It will rebound
you fucking faggots
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It will rebound
you fucking faggots
Quote:
Originally Posted by big dick
http://i.imgur.com/nPSZWGe.gif
Quote:
Originally Posted by cmoney
IMO the market was due for a correction like this, in fact i think there might be more room for it to drop more or possibly remain stagnant for a short period of time. Even a quick chart with SMA's kind of reveals this.
(On a side note, look at that volume for 2017 compared to before that...)
got lucky, I just hit before this pop, pop covered my fees and I am out.Quote:
Originally Posted by Charham
There is about a .00001 % chance I lose money in Crypto before I am out.
Prob a better chance of me becoming a lifetime losing poker player and that is virtually impossible.
Heart attack or stroke is what you got to watch out for...💯💯💯Quote:
Originally Posted by chinamaniac
Obv that is most likely to kill meQuote:
Originally Posted by Avon BarksdaleHeart attack or stroke is what you got to watch out for...Quote:
Originally Posted by chinamaniac
Quote:
Originally Posted by chinamaniac
With this logic if you bought at 20 and watched it go to 20,000 and hodl all the way back down to 200 before getting out you'd have still made 1000%.
But you'd be a freaking moron.
I had a mining stock go from 7 cents to $8.00 and I didn't sell. I didn't have an exit strategy. I ended up selling it at 30-40 cents after it tanked. Druff was right about most folks not having an exit strategy and that is why they are doomed to lose. You need to come up with a plan like....sell 25% @ $1000, sell 25% @ $5000 etc or otherwise you will most likely never sell. Or you can do what I did, wait for a fucking mush like Sonatine to scare you out of your position.Quote:
Originally Posted by SheesfacedQuote:
Originally Posted by chinamaniac
With this logic if you bought at 20 and watched it go to 20,000 and hodl all the way back down to 200 before getting out you'd have still made 1000%.
But you'd be a freaking moron.
I understand your point, but it has nothing to do with me. 2 completely different things.Quote:
Originally Posted by SheesfacedQuote:
Originally Posted by chinamaniac
With this logic if you bought at 20 and watched it go to 20,000 and hodl all the way back down to 200 before getting out you'd have still made 1000%.
But you'd be a freaking moron.
So you saying "with my logic" is very illogical because you have 0 idea of my current situation/thread
Crypto to the MOON
You know what I love? These crypto bashers never realized that if BTC goes donkdown, stocks would go down too. So they missed the entire crypto bull market and now getting raped in stocks. Sonatine made $0.00 in crypto and lost 10% in a few days in stocks (401k). More devastating losses later on, probably 50%+.
So be careful what you wish for!
I have to admit I was wrong.
I posted that today's new normal would be the 7000s.
Turned out to be incorrect.
Welcome to the 6000s.
https://www.youtube.com/watch?v=lhv1h3V8Nz4
Did you short any? Or still on the sidelines wishing you did? Wishing doesn't pay the bills.Quote:
Originally Posted by Dan Druff
I just mentioned shorting earlier today.
No, I haven't yet. Still looking into the best way to do it.
But I truly believe it's going to be on a long term downswing.
Too many factors working against it:
1) Lack of practical use -- abandoned as payment by most merchants
2) Too many cryptocurrencies out there, including several which are seen as "cooler" and a greater opportunity to profit than Bitcoin
3) Recent soft attacks on crypto by Facebook and the banking industry
4) Recent attacks on crypto by major foreign governments
These factors combined should be enough to destroy the hype and negate the meteoric rise in value from 2017, which was artificial in the first place.
My experience is that some of the best traders were poker players and vice versa.Quote:
Originally Posted by chinamaniac
The HSP Show was a table full of ex traders. I honestly have started to forget the names. Furgeson comes to mind quickly. Somebody tick off the others for me.
They know how to take a loss without tears. They don’t fall in love with hands or positions. It’s all just a long slog. Risk assessment.
Poker players and traders tend to be agnostic. Simple opportunists.
So it strikes me why you are so passionate about Bitcoin.
Why would anyone make a bet on a libertarian philosophy largely populated by crooks. I have enough hate to find it all very appealing intellectually but we are talking about hard earned money.
Who was the Jeopardy kid that was a currency trader and poker player. The unibomber. Etc etc.
So funny how I’ve blocked it all out. Maybe Alzheimer’s
You're talking about Alex Jacob, the jeopardy player and currency trader. Very smart (but quiet) guy who is in a dysfunctional relationship/marriage with a girl he's been with since high school.Quote:
Originally Posted by Sanlmar
The Unabomber (poker player) is someone completely different -- Phil Laak. He's a charismatic degenerate who has been in a long relationship with Jennifer Tilly, who is like 13 years his senior.
Quote:
Originally Posted by thesidedishQuote:
Originally Posted by tgull
sounds like an infomercial salesman
but I just got out becuz of this, FEAR MUCH??
Quote:
Originally Posted by The_LurkerQuote:
Originally Posted by thesidedish
Everyone was posting this graph when btc hit $100..
Everyone was posting this graph when btc hit $1000
So OBV it's relevant now
IDIOT. WHEN I TALK U LISTEN.
Quote:
Originally Posted by thesidedishQuote:
Originally Posted by thesidedish
sounds like an infomercial salesman
but I just got out becuz of this, FEAR MUCH??
Quote:
Originally Posted by The_LurkerQuote:
Originally Posted by thesidedish
Everyone was posting this graph when btc hit $100..
Everyone was posting this graph when btc hit $1000
So OBV it's relevant now
IDIOT. WHEN I TALK U LISTEN.
Still wrong, when I need a bail bondsman, I will call you for advice.
It just inched back over 7k, from a low of 6600.
This is bad news.
