Author Topic: Bitcoins - about to hit $5,000 per coin today! (Read 1656805 times)

Griffith · « **Reply #7950 on:** September 10, 2021, 09:34:31 AM »

Here's a free version of Market Cipher for anyone interested. It uses all the free trading tools already on Trading View. To change from view only and keep it, just save it under 'layouts'.

https://www.tradingview.com/chart/o1u9u4B6/

Flexacon · « **Reply #7951 on:** September 10, 2021, 04:40:10 PM »

Crypto wants to rocket, but these are not buying times. Especially not bitcoin.

El Salvador could very easily have been this cycles Coinbase IPO peak. Also funny that Coinbase has had it's lending program stalled/shut down by the SEC and also tons of users are complaining about being shut out of accounts and/or stolen coins. Fuckeries are afoot.

Griffith · « **Reply #7952 on:** September 11, 2021, 04:08:00 AM »

BTC at 100k and ETH tripling in this bullrun before end of year?

SOMEPARTS · « **Reply #7953 on:** September 11, 2021, 11:50:19 AM »

Quote from: Griffith on September 11, 2021, 04:08:00 AM

BTC at 100k and ETH tripling in this bullrun before end of year?

More youtube videos of "to tha moon" dudes who would be selling used cars if not for crypto.

Mayday · « **Reply #7954 on:** September 12, 2021, 04:33:15 AM »

Quote from: SOMEPARTS on September 11, 2021, 11:50:19 AM

More youtube videos of "to tha moon" dudes who would be selling used cars if not for crypto.

The universe works so that outliers win. Those are top and bottom positions. Meanwhile the people in the middle who are average don't get anywhere.

Look at sport. The top outliers win. The average can train super hard and come somewhere in the middle and nobody cares. The bottom outliers get the crowd chanting for them, other athletes giving them support and they get more attention on social media.

The same goes for intelligence. The top outliers obliterate everybody. The average can study hard, still get smoked by an outlier and be stuck fighting over the most competitive jobs. The bottom outliers do jobs the average won't because the average see themselves above it. The bottom can do shit jobs earning double the money of the average with less work stress and higher quality of life.

The top outliers have a fast ability to learn. The bottom outliers have the ability to block noise by sheer accident.

OneMoreRep · « **Reply #7955 on:** September 12, 2021, 06:36:14 AM »

Quote from: Mayday on September 12, 2021, 04:33:15 AM

The bottom outliers do jobs the average won't because the average see themselves above it. The bottom can do shit jobs earning double the money of the average with less work stress and higher quality of life.

This..

"1"

Mayday · « **Reply #7956 on:** September 13, 2021, 12:27:57 AM »

Here is an overlay of 2013 timeline to the dump prior to the mammoth year end run.

Peak 9th April vs 13th April
Bottom 6th July vs 20th July
Rally peak 1st Sept vs 6th Sept
1st bottom 6th Sept vs 10th Sept
Peak 29th Sept vs ……21st September (maybe)
DUMP 2nd Oct vs 22nd-23rd Sept (maybe)
Bounce out 4th Oct vs 25th Sept

If we don’t vomit on the 22nd-23rd it means we dump after the 2nd October as all dates in 2021 have been later than 2013.

I have another chart but I can’t post on here without it looking tiny but it’s unrealised P&L which shows we are exact same as 2013 and NOT post peak.

Mayday · « **Reply #7957 on:** September 13, 2021, 06:10:14 PM »

BE BULLISH mofos!!!!

There is 7 days left until the a devil cleanses your soul and you shall be reborn into an insane bullrun.

Mayday · « **Reply #7958 on:** September 13, 2021, 06:15:37 PM »

In 7 days we shall all be cleansed!

Flexacon · « **Reply #7959 on:** September 13, 2021, 09:24:29 PM »

The SEC is going after the exchanges now as well as ripple. I still think ripple beats their SEC case, but we have seen what that has done to the price of XRP. This new FUD against exchanges could drop prices across the board.

https://twitter.com/attorneyjeremy1/status/1437487301601411074
https://www.banking.senate.gov/imo/media/doc/Gensler%20Testimony%209-14-21.pdf

-------------------

Elsewhere Evergrande is starting looking like Chinas Lehman Bros.

https://www.theguardian.com/world/2021/sep/14/china-property-giant-evergrande-admits-debt-crisis-as-protesters-besiege-hq

FitnessFrenzy · « **Reply #7960 on:** September 14, 2021, 11:44:01 AM »

Bindare_Dundat · « **Reply #7961 on:** September 15, 2021, 09:31:53 AM »

Quote from: Bindare_Dundat on August 26, 2021, 09:00:48 AM

We went a bit higher then my anticipated target but reassured this baby is heading down. Anticipate a rally around the 44k range where ill be longing. After that we will head down lower. Imo.

Flexacon · « **Reply #7962 on:** September 15, 2021, 07:48:30 PM »

Bitcoin golden cross could send it rocketing.

On the other hand Evergrandes bankruptcy will leave US hedgefunds holding bags. This could cause a stock and crypto sell off, leaving anyone long anything in tears, x5 that if Evergrande takes down the rest of the property development market in China with it (Sunac busting out is the big one) Tether

Intradasting times

GigantorX · « **Reply #7963 on:** September 16, 2021, 06:19:14 AM »

REAL TALK.

Is it worth it for me to purchase an expense (yikes!) current GPU (preferably NVidia) and begin mining on the side?

If yes, what should be mined?

Mayday · « **Reply #7964 on:** September 17, 2021, 01:14:37 AM »

Quote from: Flexacon on September 15, 2021, 07:48:30 PM

Bitcoin golden cross could send it rocketing.

