3
0

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


 invite response                
2022 Mar 12, 4:27pm   25,438 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.

« First        Comments 80 - 119 of 189       Last »     Search these comments

80   Cash   2022 Mar 30, 11:06am  

Any who think institutions are not into this space just look at the size of those big red-green dildos
I like bitcoin although I don't own any myself and imo is likely to stay as some sort of safe harbor being people can be there own bank as it were
and my next speculative tgts are 89k+/- then 104k+/- but not before the USD (DXY) rolls over which BTW hit a 2x bottom and now will be
a 3x if it survives 97.7. The be "your own bank" only applies if you hold your own keys and don't let the banks hold custody for you of any token
what ever they are offering.



As time goes on we should be able to see what if any correlation remain or decoupling takes effect fiat, crpto, commodities, and equities...
Not sure how that will end up but definitely taking note and will respond accordingly.
81   Rin   2022 Mar 30, 4:29pm  

Cash says
next speculative tgts are 89k+/- then 104k+/-


My first take profit is selling 2/3 at $65K and then letting the rest run up to $85K+.
82   Cash   2022 Mar 30, 5:16pm  

Rin says
My first take profit is selling 2/3 at $65K and then letting the rest run up to $85K+.
Good plan brother that's right near the top R/line of that big flag pattern wky just keep in mind the odds if/when that line is hit 3x is a charm and it will be high probability it fly's to 89k after a bit of stall... I'm holding about 40+diff stacks of coins and for the most part all bought in 2021 at various time, so due to taxes my plan is I will hold for at least 1yr if at all possible unless profits get to tasty. I sold most everything near crypto highs in 2020 and re-bought in 2021.
83   Cash   2022 Mar 30, 5:17pm  

There will likely be 3 bullish patterns to consider W, bull flag and a C&H
84   Cash   2022 Mar 30, 5:18pm  


Pack your bags, time is running out. You can't live with yourself if miss this once in a lifetime opportunity. $link
pic.twitter.com/jInMSDSFn9— Dr. Väinämöinen (@DrVainamoinen) March 30, 2022

Hundreds of TRILLIONS of dollars Money Money Money MONEY!!!
85   Cash   2022 Mar 30, 6:05pm  

34 Questions You Should Ask Yourself Before Buying Into Any Cryptocurrency.
The crypto markets are a wild place, and often investors make the mistake of blindly buying into an asset without doing proper research beforehand.
https://cryptowhale.medium.com/34-questions-you-should-ask-yourself-before-buying-cryptocurrencies-71904b351911?source=patrick.net
86   Cash   2022 Mar 30, 6:09pm  


The subgraph for @ethsign is live on The Graph’s decentralized network ✍️

EthSign is a dapp for signing electronic agreements, built on Ethereum. Removing the need to trust proprietary software providers to sign documents, EthSign keeps agreements secure using the blockchain. pic.twitter.com/7j6D0u8w6g— The Graph (@graphprotocol) March 31, 2022

Money Money Money MONEY!!!
87   Rin   2022 Mar 30, 6:45pm  

Cash says
Rin says
My first take profit is selling 2/3 at $65K and then letting the rest run up to $85K+.
Good plan brother that's right near the top R/line of that big flag pattern wky just keep in mind the odds if/when that line is hit 3x is a charm and it will be high probability it fly's to 89k after a bit of stall... I'm holding about 40+diff stacks of coins and for the most part all bought in 2021 at various time, so due to taxes my plan is I will hold for at least 1yr if at all possible unless profits get to tasty. I sold most everything near crypto highs in 2020 and re-bought in 2021.


Realize, I'm trading my dividend stream from the non-tobacco stocks, like Proctor & Gamble, because I feel that the classic DRIP (Dividend Reinvestment) isn't going to work for the overpriced blue chips, until the next market crash.

And thus, my trading strategy is basically aligning the cap gains on the XBTF to bolster the earnings of the P&G plus friends earnings instead of getting caught in buying their equities during a market high.
88   Cash   2022 Mar 30, 7:00pm  

Rin says
Realize, I'm trading my dividend stream from the non-tobacco stocks, like Proctor & Gamble, because I feel that the classic DRIP (Dividend Reinvestment) isn't going to work for the overpriced blue chips, until the next market crash.

And thus, my trading strategy is basically aligning the cap gains on the XBTF to bolster the earnings of the P&G plus friends earnings instead of getting caught in buying their equities during a market high.

Spot on, good strategy in this steam of time. Most here probably aren't setup like your portfolio is, or even could execute your moves w/o some kind of help.
90   PeopleUnited   2022 Mar 30, 9:33pm  

FJB says
Your money is already in electronics.


This is silly. There is a huge difference between accessing your assets through a computer gateway, and storing your assets on a computer or digital wallet.
91   PeopleUnited   2022 Mar 30, 9:38pm  

Rin says
And thus, my trading strategy is basically aligning the cap gains on the XBTF to bolster the earnings of the P&G plus friends earnings instead of getting caught in buying their equities during a market high.


