Topic: Why was $13,800 unsustainable? - page 5. (Read 1259 times)

"Thank you paid troll"

I'd rather be a paid troll (which I'm not) than a drooling, knuckle dragging, mouth breathing inbred like you.
$20.43 million per day to maintain what price again? where the everloving fuck did you get this moronic formula from?
Deep inside your ass is the answer.

The only thing that is necessary is time to return the price back to logical levels. You seem to focus entirely on the price of the coin vs looking at the reasons for the price of the coin. 13k required WAAAY too much continuous investment to maintain. Even a dumb person with my data could of seen that. @ 11,350 the bitcoin market will need $20.43 million per day to maintain good luck with that lol

Why would one promote this type of thinking? What makes sense to me is whoever manipulated the price upwards needs more liquidity. Without promoting fantasies about bitcoin they won't be able to make all the money they need to make.

If you want to see real data May's data is free on my site:

https://www.amsinger.org

Please check it out it is very important to understand how much your risk is,

Aaron

This is fundamental analysis not Technical analysis. Technical analysis is worthless in these situations. you can find actual analysis and data here on my site:

https://www.amsinger.org

Please do not troll with more nonsense technical analysis promoting what you want people to do with no data or awareness.

Thank you paid troll,

Aaron

P.S. Why else would someone spend the time to add this to a logic thread? lol

Any moron can draw a line between point a and point b. Where is your logic? Where is your data?

This thread was made with data explaining why it was unsustainable, and now you are trying to hijack it with your pretty chart pictures and nonsense.

You can find historical creation cost data here:

https://www.amsinger.org

Thank you paid troll,

Aaron

So you say, but my guess is that you aren't privy to complete information about the markets and what the miners are actually doing.  Unless you're a serious insider-bigwig (and you may well be, who knows), there's an awful lot of guesswork involved when trying to figure out how to play the crypto market. 

Bitcoin basically comes down to supply and demand, unlike the stock market where business factors have a huge influence on a stock's price.  But in that supply and demand there are myriad factors dictating demand--and to a lesser extent, supply.  I've always thought of it as an enormous multivariable calculus problem that keeps changing.  So your claims to use logic and numbers are laudable, I'm skeptical as to how much they can really help you as a trader.  But I could be completely ignorant and wrong.

As to the question posed in the title:  $13k wasn't sustainable because the price curve was way too steep.  Too much money poured in, too much speculation happened, and too much selling went on after bitcoin hit that mark.  The only way bitcoin is going to stick around at $13k or above is if the price/time slope is a lot more shallow.  The bitcoin market doesn't tolerate spikes very well, as you may have noticed. 

But hey, at least it didn't crash back down to $3000.  I'm totally cool with $11,350 (which is where it stands as I type this).

Do you have any data to support this theory? I think not, but if you do please share

Hodl died in 2018. Intelligent people read the market and buy low and sell high based on the creation cost which you can find here:

https://www.amsinger.org

What benefit do you get from telling people to hold forever?

Thank you paid troll!

Aaron

Where is your data backing this up? Did you fail high school geometry when you had to make proofs to prove your theory?

You have no data for this, you have no logic for this. Please provide some.

First of all, thank you Mr. Troll. Your need to research everything I've said proves your trollness and your agenda to promote high priced buys of bitcoin.

In everything I post I council risk awareness, which obviously you are disgusted by because you need to force an agenda.

I tell people to use data. I use actual analysis and data in all my posts, you have used nothing but fear mongering for an agenda.

I don't tell people to buy or sell, all I did was point out there was a massive amount of shorts at the 9-10k range, that you could of predicted by the miner activity and that generally speaking the miners aren't wrong very often. This is just the beginning of the fall.

I dont promote trades. I promote utilizing data and logic in your investments. Something you have an extreme hatred for for some reason (paid troll *cough *cough)

Thank you paid troll! I value you for your opinion

Aaron

I agree with that, the easiest thing to do is follow the trend so as of the last few months thats been entries long.   I made small trades short that rarely make much even when correct because price keeps checking back up higher.   Even if it falls harder you have to be present at that moment really


The majority of volume for people involved going back to 2017 was still sub 10k.   The rise above that was rapid and hence involved less people.   It could be said now we rise higher more easily because of that.
   I really did expect far more people to be in the 6k area to sell but I think many of these people had already bailed on the 3k test and so it was all oversold, surprisingly ready to bounce up after that.

Great analysis, I see no reason why shouldn't we visit 9.5k , looking at it from a different point of view using the





using only the 5 week moving average, notice how we always tend to correct all the way down to that MA , this time we were a bit too far and it only makes sense that we head back to where it is 9.5k - 10k  before taking off again.

as long as we are above the 5MA on the weekly, the moment should be fast to the upside , if we do close below the 5 week MA then we could correct all the way back to 8k.

overall, we are officially in an up trend, looking for good entry points is going to be more beneficial than trying to short the peaks, i expect many bear traps to come.

Same. I expected a much slower, sustained rise similar to 2015-2016. It just goes to show you that history rhymes but never repeats.

Here's a possible bear scenario where we take a much welcome breather. Maybe the OP's "clients" will be able to break even and get their coins back after all. Measured move off .618 to a confluence of trend and horizontal support. It would keep the parabolic advance comfortably intact, with time left for another leg up before the Litecoin halving in August. This would be such an awesome setup:

I'm stunned the price is $11k in June 2019. And very impressed.

Further after $13800 it'll be on the urge to reach the $15000 barrier which is why the $13800 looked unsustainable. To cross $10000 what the market suffered or experienced in terms of momentum, resistance level is very big. It took days of correction and finally marched crossing $10k.

To cross $15000 surely it is supposed to be strong enough and the same needs to be made possible through the price correction which keeps the market above $15000 sustain for a longer time period when the market correction takes place at the right point.

At least he added his address on his site so burnt people can go to his house.... 

The op is a complete tool, literally nothing he says is worth reading. This is a completely normal correction after an unsustainable parabolic rise. Hodl is the only answer if you want to be rich in a few years. If you want to be rich tomorrow, go buy a lottery ticket.

Ever thought about all the people who got burned during the last $10k-$19k?
Yes a boatload of people will be wanting to get off this rocket even at break-even...

This breather is good because we want the FOMO coming in as late as possible for optimal profits (>70k).
If bitcoin only goes up then we will start the FOMO too early and end up with only 30k per BTC.

You said price was going to crash from $9K and you strongly implied people should sell. Right here. Anyone can verify via timestamps what the price was.

A few key excerpts:


You "demonstrated" these things in June! LOL. No one is impressed by hindsight analysis.

You said you were short on June 13th. The price never went below the June 13th daily low after that post. It went all the way to $13,800 and still hasn't.

Every trade idea you promote is a losing one. Please stop selling shit here until you learn how to trade. You are only losing people money and you should feel bad for it.

Perhaps the exchanges had something to do with it, but what I am saying is naturally (in a vacuum) bitcoin must receive a specific amount of investment to maintain high prices over time. There is a reason 1k bitcoin was insanely huge prices during mt gox, and is basically nothing now.

The data I publish puts the true cash flows in perspective. The market must correct. To where? Only my clients and I will know, once the data comes in.

Aaron

To my opinion it was because of exchanges. Situation with coinbase interrupted positive trend for a while but enough for market to lose confidence. Now some representatives of conspiracy theories would probably say that wasn't accidental but the truth is you can never actually predict such situations.
Anyway, we'll see how far current correction will go, maybe is this just small temporary disturbance.