Price of gold and silver flying, cryptos too

perception

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on a daily/weekly basis right?
I would imagine so. If you're talking about a potential alt season, you'd want to evaluate major trends on both BTCUSD and BTC.D. In my own Hull MA system, the 4h view is kind of like a daily-level view in other systems, because the period lengths I use are relatively long with the 330 HMA and 440 HMA being the most important lines. With that in mind, let's take a look at what happened to BTC.D today.

BTCUSD still increasing while BTC.D potentially starting a downtrend

btcd.4h.losing-dominance.png

BTC dominance just took a big hit. According to that other guy's system, this could be the beginning of a major alt run. BTC.D decreasing while BTCUSD increasing => Increase Fast (alt season) according to him.

https://www.tradingview.com/chart/B...Guide-to-Bitcoin-Dominance-Alt-Season-Cycles/
 

Brahms

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Perception - are you expecting a correction around 20k - if so, how low do you think it will go?
 

egregor

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ste
BTC dominance just took a big hit. According to that other guy's system, this could be the beginning of a major alt run. BTC.D decreasing while BTCUSD increasing => Increase Fast (alt season) according to him.
major alt run is a fact. just witnessed a huge xrp dump (about 110 M sell) and the price just went from .43 to 0.40 and went right up again as if nothing happened
the cheat sheet you shared is a major and i mean MAJOR indicator.
i'll be posting a daily trading bot code shortly - so far backtesting is good, tested on linkies, uni , monero anrd eth.
pretty generic - just stochastic slow and hma -2 < -1 > 0 means sell and vice-vera.
the btc dominance parameter is easy to check and implemented tho. a whole other important layer of certainty
 

perception

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Perception - are you expecting a correction around 20k - if so, how low do you think it will go?
I think a lot of people are eyeing 20k, because it's the current all time high. It's probably going to get an initial rejection just due to its historical significance, but how strong will that rejection be? I have no idea. If it ends up being a substantial resistance, I'll post up a chart with major Fibonacci levels, so that we have something to work with. A really strong rejection could take us slightly below the 0.618 retracement which is at around 13.7k, but we could get a weak rejection that eventually gets steamrolled too. It's really hard to make substantial predictions when price moves up this fast.
 

egregor

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guys, something i've noticed - the spot market is very predictable at night (utc + 1-2-3), after the new-york kikes stop trading.
chinese, indians and bots are extremely predictable. noticed it several nights in a row - set a limit buy or sell for a target price you've calculated, it gets done during nighttime.
never happens in the afternoon, rarely in the morning
also, fiatleak.com/<your coin here> to keep an eye on unusual volume spikes
 

perception

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egregor

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Remember when some bigwig banker, Jamie Dymon I think, was saying cryptocurrencies were flash in the pan and wouldn't be around long?
funny you should mention that, the other day some dipshit was saying on kaiser report (RT) bitcoin was the future but all the alt-coins were a failure and wouldn't last anyway, so don't waste your time, bla bla.
notice the similarity?
defi is the only really revolutionary financial idea in the last several hundred of years, really. and it came out of crypto.
finance-central shills are against it. hm.
 

Vitamin-KKK

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BeeboLibido

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@egregor @perception

What do you think of a current throw all my life savings in ASAP move? Too much fomo? I got a bitcoin in 2013 and sold when I lost like 20 bucks when I was essentially a child and got scared on my very first investment, bought in at 400 bucks. I have nothing but horror stories in crypto trading due to gambling brains, looking to make my first true committed move. Too soon? Thinkin' of going to a kiosk today. Haven't been in this game since the great fall of early 2018. I feel like my questions are an obvious YES, but need some encouragement. You guys seem to know your stuff.
 

JR_Rustler_III

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funny you should mention that, the other day some dipshit was saying on kaiser report (RT) bitcoin was the future but all the alt-coins were a failure and wouldn't last anyway, so don't waste your time, bla bla.
notice the similarity?
The overwhelming majority of alt-coins are simply speculative vehicles, that's just a fact. There are a few dozen that are struggling to establish use cases. I expect that cryptocurrencies are going to shape up the same way that national currencies did during the 20th century:

1. One "global reserve currency"-- i.e. the US Dollar--the crypto analogue of which is indisputably BitCoin
2. Maybe a half-dozen "major" currencies. Thirty years ago, those were the Deutschmark, the Yen, the Swiss Franc, and the British Pound. Unclear what the alt-coin analogues are for these yet.
3. A few dozen "third tier" currencies-- French Franc, Italian Lira, the Scandinavian currencies, the Canadian Dollar, etc. etc. Their value fluctuates and a few of them even had some major dislocations during the 20th century.
4. Maybe forty or fifty currencies that fluctuate dramatically and don't hold their value very well, but have some importance in the world economy (Mexican Peso, Russian Ruble, Brazilian Whatever, Indian Rupee, South African Rand, etc)
5. Every other currency is trash that nobody holds unless they actually have to go into the country in question.
 

perception

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What do you think of a current throw all my life savings in ASAP move? Too much fomo?
Too much FOMO. Wait for the next good setup. There will be another chance. It might even be at a higher price, but the way you're feeling will get you into trouble. You don't ever want fear to control you in trading or in life.
 

