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Plikk

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  1. Like
    Plikk reacted to Caracappa in Charting the course of XRP   
    Dude, you recognized a downtrend. That we all did. The difference is some people expect the trend to change at some point. The one predicting it way too early, the other perhaps way too late. You did not know on januari 4th 2018 that the downtrend would continue until march 27th 2020 and beyond. Possibility yes, knowing no. So hindsight bragging is easy.
    Just as in 2017 you did not know the downtrend would suddenly end on december 11th. That is the whole point, you never know when a trend changes. There could be some indicators in the charts, but even those are usually spotted in... hindsight.
    Give me your prediction now, I'll write it down and well discuss it later.
    -Will XRP's trend ever change to up
    -In what month of what year will it do that
    -When it does, will it exceed ATH
    -What $ or satoshi target do you think it will reach.
    Some people dare guessing the answers to those questions, if only just for entertainment, and be wrong and are attacked for it. There are others who don't answer them, but were always right... in hindsight.
  2. Like
    Plikk reacted to Eric123 in Epic Pennant on BTC Chart   
    Day 12 of the Apocalypse
    The Fed promised unlimited support for banks which cause a complete turn around in the US Stock Market as well as the Bitcoin market adding $500 to the price immediately 
     https://www.cnbc.com/2020/03/23/fed-announces-a-slew-of-new-programs-to-help-markets-including-open-ended-asset-purchases.html
    Also the US Senate is voting on the $2 Trillion stimulus/bailout package today at noon Eastern time.  And I suspect there will be several of these bailouts.
    For my non-US friends, I know that you guys feel left out.  And as we all know Satoshi's first message quoted the The Times, a London newspaper.  But it's the US's actions that are causing waves in the market.  China and Korea re a big players too, but right now all eyes are on the NYSE, the Fed and the US Senate.  Although the moves made by the US will no doubt be indicative of policies in other countries as well.
    I don't see such bearish predictions for Bitcoin regardless of the Economic carnage wrought by the Virus.  Money will flow freely from banks and governments to keep things going.  This is what Bitcoin was made for.  The halving is happening on May 13th
    https://www.bitcoinblockhalf.com/
    The hashrate is recovering
     https://www.blockchain.com/en/charts/hash-rate
    With any luck the virus will be in a downturn within a month in the US and Europe will start to recover and things will be getting back to normal around the halving.  China, Korea and Japan already seem to have it somewhat under control.
    My plan, It's a waiting game, just have to remain healthy and in the mean time I will continue to stack on the dips.  Anything below $6k is a buy to me but I will be making small purchase in case the price does drop further in which case I will just buy more.
     
  3. Like
    Plikk reacted to Dogowner5 in Epic Pennant on BTC Chart   
    Who is the “they”?  I assume you are American...   you do realise that many countries are already in national lockdown yeah?
    Sometimes it’s annoying to see how self absorbed the USAnians are.  But mostly we are just used to it.
  4. Haha
    Plikk reacted to Caracappa in Epic Pennant on BTC Chart   
    Ssssst, don't tell them. Once they know there is more they invade those countries looking for oil.
  5. Like
    Plikk reacted to Eric123 in Epic Pennant on BTC Chart   
    Shanghai down 2.5%
    Hong Kong down 4.3%
    Bitcoin still around $5.9k
    See you tomorrow.
     
