Quote from: kellrobinson on Today at 02:56:59 PM

So the yellow line, "the price seeking level" is ONLY drawn in "after the fact?"

We cannot know our upcoming "price seeking level" until after it has happened?

That sucks.

Cry

Quote from: Kylapoiss on Today at 02:59:21 PM

We should change the 100k party to 50k party so we have some partying to do while we wait for the price to rise

I've run out of reasons to drink Cheesy

You must be new in these here parts, Kylapoiss.

The thing that tends to happen with these price level parties is that as soon as the party threshold is reached, then the threshold is moved up another 10x... same thing happened at $1k and $10k..

It will happen again at $100k, if it has not already shown itself to be in the midst of happening... speaking of parties.. have not seen 600watt around these parts for a while..

Anywhooo

Peeps no really want to party nor to meet udder peeps from the interwebs. They just say that they want to meet and party like it is 1999.

Cheesy

Quote from: cAPSLOCK on Today at 03:04:43 PM

Quote from: kellrobinson on Today at 02:56:59 PM

Interesting chart. The bit missing is the price seeking level related to the NEXT halving.

cAPS... stole my thunder.

What else is new?

Quote from: kellrobinson on Today at 03:13:23 PM

Quote from: cAPSLOCK on Today at 03:04:43 PM

Quote from: kellrobinson on Today at 02:56:59 PM

Interesting chart. The bit missing is the price seeking level related to the NEXT halving.

quadratic regression on the logarithmic scale indicates $76k
There's ~~an app~~ a chart for that ha ha

That seems low.. but whatever.. it is what it is, and surely none of us should be complaining about a price seeking level (presumably that lasts close to two years) that is around double of our current prices and around 17% higher than our current ATH, no?

Quote from: luckygenough56 on Today at 03:53:23 PM

eth is a turd

Quote from: suchmoon on Today at 03:42:16 PM

Quote from: shahzadafzal on Today at 03:34:49 PM

I have no idea about how this leverage thing, how it works..? I have never tried but this seems convincing based on this wild up and down fluctuations $30k-$40k lines.

It's simple, borrow 100x of what you have and trade with it... 100x profit but 100x loss too, so if corn goes down 1% your collateral gets liquidated. Amazingly there is no lack of math-challenged idiots who think this will never happen to them.

now you know you don't need to own bitcoins to make money or crash it, just borrow a few thousands with ur MM pals and do a coordinated dump, -50% there you go gg easy wp

margin trading is dope for trading alts, in fact i only trade shortable alts. incremental long or short is power because they can't sustain a pump more than a few hours and they bounce hard in during frenzy times.

Do not recommend when market is flat tho

And here i thought 5x was already very dangerous (100x oh my how it is even allowed Roll Eyes

)

I read somewhere that 20x was pretty common, and for quite a long ass time, I have not ONLY proclaimed that I am scared as fuck about leverage because I am not sure about how to attempt to use it effectively, but I have also been preaching for probably nearly 6 years (If memory serves me, probably I got a wee bit more cocky about my bitcoin stash, its performance and my strategies around it around late 2016) that historically bitcoin has had such outrageously stupendous abilities to have asymmetric upsides that there is NO need for leverage in order to preserve possibilities to get richie as fuck from bitcoin.

There remains almost no evidence that the fundamentals of bitcoin, including its ongoing asymmetric upside has disappeared, even now at current prices. Accordingly, having such an ongoing great upside potentiality continues to mean that guys do not even need to put a lot of relative value into bitcoin in order to enjoy great possible upside which results in greater financial and psychological options.. but still could take some time to play out.. and sure if anyone is investing small amounts or low on the 1% to 10% scale, then it likely is going to take way more time to play out for richie status or even greater options status.. and I am not even suggesting to rush it because peeps can (and should) ONLY do what is reasonable and prudently within their financial and psychological grasps because otherwise they are gambling rather than investing.