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Dude, what's happened to "we ain't going down in our lifetime" meme? :D Anyway, glad to see you're finally catching up to reality (or is that the other way around?)

Suppose Bitcoin were to become a national currency tomorrow. USD is replaced by BTC and everything is priced in BTC. Do you really believe that would change anything? Moreover, do you think that would change people's spending habits? Most Americans (and Canadians) are shopaholics. They would...

But that's what you were implying in your earlier post, that the only way out of the current mess is to adopt bitcoin as the FIAT. Or did I get that wrong?? The government and public will continue their spending binge, no matter what currency we use, be it USD or Bitcoin. Again, human nature...

Spec, you really need to show the dude what you're capable of. Otherwise, he won't leave you alone. :) Show your trading prowess by posting in real time. I know you can, and will. I'll be rooting for ya.

Only if everyone's motive was as patriotic as yours. Unfortunately, they just wanna fatten their greedy belly. Also I don't believe a fix can be found just by exchanging one form of fiat for another. Unless, we're able to change our spending habits altogether, we're never getting out of this...

LOL ES only gapped up 10 points. Was hoping for like 20 points.

Guys, there's a politics section for this.

Frankly, spreading rumors like this is a bit too much for me to stomach. As before, Bitcoin fanatics are hard at work again to pump up the price.

forbes.com ‘It’s Inevitable’—Bitcoin Price Suddenly Soars On Wild Rumors Donald Trump Will Create A U.S. Bitcoin Strategic Reserve Jul. 21st, 2024 Bitcoin Bitcoin 0.0% has exploded back to life this month as traders bet former U.S. president Donald Trump will trigger a bitcoin price boom...

Sometime between September and October we should see a big drop IMO, likely over 10%. Mark your calendar.

Hey you might as well post a chart of gold, wheat, and cattle feeder as well. :sneaky:

We've been through this before, so I will make it brief. Bitcoin is controlled by the market, namely buyers and sellers. And the greed and fear that drives the market will never go away IMO. As such, bull market will be followed by bear market, and back and forth, ad nauseam. Lastly, my job as...

Unfortunately, that's what money does to our brains. Well, I doubt any of your former colleagues are laughing at you now. But as a technician, this doesn't concern me that much. I'm sure price anchoring has it's place in the market and does impact investor's behavior, but I'm more interested in...

Okay, let me step back and restate differently. It's the whales that have been buying and pushing up the current rally. Now the little fellows will be climbing aboard in the hopes of catching the runaway train. How's that for a change? BTW I ain't interested in the semantics. What I was...

The retail is the FOMO, eg. dumb money. Up to now, it was mainly institutional buying. But now you will see the retail participation in earnest. They're always late to the party.

Man, you sound weird. What ya been smoking lately? It doesn't sound like the same V-man we're used to hearing. Anyway, I agree there will be a retracement, but I wouldn't expect too much. As with all bull market tops, it will simply fizzle out with a double-top. Then we can all sing merrily to...

Of course, you need to prepare. 1. You need to know all the key price levels, such as support and resistance. 2. You'll need to also know price momentum on different timeframes. Is the price a higher high or lower low, and if so, by how much? This tells you about the underlying market...

No you obviously don't. We haven't even seen the real FOMOs yet.

Just like what happened back in 1999, which suddenly came to a screeching halt with the market crashing in March 2000, followed by the 9/11 terrorist attack. But here we are again 25 years later. It would have been foolish to think otherwise because human nature (aka greed and fear) never...

Good analogy. But, in reality, I'm afraid it's more like this.