  6. Like
    Plikk got a reaction from EcneitapLatnem in Corona Virus & Crypto   
    Lol, you still don’t get what the real problem is?  It isnt the virus itself or the death toll, but the limited health care capacity which would cause enormous problems. Governments in every country around the world aren’t doing this for fun or to be safe, it is pivotal to act like they do, many argue it isn’t even enough. 
  7. Like
    Plikk reacted to Eric123 in Epic Pennant on BTC Chart   
    Futures are down 954.  Bitcoin is holding just below $6k
  8. Like
    Plikk got a reaction from Cesar1810 in Epic Pennant on BTC Chart   
    Keep us updated about the futures if you will, would be appreciated! Thanks
  9. Like
    Plikk got a reaction from Eric123 in Epic Pennant on BTC Chart   
    Keep us updated about the futures if you will, would be appreciated! Thanks
  10. Like
    Plikk got a reaction from Trentsteel in Epic Pennant on BTC Chart   
    Keep us updated about the futures if you will, would be appreciated! Thanks
  11. Like
    Plikk got a reaction from LetHerRip in Corona Virus & Crypto   
    Lol, you still don’t get what the real problem is?  It isnt the virus itself or the death toll, but the limited health care capacity which would cause enormous problems. Governments in every country around the world aren’t doing this for fun or to be safe, it is pivotal to act like they do, many argue it isn’t even enough. 
  12. Like
    Plikk got a reaction from DannyRipple in Corona Virus & Crypto   
    Lol, you still don’t get what the real problem is?  It isnt the virus itself or the death toll, but the limited health care capacity which would cause enormous problems. Governments in every country around the world aren’t doing this for fun or to be safe, it is pivotal to act like they do, many argue it isn’t even enough. 
  13. Like
    Plikk got a reaction from strikerjax in Corona Virus & Crypto   
    Lol, you still don’t get what the real problem is?  It isnt the virus itself or the death toll, but the limited health care capacity which would cause enormous problems. Governments in every country around the world aren’t doing this for fun or to be safe, it is pivotal to act like they do, many argue it isn’t even enough. 
  14. Like
    Plikk got a reaction from Ripple-Stiltskin in Corona Virus & Crypto   
    Lol, you still don’t get what the real problem is?  It isnt the virus itself or the death toll, but the limited health care capacity which would cause enormous problems. Governments in every country around the world aren’t doing this for fun or to be safe, it is pivotal to act like they do, many argue it isn’t even enough. 
  15. Confused
    Plikk reacted to retep in Corona Virus & Crypto   
    I live in holland europe, and in 2018 about 9500 people died from the flu and that was way more than the average of 2000 people in other years,
    and all we did was go on with our lives because it's perfectly normal that people die each year from the flu, even when it exploded in 2018.
    Now only a few hundred people died from corona in holland so far, so waaaaaaaaaay less than from a normal flu, so it's all a hysterical hype
    to scare the shit out of people for a unknown reason i don't have the answer to. What i do know is that when this hype is over, the economy
    is hit hard, and we the tax payers have to pay the bill. And who are the ones that die from corona? Well it's the old and weak people
    as always and younger people who already have health problems and a weak immune system, but the goverment acts as if everyone
    who wil get infested with corona wil die, and that is not true. It's just another flu outbreak, only now the emotional soybeans eating
    lefttards are in charge, and they created this hysteria that is going to cost us all a giant heap of money!
  16. Like
    Plikk reacted to Ripple-Stiltskin in Epic Pennant on BTC Chart   
    FYI: or skip if it is TLDR
    greetz
    RS
     
