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16th March 2020, 12:22 AM | #521 |
Penultimate Amazing
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16th March 2020, 01:58 AM | #522 |
Penultimate Amazing
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Maybe, maybe not. However, what does "fixing" mean? At what point does BC not hitting zero disprove your fixing prediction? If I predict a catastrophic market collapse every month for a decade, until the day comes when it actually does occur (again), does that confirm my expertise at market timing?
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"To me, Hitler is the greatest man who ever lived. He truly is without fault, so simple and at the same time possessed of masculine strength" -Leni Riefenstahl Wollen owns the stage
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16th March 2020, 07:18 AM | #523 |
Muse
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I've got a fever..
...and the only prescription is more algo. |
21st March 2020, 01:04 AM | #524 |
Penultimate Amazing
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21st March 2020, 07:38 AM | #525 |
Penultimate Amazing
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"To me, Hitler is the greatest man who ever lived. He truly is without fault, so simple and at the same time possessed of masculine strength" -Leni Riefenstahl Wollen owns the stage
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22nd March 2020, 12:58 PM | #526 |
Penultimate Amazing
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23rd March 2020, 12:22 AM | #527 |
Skeptical about skeptics
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If you hadn't previously given a recommendation to buy after March 12 then your recommendation is useless. Anybody who bought before March 12 would have lost money if they followed your recommendation.
If you were recommending that gamblers short bitcoin after the 6500 mark then you also need to give a buyback date. |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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24th March 2020, 02:48 AM | #528 |
Penultimate Amazing
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24th March 2020, 05:22 AM | #529 |
Skeptical about skeptics
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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24th March 2020, 05:24 AM | #530 |
Fiend God
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24th March 2020, 08:03 AM | #531 |
High Priest of Ed
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Hamilton 68: Tracking Russian internet propaganda |
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25th March 2020, 01:03 AM | #532 |
Penultimate Amazing
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23rd April 2020, 02:52 PM | #533 |
Illuminator
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23rd April 2020, 06:59 PM | #534 |
Banned
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Is Bitcoin still The Most Important Creation In The History Of Man?
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30th April 2020, 03:48 AM | #535 |
Illuminator
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I'm still undecided as to its importance, but with a 25% overnight gain if you didn't make at least 15% on your BTC day trading purse last night you have nobody to blame but yourself. The money fairy is definitely back in town and she was making her rounds. Lots of cash purchase new houses with new cars in the drive will come out of that last FOMO session.
Chris B. |
2nd May 2020, 06:56 PM | #536 |
Skeptical about skeptics
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To be fair, bitcoin is only recovering from a 50% drop 6 weeks ago. Unless you can pick when the spikes will occur, day trading with BTC will be no more successful than with any other commodity.
And for those in it for the long haul, BTC still has to double in price if you wish to recover what was lost in 2017. |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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8th May 2020, 03:21 AM | #537 |
Illuminator
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I don't think the oil traders would agree. I'm sure they'd rather have BTC at the moment.
The long haulers could have easily been in the green zone by now if they did a bit of day trading and bought more BTC when it was at bargain prices. Even so, I do believe they will still come out even if they choose to sit on their BTC investment. (The Halvening is growing near) I can't remember how much I recommended everyone buy in BTC to try it out, if it was $100 or $1000 (and with multiple threads I'm not gonna be bothered to look), but I think those that did should now see about 100% gain. Those that didn't will still be here throwing rocks at BTC. I don't think day trading is about knowing where the top of a spike is. It's more about setting a profit per coin goal and resisting the urge to get greedy. Make hay when the Sun shines, it may be raining tomorrow. Chris B. Edited to add: Loki coin almost doubled in value last night. |
8th May 2020, 08:01 PM | #538 |
Illuminator
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Americans that bought BTC with their $1200.00 stimulus check now have $1600.00.
There is now a Twitter feed that tracks stimulus check/BTC purchase and its current value, hilarious. I'd sell back $1300.00 worth now but that's me, bird in the hand. Chris B. |
8th May 2020, 08:47 PM | #539 |
Skeptical about skeptics
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The thing is that you are posting now that the price is on the rise (or rather, in a steady state). You were nowhere to be found when bitcoin lost half of its value virtually overnight several weeks ago.
Bitcoin is a good thing to include in a mix of investments but the old adage about "putting all of your eggs in one basket" still applies. |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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8th May 2020, 09:44 PM | #540 |
Illuminator
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I read here daily when there's something to read. I post in the thread when BTC is on the rise to rub salt into the open wounds of the naysayers. I love the fact that Warren Buffet who has been so often quoted here has been served a **** sandwich in the stock market while BTC has continued to recover and gain.
