markyh Posted May 13, 2019 Share Posted May 13, 2019 25 minutes ago, GreenDevil said: Dow crashed too. Something afoot? Yes apparently Narco pointed out that really on the yearly chart there is no support for the Dow above 1200. So they are all selling to buy Bitcoin. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted May 13, 2019 Share Posted May 13, 2019 18 minutes ago, markyh said: Yes apparently Narco pointed out that really on the yearly chart there is no support for the Dow above 1200. So they are all selling to buy Bitcoin. Ah, he's looking for 1200 Dow. Makes sense. Prolly has more chance than 1200 btc. Quote Link to comment Share on other sites More sharing options...
markyh Posted May 14, 2019 Share Posted May 14, 2019 9 hours ago, goldbug9999 said: Point me to one person, just one, who has got rich using TA Where as if you buy a few Bitcoin, HODL for up to a decade, you have a very good chance of becoming Rich / wealthy, if you can handle the swings. Quote Link to comment Share on other sites More sharing options...
Acid In The Punch Bowl Posted May 14, 2019 Share Posted May 14, 2019 10 hours ago, goldbug9999 said: Point me to one person, just one, who has got rich using TA Loads of people have! Selling books and online courses on TA. Quote Link to comment Share on other sites More sharing options...
Acid In The Punch Bowl Posted May 14, 2019 Share Posted May 14, 2019 Love that everyone on here talks with authority about Bitcoin either booming or busting, but no-one predicted this massive ******ing rally. Quote Link to comment Share on other sites More sharing options...
dragging boot straps Posted May 14, 2019 Share Posted May 14, 2019 48 minutes ago, Acid In The Punch Bowl said: Love that everyone on here talks with authority about Bitcoin either booming or busting, but no-one predicted this massive ******ing rally. I posted a video mate. I've known about this rally for some time thanks to another guy on a different forum. The size of it has caught everyone out admittedly. It was kicked off by the LTC halvening. Imagine the BTC one next year! Quote Link to comment Share on other sites More sharing options...
markyh Posted May 14, 2019 Share Posted May 14, 2019 11 hours ago, GreenDevil said: 58 minutes ago, Acid In The Punch Bowl said: Love that everyone on here talks with authority about Bitcoin either booming or busting, but no-one predicted this massive ******ing rally. When you are already invested and add to your position in 2018 at price levels below where we are now, why does it matter. What matters is we didnt panic sell and bought more during the lows. Quote Link to comment Share on other sites More sharing options...
markyh Posted May 14, 2019 Share Posted May 14, 2019 11 minutes ago, dragging boot straps said: I posted a video mate. I've known about this rally for some time thanks to another guy on a different forum. The size of it has caught everyone out admittedly. It was kicked off by the LTC halvening. Imagine the BTC one next year! Plus did I not say back in Jan/feb we will be back to somewhere near $10k come the end on 2019. And $20k ATH will be passed in 2020 and we will be around $200k come end of December 2021. Quote Link to comment Share on other sites More sharing options...
longgone Posted May 14, 2019 Share Posted May 14, 2019 2 minutes ago, markyh said: we will be around $200k come end of December 2021. Quote Link to comment Share on other sites More sharing options...
markyh Posted May 14, 2019 Share Posted May 14, 2019 On 13/05/2019 at 09:27, longgone said: indeed total banking collapse (never going to happen) or media hype commissioned by (sataoshi himself) aka bankers holding BTC stores. I like how they chuck out a few charts and yank the price up buying and selling to each other to generate a interest. i suppose an air of credibility can be created in the ether of movement. Good news back to £40k now so only £63k paper loss down from ATH. Lol. Quote Link to comment Share on other sites More sharing options...
longgone Posted May 14, 2019 Share Posted May 14, 2019 2 minutes ago, markyh said: Good news back to £40k now so only £63k paper loss down from ATH. Lol. Quote Link to comment Share on other sites More sharing options...
longgone Posted May 14, 2019 Share Posted May 14, 2019 7 minutes ago, markyh said: Good news back to £40k now so only £63k paper loss down from ATH. Lol. when its hits 200k you can have an impromptu retirement and rock up to work in a lambo , maybe even have a few more kids as you made the right choice. Invite the friends round to the citadel i know at least one visitor will turn up ? Quote Link to comment Share on other sites More sharing options...
markyh Posted May 14, 2019 Share Posted May 14, 2019 1 hour ago, longgone said: when its hits 200k you can have an impromptu retirement and rock up to work in a lambo , maybe even have a few more kids as you made the right choice. Invite the friends round to the citadel i know at least one visitor will turn up ? Remember the bitcoin time in traveller said the citidels don’t start appearing until 2025, so will have to spunk £100k on an extension after clearing the mortgage to keep the wife happy while it’s still safe to live amongst nocoiners. Quote Link to comment Share on other sites More sharing options...
scottbeard Posted May 14, 2019 Share Posted May 14, 2019 1 hour ago, markyh said: Plus did I not say back in Jan/feb we will be back to somewhere near $10k come the end on 2019. And $20k ATH will be passed in 2020 and we will be around $200k come end of December 2021. Are you able to articulate WHY you think Bitcoin will rise to that price, and why $200k (as opposed to 50k, 100k or 500k etc?) Quote Link to comment Share on other sites More sharing options...
longgone Posted May 14, 2019 Share Posted May 14, 2019 Hodl Hodl for dear life. This guys BTC is safe aint nobody hacking this Quote Link to comment Share on other sites More sharing options...
