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69 Pages«<6465666768>»
Bitcoin: Does it have a future ?
Angelica _ann
#1301 Posted : Monday, December 28, 2020 10:50:15 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,837
snifadog wrote:
BTC hitting 28k, ETH is just starting to pick up steam and the alt markets will explode in Jan 21. My man Jones got swallowed by the chop it seems.
Senior members on this forum told you to enter the NSE casino because crypto is a scam. Alas!


Laughing out loudly Laughing out loudly Laughing out loudly i had to tho!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
rwitre
#1302 Posted : Monday, December 28, 2020 10:52:07 AM
Rank: Member


Joined: 3/8/2018
Posts: 493
Location: Nairobi
snifadog wrote:
BTC hitting 28k, ETH is just starting to pick up steam and the alt markets will explode in Jan 21. My man Jones got swallowed by the chop it seems.
Senior members on this forum told you to enter the NSE casino because crypto is a scam. Alas!



CNN Headline: What the #)$*#@)($ is happening with Bitcoin's insane record run? Laughing out loudly Laughing out loudly

Quote:
Bitcoin is crashing -- upward. It just passed $28,000 and shows no signs of stopping.

The digital currency has a market value north of $500 billion. Think Bitcoin is just a fad? It's worth more than Visa (V) or Mastercard (MA). Or Walmart (WMT).

Bitcoin passed $20,000 for the first time just 11 days ago. Now it's knocking at $30,000's door.
rwitre
#1303 Posted : Saturday, January 02, 2021 8:31:07 PM
Rank: Member


Joined: 3/8/2018
Posts: 493
Location: Nairobi
2021 came with the FOMO

Great start to the year. Applause

Tokyo
#1304 Posted : Sunday, January 03, 2021 8:35:19 AM
Rank: Veteran


Joined: 10/9/2006
Posts: 1,486
Bitcoin over the 30K mark. Very very tempted to sell
work to prosper
Ali Baba
#1305 Posted : Sunday, January 03, 2021 3:05:09 PM
Rank: Member


Joined: 8/29/2008
Posts: 563
Sell. BTC story may not end well for many
speculators, at least in the short to medium term
mnandii
#1306 Posted : Monday, January 04, 2021 6:20:31 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,303
Tokyo wrote:
Bitcoin over the 30K mark. Very very tempted to sell

Still has a long way UP to go.
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
#1307 Posted : Monday, January 04, 2021 6:27:59 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,303
Jon Jones wrote:
snifadog wrote:
Jon Jones wrote:
Minor correction incoming any time from now into early next week. Weak hands/retail that FOMO'd last week have to be shaken out. I'm out of crypto as of now for the next few days because it might get ugly in a hurry.




you and mnandii same wozap group :) we will be closing with the highest monthly candle ever after touching 14k. now waiting for the omega bullrun for alts to make me the big bucks


Shame on you Shame on you Shame on you

Not really. Even pros get it wrong sometimes, but not too often like Mnadii. Mnadii's calls are too erroneous to be traded profitably. His win-rate is unacceptably low and his risk-reward is mediocre at best. I may have exited early, I admit. But I didn't go short and proceed to lose money. I am always long or square but never short in a bull market.

That being said, I still wouldn't hop back in at current prices of $13,700 (as a short term trader). Getting in at current prices would only make sense to an investor looking to hold long term and probably take a bath or average down in the interim. In the short term, the risk of getting in right now isn't worth the potential reward and those buying at current prices for short term speculation will probably get roasted.

@Jon Jones you realize the joke is on you now?
What was my last post here before your poor analysis drove me away from this thread?
I will remind you. I said Bitcoin was in correction territory and would soar above its all time highs ($19,000 then). If you were the keen type I would advise you to learn from me. But no Shame on you . You are the lazy type that never learns.
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
#1308 Posted : Monday, January 04, 2021 6:35:21 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,303
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.


