Cryptocoin Value and Market Trend Discussion

[Vya Domus]

I still have my btc target since December last year of 79k - 89k for top then crash back to 9.6

What ? 9.6 K ?

 

[Bomby569]

I don't think a drop like that will ever happen, the concept is good and solid, the security increased a lot, and it's perfect for money laundering, your random dictator or corrupt politician

 

[Metroid]

What ? 9.6 K ?

More here https://bitcoinist.com/heres-why-bitcoin-might-not-dip-to-9600-to-fill-the-cme-gap/ , That cme gap was never filled, trolls were saying last year it would hit, I said it would not hit till it had gone to 79 - 89k then crash back down to fill that gap. So far I have been right, it never crashed to 9.6k to this date, my point I made at that time, that was a beartrap mentality and I was right. I already sold 80% what I had, still with 20% and waiting for btc to go a little bit higher then will sell the last bit I have. I will not make the same mistake I made in 2013 and 2018 of not selling the last 20% I had, this time I will sell it all I have.

Anyway, aside from that beartrap mentality that I was right, manipulators have gone with this bulltrap mentality that btc will hit 100k this cycle and I said it will not, will be close to 100k then crash very hard to fill that cme gap of 9.6k and stabilize around 15k -20k then next cycle it will hit 100k. Manipulators want to put this bulltrap mentality that btc will hit 100k this cycle and to make things even worse they are saying 300k hehe, they need people to think that, that is how they manipulate the market, so manipulators can sell the top they want to, I mean they are sure sheeps will not sell at 89k because sheeps will be waiting for 300k hehe then they sell everything they accumulated these past 2 years at 89k and then btc crashes to 20k and then sheeps afraid sell around 20k and btc flash crash to 5k or so and then manipulators buy that btc at that price and hold.

 

[Vya Domus]

More here https://bitcoinist.com/heres-why-bitcoin-might-not-dip-to-9600-to-fill-the-cme-gap/ , That cme gap was never filled, trolls were saying last year it would hit, I said it would not hit till it had gone to 79 - 89k then crash back down to fill that gap. So far I have been right, it never crashed to 9.6k to this date, my point I made at that time, that was a beartrap mentality and I was right. I already sold 80% what I had, still with 20% and waiting for btc to go a little bit higher then will sell the last bit I have. I will not make the same mistake I made in 2013 and 2018 of not selling the last 20% I had, this time I will sell it all I have.

Anyway, aside from that beartrap mentality that I was right, manipulators have gone with this bulltrap mentality that btc will hit 100k this cycle and I said it will not, will be close to 100k then crash very hard to fill that cme gap of 9.6k and stabilize around 15k -20k then next cycle it will hit 100k. Manipulators want to put this bulltrap mentality that btc will hit 100k this cycle and to make things even worse they are saying 300k hehe, they need people to think that, that is how they manipulate the market, so manipulators can sell the top they want to, I mean they are sure sheeps will not sell at 89k because sheeps will be waiting for 300k hehe then they sell everything they accumulated these past 2 years at 89k and then btc crashes to 20k and then sheeps afraid sell around 20k and btc flash crash to 5k or so and then manipulators buy that btc at that price and hold.

Dude this is bordering on being incomprehensible. Anyway you do realize there have always been CME gaps that never get field, right ? And by the way you're talking about one that happened more than a year ago. Bruh, what ? I mean why this one in particular ?

BTC will drop significantly when it nears ~90-100K simply because by most models it will have become overvalued by then.

 

[Metroid]

Dude this is bordering on being incomprehensible. Anyway you do realize there have always been CME gaps that never get field, right ? And by the way you're talking about one that happened more than a year ago. Bruh, what ? I mean why this one in particular ?

BTC will drop significantly when it nears ~90-100K simply because by most models it will have become overvalued by then.

That 9.6k cme gap is marked as the starting point of the bullrun, that is very important, if you dont find that important then it means you are not an avid trader like me, every detail matters in this market. Anyway, that is what I think btc is going back to when hehell crashes comes, even if is a flash crash, selling climax.

 

[Bomby569]

More here https://bitcoinist.com/heres-why-bitcoin-might-not-dip-to-9600-to-fill-the-cme-gap/ , That cme gap was never filled, trolls were saying last year it would hit, I said it would not hit till it had gone to 79 - 89k then crash back down to fill that gap. So far I have been right, it never crashed to 9.6k to this date, my point I made at that time, that was a beartrap mentality and I was right. I already sold 80% what I had, still with 20% and waiting for btc to go a little bit higher then will sell the last bit I have. I will not make the same mistake I made in 2013 and 2018 of not selling the last 20% I had, this time I will sell it all I have.

