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Can we have a non-hate mail vs fanboy thread on trading Bitcoin?


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2022 Mar 12, 4:27pm   25,410 views  189 comments

by Rin   ➕follow (13)   💰tip   ignore  

Whenever this topic comes up, it turns into political theater. Why can't we talk about a market (whether it's real or imagined stardust) w/o it turning into a cage match?

Let me make a comparison to a more mature market.

The following is a multi-year chart of the EUR vs USD, with the 50 bar exponential moving average (EMA) as the indicator on the chart. As anyone can observe, when the spot price is above the 50 EMA, there are more bullish trading opportunities (in green) than below it. And when it's below the 50 EMA, bearish events (in red) tend to be more common.







Now, contrast the above with that of BITCOIN vs USD. Whenever the 50 EMA is tested, the bearish opportunities are sparse and really don't even given bonafide short sellers much time to maneuver w/o a near term rally taking 'em out.



All and all, that's a bullish market with a high amount of sentiment on the upside. So until we see a general overall market meltdown, I'm not calling curtains on the cryptos.

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102   Cash   2022 Mar 31, 4:40pm  

A new world financial order will be negotiated, West will no longer have a veto: Moscow
https://insiderpaper.com/a-new-world-financial-order-will-be-negotiated-west-will-no-longer-have-a-veto-moscow/?source=patrick.net
“It is impossible to trust those who freeze the accounts of other states; steal other people’s business, assets and personal possessions, compromising the principles of sanctity of private property,”
103   Cash   2022 Mar 31, 5:04pm  

104   PeopleUnited   2022 Mar 31, 7:40pm  

Cash says
I would like to see a vote of who here has confidence in either western financial institutions and due process of the law .


This is exactly what the gold bugs have been saying for years. So really all you are adding to this thread is fanboy brouhaha. But to your point, I do believe western governments will outlive XRP and develop digital currencies that they can control. They will simply ban, or label as terrorists anyone who stands in their way. Just look at what Trudeau is doing in Canada. It’s not about money, it is about control. And if cryptos begin to threaten their control, they will eliminate them. That is the main reason not to HODL, when the time is right the globalists will bury cryptos and/or the people who use them.

The DHS quote claims that XRP is not controlled by governments or institutions, if that is true they will move to eliminate it. If it is not true (a possibility I find more plausible) then they control it but want you to believe they don’t. Machiavellian and brilliant plan isn’t it?
105   PeopleUnited   2022 Mar 31, 7:48pm  

Rin says
And thus, some hybridized system using crypto behind walls of application code, may be a way to maneuver w/o arbitrary political moves to seize ones assets.


Yes John Murdoch or Neo is coming to free cryptos from the dark city matrix that is holding all captive. Or maybe what you are saying without directly saying it is that cryptos are in fact vulnerable to governments or other institutions who can (unless we hide them behind walls of magical imaginary application code) prevent investors from retrieving their crypto assets at will.
106   SoTex   2022 Mar 31, 8:30pm  

PeopleUnited says
This is exactly what the gold bugs have been saying for years. So really all you are adding to this thread is fanboy brouhaha. But to your point, I do believe western governments will outlive XRP and develop digital currencies that they can control. They will simply ban, or label as terrorists anyone who stands in their way. Just look at what Trudeau is doing in Canada. It’s not about money, it is about control. And if cryptos begin to threaten their control, they will eliminate them. That is the main reason not to HODL, when the time is right the globalists will bury cryptos and/or the people who use them.

The DHS quote claims that XRP is not controlled by governments or institutions, if that is true they will move to eliminate it. If it is not true (a possibility I find more plausible) then they control it but want you to believe they don’t. Machiavellian and brilliant plan isn’t it?


ALL this shit belongs on the bitcoin is stupid thread. Can't you fucking read? I assume you can given all your bible platitudes. Beat it!
108   SoTex   2022 Mar 31, 8:34pm  

It's getting interesting:



Could go either way. I'm still hoping for a serious crash.
109   Cash   2022 Mar 31, 8:36pm  

PeopleUnited

I have no clue how this all works out in the end no more then you or anyone else does. Come back in 20yrs like you said you would, your wasting your time here
and it would be much better suited for the MISINFORMATION thread where you fit right in.
110   SoTex   2022 Mar 31, 8:40pm  

LOL

20 años
111   Cash   2022 Mar 31, 8:54pm  

FJB says
Could go either way.

