Bitcoin price suddenly surges to 3-year high

[moproblems99]

jobs reports is good actually, as of this morning a new report came out and things are looking better already.

I'm sure.

 

[dorsetknob]

Musk had his wrists / wallet Spanked for his prior twatter posts and the effect they had on the market

 

[moproblems99]

Just like how Yellen said interest rates would need to go up to support the new spending plan. Oh wait, three hours later she backtracked when the market plunged.

Please don't make this any more political, I was already an ass once this morning.

Like it or not, transparency is gone in most political climates. You just hope the smoke isn't that hot in case there is a run on PreperationH.

 

[Space Lynx]

fiat was going to exist before or after crypto's birth. bitcoin is using 512 terawatts... imagine if they added in the other coins to this chart... the other tokens, the other infrastructure... the equivalent of aliens landing and adding 15 new countries to the planet literally overnight adding to carbon in the atmosphere.

now we will see in 10 years if the Earth can adapt, or if mass migration and famine will occur earlier than predicted before these calculations.

 

[moproblems99]

now we will see in 10 years if the Earth can adapt, or if mass migration and famine will occur earlier than predicted before these calculations.

The environment isn't going to kill us. It's humanities own fascination with our colon that will get us.

Wut?

In other words, humanity has a fascination with keeping our collective heads up our collective asses . For some reason, disagreement in beliefs fosters in ability to occupy the same planet.

I hate my phone. I am done fixing it's shitty typing.

 

[Space Lynx]

The environment isn't going to kill us. It's humanities own fascination with our colon that will get us.

Wut?

In other words, humanity has a fascination with keeping our collective heads up our collective asses . For some reason, disagreement in beliefs fosters in ability to occupy the same planet.

I hate my phone. I am done fixing it's shitty typing.

We are a very odd species, I give you that. Capable of so much, yet also so little, in the idea that the so much will probably never be obtained, even though we are technically capable of it.

 

[moproblems99]

Also, that most of our advancements come from weapons of war.

 

[the54thvoid]

Can this thread get any farther off topic?

Yeah, it can. I know a man who once made a jobby egg.

Anyway, please, back on topic

 

[moproblems99]

@the54thvoid , are we there yet? And what's a jobby egg, Riggs?

 

[RandallFlagg]

Well Bitcoin already bounced

jobs reports is good actually, as of this morning a new report came out and things are looking better already.

Markets don't move in one direction. It was chopping in oversold territory yesterday late and rose overnight in futures trading.

I don't think a short term low is in, we should see that late today or sometime tomorrow. Medium term - out a couple months - this is just getting started.

 

[ZenZimZaliben]

I stayed up until 3am watching it drop, cash in hand..waiting, and bought more. Then this morning I also bought more. Just chunks here and there.

 

[RandallFlagg]

I stayed up until 3am watching it drop, cash in hand..waiting, and bought more. Then this morning I also bought more. Just chunks here and there.

Let us know when you sell.

200DMA is around 39k. Bitcoin broke 50DMA and failed re-test. Momentum indicators on daily charts are negative. Weekly too, which means a long term decline, like I noted a few weeks ago.

Lets see if your gut works better than my charts.

 

[moproblems99]

And all the other external indicators.

 

[Space Lynx]

Let us know when you sell.

200DMA is around 39k. Bitcoin broke 50DMA and failed re-test. Momentum indicators on daily charts are negative. Weekly too, which means a long term decline, like I noted a few weeks ago.

Lets see if your gut works better than my charts.

his gut will probably win actually.

bitcoin is the wild west, and even with Elon bailing it doesn't change the fact the whales know they can manipulate peons from abroad... without punishment. lot of suckers in the world. so zen will probably be ok, it will rise and fall often until countries realize they need to have a pre-requisite in place for banning all crypto from businesses, banks, and exchanges before trade deals can be signed. only America has the trading power to do this sort of brute force tactic, and I am afraid no one is smart enough on either side of the political aisle to implement it.

 

[ZenZimZaliben]

Let us know when you sell.

