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Agreed. I'm just waiting for the government to fuck up. We all know there is no way for them to put humpty dumpty back together again after he was fallen off the wall, but we need them to make a move. I think they are scared shitless. They don't want to drop rates and admit things are...

I am of the opinion that if there is too much clashing, nothing gets changed or upgraded, and bitcoin continues to function in its current form. It really doesn't need any upgrades. Sure, improvements to increase scaling sound great, but I'm always worried about the unintended consequences, so...

Wow... I love all this history... thank-you for sharing.

What if the reason for the never ending rally in equities is because of something similar to Weimar Germany? What if we are seeing the beginning stages of hyperinflation? Its like if you're getting sucked into a blackhole. At first you're moving slowly, so you think everything is ok, but you...

I have thought so much about what I would have done if I bought Bitcoin back at $100 when I first considered but got scared because of all the ties with the drug industry. Seeing how my trading in the futures markets had gone these past few years, its likely that I would have sold after just...

I should also add that there are likely true bitcoiners dumping as well, all hoping to buy back in at a lower price. There are people who try and time the market in order to accumulate more bitcoin, and they are perhaps shorting as well. And as lots of people point out, a test of the low 50s...

To all the bears in the past few pages, yes, price is dropping right now, which does suck, but the thesis for bitcoin hasn't changed. If you tell me how the government plans to fix the corner that they are backed in with debt, deficit, interest rates, government spending, etc, then I might be...

That is because nobody expected the amount of bullshitting that could be done in order to keep the wheels on. Before 2008, QE was never really a thing, and then it hit the scene. The Fed never even reduced their balance sheet. I have learned that one way to look at it is that there was never...

I kind of agree. The pain isn't real yet... and breaking that obvious swing low at 56.7k seems like a good way to catch lots of stops. After the low on May 1, there was a very healthy rally, but then that pull back in the red circle. This time around, the second red circle, the rally isn't...

Its interesting the way its all worded about interpretation. What it sounds like to me is that you have a bunch of useless bureaucrats who pass regulations and then because those regulations are so stupid, you need a bunch of bureaucrats to interpret those regulations. There will of course...

Macro is not my cup of tea either, but it seems to me like the right thing to do is to let the market decide what the price should be. If they don't want a weak currency, maybe they shouldn't have interest rates so low. They have already wasted billions of dollars artificially creating demand...

I'm guessing it means Point of Control on the Volume Profile

Gotta play the long game. Its been a 350% rise from the lows at 16k. And I really do think that now, there is lots of trickery going on by the traditional financial market. This consolidation for months has been rough, but Bitcoin isn't about making money or getting a good return, its about a...

Wow... quite the exciting last few pages. To all the Bitcoin haters, tell me how the government continues to function with $2T deficits? I don't have the post handy, but I saw that 90% of all revenue was eaten up by interest expense, defence, Medicare, etc, so essentially, the fixed costs...

I think when it comes to diagonal lines, it gets very tricky. Your upper line has a very recent connection, so its not that obvious. If we draw the green line, using an earlier high, we get not so much a trend line, but a price level, and this created a bit of a reaction, but broke easily, and...

You're 2 for 2! (sorry Schizo... I gotta give this one to John again) Its truly amazing how weak the government is. The rules were very clear. Anything over 250k is not insured, and yet, everyone was bailed out. Just like in 2008. There have been so many chances for the government to...

I have vowed to not argue with you, but I simply want to encourage you to explore what money is. If you truly understand what money is, and its actually quite simple, then you would also understand why the current form of money is so toxic. There is no way that you can both truly understand...

You beat me to it John... although I wasn't gonna swear.... LOL.... I was gonna reply to you earlier Schizo about this exact same line, but John beat me to it. No bitcoiner is asking for a bailout. We are here to bail out the fiat system. I go from being bearish to incredibly bullish. The...

What kinds of trades is it putting on when it losses trade after trade? With your algo that won every day, it was easy to understand that on some days, the contracts would pile up with all the add-ons and reversals, so it was only a matter of time until there was a loss on a big position...

I have to circle back to this specific point again because I just saw a video that blew my mind. This is a guy I no longer watch but somebody reposted this video. This guy essentially summarizes everything that I have been trying to convey in my replies to you. He argues that there is no point...