longgone Posted May 14, 2019 Share Posted May 14, 2019 Had to laugh at the capita branding on his fleece. says it all really. Quote Link to comment Share on other sites More sharing options...
markyh Posted May 14, 2019 Share Posted May 14, 2019 24 minutes ago, scottbeard said: Are you able to articulate WHY you think Bitcoin will rise to that price, and why $200k (as opposed to 50k, 100k or 500k etc?) I’m being conservitive. bitcoin moves in cycles of 2-4 years and the cycle highs are always around 20x the previous high ($400k, $20k x 20), to 100x the cycle low/bottom, ($300k, $3k x 100). So being cautious, personally I’m selling 50% at between $146k-$150k. Should be sometime during Q4 2021. Quote Link to comment Share on other sites More sharing options...
Kosmin Posted May 14, 2019 Share Posted May 14, 2019 29 minutes ago, scottbeard said: Are you able to articulate WHY you think Bitcoin will rise to that price, and why $200k (as opposed to 50k, 100k or 500k etc?) Perhaps more importantly, why the end of 2021? The argument for it getting to $1m or thereabouts is all fiat currencies become worthless and people don't rush to traditional safe haven assets like gold. This is incredibly unlikely, because fiat currencies don't collapse en masse. They collapse relative to other fiat currencies. So in countries with hyperinflation like Venezuela and Zimbabwe they are absolutely desperate for US dollars. Inflation is still low in North America, Europe and other developed economies (Japan, Australia, etc.). So even if there is some apocalyptic fiat money collapse coming, I don't see how it's even going to start to materialise during 2021. The second (even more naïve) reason for thinking it will soon reach $200k or so is that it has exhibited this cycle in the past. But this is unlikely as everyone heard of bitcoin during the last boom, so where will the buyers come from this time? (A lot more buyers are required to push the price from $8,000 to $20,000 than were required from $1,000 to $20,000). Quote Link to comment Share on other sites More sharing options...
UberMonkeySmallAndChunky Posted May 14, 2019 Share Posted May 14, 2019 8 minutes ago, Kosmin said: But this is unlikely as everyone heard of bitcoin during the last boom, so where will the buyers come from this time? A growing awareness of Bitcoin being a superior unique asset. Quote Link to comment Share on other sites More sharing options...
Kosmin Posted May 14, 2019 Share Posted May 14, 2019 7 minutes ago, UberMonkeySmallAndChunky said: A growing awareness of Bitcoin being a superior unique asset. It's superior but not unique. It has first mover advantage, but there alternative crypto-assets and there are no limit to the number of new coins. Some people say there are better ones. I think first mover advantage will likely mean that bitcoin itself remain the leading crypto-asset, but the contestability of the asset class will dissuade some people from considering it to be akin to digital gold. Quote Link to comment Share on other sites More sharing options...
longgone Posted May 14, 2019 Share Posted May 14, 2019 44 minutes ago, markyh said: I’m being conservitive. bitcoin moves in cycles of 2-4 years and the cycle highs are always around 20x the previous high ($400k, $20k x 20), to 100x the cycle low/bottom, ($300k, $3k x 100). So being cautious, personally I’m selling 50% at between $146k-$150k. Should be sometime during Q4 2021. ah so its done it before so must do it again. Great logic. Quote Link to comment Share on other sites More sharing options...
UberMonkeySmallAndChunky Posted May 14, 2019 Share Posted May 14, 2019 30 minutes ago, Kosmin said: It's superior but not unique. It has first mover advantage, but there alternative crypto-assets and there are no limit to the number of new coins. Some people say there are better ones. I think first mover advantage will likely mean that bitcoin itself remain the leading crypto-asset, but the contestability of the asset class will dissuade some people from considering it to be akin to digital gold. Not just first mover but how do you recreate the decentralization of Bitcoin? Quote Link to comment Share on other sites More sharing options...
markyh Posted May 14, 2019 Share Posted May 14, 2019 38 minutes ago, longgone said: ah so its done it before so must do it again. Great logic. It’s the only asset class in history to have two( or more) parabolic price rises within s decade, a starting its third. Quote Link to comment Share on other sites More sharing options...
longgone Posted May 14, 2019 Share Posted May 14, 2019 54 minutes ago, markyh said: It’s the only asset class in history to have two( or more) parabolic price rises within s decade, a starting its third. the most import words in that sentence. When does an asset not become an asset anymore. Quote Link to comment Share on other sites More sharing options...
AndyFTB Posted May 14, 2019 Share Posted May 14, 2019 3 hours ago, Kosmin said: But this is unlikely as everyone heard of bitcoin during the last boom, so where will the buyers come from this time? (A lot more buyers are required to push the price from $8,000 to $20,000 than were required from $1,000 to $20,000). That is not actually true, you need more buyers relative to sellers to initiate a price rise. In theory you would only need 1 person willing (and able, which is a key point) to pay $100,000 a coin if there is 0 people willing to sell for $99,999 or less. In that scenario one buyer is enough to set the market price. I dont think Bitcoin is going to those levels in this wave, I think there will be a lot of sellers, but if there are not... I have a small number of Bitcoin (less than 1) and other cryptos but like an idiot having bought most at $35xx I sold about half at between $4.2 and $5 expecting a retrace. Oh well I have learnt my lesson now, no more selling from me. Quote Link to comment Share on other sites More sharing options...
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