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Bitcoin technical analysis

  • #7,061
  • Mar 22, 2020 7:50am Mar 22, 2020 7:50am
I know it's not THAT technical

But I try to investigate the crybabies point of view.....

I'll let u know....
Beware of robber banks (RB), bad advisors.
  • #7,062
  • Mar 22, 2020 8:04am Mar 22, 2020 8:04am
Quoting sidhujag
{quote} boring.. he only sees it from one perspective which isn't very interesting. To me its not about getting rich quick. I remember this guy promoted Syscoin as well once. It's just a pump and dump group. https://www.reddit.com/r/SysCoin/com...ing_sys_up_to/
Thank you for the information I didn't know about Teeka Tiwari.
  • #7,063
  • Mar 22, 2020 9:44am Mar 22, 2020 9:44am
I booked myself to go to crybabies meeting just now...

Let's see

I'm driving to the beach now...
Beware of robber banks (RB), bad advisors.
  • #7,064
  • Mar 22, 2020 10:22am Mar 22, 2020 10:22am
Let me tell you

Crybabies are just what I thought.

Biiiiiitcoin deeeeead

Goooooo crybabies
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Beware of robber banks (RB), bad advisors.
  • #7,065
  • Mar 22, 2020 4:05pm Mar 22, 2020 4:05pm
Bitcoin lost $387 from Saturday's close.
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  • #7,066
  • Mar 22, 2020 4:31pm Mar 22, 2020 4:31pm
Charles Munger's analysis of Bitcoin

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  • #7,067
  • Mar 22, 2020 8:18pm Mar 22, 2020 8:18pm
Quoting Hutch
Charles Munger's analysis of Bitcoin https://www.youtube.com/watch?v=hTI5Fmp5qmo
Boring.. those two are yesterday’s news. After some age your reluctant to change and won’t accept new ways to do things. As evidenced by some here, you can’t teach old dogs new tricks. I wouldn’t put too much stock in old investors that can’t bother learning or understanding new tricks. In such a new paradigm shift they really will need an economic advisor and a strong one to tell them if it’s worth investing in. I’d rather watch a video by that economist instead for a more balanced view.
  • #7,068
  • Edited Mar 23, 2020 12:37am Mar 22, 2020 10:55pm | Edited Mar 23, 2020 12:37am
Hehehe, imbecile little puppies love to do new tricks to look creative, smart and get applause from daddy. They know a lotta mumbo-jumbo but in the end they can't trick no one Crypto anti-system whiners only play smart and show off even against evidence !
That's what they do, wah, wah, eeeah, ! They can't accept defeat, but who the fck cares !
Member
  • #7,069
  • Edited Mar 23, 2020 12:49am Mar 22, 2020 11:04pm | Edited Mar 23, 2020 12:49am
Sane investors ain't stupid They don't care for the mumbo-jumbo from the crypto geeks no matter how the crypto inadaptable losers fuss and guss around

Rich don't play with their money!
Smart money are conservative and prudent.
That's why they are called SMART !!! That's why they RULE ! Because they don't play with money like kids and little puppies.

Bitcoin is and always was perceived as a risky asset no matter the crazy crypto sneaky bastards like crypto big mouth "economic advisors" ...those McAfee big mouth desperate screamers actually keep away the big money !
Only those crypto resentful losers and the small crypto wannabes dream big and believe in miracles... dream to revenge, the Payday !
Likebthe rich will lose, the boss will lose, the banks will lose, the government will fall ...and they will be kings
...and some of them will win the crypto lottery

But all that circus show doesn't make bitcoin desirable for real sane investing.
Member
  • #7,070
  • Mar 23, 2020 2:11am Mar 23, 2020 2:11am
Bitcoin is too young to make a decision as a long term investment.
It may pump and pump, but as a private currency, bitcoin has a very limited lifespan.

BItcoin has no LONG TERM place within the institutional waters of currencies.

The transfer of influence and control will not occur.
Any idea to the contrary, is typical of the hippy/anarchist mindset.
Compulsions can be hard to resist
  • #7,071
  • Mar 23, 2020 6:30am Mar 23, 2020 6:30am
Quoting trumps
Bitcoin is too young to make a decision as a long term investment. It may pump and pump, but as a private currency, bitcoin has a very limited lifespan. BItcoin has no LONG TERM place within the institutional waters of currencies. The transfer of influence and control will not occur. Any idea to the contrary, is typical of the hippy/anarchist mindset.
Bitcoin is not too young, bitcoin is tooo wrong

Crypto fanatics come to think that the purchasing power can be artificially frozen by a mathematical formula ?
Yeah, that protocol which makes sure that their computer code shit cannot be multiplied. Big deal!
Everybody knows that scarcity alone doesn't add real value. If no inherent value, it's just a temporary psychological effect, but that doesn't last for long.

Scarcity is nothing without utility.
For instance, if the doggy doo is low on supply, it will not become more valuable than any shit !

Limited supply in money doesn't have the same effect as limited supply in houses, oil or corn.
Because under any form, money doesn't have intrinsic value, they're just made up. They're just paper bids or digital bids expressing the relative value of goods and services at a certain point in time.