200DMA is around 39k. Bitcoin broke 50DMA and failed re-test. Momentum indicators on daily charts are negative. Weekly too, which means a long term decline, like I noted a few weeks ago.

Lets see if your gut works better than my charts.

I didn't buy much BTC, mostly ETH, MKR, ETC.

 

[moproblems99]

his gut will probably win actually.

bitcoin is the wild west, and even with Elon bailing it doesn't change the fact the whales know they can manipulate peons from abroad... without punishment. lot of suckers in the world. so zen will probably be ok, it will rise and fall often until countries realize they need to have a pre-requisite in place for banning all crypto from businesses, banks, and exchanges before trade deals can be signed. only America has the trading power to do this sort of brute force tactic, and I am afraid no one is smart enough on either side of the political aisle to implement it.

I think inflation has caught up with us. It will be magic (or pure denial) if there isn't a glitch in the matrix. The big question will be how much does it recover when this batch of those in the know bail out.

I think you have to ride this down turn at this point and eject on the rebound.

 

[ZenZimZaliben]

I been riding this roller coaster for over 10 years. You buy the dip an hold. I am not a Whale so I can't drop 500m in ETH to change the value, but what I can do is what for that to happen and buy and constantly be increasing my pool. IF you look historically you will see that is how it goes in an almost predicable way. So yes, you ride down and buy along the way and wait for the rebound, but don't sell, it this has happened many, many times.

Everyone says the Floor was 50k for BTC, well I always look at the "Floor" as like one of those Chinese man-made Islands or Disney-Land built on a swamp. It is a floor, but sorta squishy. lol. sometimes the floor drops and needs more dirt/infill(money) to stay up.

 

[phill]

I was hoping to catch up in here a bit sooner but it seems to have gone to that "he says she says bull ship" situation...

This was once a peaceful town... Sorry I'm a little all over the place..

I did mention to a mate about selling up but it never happened, shame really as we'd have had a pretty penny more than we do now, mot 1000's and certainly not 10000's but a bit more Oh well, opportunity missed....

How's everyone else's stocks/mining and such going on today?? .....

 

[R-T-B]

Only if you are looking short term.

I wasn't speaking short term.

fiat was going to exist before or after crypto's birth. bitcoin is using 512 terawatts... imagine if they added in the other coins to this chart...

Pretty sure charts like that don't distinguish coins (how could they anyways?) so you can consider them already added.

Let us know when you sell.

If he's smart not for a few years at least (usual time for a rebound), or never. You don't sell at a loss.

How's everyone else's stocks/mining and such going on today?? .....

I don't intend to change a thing, personally.

 

[phill]

I'm a little gutted we never sold at the higher marker but we always do it and miss out lol The what if's..... Thing is like you say, you keep hold just in case, if its up down left right, doesn't really matter... Long term is much more important...

 

[R-T-B]

That's how I feel. I've invested nothing but electric. If I lose everything I'm fine. If I gain a lot, that'd be pretty cool. But it needs to be like 1000% minimum gains or I'm not going to bother.

I'm in it for a moonshoot, lol.

 

[phill]

Was saying to my mate the other day, I'm not sure I know of anywhere that you can put $200 in to something and get a return in a month (for argument) of nearly 20 times that... Not even when interest rates where high could you get that much of a pay back..
It's definitely awesome that a single payout (0.1 for us) covers the needed bits and pieces for the month, the rest of it is all profit... Unreal

 

[trog100]

all is see is a little blip in what is still a crypto bull market.. i cant help feeling that its all engineered..

i will carry on playing the game exactly as before this small pull back engineered or not..

trog

 

[Nuckles56]

I'm a little gutted we never sold at the higher marker but we always do it and miss out lol The what if's..... Thing is like you say, you keep hold just in case, if its up down left right, doesn't really matter... Long term is much more important...

I waited a bit too long to cash out my most recent mining reward, but oh well, that's what happens when you play with crypto

 

[moproblems99]

I feel like this is different then 2016-2017. Maybe more like 1926-27.