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Everything posted by Eric123

  1. Like I posted, I took advantage of the buying opportunity yesterday. I bought just a little Bitcoin (don't have much cash to buy and my bags are full, but I couldn't resist) but got in at $29,600. That is the highest price at which I ever bought Bitcoin, my last purchase before that was May 2020 when it was below $9k. Still waiting on the BGC which will break Bitcoin out of the $30k - $40k trading range. Over the last month prices have ranged higher and lower but they are generally in the same vicinity albeit a lower on some coins, most notably NEO and XRP. here we
  2. This is my view. There are use cases that don't require the security, un-censorablity and decentralization that bitcoin provides. For some uses you may want to be able to have a centralized authority roll back transactions, other chains will be able to provide those services. I think there is room in the blockchain space for projects other than Bitcoin. Paraguay, Panama, Venezuela, Argentina, Brazil https://finance.yahoo.com/news/understanding-latin-america-rising-interest-150000174.html https://www.batimes.com.ar/news/opinion-and-analysis/a-crypto-revolutio
  3. Chosen one. LOL Don't worry the BGC is coming and there will be a lot of green days ahead.
  4. Bitcoin has been staying in the $30k-$40k for about a month now, when the price gets to the bottom of that range the crypto community starts to panic (exacerbated by the ALT sell off as well no doubt). I'm actually feeling a little uneasy myself but for the opposite reason. Truthfully right now I'm worried that don't I have enough Bitcoin. The news just looks so good to me. Bitcoin mining moving out of China. Positive Bitcoin mining moving to renewable energy. Positive Bitcoin being adopted by countries in Central/South America. Positive Bitcoin Whales accumulating.
  5. Bitcoin's price has been moving sideways in a $30k-$40k range for nearly a month. Bollinger Bands are flat. Still waiting on the BGC (big green candle) which by the way will turn everyone now panicking (over the death cross) into FOMO buyers. Yes, I would be making daily purchases to average in on my favorite coins at these levels. XRP especially. @Nat99 also thanks for posing the staking video, I hope they win on the staking lawsuit.
  6. Bitcoin has moved back below the May 20th down trend line. The price has been playing around the line and there has been general sideways movement since May 22nd or so. Still waiting on the big move. The daily swings are so volatiles, it just seems to me like the "close" prices smooth out some of the volatility and gives a better representation of the price and that's why I generally use them. Flare token tax concerns have been given attention and is looks like they will end up being structured in a way to eliminate income tax for US filers. I thought this video laid it
  7. Bitcoin's price has now created a new down trend line. Still waiting on the BGC (big green candle)
  8. I agree. I don't know what price FLR will end up opening at but I would guess it would be below XRP's price.
  9. I meant to write the IOU market is "NOT" used. I'm changing it now.
  10. @4Fingers based on the info in the article posted by @JASCoder which is related to the video I subsequently posted. the IOU market is NOT used to establish the fair market value of the actual Spark token.
  11. This video provides some good info. https://www.youtube.com/watch?v=5Css3GzoO4s
  12. More general sideways movement for Bitcoin. I'm still waiting on the $10K+ day. If I had to guess I'd say it will probably go from $42k-$52k. BTW as far as the lawsuit goes the discovery extension was expected, extensions are like extra points after a touchdown, they are pretty much automatic. As we get closer to the Spark token distribution, I'm actually thankful that the SEC suit isn't resolved. I'd rather not sell any Spark, but because distribution is a taxable event here in the US, (as ordinary income, which it shouldn't be) at current prices ( https://www.livecoinwatch.co
  13. I think the XRP chart is unimportant. XRP with get dragged up as bitcoin's price rises and it will move up on positive lawsuit news.
  14. The 5 Day EMA is about to make a bullish cross of the 22 Day EMA on the Bitcoin Chart. This interval seems to be very telling of short term moves (couple of weeks to couple of months). It bodes well for Bitcoin's price over the next few weeks.
  15. Bitcoin's price moved above the third down trend line yesterday and today the price is breaking through the top bollinger band. Only one remaining down trend line, which is at about $52,000 then the next target is the All Time High (4/14/21 intra day $64,895) (4/13/21 close $63,564). Got a decent green candle yesterday (on low volume though) Still waiting on a big green candle $10k+ on high volume.
  16. Volatility has flattened out on bitcoin's price. Bollinger Bands are flat. Still waiting for the break out. A price above $38,400 will break above the next down trend line.
  17. Bitcoin's still basically moving sideways. Waiting on the break out.
  18. Bitcon's price has broken through two down trend lines and is touching against the top of the next one. After that there is only one down trend line next before Bitcoin makes it's next run to a new ATH. The FUD keeps coming and will keep on coming. The only way to guard yourself against the FUD is to be informed, which means educating yourself on what Bitcoin actually is, it's capabilities, it's limitations, it's potential. Being informed means starting by reading "The Bitcoin Standard". Once you are informed you will be able to filter the "noise" from the "news".
  19. Bitcoin's price has broken above 2 downtrend lines and the bollinger bands are back to contracting. Still waiting on the big green candle. The last two days will be erased. I was a little confused by the drop at first. Apparently people got spooked and sold because they actually thought it was possible that the FBI hacked a bitcoin wallet. When I first heard the news I figured the FBI may have taken the bitcoin from an exchange but I knew a bitcoin wallet wasn't hacked. In fact I didn't think it was possible that someone would believe that a bitcoin wallet could be hacked. If you had
  20. If you believe it would take over 20 years for Bitcoin to reach 400k - that would mean a return of less than 14% a year compounded annually. The risk of holding Bitcoin far outweighs a 14% annual return. I would look for a less risky higher returning asset. I think it's an even money bet that Elon will be bankrupt in two years.
  21. Bitcoin's price has broke below the previous support lines so I redrew the chart with the remaining lines. Bollinger Bands have broke to the downside and are widening. Bitcoin is still caught in this downtrend. (tax loss selling? perhaps, because Trump said it's a "scam"? eh Because of the Colonial pipeline seizure? doubtful) For whatever reason it doesn't really matter, I wish I had the cash to buy more. Yup $400k this cycle.
  22. Bitcoin's sideways price pattern continues. Bitcoin's price has moved out of the Down trend line that began May 8th. The down trend lines that remain to be broken May 20th and April 13th. Bollinger Bands are tightest (in nominal terms and probably in percentage terms as well at this point (I didn't do all the math)). Since December. If you missed it. El Salvador's president is going to propose a bill making Bitcoin Legal Tender. So basically another domino is falling, recently the first public companies moved into bitcoin, now the first country is recognizing bitcoin as leg
  23. No it wasn't, Do the Math. Forget it I'll do it for you. May 7th top band 59,950 - Bottom Band 49,659 difference 10,291 Today top bollinger band 41,480 bottom band 33,545 difference 7,935
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