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    Originally posted by Lance View Post
    they are not BTC transactions though.
    They are, but they are kept off the books since wonderful tulicoin blockchain can't handle it cheaply/quickly enough.

    Comment


      Originally posted by AtW View Post

      They are, but they are kept off the books since wonderful tulicoin blockchain can't handle it cheaply/quickly enough.
      then they are NOT BTC transactions.
      There's no such thing as an off-book transaction for BTC. There are transactions.

      If the exchange doesn't have it 'on the books' then you are 'buying' a 'share' in their BTC pool. They might have enough BTC to underwrite it. Or they might not.
      See You Next Tuesday

      Comment


        Originally posted by Lance View Post
        then they are NOT BTC transactions.
        They are - buying/selling BTC tulip.



        Comment


          Originally posted by AtW View Post

          They are - buying/selling BTC tulip.


          Are they regulated? Do they have to prove to a regulator that they have sufficient BTC capital to cover the deposits?
          I don't think they do.

          Their promise to pay me the number of BTC I have is only as good as their balance sheet.
          BTC isn't a ponzi scheme, but I reckon quite a few of the exchanges are.
          See You Next Tuesday

          Comment


            It's Scam of the Century, that's for sure.

            Comment


              Originally posted by AtW View Post
              It's Scam of the Century, that's for sure.
              not if you sell before it collapses
              See You Next Tuesday

              Comment


                "Bitcoin going to $22k ??

                Why so bearish? A few reasons - on the above 4-day chart following the overbought conditions (green columns) there is:

                1) Regular Bearish divergence between price action and ALL oscillators. 1 of 3 can be ignored. 3 of 3 is alarm bells. This is a powerful signal a strong reversal is imminent.

                2) RSI support breakout. Highlighted in ‘blue’ you can see two things:

                a) RSI support was broken.

                b) RSI came back up to test support and was rejected.

                3) On the 2-week chart below, the last candle printed is considerably bearish . Not quite a gravestone DOJI (candle body too thick), but nonetheless, huge amounts of selling pressure.

                Why $22k? Look left. Previous corrections from RSI @ 90+ resulted in price action finding support on the 0.618 golden ratio. Historically Bitcoin has a lot of respect for this Fibonacci ratio. Right now the 0.618 is at $21,700k."

                Source: https://www.tradingview.com/chart/BT...-going-to-22k/

                Comment


                  LOOK LEFT!!!

                  Or else

                  Comment


                    Originally posted by AtW View Post
                    "Bitcoin going to $22k ??

                    Why so bearish? A few reasons - on the above 4-day chart following the overbought conditions (green columns) there is:

                    1) Regular Bearish divergence between price action and ALL oscillators. 1 of 3 can be ignored. 3 of 3 is alarm bells. This is a powerful signal a strong reversal is imminent.

                    2) RSI support breakout. Highlighted in ‘blue’ you can see two things:

                    a) RSI support was broken.

                    b) RSI came back up to test support and was rejected.

                    3) On the 2-week chart below, the last candle printed is considerably bearish . Not quite a gravestone DOJI (candle body too thick), but nonetheless, huge amounts of selling pressure.

                    Why $22k? Look left. Previous corrections from RSI @ 90+ resulted in price action finding support on the 0.618 golden ratio. Historically Bitcoin has a lot of respect for this Fibonacci ratio. Right now the 0.618 is at $21,700k."

                    Source: https://www.tradingview.com/chart/BT...-going-to-22k/
                    Scooter makes a bearish call and guess what? BTC starts going up.

                    BTC was approx $50k when he came up with this a week ago. It's currently just shy of $55k.

                    Let's see how this $22k prediction pans out.
                    Last edited by DealorNoDeal; 9 March 2021, 06:30.
                    Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.

                    Comment


                      It's more about the "audience" he has there, stroking his narcissism, see the top comment.

                      He also implies alt-coins aren't coupled to BTC, nothing is more true. It's kinda weird he's stuck to his guns after being so wrong, perhaps it's all parody at this point.

                      Comment

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