# Bitcoin #
If you can't handle the data, you shouldn't be playing. In the meantime, take a look at the yearly data, draw a trend line from peak to peak and have a good hard look.
Speaking of data and tend lines, this is from the other week but this chart really makes sense, all you guys into crypto should really check this one out.
https://www.tradingview.com/x/klRLxvGI/
(BTW. Since this chart was drawn up the other week, we have stayed within the natural sustainable trend channel)
Absolutely brilliant! A chart! He found one! Problem solved in a nutshell! All questions answered! Trading bitcoin within that speculative trend channel solves everything! Now the big guns, the real experts come out to play and simply cash in! Like this indo dreaming guy below, who says this on the previous page! Stuff the trend channel he reckons, in a nutshell! Just start cashing in outside of it! Again, just sheer brilliance and hard core googling!
'6K would be my re- entry point.
Personally I've decided to bite the bullet and sell all my alts to Bitcoin and get proactive and start making money off it's movements.'
But wait a minute, hold your horses! Those flamin' other trading experts like this indo dreaming guy, are issuing dire warnings about bitcoin! Look what the big gun says on page 11! In a nutshell he reckons avoid it like the plague!
'IMHO bitcoin is now also one of the worst investments in crypto, lets take a price of 10.5K USD to double your money it needs to hit 21K USD, of which it may do, but it hasn't done yet and would most likest take months to do.'
As for the real info, actual data about actual trades and accounts, all the stupid nitty gritty shit like entry, exit, costs, position size, profits, that expert indo dreaming guy says, in a nutshell, stuff that shit! How the blooming hell can the pros, the big guns keep track of that! And in a nutshell, he says stuff the ATO too! As a matter of fact, he says stuff money management, stuff protecting your capital, stuff the flamin lot! Just ride it all down the gurgler! While you cash in! For the kiddies!
Sheer brilliance, what more can you say! In a nutshell!
What was the screen name that you went by after Uplift Mick ? Those were hilarious times, sledging to victory.
the best of times
@Crypto knight
Sorry I've never claimed to be an expert on crypto, if you go back to the first page and read all my comments you can track my journey from total kook to where i am now which is intermediate level, and just like anyone sometimes i get it right sometimes wrong, I'm still on a journey still learning and yes just like Bitcoin/cryoto my views are up and down and often all over the place, just go follow anyone on Trading view or TA and other views on youtube Crypto channels and you will find exactly the same thing and lots of contradictions from week to week, things in Crypto aren't easy to figure out and often break rules or don't follow traditional TA for traditional markets.
And yes I'm not a fan of Bitcoin in itself, to me it's outdated it uses huge amounts of energy and i don't believe in crypto as in a decentralised payment system for wide stream mainstream use, i think its just a pipe dream, but i do believe it has a use for improving business and anything that improves business and makes established business more money has a future, in recent weeks I've wrestled with just biting the bullet and putting everything into Bitcoin because sadly it's movements effect the market so much and at times Bitcoin can moon while alts sit still or even devalue and it's a popular method among more knowledgable people in crypto to go into bitcoin until it goes on a bull run then go back into alts once it stabilisers.
However If it be known i decided against this, I've had a lot sitting in Teether waiting to drop below 6K, last night during a dip i decided to put a little back into alts i believe in, a hard decision to make that could end up being a mistake if we do retrace, but i also don't want to be caught out to far behind the eight ball if things do increase even more.
I shared the chart because unlike so much TA that is just hugely speculative looking at the recent past or near future, this chart takes the longer tern trend into account and gives a better perspective on a longer time period.
Judging by your name you are into Crypto so perhaps rather than be negative and attack me personally, maybe you can share the knowledge you have learnt or at least your thoughts instead and come up with something constructive.?
Indo, that post was written by a fella that’s over 60 and still on minimum wage . Please tell me you’re not concerned with the financial opinions of a geriatric that fronts aerobics classes for bored mums who are waiting for daycare to finish.
He’s baiting you cause he’s actually a malicious wanker . Tell him youre aboriginal and he’ll gush over how wise you are regardless of what you do with your money.
Yes Eddie and Blowin it was nice here for a while without the negativity of Uplift or whatever names he uses, but agree it seems by his writing style he is back to troll me :(
Funny he actually went to the trouble of actually creating a name Crypto Knight just to troll me, i must have hit some serious nerves in that thread last year.