USD is hanging in there so look for the economic indicator news in the morning and watch the DXY reaction. BTC had a bunch of
long leverage snatched and there is still some on the table however Im not really looking for price to break down much below 37.5+/- and that
will be a reach 42-40k+/- (61.8 wky) would be a more of a logical landing field imo. Markets are confused and looking for guidance so until USD
shows it's hand most of the markets should just stay in or near range.
112   SoTex   2022 Mar 31, 8:57pm  

Do Kwon has been buying things on the exchanges apparently instead of making over the counter buys (which don't move the price):

https://thedefiant.io/terra-10b-bitcoin-treasury-luna/?source=patrick.net
113   Cash   2022 Mar 31, 9:00pm  

FJB says
SEN. CRUZ INTRODUCES LEGISLATION PROHIBITING UNILATERAL FED CONTROL OF A U.S. DIGITAL CURRENCY

https://www.cruz.senate.gov/newsroom/press-releases/sen-cruz-introduces-legislation-prohibiting-unilateral-fed-control-of-a-us-digital-currency?source=patrick.net

Some legislators are trying to make sure what ever Digital means they use the regulations have more of a cash utility and not be part of the globalist spy ring tools.
114   SoTex   2022 Mar 31, 9:02pm  

PeopleUnited says
l if cryptos are still going strong in 20 years


Will you still be alive in 20 years? Serious question.
115   Cash   2022 Mar 31, 9:09pm  

personal
116   Cash   2022 Mar 31, 9:20pm  

JPMorgan, led by bitcoin skeptic Jamie Dimon, quietly unveils access to a half-dozen crypto funds
https://www.cnbc.com/2021/08/05/bitcoin-jpmorgan-led-by-jamie-dimon-quietly-unveils-access-to-a-half-dozen-crypto-funds.html?source=patrick.net

Wells Fargo: Cryptocurrency Has Entered 'Hyper-Adoption Phase'
https://news.bitcoin.com/wells-fargo-cryptocurrency-hyper-adoption-phase/?source=patrick.net

Bitcoin is coming to hundreds of U.S. banks this year, says crypto custody firm NYDIG
https://www.cnbc.com/2021/05/05/bitcoin-is-coming-to-hundreds-of-us-banks-says-crypto-firm-nydig-.html?source=patrick.net
117   PeopleUnited   2022 Mar 31, 9:57pm  

FJB says
PeopleUnited says
if cryptos are still going strong in 20 years


Will you still be alive in 20 years? Serious question.


The actuarial tables indicate that is indeed extremely likely. But on the other hand I expect that before the decade is over, there will be the beginnings of a one world government and that could change everything from life expectancies to personal liberties to economic conditions. If any of us are still alive then I expect we will all be using the same currency, and it won’t be physical, it will be 100% digital.

And for the record I’m all for making wise investments. I just tend to believe the investment experts and the evidence that cryptos are an expensive fad that will achieve their intrinsic value which just so happens to be significantly less than what most of them currently trade at. So if I can invest a grand today and double or triple my money and then cash out in the next 2-3 years I’m in. Was able to do that with precious metals buying near the bottom and selling near the top several years ago, I just don’t see that happening with any certainty in the crypto sphere. Volatility doesn’t even begin to describe cryptos.
118   Cash   2022 Mar 31, 11:20pm  

STELLAR > $XLM > LOW COST CROSS-BORDER PAYMENTS & REMITTANCE FOR ANY CURRENCY TRADE
119   Cash   2022 Apr 1, 6:50pm  

What if the hokey pokey, IS what it's all about?
120   SoTex   2022 Apr 1, 8:38pm  

FJB says
It's getting interesting:



Could go either way. I'm still hoping for a serious crash.


It's followed the green path to a T so far. Still below the 20 DMA though.
121   Cash   2022 Apr 1, 9:19pm  

FJB 40k+/- is a tough neighborhood brother and is a logical tgt to start some buying at least a few Satoshi in that area if it gets there
under 38k is a far reach imo....
122   Cash   2022 Apr 1, 10:17pm  

$link



What Is a Blockchain Oracle?
Oracles provide a way for the decentralized Web 3.0 ecosystem to access existing data sources, legacy systems, and advanced computations. Decentralized oracle networks (DONs) enable the creation of hybrid smart contracts, where on-chain code and off-chain infrastructure are combined to support advanced decentralized applications (dApps) that react to real-world events and interoperate with traditional systems.
https://chain.link/education/blockchain-oracles

123   PeopleUnited   2022 Apr 2, 5:15am  

https://www.investopedia.com/articles/investing/052014/why-bitcoins-value-so-volatile.asp?source=patrick.net
Why Does BTC Fluctuate so Much?
Bitcoin's price fluctuates because it is influenced by supply and demand, investor and user sentiments, government regulations, and media hype. All of these factors work together to create price volatility.

How High Can Bitcoin's Price Go?
It's rare to watch cryptocurrency news and not see an investor or fan's opinion of how high Bitcoin's price will get. Unfortunately, it is unknown how high or low the cryptocurrency's price will go.