Crypto illiterates think like if the banana output shrinks, the banana price in bitcoin will not inflate.

Or like if war would cause a fall in the oil output, the price of oil in bitcoin will not inflate.

Or like if the population is growing and the local income per GDP is growing, and the houses remain about the same in numbers, the price of houses in bitcoin would not inflate.

Nobody can be that stupid! Bringing bullshit like the houses prices raising rate without mentioning the income rate and the economic expansion is as dumb as restless teeny brains or pawky as scheming crooks

Crypto, no future !
Member
  • #7,072
  • Mar 23, 2020 7:23am Mar 23, 2020 7:23am
Quoting sidhujag
{quote} Boring.. those two are yesterday’s news. After some age your reluctant to change and won’t accept new ways to do things. As evidenced by some here, you can’t teach old dogs new tricks. I wouldn’t put too much stock in old investors that can’t bother learning or understanding new tricks. In such a new paradigm shift they really will need an economic advisor and a strong one to tell them if it’s worth investing in. I’d rather watch a video by that economist instead for a more balanced view.
You seem to forget that these two old dogs Charlie Munger and Warren Buffet have been making money for more than 50 years by buying under valued firms that produce something. They never invested in firms or so called assets that didn't produced anything. So they don't need anyone to tell them how to invest their billions. You also forget that most economic advisors have an idea to sell to the populace and they are mostly wrong. The bottom line is that I trust the opinions of these two old dogs than the opinions of economic advisors Although I have a few Bitcoins I still think that they are worthless and will never make it in the real world
  • #7,073
  • Mar 23, 2020 8:52am Mar 23, 2020 8:52am
Which one are you???



Choice is yours
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Beware of robber banks (RB), bad advisors.
  • #7,074
  • Edited 9:44am Mar 23, 2020 9:21am | Edited 9:44am
Look, the Noxic-Koko-Pongo-Mumbo-Gumbo crypto imbeciles, the same as ever, they are like: ... crypto good, fiat bad, me Tarzan good boy, duhhh!
But they are not thinking too far, aren't they, poor illiterate imbeciles!
Member
  • #7,075
  • Mar 23, 2020 10:03am Mar 23, 2020 10:03am
Quoting Not-KPMG
Which one are you??? Choice is yours {image} {image} {image}
You are such a pathetic complainer that this is what should happen to your thread
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  • #7,076
  • Mar 23, 2020 4:12pm Mar 23, 2020 4:12pm
Bitcoin's price is up $469 or 8% from Sunday's close. I wonder if the uptrend will continue
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  • #7,077
  • Mar 23, 2020 4:24pm Mar 23, 2020 4:24pm
Quoting sidhujag
{quote} boring.. he only sees it from one perspective which isn't very interesting. To me its not about getting rich quick. I remember this guy promoted Syscoin as well once. It's just a pump and dump group. https://www.reddit.com/r/SysCoin/com...ing_sys_up_to/
I guess if the Fed is really destroying the $ it will help Bitcoin or am I wrong?

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  • #7,078
  • Mar 23, 2020 5:07pm Mar 23, 2020 5:07pm
Quoting Hutch
{quote} You seem to forget that these two old dogs Charlie Munger and Warren Buffet have been making money for more than 50 years by buying under valued firms that produce something. They never invested in firms or so called assets that didn't produced anything. So they don't need anyone to tell them how to invest their billions. You also forget that most economic advisors have an idea to sell to the populace and they are mostly wrong. The bottom line is that I trust the opinions of these two old dogs than the opinions of economic advisors ...
My point is that they are too old to get their heads to wrap around the complexities of cryptocurrencies and how that is reflective of a new economic mindset. They are traditionally looking for profits/losses, revenues, ratios to price. That does not apply to bitcoin other than, how much velocity and demand for bitcoin there is based on block reward which is only like 33% of the picture.

Great if you think they are worthless mind sending them to me because I don't

Here is a test, ask those two their idea of value in context of open-source and decentralization. Hint: you won't get a very educated answer from those two. However I assure you the world (market) sees value beyond what you might see and thus valuations may not make sense, but price is price is price and market is never wrong.
  • #7,079
  • Mar 23, 2020 5:10pm Mar 23, 2020 5:10pm
Quoting Hutch
{quote} I guess if the Fed is really destroying the $ it will help Bitcoin or am I wrong? https://www.youtube.com/watch?v=zxLO...ature=youtu.be
It will do damage to all asset classes denominating in fiat. Just as gold went down during margin call territory in 2008. Strongest assets bounce thereafter based on demand for base value in times where there is risk averse behaviour. Whatever is expected to be a good store of value will usually bounce first, and over time higher highs ensue, its never an overnight thing and never a thing that you see unfold in a short period of time, although a black swan event such as the last few weeks do help make it unravel faster.
  • #7,080
  • Mar 24, 2020 12:43am Mar 24, 2020 12:43am
Bitcoin next main point of resistance around $8000 and broken weekly TL there also for retest.
Compulsions can be hard to resist
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