13 replies to this topic

[NAV]

https://in.investing...s/btc-usd-chart

 

The Chinese are smart. They laundered their money out of china via bitcoin. Now we have the greater fools holding on to an asset which fluctuates 20 percent a day. What kind of morons call an asset which fluctuates 20% in a day as a currency !

 

A crash is coming in the bitcoin.

[NAV]

And here is it's country cousin leading the way

 

https://www.worldcoi...m/coin/ethereum

[NAV]

Paris Hilton is bullish on bitcoin and promotes ICO ! 

 

Was that Gisele Bundchen  who was bearish on Dollar when the Dollar index was in low 70s ? 

Edited by NAV, 05 September 2017 - 11:45 AM.

[OEXCHAOS]

LOL!

Seriously, I just had a friend contact me asking me about Bitcoin. Her fiance wanted to put his entire savings into Bitcoin. Honest. To. Gawd.

 

It's like the shoeshine boy offering me dot.com stock tips...

 

The good news is that there's no systemic risk associated with the crytocurrencies.

 

 

M

[NAV]

We have all the ingredients for a crash - Parabolic price rise, 5 waves complete, mass hysteria, media headlines and the SEC as usual asleep behind the wheel.  

[NAV]

WTF ? Up 600% in 2 days !

 

http://www.blockchai...en-market-data/

Edited by NAV, 05 September 2017 - 01:10 PM.

[Taz]

We have all the ingredients for a crash - Parabolic price rise, 5 waves complete, mass hysteria, media headlines and the SEC as usual asleep behind the wheel.  

 

You forgot one ingredient - we are in a Puetz crash window!! 

[AChartist]

favorite placed this

[AChartist]

I was curious to run bitcoin cycles, the last time I did hit the time of a lowpoint but it right extended longer to top first.

 

It does have a lowpoint in 25 days but first a supporting cycle for next 7 days, if it is declining I bet it is from 7 to 14 days for 

 

the worst of it then bounce and bottoming until 25 days out. This is calendar days.

[AChartist]

incidentally, besides the rumors of bitcoin being dead again, again,

 

the webbot forecast is for large sawtooths but over $13000 early next year. If my high in 7 days is about right

 

from a 14 day cycle, is Sep 12 is the day webbot called for a high, from a couple months ago forecast.

 

the point is to buy the next drop so I can suggest two buys Sep 20 and 30, might as well wait for sep 30 but if

 

sep 19-20 is violent I would buy some panic low.

 

I will likely sell some coming up to 7 days and maybe a couple high value ICO. But really we dont want to sell for

 

dollars and is not a way yet to sell for metal. The metal ICO's will be coming up. The ICO are company shares and some

 

paying dividends not really a reason to sell but if pretty sure of a decline I would protect some higher value stuff temporarily.

 

The real high value people cant sell with unknown rules, the numbers of people involved in the market are less than .001%

 

not even close to an adoption stage, it would be like worrying about selling MSFT at 25 cents, nonsense.