Was it Hercules???
Indo dreaming, no, you are still at total kook level, whilst spouting advice. That’s your specialty. It’s hilarious. Whole trading books are written about the rubbish that you are advising in this very thread. You are no where near the basics. Even your ridiculous comments about what it takes to double your money with bitcoin are completely wrong. Total kook stuff. But south park like you’ll google on and argue brilliantly. Blowies specialty is searching for mates on line, even as far as east of Albany.
Brave Sir Camelot! Now sir camelotless! Ed, if only you’d listened! Broke back 300 now playing! What to do! And so young! There’s always the charts! Through the knight, always the charts always, always always always. When all that’s needed is a limp through the millipedes out the shed door to the cliff, and a posted shot! And then there’s instagram. That nutty shot you posted of that Hawaiian sandhill fiasco, that I spy with my little eye, throwing your ’mate’ to the finis, was wild and wooly!
Bitcoin boogy knights! It’s in a nut shell, sheer genius! But don’t quit your day job! (Not to be confused with ‘jab’.) Sheer genius in nut shell.
Oh no 100% it is him he is back, It was so refreshing without your negativity and personal attacks here :(
‘I'm still on a journey still learning and yes just like Bitcoin/cryoto my views are up and down and often all over the place, just go follow anyone on Trading view or TA and other views on youtube Crypto channels and you will find exactly the same thing and lots of contradictions from week to week, things in Crypto aren't easy to figure out and often break rules or don't follow traditional TA for traditional markets.’
Your statements just get more and more ridiculous. This rant above is total rubbish, based on you having no idea what you are doing, but deciding that you are at intermediate level. Sheer genius in a nut shell. Look seriously at your comment above. It’s hilarious that, hey presto, google, nutshell ‘intermediate’ wisdom. The above comment shows that you are still at total kook level.
So where is bitcoin going from here, any ideas?
Indo, your comments are well thought out and I am always interested in what you have to say.
Cryptoknignt wtf chill out mate.
Still indo dreaming’ comments have some value, from a pitfalls to avoid, and a what not to do example. No doubt that intermediate wisdom will quickly grow bolder, in a nut shell. But here’s some truths, any beginning trader must master.
Despite all the other necessities, no matter what instrument that you choose to buy and sell, your number one, most valuable tool is your capital. Cash. So first and foremost a beginner needs to learn all about protecting, valuing, respecting and managing capital. At all times. Always. Avoid anyone’s advice that says otherwise like the plague.
Indos chart. Bitcoin. Any instrument. Anywhere. Any time, and any time frame. The one main thing that isn’t speculative, isn’t gambling, guessing. There are a few, and only a few, but one supersedes all others in any market, any instrument. Price. The basis of all else. Including indos mighty chart. Price, open, close, high, low, range. One bar at a time! So much true, reliable information, contained in those price variables. Price, the next thing a beginner needs to master. Bitcoin, the instrument does nothing, the buyers and sellers go here there and every where, and create price. In any market, trading. Master what that really means. It never lies. Avoid anyone’s advice that says otherwise like the plague.
Master those two, become experts in those two, and you will be level headed, and you will also know what else you then need to successfully trade. You will have clarity in the chaos. You won’t be all over the shop and prone to fits of ignorance. You will ask the right questions. Seems simple. What does price reflect? Put in the time and effort necessary to become an expert. I’m gone.
...and just like that he’s outta the game... gone... vanished...
@Topsy
Thanks mate
Bit of a history lesson.
Crypto Knight is a new alias for a long time poster, that has gone under a few other names like Uplift & Herc (Hercules)
I really don't know much about him over than that he loves to argue and troll people is about 60 and a body builder or into that kind of thing also thinks he is some legend of the wave Blacks in SA. (maybe he is, who knows)
Now he is in this thread he will constantly troll and try to bait me and possibly others.
I highly doubt he has any interest in crypto, he would have just created the name to troll me, i was the last silly bugger to take him on and he is obviously still really butt hurt over it.
Most long term posters have had a run in with him here, but most are smart enough to not interact with him too much, I will also do my best to bite my tongue and ignore him, but it is hard sometimes though.
Indo , old mate Uplift ain’t a legend at Blacks except for the fact that he turned up everyday. Excludinding that he’s just another Noddy dog in the line up : no particular talent , just persistence ......like most of us !
