Quote from: dmwardjr on October 13, 2018, 10:02:06 AM

Quote from: Fakhoury on October 01, 2018, 03:22:19 AM

Hey Dave,

I like your mindset when you are talking about trading, I agree with every word you've said.

Regarding being disappointed, don't be brother, we are mature enough to know life is not easy yet not impossible and it's never too late to change our own career or to change our plans, we don't know what the future holds for us, for this reason, we must be cautiously optimistic and who knows, maybe this is better for you in the long run, why not ? I'm kinda sure you will do very well in your new journey as you did with mining, we've been her for too long my dear brother

I saw the ideas of yours and like them, but I've two questions if you don't

1- Would like to hear from you, when you are seeing us passing $1MM+ ?

2- What do you think about this idea ? https://www.tradingview.com/chart/BTCUSD/c2DYFwXO-Bear-time-is-near-to-end/ , it's Masterluc account.

3- The below bullish news will make you happy and euphoric Wink

Warmest regards,
Fak

Hi Fak, Apologies for the delay, Brother!

Thanks for the motivation and inspiration! Much appreciated, Sir!

Sure, I'll let you know when I see us potentially passing $1,000,000. Grin

I looked at MasterLuc's idea on Trading View. Sure, it's possible to reach $250,000 by July 15, 2019. However, the motivation for that coming to pass must involve a complete total decimation of FIAT and stock markets around the world [As depicted in the publication below the image of a Wyckoff Distribution Schematic #1].

Do "NOT" assume the price action in the Dow Jones Industrial Average chart (below) "must" play out "exactly" as the Wyckoff Distribution Schematic I provided as an example (above). It's "only" an example... I also explain [In black text bubbles] WHY the first Up Thrust After Distribution (UTAD) was REJECTED and resulted in a continued Up Thrust while the Deep State Bankers regrouped to determine another plan of action and how they would attempt to "Control the Narrative" for the next collapse.

Link with further discussion on chart below: https://www.tradingview.com/chart/DJI/avHhTeC9-September-October-2018-May-Be-the-Beginning-of-a-Collapse/

If the price of Bitcoin went to $250,000, that would put the market cap of Bitcoin by itself at approximately $4.5 TRILLION US dollars. This does not include the market cap of Alt Coins. This would imply that $4.5 Trillion had the opportunity to transfer over to exchanges to bring liquidity to those exchanges. Such a move of liquidity would more than likely be achieved by governments for the most part in my opinion.

This move of over $4 Trillion in FIAT to exchanges would also need to be done BEFORE stock markets tank by at least 50 to 70 percent. When the stock markets tank by this significant of a drop, it's HIGHLY LIKELY the financials (banks) will have gone under. I suspect THEY (banks) would have been the ones to have created digital FIAT out of thin air [Through what is called, "Fractional Reserve Banking] to transfer over to many crypto exchanges across the world via their SWIFT network. However, the citizenry would not be able to transfer their FIAT to crypto exchanges AFTER a collapse of the financials (banks). The citizenry would be left holding an empty bag.

The scenario (above) has been a fear of mine the past couple of years. We have the financial collapse of Greece to look back on as a perfect example of what I'm referring to. I've often wondered how a GLOBAL collapse would affect the price of crypto currencies. Only early adopters of crypto would be able to benefit from such a global scenario.

We have rough times ahead in regards to stock markets crashing, banks closing and governments defaulting on their treasury bonds. I see a total ruin resulting in a RESET of the global FIAT system. I also see those currently in power (banks) not taking chances and positioning themselves to benefit from this circumstance by transferring capital to obtain HARD ASSETS such as physical precious metals, land, real estate and crypto currencies.

If crypto currencies go up as much as MasterLuc has depicted in that short period of a time, we can conclude most of the crypto currencies purchased during this time were purchased by bankers and governments. Also, "IF" banks have closed (collapsed), who would want FIAT currency? Which means, who would want to sale their crypto for FIAT on crypto exchanges? Those who do sale are making a bad decision. It would be best to HODL during this period if one is not equipped with proper indicators and experience to use those indicators to take advantage of the dips on the way up to $250,000.

Also, if you think about it, banks would need to transfer their FIAT to crypto exchanges BEFORE such a collapse to purchase cryptos.

Why?

Banks collapsing (going under) could disrupt trading on crypto exchanges because it would be as though the crypto exchanges were just hacked for millions of their holdings. However, those holdings just happened to be FIAT held within banks they do business with on behalf of their customers (traders) when customers transfer/wire FIAT to the exchanges.

So, if banks are going to pull this off, they would have to REALLY think this through and do it in a well orchestrated manner that avoids doing damage to their own crypto holdings they plan to accumulate. Meaning, they would have to transfer their crypto holdings off crypto exchanges BEFORE these exchanges are affected by banks going under.

I'll have a look at your bullishness news shortly. I wanted to respond to your questions as soon as possible after neglecting to do so for so long. Apologies, my brother!

Best Regards!!!

David

Dave, my dear brother and close friend of mine specially and for the rest of the family over here

At first, I won't accept your apology my dear because there is none, all of us know here how much of a busy man you specially these days and this thread and the family welcomes you at any time my dear.

I would like to thank you a lot for the last reply as I've learned from it a lot, it was a information-mine and let me have many questions to ask, here we go

1. Why can't I assume the price action in the Dow Jones Industrial Average chart "must" play out "exactly" as the Wyckoff Distribution Schematic I you provided specially that with taking a close look on the DJ chart, the price was on a bull trend from the late of 2008 or 2009 I think till now and only coupled with few bear-traps or sell-offs and this bull trend must come to end ? Plus you've stated that there is a lot of supply which is not matching the demand so the test of supply here will be produce a negative result which is 'Phase D'.

2. What makes you sure that there is an imminent market crash in the making and it will hit us sooner than later ? On what base or reason did you build those assumptions my friend ?

3. Do you see governments are stacking on Bitcoin now in a secret manner ? and Why ?

4. Why you were feared about the scenario of you were referring to here "The scenario (above) has been a fear of mine the past couple of years. We have the financial collapse of Greece to look back on as a perfect ....." ?

5. You said, "We have rough times ahead in regards to stock markets crashing, banks closing and governments defaulting on their treasury bonds. I see a total ruin resulting in a RESET of the global FIAT system."

Why we will have rough times ahead ? And do you see this as imminent scenario ? If yes, why ?

6. Do you see banks have entered into Bitcoin accumulating business or not yet ? If not, what are they waiting for and when do you see this happening ? If yes, based on what did you say my dear ?

A lot of questions I know my dear, sorry about that but as you see, I enjoy and want to learn more from you

Thank you for your time and information in advance my dear brother

Warmest regards,
Fakhoury