Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13657. (Read 26715026 times)

For reasons like this, I continue to conclude (personally) that leveraging is not necessary, especially in bitcoin.  In bitcoin we are lucky to experience outrageously stupendous returns, and I we do not need to leverage in order to achieve such outrageously stupendous returns on our investment. 

Accordingly, if you just invest regularly, then the most that you can lose is 100% of what you put in - but if you employ leverage (especially using the margin trade vehicles supplied by exchanges), you not only can lose your 100% more quickly, you also lose it way faster, which causes a kind of magnification that if you employ 4x leverage than you can lose 400% - something like that.  Therefore, I still consider any kind of leveraging to be too far into a "gambling" rather than "investing" category, especially with bitcoin.

Actually, it is backed by the trust in it by the public. Once that trust evaporates, it will be worth nothing and war will not be possible. War is only possible with the consent of the public, either through awareness or manipulation of awareness.

+1WOsmerit

I think the big Mt Gox Bear-Whale and friends caused the 10-30% spikes.

Now we have smaller bear-whales splashing around.

Soon the bulls will take over.

 The only justification could be that the process described liquefies assets into money that can be used to fund buildup of means of future production.  In theory it’s a zero sum game with the money lent out returning at some point as repayment and thus disappearing from existence.

In practice, however, the loans in general are not repaid but rolled over into eternity at increasingly higher sums. This supported by continuously lowering interest rates artificially suppressed by central forces.

A perpetual debt machine with no intention of ever paying back the full outstanding debt.

A monster is what we have created.

You and many others in this thread are basically saying
"Fractional Reserve is shit"

Let's not forget it's backed by Proof of War.

On topic and good points.

It is likely that propaganda funding is causing a considerable deal of the lightning misinformation, but in the end, it is also likely to work out in the wash because the better tech is going to prevail, and those of us investing into bitcoin have decent insight as to what is the better tech and we are able to buy and accumulate our coins for cheaper based on a lot of normies getting distracted either to sell their BTC or not to buy BTC based on such misinformation.

BOTTOMS will come frome higher and higher hights and every time we will need to stand our ground harder and harder
the price dips will be exxxtremer and exxxtremer      

Good to maintain targets and plans for even extreme scenarios that might not happen.  Surely, preparing for below $5k is less extreme than preparing for below $3k but it remains a good practice psychologically and financially to prepare for both.

$6000 seems to be established as a fair bargain basement price by both bulls and bears and even miners apparently. We have achieved equilibrium price discovery, not just once, but like 5 times since October of last year, give or take $500.

Anything below the bears generally agree is too greedy and the bulls consider a steal.

But there is some serious Grade A manipulation going on. FUD is being slung around like monkey poop fresh outta Bill Gates and Warren Buffett's decrepit simian asses. Sometimes it sticks, sending Korean tourists, YouTuber potato heads, and Tweaking Twitterites screaming for the exits.

The most damage this FUD has done since (dare I say it?) the "capitulation" on Feb 5 is 5-10% intraday trading. Around $500-600 intraday swings at most.

Prior to Feb 5, we were seeing intraday swings as high as 30%. We're talking like $4500 in one day! Many days were well over 10%, equating to at least $1000 at the time. It's a freaking snooze fest in comparison.

So far, the FUDsters have tried squirting manipulation FUD, sharting Tether FUD, and are currently honking for clearance while constipated with a big ol' meal of regulation FUD. Mt Gox has been hotboxing us with silent but deadly FUD for months now, but most of our olfactory bulbs have long since burned out. Hacked exchange FUD is the most regular of all, sustained by a healthy diet of shyster/ignoranus FUDfiber(tm).

As much as everyone is watching, waiting, hoping for a clear sign from Satoshi himself "THIS IS THE BOTTOM", the truth is the FUDsters have run out of effective FUD. Even Roger Ver himself, the king of bullshit, a giant walking colon, can only shit so much, right?

What more can the bears possibly fling at us? Am I missing some super potent 10x epic hangover evacuate the building and whatever you do don't light that match FUD? Something that would truly shake hodlers to their very core that we haven't already seen a dozen times?

It's a fucking zoo out there this summer, peeps. Watch out for the monkey poop.

Good morning all.

Some legacy market news for your viewing pleasure before we move on to bitcoin. The softening Chinese economy might indicate another upswing of interest in crypto from that sector as capital seeks shelter.

I found this article informative as well. Captain Kirk is onboard. Mewn confirmed.  
https://cointelegraph.com/news/new-solar-powered-crypto-mining-outfit-blasts-off-backed-by-star-trek-s-shatner

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Bitcoin

1h
Market consolidation has continued overnight with bitcoin retracting to just below $6.4k and is looking for support in that area. Most alts are back in the green now after a serious sell-off yesterday indicating we might have bottomed out locally.


4h
Is that a small bat signal way up high? Small break in the clouds approaching, looks like a test of resistance in that area.


D
Support hodling. MACD slowly turning upwards. RSI still oversold.

#dyor

This makes no logical sense (although it is taught like this in universities). Money is supposed to represent production. It can only originate from production. Creating money to "represent" debt or future production is literally creating money "out of nothing". This is the problem with the current system, it is backwards and only exists because it allows governments and corporations unlimited power to steal from producers.

Real money can only be created out of production and only after this has happened, can it be borrowed to create debt, not the other way around. The current monetary system is not real money, it is a house of cards built on decades of mind-fucking the public. There will be an awakening.

also...peaked pretty much precisely when we would have to pay the absolute most taxes on it...fishy man

All you have to do is say what people want to hear. They will listen to anyone if they do that.

It is pretty disturbing for me that anyone is paying attention to my deranged ravings ...that was over a month ago...are you my personal FBI man?

Interdasting.

While I was trolling on EOS bitcointalk thread about John Oliver show, I noticed some familiar names which are heavily invested in EOS, e.g. FractalUniverse:and this is a recent post here on WO
The conlusions I leave to you. Just don't trust the fake bears anymore!

Looks like someone is worried he's about to have a dick sandwich.

I can't stop now buddy cause the market is already flooded and one thing is sure and the thing is , it will never go below $6000 but there's 70% possibility that there will be change next week though.

I had to study that technical analysis for a bit longer than usual

Newly printed money created from debt than can never be paid back is the very definition of "out of thin air".

It's a snake eating its own tail.