Quote from: LFC_Bitcoin on Today at 03:18:01 PM

Quote from: ImThour on Today at 02:29:03 PM

I stay by my words, $55k by 15th Sept.

Bro, you’re struggling here but I hope you’re right.

I don’t know who or why they’re selling but I’m reading on Twitter that bitcoin totals on exchanges are at the lowest point for a long time. If that’s the case why are we going down, FFS.

Of course .... u be Koreck, LFC..

Fewer coins on exchanges signifies UPpity price pressures on our lillie fiend.. rather than DOWNity pressures - due to lesser number of coins to buy and fewer coins to dump, too..

If any of us want (or fear) BTC prices to be going DOWNity in the short-term, we need to use some other facts/indicators to achieve our negative nancy wishes/fears. Tongue

#nohomo

By the way, I see that had a 19% BTC price correction (so far), but I also consider such correction as a BIG so what? Do you have more? I am not even saying that I feel any kind of wishenings that the BTC price goes down, and of course, my wishenings are similar to yours, LFC.. UPpity is surely preferred, especially since I had largely stocked up enough BTC since late 2014.. and sure I stocked up some more in 2015 and even quite a few points thereafter, even from time to time in current times, even though I kind of consider myself more in a maintenance with liquidation leanings state, especially compared with my earlier(iest) of BTC days.... I am still NOT going to get too worked up about a 19% correction (so far) that seems to be lagging.. and isn't that really a correction for ants? Sure maybe army ants, but still ants, last time I checked.

We going to go down more? I don't know. We going to go up from here? I don't know. Hey, we are in the same boat.. we don't really know, and gosh it seems to me that I am putting way lower probabilities on various UPpity scenarios than you see to be, and maybe that allows me to feel some (perhaps low expectations psychology) great rewards with almost any kind of UPpity.. and hey, I am even considering possible scenarios of greater than $1.5 million per coin in this cycle.. but those odds are in the less than 1% arena.. or something like that (last time I checked my plotting out of numbers).

Anyhow, we are still in a bull market.. so what else could we hope for in terms of just sitting back, enjoying the ride, and considering our lil selfies to be amongst the luckiest fucks in the world to actually have had the opportunities to both get ahead of the traditional rich folks and to sit back and watch them scrambling in various forms of desperation and denial. Those dynamics bring a smile to my face almost every single day, even though sometimes I feel a wee bit jaded to be making fun out of so many normies and rich folks who don't seem to hardly have any clues about bitcoin, but bitcoin no doesn't care whether they have any clues or not.

So, sure I feel that I am attempting to do my part to explain when I can and if I can, whether it is in my forum walls of text or in the real world.. and gosh, I get quite frustrated in the real world sometimes.. like holy shit, here's a somewhat hypothetical situation based on actual facts.

Me: "I have been explaining this to you for three hours (and even repeated conversations from years and years back), and it is still hardly even sinking in at all.. holy shit, holy shit... I appreciate that you are honest with me and telling me that you don't understand x, y and z.. but we might have to take a break so I can regroup and consider if there might be some better way for me to attempt to explain or if you need to just do a bit of studying into how the world actually works rather than your lil fantasy about how the world works."

Nocoiner peep: "I have been studying for years and years, and I still do not understand. I just don't get it."

Me: "Let's just take a break for now."

Nocoiner peep: "ok"

Quote from: cAPSLOCK on Today at 03:52:41 PM

With the way we are acting off the 50dma test i would say the bias is more down than up sadly.

You party poop.. and moo ruiner! u b tryin to ruin deeeeee weekend pumpenings... wwwwwwwweeeeeee!!!!

Angry

Quote from: Copetech on Today at 03:58:20 PM

Purely speculation, because I'm not smart enough to find the proof, but I suspect the IMF is actually leading a concerted effort to spike the value of fiat currencies by selling off gold and buying bonds, but they're not succeeding because they have not been able to generate enough sell-off FOMO to truly make the crypto market crash. End result is they are going to cause a US$ crash beyond their ability to control which will lead to a FOMO Buying Frenzy the moment they stop accelerating.

If smarter people can prove/disprove this thought, I'd feel better regardless of the result.

You are not necessarily wrong in terms of stating some factors that might well not play out so well for the IMF.. but whatever, a lot of these matters can take a very long time.. including that the dollar might not crash in any kind of meaningful or significant way in 20 to 30 years.. but bitcoin is still go0ing to profit from the various shenanigans whether the dollar crashes or not... and likely bitcoin is better off if the dollar does not completely crash because more desperation would not likely make our lives any better when we are already having some of the seeming desperations already playing out in terms of travel restrictions and government desperations in terms of figuring out new ways to fund themselves within a world that is turning more and more to bitcoin (which is also seeming quite inevitable.. even though the timeline and even the various severities along the way are not exactly clear).

Quote from: Hueristic on Today at 05:08:38 PM

Quote from: BlackHatCoiner on Today at 04:37:09 PM

Quote from: LFC_Bitcoin on Today at 03:18:01 PM

Bro, you’re struggling here but I hope you’re right.

I don’t know who or why they’re selling but I’m reading on Twitter that bitcoin totals on exchanges are at the lowest point for a long time. If that’s the case why are we going down, FFS.

Because, people like you and me think that it should increase due to that fact, but traders behave inversely proportionally. It seems that they're many who think likewise. Anyway, it's nothing but temporary.

Translation:

The market can stay irrational longer than you can stay solvent.

Fair enough. Even with a lot of UPpity price pressures, we are still in the middle of a kind of war (battle) too.. so there can be some ways to frame the matter in rational ways.. including that BTC prices are lower than their actual value.. but sometimes we cannot really know for sure either (in regards to our value assessment) until some of the battle plays out for a few more years.. and in the meantime, doesn't it feel good to have a decent amount of ongoing preparation for UP? Of course, some of our past preparations for UP have also paid off quite well.. so we do not even necessarily need to go UP from here in order to still be right, still be in a bull market and still watch how there are so many folks who believe that the bull market is over and there is also money trying to push bitcoin to prove the "bull market is over" thesis as correct.. .but golly gee whiz.. seems like some of those folks are going to get reckt or regret that they had not sufficiently pee pared their lil selfies for UP - even if UP is not guaranteed.. whether short-term, medium-term or longer-term..

but many of us still both understand some of the odds in this here asset class and are still prepared for UP just in case.. which does not even necessarily take a lot of capital to sufficiently, adequately and materially prepare for UP.... which is kind of the nature of an asymmetric bet.. and bitcoin is amongst the best (if not the best) of such asymmetric bets for any normie in these times to actually undertake.