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Bitcoin technical analysis

  • #6,981
  • Mar 16, 2020 9:22am Mar 16, 2020 9:22am
Quoting TudorIoan
{quote} Why would it like it there now after such a violent crash ? People don't care if bitcoin is jesus christ superstar at the second coming ! Traders don't care if btc is the "perfect money" ! The Fed just cut rates to zero and entered into QE again. Bitcoin was built for this moment !! But bitcoin failed miserabily !! Market has spoken, bitcoin is worthless from investing perspective ! ... Crypto obsessed sick imbeciles can struggle,...
bitcoin is traded against fiat the same fiat that has traders scrambling to cover margins so they sell irrationally their best performing assets first. You were explained this earlier but didn’t register as usual. Now once dust settles we will see what safe haven status is.. remember gold went down same way in 2008 before exploding u have short selective memory
  • #6,982
  • Mar 16, 2020 11:01am Mar 16, 2020 11:01am
Quoting TudorIoan
Hidden
Use logic please, there’s no use for behaviour like this from a grown Adult or are you a child?
  • #6,983
  • Mar 16, 2020 12:25pm Mar 16, 2020 12:25pm
Quoting sidhujag
{quote} Use logic please, there’s no use for behaviour like this from a grown Adult or are you a child?
Nope. You lack minimal logic. Bitcoin has just been proven worthless from investing perspective and you just keep trolling around. That's all.
Member
  • #6,984
  • Mar 16, 2020 12:37pm Mar 16, 2020 12:37pm
Quoting TudorIoan
{quote} Nope. You lack minimal logic. Bitcoin is proved worthless from investing perspective and you just keep trolling around. That's all.
thats not logic, you are making claims without any backing. I can also say that the whole idea of inflation to counter issues doesn't work because stock market is down today after printing $700b of worthless paper into existance. So therefor it "doesn't work".. hows that sound?

In actuality, because the printing press exists, these viruses *may have* been man-made, chinese market is the only one which is up 0.3% all others down double digits. There were multiple reports of Canadian scientists in wuhab infectious disease lab which was deported canadian lab, and also the structure of the virus does not look organic. I would say there is incentive under free market captialism to take advantage of the printing press because the market knows that if push comes to shove there will be more paper available. Like I said, market always tests interventionists and will always tend to punish and ensure that intervention is counter to what you think happens, its false sense of security. We have seen this movie play out on smaller scales with BOJ/SNB interventions of different types. That is logic. Making useless statements like it "proved" worthless because it went "down" is conjecture based on short-term as well as confirmation bias from your april fools blunder of last year im sure you lost your shirt on that one.
  • #6,985
  • Mar 16, 2020 12:45pm Mar 16, 2020 12:45pm
Quoting sidhujag
{quote} thats not logic, you are making claims without any backing. I can also say that the whole idea of inflation to counter issues doesn't work because stock market is down today after printing $700b of worthless paper into existance. So therefor it "doesn't work".. hows that sound? In actuality, because the printing press exists, these viruses *may have* been man-made, chinese market is the only one which is up 0.3% all others down double digits. There were multiple reports of Canadian scientists in wuhab infectious disease lab which was deported...
See, you just proved what I said. Nobody cares for your savant mumbo-jumbo, market has its own way.
Only imbeciles fight against market.
Investors don't trust scientists because the most of scientists are stupid geeks, starving wankers who try to trick the big money to make a living out of their fantasies.
Member
  • #6,986
  • Mar 16, 2020 12:53pm Mar 16, 2020 12:53pm
I told you A YEAR AGO, it was just a Fools Day... fake pump ...and now the dump.... back where it started.
Believe me, nobody listen to your crypto mumbo-jumbo, it's only the price who pays the traders and the investors.
Member
  • #6,987
  • Mar 16, 2020 12:57pm Mar 16, 2020 12:57pm
You just waste your time trolling a technical analysis thread just to look important and to avenge against people who have other views.
Member
  • #6,988
  • Edited 3:08pm Mar 16, 2020 1:01pm | Edited 3:08pm
You just play the hard ass looking for some comfort when you're down, your business must be close to bankruptcy because the crypto crash... You realise nobody take you seriously but you keep going on with your bullshit because your crypto business perspective obviously suck !
Member
  • #6,989
  • Mar 16, 2020 1:38pm Mar 16, 2020 1:38pm
Just flown out the window. Who cares why?
Investors get paid only by the PRICE GROWTH !
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  • #6,990
  • Mar 16, 2020 4:03pm Mar 16, 2020 4:03pm
Quoting TudorIoan
{quote} Why don't you stick on you filthy miserable thread and stop bringing your shit here, you crypto fanfaron ! You just got fucked up by this bitcoin crash and you hater try to get some comfort and slander on others pretending you will recover your loss in a million years ? How stupid and pathetic is that ?!? {quote} Daddy government can make it all up to you ...in a free trade economy. Do you think your bit-sys-coin can ? I don't. But relax, nobody will steal your dream or your business... I...
I haven't heard the word fanfaron in a long time but it's quite accurate in this case
  • #6,991
  • Mar 16, 2020 4:09pm Mar 16, 2020 4:09pm
Last night it went up 8% but the balloon lost a lot of air to close $566 or 10% from Friday's close. Anyone want to buy my Bitcoin?
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  • #6,992
  • Mar 16, 2020 5:52pm Mar 16, 2020 5:52pm
Yep.

