Topic: Calling top at $16500 (Even Newer!: $2483 bottom 19 Feb 2021 MtGox said so!) - page 12. (Read 24341 times)

That is a Bitcoins curse. You lose 1 IQ point for each 10 million of USD you gain. Some early adopters already went totally insane. We should all better get ready for the 2021. If you guys think 2020 is something you are for a huge surprise.

I agree that jbreher has largely devolved into a lot of contrarianism that seems to be for the mere sake of contrarianism, but he has been that way for a few years.. and maybe it just seems that he is sometimes being stubborn because he has wedded himself to a lot of ongoing nonsense conclusions.

He can make some good points from time to time and even some of his technically being correct about one thing or another will sometimes make some sense, but still difficult to take him seriously because we likely realized that the BIG blocker nonsense is also hard to really make sense of in terms of really attempting to put forth genuine arguments..

Can almost presume the vast majority of bsv supporters fall into some kind of similar camp, and maybe even more so if they are actively supporting that crap rather than being a mere investor that is hoping for some kind of pumpening (without really studying into the specifics of the scam and/the narcism and the pie in the sky nonsense that Bcash SV is).

So yeah jbreher and sgbett fall into similar camps in terms of their both being capable of presenting interesting and well thought out ideas but being ongoingly influenced by their bagholding fantasies related to the bcashes, big block and even focusing on bsv as if there should be any hope in that nonsense that goes beyond deception and pumpening that might be able to come from time to time through an illiquid asset that has some wealthy nutjobs that are willing to pump it or to otherwise prop up some smoke and mirror baloney litigation or whatever other real world money that it takes to market that baloney.

Furthermore, related to this thread, sgbett still waiting for a large BTC correction that seems less and less likely to come, jbreher does not usually talk up such correction possibilities unless he is all excited about some bcash sv pumpening or some other Big blocker diversion or even other shitcoin support that he may be experiencing that happens to line up with bitcoin bashing.. he might even be in the defi movement in recent times, and not knowing how sgbett might be incorporating defi nonsense in his ongoing waiting for some kind of meaningful BTC correction that is not too likely to come in this cycle... (but never say never, I suppose).

I think he was questioning 'losing it'. There was no typo.

Time will tell whether the current direction is a sustainable one. At the very least it's better than forking until you try to sell me Satoshi600VisionCoin and I refuse unless it's MeCoin.

Holy cow, you found a typo. I would advise you to go through all of my posts and find out that my English skills were never great and went down the drain a lot. You will find mistakes in every single sentence. I was assuming you knew this all along.
Please leave the comfortable position you are in (since this forum is mainly in English which seems to happen to be the language you grew up with) and start to post in a foreign language.

I remember that your comments, even though coming from a big blocker, came across intelligent and well composed in the past but I see you presently revert to some other level of communication. If I would find a typo in your posts, would I really laugh about it publicly?
I don’t think. 

Imho they were part of the movement that saved bitcoin in 2017. I think we owe Adam a lot. Payment can develop after it is an established store of value, scaling can be done on additional layers.

I can get why people are unhappy at the direction BorgStreamAxaLizardBanksterCoin has taken.

What I can't get is how they nail their colours to versions that knowingly discard every single other important aspect of Bitcoin in pursuit of that type of scaling, and wilfully refuse to acknowledge that might be a problem.

You can like big blocks and ALSO say every 'version' of Bitcoin out there right now fails to respect the principles you believe in. That seems to be the most logical behaviour but I genuinely don't think I've ever seen anyone do it.

'lose it'. haha.

i was a big fan of sgbett´s posts when he predicted moves up to astronomical highs back in the days. he was one of my favorite uber bulls and boy he got thrown shit at him for that.  

i was utterly stunned to watch him dive into the big blocker shithole. he wasn't the only OG who did that. I was a noob, some really smart OG went the same way than sgbett and it created some mental pressure on my part. I really tried to understand their logic but couldn't follow. it has been a drama. I think a portion of the 2017 run-up was due to the relief that bitcoin did not fold completely in this nightmare.
seeing smarter guys, OG´s with brains to totally lose it in that war was a big learning experience for me. I knew that if it could happen to them it could happen to me in the future, so I tried to mentally get prepared for that moment.

there is an amount of mental discipline and preparedness needed to really become and stay a BTC (!) hodler, that should not be underestimated.

Seems like the various bcash tards, whether bch or bsv deserved to get reckt as fuck... Of course, there are a decent number of them who did retain (and maintain) some amount of hedge with bitcoin, so that hedging (even if covert) may have saved them from total implosion.

By the way, I am not going to write off the pumpability of various shitcoins from time to time in the coming years. Sure, over the longer run, they are quite likely to gravitate towards zero.. but at the same time, some of them are still going to maintain small amounts of value for long periods of time in the vein of zombie status - that is pumped every once in a while because they can... just silly to keep value in any of them, but some peeps are just silly and invest based on hopium and fantasy considerations rather than the boring haul of longer term value investing that sometimes takes a decent amount of time to carry out.. They even have impatience with BTC inspire of the relatively exponential growth that has happened in BTC's price history and the likelihood that BTC is going to continue to retain decent, strong and ongoing upwards growth accompanied by ongoing value gravitation into it.

