Topic: Calling top at $16500 (Even Newer!: $2483 bottom 19 Feb 2021 MtGox said so!) - page 5. (Read 24301 times)

OR, why not plainly admit that he was simply WRONG, and that all this topic is actually about is to spread FUD about Bitcoin, and promote his forked-shitcoin-from-a-forked-Bitcoin-shitcoin.

Hopefully in a month time we will get new prediction out. Wonder if it will be a bottom call or a top call. Maybe we will be lucky and will be both. Bottom and top.  Or even two tops like we had in 2013 cycle.  That would be fun.

Looking forward to viewing this event. 

Congrats to Sgbett on being ready, willing and able to execute boldness.

 

I just spoke with his publicity manager and he assures me sgbett has agreed to be whipped in the nuts by a cricket ball in a sock on national TV if his February prediction doesn't come true. We've already signed the contract, so it's a done deal.

What will you do if the BTC price don't crash down to sub-$3k in Feb as you forecasted?  Will you dare to eat your own c**k live on TV like John McAfee said in 2017? 

The FCA “ban” is purely for crypto derivatives and even then only for “non-professional” investors (what ever that means) - buying/selling/owning crypto is still perfectly legal in the UK.

Yep.... I agree with you about those points, exstasie... and surely sub-$20k is within the a reasonable realm of corrections that could happen, but sometimes it is seeming that even that those levels of prices might not be witnessed again... but never say never in bitcoin.. even when the odds are seeming to be quite on the low end and the momentum is still a bit tilted still in the other direction (meaning UPpity)..,. but sure momentum can change, and when such momentum does change there are going to be whales (and even retail piling on) that will try to take advantage of such changed momentum to push the BTC price as low as they can and to keep it in a low kind of state for as long as they can... but we surely do not appear to be at any point, currently, where there are clear signs of such a momentum change.. even if there has been a wee bit of a pause in the recent UPpity.

LOL. BTC finally shakes the trees a little bit (after pushing new all time highs for weeks, mind you) so of course you had to troll us with your doomsday prediction. How Dr. Doom of you.

Sub-$3K is over. Sub-$10K is over too. Sub-$20K? Probably that too, but let's see. It's still within the realm of possibility.

Oh gawd... 

I see that you are still full of hopium for some kind of pie in the sky blackswan-type event,... and even if such a very unlikely thing were to happen, you would just end up getting lucky in your guess based on some kind of random event rather than any actual meaningful predictive power in any of your ongoing spouted hopium-filled foney baloney.

 

What's your explanation for $2483 in Feb 2021?  What do you mean by "MtGox said so"? 

Btw, as far as the FCA ban going into effect on Jan 6, does that mean UK residents won't be able to buy crypto (legally) at all?  How would they enforce that besides blocking exchanges/access online?

Happy new year degenerates!

C'mon February ... I believe in you!

You are indeed correct!


I guess now I just have to call the top again

See the bit I bolded in their message to you (quoted in your post).  I am certain it just means you cannot buy any more, unless you are a "professional investor" of course ...

Hmm, I read this as they have to remove it from the 6th Jan...


But I see your point!

It's in a SIPP so there is no tax to pay on gains, it gets taxed as income when I draw it down and it can be bequeathed tax free in UK if I die!

I've messaged them and asked them what happens on 6th!

There is no last day you can continue to hold the investment (or sell it) you just can’t buy any more.

Though I agree it’s a daft decision, especially as HMRC don’t treat the gains as gambling winnings (which would be free of tax) but as Capital Gains (and therefore taxable).

Well, the time has come to go full BSVtard, my SIPP provider just sent me this message:


I'm so grateful that the FCA are looking out for me by protecting me from outlandish returns

Anyway this is my only remaining exposure to BTC, so once I sell this I'm going to have to have fun staying poor.

You know what the hugest irony is?... The XBT position in my SIPP is actually larger than my BSV holding in USD terms because of the relative price movements lol.

So the question is - do I sell now or HODL until the last day... decisions, decisions!

Thank you for your words! Yes, it's unfortunate but such is life, and one must bounce back, to kick another day.