Take his pisstaking as a flattering attention grab. Best of luck in your ventures , mate . I hope you don’t have to prostitute yourself to any one ever again in search of a dollar.
Its my fault . He clearly cracks the sads and instead of kicking the dog he gets on here and try's to disturb the peace . But with every re-entry ( a maneuver he only seems to have perfected on these walls ) , he makes more enemies and people whilst think he's occassionally funny . It wears thin pretty quickly . The Kryptonite title is something he has twisted from my posts a very long time ago . He seems to have so much time within his busy schedule to trawl back through posts and try and repost and twist the lines . Although i think in his last moniker he is going to far and actually personally attacking another member of this forum . Of which i will publically ask Stu to remove him again, as whilst i love an arguement the recipient deserves more respect from him . As the guy has done more for our sport than Uplifts:- Community , Historic , Sports medicine, B'Ball and surfing combined .
So i'm sorry to all that i have goated him in the past , as now everyone cops the resultant relapse .
Thanks indo, I wont take the bait if he has a crack at me.
Being smashed by the big bloke is part of the Swellnet experience......embrace it. He can take it as well as give it.
I’ve no doubt the old lag can take it.
His blurter has probably copped more lineal inches of meat than the packing line at the Kransky factory.
Have a go what surfing has plummeted into. The 3 amigos plus 1. A balled up, terrified baitball of squealing, squwarking, shrieking mummies boys, worlds greatest bullshit artist, soft cock, loser gimps! Sstthhtteewwiee!!!! Muuuummmyyy... ppwweeetthh heewwlp uth uggeeennn!!! Pppwwweeeaatthhh Stthhteewiiee!!! Muuummmyy!!!
The only thing they are expert in is being soft cock, bullshit artist, mummy boy, loser gimps. Pros forever!! Soph’s dream come true.
Topsy... FFS, Topsy? Look at your fucking question.
So where is bitcoin is going from here, any ideas?
Why not just ask if anyone knows if the lights are on.
Swillnuts in a nutshell.
pointless thread and pointless pointy comments...p.s. udoze a dickhead ;/
Interesting positive read about crypto in Australia
"How Australia Is Becoming A Cryptocurrency Continent: Markets, Regulations And Plans"
https://cointelegraph.com/news/how-australia-is-becoming-a-cryptocurrenc...
Where do you think its going cryptoknight? I really want to hear your opinion.
...there are so many articles and opinions out there that I cant possibly cover them all. One of the benefits of a community like this is that between us we cover a lot more ground. If someone posts a link or opinion here it almost always has some value. That is why I ask.
Great article indo, thanks
I bought a nice chunk of BOT Blowin, in anticipation that phase 2 will be just as successful. Thanks for the tip. I was thinking, not only is the share price currently supressed by paranoid dinosaurs because of its stigma, but it’s mostly fast adopting youth that will be buying & using the product, once it’s ready
For gods sake never take a suggestion from anyone even remotely like myself.
Is this bitcoin thing still going..
That an interesting thought can Bitcoin stop or vanish?
If not mined i think transactions can't be completed?
But even if not mined it will still exist as code on computers and can be brought back to life.
But yeah its still going sitting at about 10K AUD at the moment had a 1K plus jump in price the other day in about half an hour.
Bitcoin is actually looking good at the moment, broken the descending trend line on the daily chart which is a good sign and have a golden cross on the 4 hour charts another bullish sign.
Bitcoin also got approved legal under sharia law for muslims last week, which opens up the market to about 1 billion more people.
Lots of alts have had a good run this week too.
Not a fan but Verge even did some deal with Porn hub yesterday.
Some fcuking whale just dumped 166BTC's worth of ADA to sell on Bittrex creating a huge fcking sell wall at 32 Sat. There goes any chance of a rise in ADA overnight!!! :(
Just for the record, that's a sale of AUD$1.7 mil worth!!!! Who the fck has been holding that much in one crypto over the last two months biting their nails!!!
If only they'd sold in Jan 2018 they could have got over double that!!!
Doesn't look like it's there now, and no crazy drops in price just nice steady up and down chart with nice gradual sustainable growth.
I don't take to much notice of depth charts and buy and sell walls, seems they appear and disappear all the time, not sure if bots or whales use them to try to manipulate price even if just psychological.
Ive topped up on Ada recently looks like some positive news of late aded to big exchange in China, new pairings USDT on Binance, some decent events coming up in next few months, it's quite a way down on it's all time high and has a good team and reputation, seems like they are just steady building rather than rushing and hyping things.
