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Bitcoin technical analysis

  • #8,221
  • Dec 16, 2020 8:48am Dec 16, 2020 8:48am
Whoooop, whooop, ...Gangaaa!....
Bitcoin is sort of a gangnam style for wannabes!...
$500,000 is here, buy, buy, buuuuy !
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  • #8,222
  • Dec 16, 2020 9:07am Dec 16, 2020 9:07am
I got 1 bitcoin, I'll buy a house at 1 million a piece ....soooon! Weeeeee!
If tulip bulbs could make it, I can make it !!
All wannabes can make it this time, just buy, buy, buy more !!!

Make me rich, blessed father !

Gangnaaaaa!
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  • #8,223
  • Dec 16, 2020 1:02pm Dec 16, 2020 1:02pm
Quoting TudorIoan
{quote} This is the most stupid thing about bitcoin ever! Not even the bitcoin real experts don't support this nonsense either! ...except speculators and crooks They accept it can beat gold but not money Today, there are roughly 370 billion purchase digital transactions for goods and services worldwide DAILY. Imagine that in bitcoin! As miners have to compete, the amount of all energy wasted globally per block is around ~740kW. One single fkn...
You need to tell that to NKPMG after he will be back when bitcoin hits $25,000
  • #8,224
  • Dec 16, 2020 4:29pm Dec 16, 2020 4:29pm
The bull was running hard as Bitcoin went up $1,860 or 9.6% today.
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  • #8,225
  • Dec 16, 2020 11:09pm Dec 16, 2020 11:09pm
Quoting TudorIoan
I got 1 bitcoin, I'll buy a house at 1 million a piece ....soooon! Weeeeee! If tulip bulbs could make it, I can make it !! All wannabes can make it this time, just buy, buy, buy more !!! Make me rich, blessed father ! Gangnaaaaa! {image}
Hey, are we still on last years april fools day pump? I guess so btw if you want to learn about the big picture check this out ( I don't agree that bitcoin doesn't need to scale for average users, but the rest is bang on ), you should use his logic to refute why you think fiat cannot be replaced because Gresham's law is certainly in effect with fiat being replaced as we speak:
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  • #8,226
  • Edited 1:29am Dec 17, 2020 12:30am | Edited 1:29am
Quoting sidhujag
{quote} Hey, are we still on last years april fools day pump? I guess so btw if you want to learn about the big picture check this out ( I don't agree that bitcoin doesn't need to scale for average users, but the rest is bang on ), you should use his logic to refute why you think fiat cannot be replaced because Gresham's law is certainly in effect with fiat being replaced as we speak: https://youtu.be/Zbm772vF-5M
Quoting TudorIoan
{quote} This is the most stupid thing about bitcoin ever! Not even the bitcoin real experts don't support this nonsense either! ...except speculators and crooks They accept it can beat gold but not money Today, there are roughly 370 billion purchase digital transactions for goods and services worldwide DAILY. Imagine that in bitcoin! As miners have to compete, the amount of all energy wasted globally per block is around ~740kW. One single fkn transaction waste globally 740 kW. If 370bn transations/day, what is that per day in terms of energy ? ...two suns' energy ? Ok, call me when they will work that fission out ! So the crypto fanatics came up wittha "scaling solutions" : - Lighting Network is a vulnerable shitty interface and is violating crypto's philosophy. I'd rather trust a bank ...a bank is less centralized and more secure than LN - Visa, Mastercard, WUnion, Paypal,... type of interface for bitcoin blockchain is vulnerable and is violating crypto's philosophy, I'd rather trust a bank ...a bank is less centralized than any exchange network. - To minimize distress generated by the expensive proof of work, many crypto coins and platforms used as interface such as any other trash on proof of stake contracts are not better than digital fiat CDBC overall ...I'd rather trust a bank ...a digital bank is faster, less centralized and more reliable than the proof of stake bullshit. Bitcoin can't replace all fiat by design !
Agree, I don't agree that bitcoin doesn't need to scale for average users either.

Sure it does, more than ever !
The higher it goes the harder will fall !
This is actually a confirmation of what I've said ....The Fools Day is every day for this piece of trash !

Skyrocketing like $3000 per day ? ...+15% per day ???
This is rather risk accumulation and actually a bad advertising for an asset that people are supposed to trust in

Don't give me that crap about the better money ...Bitcoin has never been money, it is not money , and never will be
even if Japanese "robot dolls" are using it with promotional fees

What ?
This planet will waste electricity for 55,000,000,000,000,000 dollars every day just to buy coffee and grocery stuff ???
Transactions real cost !!
What money ???

Just singin', whooop, whooop, gangaaa, whooop, whooop!...
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  • #8,227
  • Dec 17, 2020 1:53am Dec 17, 2020 1:53am
#btc $btc #bitcoin $bitcoin #btcusd $btcusd #Crypto #cryptocurrency down
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  • #8,228
  • Dec 17, 2020 3:16am Dec 17, 2020 3:16am
#btc $btc #bitcoin $bitcoin #btcusd $btcusd #Crypto #cryptocurrency down
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  • #8,229
  • Dec 17, 2020 3:25am Dec 17, 2020 3:25am
All bullshit ...SP500 all time high !

They all just absorb Fed's moneydumb private hedge funds greedy bastards
...let's see after covid crisis, who will be still standing ?

