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Bitcoin technical analysis

  • #7,041
  • Edited 3:29am Mar 20, 2020 3:16am | Edited 3:29am
Quoting Hutch
{quote} {quote} Both of you got me wrong. I was talking about digital currencies the kind that are derived from existing fiat currencies. I firmly believe that no government will ever allow any so called crypto currencies to replace their own currencies because they wouldn't have any control over those and we all know how governments love to control the population through their currencies. I'm convinced that one day all bank notes will disappear and be replaced by digital currencies but they will not be of the crypto kind. I love the expression...
What "control the population through their currencies" are you talking about?
"Interventionism" is meant to adjust the inherent extremities of those peaks and troughs of a free market !
It's supposed to help, ...even if they tease the paranoic conspirationists, laissez-faire fanatics, crypto geeks...
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  • #7,042
  • Mar 20, 2020 4:26am Mar 20, 2020 4:26am
Bitcoin 6600 Green
Nice.

I'll mark bitcoin as "not dead yet"

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Beware of robber banks (RB), bad advisors.
  • #7,043
  • Mar 20, 2020 4:29am Mar 20, 2020 4:29am
The monkeys picture was good

But the Monkeys Zoo complained that I compared monkeys to crybabies
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Beware of robber banks (RB), bad advisors.
  • #7,044
  • Mar 20, 2020 4:30am Mar 20, 2020 4:30am
Quoting Not-KPMG
Bitcoin 6600 Green I'll mark bitcoin as "not dead yet" clap with me crypto penguines, duhhh ! {image} {image}
You can see 20K in 5 minutes, moron !
That doesn't change the crypto trilemma.
Bitcoin virtually dead
The rest is only mumbo-jumbo from you, the crypto monkeys
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  • #7,045
  • Mar 20, 2020 4:54am Mar 20, 2020 4:54am
Quoting TudorIoan
{quote} What "control the population through their currencies" are you talking about? "Interventionism" is meant to adjust the inherent extremities of those peaks and troughs of a free market ! It's supposed to help, ...even if they tease the paranoic conspirationists, laissez-faire fanatics, crypto geeks... {image}
I wasn't at all talking about interventionism. So you don't believe that governments control people through currencies When FDR confiscated gold from citizens in 1933 that wasn't using currency to control people. When it's illegal to take out over $10,000 in bank notes from the US outside the country without permission from the government it isn't using currency to control people. When you have to prove to the IRS that the money you have in the bank is legally yours it isn't using currency to control people. When it's illegal to take Yuan bank notes and gold outside China it isn't using currency to control people. When you have to request the permission from Cyprus to take gold outside the country it isn't using currency to control people. By the way people also have to report to the Cyprus government when bringing the equivalent of over €10,000 in bank notes from other countries. These were examples of governments controlling people through currencies.
  • #7,046
  • Edited 6:09am Mar 20, 2020 5:14am | Edited 6:09am
Quoting Hutch
{quote} I wasn't at all talking about interventionism. So you don't believe that governments control people through currencies When FDR confiscated gold from citizens in 1933 that wasn't using currency to control people. When it's illegal to take out over $10,000 in bank notes from the US outside the country without permission from the government it isn't using currency to control people. When you have to prove to the IRS that the money you have in the bank is legally yours it isn't using currency to control people. When it's illegal to...
This is not controlling people !
Did you even bother to search and understand why they take such measures ?
Forget it, you're just a common tax evader, you wouldn't understand it anyway
Why do we have to go through this a million times, Hutch ?
1. This is not 1933 !
2. If a national economy hurts, then everybody hurts, not only the banks and the government ! And the people have benefited from a way to recover their money after that seize...
3. You made your fortune in the US but you don't want to pay your debts to the US. You just moveeda way, smart ...see, they can't control you You must be Chinese
You should buy bitcoin... what if a global depression and Cyprus and China will seize your money, or whatever you own? Bitcoin is the future of preserving wealth ...and tax evasion !
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  • #7,047
  • Mar 20, 2020 6:44am Mar 20, 2020 6:44am
My latest analysis update:
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Technical Analyst & Trader @ Vikinsa
  • #7,048
  • Mar 20, 2020 7:58am Mar 20, 2020 7:58am
Quoting TudorIoan
{quote} This is not controlling people ! Did you even bother to search and understand why they take such measures ? Forget it, you're just a common tax evader, you wouldn't understand it anyway Why do we have to go through this a million times, Hutch ? 1. This is not 1933 ! 2. If a national economy hurts, then everybody hurts, not only the banks and the government ! And the people have benefited from a way to recover their money after that seize... 3. You made your fortune in the US but you don't want to pay your debts to the US. You just...
Instead of plainly state that they use money to control people stupid governments always state that this is to fight crime, fight terrorism, fight money laundering, prevent assets from leaving their countries or fight tax evasion. 20 years ago people from drug cartels could take millions of $ to banks in duffle bags with no question asked. Actually I’m quite immune from the economy hurting since I have hard assets such houses and land and got rid of my stocks and bonds a long time ago. Their prices would go down in a downturn but I would never sell at a discount since I don’t need to. It's very insulting to state that I'm a tax evader. I always paid my taxes entirely and on time so I never had any problem with the IRS. Trump’s family came to America from Germany and mine from the UK so we both don’t have a drop of Chinese blood in our veins Here is a good example of stupid government control. The first time I brought two gold bars of a kilo each to Cyprus I declared them to the custom authorities at the airport as required by law. The result is that they were confiscated until further investigation. I had a few meetings with the police and with financial authorities and had to explain where the money to buy them came from and where the bars came from. Luckily I always keep receipts for these purchases but it still took me over two months to recover them. Since I’m now known to custom authorities, nobody ever question my custom declarations at Cypriot airports Since I don’t put all my eggs into one basket I also diversified the locations where I keep my precious metals. Although I have a few Bitcoins I don’t believe that they can be use to preserve wealth since they have no future at all. As far as using them for tax evasion I already posted that the IRS is aggressively pursuing the people that have Bitcoins and other so called crypto currencies.
  • #7,049
  • Edited 9:08am Mar 20, 2020 8:13am | Edited 9:08am
Quoting Hutch
{quote} Instead of plainly state that they use money to control people stupid governments always state that this is to fight crime, fight terrorism, fight money laundering, prevent assets from leaving their countries or fight tax evasion. 20 years ago people from drug cartels could take millions of $ to banks in duffle bags with no question asked. Actually I’m quite immune from the economy hurting since I have hard assets such houses and land and got rid of my stocks and bonds a long time ago. Their prices would go down in a downturn but I would...
You're just another criminal mentality guy and your blabbler against the system became extremely boring for me for a long time now.
Suuure, you have land, bitcoin, gold, houses, the golden goose and your blood is blue ...and you are Tooth Fairy ...but I already know that, you waste your precious time on me
Take it easy, buddy !
Member
  • #7,050
  • Mar 20, 2020 8:41am Mar 20, 2020 8:41am
Quoting Hutch
{quote} Instead of plainly state that they use money to control people stupid governments always state that this is to fight crime, fight terrorism, fight money laundering, prevent assets from leaving their countries or fight tax evasion. 20 years ago people from drug cartels could take millions of $ to banks in duffle bags with no question asked. Actually I’m quite immune from the economy hurting since I have hard assets such houses and land and got rid of my stocks and bonds a long time ago. Their prices would go down in a downturn but I would...
Privacy is a right not a privilege. Your correct that they try to control. The tax system is hugely in efficient since we in one day print more than has been ever collected. Tax can never pay it off and yet big govt spends billions to try to collect. Once we are using digital money it will be easier to preserve this right (maybe)

