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Bitcoin technical analysis

  • #5,221
  • Sep 15, 2017 3:11pm Sep 15, 2017 3:11pm
Quoting Delta1One
{quote} So many things happen. Soros broke the bank of England, and some who were shorting the Swiss some time ago woke up with a 20% gap, empty, no quote, no stop. Just a big hole. Many brokers simply went out of business that night.
So what's next?
Next is good old.... old

I drew this month's ago....
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Beware of robber banks (RB), bad advisors.
  • #5,222
  • Sep 17, 2017 1:33am Sep 17, 2017 1:33am
Quoting Not-KPMG
{quote} Next is good old.... old I drew this month's ago.... {image}
You are on track to wipe out your TE account. You don't know what you are doing.
You came here for the truth and let me unveil it for you
  • #5,223
  • Sep 17, 2017 3:51am Sep 17, 2017 3:51am
Quoting RondaRousey
{quote} You are on track to wipe out your TE account. You don't know what you are doing.
Ohhh i know what I'm doing

I live in your dreams, thoughts and fantasies

And why are u obsessed with this crazy demo??
If i show you my real accounts ( I trade NOT pound) aand they got about $1200 profit last 2 days....will you get realy excited

?
:-)
Beware of robber banks (RB), bad advisors.
  • #5,224
  • Sep 17, 2017 1:13pm Sep 17, 2017 1:13pm
When you read comments from "experts", just be aware of how it affects their business/investments :-)
More investment & use of cryptos is business away from financial institutions.

https://news.bitcoin.com/after-the-b...-buys-the-dip/

https://www.cnbc.com/2017/09/15/jpmo...id-scheme.html
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  • #5,225
  • Sep 17, 2017 1:16pm Sep 17, 2017 1:16pm
bitcoin is going back to value....reverting to mean. all bubbles sound the same and look the same.
Thanks I do this often.
  • #5,226
  • Sep 18, 2017 1:26pm Sep 18, 2017 1:26pm
anyone going to buy this before the FOMC meeting?

the FED is likely to be dovish and USD will likely be sold off

i want to do something stupid and buy 1 bitcoin lol
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Don't Worry Be Happy
  • #5,227
  • Sep 18, 2017 4:58pm Sep 18, 2017 4:58pm
Quoting RondaRousey
So no one made 500 pips or more in the last 2 weeks shorting BTC? Noobs hate you for making 100s of pips shorting bitcoin
I made ~300 pips.
My longs from 900 - 1100 are still in play.
  • #5,228
  • Sep 18, 2017 6:23pm Sep 18, 2017 6:23pm
Quoting RondaRousey
So no one made 500 pips or more in the last 2 weeks shorting BTC? Noobs hate you for making 100s of pips shorting bitcoin
I thought some noob said : whaaaaa bitcoin is bubble, whaaaaaa bitcoin is not currency????
Now someone is shorting???

And for regular folks here - yes, you can short it from $4000 to 1000 or long it from 4000 to 50000.
Guess what is safer!!!!
Beware of robber banks (RB), bad advisors.
  • #5,229
  • Sep 18, 2017 6:27pm Sep 18, 2017 6:27pm
Quoting Not-KPMG
{quote} I thought some noob said : whaaaaa bitcoin is bubble, whaaaaaa bitcoin is not currency???? Now someone is shorting??? And for regular folks here - yes, you can short it from $4000 to 1000 or long it from 4000 to 50000. Guess what is safer!!!!
im bearish still :/ bearish until a day closes above 4400. But i feel strongly..and for NO GOOD REASON...that it wont go much higher than it currently is..i think bitcoin is a dying currency that wont make it to a spot on most people's estate plans..that people are dying every day (im morbid i know) and their bitcoin is lost forever with them..and i think that 50 years from now..there will be no bitcoins..
  • #5,230
  • Sep 18, 2017 6:28pm Sep 18, 2017 6:28pm
As I had said before. If you buy all the big dips and pullbacks each time then you will make money. Every time there is a big pullback or huge drop I buy. I only buy when there is blood spilling on the streets.
  • #5,231
  • Sep 18, 2017 7:23pm Sep 18, 2017 7:23pm
Quoting Venomousssss
{quote} im bearish still :/ bearish until a day closes above 4400. But i feel strongly..and for NO GOOD REASON...that it wont go much higher than it currently is..i think bitcoin is a dying currency that wont make it to a spot on most people's estate plans..that people are dying every day (im morbid i know) and their bitcoin is lost forever with them..and i think that 50 years from now..there will be no bitcoins..
Does this mean that your timeframe of your short trade is 50 years?
  • #5,232
  • Sep 18, 2017 8:08pm Sep 18, 2017 8:08pm
Selling now could make you a clean 1900pips from current 4100 here...just what's obvious.
Trade safe and risk responsibly.
Nothing stands in the way of a person's will -THE MYSTICS
  • #5,233
  • Sep 19, 2017 10:51am Sep 19, 2017 10:51am
https://news.bitcoin.com/china-block...-transactions/

