fomoulation: the age of green dildos is upon us

palle11

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Quote from: Obito on August 12, 2021, 01:55:32 AM

I do hope that this run won't end prematurely because I observe that when bitcoin goes up in such a fast pace, it's always followed by really long bear or red candles that could last for months.

For now we may continue seeing the high flashes of green than it goes down because there isn't any FOMO around bitcoin now, the recent news have been on adoption and that may continue that way for a longer time until it changes. A little drop today showed up but that is nothing to compare to the gain of 72 hours and last week. Is a new wave of bull and altcoins following up.

sana54210

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Quote from: Obito on August 12, 2021, 01:55:32 AM

Can we stick to candles? Calling them dildos have some sort of silly sound to it and a naughty one too. I do hope that this run won't end prematurely because I observe that when bitcoin goes up in such a fast pace, it's always followed by really long bear or red candles that could last for months.

Everything in the current world is about being viral and good marketing, even the silliest things could get the most insane profits, some idiotic video on youtube about a tiny baby biting on his little brothers hand and little brother saying "charlie bit me" could get millions upon millions of views. So, if you call it candlesticks then yeah you could get some attention, green candlesticks means that we are profiting and that is good, and is something we will be happy about.

However, if you call them green dildos, that is a lot better marketing and a lot more ready for a viral situation that gets everyone tweeting about green dildos, which in return means hype about it, which means higher prices. I doubt that it will end anytime soon, we are on the verge of breaking ATH with just one more push the same way, if we have another %50 like we just had, that is breaking ATH, and quite insane to think about.

Obito

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Can we stick to candles? Calling them dildos have some sort of silly sound to it and a naughty one too. I do hope that this run won't end prematurely because I observe that when bitcoin goes up in such a fast pace, it's always followed by really long bear or red candles that could last for months.

Baofeng

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Quote from: tygeade on August 09, 2021, 02:45:16 PM

45-46 thousand dollars is a big deal, but it is also a risky level, if we can continue to go up, that means 50k+ will be piece of cake, there isn't much resistance between 47k to 50k+ for example, so if it reaches over 47k then it means it will probably reach over 50k as well. These type of small details matter a lot, and with every single move we are getting ready for a bigger move.

There is some resistance to $47k as it seems a hard barrier to break right now. And the resistance to $50k will be much greater as we all know that this whole number price are what speculators are looking for.

Quote from: tygeade on August 09, 2021, 02:45:16 PM

However same goes for under 42k as well, if we go under that level, the support is quite weak, incredibly weak even, all the way to 30k there is absolutely nothing that can keep the price high, and it will keep going down. Only way to prevent that would be to stay around these prices for longer and longer so that we can establish the strong price at these points. In the end we need time, that's all we need for both directions, as long as we have time then we can know more about the future.

I'm not gonna say that it is weak, the support level is there, it's that when we reach that price, many have panic, specially newbies that's why the price will simply go down despite the support. But after a couple of days, the support will be established again. And that's where the very definition of fluctuation sets in for crypto market.

BuNga_cute

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Quote from: Yaunfitda on August 09, 2021, 11:59:53 AM

Quote from: BuNga_cute on August 09, 2021, 08:47:02 AM

This week Bitcoin has had an incredible move, imagine finally making it surprisingly high up to $45k. This is a good start with quite a shock for
Bitcoin to return to $45k, which is very difficult for many to imagine. With Bitcoin's performance this week, a sign Bitcoin will return to the next
resistance price, possible in the near future the target of $50k is likely to be achieved. So don't be too quick to sell the Bitcoins we have,
we just need to be patient right now holding Bitcoin that we have.

I don't think it's difficult to hit $45, specially if there is FOMO. We have seen it before, the problem as pointed out by @BrewMaster is that there are fight in the middle, manipulators wanted to bring it down, while average joe and regulars traders, which the majority is coming, wanted to keep the price to go up. That's why the price goes in the middle, at $43k. But then again, FOMO is hard to stop once the engine gets hot, so the push again to $45k.

