Bitcoin news!

[Whorty]

Am still bearish in the short-term.

Yes, if I sold my short contract now I'd be doing so at a loss. But I standby my convictions, we're entering a downtrend brought about by everything that is happening in the world at the minute.

Am I going to double down? No.

But I thought all your investments were based on technical analysis. You're constantly arguing that the markets dropped due to technical reasons and not covid/world lockdown and yet you're saying bitcoin is.

[scooterscot]

They are. TA helps me understand the narrative behind the trends, if any.

Show me the charts and I'll tell you the news.

[jamesbrown]

They are. TA helps me understand the narrative behind the trends, if any.

Show me the charts and I'll tell you the news.

[jayn200]

I was dead set against bitcoin, now I am a bit more comfortable with it.
Still believe that if the current financial system sets it's mind to it could crash bitcoin in a few days.

But, a de-centralised currency and way of people becoming more independent in this house of cards could be all we need.
But a civil war might be needed or deeply unjust facts made public to shift opinion. We'll see what the future gives.

Bitcoin doesn't really exist as a currency. It's way too volatile. People will still occasionally spend it for a couple reasons: Because they are already holding it and it is easier to purchase goods directly in btc rather than selling them and then paying in fiat or when they are trying to hide a transaction for whatever reason (whether or not it actually accomplishes that).

It needs more stability, otherwise it'll only ever be traded for fiat and never for goods/services. How do you add stability will keep the goods things about bitcoin? I don't think you can.

[scooterscot]

Bitcoin doesn't really exist as a currency. It's way too volatile. People will still occasionally spend it for a couple reasons: Because they are already holding it and it is easier to purchase goods directly in btc rather than selling them and then paying in fiat or when they are trying to hide a transaction for whatever reason (whether or not it actually accomplishes that).

It needs more stability, otherwise it'll only ever be traded for fiat and never for goods/services. How do you add stability will keep the goods things about bitcoin? I don't think you can.

Stability comes in time like any other currency when adoption comes. Until then its

If you believe adoption will never come, don't stack. If you do (me), stack stack stack.

[AtW]

Just like Michael Burry in the Big Short... I've bought a product that pays out if the market capitulates. Of course, I need to pay everyday as intra-day movements nibble into my position.

However this is something I've studied a lot, it will pay.

The main thing in Big Short was the one you failed to learn - when you guess it right the banks will try to feck you up, and your position isn’t even managed by somebody big enough like Goldman.

btw - reports are that there is renewed demand for GPUs for tulipmining, you know what that means...

[AtW]

But I thought all your investments were based on technical analysis. You're constantly arguing that the markets dropped due to technical reasons and not covid/world lockdown and yet you're saying bitcoin is.

Technically all Poopers “investment” decisions are based on bulltulip

HTH

[AtW]

Just like Michael Burry in the Big Short... I've bought a product that pays out if the market capitulates. Of course, I need to pay everyday as intra-day movements nibble into my position.

However this is something I've studied a lot, it will pay.

Please post daily how much it costs you

[Andy2]

bitcoin up 0.3%
scooty is loss today -0.9% of $200k = $1800

[Old Greg]

Please post daily how much it costs you

It doesn't cost him anything as he never sells at a loss.