how far can it come down?
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Don't Worry Be Happy
  • #5,234
  • Sep 20, 2017 1:27am Sep 20, 2017 1:27am
went long, let's see.
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  • #5,235
  • Sep 20, 2017 6:52am Sep 20, 2017 6:52am
Quoting Not-KPMG
{quote} I thought some noob said : whaaaaa bitcoin is bubble, whaaaaaa bitcoin is not currency???? Now someone is shorting??? And for regular folks here - yes, you can short it from $4000 to 1000 or long it from 4000 to 50000. Guess what is safer!!!!
I'm guessing this is your first bubble. it's a humbling learning experience. I hope all you lose is your demo account.
Thanks I do this often.
  • #5,236
  • Sep 20, 2017 7:10am Sep 20, 2017 7:10am
Quoting charterjoe
{quote} I'm guessing this is your first bubble. it's a humbling learning experience. I hope all you lose is your demo account.
What demo??

I've put few thousand in bitcoin etc.
Yes, i could lose these.
Yet i may be millionaire next 3 years
The first steps are taken. Profits taken...

Tough choice!!!
Beware of robber banks (RB), bad advisors.
  • #5,237
  • Sep 20, 2017 8:04am Sep 20, 2017 8:04am
did anyone notice that you could clone bitcoin and give it another name, then you could market it as another crypto currency and make money? this indicates that bitcoin is not really scarce and the block chain behind it is open source
Don't Worry Be Happy
  • #5,238
  • Sep 20, 2017 9:07am Sep 20, 2017 9:07am
Quoting MrPresident
did anyone notice that you could clone bitcoin and give it another name, then you could market it as another crypto currency and make money? this indicates that bitcoin is not really scarce and the block chain behind it is open source
What logic is this???
Did you buy clothes labeled Adibas and Nyke lately?? Any good?

Same logic - GOLD is not SCARCE because you can sell Copper, Platinum, Nickel?!?!?

It's the holders/users that define the value, not some "name"!!!
Beware of robber banks (RB), bad advisors.
  • #5,239
  • Sep 20, 2017 10:29am Sep 20, 2017 10:29am
Quoting Not-KPMG
{quote} What logic is this??? Did you buy clothes labeled Adibas and Nyke lately?? Any good? Same logic - GOLD is not SCARCE because you can sell Copper, Platinum, Nickel?!?!? It's the holders/users that define the value, not some "name"!!!
You don't understand the concept behind Bitcoin and other crypto-currencies.

You also don't understand that gold can't be cloned and it is a scare resource like other precious metals or even diamonds.

Bitcoin can be cloned completely and marketed as another currency so that serfs buy it while the marketer becomes wealthy. This is why we have so many other crypto-currencies and initial coin offerings to attract gullible people like yourself.

The marketer can dump their share and the price falls while the serfs are left with a worthless investment which is what happens in classic pump/dump pyramid schemes.

Below, I will describe how this process works:

1. Create your own crypto-currency and name it after yourself
2. Mine enough of it for yourself (create 1 million coins at least)
3. Market it on facebook with ads to attract gullible people (mainly target broke people or dreamers and make sure to show an ad with a big home/laborghini to make people jealous)
4. Get it listed on an exchange and then use google ads to market it further
5. Market it on youtube and the radio station (tai lopez style of commercials with rental exotic cars and rental homes in hollywood hills)
6. Wait for a few years
7. Dump your share of coins and then profit
8. Repeat the process from step 1 using a different currency name
Don't Worry Be Happy
  • #5,240
  • Sep 20, 2017 11:44am Sep 20, 2017 11:44am
Quoting MrPresident
anyone going to buy this before the FOMC meeting? the FED is likely to be dovish and USD will likely be sold off i want to do something stupid and buy 1 bitcoin lol {image}
I saw this and have seen very very minor correlation between usd value and btc/usd. Any that I noticed was likely happenstance really.
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