JR_Rustler_III

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@egregor @perception

What do you think of a current throw all my life savings in ASAP move?
Here's the one thing I can tell you, with 100% certitude: your approach here is thoroughly unsound. And people with an unsound approach figure out ways to lose every single dime of their money 99.99% of the time. "A fool and his money are soon parted".
 

anti-barabas-ite

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That guy is the current CEO of JP Morgan. He made those remarks about bitcoin some years ago.


However, bitcoin is on the verge of overtaking JP Morgan's market cap.

https://companiesmarketcap.com/financial-services/largest-financial-service-companies-by-market-cap/

View attachment 31843
can the jew banks out-blockchain the rest by making everything "visacoin" destroying everything you thought had value or money...and re emerge with their own "blockchain"?

I have no idea what a blockchain is.

my guess is the only way visa jew takes over is by being the only money transaction game in town. currency disappears altogether.

I should be in the barn working.........
 

BeeboLibido

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Here's the one thing I can tell you, with 100% certitude: your approach here is thoroughly unsound. And people with an unsound approach figure out ways to lose every single dime of their money 99.99% of the time. "A fool and his money are soon parted".
HOW DARE YOU QUESTION MY INTELLECT I AM A FRICKIN WHITE MALE YOU'RE AN INFIGHTER STFU HATER

But seriously I agree and thank you. I'm like 14 years old mentally when it comes to trading. Perfect whale food. Was starting to get manic like a did late 2017. I don't frig with fibonnaci and whatever I really don't know what I'm talking about with market action. Always thought those market indicators/memelines were all a scam for shillers to shill back when I frequented /biz and ignored them all. I obviously need to study. DS will be getting some of my crypto once I go back in, ashamed to still be a non-donating wigger scumbag.

Thanks to perception also for the reality check. I'm a USD pleb and need guidance and discipline. I've gone full flatearth boomer truther that thinks his cash is going to 0% value literally any second and am genuinely starting to worry deeply about where my finances should be going in the near future. Thanks, jews. Will be watching this thread.
 

JR_Rustler_III

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But seriously I agree and thank you. I'm like 14 years old mentally when it comes to trading. Perfect whale food. Was starting to get manic like a did late 2017.
First, do an analysis on how much money you can afford to lose. That's how much you can afford to invest/speculate with. People who speculated in cryptocurrencies in the late 2017 runup and didn't get out before the crash lost as much as 99.99% of their money, so expect to lose it all if when you make a bad decision.

Second, spend at least 40 hours educating yourself on cryptocurrencies and the cryptocurrency space.
 

rouse

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First, do an analysis on how much money you can afford to lose. That's how much you can afford to invest/speculate with. People who speculated in cryptocurrencies in the late 2017 runup and didn't get out before the crash lost as much as 99.99% of their money, so expect to lose it all if when you make a bad decision.

Second, spend at least 40 hours educating yourself on cryptocurrencies and the cryptocurrency space.
And don't trade on margin when you're starting out.
 

glaucon

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I'll be honest when I say I never thought bitcoin would go this high ever again. I thought 15k max. I made a substantial amount of money with bitcoin on the first moonshot to 20k back in late 17. So much so that I could afford to take time off from work. I figured it collapsed because because of lack of use cases being discovered at the high levels. But now, as its approaching 20k it has me scratching my head. Election uncertainty was literally the reason I poured my disposable income into bitcoin back in '15 and '16. Probably should have had the foresite to predict election uncertainty would be even higher this go around. I honestly can't think of any other reason the price has moonshot like this.
 

MoonmanJones

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I have no idea what a blockchain is.
A ledger maintained by a distributed network of computers using fancy computer math gimmicks to verify every change to the ledger. It's completely secure as long as hackers can't gain control of 50% of the computers maintaining it. Bitcoin's ledger is maintained by every "bitcoin miner" on the planet, which is a pretty huge network.
 

perception

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Perception - are you expecting a correction around 20k - if so, how low do you think it will go?
The last time bitcoin had to test its all time high, it was worth about $1000. From January 2017 to March 2017, that level was tested first from the bottom as resistance and then from the top as support. Another interesting support is visible on the weekly RSI where a horizontal trendline at around 54 provided support throughout the whole bull run. It looks like that same RSI level is back in play this time too.

btcusd.1w.testing-ath.png
 

8Man

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I honestly can't think of any other reason the price has moonshot like this.
Here's some reasons to consider..
Consider whether your mindset is closer to that of Ray Dalio or Peter Schiff?
 
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perception

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Election uncertainty was literally the reason I poured my disposable income into bitcoin back in '15 and '16. Probably should have had the foresight to predict election uncertainty would be even higher this go around. I honestly can't think of any other reason the price has moonshot like this.
The American presidential election cycle coincided with bitcoin halving cycle. Summer of 2016 was when bitcoin's mining rewards were halved from 25 BTC per block to 12.5 BTC per block. Four years later bitcoin had another halving in the Spring of 2020, and mining rewards are currently 6.25 BTC per block. There's a guy who made a bitcoin pricing model based on this which he calls the Stock to Flow model. It's become a popular narrative online to explain the price of bitcoin.

 
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