Bought UPS today.
Bought UPS today.
I did a bit of goofing around with the BTC price history just now. I'm going to go out on a limb and forecast a low between $6k to $15k before Christmas this year, followed by a rally into late summer next year to somewhere between $50k to $100k:
Surely this is all nonsense, but if the first part of the forecast comes true toward the end of the year, count on me rolling the dice and putting my whole retirement nest egg into BTC and retiring to Barbados in fall 2022.
:-)
VS-SJW-IR-TS idiot wrote:
I did a bit of goofing around with the BTC price history just now. I'm going to go out on a limb and forecast a low between $6k to $15k before Christmas this year, followed by a rally into late summer next year to somewhere between $50k to $100k:
https://ibb.co/jVCCZyxSurely this is all nonsense, but if the first part of the forecast comes true toward the end of the year, count on me rolling the dice and putting my whole retirement nest egg into BTC and retiring to Barbados in fall 2022.
:-)
heh
the question is if enough people have been trained to buy the 50% drops in BTC....if they have....then the coin won't ever fall 50%. in other words, are you the conventional wisdom now? if you are, then there are a whole lot of buyers waiting to buy at any lower prices.
agip wrote:...are you the conventional wisdom now?
agip, my good 'ol DGTD buddy, I have NEVER been looked at as a reliable source of conventional wisdom... :-)
It’s the coin of the Bubble Realm, so anything can happen, even zero.
I will admit that I'm highly amused by this -
https://www.ft.com/content/9a19f41e-1fb6-451f-b0eb-02decf331592
Goldman Sachs Non Profitable Tech index - it's off the charts lol. Our friend Igy will claim this is evidence of impending doom. That's of course a bunch of homegrown mother Russia ZeroHedge fed bullsh!t since the Fed is keeping rates low. What it actually signals, in my opinion, is stagnation and loss of innovation. When money is free, you don't have to be as careful with your investment.
Stocks only go up until the Fed raises the rate
"When money is free, you don't have to be as careful with your investment."
Millenial logice, reinforces wisdom in purchasing the coin of the Bubble Realm. Or, even better, dropping everthing to become a Bitcoin miner.
Of course a rational person realizes Goldman Sachs is selling from their inventory, and more than happy to make our "resident doctor" a bag holder.
Ghost of Igloi wrote:
"When money is free, you don't have to be as careful with your investment."
Millenial logice, reinforces wisdom in purchasing the coin of the Bubble Realm. Or, even better, dropping everthing to become a Bitcoin miner.
Of course a rational person realizes Goldman Sachs is selling from their inventory, and more than happy to make our "resident doctor" a bag holder.
It's a bit early to be hitting the sauce Igy. Wait at least until 1pm local time, especially at your age.
Dr. Racket wrote:
Ghost of Igloi wrote:
"When money is free, you don't have to be as careful with your investment."
Millenial logice, reinforces wisdom in purchasing the coin of the Bubble Realm. Or, even better, dropping everthing to become a Bitcoin miner.
Of course a rational person realizes Goldman Sachs is selling from their inventory, and more than happy to make our "resident doctor" a bag holder.
It's a bit early to be hitting the sauce Igy. Wait at least until 1pm local time, especially at your age.
Smoke some weed with your clones and it will all make sense. ?
https://twitter.com/APompliano/status/1351874953654771713Ghost of Igloi wrote:Smoke some weed with your clones and it will all make sense. ?
https://twitter.com/APompliano/status/1351874953654771713
He says BTC is going to keep going up... I must be wrong. Or an idiot. :-)
Hey if you think it makes sense, do your thing. Seems crazy to me, but I am demented alcoholic. ?.
Ghost of Igloi wrote:Hey if you think it makes sense, do your thing. Seems crazy to me, ...
Are we in the same conversation?
VS-SJW-IR-TS idiot wrote:
Ghost of Igloi wrote:Hey if you think it makes sense, do your thing. Seems crazy to me, ...
Are we in the same conversation?
Igy isn't even in the same universe
Dr. Racket wrote:
Ghost of Igloi wrote:
"When money is free, you don't have to be as careful with your investment."
Millenial logice, reinforces wisdom in purchasing the coin of the Bubble Realm. Or, even better, dropping everthing to become a Bitcoin miner.
Of course a rational person realizes Goldman Sachs is selling from their inventory, and more than happy to make our "resident doctor" a bag holder.
It's a bit early to be hitting the sauce Igy. Wait at least until 1pm local time, especially at your age.
You can’t drink all day, if you don’t start in the morning.
i was swing trading for about the last week or so, after getting hit with untimely buys near the high.
My hunch at this point is a prolonged retrenching to maybe 19,000. But hard to say because i have no idea how much institutions are holding as opposed to individuals.
What is bad is that each little bounce never goes up more than a couple of percent before turning lower to form a new temporary floor lower than the last one.
I had some limit orders set to buy which i cancelled before they triggered, and am going to sell it all if it goes down any more. Would be about a 15% loss of capitol for me overall, but peanuts really, so no big deal.
seattle prattle wrote:
agip wrote:
heh
the question is if enough people have been trained to buy the 50% drops in BTC....if they have....then the coin won't ever fall 50%. in other words, are you the conventional wisdom now? if you are, then there are a whole lot of buyers waiting to buy at any lower prices.
i was swing trading for about the last week or so, after getting hit with untimely buys near the high.
My hunch at this point is a prolonged retrenching to maybe 19,000.
That would require a significant shift in consensus or sudden loss in confidence which I haven't seen.
Which also makes me wonder, what external forces threaten bitcoin, if any? Government policy I guess?
Racket, yeah, well bitcoin is what, almost 25% off recent highs?
With such a large percentage under the control of a relatively few "whales", it's easily manipulated. Plus it's massively traded in asian countries.
Really, the vibe i get off that thing is that you either trade it for short swing trades, or you just throw something in there and pray, because any kind of defense strategy that would work for stock trading probably won't here.
Dr. Racket wrote:
seattle prattle wrote:
i was swing trading for about the last week or so, after getting hit with untimely buys near the high.
My hunch at this point is a prolonged retrenching to maybe 19,000.
That would require a significant shift in consensus or sudden loss in confidence which I haven't seen.
Which also makes me wonder, what external forces threaten bitcoin, if any? Government policy I guess?
And i think it's just a matter of days until they announce that bitcoin is going to be added to S&P 500. And then it's moonshot time, just like Tesla.
And in fact, i leveraged my whole Robinhood account on that. Got all my buddies there to leverage their student loans, too!
Frogs warm, feeling good.
booze boyz wrote:
Dr. Racket wrote:
It's a bit early to be hitting the sauce Igy. Wait at least until 1pm local time, especially at your age.
You can’t drink all day, if you don’t start in the morning.
Yea but I heard it is good for recovering cancer patients. Like CBD oil and dope. My DGTD Doc told me so.