The Bitcoin Tracking Thread

[ziero0]

In starting to think it could take a dump back into the 40s.

The only reason I am not living in a 200 ft x 300 ft mansion is they don't make tape measures out of spandex.

Btw...I found some old records that showed the value of 120 year old $10 gold eagles was around $182 in 2002. So I would guess the FRN of today has a value of 20% of one 20 years ago. INSANE!!

Maybe I have some S&H green stamp books around here too!

[woodman]

The only reason I am not living in a 200 ft x 300 ft mansion is they don't make tape measures out of spandex.

Btw...I found some old records that showed the value of 120 year old $10 gold eagles was around $182 in 2002. So I would guess the FRN of today has a value of 20% of one 20 years ago. INSANE!!

Maybe I have some S&H green stamp books around here too!

Okay, now that there is some funny shit!

[Shami-Amourae]

The price has been consolidating and coiling up for a major movement likely upwards. There's a downside risk too but less likely as a lot of the indicators have been flipping bullish recently.
Possibly in 1 week.

I've been accumulating Monero and Litecoin.

[PatColo]

The price has been consolidating and coiling up for a major movement likely upwards. There's a downside risk too but less likely as a lot of the indicators have been flipping bullish recently.
Possibly in 1 week.

I've been accumulating Monero and Litecoin.

Jeff Berwick's latest yest,

Apr 08, 2021
You Can Ignore Reality But You Can't Ignore the Consequences of Ignoring Reality

at around 30m, gets into cryptos, he's bullish on all + physical Au/Ag, but gave a pitch for "Pirate Exchange" (ARRR), under a buck, "the most private crypto there is"

but for fun, start @ 24m - for the segment with Chris Sky going into a Walgreens bareface, with cameraman, getting harangued; he mocks & blows off his harassers... checker told not to check him out but he leaves $20 cash for his quart of maple syrup (which included tip) & leaves store. priceless, brass balled Cannuck!

[Shami-Amourae]

Jeff Berwick's latest yest,

Apr 08, 2021
You Can Ignore Reality But You Can't Ignore the Consequences of Ignoring Reality

at around 30m, gets into cryptos, he's bullish on all + physical Au/Ag, but gave a pitch for "Pirate Exchange" (ARRR), under a buck, "the most private crypto there is"

but for fun, start @ 24m - for the segment with Chris Sky going into a Walgreens bareface, with cameraman, getting harangued; he mocks & blows off his harassers... checker told not to check him out but he leaves $20 cash for his quart of maple syrup (which included tip) & leaves store. priceless, brass balled Cannuck!

I'm fully aware of Pirate Chain but I don't think it will catch on. I did seriously look into it though.

Every privacy chain that's gone up against Monero has failed.

I invested heavily into alternatives to Monero and got burned every time into the six figures. I just don't see Monero having any competition.

[vacuum]

I’m thinking potentially 2 weeks or more crabbing at $57k, then a collapse down to $42k or so before continuing on to make new highs.

It did this in 2017. First three Elliot peaks were May 11, May 25, and June 12. That took 32 days.

Then it started slowly going down for another 32days, before finally collapsing down to the peak of the first Elliot wave.

Same structure here, we have three Elliot peaks, but this time it took 64 days between first and third peak. We’ve been crabbing for 26 days since the peak. So it could keep going for a while potentially, but it has been nearly a month. But the problem is that everyone is exhausted and don’t feel like buying. The longer it crabs, the more deleveraging will occur which push the price down and deleverage others. Once all this is worked out and also taxes have been paid for the May tax date, and once summer inflation starts to cause the fed to control yields, it will start rocketing again.

That said, this is just a guess. I thought it was going to break out last week.

[vacuum]

I’m thinking potentially 2 weeks or more crabbing at $57k, then a collapse down to $42k or so before continuing on to make new highs.

It did this in 2017. First three Elliot peaks were May 11, May 25, and June 12. That took 32 days.

Then it started slowly going down for another 32days, before finally collapsing down to the peak of the first Elliot wave.

Same structure here, we have three Elliot peaks, but this time it took 64 days between first and third peak. We’ve been crabbing for 26 days since the peak. So it could keep going for a while potentially, but it has been nearly a month. But the problem is that everyone is exhausted and don’t feel like buying. The longer it crabs, the more deleveraging will occur which push the price down and deleverage others. Once all this is worked out and also taxes have been paid for the May tax date, and once summer inflation starts to cause the fed to control yields, it will start rocketing again.

That said, this is just a guess. I thought it was going to break out last week.

Wow, how can I be totally wrong every time

[Shami-Amourae]

Wow, how can I be totally wrong every time

You need to learn how charts work:

[Shami-Amourae]

Pirate Chain is definitely picking up steam now and will probably make people fortunes. I already feel like I missed the boat. I still don't see how this will catch on long term and beat Monero though. I mean the name is absolutely stupid, it's like Ghost all over again. I'm mostly only interested in how much Bitcoin and Monero I have long term. People accept payments increasingly in Monero as it is real money, and the fees are almost 1 cent now.

Monero likely will skyrocket in use once physical cash is banned.

[vacuum]

Looks like we got played this time:



That’s ok for me, more time to buy at low prices.

Clearly the big boys killed two birds with one stone, First, profiting and milking the public, and second, bringing the price back so they can accumulate.