Crypto discussion

[Montoya]

True that's a pityful spike compared to what happened before. So your not wrong. He finally gambled away his charm it seems.

DOGE will keep on going because of him, but the rest of crypto will need to move on without him

BTC is mad because he went from full on embracing them to kicking them off his page in a matter of weeks. BTC maxis are pissed!

But this is all on him. BTC is not a peer-to-peer currency anymore. It has not changed or improved, it is slow and expensive. For Elon to pick BTC for payments is his failure at recognizing that almost every other crypto out there could have done it better, faster and cheaper.

 

[Patrick Spaceman]

Coinbase saying they will begin trading DOGE is weird.

Feels like they just want to get some of that transaction commissions.

The reason why they won't list Digibyte...wont get much in the way of transaction fees. A crypto exchange is like the automotive industry...the bulk of the revenue made from selling a vehicle, isn't from the sale itself. It's from servicing, parts, extended warranties, gap insurance, junk insurance, car alarms (I just got a few hundred $$ back from a class action against Toyota adding junk insurance onto loans for cars from a few years ago). In the case of an exchange, they don't like listing things that have low transaction fees (unless they think they can pump and dump it), or otherwise manipulate it.

 

[Spicy Spleen]

BTC is mad because he went from full on embracing them to kicking them off his page in a matter of weeks. BTC maxis are pissed!

What do you understand of this info?
BITCOIN MANIPULATION 2021 - Textbook Wyckoff Distribution Exposed!

View: https://www.youtube.com/watch?v=Lhf_2gJJS1I

 

[Montoya]

What do you understand of this info?

Lots of noobs discovering technical analysis for the first time.

 

[Spicy Spleen]

Lots of noobs discovering technical analysis for the first time.

It is something he posted this bitcoin crash prediction on Apr 25, 2021. like a wizard

 

[Montoya]

It is something he posted this bitcoin crash prediction on Apr 25, 2021. like a wizard

Its right until its wrong.

 

[Jolly_Green_Giant]

Survey finds one third of crypto buyers don't know what they're doing (cnbc.com)

 

[Grimbli]

That's like saying, "Survey finds one third of adults don't know what they're doing."

 

[Aramsolari]

Buy high sell low!

 

[Jolly_Green_Giant]

I think I picked the absolute worst time to buy crypto.

 

[Montoya]

This is hitting peak despair, if you have free cash you are trading with, this is the time to load up.

 

[Michael]

What do you understand of this info?
BITCOIN MANIPULATION 2021 - Textbook Wyckoff Distribution Exposed!

View: https://www.youtube.com/watch?v=Lhf_2gJJS1I

Wyckoff needs Volume confirmation which he simply hasn't checked

 

[Spicy Spleen]

Wyckoff needs Volume confirmation which he simply hasn't checked

Coin Bureau did a video on this as well. interesting topic IMO

Crypto Market Manipulation! Wyckoff & WHALES!!

View: https://www.youtube.com/watch?v=ltcnTTeDFjY

 

[Michael]

Coin Bureau did a video on this as well. interesting topic IMO

Crypto Market Manipulation! Wyckoff & WHALES!!

View: https://www.youtube.com/watch?v=ltcnTTeDFjY

to be clear I'm not saying the market isn't manipulated. Thats painfully obvious.
But the Wyckoff analysis is just simply incomplete. cheers

So its like using the formula wrong, but getting the right result ^^

 

[Montoya]

So its like using the formula wrong, but getting the right result

Ive seen people claiming tops based off Wyckoff analysis every few months. Im not saying its completely wrong, the psychology is simple human nature, but this last top we had is just one in a long series of people calling tops.

 

[Radegast74]

This cracked me up, the article was how the police identified a house consuming large amounts of (stolen) electricity...the raided it expecting to find a cannabis farm, but no --> it was a Bitcoin mining op, lol

Police find bitcoin mine using stolen electricity in West Midlands

Officers expected to discover a cannabis farm when they raided building on industrial estate

www.theguardian.com

 

[NaffNaffBobFace]

This cracked me up, the article was how the police identified a house consuming large amounts of (stolen) electricity...the raided it expecting to find a cannabis farm, but no --> it was a Bitcoin mining op, lol

Police find bitcoin mine using stolen electricity in West Midlands

Officers expected to discover a cannabis farm when they raided building on industrial estate

www.theguardian.com

I was coming to post this :-D

 

[Montoya]

“We’ve seized the equipment and will be looking into permanently seizing it under the Proceeds of Crime Act. No one was at the unit at the time of the warrant and no arrests have been made – but we’ll be making enquiries with the unit’s owner.”

Next headline : West Midlands police fund own operations, no need for tax revenue.

 

[Aramsolari]

“We’ve seized the equipment and will be looking into permanently seizing it under the Proceeds of Crime Act. No one was at the unit at the time of the warrant and no arrests have been made – but we’ll be making enquiries with the unit’s owner.”

Next headline : West Midlands police fund own operations, no need for tax revenue.

I can imagine it now…

“West Midlands Police to phase out their fleet of Vauxhalls for Lamborghinis; Our constables deserve the best!”

 

[Sky Captain]

The market is still on track for future tankage based on the CAPE / Shiller PE index being so high. Surely crypto will be the first asset sold to get into cash.