gullible public, yet if the only connection to bitcoin is that they are either trading in bitcoin or they are trying to stack sats through such pumping and dumping, those kinds of connections to bitcoin (and this thread) come off as lame, at best.

In other words, I could give two shits about Aurora (AOA), the various supposedly good coins of various "tier levels" mentioned by gework or the various pumps/dumps of such projects until some guy can actually first describe some kind of meaningful connection to bitcoin and/or this thread.
05-24-2019 12:30 PM
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RE: The Bitcoin (BTC) thread
JJG it was around #20 on CMC at it's peak so it's not like it was #1000 and went to #500.

We are here to make money so who cares whether it with BTC or some shit coin.
05-24-2019 08:57 PM
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redbeard Online
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Post: #8011
RE: The Bitcoin (BTC) thread
This is quite literally The Bitcoin (BTC) Thread, if you'd like to talk about shitcoin gambling please create your own thread so that we can stay on topic.

"Every saint has a past, every sinner a future."
(This post was last modified: 05-24-2019 09:15 PM by redbeard.)
05-24-2019 09:15 PM
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rungoodinc Offline
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Post: #8012
RE: The Bitcoin (BTC) thread
People still buy altcoins? Thought that was 2017.
05-25-2019 06:26 PM
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GT777733 Offline
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Post: #8013
RE: The Bitcoin (BTC) thread
Extreme beginner question (that I'm sure has been asked somewhere before) ...

What's the quickest/cheapest/best/easiest way to buy crypto online?

I'm living in Australia, so I'm not sure if that's a factor.

I only need it (the cryptocurrency) to buy a few things and donate to a few people. Not looking at it as an investment at this stage.
(This post was last modified: 05-25-2019 08:05 PM by GT777733.)
05-25-2019 08:04 PM
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[email protected] Offline
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Post: #8014
RE: The Bitcoin (BTC) thread
(05-25-2019 08:04 PM)GT777733 Wrote:  Extreme beginner question (that I'm sure has been asked somewhere before) ...

What's the quickest/cheapest/best/easiest way to buy crypto online?

I'm living in Australia, so I'm not sure if that's a factor.

I only need it (the cryptocurrency) to buy a few things and donate to a few people. Not looking at it as an investment at this stage.

https://www.independentreserve.com/

https://www.btcmarkets.net/

https://www.coinjar.com/au/
05-25-2019 11:18 PM
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rpg Offline
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Post: #8015
RE: The Bitcoin (BTC) thread
Bitcoin going up and looking good. The big dogs must be feeling great watching that increase.
05-26-2019 05:46 PM
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JayJuanGee Offline
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Post: #8016
RE: The Bitcoin (BTC) thread
(05-26-2019 05:46 PM)rpg Wrote:  Bitcoin going up and looking good. The big dogs must be feeling great watching that increase.

Big dogs?

You mean the big holders of bitcoin?

There are a lot of "big dogs" who have been anticipating bitcoin to be going down, and some of them have not hedged in both price directions.

I still believe that we are experiencing some transfer of wealth, but of course it will take years to play out and for some of the "big dogs" to figure that they should have allocated more towards bitcoin - so in that regard, we still remain in decently early stages, and there does seem to be decent ongoing upwards price pressures that might cause some peeps to conclude that maybe, just maybe, they should not have proclaimed bitcoin to be dead, again.
05-27-2019 12:58 AM
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Swordfish1010 Offline
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Post: #8017
RE: The Bitcoin (BTC) thread
This guy on twitter put 1 btc into 50 different shitcoins and held from 2017 to now, he is down big. Bet he wishes he just held bitcoin.
05-27-2019 01:16 AM
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JayJuanGee Offline
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Post: #8018
RE: The Bitcoin (BTC) thread
(05-27-2019 01:16 AM)Swordfish1010 Wrote:  This guy on twitter put 1 btc into 50 different shitcoins and held from 2017 to now, he is down big. Bet he wishes he just held bitcoin.

Hahjahahahahahaha

The diversification fallacy does not play out too well, sometimes.
05-27-2019 01:26 AM
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fiasco360 Offline
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Post: #8019
RE: The Bitcoin (BTC) thread
I swear these exchanges widen their spreads then have their servers go down so you trigger your stop loss.

I'm staying away from Bitmex for a little bit as well because of liquidation triggers seem to abruptly happen despite their pricing being linked to outside exchanges.
05-27-2019 02:50 AM
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JayJuanGee Offline
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Post: #8020
RE: The Bitcoin (BTC) thread
(05-27-2019 02:50 AM)fiasco360 Wrote:  I swear these exchanges widen their spreads then have their servers go down so you trigger your stop loss.

I'm staying away from Bitmex for a little bit as well because of liquidation triggers seem to abruptly happen despite their pricing being linked to outside exchanges.

Historically, guys have been able to make a lot of money in bitcoin by just buying and accumulating, without playing with leverage. Leverage, such as that played on bitmex, tends to be a very dangerous (and in my opinion unnecessary) level of additional risk.
05-27-2019 03:01 AM
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JayJuanGee Offline
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Post: #8021
RE: The Bitcoin (BTC) thread
Here's more bullish discussion of bitcoin's stock to flow ratio with predictions of BTC prices in the $100k range by 2020.

