Please go up Bitcoin.
Some of us have hopes and dreams of extreme opulence.
Im going to need you to start providing me with plentiful green candles.
For the benefit of a friend, I would like to hear more about the "extreme opulence" ideas.. Does it involve grapes? and/or whipping cream?
Holding up relatively well despite the negative stock market headlines etc.
I missed the news lately, but what's going on? Intel lost a third in value, anything else I checked is down too. Meanwhile inflation is going up again since ECB lowered it's interest.
Bad job report data in the US.
From what I've seen, even when job reports are good they are almost always revised down later.
Doesn't surprise me though, also here in the UK I'm being bombarded with recruiters trying to throw their candidates at me,
more so than before.
The jobs report was bad and so was Intel saying they were laying off a massive number of people. Add to that Kamala Harris is being touted in the media as the next likely President and it just makes sense to take profits here. Like when Bitcoin was in the 70s before mtgox started distributing. I dont necessarily see the market changing direction yet, but clearly the big boys are taking profits. When this happened in 2007, it was a few months after the first rate cut when it became clear to everyone what was happening and the market plummeted. I suspect something similar here so a recovery and even new highs could be in the cards before the big drop.
We are in a bitcoin thread, so "taking profits" means selling, so stop trying to have it both ways.. including if you might be talking about stocks generally, you are also implicating bitcoin by not distinguishing.. or clarifying what you are talking about.
When it comes to bitcoin (the topic of this thread, by the way), are you selling, holding or are you buying.. or you are just off topic with vague implications?
I doubt that too many of us are selling or cornz in this price range, even though you are trying to proclaim "big boys" which implies "smart money" are selling...... but what are they selling, and what does it have to do with king daddy? Is it related to dee cornz or would you like to fuck off with your vague innuendos?
To the extent that you might want to implicate bitcoin in your discussion of macro-analysis, then you sound like Vinny Lingham in March 2017 suggesting that BTC HODLers sell in the $800 to $1,100 price range and then to buy back at sub $500-ish (when the big boys would be "backing up their trucks to buy bitcoin.") How did those March 2017 sellers end up doing? Hint hint.. not too well.
Maybe you should clarify regarding waht your post might might have to do with dee cornz?
<bigly snip>
I am reminded of a phillip1957 post from a couple of days ago in which he suggested that we would be going below $60k, yet I had wondered how far below we might be going, since I have had a few more of my buy orders filled since that post, so yeah.. the next is lower $61ks and then lower $59ks. I already had my resolution of mistake one filled in the mid-to-upper $61ks (that one was a kind of freeby no action one, just putting things back in order from my perspective).
So yeah, my buy orders are very $2k down to $57k-ish, then they are every $1,500 if we go below that...
<smaller snip>
. I got some at 61 and change now looking for 59 and change I also got some at 63 and change.
I am not glad, but I got some too... My buy orders started filling every $2k starting from lower $65ks, and one extra "make-up" order in the mid-to-upper $61ks. All of the next ones start in the $50ks, so yeah, not looking forward to any of them filling, even though from current momentum, it's seeming like I could end up having more buy orders fill.
I hope we don't get below $53,500.. yet it is not like there is any way to really know with confidence.
Maybe Dragonvslinus will come back in, so that he might want to re-propose some kind of a potential DOWNity bet. I will still likely stick with my earlier bet parameters, even though getting so much DOWNity price moves at one time, does not likely make any of us longer term HODLers happy, even if we might be buying at various places on the way down.. and personally, I just hate some of the bears to get new opportunities to buy in.... in the event that the local bottom might not yet be "in" for this time around.
My current already set buy orders ONLY go down to mid-$25ks.. . yet I am still thinking that since we continue to be in a bullmarket, the odds should be pretty low to even touching within 20% of the 200-WMA, and currently the 200-WMA is right around $37,620, so 20% from the 200-WMA would be $45,144... so gosh, I might get depressed if we break below $45,144 (even though I understand that even seemingly outrageous scenarios are possible).