Bitcoin's increase of 15% in 7 days has actually answered our doubts where Bitcoin will move. Like you said FOMO has already happened and it seems
quite difficult to stop, so it's just a matter of time for Bitcoin to go higher. Moreover, if it is helped by good news, the possibility of Bitcoin's increase
can be even more drastic, because good news can encourage FOMO. So I see Bitcoin is on the right track now.

tygeade

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45-46 thousand dollars is a big deal, but it is also a risky level, if we can continue to go up, that means 50k+ will be piece of cake, there isn't much resistance between 47k to 50k+ for example, so if it reaches over 47k then it means it will probably reach over 50k as well. These type of small details matter a lot, and with every single move we are getting ready for a bigger move.

However same goes for under 42k as well, if we go under that level, the support is quite weak, incredibly weak even, all the way to 30k there is absolutely nothing that can keep the price high, and it will keep going down. Only way to prevent that would be to stay around these prices for longer and longer so that we can establish the strong price at these points. In the end we need time, that's all we need for both directions, as long as we have time then we can know more about the future.

Yaunfitda

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Quote from: BuNga_cute on August 09, 2021, 08:47:02 AM

Quote from: Dave1 on July 30, 2021, 09:10:26 PM

^^ We are in the turbulence phase right now, as we are about to break into $42k, (or if might have been broken already.)

So still there is a positive movement as we enter weekend, another week of positive movement during Sat-Sun. But the bigger move should be expected by Monday Aug 2 as we are on a momentum build here targeting $44k-$45. Short term we might be looking $50k tops and then let's see how it goes.

This week Bitcoin has had an incredible move, imagine finally making it surprisingly high up to $45k. This is a good start with quite a shock for
Bitcoin to return to $45k, which is very difficult for many to imagine. With Bitcoin's performance this week, a sign Bitcoin will return to the next
resistance price, possible in the near future the target of $50k is likely to be achieved. So don't be too quick to sell the Bitcoins we have,
we just need to be patient right now holding Bitcoin that we have.

I don't think it's difficult to hit $45, specially if there is FOMO. We have seen it before, the problem as pointed out by @BrewMaster is that there are fight in the middle, manipulators wanted to bring it down, while average joe and regulars traders, which the majority is coming, wanted to keep the price to go up. That's why the price goes in the middle, at $43k. But then again, FOMO is hard to stop once the engine gets hot, so the push again to $45k.

BuNga_cute

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Quote from: Dave1 on July 30, 2021, 09:10:26 PM

^^ We are in the turbulence phase right now, as we are about to break into $42k, (or if might have been broken already.)

So still there is a positive movement as we enter weekend, another week of positive movement during Sat-Sun. But the bigger move should be expected by Monday Aug 2 as we are on a momentum build here targeting $44k-$45. Short term we might be looking $50k tops and then let's see how it goes.

This week Bitcoin has had an incredible move, imagine finally making it surprisingly high up to $45k. This is a good start with quite a shock for
Bitcoin to return to $45k, which is very difficult for many to imagine. With Bitcoin's performance this week, a sign Bitcoin will return to the next
resistance price, possible in the near future the target of $50k is likely to be achieved. So don't be too quick to sell the Bitcoins we have,
we just need to be patient right now holding Bitcoin that we have.

BrewMaster

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There is trouble abrewing

we've had an interesting week so far. there seems to be a fight between the market manipulators and the rest of the world and the manipulators are failing an losing money in the process.

here is FOMO dildos one after another:

Dave1

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^^ We are in the turbulence phase right now, as we are about to break into $42k, (or if might have been broken already.)

So still there is a positive movement as we enter weekend, another week of positive movement during Sat-Sun. But the bigger move should be expected by Monday Aug 2 as we are on a momentum build here targeting $44k-$45. Short term we might be looking $50k tops and then let's see how it goes.

