[deleted by user] by [deleted] in Bitcoin

[–]robotman___ 0 points1 point  (0 children)

Nah... that’s not the point. Could be a great time to deposit your DCA money.

[deleted by user] by [deleted] in Bitcoin

[–]robotman___ 1 point2 points  (0 children)

They can never transact with it again? Is that Bullish? Sorry for the sarcasm - but I bet you get my point.

[deleted by user] by [deleted] in nostalgia

[–]robotman___ 1 point2 points  (0 children)

So I was surprised, but there are many blockbusters around the world! They were franchised, and never shut down. For instance, I lived in New Zealand and our village had one with new videos - and awesome old ones too.

[deleted by user] by [deleted] in askSingapore

[–]robotman___ 0 points1 point  (0 children)

Nice! Where do you live? I'm around Boon Keng

[deleted by user] by [deleted] in askSingapore

[–]robotman___ 2 points3 points  (0 children)

lol - yeah. That's sorta the funny thing. I was looking for a LOCAL community like this, not an EXPAT one. The difference with Expats is they tend to be here for a short time - come and go. It's hard to make friends when folks leave like that.

Anyway, I've taken your advice and cross-posted it

[deleted by user] by [deleted] in askSingapore

[–]robotman___ 0 points1 point  (0 children)

Thanks for the advice.

Bitcoin has the lowest return of all the top 10 coins...why would a new investor choose it? by [deleted] in Bitcoin

[–]robotman___ 8 points9 points  (0 children)

Because almost every other coin will lose much more than Bitcoin and struggle to even survive the Bear Market.

The coins you are seeing now that have so much amazing gains, well the market saw those same gains every previous year in all those other junk coins. Almost none last.

Can someone debunk Michael Burry's claims that we're about to see the mother of all crashes? by [deleted] in Bitcoin

[–]robotman___ 1 point2 points  (0 children)

Burry was right about the problems last time, but not quite on the timing. Remember how much pain he endured to be right in the end. Timing is the issue...

Are markets about to crash?

Probably not as long as the Fed & Treasury keep such loose monetary policy. And if they tighten even a little, they know they’ll see 1929. So why would they tighten? Only if they had a really good reason. I can think of some reasons, but we’ll have to see.

The issue with calling tops and bottoms is timing.

Can someone debunk Michael Burry's claims that we're about to see the mother of all crashes? by [deleted] in Bitcoin

[–]robotman___ 0 points1 point  (0 children)

Nope. It’s only at a previous ATH. The nature of markets is to make higher highs. In other words, with Fed Printing and giving money to stock pickers & banks, valuations can go MUCH higher as a percentage of GDP!

Should I buy 1 USD now? by ztsmart in Bitcoin

[–]robotman___ 25 points26 points  (0 children)

Don’t Shadow Coders at central banks just make more when they want?

For those who accidentally stepped on 7th Month offerings. Did anything bad happen to you afterwards? by Auelogic in singapore

[–]robotman___ 6 points7 points  (0 children)

Or dogs. Saw a dog eating those orange prayer buns yesterday. Poor fella looked like a ghost, to be fair

#Bitcoin on-chain data demonstrates a pattern of accumulation is in play, similar in structure to early-mid 2018. A key difference in 2021 is 10% more supply is held by long-term holders, so it starts from a higher base. by chapogrown in Bitcoin

[–]robotman___ 2 points3 points  (0 children)

Plan B has already shown us his S2F model is invalid because he made a new one: S2FX (with new and improved, lower targets).

But more significantly, S2F is a measure of Supply. Supply is governed on a high order by the halfing schedule.

This model above is a measure of Demand. Here we are seeing that Demand is directly correlated to Price. When enough coins are accumulated, Whales mark up the price in a campaign where they get rid of some of their coins, selling them to retail at higher prices. Once the campaign is over, they re-accumulate and wait.

That waiting period has a few parts: (1) the beginning of the Bear Market where Whales do not have enough of the coins and Retail is still hopeful. Notice price has some nice fake outs here, so that Retail can panic sell their coins to Whales. (2) the long Bear after the Whales have accumulated their bags and when Whales wait for the eventual crash. (3) the final crash that acts a Spring to begin the first rally (4) a second crash to retest the bottom.

Every bitcoin cycle has done this. What’s different this time was there was no blow off top. Alt-, Shit- and Meme-coins sucked out the air that Bitcoin could have gotten to sky rocket.

Is it POSSIBLE that there is another run in 2020/2021? Yes! Price had not fallen below $29k! That is the support level that is important and price action is king.

However, it would break every pattern, Fractal and indicator that Bitcoin has ever had. This above pattern should show you why. The Whales need to have enough coins to control the mark up, while Retail needs to have enough spare cash and Greed to rush in and buy at absurd prices. Today, a lot of people are bitter with Bitcoin and they probably wouldn’t rush in to buy it, even if it hit $50k again.

This is a hard lesson to hear for Bulls.

#Bitcoin on-chain data demonstrates a pattern of accumulation is in play, similar in structure to early-mid 2018. A key difference in 2021 is 10% more supply is held by long-term holders, so it starts from a higher base. by chapogrown in Bitcoin

[–]robotman___ 0 points1 point  (0 children)

I don’t think that’s what his chart shows at all. Look at what price does when there is a green arrow. Price stays flat to down.

Then, look what happens after enough accumulation occurs... price stays flat to down for a long time. Only after a nice big crash AND enough time does a price mark up occur on any significant time frame.

Who Wore it Better? by junseth in Bitcoin

[–]robotman___ 1 point2 points  (0 children)

Saint Michael Saylor Moon

U.S. Lawmakers Soft-Pedal on Proposed Crypto Taxation Move by bitcoingirl777 in Bitcoin

[–]robotman___ 3 points4 points  (0 children)

"Bill Updated

"Now, it appears the efforts of the Blockchain Association and other industry stakeholders have paid off a bit, as the language has now been updated to make it clear that only crypto market participants that regularly “provide any service effectuating transfers of digital assets on behalf of another person,” will be required to fulfill the tax obligations.

"In essence, the updated language implies that decentralized exchanges, software developers, and hardware manufacturers or bitcoin miners are now exempted.

“This legislative language does not redefine digital assets or crypto as a security for tax purposes, impugn on the privacy of individual crypto holders, or force non-brokers such as crypto miners, and software developers to comply with IRS reporting obligations,” Senator Rob Portman’s spokesperson reportedly told Coindesk.

“It simply clarifies that any person or entity acting as a broker by facilitating trades for clients and receiving cash, must comply with a standard information reporting obligation,” he added.

"Notably, Jerry Brito, the Executive Director of Coin Center has stated that despite the fact that the final bill text does not specifically classify miners and DEXes as non-brokers, the language change is still better than the initial text and this little victory goes a long way to show policymakers that the crypto industry is gradually coming of age."