None of the "recoveries" from recent crashes have been very resounding, unlike past recoveries which were swift and steep.
These recoveries all have the feel of a combination of automated orders and "Hey, look, bitcoin just dropped to XXXX, it's gotta be great value at this point, let's buy some", but no one is particularly enthusiastic about it this time.
The resistance points seem quite weak.
This has been the case ever since the last over-10k rebound to 10300, where I mentioned at the time that it looked like a very bad sign (because prior rebounds were to the 11400 range or so, and that one topped out at 10300). Indeed, now we're at 7k a short time later, and not from a rapid dip, but from a few separate crashes.
Every time bitcoin has recovered from crashes, it always started with enthusiastic buying following hitting a resistance point.
This one really has the look of a march down toward early 2017 levels.
Again, if anyone thinks I am full of crap, let's set up some kind of structured bet where we set terms of how much we win/lose based upon its value on June 1. I think it will be fun.
Alex Jacob was a great story.Quote:
Originally Posted by Dan DruffYou're talking about Alex Jacob, the jeopardy player and currency trader. Very smart (but quiet) guy who is in a dysfunctional relationship/marriage with a girl he's been with since high school.Quote:
Originally Posted by Sanlmar
The Unabomber (poker player) is someone completely different -- Phil Laak. He's a charismatic degenerate who has been in a long relationship with Jennifer Tilly, who is like 13 years his senior.
Laak was Wall Street. I don’t know if he was just a white collar.
There were plenty more.
I’ll say this. When this thread started I was the only guy posting charts. Now even Druff is reading charts and ciphering resistance and support.
It’s not rocket science on my or anyone’s part ... but who ever looked at a chart on a day by day basis before bitcoin.
A whole new generation of degenerates has been hatched. They ain’t gonna stop with bitcoin. They’ll get crushed elsewhere too - at first anyway.
It’s interesting to think about.
Always liked Laak. Nice, personable guy, and not the slightest bit arrogant.Quote:
Originally Posted by Sanlmar
I remember after he blew up huge and became a big name in poker, and I was walking around with Micon during the WSOP.
Laak saw us and was just so excited. Hung out with us during the break, and at the end, he insisted that he wanted a picture with us. Anyone watching from the outside would have assumed that Micon and I were the big names, and he was just some C-list nobody, rather than the other way around.
WRONG. WHEN u need someone to take on an entire county, u call meQuote:
Originally Posted by The_LurkerQuote:
Originally Posted by thesidedishQuote:
Originally Posted by The_LurkerQuote:
Originally Posted by thesidedish
Everyone was posting this graph when btc hit $100..
Everyone was posting this graph when btc hit $1000
So OBV it's relevant now
IDIOT. WHEN I TALK U LISTEN.
Still wrong, when I need a bail bondsman, I will call you for advice.
Quote:
Originally Posted by thesidedishWRONG. WHEN u need someone to take on an entire county, u call meQuote:
Originally Posted by The_LurkerQuote:
Originally Posted by thesidedishQuote:
Originally Posted by The_Lurker
IDIOT. WHEN I TALK U LISTEN.
Still wrong, when I need a bail bondsman, I will call you for advice.
I don't know you at all, but based on your online persona, I find you to be hapless drunken clown.
This is all I need to know about Crypto:
https://www.youtube.com/watch?v=QKO6IChjojI
AND THEN I HIT EM WITH THE CACHUNKQuote:
Originally Posted by The_LurkerQuote:
Originally Posted by thesidedishWRONG. WHEN u need someone to take on an entire county, u call meQuote:
Originally Posted by The_LurkerQuote:
Originally Posted by thesidedish
Still wrong, when I need a bail bondsman, I will call you for advice.
I don't know you at all, but based on your online persona, I find you to be hapless drunken clown.
ABSOLUTELY INDISCRIMINATE FREEFALL
I got 10k says btc hits 10k again before it hits 2kQuote:
Originally Posted by Dan Druff
You have 30 minutes to accept.
But you won't cus you're a cheap fuck who values money more than life itself.
It's a fair bet so put up or SHUT THE FUCK UP ABOUT BITCOIN and stick to your stupid -ev nba bets
I love these new terms of "stored value" and "liquid gold". Reminds me of the Dot.Com 1999 days when people threw around "new economy" and "profits don't matter". Fundamentals always matter. I was standing in line today at Dunkin Donuts, never once did I think "Boy, it would be nice to pay with a Bitcoin". Nobody fucking says that.Quote:
Originally Posted by big dick
After the dust settles , i think the new normal is going to be 500-1k a coin
You sure eat a lot of Donuts!Quote:
Originally Posted by tgullI love these new terms of "stored value" and "liquid gold". Reminds me of the Dot.Com 1999 days when people threw around "new economy" and "profits don't matter". Fundamentals always matter. I was standing in line today at Dunkin Donuts, never once did I think "Boy, it would be nice to pay with a Bitcoin". Nobody fucking says that.Quote:
Originally Posted by big dick
What makes you think this?Quote:
Originally Posted by cmoney
He sucks a lotta cock tooQuote:
Originally Posted by snake_in_the_assYou sure eat a lot of Donuts!Quote:
Originally Posted by tgull
statistic analysis.Quote:
Originally Posted by big dickWhat makes you think this?Quote:
Originally Posted by cmoney
in fairness tho, hes being super optimistic.
so when do you think it will hit zero?
6515 #BloodBath
Quote:
Originally Posted by big dick
check it out:
remember the buy orders at 16k?
god that was hilarious.
6400
Somebody wants this thing dead and that makes me just as suspicious as them painting it higher.
Just a visceral feel.
The exchanges make just as much money on capitulation as euphoria.
I am openly conspiratorial. It’s like being gay without all the inappropriate touching.