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63 Pages«<616263
Bitcoin: Does it have a future ?
mnandii
#1241 Posted : Monday, August 10, 2020 7:02:12 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,249


The preferred Elliott Wave count is effectively eliminated at this point. Bitcoin is rising in wave 3 of (3). Expect moves beyond the previous $19,000 high.

BUY and hold if not yet in.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
snifadog
#1242 Posted : Monday, August 10, 2020 9:47:51 AM
Rank: Member


Joined: 6/6/2016
Posts: 149
Location: Nairobi
good you came back to your chart to point out the invalidation on this last pump above 12k. stones were about to be thrown at you :) criticism will sharpen your skills
Jon Jones
#1243 Posted : Monday, August 10, 2020 12:59:17 PM
Rank: Member


Joined: 9/11/2015
Posts: 170
Location: Thika
snifadog wrote:
good you came back to your chart to point out the invalidation on this last pump above 12k. stones were about to be thrown at you :) criticism will sharpen your skills


Mnadii is a dedicated guy but his big ego is his primary undoing. The market punishes a big ego hence his frequent bad calls. He cannot make two correct calls in a row but he still believes that Elliot Waves are the holy grail. I want to make him a better trader through constructive criticism so that the market can stop beating him up. Today's morning call of Bitcoin opening with a big dump, if he cared to look at other indicators such as the stochastic RSI on the 4hr, he would have seen that the day would likely open with a rally, not a dump. He will continue making incorrect calls until he incorporates one or two more ways of confirming his wave counts and improve his probability of success. That being said, trading is a probabilities game so I do know that everyone gets it wrong from time to time including myself.

@Mnadii, adapt or perish Laughing out loudly Laughing out loudly Laughing out loudly
Since men have learned to shoot without missing, I have learned to fly without perching
rwitre
#1244 Posted : Tuesday, August 11, 2020 10:46:45 PM
Rank: Member


Joined: 3/8/2018
Posts: 444
Location: Nairobi
MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset >>LINK<<

NASDAQ company acquires Bitcoin in what describes as a "capital allocation strategy.

Quote:
-MicroStrategy® Incorporated (Nasdaq: MSTR), the largest independent publicly-traded business intelligence company, today announced that it has purchased 21,454 bitcoins at an aggregate purchase price of $250 million, inclusive of fees and expenses.

The purchase of Bitcoin cryptocurrency was made pursuant to the two-pronged capital allocation strategy previously announced by the company when it released its second quarter 2020 financial results on July 28, 2020.

MicroStrategy believes that buying $250 million in Bitcoin will provide it the opportunity to earn better returns and preserve the value of our capital over time compared to holding cash.


Talk of a FOMO flex
mnandii
#1245 Posted : Wednesday, August 12, 2020 7:26:15 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,249
snifadog wrote:
good you came back to your chart to point out the invalidation on this last pump above 12k. stones were about to be thrown at you :) criticism will sharpen your skills


Did you guys understand that I had two possible Elliott Wave counts? One was imediately bullish and the other could allow Bitcoin to undergo a bigger correction below $10,000? d'oh!

How can I help you two if you don't understand the simple English I use in my forecasts?


Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#1246 Posted : Wednesday, August 12, 2020 7:27:50 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,249
mnandii wrote:


The preferred Elliott Wave count is effectively eliminated at this point. Bitcoin is rising in wave 3 of (3). Expect moves beyond the previous $19,000 high.

BUY and hold if not yet in.


That bigger correction below $10,000 is still possible.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#1247 Posted : Wednesday, August 12, 2020 8:36:30 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,249
For the two dimwits here, these are the two Elliott Wave Counts am working on.

Scenario I


This count suggests that Bitcoin has completed wave (1) (at $9900) and had a small wave (2) retracement (composed of a combination WX and a triangle Y).
At the next higher degree, wave 1 and 2 are also complete (respectively at $11,375 and $10,860).
Now, this count suggests that we should expect the next leg, a wave 3 rally imediately as depicted by the rising blue trendline. My confidence in this count would continue to rise as wave 3 in Bitcoin rises strongly above $12,000, for example.
I had posted this very count earlier on in this thread.

Scenario II


This is the second scenario. This count suggests that we have a bigger impulsive wave (1) which completed recently at $12,050. This is the alternate count where I have been suggesting that a bigger correction below $10,000 is a possibility. That correction would take the form of an ABC and complete a bigger wave (2) retracement possibly at $6,900.

In both scenarios I expect Bitcoin to rise to levels above $19,000, the previous major high. Only that one count suggests the rally should start immediately while the other suggests a more prolonged time frame.

At some point price action in Bitcoin will eliminate one count count so that we remain with the other. If, for example, Bitcoin falls below $9,200, then our scenario I will be eliminated and we'll remain with scenario II as the working preferred Elliott count.

It is these conundrums that the cobwebs in your heads have not managed to let you see. Sad But I hope now you start to get some level of understanding.

Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#1248 Posted : Wednesday, August 12, 2020 8:57:34 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,249
Above is the kind of vigour that Elliott Waves demand - holding two opposing ideas in your head simultaneously. It is not easy. Speculating in the markets is not easy either.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
Jon Jones
#1249 Posted : Wednesday, August 12, 2020 12:07:02 PM
Rank: Member


Joined: 9/11/2015
Posts: 170
Location: Thika
mnandii wrote:
Above is the kind of vigour that Elliott Waves demand - holding two opposing ideas in your head simultaneously. It is not easy. Speculating in the markets is not easy either.