Perhaps I'm just being petty but as a crypto investor who lives with the constant negativity of the naysayers it makes me feel good to say "I told you so". And to make things worse for the naysayers, if Bitcoin and all other crypto goes bust tomorrow it wouldn't matter to me in the least, I've already reaped my reward from it. Anything extra now is just dessert. Chris B. |
9th May 2020, 03:38 PM | #541 |
Skeptical about skeptics
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I'm with you regarding the naysayers. The amount (and frequency) of the woo used to justify saying "this is the end of bitcoin (this time for sure)" is astounding.
Nevertheless my warning against putting all of your eggs in the one basket still applies. Bitcoin is still a commodity whose ownership is concentrated in relatively few hands and is susceptible to frequent bouts of (suspected) price manipulation. |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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9th May 2020, 08:50 PM | #542 |
Illuminator
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Flash crash! Time to take that $1300.00 you cashed out and buy back in!
Chris B. |
9th May 2020, 09:13 PM | #543 |
Quester of Doglets
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We would be better, and braver, to engage in enquiry, rather than indulge in the idle fancy, that we already know -- Plato. |
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10th May 2020, 08:47 AM | #544 |
Illuminator
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It's a magic number. After the March drop a lot of $5K BTC was purchased. Bird in the handers sold at 2X their investment. Not a bad return. It's hard to find a 2% 1 year CD these days and it's unlikely to find one that'll pay 100% for a term of a few weeks like BTC just did.
Chris B. |
10th May 2020, 01:24 PM | #545 |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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14th May 2020, 11:41 PM | #546 |
Illuminator
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Choosing Time! For those that used their $1300 and bought back in on May 9th, you now have another 12% gain. Either cash out all or part of it to be safe and walk away a winner now. Bird in handers will probably cash in $1300 worth (the original $1200 + $100 profit) and let the remaining BTC balance ride.
Those who bought in at the top in 2017 and have done nothing to strengthen their position from the previous BTC all time high will probably continue to wait. These folks will likely sell the moment the price of BTC reaches the price they paid, or just short of $20k. There are several magic numbers to get thru before then though. Chris B. |
15th May 2020, 01:43 PM | #547 |
Penultimate Amazing
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15th May 2020, 06:29 PM | #548 |
Philosopher
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We don't want good, sound arguments. We want arguments that sound good. |
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15th May 2020, 06:35 PM | #549 |
Illuminator
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20th May 2020, 12:16 PM | #550 |
Illuminator
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Can't a person move 50 measly Bitcoin without setting off a World-wide panic?
Chris B. |
20th May 2020, 08:10 PM | #551 |
Skeptical about skeptics
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We must be looking at different charts. On May 10 the price fell by nearly 20% and recovered by May 14. It's been pretty much "steady as she goes" since.
https://coinalyze.net/bitcoin/usd/co...ce-chart-live/ |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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20th May 2020, 10:41 PM | #552 |
Philosopher
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Price Drops 7% in an Hour After Bitcoin Sees a Ghost
Quote:
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We don't want good, sound arguments. We want arguments that sound good. |
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21st May 2020, 05:23 AM | #553 |
Penultimate Amazing
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21st May 2020, 05:34 AM | #554 |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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21st May 2020, 06:09 AM | #555 |
Penultimate Amazing
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The rebuttals don't work.
There is a finite quantity of gold in the universe. There is an infinite quantity of digital gold in the universe. I can always find more rat poison, I do every year in my glass houses, the rats disappear despite my love of nature except where it screws my income. |
21st May 2020, 06:14 AM | #556 |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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21st May 2020, 06:26 AM | #557 |
Penultimate Amazing
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21st May 2020, 06:39 AM | #558 |
Illuminator
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It's easy to create new currency. It's not easy to give it value. It's not like printing money. Money already have value. Sure, if you create more, you are lowering it, but the new pieces automatically have substantial value when they are created. Same with gold.
Gold already has agreed value. Newly mined gold has the same value. If you transmute lead by neutron bombarding into gold, the gold has the same value. But if you create new currency, it has no value at all. It's like saying 'everybody can draw expensive painting, therefore art trading is pointless'. |
21st May 2020, 09:22 AM | #559 |
Illuminator
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BTC charts on May 10 thru May 14th have nothing to do with the dates I advised actions.
I advised a sell off on May 8th, a buy back on May 9th and a choice for May 15th at the time of my postings. Percentages mentioned in my posts were based on live pricing at that time and were spot on winners. Viewing the price increases and decreases between those dates is inconsequential. The only dates that matter are when the profit percentages add up and you push the button to take action one way or the other. The price you pay on the day you buy and the price you receive on the day you sell. Chris B. |
21st May 2020, 09:25 AM | #560 |
Illuminator
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