Quote from: luckygenough56 on Today at 06:48:11 AM

Quote from: serveria.com on Today at 04:53:22 AM

Quote from: Raja_MBZ on Today at 02:06:13 AM

I think I should let y'all know my current position in BTC: 0.

I got completely out at ~$50k and will load back whenever the 200 Week Moving Average trend line is touched (currently at ~$12.5k but going up rapidly). This could take a year or more; I'm fine with it.

I'm currently sitting at ~5x my 2018 ATH, so I'm not really worrying about the price going up or down at this moment. Just chillin' out & providing liquidity to Uniswap's USDC/DAI pair.

...and yes, I think we've entered the bearish territory.

Non-financially though, I'm *still* in a lot of trouble.

I've got bad news for you: you are going to rebuy higher or never at all. x5 are noobish gains man you know that yourself. Congrats on becoming a nocoiner and mindrust v2.0 Grin

lol you'll be lucky if this bull trap goes back to even 50k, most likely they are opening tons of shorts to retest the low.

You believe that the opening of a lot of shorts shows that the BTC price is going down?

Whoaza!!!!

Quote from: luckygenough56 on Today at 06:48:11 AM

And who cares about bitcoin it's an antiquity losing its marketcap to the next big things it will go extinct like the dinosaurs.

Oh my.

Is something wrong with my lil head? I cannot even think of one project that even comes close to bitcoin in terms of value add and where I would like to put my money for actual investing (let's say 4-10 years or more).

Sure, there could be some short term playing arounds that work out, but still cannot really think of a good place to put value besides bitcoin.. is it me? Am I missing something?

Quote from: luckygenough56 on Today at 06:48:11 AM

I have another news for you Bitcoin is now too expensive for 95% of people to even buy one so they turn to cheaper alternatives.

Last time I checked, there was no need to buy a whole bitcoin in order to increase your potential of becoming richie.

Quote from: luckygenough56 on Today at 06:48:11 AM

Riches can play who has the biggest but new blood to dump on will be lacking unless they are some dumb healthy investors.

I don't recall you being so retarded previously, lucky - enough... maybe you just had not said anything previously in order to demonstrate such levels of retardedness? Perhaps? Cheesy

Quote from: luckygenough56 on Today at 06:48:11 AM

Also the volume is ridiculous and price artificial they can dump the price 50% with a tiny fraction of the coin supply it's ridiculous. Cheers.

I think that you are correct that our previous dump from about $50k-ish to $30k was partly a product of being able to force leveraged longs to be called.. so once the dumpening was taking place, the leveraged longs provided fuel for further dumpenings - so I am not sure where you get the logic that another further dumpening based on leveraged longs might end up taking place, when you, in fact, recognized that leveraged shorts are building up.

I surely do not claim to be any kind of expert in regards to whether leveraged shorts are going to outnumber leveraged longs in order to fuel UPpity rather than DOWNity, but seems to me that we already had a decent amount of DOWNity, and also seems to me that we still happen to be in a bull market. BTC price moves do tend to go in the direction of whatever kind of market we are in, so to presume DOWNity when the tendency is UPpity seems to be contrary to the current trend.. and the trend continues to be our friend, no?