On the begginig of October, we gonna see some rain of "News" from countries that just don't accept BitCoin. Let's the Games starts. I will wait for Monday to make any analytics...
If you have some insider information that the world is about to go on a full frontal fight of Bitcoin that would be handy to know... Or are you just bring the troll box to everyone's attention.
monguilhot
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@DanielBeasley, Hi matte... We dont need to get "inside" information to know that banks and other countries with lower economic powers just hate bitcoin and gonna fight with all that can get againt btc. Just search about North Korea Hacks, Venezuela prisions of home miners, China bans, "Wolves" from banks saying thats a fraud and etc etc etc... BitCoin is a descentralized economy, no Banks, government or private, don't wanna lost the rules of the money's game. We are just starting the battle.
monguilhot
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@monguilhot, ah! Why monday? just because is the date limited from China to exchanges close their doors... and for sure, other instituiction will "grab" the tails...
football3958
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@monguilhot, its all bullshit news to correlate price movements, any media attention turns into positive movements for the crypto, retraces lows for the new highs!
Chinese exchange owners have to have retained large BTC balances to keep operations possible through the 30th. Exchange owners are reportedly under close watch and restricted from leaving the country. Even without those pressures one expects liquidation of assets when businesses are dissolved, so dumping of BTC operations wallets by exchange owners seems reasonable. If they don't dump that will be a hell of a signal of their confidence in BTC and it's future return n China.
monguilhot
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@thetazeta, Hi... Look, China is old news. who did not know that China would ban the BTC? It was only a matter of time. That "they" have meticulously chosen. And could be just a metter of time for "they" (maybe we can call BRICS) makes a new CriptoCurrency (I can guess the name, RCC) , confiscate all the GPUs from miners (ok, maybe not, China is not so Communist from these days) and make their own big mining farm. And im not an ambassador in China to make these "predictions". The question here is that the Graphs are showing that something will happen soon, and this weekend will predict the moviments.
DanielBeasley
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@monguilhot, Thank you for a reply that was intelligent. That shows you are not just another troll, crypto is loaded with them and it gets frustrating when my phone goes off every 5 mins for someone to yell wolf that just started trading two days ago, and claims useful information as everyone is pros in this world. As for my response, I say this respectfully, Crypto ( not only bitcoin ) was labeled as a terrorist from day one, this "ban fight" didn't just start recently. Although as you are correct, it has progressed, mainly due to the fact that it has now become powerful beyond expectations, and with that the "big brothers" are worried. Once again, not the first time, this literally happens like one - two times a year. As a trader, I love facts, numbers, stats, logic, ext. And personally, this is what I have come up with, Crypto has no authority, all an authority such as government can do is try to scare the sheep, which true, could be enough. With that said, lets look at a big one, The recent news of China, which is the largest player in the game. (China loves a good gamble) China's dictatorship with its ruthless behavior compared to other countries took the lead in the war on crypto. But even with their war on crypto and being the dominant force driving its success, it didn't hurt. Why? Because if you trade crypto, and understand it on a serious level, you know they cant stop it. No one can. Hell, lets face it, 75% of us have been trading illegally for at least a year already in regards to our countries "standards" on crypto. That should say a lot. And Korea, the most recent, lets not get started on that joke. America is hurt the worst by crypto, and they are smart enough to know that even tho its a problem, there also isn't a solution. Summary, if your trading cryto at this level, you are smart enough to know its not going to stop, unless your a cnn fan looking to get rich, dump all you want, we love it every time. Just remember, when goldman ( the real leader of the world) say go, it goes. When the billionaires such as Bill Gates move 10% of their net worth into crypt, they didn't do it because they are idiots. This is a site for traders, trade smart. You wanna invest, hire and old person. A trader makes a profit today, not later. I don't care what happens to bitcoin in 5 years. As you, Im a trader, and today, tomorrow, the next day, the next year ill make profit and value other traders insight in hopes they saw something I didn't, and react accordingly. Making 500 thousand phones go off via email to say " I'm scared " has the value of zero. Expect for new guys that heard "get rich" on cnn last night (They might sell, and we appreciate all of you truly). Play the game with us bro, show us some silly stats even if they are hilarious to some, grow as a trader, become a wolf. Don't say " my gut hurts" , its annoying, and that same attitude cost money as a trader. Facts, stats, silly voodoo your grandpa taught you, anything works. Sorry that this is long, Iv literally had my eye balls with message that contain no information of value expect " Im worried", it wastes to much time. You wanna be a trader? Leave your emotions behind. I'm a blunt person and apologize for how that sounded, but hope you understand and use it as encouragement. ( Plus you this message got the brute of a extended happy hour). Just remember, as a trader, even if this boat is sinking, we make money. You think its sinking, show us a logical reason, because the "war on bitcoin" reason got old back in 2012. Cheers, good luck.
monguilhot
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@DanielBeasley, You are really wrong about me. Yes im a trader, but im an investor too, and for sure, Im a defensor of Crypto and free market and I really dont watch CNN. To be honest, I dont have time to watch cable either... And sorry, but im not afraid, I will be really happy if Btc falls to 2000s level or even "better", because I know that Cryptos will got long life. And this post is not to finish now but keeping updated until the BTC prices goes to a monotone bullish time. Anyway, thanks for your time...
DanielBeasley
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@monguilhot, Then as a trader you know we make just as much money with a increase of price as a decrease of price. (this site is called tradingview, investors are too boring to have their own cool site so lets leave that to JPmorgan) As a trader I'm willing to bet you didn't go short because your scared of Oct 1st being Dday on crypto simply because your worried without logic. If that was the case your still stuck in a short position from 7 years ago when the first subject such as this made everyone smile. And if that was the case, I have bad news, close that one out. Give us some magical fibonacci spiral voodoo, mix it with some quantum physics theory thats hilarious. Anything other then, "this feels strange". Its felt strange for 8 years now. This community needs experience, not chicken little. Iv literally almost changed my email address because of these type post. Don't be that guy. Is it going down? Maybe, show everyone why you think it is with some kind of logic, any kind, make a chart and draw a smiley face thats unhappy and say the world is frowning so this is going down. ( btw, your setup doesn't actually indicate down, its actually a bad setup for any stand alone strategy, your mixing strategies via indicators giving you information overload syndrome, even if your a BAMF you would know that at best it indicates chop.) Lets grow a community, not intimidate new comers by saying "bit coin will fall because America will declare war on bitcoin Sunday ". In reality, I say 1% chance at best that one country that matters will make a valiant attempt that counts, let alone multiple. This only irritates experienced traders due to waste of time, driving them away from the community and giving up valuable insight, and it scares new comers keeping them from growing or even causing them to completely giving up.