After every crisis bitcoin collapsed ...let's wait and see it this time !
Inflation, yeah, yeah, alright, but bitcoin's safe-heaven narrative has been thrown out of the window for so many times in the past and this trash lamentably collapsed
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  • #8,230
  • Dec 17, 2020 4:19am Dec 17, 2020 4:19am
Quoting Hutch
{quote} You need to tell that to NKPMG after he will be back when bitcoin hits $25,000
I don't communicate with disgusting pimps.
I use to kick their ass in the street or call the police when I see one

I bet if you lunatics had lived in the time of tulipmania, you would certainly have claimed that tulip bulbs would replace all the money
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  • #8,231
  • Dec 17, 2020 9:50am Dec 17, 2020 9:50am
Im a buyer at 10K now (was 5K before) lol

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  • #8,232
  • Dec 17, 2020 9:56am Dec 17, 2020 9:56am
Quoting EAforextrade
Im a buyer at 10K now (was 5K before) lol {image}
Me too. Sell at 25? 30?
BTW, your Williams shows overbought
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  • #8,233
  • Dec 17, 2020 11:03am Dec 17, 2020 11:03am
Quoting TudorIoan
{quote} {quote} Agree, I don't agree that bitcoin doesn't need to scale for average users either. Sure it does, more than ever ! The higher it goes the harder will fall ! This is actually a confirmation of what I've said ....The Fools Day is every day for this piece of trash ! Skyrocketing like $3000 per day ? ...+15% per day ??? This is rather risk accumulation and actually a bad advertising for an asset that people...
did you watch the video even or just spout nonsense with no logic?
  • #8,234
  • Dec 17, 2020 11:49am Dec 17, 2020 11:49am
Quoting sidhujag
{quote} did you watch the video even or just spout nonsense with no logic?
I have my sources. And I assure you my logic is fine. You talk form the position like you hold the whole truth and your favorite vids are corenerstones. What's the matter with you, you tend to become square indoctrinated like that NK crypto monkey ?
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  • #8,235
  • Dec 17, 2020 12:00pm Dec 17, 2020 12:00pm
#btc $btc #bitcoin $bitcoin #btcusd $btcusd #Crypto #cryptocurrency down
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  • #8,236
  • Dec 17, 2020 12:25pm Dec 17, 2020 12:25pm
Even if this crypto trash will go tomorrow straight to 100K and remain there unmoved for 12 months, that in particular doesn't mean it really worth something.

For instance, a tulip worth a couple of bucks, not a house
But tulip bulbs sold for 10,000 guilders once.
After tulips became so expensive that the cost of a single bulb exceeded that of an average home, the price collapsed, and many investors went bankrupt

Grow up, you teeny crypto little fucks !
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  • #8,237
  • Dec 17, 2020 4:24pm Dec 17, 2020 4:24pm
Bitcoin went up $1,575 today but at one point it was over $23,789 before dropping. Is this a holiday gift or a pump?
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  • #8,238
  • Dec 17, 2020 6:25pm Dec 17, 2020 6:25pm
Quoting TudorIoan
{quote} I have my sources. And I assure you my logic is fine. You talk form the position like you hold the whole truth and your favourite vids are corenerstones. What's the matter with you, you tend to become square indoctrinated like that NK crypto monkey ?
You cannot even spell so either you are illiterate or you are typing too fast on your phone. You should take a deep breath and speak to your sources. They are illiterate like you I assure you. It is very simple. Here is my tweet that sums up the two camps I know which one you are on, and clearly we know who is winning: https://twitter.com/realSidhuJag/sta...05457225580544

Tulip mania did not adopt like an S curve, if crypto was tulips it would have had its rise and been done with under collapsed pressure of no utility. However with crypto unlike tulips there is inherent utility in the technology and thus it justifies real growth and opportunity to increase GDP, unlike fiat and rate targeting which is limiting growth and now is an obvious bottleneck. If you cannot see that, I really feel sorry for you. I am not trying to have you second guess your life decisions but maybe you should really smell the coffee here and look objectively (don't look at charts that you got wrong) but think about the technology, economics, implications and the trends that businesses are participating in now (THIS is the market, and nothing you will say or think will change the market, the government nor the participants have the ability to change direction of market). What you are trying to do is gamblers fallacy you are trying to assume something because you feel you are correct and the market is wrong. This is a good path to ruin, personally and professionally.
  • #8,239
  • Dec 18, 2020 2:12am Dec 18, 2020 2:12am
Quoting sidhujag
You cannot even spell so either you are illiterate or you are typing too fast on your phone
Hey, you really think that if you mess with my spelling you'llook smarter and you will get validated with your boring nonsense about your crypto shitcoin ?
Are you just another stupid kid or what ?
I've offered you a compliment acknowledging that you don't promote the same kind of dumbotic crypto indoctrination as that NK sick bastard
.... and now you attack my spelling, my life, my view ?
Tell yo just what, buddy, my spelling is great for a Balkan guy
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  • #8,240
  • Dec 18, 2020 2:15am Dec 18, 2020 2:15am
Quoting sidhujag
You should take a deep breath and speak to your sources. They are illiterate like you I assure
you.
Really?
In your superior attitude you assure me that my sources are illiterates? Let me bring some illiterate sources of mine:

Warren Buffett,
Jamie Dimon,
Mohamed A. El-Erian,
Nouriel Roubini,
Bill Harris,
Joseph Stiglitz,
Kenneth Rogoff,
James Heckman,
Oliver Hart,
Thomas Sargent,
Angus Deaton,
Paul Krugman,
Charles R. Walgreen,
Eugene Fama,
Bengt Holmström,
Richard Thaler...

All illiterates
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