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The Bubbly Bitcoin Thread -- Merged Threads


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8 hours ago, Buffer Bear said:

Best FUD ever...We're all gonna die.  You have a fan @Warlord

 

 

 

This is just the funniest thing ever. We have now moved on from predicting the death of Bitcoin to saying Bitcoin will be the death of us. I could never have thought of this bit of FUD. Top marks Sir!

The only thing I see dying is Keynesian economics.

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Just now, reginekierkegaard said:

Price now drop below 200 DMA, 50 DMA is approaching a 'death cross' with 147 DMA but it is still a distance away from the 200 DMA. Next major support level is at 32,2114. Resistant at 39238. RSI indicates it is being oversold (from my chart). 

Ah yes the 147DMA, every one charts that crucial motherfooker!  lol. the only death cross worth a damn is the 50 crossing below the 200, if they are both dropping. If the 50dma drops to cross a rising 200dma, not valid. They both need to be going down. 

 

 

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7 hours ago, wighty said:

Stop responding to the bitter and twisted troll @Warlord.

He can't get over selling out for £1000 and wants everyone else to lose out.

@wightywell, he better start listening to Breedlove if no-one else.  @Warlordmay have sold at £1000 but he needs to recognise the current price is cheap as chips. 🙂

7 hours ago, Lenelby said:

This is just the funniest thing ever. We have now moved on from predicting the death of Bitcoin to saying Bitcoin will be the death of us. I could never have thought of this bit of FUD. Top marks Sir!

The only thing I see dying is Keynesian economics.

I watched it a good few times as its so hilarious.  The thing is, I can never work out whether this kinda East v West type of propaganda is just that or they've actually been brainwashed, similar to *cough, cough* can't mention the name. 🙄

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Ii

It's similar to the point you made @MonsieurCopperCrutch

I've been listening to different opinions to formulate my own view (inc the debate between Peter MC and Dan Held) and now better understand that there is little threat to decentralisation.  However, I don't think Musk is the person who should be involved given his recent antics but I u/stand what the objective is.

Whilst is see the benefits of the approach taken, I am more aligned with Held's view i.e. that the ESG debate shouldn't be given oxygen (let Bitcoin do it's thing) by setting up a council as other industries/uses are not challenged in the same way, which leaves the suggestion that mining is more problematic than many other uses. Bitcoin can't win the ESG FUD and even if it did, those who need to control the monetary system will simply find another bunch of FUD to focus upon.  Waste of everyone's energy, I think. No pun intended. 😀

Edited by Buffer Bear
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6 hours ago, warpig said:

2Uqb70Rk.png

Which lines represent 50/200 MA?


I clearly don't understand any of this @warpigas to me the RSI suggests it's overbought I.e. above 70 and not a good time to buy. I placed my limit orders regardless because whether it goes up or down at this price, to me, is neglible.  I mean, after all, how far can it drop?! 

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7 hours ago, Buffer Bear said:

 

 

Thanks @Buffer Bear Good interview. Interesting about his take on institutions not really entering the space yet, which is what I have been sensing is the case. On the other hand if they do it could create a bun fight for coins. Maybe this market cycle is too soon or maybe the halving effect is actually overblown; 900 coins a day is tiny compared with existing supply.

I don’t know what to think about his green wrapper but I can see why so many believe this lack of fungibility is dangerous in a way I hadn’t fully considered. I still don’t think it a great issue as it’s largely cosmetic dressing and once the industry moves away from using coal (which I think is a legacy effect from China having redundant power capacity in some remote areas due to central planning) then it might become less important. These green coins might just be traded OTC with institutions or many hodled anyway. New coins are such a small part of the picture. 
 

I have shares in Argo in my ISA but unlike my Bitcoin my average price is fairly high for those. They may just have to remain in the drawer for a while.
 

 

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