    Goldman Sachs hosted an Investee call where 1,500 companies dialed in. The key economic takeaways were:
    50% of Americans will contract the virus (150m people) as it's very communicable. This is on a par with the common cold (Rhinovirus) of which there are about 200 strains and which the majority of Americans will get 2-4 per year.
    70% of Germany will contract it (58M people). This is the next most relevant industrial economy to be effected. 
    Peak-virus is expected over the next eight weeks, declining thereafter.
    The virus appears to be concentrated in a band between 30-50 degrees north latitude, meaning that like the common cold and flu, it prefers cold weather. The coming summer in the northern hemisphere should help. This is to say that the virus is likely seasonal.
    Of those impacted 80% will be early-stage, 15% mid-stage and 5% critical-stage. Early-stage symptoms are like the common cold and mid-stage symptoms are like the flu; these are stay at home for two weeks and rest. 5% will be critical and highly weighted towards the elderly. 
    Mortality rate on average of up to 2%, heavily weight towards the elderly and immunocompromised; meaning up to 3m people (150m*.02). In the US about 3m/yr die mostly due to old age and disease, those two being highly correlated (as a percent very few from accidents). There will be significant overlap, so this does not mean 3m new deaths from the virus, it means elderly people dying sooner due to respiratory issues. This may however stress the healthcare system. 
    There is a debate as to how to address the virus pre-vaccine. The US is tending towards quarantine. The UK is tending towards allowing it to spread so that the population can develop a natural immunity. Quarantine is likely to be ineffective and result in significant economic damage but will slow the rate of transmission giving the healthcare system more time to deal with the case load. 
    China’s economy has been largely impacted which has affected raw materials and the global supply chain. It may take up to six months for it to recover. 
    Global GDP growth rate will be the lowest in 30 years at around 2%. 
    S&P 500 will see a negative growth rate of -15% to -20% for 2020 overall. 
    There will be economic damage from the virus itself, but the real damage is driven mostly by market psychology. Viruses have been with us forever. Stock markets should fully recover in the 2nd half of the year.
    In the past week there has been a conflating of the impact of the virus with the developing oil price war between KSA and Russia. While reduced energy prices are generally good for industrial economies, the US is now a large energy exporter, so there has been a negative impact on the valuation of the domestic energy sector. This will continue for some time as the Russians are attempting to economically squeeze the American shale producers and the Saudi’s are caught in the middle and do not want to further cede market share to Russia or the US.
    Technically the market generally has been looking for a reason to reset after the longest bull market in history. 
    There is NO systemic risk. No one is even talking about that. Governments are intervening in the markets to stabilize them, and the private banking sector is very well capitalized. It feels more like 9/11 than it does like 2008.
  17. Haha
    Plikk reacted to Flintstone in Epic Pennant on BTC Chart   
  18. Haha
    Plikk reacted to Elysium2030 in MoneyGram down -20% and falling hard   
    Sorry,
    but do you live under a rock?
  19. Like
    Plikk reacted to AlejoMoreno in Epic Pennant on BTC Chart   
    I think all asset classes over reacted to this virus. I’m just wondering when the correction will happen because there was no reason for everything to sell off like this. I have friends in China that are telling me everything is already getting ready to go back to normal over there. 
  20. Like
    Plikk reacted to Eric123 in Epic Pennant on BTC Chart   
    Day 4 of the Apocalypse.  Supermarkets were picked clean of:  
    Milk, meat, Frozen vegetables, bread, salad, frozen french fries and tater tots and waffles and toilet paper.  The was plenty of cake and ice cream, frozen pizza's and oikos yogurt. I went at 11:30pm to avoid people and there were still a few there.  Curious as to how long this hording is going to continue. 
    Bitcoin is still getting bart simpson patterns so It's somewhat business as usual.  Top of hair is around $5,600 with the scalp being around $5,200.
    Did we reach peak panic on Thursday??  Maybe.  People lose interest quick.  Remember the Swine flu that happened in 2009?  I don't either but apparently in the U.S. alone 60 million people were infected, 300,000 were hospitalized and over 18,000 died. 
    So far in the US we have about 3,000 infected people (confirmed but people are not being widely tested which should happen in a week or so - so the numbers are sure to go up) and 60 deaths with half of those deaths being residents of a nursing home in Washington State.
    https://www.worldometers.info/coronavirus/
    Is all this panic warranted?  Should the economy be shut down?  
    The U.S. has the most critical care beds per 100k population, nearly 3x what italy has and 23% of the population of Italy is over 65.  Only 15% of the US population is over 65.  
    https://www.statista.com/chart/21105/number-of-critical-care-beds-per-100000-inhabitants/
    So my quick math (anyone is welcome to correct me) indicates that the U.S. should fare about 4x better than Italy.  Now I'm not saying that the U.S. is the center of the world but it was the U.S. stock market crash that cause the Bitcoin crash.  
    I think we'll be ok, we had no support on the way down there should be no resistance on the way up.  Again interesting times we're living in.

  21. Like
    Plikk reacted to Dogowner5 in Epic Pennant on BTC Chart   
    Yes I agree completely.  The sad thing for me is knowing what an opportunity this is ( even if it plummets lower it will return up past here I’m fairly sure) and yet not having any money to spend to really take advantage.  Oh well,  a very small buy at low prices is better than nothing.
  22. Like
    Plikk got a reaction from LetHerRip in Epic Pennant on BTC Chart   
    To be fair, You said the same thing about BTC and 10k price level half a year ago. Look where we are now  
    i still believe in crypto long term, but on the short term things could get way more ugly and no halving event is going to stop that if panic endures. 
     
    i hoped manipulators/whales would have used this ‘pandamic’ to make crypto look like a safer haven, or BTC as a digital gold so to speak. But the opposite seems to be happening. All bets are off. 
  23. Like
    Plikk reacted to AlejoMoreno in Charting the course of XRP   
    I wonder if this has any effect on ODL as the drawdown continues.
     
    For Bitcoin if the price doesn’t recover by halving that’s going to put some real stress on miners I imagine.
  24. Like
    Plikk got a reaction from NorCalguy in Epic Pennant on BTC Chart   
    To be fair, You said the same thing about BTC and 10k price level half a year ago. Look where we are now  
    i still believe in crypto long term, but on the short term things could get way more ugly and no halving event is going to stop that if panic endures. 
     
    i hoped manipulators/whales would have used this ‘pandamic’ to make crypto look like a safer haven, or BTC as a digital gold so to speak. But the opposite seems to be happening. All bets are off. 
  25. Like
    Plikk reacted to jbjnr in Charting the course of XRP   
    Only Thursday, but the Weekly (starts Mon on my graphs) ODL volume is holding up well - real shame that the tanking price is not supported at a higher level - this would have been the perfect week for xrp to show how it can resist the pull of BTC (TL;DR - it can't obviously!). We need an announcement from ripple that amazon, uber and apple are going all in on ODL ...

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