Only we need...
...
.. Patience
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Beware of robber banks (RB), bad advisors.
  • #6,993
  • Mar 16, 2020 8:38pm Mar 16, 2020 8:38pm
Nothing has changed it’s still the ultimate safe haven due to moe uoa and sov all in one plus more. This troll doesn’t realize that trends like these take years if not decades to play out. Those that are smart enough understand when I say you cut your losses short and winners run. This is a babe Ruth out of the park home run and once in a generation equity preserving and creation position to be in. Those that cannot see forest from trees will only complain on daily noise but they forget why they into the world to try to make it a better place. We finally solved the generals problem and these people won’t know if it slaps them on the face. These geeky terms are translating to a new economic paradaigm shift because we have built up this knowledge over many revolutions to a point where it’s all boiling down to how we perceive value and what money really means. Perhaps some lessons on history indeed need to be taken by some people here. Also note that history won’t repeat but will rhyme so the same thinking of yesterday won’t allow you to create value tomorrow.
  • #6,994
  • Mar 16, 2020 8:57pm Mar 16, 2020 8:57pm
My stance is government should not be allowed to touch money supply. This would fix everything.

first no incentive to create the virus (all things point to it being an economic biological warfare tool), and even if it’s natural you must let businesses and people ride it out by helping to stop the spread instead of patching by artificially crediting banks who will put some under their bed.

second since they can and do touch the lever liberally at any hint of negative it sets dangerous expectations that the world is too big to fail and now we must climb infinitely or we bust and goto zero. There is no other way logically. We stop going up and market will punish the fed by forcing them to print until it is happy, rinse and repeat while the segregation between wealth keeps widening due to the inefficiencies and corruption in the system as a result of centralized bottlenecks.

third the historians would have a field day with what’s happening. Bring back a few geniuses and what was left will turn right and what was right will turn left. New information exists now that never existed before and we are in unprecedented position because we chose a path and went all in.

that brings me to the point that satoshi alluded to in the white paper that either bitcoin becomes worth something and a lot of something or it goes to 0. So I think it’s worth something and not 0, it’s 0 or 1 and cannot be in between by definition just as rate targeting takes us on a path of 0 or 1 binary outcomes. The path is 1 until it becomes 0 because of centralization causing wack expectations forcing the hand in a chess game which will cause check mate. So now we may or may not be in checkmate mode, they had about 2 weeks to think about a bailout and did it. Tell me any academic or innovation that changes the world for the better from inception to real world utility in 2 weeks? There is none. The move was abrupt and not a chess move but more one of check mate because there are really no other moves left. They will print ad naseum until it gets better and market will force them to do so as we witnessed with today’s sell off.

so bitcoin and current system aren’t that much different other than technically it’s a better solution which aligns incentives of a proper capitalistic structure in society which would more efficiently create gdp
  • #6,995
  • Edited 1:55am Mar 17, 2020 1:37am | Edited 1:55am
Quoting sidhujag
My stance is government should not be allowed to touch money supply. This would fix everything.
Dude, you keep running in circles here just to troll around !
Told you, that's classical liberalism, Austrian school of economics and laissez-faire. You genius, your brilliant "stance" follows a school of thought founded many decades ago, you can be proud

Austrian economics differs from Keynesian economics in the basic approach to solving economic problems.
Austrians believe that nature should be allowed to run its course and the lesser the "malicious" government interferes in free markets, the better it is.