This actually makes sense to me, essentially you are trading BTC just like some people do SLV or GLD ETF’s. So you don’t have to worry about storing or securing your coins.
92   PeopleUnited   2022 Mar 30, 9:46pm  

Cash says
That whole post belongs there and shows massive amounts of ignorance and judgement that is beyond ______
Fill in the blank as you wish
Talk to me in 20 years so we can decide who is ignorant or exercised bad judgment. Until then enjoy your speculation but don’t neglect to cash out before the casino closes.
93   Cash   2022 Mar 31, 6:36am  

Bitcoin And Crypto Now Braced For A $10 Trillion Earthquake As Ethereum, BNB, XRP, Solana And Cardano Soar
https://www.forbes.com/sites/billybambrough/2022/03/27/bitcoin-and-crypto-now-braced-for-a-10-trillion-earthquake-as-ethereum-bnb-xrp-solana-and-cardano-soar/?sh=5b7991ac4545&source=patrick.net

In March, a Credit Suisse analyst said the Russian war in Ukrainian will create a new world financial order that could boost the price of bitcoin and other cryptocurrencies.

"We are witnessing the birth of Bretton Woods III—a new world (monetary) order centered around commodity-based currencies in the East that will likely weaken the Eurodollar system and also contribute to inflationary forces in the West," Zoltan Pozsar, global head of short-term interest rate strategy at the giant investment bank, wrote in a report.

Money Money Money MONEY!!!
94   Cash   2022 Mar 31, 6:39am  

PeopleUnited says
Talk to me in 20 years so we can decide who is ignorant or exercised bad judgment.

20yrs. lmao
95   Cash   2022 Mar 31, 6:44am  

ECASH - The US Civil Currency War - The Fed v. US Treasury v. The Banks
https://www.youtube.com/watch?v=1T4LpurZU6Y&t=156s&source=patrick.net
96   SoTex   2022 Mar 31, 8:48am  

Rin says
Well, you've got the next Fibonacci level, $48K-$49K to retest.

If that holds or breaks through, in terms of a weekly candlestick price bar close (not daily), then the bearish flag is completely annulled.


Bumped it's head on the 200 moving day average. Lets see if it bounces off of that triangle then moves higher.
97   Cash   2022 Mar 31, 10:38am  

FJB says
Bumped it's head on the 200 moving day average. Lets see if it bounces off of that triangle then moves higher.
The DXY is still in range an so I am not really looking for BTC to pop but rather hoping crypto stays in range and weakens a bit, looking to add more various coins to my stacks at some discount.
98   Cash   2022 Mar 31, 10:52am  

Watch the USD high impact news indicators tomorrow right off the bat and watch the reaction.
https://www.forexfactory.com/calendar?day=apr1.2022&source=patrick.net
99   Rin   2022 Mar 31, 2:04pm  

Cash says
In March, a Credit Suisse analyst said the Russian war in Ukrainian will create a new world financial order that could boost the price of bitcoin and other cryptocurrencies.

"We are witnessing the birth of Bretton Woods III—a new world (monetary) order centered around commodity-based currencies in the East that will likely weaken the Eurodollar system and also contribute to inflationary forces in the West," Zoltan Pozsar, global head of short-term interest rate strategy at the giant investment bank, wrote in a report.


Without actually being too specific about the prognostication of cryptos, the market structure may change to make this happen.

Realize what happened back in the 80s and 90s, when a lot of Hong Kong businessmen & family members were moving to Canada, buying up real estate as well as equities. The idea was that when PRC took back HK from the British, that their money would be safe from confiscation in the Great White North. Well ... just recently, Trudeau proved that to be a fallacy. And now, for the rest of the west, for Russian nationals without dual citizenship (possibly renouncing the *SSR one) in a western nation.

That's a setup for the loss of confidence in western financial institutions and due process of the law. I mean seriously, is the average Russian a golf buddy of Putin? 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.
100   Cash   2022 Mar 31, 3:48pm  

The main export of the USA is USDs, the world is flooded with them.
Rin says
That's a setup for the loss of confidence in western financial institutions and due process of the law.

I would like to see a vote of who here has confidence in either western financial institutions and due process of the law . The Eastern part of the world has been setting things up to cut the USD ropes around their necks for a while, particularly since 2014... Just wait till all these nations that really hate the 2 faces of the US start exiting and selling off USDs not wanting to be the last 1 holding. As I see it the pot has boiled over and once Putin proves he isn't fkg around we will soon have a cyber attack here in the US that has already been rehearsed and practiced as it were sponsored by Israel with 9 or 10 other nations participating not long ago. And anyone who believes it is Russia doing the attacking is easily misled and red flagged as the WEF has been warning of 1 so fairly certain they won't need Putins help and it's already in the mix of whats to come..Just like they warned of a pandemic. (PLANdemic)

Russian banks are planning a switch to China's card payment system after Mastercard and Visa halted operations, reports say
https://www.businessinsider.com/russian-banks-are-rushing-switch-over-chinese-card-system-2022-3?source=patrick.net

All You Need to Know About Mobile China Payment Systems
https://tenbagroup.com/all-you-need-to-know-about-mobile-china-payment-systems/?source=patrick.net

This is all above my pay grade so these are just some of what I see as possibilities, nothing more.
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?

« First        Comments 80 - 119 of 189       Last »     Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions   gaiste