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Merged Bitcoin - Part 3

The_Animus said:
Keep predicting penny dreadful, path to oblivion, etc. for long enough and your technical analysis guessing will eventually be right.

Just as a broken clock will eventually be right about the time.
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I hold the view there is infinite supply of crypto currency, and divide any number by infinity to get to zero.
Has there ever been a commodity with infinite supply in history?

No says the 8 year old.

And this distribution pattern we currently see is at a perfect retracement level.

last 11000
 
Samson said:
I hold the view there is infinite supply of crypto currency, and divide any number by infinity to get to zero.
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No you don't. You already know that 21M is the hard limit.

You just believe that because bitcoin is "evil", any BS will do if it talks the price down.
 
psionl0 said:
No you don't. You already know that 21M is the hard limit.

You just believe that because bitcoin is "evil", any BS will do if it talks the price down.
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There is no limit for numbers of cryptocurrencies, just imagination.
Mine is to be called Samsonite.
 
Samson said:
There is no limit for numbers of cryptocurrencies, just imagination.
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Do you really think that you can pretend that this crap hasn't been rebutted time and time again?

There is no shortage of metals either but that didn't stop you being bullish on gold.
 
psionl0 said:
Do you really think that you can pretend that this crap hasn't been rebutted time and time again?

There is no shortage of metals either but that didn't stop you being bullish on gold.
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That is the interesting proposition, that aggregating piles of compost creates a new truth. It is irrelevant your debunking claims, they always confront the brick wall of infinity.
There is a restricted supply of everything on this planet, excepting creators of crypto currencies.
 
Nah I think I'm really not suited for daily trading. I see patterns where they are not.
Maybe waiting for another winter ? That time when both prices and activity is low for months .. then buy, wait for next craze. Even if you'd sell after it crashes you would still make tons.
Or maybe it's just another fake pattern ..
 
Dr.Sid said:
Nah I think I'm really not suited for daily trading. I see patterns where they are not.
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You're not the only one. This thread is full of "experts" on bitcoin price movements.

The truth is that nobody knows what will happen next. Even though in the long run, most buyers who held on to what they bought have made a large paper profit, that situation could change any time between now and infinity.
 
Samson said:
I hold the view there is infinite supply of crypto currency, and divide any number by infinity to get to zero.
Has there ever been a commodity with infinite supply in history?
Click to expand...
I suppose the US Dollar will be hitting zero soon, being there's an infinite supply of fiat currency.

Samson said:
I think of bitcoin as a bloke's coin, interesting to see a glamour girl weigh in.
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Just when I thought things couldn't get any stupider...
 
"I think bitcoin is easily going to take out its all-time highs," Tom Lee, research chief at Fundstrat Global Advisors, said last week on CNBC, saying the digital currency could potentially run as high as US$40,000 if conditions stay favorable. "We're deep into a bull market."

hahahahahahaha
 
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