STT

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Good amount of momentum I would call that, when it just stacks up green daily bars its unusual because a pullback is to expected especially before weekends.

My guess here is we can move towards the 200 day average as part of a wider range to mirror the 50 week average both of which are yearly averages in different perspectives but perhaps useful divergence to border this lower action. 200 day in this case is far more bullish but theres enough positive traders on board then it can happen near term even, we have a much weaker dollar recently I noticed which greases the rails no doubt.
I'd advise caution reentering orbit on Sunday into monday thats when main market bets come back online and can mean some sells. If it gets past that turbulence then possibly we do get 44k or similar which is really extreme movement and growth from lows out of nowhere almost.

Tytanowy Janusz

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Quote from: el kaka22 on July 28, 2021, 10:30:43 AM

One sort of people earn from this, well aside from the whales who create these conditions : long term investors.

Long term investors don't earn on short term volatility. And short term volatility is what this topic is all about. And pretty much you said it by yourself in next fragment of your post saying that you, as long term hodler, don't care about whales manipulations.

Quote from: el kaka22 on July 28, 2021, 10:30:43 AM

So I do not care if the whales want to manipulate it to make it bad,

So first part of your post contradicts the next part of your post.

el kaka22

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Quote from: Tytanowy Janusz on July 27, 2021, 08:32:35 AM

If amazon accept btc was a fake news, and they corrected it at the 40k price target means that their goal is not to "desperately trying to keep the price from going up". They would not create fake bull news before. It means that their goal is to drive market price right where they want it to go ... meanwhile shaking out professional traders. Short/long ... everyone. If chart is unchartable, price moves hysterically based on fake news, pro traders stops trading. Gamblers always stays to lose all money on high, random volatility. Characteristic in key moments on BTC either before bear market start or bull market start.

Recovery is nice... I agree. Its not like I'm sure about this 30k retest. I just don't like how market moves hysterically based on news with negligible long-term value. It usually doesn't end well

One sort of people earn from this, well aside from the whales who create these conditions : long term investors. People like me who keep on buying and putting some aside will earn no matter what, it doesn't matter if it goes down now, it doesn't matter if it goes up later, only thing that matters is how much money you can make from it in the future, if you have a price point of let's say 200k dollars per bitcoin, then you can wait for it, maybe it will hit that in a year, maybe in 5 years, you can accumulate more and more in the future until it reaches there, if you think it will be 200k, then buying at 190k won't be a problem, so keep on getting more and more, same goes with other coins as well.

So I do not care if the whales want to manipulate it to make it bad, I do not care if they make it good, only thing I care about is the fact that we could make a good profit in the long term, even 64k didn't excite me, because I know it can be 5x more than that in the future.

Tytanowy Janusz

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Quote from: BrewMaster on July 27, 2021, 08:16:44 AM

it was an orchestrated FUD to start the negative news right as price hits $40k. it wasn't some random coincidence, they are desperately trying to keep the price from going up but the momentum is still strong so all they could do was to postpone the rise and we are headed for $40k again.

If amazon accept btc was a fake news, and they corrected it at the 40k price target means that their goal is not to "desperately trying to keep the price from going up". They would not create fake bull news before. It means that their goal is to drive market price right where they want it to go ... meanwhile shaking out professional traders. Short/long ... everyone. If chart is unchartable, price moves hysterically based on fake news, pro traders stops trading. Gamblers always stays to lose all money on high, random volatility. Characteristic in key moments on BTC either before bear market start or bull market start.

Recovery is nice... I agree. Its not like I'm sure about this 30k retest. I just don't like how market moves hysterically based on news with negligible long-term value. It usually doesn't end well

BrewMaster

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There is trouble abrewing

Quote from: Tytanowy Janusz on July 27, 2021, 02:06:52 AM

And dump 9% in 2.5h. Looks like this time "big company accept bitcoin" news was used like during 2017 bubble. After such strong rejection ... I think we may retest 30k once again.

you jump to conclusions very fast.
it was an orchestrated FUD to start the negative news right as price hits $40k. it wasn't some random coincidence, they are desperately trying to keep the price from going up but the momentum is still strong so all they could do was to postpone the rise and we are headed for $40k again.

