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I actually don't think its so absurd. A simple analogy that I could use is this. (granted, it may not apply directly enough to the case, but I think it still makes sense to illustrate how one thing can sometimes be different things) Gold for example is sometimes just gold, but sometimes its...

Makes total sense to me. If I keep buying just a little bit, I still have a good chunk of money left if we drop below 20k lets say. If we just keep going up, at least I was still buying. If I wait to buy unless we are below 20k, I might never get to accumulate any more. And if I go all in...

I did just watch a video from a finance channel who had Ben as a guest, and if I recall, he thought the high in 2023 would only be 35k. Perhaps it was just a temporary top, I'm not quite sure, but he certainly wasn't that bullish for ATH's this year I don't think. For me personally, I am...

Wait a minute.... not only are there serious accusations that traders aren't being paid after making money, but you're telling me that they first take your money?? I'm not following this thread too closely, and have no idea what this firm even is, but if you're telling me that first you need to...

The free market regulates itself quite well. We just keep getting in the way of it with government spending and endless money printing. We already have enough worker protections and things along these lines to not worry about extreme cases like slavery or employee abuse.

I agree with your desire for change, but its obvious that the current way of doing things isn't working. Making government bigger, and thereby hoping they pass more laws in order to help the little guy is only making everything more expensive and enriching both the government and the...

So do we give you credit or scold you for missing the target by 1 tick?? :D Really great calls these past two days.

I haven't watched the video, so there is that caveat, but I have thought about these discussions and arguments for a very long time. I do think that the delta between worker and CEO pay is extreme, but I do also believe in the free market's ability to price everything. But what is happening is...

Out of curiosity speedo, is this representative of the type of trading you are doing? Are you using 3 points stops and target that are 1x, 2x, or 3x of this? It looks like for the second trade you suggest, that is a wider stop, so its clearly PA based, which is of course the best sort of stop...

Thanks for the attempt to mark up a chart. I don't have time to figure out what the two entries you're trying to show would be, but are you saying you took these trades? It seems the first one, a long at 4414.25 has tiny targets (but luckily also a tiny stop), but its very much in the middle...

All fair points, but would you be willing to share how you traded this today? Care to show a chart with your entries?

I just finished watching a CTO Larsson video yesterday about the down slopping channel that bitcoin is in and..... it broke out hard! He has the right idea because he is prepared for every scenario, but by the time he makes a video about it, the opportunity is gone... like where he bought at...

Aye, you're not understanding my point. Its like guys who say don't trade chop. You only know its chops once you've been stopped out a few times from your entries that are trying to catch a trend. If the longs fails, and the shorts fail, then they call it chop. But to say don't trade chop...

This is an excellent point. Its like even TradFi knows how unique bitcoin is. They know they can't just do some funny stuff to balance the books. I wonder if there was anyone smart enough to realize that FTX was a joke simply because they were the only ones bidding on BlockFi and Voyager...

I have to give a like just for the cool animated GIF!

So here is the point though. By the time you say the range was established, meaning you had the high and low points set, it didn't make it down to the bottom again, and it broke out of the top. Now if you're taking a long after 10:55 in anticipation of a double bottom and possible range...

Speedo, I think you're a good guy, but jesus, these types of "hints" about the type of day it is after 5 hours post market open is a joke. I can tell you with 100% accuracy what the weather was yesterday.... so let me know if you find that helpful. The question now is, did you fade the BO...

Of course with fractional reserve banking, that is how new dollars are created... ie. lent into existence. With borrowing, nothing new gets created. But here is how I'm looking at it. Will the bitcoin lending be on chain? For example, if Blackrock has 100k bitcoins, and lends half, will...

This is the part that I wonder about. Yes, its easy to verify that they own 100k bitcoins. But the thing is that nobody will know how much they say they lent out. How will we know that it doesn't turn into fractional reserve banking where banks can write loans for 9x of their deposits? The...

The sentence from @onrambitcoin is very concerning about how Blackrock will be a massive creator of paper bitcoin. Imagine if one day paper bitcoin exceeds 21 millions coins.. and hence everyone will know there is something wrong. Hopefully enough people will get wrecked to understand what...