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Rin's 5 min take on Bitcoin


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2021 Feb 27, 7:59pm   8,738 views  149 comments

by Rin   ➕follow (13)   💰tip   ignore  

In another thread ...

Just for some fun, I've decided to run a weekly price bar chart, with Fibonaccis on the whole thing ...



Here's the scoop, now that bigger institutes, along with the retail traders are into this speculation, there are actually trading zones for this thing because there are lots of players, not just the penny stock speculators.

So since last week's bearish candle engulfs the prior week's bullish one, we're on a retest of the price near the 0.618% Fibonacci retracement level. If that level holds, we have a bounce in place ... ready to go.

If it falls through that region w/ no intraweek support, then it falls to the next trading zone, and so on.

For this to be a bust, it needs to get back to the baseline.

I suspect that the big fish will issue a huge buyback in the 23K range, if not earlier (29K-35K). Sure, this thing may evaporate in the future if the concept of digital gold doesn't hold but between now and then, this is a trader's entity.

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142   Bitcoin   2021 Mar 8, 6:57am  

just_passing_through says
said the liar.


yes, the people spreading FUD (or simply put lie) want to grab your Bitcoin. Best advice: Dont sell...HODL instead. The smart money always tricks dumb money into selling their Bitcoin.

Look at Tesla, Square, Paypal, Microstrategies. They have bought billions of USD in Bitcoin! Smart Bitcoin investors hodl and appreciate those institutions.
Dumb money reads the china/miners FUD and ends up selling Bitcoin to the "smart money".
143   Onvacation   2021 Mar 8, 6:58am  

G36 says
Smart Bitcoin investors hodl and appreciate those institutions

Why?
144   Bitcoin   2021 Mar 8, 7:00am  

because: best performing asset!

145   WookieMan   2021 Mar 8, 8:27am  

G36 says
because: best performing asset!

I don't like Schiff, but you do understand why he likes gold, right? Either way it's all valued in USD or other fiat. USD was supposed to have collapsed 20 different times now and we're supposed to be in a depression. But you crypto guys have to use USD to even join the spreadsheet cult. For the life of me I can't understand why it doesn't compute with you guys.

Also, it's not manipulating other users quotes this time, but manipulating memes is not helping your "cause" here. Just be honest and answer any question. This is all just spam.
146   Bitcoin   2021 Mar 8, 8:31am  

@onvacation, soon, the 20k peak during the last cycle will just be a tiny blip on the chart!
147   WookieMan   2021 Mar 8, 8:37am  

G36 says
onvacation, soon, the 20k peak during the last cycle will just be a tiny blip on the chart!

How about answer his question? Start there before you keep spamming.

Onvacation says
G36 says
Smart Bitcoin investors hodl and appreciate those institutions

Why?
148   Bitcoin   2021 Mar 8, 8:40am  

@onvacation
Printing more FIAT is very bullish for Bitcoin / The stimulus package has been approved......you know what that means to the Bitcoin price

https://www.coindesk.com/bitcoin-retakes-50k-on-us-stimulus-progress-uniswaps-uni-cracks-the-top-10
149   richwicks   2021 Mar 20, 7:45pm  

B.A.C.A.H. says
richwicks says
I put so much into mine that when they died, it just destroyed me in that area. Worst thing I've ever done was ending my dog's life.


I was very sad when I lost them. One of the best things I've ever done was ending their suffering. I was very sad, but had no difficulty making that decision. Their vets agreed with me. Loved them too much to make them suffer. I think they would do the same for me.


My vet pushed me to put down one dog. He was right. My dog wasn't suffering at the time, but he would be, in a month.

I used to jokingly (and it was a joke!) threaten that if they went under the operating table and didn't survive I'd come for him. I should see my vet again, he was a good friend, but when I put my last dog down and picked up her ashes, it just kind of wrecked me.

One of my dogs had adenocarcinoma - he caught it. Gave her another 4 years. Having a pet reminds you how short life is. It was good to be a caregiver.

I'd like to make money being an animal caregiver, but nobody wants to pay for that. That would be a great experience though.

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