Couldn't agree more with McCormack and his cut of cloth -- I generally quite like maximalists, but also generally those who aren't self-professed. Can't put the blame fully on him and them though, if flocks of others follow as they always will follow someone. The last time Bitcoin got this high, some poor sod in the Mid East took out bank loans he eventually couldn't pay off, lost his job, etc. etc. And this was a single guy. There will be people putting up their kids' college funds because of this induced influencer fomo. Irresponsible, careless, misguided. sigh.

But oh yeah. Happy 20k. Spending some of mine for Christmas to get some joy out of this!

I absolutely respect that approach - I'm s strong advocate for personal accountability! Sorry to hear you are in the vulnerable group. Hopefully you'll be on the right side of the statistics.

I'm exactly the same when it comes to Bitcoin, "dont invest more than you can afford to lose" gang. McCormack posting about taking out a $50k loan to buy BTC on twitter is the height of irresponsible imho, not because it isn't right for him, but cos suckas gonna follow him! Even if it pays it doeasnt mean it was the right thing to do. Hey ho.

20k breached nicely, lets see where it goes. February is just around the corner *sweats profusely*

I was certainly entertained, thank you. We're probably in the same age bracket, definitely in the same generation, and maybe just separated by geographical circumstances but I can give credence to some of your opinions on Covid -- I won't share my complete views, I am forced to take a conservative approach that personally believes I am as vulnerable to it as any other virus, but also that some in my family could be more vulnerable. This is tempered by the fact also that I have one young mid 20s colleague who caught it and was fighting for his life at some point, and that I lost another to it, not much older than me.

Where I live as well, last year actually was its record high from flu-related deaths, in fact it broke a previous record made in the second world war. And there was nearly not enough panic registered, compared to Covid.

I suppose I apply the same conservative and balanced approach with Bitcoin. Personally, I'm with it with all my heart, but can't afford to practically "go all in" because of others around me who expect and require some predictability with financial matters.

I was born way before the 90's

COVID is a mass delusion, fuelled by mainstream and social media's insatiable appetite for controversy.

I have no doubt there is a real virus out there, I have no doubt that sadly many people have died from it. However when this is put into perspective, it is just A.N.Other virus passing through.

I'm incensed at the way governments have leveraged the opportunity to pass legislation that curtails individual freedoms. Even more so at the way the general public has cheer-lead them all the way through.

That's not even the controversial part!

Virologists readily admit that they still have very little understanding of the human virome. In fact its estimated that there are some 380trillion viruses in each and every one of us. The state we call "healthy" is the emergent property of these viruses interacting with all the other aspects of the human biome.

Viruses aren't malicious entities hell bent on killing humans. Indeed this particular virus does its work - it gets in the lungs and cleans them out. Unfortunately some people are already so broken by age, ill-health, or maybe even just bad luck that in doing its work their immune system shuts them down (the cytokine storm). Covid is at the scene and everyone agrees its a deadly virus that most be stopped at all costs case closed.

(this is similar to how cholesterol got maligned because it was present at the site of atherosclerosis - latest research suggest that actually the cholesterol was the thing trying to the fixing! who knew?)

What is that virus doing in the body of those that are lucky enough not to die from it (thats most people btw). What if its doing something beneficial (its certainly stimulating the production of antibodies, t-cells). If it is then all measures intended to stop people contracting it are actually preventing people from the benefits. COVID mortality by age is not particularly different from all cause mortality.

Numerous studies have shown the link between prior flu-season severity and subsequent covid severity. World Health organisation recently published its annual flu numbers, mysteriously this year there have been relatively speaking no flu deaths. (I forget it was 2 digit number, down from 5digits in every previous year the report covered).

I'm not entertaining conspiracy theories about it being a hoax, or bill gates trying to chip everyone etc im looking at the evidence from around the world, ignoring popular opinion and finding my way to the truth of the matter.

That's my method. (and its been my method for 10 years on Bitcoin related matters!)

Hope you were entertained.

I dont think much about those emails, perhaps they are real in which case the timestamp thing is a curiosity. Suspect its a CoinDesk sideshow designed to try and cast more doubt.