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Off-Topic discussion about Bitcoin and cryptocurrency.
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Comments
It's China FUD. They are going to ban bitcoin mining. Again 😂🤣 This guy summarized it very well.
Most funy thing: Even if this will be true then it is actually great news :-))) Because it kills 2 FUDs at once
)
Maybe it's even better:
And big whales are still buying the shit.This is obviously coordinates push on price to buy more low.
Interesting, @dendy.
Talking of China:
👇
I know it doesn't mean much BTW, just keeping abreast of things
I think you’re finally well on your way to being converted to an investor, @richardyot. No one spends this much time discussing and studying this emerging field without thinking about getting into it.
Seems like genius, but it's nothing that hasn't already been done this way since more than 30 years. EDI (Electronic Data Interchange) is an ancient protocol for exchanging data that has this exact concept built-in. I used to work through definitions of different types of data records in this protocol all the time. He would actually have been pretty ignorant of current technology if he didn't feel the need to design it this way.
Even plain old XML is self defining in a similar way.
I can guarantee you I won't ever be investing in crypto. As far as I'm concerned it's no different to gambling. YMMV of course.
I am enjoying following the current bull run though, and I also followed the previous one in 2017/18.
You sure seem unusually interested in gambling.
It’s OK. It took me a decade to warm up to it.
lol this is joke, you didn't got it :-) Those posts with - SOURCE at the end are mentioned as irony to anonymous fud news spreaded by some media without exact source of spreaded (mis) information :-)
LOL
lol
love those mcdonalds jokes 😂🤣
this one is hillarious tooo
Ok let's play game.. my crystall ball prediction for next few days... plus expecting huge volatility on 28th may, especially around 52k.
Let's see if i'm totally wrong or i guessed next round in this gamble scam lottery..
OR
also was thinking about doubke bottom retest of 28.5-28.7k but don't think this is likely
Short term moves are impossible to predict. To me it’s clear the bubble is popping, but there could be plenty of bounces on the way down.
My guess is that the price will be below $20k by July.
Once it gets that low, pretty much anyone who jumped on the bandwagon this year is going to be underwater. Once people are losing money in substantial numbers it’s very difficult to keep the hype machine working. At that point it won’t be going back up.
https://www.bitcoinisdead.org/
i love this dip :-))) Soo much great memes ... laughing almost nonstop when browsing twitter...
There is a phenomena in the crypto money people communities referred to as ‘fractal’ indicators. As I say, I’m not into the money side of blockchain, but youtube foolishly and inadequately fails abysmally to separate out recommendations in fine enough detail to show me only the technical and useful side of blockchain without also cramming in stupid people with stupid faces shouting at graphs and charts all the time.
One thing they believe in is the idea that there are ‘fractal’ like patterns, or patterns that are self similar, which can be identified in the past and they say applied to the future, if you’ve identified a bit of the ‘now’ that resembles a similar shaped bit of the past.
On one hand I don’t really doubt that, but on the other I think it’s an illusion. You could apply it to any wiggly line about anything. You could certainly ‘predict’ the weather that way, if you judiciously varied the span of the source fractal. You could probably apply it to your own luck, if you had any clear guide as to when the start and end points of a span of luck observation were. Eg, if you did the lottery every week for a year and won £10 this week, that’s lucky for this week, unlucky for this month, and very unlucky for the year.
However, this sort of thing, as well as a lot of other sorts of other things, might turn out to be more like music than actual fractals (or, music might turn out to be more like fractals than we acknowledged). It might be that like in music there’s emotional pushes and pulls, intros, verses, choruses, middle-eights, etc in a lot of other linear endeavours such as the way finance goes, the way weather goes, the way culture and fashion goes, the way language goes.
@u0421793 in techical analysis, everything works if it is believed to work by sufficient amount of people :-))) technical analysis is self-fulfilling prophecy. You real goal is not to guess what PRICE will do, but what OTHER PEOPLE think price would do 😂🤣
https://www.mycoted.com/Four_Men_in_Hats
Curious to hear people's favourite youtubers / twitter / book recommendations for crypto investment guidance
@Gavinski
Jason A. Williams - Bitcoin, hard money you can't f**k with
https://www.amazon.com/Bitcoin-bitcoin-global-reserve-currency-ebook/dp/B08PKYQDGC
this may be good too
https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/1537000454/ref=pd_aw_sim_1/137-9951828-3865118?_encoding=UTF8&pd_rd_i=1537000454&pd_rd_r=5a1327f6-3108-4f73-ac08-449cb31cef76&pd_rd_w=uZZpF&pd_rd_wg=67TVL&pf_rd_p=61e03cde-d57c-4984-9f73-f76bf2c32442&pf_rd_r=HVGZZDN5SQ0MH723N6YN&psc=1&refRID=HVGZZDN5SQ0MH723N6YN
(search for this guy - Andreas M Antonopulous also on Youtube he has channel with shitloads of stuff to learn)
This - great podcasts about bitcoin and related stuff
https://www.whatbitcoindid.com/
too easy :-) Tooks me 10 seconds to find solution :-)))
I had a feeling you might
It was more of a shorthand communication than a puzzle, that one.
Will throw in my prediction, that's based on nothing:
I'm expecting a drop to about 28 too, but after a little climb up past 40. Possibly a little higher than that. 41-42K could be a cash-out point for some, either mitigated losses for those who can't wait for regrowth, or small gains for people who bought the dip and don't want to push their luck. I figure that'll happen sometime this week.
Then I'd expect about 3 weeks of stagnant death before things pick up. A lot of people will give up and move on, and there might be an air of hopelessness on social media. Shellshocked people saying 'HODL' but not really believing anymore, more memes about losing money, more wrathful Elon Musk hate and a lot of 'I'm out of here, see you in 4 years' comments. But importantly, the fear will have gone after the crash, and the price will be good. And so I'd expect another run.
'nuff said
I am shorting a couple of things on the way down...
"bitcoin has no use case, it's just for speculation"
https://www.nasdaq.com/articles/strike-launches-bitcoin-lightning-payment-app-in-el-salvador-full-eu-support-is-next-2021
Strike is mind lowing... instant realtime micropayments. Big stuff.
Except the "currency" is so volatile you can't set prices with it 🙄
Bitcoin is currently experiencing hyperinflation, dropping 10% in the last 24 hours, worse than Weimar.
What if D’s hat was actually black and A’s hat was actually white?
He'd still figure out his own hat, but yes.