Anyway, aside from that beartrap mentality that I was right, manipulators have gone with this bulltrap mentality that btc will hit 100k this cycle and I said it will not, will be close to 100k then crash very hard to fill that cme gap of 9.6k and stabilize around 15k -20k then next cycle it will hit 100k. Manipulators want to put this bulltrap mentality that btc will hit 100k this cycle and to make things even worse they are saying 300k hehe, they need people to think that, that is how they manipulate the market, so manipulators can sell the top they want to, I mean they are sure sheeps will not sell at 89k because sheeps will be waiting for 300k hehe then they sell everything they accumulated these past 2 years at 89k and then btc crashes to 20k and then sheeps afraid sell around 20k and btc flash crash to 5k or so and then manipulators buy that btc at that price and hold.

there are millions of posts in the internet saying bitcoin would never hit 1000, 10.000, etc... and the same amount of people saying it would crash to almost nothing.

 

[trog100]

well i think 56K was the bottom.. bitcoin now hovering around 58K and ticking upwards albeit slowly..

this sheep says BAAA..

trog

 

[Metroid]

there are millions of posts in the internet saying bitcoin would never hit 1000, 10.000, etc... and the same amount of people saying it would crash to almost nothing.

I talked many times about this, bitcoin is limited and people who hold it might die anytime and as cryptocoins was and still underground to some extent, meaning, people will hardly say they invest on it to family members, meaning, they die holding bitcoin, meaning if it can't be sold, price will stay where it is or going up, meaning btc as it stands will only go up with time as every cycle comes, hype comes with it, manipulators know if they accumulate price will go up but once it rises too much, 5 to 20 times, people start getting profit because as everything in life even if is limited, there is a limit to how much it will go up every cycle, the moment you understand that, you become a better trader.

 

[Bomby569]

I talked many times about this, bitcoin is limited and people who hold it might die anytime and as cryptocoins was and still underground to some extent, meaning, people will hardly say they invest on it to family members, meaning, they die holding bitcoin, meaning if it can't be sold, price will stay where it is or going up, meaning btc as it stands will only go up with time as every cycle comes, hype comes with it, manipulators know if they accumulate price will go up but once it rises too much, 5 to 20 times, people start getting profit because as everything in life even if is limited, there is a limit to how much it will go up every cycle, the moment you understand that, you become a better trader.

You're seeing the problem from a wrong perspective. The value of one Bitcoin is irrelevant. The value is so high because there is not enough for demand, that's it.
If you fixate on the 60K or whatever value you loose track of the real value. If you could make more the value wouldn't be 60K, and then you'd be fine with it?

For me that thinking is like comparing stock values. For example MS was the most valued company in the world (idk if they still are but that's irrelevant)

Microsoft Is Now The World’s Most Valuable Company After Apple Falls On Earnings

Shares of Apple plunged after lackluster earnings, making Microsoft the largest company in the world by market value.

www.forbes.com

but there are stocks that have higher unit prices, so what does that mean to you?

 

[Chomiq]

More here https://bitcoinist.com/heres-why-bitcoin-might-not-dip-to-9600-to-fill-the-cme-gap/ , That cme gap was never filled, trolls were saying last year it would hit, I said it would not hit till it had gone to 79 - 89k then crash back down to fill that gap. So far I have been right, it never crashed to 9.6k to this date, my point I made at that time, that was a beartrap mentality and I was right. I already sold 80% what I had, still with 20% and waiting for btc to go a little bit higher then will sell the last bit I have. I will not make the same mistake I made in 2013 and 2018 of not selling the last 20% I had, this time I will sell it all I have.

Anyway, aside from that beartrap mentality that I was right, manipulators have gone with this bulltrap mentality that btc will hit 100k this cycle and I said it will not, will be close to 100k then crash very hard to fill that cme gap of 9.6k and stabilize around 15k -20k then next cycle it will hit 100k. Manipulators want to put this bulltrap mentality that btc will hit 100k this cycle and to make things even worse they are saying 300k hehe, they need people to think that, that is how they manipulate the market, so manipulators can sell the top they want to, I mean they are sure sheeps will not sell at 89k because sheeps will be waiting for 300k hehe then they sell everything they accumulated these past 2 years at 89k and then btc crashes to 20k and then sheeps afraid sell around 20k and btc flash crash to 5k or so and then manipulators buy that btc at that price and hold.