Not John McAfee dick eating prevention levels, but still should be NO reason to complain for us normies who are not wagering our dicks on higher BTC bullishness levels.

https://www.newsbtc.com/2019/05/25/could...-says-aye/
05-27-2019 02:24 PM
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Post: #8022
RE: The Bitcoin (BTC) thread
Here's a 10 minute video interview with Adam Back, with a WK (would kiss) chick, Layah Heilpern on bloxlive.tv


hahahaahaha


https://www.bloxlive.tv/stories/s73news/...algorithms
05-27-2019 08:09 PM
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Nolimitz Offline
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RE: The Bitcoin (BTC) thread
https://www.tradingview.com/u/MagicPoopCannon/

Here's a link to a trader's blog on btc/crypto. Interesting stuff. This trader believes we are currently in a bear rally. Calling for a price of 3k in October on the grounds that bitcoin is "linear". Also writes that the next bull run will see a ATH of 150k per.btc.Of course no one knows. Curious your guys' thoughts.
05-30-2019 01:31 AM
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RE: The Bitcoin (BTC) thread
(05-30-2019 01:31 AM)Nolimitz Wrote:  https://www.tradingview.com/u/MagicPoopCannon/

Here's a link to a trader's blog on btc/crypto. Interesting stuff. This trader believes we are currently in a bear rally. Calling for a price of 3k in October on the grounds that bitcoin is "linear". Also writes that the next bull run will see a ATH of 150k per.btc.Of course no one knows. Curious your guys' thoughts.

The guy isn't as dumb as his name sounds. His entire argument is NVT flashing red + maxed out Money Flow Index reading = average 85% drop in price.

Based on all the evidence to the contrary, I don't think that's going to happen. Price will drop down but continue to make higher highs, not lower lows that culminate in something resembling a 85% drop. If price dropped anymore than 40% or broke through the 200 weekly average I might consider subscribing to his theories but until that happens I will just ignore him.
05-30-2019 03:07 AM
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JayJuanGee Offline
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Post: #8025
RE: The Bitcoin (BTC) thread
(05-30-2019 03:07 AM)[email protected] Wrote:  
(05-30-2019 01:31 AM)Nolimitz Wrote:  https://www.tradingview.com/u/MagicPoopCannon/

Here's a link to a trader's blog on btc/crypto. Interesting stuff. This trader believes we are currently in a bear rally. Calling for a price of 3k in October on the grounds that bitcoin is "linear". Also writes that the next bull run will see a ATH of 150k per.btc.Of course no one knows. Curious your guys' thoughts.

The guy isn't as dumb as his name sounds. His entire argument is NVT flashing red + maxed out Money Flow Index reading = average 85% drop in price.

Based on all the evidence to the contrary, I don't think that's going to happen. Price will drop down but continue to make higher highs, not lower lows that culminate in something resembling a 85% drop. If price dropped anymore than 40% or broke through the 200 weekly average I might consider subscribing to his theories but until that happens I will just ignore him.

As many guys likely realize, I tend to be skeptical of proclamations of bitcoin sorcery status, and MagicPoopCannon (the linked source of the above charts) does seem to allow for some flexibility in his price assertions, so in that regard, there does seem to be some room for conversation.

Also, I understand that the consideration of varying time-frames could change whether a guy frames bitcoin as being in a bull market or a bear market, so if we were to consider the complete history of bitcoin, then in those circumstances, the evidence would seem fairly convincing that bitcoin is in an overall bull market with ongoing increasing adoption that is also likely to continue for a decent amount of time into the future.

I remain o.k. with attempting to label bull and bear markets based on shorter trends, such as trends of 1 year to 3 years, which seems to allow for attempting to predict significant upwards spikes and corrections.

Since 2010, bitcoin has had about 5 upwards price spikes, and maybe it's not fair to label periods prior to 2013, because 2013 was a kind of beginning to increased liquidity and opening of a decent number of bitcoin markets.

This guy, MagicPoopCannon, seems to be arguing that currently BTC remains in a kind of bear market - which would presume that the downward trend from $19,666 in December 2017 is continuing, and the current BTC price action seems to suggest that bitcoin is no longer in that beartrend, and somewhere after BTC's April 1 break above $4,200 without significantly breaking back down, bitcoin seems to come out of the correction and reversed courses into a kind of new bull trend.

In other words, like burner seems to be suggesting, we are going to need to experience a decent amount of breach of a variety of BTC price supports in order to return to such bear trend... the trend is your friend, and currently, that trend seems to be bullish, rather than a fakeout as MagicPoopCannon seems to be arguing.

Don't get me wrong, I am not exactly excited about the ongoing froth that seems to continue in the broader crypto space with a large number of altcoins that seem to be decently pumping in recent times, too. Previously, I had argued that I thought that chances were pretty high that altcoins would be coming along with the next BTC exponential growth period, even though I believe that it would also be healthy to purge a decent number of the altcoins.. because a vast majority are either scams or at least lacking in substantial contribution to justify their price(s).

So, there just might not be enough current market willpower to purge the shit out of the system, and those of us investing in the space are going to just need to figure out how we are going to play our position(s) in light of such ongoing confusing market dynamics.

Accumulating BTC here, dollar cost averaging and buying BTC on dips seem to be good and prudent ongoing strategies, even if BTC ends up with another large price correction. From my perspective, the next year or two in bitcoin are likely to experience more UP than DOWN, so even though there are no guarantees, even guys with a short time horizon of 2 years seem likely to do well in bitcoin, even though if you can do it, from my perspective, it is likely better to attempt to strategize your investments (including BTC) with 5-10 year timelines in mind (even though it is understandable if some guys might have personal circumstances that compel them to focus on shorter time periods).
05-30-2019 10:04 AM
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