Is Bitcoin Safe to Buy?
You can buy Bitcoin on government-approved cryptocurrency exchanges like Coinbase. If you're looking to use Bitcoin to preserve capital or grow your assets, its price is highly volatile—there is no guarantee that you will see any returns; you're just as likely to lose everything you invest as you are to make any gains.
124   Cash   2022 Apr 2, 5:16am  

FJB 1 reason crypto maybe staying sideways is tax season which is my preference.
125   Cash   2022 Apr 3, 7:26am  

126   Cash   2022 Apr 3, 1:13pm  

IBM WORLDWIRE > $XLM + $SHx [ANCHOR BRIDGE CURRENCIES] [[STABLECOINS]]


Money Money Money MONEY!!!
127   Cash   2022 Apr 3, 2:36pm  

FJB
Just a bit of clarification to my approach in consideration of the crypto market.
CBDC are coming and regulation as well. The legacy system of SWIFT is like
using a 1929 stock model T in a race with Tesla's Model S EV car and why 1 of
my largest holdings is XRP as the premiere fast, cheap, ODL cross boarder pmt sys.

CBDCs depending on who gets to create and govern is the big question and concern.
However XRP maybe 1 of the most important cogs in the metrics of CBDC regardless
of the creator and governance. Definitely speculation at this time, but in my opinion is well
with in my risk appetite. XRP can be used exchange from them all.

128   Cash   2022 Apr 3, 2:52pm  

129   Cash   2022 Apr 4, 6:25am  

DooDahMan says
https://www.ibtimes.com/nearly-half-crypto-owners-first-bought-digital-assets-2021-survey-3460247?source=patrick.net
Thanks for sharing the article, many in the US have led a privileged life with little exposure to the hardships civilians have to put
up with in other third world, developing and emerging markets. Americans in many ways have become of the mind they are so important they are entitled which we all see or experience this most every day rather from family members or out in public. I dont know about anyone else but I clearly see a different global monetary system on tract and on it's way for this year or very early next year and it will be a massive shock to the majority, changes in the SWIFT system sched. for Nov. 2022 alone should make things very interesting.
130   Cash   2022 Apr 4, 7:13am  

131   Cash   2022 Apr 4, 2:07pm  

Ripple – Banks Go All-in!
Top banks like the Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) are using XRP (CRYPTO:XRP) for payments!
https://www.fool.ca/2022/03/24/ripple-banks-go-all-in/?source=patrick.net
132   Zak   2022 Apr 4, 2:13pm  

Cash says
Ripple – Banks Go All-in!
Top banks like the Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) are using XRP (CRYPTO:XRP) for payments!


WTF do banks care. If their gamble doesn't pay off, they just cry they are a societal necessity and get a bail out. Of course they are taking any and every moral hazard and risk. WTF is your point?
133   Cash   2022 Apr 4, 4:06pm  

https://watcher.guru/news/goldman-sachs-to-offer-crypto-services-for-private-wealthy-clients?source=patrick.net
“There’s a contingent of clients who are looking to this asset as a hedge against inflation, and the macro backdrop
over the past year has certainly played into that,” Rich said.

Just a word of warning if you hold your crypto with the banksters you might as well hold cash.
If your crypto is not under your control as the saying goes if they are not your keys they are not your crypto.
136   Cash   2022 Apr 5, 3:27am  

Factbox: How U.S. banks are dipping their toes in the crypto water
https://www.reuters.com/business/finance/how-us-banks-are-dipping-their-toes-crypto-water-2022-04-05/?rpc=401&source=patrick.net
April 5 (Reuters) - Last week, a top U.S. banking regulator warned of growing risks as banks start to capitalize on the popularity
of cryptocurrencies to offer related services to clients.
Here is how some of the biggest banks operating in the United States have gotten involved in crypto:
137   Cash   2022 Apr 5, 4:43am  

Zak says
WTF do banks care. If their gamble doesn't pay off, they just cry they are a societal necessity and get a bail out. Of course they are taking any and every moral hazard and risk. WTF is your point?

1st I could not care less about your opinions you are welcome to them, everyone has them right or wrong nor do I care if you get anything from whats shared
on this post or get the point whats so ever, it matters not to me.

With that being said there is a global "Currency War" and all that money leaving the money changers hands (legacy monetary systems) which at peak was 2.9+trillion
with far superior technology in many ways is definitely concerning to governments and their institution.
138   Cash   2022 Apr 5, 5:24am  

DooDahMan says
See comment #2 on this: https://patrick.net/post/1344461/2022-04-05-profits-soar-as-u-s-corporations-have-b

A recent report has also shown that Bitcoin mining revenue rose 206% in 2021 despite many countries cracking down on crypto mining and China even banning it. The US has become the nation with the most Bitcoin miners.

Awesome share...
You can lead a horse to____
139   Cash   2022 Apr 5, 5:31am  

2022 Global State of Crypt
https://www.gemini.com/state-of-crypto?source=patrick.net
Download the report it's free and full of stats and graphs..
140   Cash   2022 Apr 5, 7:52am  

WATCH: Dr. Malone Says He Will Expose 4,000 World Economic Forum Names Via Blockchain
https://welovetrump.com/2022/04/04/watch-dr-malone-says-he-will-expose-4000-world-economic-forum-names-via-blockchain/?source=patrick.net
In a recent speech, given in front of a crowd of freedom truckers, Dr. Malone announced that he has a spreadsheet of 4,000 individuals
connected to the World Economic Forum.

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