Since we're posting stuff, how about this prophetic audio about the China credit market bubble. Pretty chilling.
https://www.youtube.com/watch?v=GMirYfqXIPM
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17231. (Read 26607973 times)
May 16, 2017, 01:13:48 PM
May 16, 2017, 01:08:02 PM
Well, if anything has to eat BTC's lunch it's going to be a far more nutritious meal for everyone if it's LTC rather some pathetic poocoin.
Maybe there should be some, like, negotiation going on by now.
May 16, 2017, 01:04:12 PM
What's this ?
Bitcoin appears to be attempting to break out of its consolidation lane early. It's supposed to reverse down and re-stest a bit more of the triangle apex. There are eager buyers with orders down there who have been promised by market tradition that they may be allowed to hoover up trimmings off the table towards the end of the current packing phase. They will be severely upset not to get their served their usual porridge.
But Bitcoin/USD does not seem to have the patience for such quaint market protocols. It's eager to make progress.
Let us follow events with interest.
May 16, 2017, 12:18:24 PM
This isn't like a public company, where the market cap is approximately the price to buy the entire company. You cannot buy all the bitcoins.
Sure you can.
Well, no. You can't Buy All The Bitcoins. For the price will go through the roof the more you buy. However, in this manner, it would be exactly like trying to buy an entire publicly traded company. Why anyone would think this not similar is mystifying.
May 16, 2017, 12:09:30 PM
total mkt cap of crypto (available supply) will approach 100 bil $ soon imho
Market cap of crypto is a totally meaningless statistic. This isn't like a public company, where the market cap is approximately the price to buy the entire company. You cannot buy all the bitcoins.
Sure you can.
You can't buy mine.
May 16, 2017, 12:00:11 PM
total mkt cap of crypto (available supply) will approach 100 bil $ soon imho
Market cap of crypto is a totally meaningless statistic. This isn't like a public company, where the market cap is approximately the price to buy the entire company. You cannot buy all the bitcoins.
Sure you can.
May 16, 2017, 11:59:42 AM
4-Hour MACD now punching through. Lets see if it pulls the 6-hour with it.
Bitcoin trading bootifully into a nice tight triangle prior to breaking out of this, the first of 4 resting points on the way to $10k Bitcoin.
May 16, 2017, 11:49:09 AM
total mkt cap of crypto (available supply) will approach 100 bil $ soon imho
Market cap of crypto is a totally meaningless statistic. This isn't like a public company, where the market cap is approximately the price to buy the entire company. You cannot buy all the bitcoins.
May 16, 2017, 11:37:49 AM
look, there are new hedge funds forming with big money to invest in crypto - they won't put it all in BTC, so diversification makes sense
I think the hedge funds will pump coins to high levels - but I know the hedgies short as well, so taking profits along the way will be prudent
I think the hedge funds will pump coins to high levels - but I know the hedgies short as well, so taking profits along the way will be prudent
You're only proving the point that newbs have been duped by false "diversification", lol. Let's check back next year and see how that worked out, shall we?
Obviously if the Bitcoin price goes up dramatically in a year you'll be laughing at people who diversified even at the right time, but that wouldn't mean they were wrong to do so. The actual risk:reward ratio of keeping all your money in Bitcoin might have been terrible.
yeah, I mean if 25x to 50x baggers mean you have been duped, sign me up
May 16, 2017, 11:33:07 AM
look, there are new hedge funds forming with big money to invest in crypto - they won't put it all in BTC, so diversification makes sense
I think the hedge funds will pump coins to high levels - but I know the hedgies short as well, so taking profits along the way will be prudent
I think the hedge funds will pump coins to high levels - but I know the hedgies short as well, so taking profits along the way will be prudent
You're only proving the point that newbs have been duped by false "diversification", lol. Let's check back next year and see how that worked out, shall we?
Obviously if the Bitcoin price goes up dramatically in a year you'll be laughing at people who diversified even at the right time, but that wouldn't mean they were wrong to do so. The actual risk:reward ratio of keeping all your money in Bitcoin might have been terrible.
May 16, 2017, 11:29:19 AM
anyone think the ETF has a chance this time for approval?
May 16, 2017, 11:02:23 AM
look, there are new hedge funds forming with big money to invest in crypto - they won't put it all in BTC, so diversification makes sense
I think the hedge funds will pump coins to high levels - but I know the hedgies short as well, so taking profits along the way will be prudent
I think the hedge funds will pump coins to high levels - but I know the hedgies short as well, so taking profits along the way will be prudent
You're only proving the point that newbs have been duped by false "diversification", lol. Let's check back next year and see how that worked out, shall we?
let's do it
hopefully we will all be rich with either BTC appreciation, alt appreciation, and ideally both
May 16, 2017, 10:59:39 AM
look, there are new hedge funds forming with big money to invest in crypto - they won't put it all in BTC, so diversification makes sense
I think the hedge funds will pump coins to high levels - but I know the hedgies short as well, so taking profits along the way will be prudent
I think the hedge funds will pump coins to high levels - but I know the hedgies short as well, so taking profits along the way will be prudent
You're only proving the point that newbs have been duped by false "diversification", lol. Let's check back next year and see how that worked out, shall we?
May 16, 2017, 10:54:47 AM
look, there are new hedge funds forming with big money to invest in crypto - they won't put it all in BTC, so diversification makes sense
I think the hedge funds will pump coins to high levels - but I know the hedgies short as well, so taking profits along the way will be prudent
I think the hedge funds will pump coins to high levels - but I know the hedgies short as well, so taking profits along the way will be prudent
May 16, 2017, 10:47:42 AM
Good morning Bitcoinland.
Still consolidating in a nice pennant... currently $1765USD/$2400CAD (Bitcoinaverage).
After last week's advances and correction, a few days' rest doesn't hurt at all.
Still consolidating in a nice pennant... currently $1765USD/$2400CAD (Bitcoinaverage).
After last week's advances and correction, a few days' rest doesn't hurt at all.
May 16, 2017, 10:44:17 AM
total mkt cap of crypto (available supply) will approach 100 bil $ soon imho
makes sense to be diversified in BTC and Alt - even if alts crash...how soon we forget that BTC crashes very hard as well
makes sense to be diversified in BTC and Alt - even if alts crash...how soon we forget that BTC crashes very hard as well
Indeed. Diversification is the key to wealth creation. No market is immune to crashes (we all know this lol), and alts in moderation can help mitigate the larger drops.
May 16, 2017, 10:34:27 AM
total mkt cap of crypto (available supply) will approach 100 bil $ soon imho
makes sense to be diversified in BTC and Alt - even if alts crash...how soon we forget that BTC crashes very hard as well
makes sense to be diversified in BTC and Alt - even if alts crash...how soon we forget that BTC crashes very hard as well
May 16, 2017, 09:59:26 AM
I think that the whale pumpers have just about squeezed all of the 'free ride' they can out of the alts. Now that XRP (the pinnacle of shitcoin) has finally been pumped, there are literally no more alts that anyone might care about to pump. Unless they're saving Auroracoin, Feathercoin, or Maxcoin for the last hurrah? Lol
And all those hapless newbs over in Altlandia are finally starting to realize that their special snowflake alt-du-jour is not so special after all. I think the lightbulbs are starting to come on that they've been completely duped.
And all those hapless newbs over in Altlandia are finally starting to realize that their special snowflake alt-du-jour is not so special after all. I think the lightbulbs are starting to come on that they've been completely duped.
We're down to something called Game today. They're scraping the barrel for sure.
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