And true, if crypto tool would work out and clear out its fundamental shitty trilemma, that would be the perfect financial environment to apply classical economical model.

But history has already tested that classical model with bad results for the workers, and the poor !!
That's why we have this Keynesian economics.

As you all know... the Keynesian economics' "stance" in simple terms is considering aggregate idicators such as total spending in the economy and its effects on output and inflation. They advocate for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of the depression... faster than the natural eqilibrium would be achieved anyway ...minimizing the social prolonged pain.

My "stance" is that a reasonable economic thought should credit both theories ...but maybe in different particular circumstances.

However, if the academics still fight on that, I don't think we will sort this things out here for the human kind and for the fucking eternity

And I don't think the Forex Factory forum really appreciate this sort of sterile conversations from trading perspective
Member
  • #6,996
  • Mar 17, 2020 2:03am Mar 17, 2020 2:03am
Quoting sidhujag
My stance is government should not be allowed to touch money supply. This would fix everything.
Quoting Not-KPMG
Yep. Only we need is ...a 1000 years Patience
So you trolls better fuck off if you are unable to show some levels here, okay !
Member
  • #6,997
  • Mar 17, 2020 2:30am Mar 17, 2020 2:30am
Quoting Hutch
{quote} I haven't heard the word fanfaron in a long time but it's quite accurate in this case
Yeah, fanfaron is Romanian and French for braggart, windbag, swaggerer, coxcomb...
Member
  • #6,998
  • Edited 3:55am Mar 17, 2020 3:20am | Edited 3:55am
Bitcoin is triple fucked !!!
The upcoming halving coupled with the crash in price means miners will have to turn off around 70-80% of their mining equipment - or die crumbling under electricity bills

Quoting Hutch
Last night it went up 8% but the balloon lost a lot of air to close $566 or 10% from Friday's close. Anyone want to buy my Bitcoin? {image}
Hi, Hutch ! Crypto big sharks added +$14B in the last 24 hours, BAM just like that ...crooks changing hands
Noh, noh, no, no, not investors, it's crypto business manipulators
_____
Anyhow, if this mofo will climb back up it's not because is some safe shit, but because saving the miners and pushing in big money, the crypto whales would save their own asses
...if the investors would have called any safe shit, bitcoin should have been hold out when all that gold, equities, yen and stuff fell... but it ain't

Resistance area, 5,500 - 6,000 ...miners still fkd up !
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  • #6,999
  • Mar 17, 2020 9:31am Mar 17, 2020 9:31am
Quoting TudorIoan
{quote} Dude, you keep running in circles here just to troll around ! Told you, that's classical liberalism, Austrian school of economics and laissez-faire. You genius, your brilliant "stance" follows a school of thought founded many decades ago, you can be proud Austrian economics differs from Keynesian economics in the basic approach to solving economic problems. Austrians believe that nature should be allowed to run its course and the lesser the "malicious" government interferes in free markets, the better it is. And true, if crypto...
in a perfect world sure where there is no corruption and no globalization. Read what I said again. The previous guys who came up with those templates stances would change their mind based on new information. The new info being many things from globalization to the level of corruption leading to check mate scenarios. We have no choice but to not intervene if we want to prosper as a society from this point on.

i have been correcting you as you shout out random nonsense and giving context was the only way for readers to appreciate what and why rather than take your gibberish to heart and believe in what your spouting off
  • #7,000
  • Mar 17, 2020 4:10pm Mar 17, 2020 4:10pm
With a gain of $559 today Bitcoin recovered the loss of yesterday. We can only wonder if this will continue.
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