Sounds like speaking from both sides of your mouth to me....a.k.a covering your incompetence. Holding two opposing ideas in your head means you don't have an edge and you have to cover your ass for both outcomes. Now that you have two opposing ideas, which one do you trade?? You see the folly in that statement...right?? Laughing out loudly Laughing out loudly Laughing out loudly Spare us the BS

I called you out before and I will do it again. You are probably just one of those "teachers" of trading techniques but not a real trader. Otherwise your PNL would be in the negatives since you began posting.
Since men have learned to shoot without missing, I have learned to fly without perching
mamilli
#1250 Posted : Wednesday, August 12, 2020 4:16:37 PM
Rank: Member


Joined: 10/6/2015
Posts: 249
Location: Nairobi
Plot twist...If BTC was launched today (with it's decade old tech) amidst these "shinny" Alts,it would fail miserably.Never discount the "first mover advantage".

As long as S&P doesn't nuke,our digital pet rock will consolidate and finally rip to the upside.
Stacking sats....
Jon Jones
#1251 Posted : Wednesday, August 12, 2020 5:39:53 PM
Rank: Member


Joined: 9/11/2015
Posts: 170
Location: Thika
mamilli wrote:
Plot twist...If BTC was launched today (with it's decade old tech) amidst these "shinny" Alts,it would fail miserably.Never discount the "first mover advantage".

As long as S&P doesn't nuke,our digital pet rock will consolidate and finally rip to the upside.

True. Bitcoin is a dinosaur. Its true value is wide usage i.e the network. Nothing more.
Since men have learned to shoot without missing, I have learned to fly without perching
rwitre
#1252 Posted : Thursday, August 13, 2020 8:23:48 PM
Rank: Member


Joined: 3/8/2018
Posts: 444
Location: Nairobi
Opinion.

Trade of the year. Will compare closing prices at Dec 31st.

13th August. What should a Kenyan buy today for highest returns by the end of the year?

Today's prices:

Bitcoin: $11,531 Source: Bitcointicker

NSE Source: myStocks
Closing prices
• Safaricom - Sh 27.85 (Bluest of blue chips)
• KCB - Sh 30.55 (Because Wazuans love banks)
• Centum - Sh 21.8 (Heavily discounted from NAV)
• Flame Tree - Sh 1.39 (Pennystock with highest upside potential)


Real Estate (Source: Hass Property Index Q2 2020 Report)
Land (1 acre):
• Upperhill - KSh 525.7 million (High-end)
• Ruaka - Ksh 89.8 million (Mid-level)
• Kiserian - Ksh 7.5 million (DC)

Houses (Source Hass Index)
Average prices:
• 4-6 bedroom property: 41.2 million
• 1-3 bedroom property 14.1 million
sl8r
#1253 Posted : Wednesday, August 26, 2020 7:24:58 PM
Rank: New-farer


Joined: 5/20/2010
Posts: 69
If anybody is looking to dabble in some bitcoin, you can give me a shout using the links below. It will be quick and easy and you can begin with as little as Ksh 1000

hodlhodl.com
https://hodlhodl.com/offers/RB7hyzTRqYwXV6tA

Binance https://c2c.binance.com/...c82c45b7afe61c9338aa3e2b
mnandii
#1254 Posted : Friday, September 04, 2020 6:36:00 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,249
mnandii wrote:
For the two dimwits here, these are the two Elliott Wave Counts am working on.

Scenario I


This count suggests that Bitcoin has completed wave (1) (at $9900) and had a small wave (2) retracement (composed of a combination WX and a triangle Y).
At the next higher degree, wave 1 and 2 are also complete (respectively at $11,375 and $10,860).
Now, this count suggests that we should expect the next leg, a wave 3 rally imediately as depicted by the rising blue trendline. My confidence in this count would continue to rise as wave 3 in Bitcoin rises strongly above $12,000, for example.
I had posted this very count earlier on in this thread.

Scenario II


This is the second scenario. This count suggests that we have a bigger impulsive wave (1) which completed recently at $12,050. This is the alternate count where I have been suggesting that a bigger correction below $10,000 is a possibility. That correction would take the form of an ABC and complete a bigger wave (2) retracement possibly at $6,900.

In both scenarios I expect Bitcoin to rise to levels above $19,000, the previous major high. Only that one count suggests the rally should start immediately while the other suggests a more prolonged time frame.

At some point price action in Bitcoin will eliminate one count count so that we remain with the other. If, for example, Bitcoin falls below $9,200, then our scenario I will be eliminated and we'll remain with scenario II as the working preferred Elliott count.

It is these conundrums that the cobwebs in your heads have not managed to let you see. Sad But I hope now you start to get some level of understanding.


Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#1255 Posted : Friday, September 04, 2020 6:40:01 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,249
Very likely Bitcoin is playing Scenario II.

Don't Buy. Wait for better prices.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mamilli
#1256 Posted : Sunday, September 06, 2020 8:12:34 PM
Rank: Member


Joined: 10/6/2015
Posts: 249
Location: Nairobi
mamilli wrote:
mnandii wrote:


BITCOIN. Triangle wave [d] of B completed at $8898. Now the final wave [e] recovery with a target of $9461 but below $9784. THEN a violent downswing to be expected to complete wave C of (2).


DJIA/S&P is the bellwether here,the manifest correlation recently is undeniable.


If the S&P slide continues,BITCOINERS we brace for impact.
Stacking sats....
mamilli
#1257 Posted : Tuesday, September 15, 2020 2:56:10 PM
Rank: Member


Joined: 10/6/2015
Posts: 249
Location: Nairobi
A buy order set at 7200 (.618 fib retrace of the recent move from march lows on the weekly) It can take months to play out but thats the beauty of elective buy orders,never chasing the market.

Meanwhile...
https://www.google.com/a...uys-more-bitcoin%3famp=1
Stacking sats....
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