Discussion in 'Digital Currencies' started by SilverSale, Dec 22, 2019.
I knew that wouldn't take long.
Sweet, ill put a pre-order for the Aston Martin Valkyrie.
I like Silver 260's call: 'I expect BTC to keep grinding upwards, but parabolic?, not IMHO.'
And welcome, mongrelmaple
And just to put my head on the block: we are creeping from all-past-influences-that-drove-crypto-adoption to Global-Krazee-Krazee-mainly-drives-adoption.
Did somebody say KFC?
Did someone mention Krazee Krazee?
'The new package takes Japan’s total spending to combat the virus fallout to 234 trillion yen ($2.18 trillion) . . . '
There's just no doubt, campers, that we're numb to the numbers.
And there is a recurring problem with the reports: they often don't include time-frames. But both Japan's 2.18T and the U.S.'s 2.3 are in response to the virus, so that's a time-frame.
Go, deflationary coin!!
Most of the Sheeple don't see beyond their weekly / fortnightly wages. So, yes, we see nothing.
Thanks wrcmad. Crypto has performed amazingly well in May, as anticipated.
Don't say I never help you guys....
I've just taken a major short position on the SPX.
Very similar chart in XJO, and Silver. Waves 1 and 2 of a 5 wave pattern.Waiting for Tuesday to buy bulk XJO puts. Waiting to buy silver once its in mid single digits- maybe year end or early next year.
I’m not sure what help you’ve offered. Most of the ones I know who read the crypto sections of this forum have probably been in it longer than you.
What makes these charts significantly different?
Oof. Gapped higher. Where is your stop?
just saw on Kitco that there is an historical record of open index shorts. If there is a short squeeze then we’re going to see a hell of a pop soon.
Can you explain in more detail what you mean by this?
Historical record of open index shorts = A lot of people are betting that the market will go DOWN and are "short" the market
Short squeeze = When the market goes up instead, a lot of those people betting the market will go down with leverage get "squeezed" as they get margin called by their lenders
Hell of a pop = The margin calls force the short sellers to buy back their positions at a loss and the forced buying drives the market sharply higher
Trading like equities
Great call . Credit where credits due.
Still skeptical on BTC though, as @heartastack said....
Shhh, don’t upset them too much.
(especially BullionBaron, he gets very antsy)
Stockmarket has a looong way to go down yet.
I’m still trying to work out what this “great call” was.
Your implying that a major correction was inevitable, based upon the underlying fundamentals?
That is my view completely.
But it's a little flukey that he "appears" to have gotten the timing almost perfect. I was honestly expecting this to trend up a little longer. But with that said, I've been a little too busy to pay attention to the financial developments of late. Maybe I've missed something.
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