Bitcoin ahead of major inflection point (DROP!)?

Discussion in 'Digital Currencies' started by TreasureHunter, Feb 22, 2021.

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  1. TreasureHunter

    TreasureHunter Well-Known Member

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    Alessio Rastani's very interesting video on the extreme acceleration that Bitcoin is showing right now.

    Gold showed the same signs last year in 2020, when I kept telling people that it's going to drop soon, but many didn't want to believe.

    Technical video, worth watching:

     
    TreasureHunter, Feb 22, 2021
    #1
  2. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    No.
     
    mmm....shiney!, Feb 22, 2021
    #2
  3. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Good morning @66rounds.

    Whoever is teaching you the stuff you sprout needs a smack in the back of the head.

    And if you're self-meducating, then stop it.
     
    mmm....shiney!, Feb 22, 2021
    #3
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  4. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Id be happier if you stopped spreading FUD.
     
    mmm....shiney!, Feb 22, 2021
    #4
  5. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Great day to stack some cryptos. Hope everyone took advantage!
    I sold the last of my stock shares last week and put it all into litecoin and ethereum. Been a good run so far and holding for now.
     
    Last edited: Feb 22, 2021
    JohnnyBravo300, Feb 22, 2021
    #5
  6. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Mate, your posts are full of shit, they serve no benefit to anyone except to misinform and misguide.

    If I could turn your channel off I would.

    Now go and play with your rattle and leave the adults to talk sensibly.
     
    mmm....shiney!, Feb 23, 2021
    #6
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  7. REDBACK

    REDBACK Well-Known Member Silver Stacker

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    Instead of acting like SS self appointed Crypto God and chasing people away with your vitriol why not educate people as to why you disagree with a point of view.
    That would certainly have x100 more value
    Put it out there in the sunshine.
    RB
     
    REDBACK, Feb 23, 2021
    #7
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  8. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Lol, @REDBACK I’ve found there are a certain type of stacker that is more interested in confirming their bias than learning.
     
    Last edited: Feb 23, 2021
    mmm....shiney!, Feb 23, 2021
    #8
  9. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Why?

    @mmm....shiney! .....why not?

    Neither of you explained your stances and this is a learning opportunity for many.


    Why I think its NOTa good way to predict price is the same as a lot of investment vehicles - there are many variables and tether issuances is not the be all and end all of BTC pricing.
    EG -Papa Elons tweets swung price..nothing to do with tether
     
    Stoic Phoenix, Feb 23, 2021
    #9
    beyondfiat, 66rounds, mmm....shiney! and 1 other person like this.
  10. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Coz you asked, new issuance of Tether can occur both when the price of BTC rises due to increasing demand or when the price is falling and people want to get out of the market into fiat.
     
    mmm....shiney!, Feb 23, 2021
    #10
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  11. REDBACK

    REDBACK Well-Known Member Silver Stacker

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    @ shinny
    You critised his comment so at least add your own explaination to educate others.
    @everyone else 26k of BTC just transferred to Gemini no outflows at this time.
    On face value that would seem bad for BTC but on Dec 12th 2020 when BTC was around 18k USD 38k of btc flowed onto exchanges marking the begining'S of BTC's price rise to 42k
     
    REDBACK, Feb 23, 2021
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  12. REDBACK

    REDBACK Well-Known Member Silver Stacker

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    Are you saying
    "Just look at Tether issuance to predict BTC price"
     
    REDBACK, Feb 23, 2021
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  13. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    No
     
    mmm....shiney!, Feb 23, 2021
    #13
  14. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    He is saying tether issuance happens REGARDLESS of BTC price
     
    Stoic Phoenix, Feb 23, 2021
    #14
  15. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Someone smarter than me explaining it:

    Screen Shot 2021-02-23 at 1.30.13 pm.png

    https://www.coppolacomment.com/2020/11/the-asymmetric-mechanics-of-tether.html
     
    mmm....shiney!, Feb 23, 2021
    #15
  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Gold is just a small correction. It was above 2k for only a couple of days so the real peak is only about $1950+

    But Alessio Rastani is saying bitcoin might repeat a 2017, a 90% drop. :D
     
    sgbuyer, Feb 23, 2021
    #16
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  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    One of the best test for value is to ask yourself a question. Will you sell half year's worth of income in gold to buy that thing? If no, then it's not worth it. :D
     
    sgbuyer, Feb 23, 2021
    #17
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  18. hawkeye1

    hawkeye1 Active Member

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    It's funny how a drop from 58 to 51 (at this time) doesn't even faze me. I hope it drops to 40, because I will be in there buying. Feels like 30 would be too much to hope for.
     
    hawkeye1, Feb 23, 2021
    #18
  19. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I don't think he said that.

    He is just arguing that at the moment there is too much risk compared to reward in the market when measured against his criteria. In fact he says that the price of BTC may not even fall and that the market will ignore his indicators and just push ahead to higher prices.
     
    Last edited: Feb 23, 2021
    mmm....shiney!, Feb 23, 2021
    #19
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  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Alessio Rastani is very conservative. Next round, I'll probably consider his crypto buy. Did he say anything about dogecoin? :D
     
    sgbuyer, Feb 23, 2021
    #20
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