On the other hand Evergrandes bankruptcy will leave US hedgefunds holding bags. This could cause a stock and crypto sell off, leaving anyone long anything in tears, x5 that if Evergrande takes down the rest of the property development market in China with it (Sunac busting out is the big one) Tether

Intradasting times

Is everybody expecting a dump? Yes
Have people sold or closed their long positions? No
Have people opened hedge positions whilst keeping their original positions open? Yes
Your Conclusion --> Is everybody scared of being dumped on or missing out on the rally out = Rally out

We have a 4 week window of crypto downside risk after which you better be on board mate

I'll message you about a few of the things we chatted about that i did quite well in. Will be spastic.

Flexacon · « **Reply #7965 on:** September 17, 2021, 09:38:01 PM »

Quote from: Mayday on September 17, 2021, 01:14:37 AM

Is everybody expecting a dump? Yes
Have people sold or closed their long positions? No
Have people opened hedge positions whilst keeping their original positions open? Yes
Your Conclusion --> Is everybody scared of being dumped on or missing out on the rally out = Rally out

I would be more than willing to accept the risks you've highlighted, but I'm not touching it right now because of Tether.

I mentioned Tether a few months ago, again a few weeks and again a couple of days. All 3 were different sources highlighting the Tether risk, now Burry just tweeted about it https://twitter.com/michaeljburry/status/1439055789646360582 (knowing him he'll delete it soon)

Cassandra
@michaeljburry
When Chinese CP is not the Communist Party and is maybe a bigger deal.

TheLastBearStanding
@TheLastBearSta1
· Jul 22
23. Again – its certainly possible Tether is buying other Chinese bank or developer CP or making up the CP concept entirely. But consider the implications if true: The crypto universe may be riding on the back of China’s collapsing property developers

Read the rest of the tweets from July https://twitter.com/thelastbearsta1/status/1418302465557110785?s=21

FitnessFrenzy · « **Reply #7966 on:** September 19, 2021, 01:07:57 AM »

Mayday · « **Reply #7967 on:** September 20, 2021, 03:54:04 AM »

US Fed already said Tether was 14% backed or something along those lines. So it’s already known to be leveraged.

Lots of people getting wiped out today. Brutal.

OneMoreRep · « **Reply #7968 on:** September 20, 2021, 07:58:36 AM »

Quote from: Flexacon on September 09, 2021, 07:34:23 AM

I'm convinced the Evergrande, the Chinese bond market situation and CCP are key to what happens over the next few weeks.

Evergrande has shat the bed, so now it's down to the CCP and bailouts. No bailout and tether is screwed, 80% crypto dump. Bailouts (which looks likely) then all markets take a haircut and crypto dumps about 30%.

Your suspicion was correct!

"1"

Flexacon · « **Reply #7969 on:** September 20, 2021, 06:06:29 PM »

Quote from: OneMoreRep on September 20, 2021, 07:58:36 AM

Your suspicion was correct!

"1"

My month(s) long bear campaign is indeed playing out.

We also got trolled again! "Fool me once, shame on -- shame on you. Fool me -- you can't get fooled again"

Quote from: Flexacon on September 08, 2021, 02:57:09 AM

Bitcoin looks like it's doing another wyckoff. It looks like we are in the last quarter a mini version of the Jan to May cycle. One more steady climb up left and then a big dump around the date Mayday gave.

They are truly trolling us if this ends up being case.

China is also trolling the foreign banks and institutions now. Marge will be calling soon, but I think if we get through the next few weeks with just a haircut then most will be okay.

China will be fine. Citizens, employees and contractors hurt by Evergrande will be made whole. Their banks and investors will see some relief. Foreign institutions will be told to eat shit. China in turn won't be going after US debt (they might go after debt the 3rd world owes them). US institutions can take the evergrande hit as they are all cash rich. Things get spicy again though if the other big property developers in China start to topple and/or crypto crashes 80%.

Beware of the incoming bull trap!

FitnessFrenzy · « **Reply #7970 on:** September 20, 2021, 10:42:59 PM »

ETH $ 2,975.12

Griffith · « **Reply #7971 on:** September 21, 2021, 12:33:28 AM »

According to stock to flow model 'worst case scenario':

Griffith · « **Reply #7972 on:** September 21, 2021, 02:37:34 AM »

Mayday · « **Reply #7973 on:** September 21, 2021, 05:33:41 PM »

Quote from: Griffith on September 21, 2021, 12:33:28 AM

According to stock to flow model 'worst case scenario':

That’s a model which assumes a fixed outcome equal to the most valuable asset classes which is 100T.

The creator uses the end value of 100T, divides this by 4yr halving then applies a network growth value for each block to get price. I’m not a fan of scarcity because perception drives price and supply/demand is the outcome of perception.

The price targets for each halving is the average over the time period. So 100k for 2021 is actually the average out to 2024.

One of the main reasons this model will break is because it assumes all coins hold equal behaviour which is incorrect. Derivatives is 14x larger than spot and therefore is primary driver. The ‘fundamental’ pricing which this model bases itself on is really the price at the true bottom. Derivatives artificially inflate and deflate the price so you can’t apply that to HoDL mentality and build a model.

Mayday · « **Reply #7974 on:** September 21, 2021, 05:40:48 PM »

Quote from: Griffith on September 21, 2021, 02:37:34 AM

He is ok on some stuff.

This sell off is driven by the sharemarket and super wealthy resetting for the next annual year. The FUD is there to hide the real reason is all. There is 1T parked in cash at the Fed for a reason, watch over the coming weeks how that reporting magically vanishes…..