 

[Metroid]

You're seeing the problem from a wrong perspective. The value of one Bitcoin is irrelevant. The value is so high because there is not enough for demand, that's it.
If you fixate on the 60K or whatever value you loose track of the real value. If you could make more the value wouldn't be 60K, and then you'd be fine with it?

For me that thinking is like comparing stock values. For example MS was the most valued company in the world (idk if they still are but that's irrelevant)

Microsoft Is Now The World’s Most Valuable Company After Apple Falls On Earnings

Shares of Apple plunged after lackluster earnings, making Microsoft the largest company in the world by market value.

www.forbes.com

but there are stocks that have higher unit prices, so what does that mean to you?

Problem where? there is no problem, that is just supply, demand and manipulation on a limited commodity but like I said manipulation goes both ways, since july 2020 manipulation had gone up and up and still up, soon the manipulation will be going down down and down. That is how cryptomarket has always been since 2011 and betting against history one can lose a lot of money.

 

[Bomby569]

Problem where? there is no problem, that is just supply, demand and manipulation on a limited commodity but like I said manipulation goes both ways, since july 2020 manipulation had gone up and up and still up, soon the manipulation will be going down down and down. That is how cryptomarket has always been since 2011 and betting against history one can lose a lot of money.

if it is manipulation and nothing else like you say then the sky is the limit, it will keep going up and down so whoever manipulates can make money, if it crashes completely there's nothing more to manipulate. Your own argument fights agains you.

It's as much manipulation as any other stock if you watch them closely, going up and down constantly. People will always want to cash in, or there would be no point in investing.

 

[lexluthermiester]

And that's enough of the bickering, thanks. Let's get back on topic please.

 

[trog100]

wednesday mornng here in the UK.. bitcoin seem to be back in sideways mode.. hovering around 56K with eth doing the same..

gold has taken a big dive over the last few day and stock markets are flat..

i have a gut feeling something is about to happen but i havnt a clue what.. he he..

trog

 

[dorsetknob]

i have a gut feeling something is about to happen but i havnt a clue what.. he he..

Did You have a Curry last night ?

I hear and have read India is contemplating Crypto Ban

MSN

 

[Chomiq]

Did You have a Curry last night ?

I hear and have read India is contemplating Crypto Ban

MSN

They've been planning this for a long time as they want to play China and have their own government issued digital currency that they will use to spy on people.

 

[sepheronx]

Did You have a Curry last night ?

I hear and have read India is contemplating Crypto Ban

MSN

Yeap, the plan at least till Nov 29.

I can tell you, this is laughable. It wont be enforceable. China has a firm grip on their society. India does not.

Like the "farmer bill" that the corrupt Punjabi officials been fighting against and bringing out their useful idiots (and the NRI's who have so much money involved in the current scheme), forced Modi to eventually fold and tear up the bill. More people invest in crypto in India now than they do in gold. The government will end up getting so much hate that this would probably get the even more corrupt and idiotic Congress back into power (I hope not).

 

[prtskg]

Did You have a Curry last night ?

I hear and have read India is contemplating Crypto Ban

MSN

They are considering to ban some and allow some and regulate and tax the allowed cryptos.

 

[Vya Domus]

government issued digital currency that they will use to spy on people.

Every government has full access to all accounts of banks that operate in their country and probably outside of it as well on request, so that can't be the real reason, they can already spy with ease.

Many expect the crypto market will hit the peak of this cycle somewhere around the end of the year or very on early next year, the bill is supposed to pass in December. Makes you wonder, interesting coincidence or perhaps not.

 

[Metroid]

Imagine how many people got loans to buy crypto and in the end will not sell high because of greedy and will be in debt for the rest of their lives, crypto gone up significantly on last 18 months and when hehell crash hits, it will crash 50% in 30 minutes ehhe and after 2 weeks will crash more 45% at best, at worse 99% hehe

Sheeps will not sell at 60k - 89k top but they will sell when it crashes 90% hehe, truth here is only manipulators/wolves sell at top, sheeps will always sell at bottom and they think they will sell at top hehe, only the people who control the market will sell at top because they will create the top, pay attention that manipulators also create the bottom too. If manipulators want btc at 5k again then they will make sure btc crashes to that and stays there for a long time, manipulation is so strong in this market. They have the fiat and the coins to manipulate to anywhere they want to.

