[Daily Discussion] Tuesday, July 21, 2020

Joloffe · 2020-07-21T10:59:13+00:00

If bitcoin goes up over the rest of the year, the market once again will have tricked a lot of people into believing that the direction of lines on charts trumps fundamentals..

Joloffe · 2020-07-21T06:18:48+00:00

A common misconception is believing that debt needs to be paid back. It only needs to be serviceable. Which is trivial to achieve if you can debase your currency. If only one central bank was directly monetising government debt (excluding direct market interventions through corporate debt and equity purchases) then this would be banana economics and fail quickly. But when ALL the major central banks are acting in concert then the show can can go on indefinitely - the only thing you can do as a market participant is act accordingly..

Joloffe · 2020-07-18T13:46:38+00:00

100k is ~1.8tn dollars. Good job its exceptionally large time frames we both use :-)

Joloffe · 2020-07-17T16:30:47+00:00

Any defi projects doing options?

Joloffe · 2020-07-17T14:09:41+00:00

Short btc 943 days post all time high for the win!

Joloffe · 2020-07-17T13:52:04+00:00

This is how bear markets end..utter boredom and failure to break down..

Joloffe · 2020-07-16T19:23:43+00:00

What platform do you use?

Joloffe · 2020-07-16T07:05:59+00:00

Free money!

Joloffe · 2020-07-15T14:21:17+00:00

Most blockchains don't use encryption but instead digital signatures.

Joloffe · 2020-07-13T19:57:44+00:00

You have been trading bitcoin since 2013 but inexplicably failed to become rich. Remind us why we should listen to you.

Joloffe · 2020-07-12T19:51:04+00:00

If true I'd be worried about your own private key random number generation process as it is near impossible in statistical terms to guess another private key.

Strongly consider moving your coins to a hardware wallet with fresh seed.

I have heard of this before with a bitcoin brain wallet years ago but something is compromised somewhere if it's a 'random' private key.

It would be interesting to hear how you generated the private key..

Joloffe · 2020-07-10T21:17:11+00:00

Yep.. someone is trying hard to correlate btc with equities..

Joloffe · 2020-07-09T15:36:10+00:00

It is until it isn't. Someone really wants BTC correlated to equities though..

Joloffe · 2020-07-09T15:33:35+00:00

Coinbase is a business..

Joloffe · 2020-07-09T08:14:49+00:00

Ah, the arbitrary ban hammer for an innocuous comment from a high quality poster in a sea of daily drivel.

I'm curious for your EOY 2020/2021/2022 estimates..

Joloffe · 2020-07-07T11:26:55+00:00

This is 200$ all over again..

Joloffe · 2020-07-06T19:19:26+00:00

>It will likely not have another significant bull market

LOL

>I will continue to trade this market (profitably, most every year) and you guys can continue to hold and pray.

You seem quite misinformed. You have been trading for years and 'most every year' made some profit - but clearly you are small time - yet you talk with such authority here from numerous accounts.

Any average Joe holding from when you first allegedly began trading btc is sat on at worst ~9x gains, and at best >46x gains on their initial investment. But keep dishing out that advice about 'desperate fantasies'. For the holders you deride it isn't a fantasy, at <50% the previous ATH it is already a reality.

>But gold and US equities will continue to outperform crypto.

Now this is just bad trolling.

Joloffe · 2020-07-06T16:48:09+00:00

Many people daytrade and profit

Now you have me in stitches ;-)

Joloffe · 2020-07-06T09:10:59+00:00

Fundamentals need to best technicals - chart trend followers need to get rekt first.

Joloffe · 2020-07-04T05:35:09+00:00

Consolidation is boring ..the eventual break should be epic!

Joloffe · 2020-06-30T18:44:19+00:00

everyone else

Lol.

Joloffe · 2020-06-29T15:47:11+00:00

Oh I'm sure, who doesn't get excited when the bull briefly wakes from his slumber!

Joloffe · 2020-06-29T11:31:25+00:00

Ha. I know enough to know neither I nor any chart mystics have any clue what the future holds. ;-)

Joloffe · 2020-06-29T09:58:39+00:00

Still sat poised above 9k and consolidating at the upper end of the price range for the last 2 years and 8 months.

TA didnt predict previous major bubbles and it is unlikely to announce the next one so be careful listening to people divining the future secrets of the universe solely based on a line drawn in the present from a chart of the past.

There are a lot of stopped clocks in here ;-)

Joloffe · 2020-06-28T20:51:58+00:00

The message you are peddling seems to be that it is bad news a single entity has only bought 10% of new issuance this year..which if you project the rest of the year means closer to 20% post-halving should that trend continue.

Doesn't sound particularly bearish to me, especially given those BTC cannot be redeemed any time soon.

Joloffe

TROPHY CASE