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Off-Topic discussion about Bitcoin and cryptocurrency.
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i had 20 or 30 of the fuckers years ago in order to buy.. stuff.. off the dark web... I did not take care at the time and lost the wallet, they are long gone now
Every of us experienced some alternative of this story in past :-D Newcomers thinks "you was just lucky, you bough early and held for years, you just won lottery".
It has fucking nothing to do with luck. Holding for years during all dips is hard job.
motherfucker did it again
Making friends as ever.
That's really deliberate. Not that they aren't all deliberate, but I figured it was a Tesla thing and not an Elon thing last time. I guess it's just him.
Not so worried about this one tbh.
Started to think about this a bit more recently. I really don't believe people in first plan are just selling because they are scared Elon tweeted some shit. At least not anymore, maybe it was that way first time when he tweeted Tesla will not accept bitcoin anymore. I think now situation is different.
My thesis:
Now. What i did today. Elon Tweeted that meme.
My immediate thoughts:
perfectly executed "elon" dump ended and started to retrace back..
Then i realized. Fuck i'm not the only one smartass on planet. I'm actually dumb, i'm not much successfull in trading. Which means. Statistically improbably it was just me thinking this way. I think MOST traders did the same thing.
People are just TRADING elon's tweets. They really don't give shit about what he posted, they don't think it is fundamentally bad for bitcoin. They just are expecting everybody will sell short for short period time, so they sell too. They don't want to get rid out of Bitcoin for good. They want to take profit from Elon dump
Going to seriously try this for some time. I set alerts on Twitter for Elon posts. I will now closely watch all his tweets and will trade all of them based on other market conditions. (Important thing is - event before he tweeted, bitcoin was bellow important resistance around 39k, so some small correction was likely)
Hope there will be more such opportunities for good ElonTrade
I wish Elon would say some idiotic thing that would drop BTC to around $20,000-25,000. I’d buy that up like crazy.
i believe 25-26k is still not out of game as final 5th wave...
made this yesterday so elon's dump isn't there visible
I’m there if we see another $10,000 (or more) drop.
That sounds like a good analysis to me. Elon Musk.... Such an arrogant guy.
I kept seeing this thread, constantly on the top. I just don’t get it. To me Bitcoin has democratized speculation, and I don’t see anything positive in that. I don’t think it’s sexy either. I’m the Bitcoin grinch!. And here’s the grinch singing!. Don’t hate me, I’ll stay poor 🙃
That's OK, I started the thread and I'm also in the Grinch camp
Don't think he is arrogant .. On one side he is very smart regarding tech. He is engineer and pretty good one, and he has ability to attract more talented people into it's team. Maybe one day mankind will be saved from global extincton just thanks to interplatenery movement he started now with SpaceX.
His weakness (but on other side also superpower) is he has (according his own words) Asperger syndrome. Which means he has problem with emotional response and deep understanding of social connections. I think that's why he really don't understand the basis of negative emotions he triggers in people with his posts.
As i said, from some point of view i'm considering this diagnosis actually as evolutionary advantage, i wish i had it (sometimes i think i have a mild one
) - i think it helps people to be more successful in professional way because they can fully concentrate on work and own goals and aren't bothered by social interactions and emotions that much. Social interactions and especially emotions are often drawback and complication.
Relief… I hope the grinch camp is bigger than it looks 🤑😄
I also think his shitposts are actually good or Bitcoin in some way. When i think about Bitcoin community, or in general people owning and trading bitcoin as form of decentralized neural network (eg. multiple brains connected togetjer through internet by sharing some common ideas), what he is doing is basically training this network to be more and more resistant to various random FUD and shitposts on social media. A form of supervised machine learning :-)). It is very clear that reactions of this neural network on his posts are weaker and weaker (Bitcoin is again above 37k), so he is dooing good job making this network more stable
Good post @dendy, this was exactly my thinking had I been willing to expend the effort to verbalize it. I don't plan to actually trade based on any Elon tweet, but I agree with the analysis 100%.
Swing trading, if managed properly and with great discipline, can be a really fun way to win some pocket change.
Yeah, i realised i feel lot more comfortable in current ranging market than in straight bull uptrend.. Which doesn't mean i'm not looking forward to 280k end of year 😂🤣 But for now, i feel it's good thing to range where we are for some time with maybe some small retesting of 20-30k, followed by fast bounce back to range... fingers crossed :-)
+1 amigo, although I came for the bitcoin and stayed for the popcorn
Blimey @tahiche, that's a cracker. Nice going
Sorry you're having such a hard time tuning us out. I ignored the Elektronauts crypto thread for ages before this one popped up, so I do get that at some level, but it's pretty exciting when you're in it. And we've got a great range of personalities and contrary opinions all sharing the same space. That's why we're being such a rowdy lot.
Definitely. The only problem is, given the recent volatility, you really need to be watching those charts like a hawk. I can definitely think of more fun and less stressful ways to spendy days lol. But for sure if you have the discipline and the stress tolerance for it you can do well.
Both the risk and effort can be greatly reduced by following a strict method.
By doing so, you only need to be right half of the time to break even. Since you decide up front what you plan to do, the stress is way less. If you set your orders to be automatic then you don’t have to watch like a hawk. You don’t have to be crushed every time you lose because you planned for that already. You don’t have to stress over whether or not it’s the right time to sell because you decided that up front.
You just have to be very careful about automatic stop-loss orders. If you set a stop-loss at a certain level but the stock tanks too fast so that it falls below your stop, you lose more than you planned. If you set a stop limit order (meaning don’t sell if the price falls too far below your stop) then the sale might not trigger and you get left holding a lower value than you planned.
I did OK with that plan until I tried to magnify the gains by bringing Options into the equation. Failed miserably. Still digging out from under that little experiment.
There are a few pretty good books on swing trading that go into this in more detail than I can.
Thanks Wim, sure, this is definitely something I am going to be reading up more on, cheers.
A hacker group is after him now (Anonymous). It's all very Mr. Robot.
[edit: seems to be fake]
very much don't like this.. it went too far .. was never big friend of this weird anonymous movement and this video is too much, exceeds any acceptable boundaries
Could you please be more specific about which boundaries you're referring to? Is it just the hacking threat, or is it about other aspects of the content as well?
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They’ve become a bunch of crybabies. And they seem to forget Tesla has some of the most advanced A.I. in computing today, which would make them easy to locate and shut down.
Looks like the anarcho-syndicalists have fallen out with the anarcho-capitalists. Who woulda thought…
Anonymous official twitter denies that they made that video.
Smelled like a fake to me, but I was too lazy to say so.
I guess they’ll now go after whoever was impersonating them? LOL.
good thing it's fake.
this is BIG thing... and there are rumours neighbouring countries will follow later
https://www.bbc.com/news/world-latin-america-57373058.amp
also there is possible interesting implication but not sure if it is true... somebody said it basically means BTC becomes "foreign currency" in eyes of international law. Countries can't apply capital gains tax on purchases of goods and services with using foreign currencies.. If this is true, potentially HUGE world wide impact.
Looking forward how this evolves.