digital identity can be used to filter criminals not privacy intruding src of funds requirements
  • #7,051
  • Edited 1:19pm Mar 20, 2020 9:04am | Edited 1:19pm
Crypto big mouth monkeys make big noises about this worthless bitcoin trash hoping the next stupid greedy imbecile will be tempted to buy more.
Those Nox-Koko-Pongo-Mumbo-Gumbo have alot to lose if you don't believe them
Otherwise bitcoin it's a worthless computer code.
There's no fundamental reason for a trash like bitcoin to grow.
Bitcoin chart it's just the bet situation on this computer code showing how many real dollars people risk on this asset believing that it can "cure cancer" ...namely the current global banking system
See, they blame the world for their personal misfortune and miserable failure of their lives.
They are losers in the real world, so they would rather try to change the world than to accept they've fucked up so bad
Typical loser pattern

Are they dreaming a fair world? Nope, they just love to blabber and show off. Because nobody really wants a fair world
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  • #7,052
  • Mar 20, 2020 1:18pm Mar 20, 2020 1:18pm
Jag is right.

I hold both bitcoin and assorted privacy coins

Sue me

Keep arguing
Beware of robber banks (RB), bad advisors.
  • #7,054
  • Mar 20, 2020 4:43pm Mar 20, 2020 4:43pm
Quoting TudorIoan
{quote} You're just another criminal mentality guy and your blabbler against the system became extremely boring for me for a long time now. Suuure, you have land, bitcoin, gold, houses, the golden goose and your blood is blue ...and you are Tooth Fairy ...but I already know that, you waste your precious time on me Take it easy, buddy !
I just answered your post to prove my point that governments only want to control people and rob us of our liberty. I don't have a criminal mentality but I do everything that is possible to protect my rights to freedom within the limits of existing laws I'm sure that you flounted the laws of your country a lot more than me when, under your illustrious president Nicolae Ceaușescu, you watched movies that had been illegally dubbed in Romanian by that criminal Irina Nistor. Of course I'm joking to prove my point but I'm 100% convinced that I would have done the same to assert my rights to freedom

I wish you all a nice weekend with your family.
  • #7,055
  • Mar 20, 2020 4:50pm Mar 20, 2020 4:50pm
Bitcoin lost a third of yesterday's gains almost entirely in the last hour of trading. I wonder what the weekend will bring.
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  • #7,056
  • Mar 21, 2020 1:42pm Mar 21, 2020 1:42pm
Here is a video for you Sidhujag and all the others that believe in crypto.

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  • #7,057
  • Mar 21, 2020 4:02pm Mar 21, 2020 4:02pm
Bitcoin went up today
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  • #7,058
  • Mar 21, 2020 7:32pm Mar 21, 2020 7:32pm
Quoting Hutch
Here is a video for you Sidhujag and all the others that believe in crypto. https://www.youtube.com/watch?v=qcC7-stzoOg
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/
  • #7,059
  • Mar 22, 2020 1:05am Mar 22, 2020 1:05am
Bitcoin manipulated up a few hundred dollars
Compulsions can be hard to resist
  • #7,060
  • Mar 22, 2020 2:06am Mar 22, 2020 2:06am
I’m watching for a potential long.
Breaking out from diamond pattern.

I want to see a decent bullish move >6400 for a buy

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