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  1. N

    They Work in Crypto, ...

    Sorry, this goes over my head. The acronym in crypto world, POS, stands for proof of stake, so I keep getting thrown off since you're clearly not saying this. Maybe point of sale? I have no fucking idea. And I don't even know why you're talking about an FX hedge. We are only talking about...
  2. N

    They Work in Crypto, ...

    Sure, lots of volatility. And yes, lots of manipulation. But you need to understand that when you have bitcoin that you control, there is nothing anyone can do to you. All of this will settle down at a much higher price. In the financial system, I have learned that UST's are considered...
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    They Work in Crypto, ...

    It was designed to fuck the little guy. They don't teach this in school so that most people accept being fucked. But the secret is getting out. Once everyone knows they are getting fucked, and don't want to be fucked, they buy bitcoin, and then bitcoin takes over. Who the fuck still uses...
  4. N

    They Work in Crypto, ...

    And yes the hashrate for bitcoin is exponential. So why are so many people putting resources into this? Listen, the most benefits from crypto right now don't come to people like you with special privelages. But enough westerners even have had bank accounts closed that even they start to...
  5. N

    They Work in Crypto, ...

    Good, we are on the same page. Yes, fractional reserve is the problem. The beautiful thing about bitcoin is that is can act as a store of value and method of exchange. It has all the properties in one. Imagine marrying the girl you truly love who is also the dirtiest whore you ever fucked...
  6. N

    They Work in Crypto, ...

    You're starting to think. If you did enough research, you will see nobody controls bitcoin. Its a system where there are rules without rulers (Take from Andreas Antotopolus). Very much like nature. You don't eat, you die. You don't breathe, you die. You don't have shelter and bad weather...
  7. N

    They Work in Crypto, ...

    I understand that as a method of exchange, on-chain bitcoin transactions aren't ideal. I see the future as the base layer settling high value transactions and everyone else goes to some L2. Fiat will of course always exist, but when you understand that this system is based on debt, and the...
  8. N

    They Work in Crypto, ...

    I do think though that there is a chance for bitcoin to still come down in price. When a depression hits, people won't be buying bitcoin initially, and as we see in every crash, people sell anything just for liquidity. But it will very quickly start an enormous rally once people see they need...
  9. N

    They Work in Crypto, ...

    Aye. This goes along with my earlier post. The only reason we need fiat is because the world doesn't yet know how to price bitcoin, but it very quickly will. Imagine you going to the store one day and asking "how many sats for this TV".... People already do conversions in their head very...
  10. N

    They Work in Crypto, ...

    I just don't believe any type of metrics used for buying and selling. Its just like gold prices... there is one price, but that doesn't really reflect the price to buy physical gold since its suppressed by all the paper gold. When you buy bitcoin on an exchange, it isn't really yours until you...
  11. N

    Support & Resistance levels , and moving averages are just meaningless lines on the chart.

    This is exactly what keeps coming up to me over and over, year after year. There is simply nothing on its own that is either really good, or really bad. I'd love an indicator that never worked. If every time it told me to buy something and the price dropped, fuck, I'd just learn to always...
  12. N

    They Work in Crypto, ...

    Sure, this all sounds good as a way to handle all the backend work, but the question remains about what you negotiate as a salary. If the salary is $100k USD per year, congratulations, you are losing 5% every year to inflation but its consistent and predictable! :) If the salary is 4 bitcoin...
  13. N

    They Work in Crypto, ...

    I think I see a pattern here. When Bitcoin is down and bullshit posters are on the attack, that is the time to buy. Lots of people are getting bullish... for example... And also Adam Back is betting on 100k before the halvening if I remember correctly. A general stock market crash could...
  14. N

    They Work in Crypto, ...

    I am honestly not sure how this works. The way I see it, either the employer or the employee takes a huge risk. At these prices now, I'm feeling very confident that its up from here. Even a dip down to 20k or 15k would happen very quickly in my opinion. One of the things that really stood...
  15. N

    Support & Resistance levels , and moving averages are just meaningless lines on the chart.

    Thanks for the detailed explanation. It makes sense, but I prefer simply looking at key levels. To me it wouldn't matter what price did 5 or 10 days ago unless there was an obvious reaction there. But I'm sure that if you look at this enough, your brain starts picking up on the patterns, and...
  16. N

    Support & Resistance levels , and moving averages are just meaningless lines on the chart.

    LOL... Well done! It does certainly provide an excellent overview.
  17. N

    They Work in Crypto, ...

    Wow... we have been so patient with you for months, but probably even years. John pointed out all your fallacies but you still keep arguing. You said you don't know how to value it, and then you give a perfect explanation that works for you. Stick with supply and demand and wait for it to...
  18. N

    Support & Resistance levels , and moving averages are just meaningless lines on the chart.

    So can you comment on what the purpose is of this 1 MA that is shifted over? I honestly can't figure out what its supposed to tell me.
  19. N

    Index futures automation

    I wanted to ask you about this because I see things a bit differently. You seem to call "lack of slippage" as high volume, but to me, MNQ, even with the higher volume, has lots of slippage because its supposed to track the NQ, but often during times of spikes, can easily deviate by several...
  20. N

    Support & Resistance levels , and moving averages are just meaningless lines on the chart.

    Mickey... is this really it? Is this what was so secret that you were only gonna tell one member who would swear not to reveal it? I honestly can't comment because I have never looked at it, so I wouldn't even know how to read it or use it.
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