Bitcoin followed scenario I
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
#1309 Posted : Monday, January 04, 2021 6:40:45 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,303
For those who follow Warren Buffet:
link

‘Rat poison squared’ Bitcoin passes Warren Buffett’s Berkshire Hathaway by market cap
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
#1310 Posted : Monday, January 04, 2021 6:45:26 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,303


Ripple is completing a wave (2). Will rebound beyond $1.000 in the coming months. Accumulate.
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
#1311 Posted : Monday, January 04, 2021 6:50:52 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,303
mnandii wrote:


ETHEREUM Weekly Chart. Rising in wave [iii] of 3 of (1). Should top out at about $800.


Ethereum. Posted August 4th 2020. Ethereum is still rising surpassing my forecast then.
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
#1312 Posted : Tuesday, January 05, 2021 10:08:28 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,303


Bitcoin vulnerable to the downside. Targets for wave [c] of 4 are 26202, 22089, 19574. An alternative count is a wave 4 triangle but requires Bitcoin to stay above 26930, the wave [a] low.
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
#1313 Posted : Tuesday, January 05, 2021 10:22:12 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,303


ETHEREUM (Daily Chart)
Correcting in wave [ iv ]. The gap likely to be filled thus likely low for wave [ iv ] is $ 738.28
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.
Afroblk
#1314 Posted : Tuesday, January 05, 2021 2:10:14 PM
Rank: New-farer


Joined: 3/3/2010
Posts: 79
mnandii wrote:


Ripple is completing a wave (2). Will rebound beyond $1.000 in the coming months. Accumulate.


Thanks for sharing. Problem with Ripple is the litigation with the SEC. If that falls through, there will be a mad bull. Your $1 prediction would be realized in prolly 2 days.
Knowledge is contagious...Infect truth!
rwitre
#1315 Posted : Wednesday, January 06, 2021 8:54:15 PM
Rank: Member


Joined: 3/8/2018
Posts: 493
Location: Nairobi
mnandii wrote:


Bitcoin vulnerable to the downside. Targets for wave [c] of 4 are 26202, 22089, 19574. An alternative count is a wave 4 triangle but requires Bitcoin to stay above 26930, the wave [a] low.



Did the exact opposite and printed an ATH of $35800

Let's just agree that Bitcoin doesn't respect charts.

Buy and hodl.
Tokyo
#1316 Posted : Thursday, January 07, 2021 2:41:24 AM
Rank: Veteran


Joined: 10/9/2006
Posts: 1,486
Bitcoin on steroids. Approaching $37,000 mark anytime
work to prosper
longtrader
#1317 Posted : Thursday, January 07, 2021 4:15:51 PM
Rank: Hello


Joined: 11/5/2019
Posts: 5
40K by weekend probably 60K by end Jan.
rwitre
#1318 Posted : Thursday, January 07, 2021 9:53:52 PM
Rank: Member


Joined: 3/8/2018
Posts: 493
Location: Nairobi
longtrader wrote:
40K by weekend probably 60K by end Jan.


Bitcoin decided the weekend was too far Laughing out loudly

snifadog
#1319 Posted : Friday, January 08, 2021 3:35:51 PM
Rank: Member


Joined: 6/6/2016
Posts: 162
Location: Nairobi
as the infamous Jones used to say on this thread, my nuts got CLIPPED big time. Sitting in alts was a bad call.
rwitre
#1320 Posted : Saturday, January 09, 2021 10:52:14 AM
Rank: Member


Joined: 3/8/2018
Posts: 493
Location: Nairobi
Banks gotta get that exposure too smile

Quote:
Morgan Stanley now owns 792,627 shares of MicroStrategy, bringing its total ownership in the company best known for holding over $2 billion in bitcoin to 10.9%, according to a filing made with the U.S. Securities and Exchange Commission.


They've increased their position by adding almost 650,000 shares since Q3 2020.

The shares of MicroStrategy have soared 330% since the company bought its first bitcoin on Aug. 11, 2020, rising from $123.80 to $539.57.

"Why didn't Morgan Stanley just buy Bitcoin?"

They legally can’t unless they rewrite their charter. That takes 24 months on average to be approved.
So they fomo buy into a company that is essentially a Bitcoin ETF at this point.

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