 

[R0H1T]

Yeap, the plan at least till Nov 29.

I can tell you, this is laughable. It wont be enforceable. China has a firm grip on their society. India does not.

Like the "farmer bill" that the corrupt Punjabi officials been fighting against and bringing out their useful idiots (and the NRI's who have so much money involved in the current scheme), forced Modi to eventually fold and tear up the bill. More people invest in crypto in India now than they do in gold. The government will end up getting so much hate that this would probably get the even more corrupt and idiotic Congress back into power (I hope not).

Do you have any numbers for that, or source? IIRC India is still the biggest importer of gold, outside China with their industrial use, & it's still one of the most popular instrument for investment. Crypto is still nowhere close, unless we're talking black money?

They are considering to ban some and allow some and regulate and tax the allowed cryptos.

That's not really enforceable ~ either ban all or ban none!

 

[Chomiq]

Every government has full access to all accounts of banks that operate in their country and probably outside of it as well on request, so that can't be the real reason, they can already spy with ease.

Not when you operate with cash. When I pay with debit card my bank knows where, when, they only don't know what exactly is it I purchased (say what I bought in grocery store). I would imagine it will be easier to track once IRS or whoever can link e-coin wallet ID on the receipt.

Imagine how many people got loans to buy crypto and in the end will not sell high because of greedy and will be in debt for the rest of their lives, crypto gone up significantly on last 18 months and when hehell crash hits, it will crash 50% in 30 minutes ehhe and after 2 weeks will crash more 45% at best, at worse 99% hehe

Sheeps will not sell at 60k - 89k top but they will sell when it crashes 90% hehe, truth here is only manipulators/wolves sell at top, sheeps will always sell at bottom and they think they will sell at top hehe, only the people who control the market will sell at top because they will create the top, pay attention that manipulators also create the bottom too. If manipulators want btc at 5k again then they will make sure btc crashes to that and stays there for a long time, manipulation is so strong in this market. They have the fiat and the coins to manipulate to anywhere they want to.

This you on June 26:

This will keep crashing litle by little then will crash a lot, people buying it now will regret very soon.

Since then:

I think you need to change your fortune teller.

 

[Vya Domus]

When I pay with debit card my bank knows where, when, they only don't know what exactly is it I purchased (say what I bought in grocery store). I would imagine it will be easier to track once IRS or whoever can link e-coin wallet ID on the receipt.

I still don't see why government issued crypto is required for this. You can achieve the same thing with the banking system currently in use.

That's not really enforceable ~ either ban all or ban none!

The concept of banning crypto is idiotic in first place, the only thing they can really do is force exchanges to delist coins, not ban them because that's not possible. But even then, there are still ways to get hold of them like unisawp, so it makes no real difference.

 

[Metroid]

.........

If you follow history you will see that midterm crash always happened, the question is if they would repump it or blaze to hehell, I said what was logical, even though history said they would reaccumulate again, I was saying there was a possibility of a hehell crash at that time. The same thing now, everybody is expecting a huge move upwards now and then a huge crash afterwards, for all we know it could just crash to hehell now, truth is there is no way to know these things, I'm not the one manipulating the market so clearly I have no idea where this is going, only manipulators know. Like I said before and that is why my theory will always work, cryptocoins rose too much and too fast, so a huge crash is expected and that always happened, and maybe trolls ask well, okay, so will it happen now? I say yes there is a limit to how much they can manipulate every cycle.

 

[R0H1T]

I say yes there is a limit to how much they can manipulate every cycle.

Right & that leverage or margin goes down each passing day as more (normal) users invest in crypto. Of course there's always squidgame & similar con schemes

Basically the more money is pumped in crypto the harder it is for one whale or even a bunch of whales to manipulate it, in that it's kinda similar to the stock markets! That is not to say they can't do fake news, or tweets, & crash it overnight but it's less of a problem if billionaires are already heavily invested in many of them.

I'd argue, if & only if you are looking to invest, just go with the top 10-20 biggest coins by market cap. They're "relatively" safe simply due to the sheer amount of money invested already. Again YMWV & do your due diligence.