It was a great call. However since he got infected first with BCH and then, gulp, BSV any credibility took a permanent vacation and the thinking is stained with it.


A proper trader is completely unemotional and totally pragmatic about these things. You don't make calls because you want it to happen. We won't have that long to wait anyway.

I believe I'm the only person who actually WANTS more "Bitcoin to crash to $2,483" right now. sgbett, and Bitcoin flat-earthers, please start doing your rain dance, and pray hard. I'll be placing some low bids.

Funny how everyone seems to trash sgbett, even when he called almost the exact bottom of the last bullrun already on 7th of December 2017. In a different thread we would call a person with his price prediction skills "Master". 

Rereading the first few pages of this thread gives a mild reality check. Hopefully we will all be better at realizing some profits in the next(this?) bullrun.

Reminder: I'm hyper bullish on Bitcoin and I totally can't understand how a smart person could ever be aroused of gigamegs blocks. But still trying to be open-minded and friendly(!).

Exactly... still waiting for that magnificent bottom that is going to be "inevitable."  We are surely "on track."

Thanks sgbett and other diptwats for these nonsensical bottom calls that have allowed smarter peeps to continue to accumulate BTC over the past few years.

Yeah, I can't wait for Bitcoin to slide 80% in the middle of a bull market after coming out of first a bear market that didn't go that low and then a  a global all-market crash that didn't go that low either  
We should all probably just sell everything now at $12k and set our buy orders for $2500 in 6 months and get those lambo preorders ready.

I remember laughing at this thread (its creation) a lot over the past couple of years. It gets even funnier as time passes.

Only half year left to go. This bottom will be magnificent. Banks will be full of cheap loans ( hopefully with negative interest rate) for us to fill our bags with cheap Bitcoin. 

I'm disappointed you asked for trouble and no one's tried to give it yet;) Enjoy, I'm looking forward to an end-of-year break too. Then it'll just be me, the forum, bingeing solo and sleeping a lot.


Will we though? The only time I was ever sure of the direction we were headed for was 2018. I mean, of course, it had to go down at some point after all that heat, but really, I'm never sure one way or other where we're going, especially not right now since April!

Will admit, always fun looking back. I'm pretty sure if $1000 happens like them doomsayers say, I'll be happy to come by anyway and say "oooh, I'm still here!"

Why must it do that? And how would you determine its "base utility value?"

BTC fundamentals can't be quantified into price. Furthermore, fundamentals and price don't need to be equivalent.


Both retail and institutional investors are increasingly entering the crypto market, with BTC being the investment of choice.
https://www.fidelitydigitalassets.com/bin-public/060_www_fidelity_com/documents/FDAS/institutional-investor-study.pdf
https://cointelegraph.com/news/number-of-americans-owning-crypto-doubled-in-2019-finder

Matthecat was an object lesson in someone with the ability to not get ahead baked into their DNA.

He got in at $10 and spent it all on drugs. Then he came back in the hundreds and published several miles of TA and trades accompanied by many more miles of abuse and got it wrong every single time.

I seem to remember him insisting it would reach $1500 some day and then that would be that. He would regularly pity us while failing over and over again.

2021 will likely be more the year of action more then this so hibernation is reasonable

I always think going sideways is something of a positive, price stability encourages business but it just moves more later I think.   I'm not sure why it does this but BTC gets stuck in a range and nobody is right bullish or bearish till it breaks and confirms the break.



People did capitulate in March so isnt this a valid bottom, some poor soul in the observer thread keeps getting called despite there obviously being many more but lots of people just need to see a lower price and nothing else and they are gone at the worst time.    Selling BTC on greater distance requirements for payment and isolation really doesnt make sense anyway, it was just a margin call on some who go long using leverage.   Now BTC is in main markets and I see it on the front page of most FIAT trading services, its a given hot money is in the price.   It should rise alot because going short a 'nothing' product is attractive, so shorts panic and it can spike ditto the opposite.   Thats just short term, you must be making a longer term call for a sustained bottom price if you refer to the mt gox. high.   Is Mt. Gox that relevant now, people warned me about that place months before it toppled it was a known thing beforehand that something was wrong so what relates to that now.

Rings a bell yea but anyone round this long, 10 years or however long has an advantage of perspective that others lack and suffer for like the March seller had likely not seen this action before or been holding during it anyhow.

No its a resource, a secure transaction that in this world has a worth to it.   There was this conversation in 2013, why did no tech fund even consider 0.01% investment into crypto as the maths was valid, the system was working ongoing but still it merited no consideration by the mainstream initially because its not real.    I read an article saying the other day its just another form of FIAT with different transaction processing.   Either way its nature is different enough to give an ongoing worth in a world of centralism and failed capitalist ideals.   If the global reserve system didnt have a chance of falling over, the correct price might be in the hundreds and it wouldn't be a bad thing as dollar itself would buy more at that point also.  Part of the BTC price is accounting for inflation and failure in alternative value systems, some of it is predictive.   The biggest danger is in competition but at present this is a valid product amidst many failing and failed standards of worth.   It could be the charts dont matter but the fundamentals and deflation and inflation will break all trends.

Enjoy your time sgbett! The good thing is, that we will know in a year in what direction we're finally heading. And that's always lots of fun comparing reality with old ideas. For me speaking, I'm on the opposite side of your trade.