Tytanowy Janusz

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Quote from: Tytanowy Janusz on July 26, 2021, 10:04:47 AM

Quote from: BitMaxz on July 26, 2021, 09:32:18 AM

Is it because of rumors about Amazon? I heard that they are going to accept tokens according to the news and I heard they are looking for crypto developers who has experienced on crypto payment gateway?

I hope it's true and let's see the price coming in few months.

Fun fact.

"Ebay is 'seriously considering' accepting bitcoin" https://finance.yahoo.com/news/ebay-seriously-considering-accepting-bitcoin-164410989.html

Guess the date.
...
....
12 december 2017 - right before final push from 15k to 20k ... right before beginning of 3 year bear market. After few months thay said that the demand is negligible and they give up on this idea. Hope that this Amazon news won't end up same way

Final push to catch last bulls into bull trap.

Damn. Didn't expect this post to age that well. Few ours after my post we see spam of articles "Amazon denies report of accepting bitcoin as payment" - https://ph.news.yahoo.com/amazon-denies-report-accepting-bitcoin-215220333.html

And dump 9% in 2.5h. Looks like this time "big company accept bitcoin" news was used like during 2017 bubble. After such strong rejection ... I think we may retest 30k once again.

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Quote from: BlackHatCoiner on July 26, 2021, 03:22:59 PM

But, why would the hashrate have anything to do with the price? Why would someone buy Bitcoin if he read an article that describes it became securer? One and a half year occupying myself with Bitcoin and still haven't understood these two terms' relation.

It's not only about the security.
The bigger the hash rate (actually the difficulty) the more work an ASIC must perform (more hashes to send) for the same reward.
While the hash rate dropped the remaining miners were getting bitcoin easier (i.e. also cheaper in terms of electricity consumption) hence they were on profit also if they sold cheap.

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Farewell, Leo

The only dildos I allow to make my day.

Quote from: BitMaxz on July 26, 2021, 09:32:18 AM

Is it because of rumors about Amazon?

Maybe that's the reason, but not the cause.

Quote from: NeuroticFish on July 26, 2021, 02:08:06 PM

Still, with the hash rate looking healthier, with the news, with the shorters getting rekt 3 times in a row and now with some new green dildos too... it may just be the time. I am somewhat afraid to hope too high, but I do hope that you're right.

But, why would the hashrate have anything to do with the price? Why would someone buy Bitcoin if he read an article that describes it became securer? One and a half year occupying myself with Bitcoin and still haven't understood these two terms' relation.

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Quote from: BrewMaster on July 26, 2021, 08:49:52 AM

this could be the beginning of seeing more green dildos indicating lots more FOMO to come.

There were quite a number of good news for the price that didn't have any effect. But they were piling up.
Was the critical mass achieved and the FOMO kicks in? I can't tell yet for sure.

Still, with the hash rate looking healthier, with the news, with the shorters getting rekt 3 times in a row and now with some new green dildos too... it may just be the time. I am somewhat afraid to hope too high, but I do hope that you're right.

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Quote from: BrewMaster on July 26, 2021, 08:49:52 AM

it is starting with the first green dildo appearing today surprising many users and showed a small sign of FOMOs starting again as price suddenly jumped up to reach 39k in less than an hour.

this could be the beginning of seeing more green dildos indicating lots more FOMO to come.

Hard to tell but most likely because community do commonly react when the price is starting to move out after that very long time of moving sideways which everybody is really on that hesitation on
making up a position.

It is just a matter of some initial movement to make up some trend and i dont see any news or sentiments that did really trigger out bitcoins price and it did just soar up even though on small percentage
but it is way more better than on previous weeks.

Green dildos? Lets hope for that it would happen in next days.

Topic: fomoulation: the age of green dildos is upon us (Read 234 times)