The whole market is looking really good at the moment, nice steady growth in prices, BTC is going up or holding around 8K and alts are all in the green, seems to good to be true.
Fingers crossed there is no more major FUD.
Oh and BTC dominance has dropped again https://coinmarketcap.com/charts/#dominance-percentage
I bought ADA in the dip back on 19 March. It's upside potential at that point was just way way to good to pass up. Without jinxing it I've over doubled my money in a month. No question ALTS are on fire at present. But if BTC breaks out.....look out for a short term ALT dip for sure.
Word on the street is that NEO is the next one to watch this coming month. I wish I'd bought some when it dipped to $45 back in early April. Would have doubled my money by now and they're talking about it getting as high as $150+ by the end of this month or thereabouts.
EOPT Airdrop too. 100 EOPT Tokens. Get in quick to get approx $200 worth of EOPT tokens for free.
Nice cheeky referral link there Don haha
Thanks don. Hope u end up loaded with tokens :)
Fcking Merculot ICO sold out in 2 min!!! I tried to get me some but the ICO website (Tokeneed) is a fcking piece of sh1t and wouldn't let me hit the "buy" button as the traffic on their website was choked.
Just watch the huge gains once Merculot hits the exchanges in 6 weeks + time!!!
Just for the record, at ICO 1 MVP = USD$0.011
Same here for merculet
(They're) non-productive assets. It essentially will not deliver anything other than supposed scarcity. What does it produce itself? ... Anytime you buy non-productive assets, you are counting on someone later on buying a non-productive asset. It does come to a bad ending ... cryptocurrencies will come to bad endings."
Warren Buffett
Productive assets create an income (shares with dividends), non productive assets don't (etc Gold)
Many cryptos don't produce an income they just fluctuate in price that can either be traded or held as a speculative investment.
However it's not true that all cryptos are non productive assets as many cryptos you can actually stake, where once you hold a certain number of coins, you actually get rewarded with more coins or a different coin. (if you like you can cash these in and still hold your original holding of cryptos)
For example the most well know is the NEO platform, where for holding NEO you receive another crypto called GAS.
It's called POS (proof of stake) it's a system to verify transactions that uses very little energy opposed to bitcoin that uses POW (proof of work) that uses huge amounts of energy.
IMHO the future of crypto is in low energy use, fast, scalable crypto that helps improve business or provide business solutions so I'm a fan of POS cryptos.
Google proof of stake cryptocurrencies to learn more.
There is also a few other ways to get an income from cryptos other than staking or mining, trading etc, like securing a masternode but you would realistically need a lot of money to do this.
crypto-interest on a crypto-investment paid in another crypto-currency all in a free and unregulated market controlled by crypto-makers of all the nations on earth. Would that be a fair start to understanding what you blokes are investing in?
Very interesting read.
Cut and pasted from elsewhere.
Dubai is planning* to remove middlemen like lawyers, accountants, bankers, immigration officers & govt. officials by year 2020 by adapting to blockchain technology.
What will governments look like 5 years from now? Today Dubai announced its plan to be *“The World’s first blockchain powered government”* with a plan to move 100% on blockchain by 2020:
> ArabianChain is moving all Dubai’s government paperwork onto the blockchain, so it doesn’t need lawyers and government departments for verification.
> ObjectTech is providing digital passports and blockchain security to Dubai International airport to deliver seamless entry and exit from the country.
> The Dubai Land Department has launched a blockchain system to record all real estate contracts and record all property-related transactions such as rental, utility and telcom bills.
> In October, Dubai launched emCash, its own cryptocurrecny for citizens to pay for all services via digital cash.
> The country has set up the 46-member Global Blockchain Council, including companies like Microsoft, IBM and Cisco, to lead the way in the country’s adoption of blockchain technology.
Blockchain smart contracts and cryptocurrency track all transactions that take place with any agreement or transferable asset. That means the end-point of Dubai’s blockchain adoption is that there will be no further need for the middlemen in our day-to-day transactions.
*No more laywers. *
*No more accountants. *
*No more bankers. *
*No more immigration officers. *
*No more government officials. *
Dubai estimates that by putting its 100 million documents each year onto the blockchain, they will save 25 million man hours and $1.5 billion in tax dollars.
It would also massively shrink the size of the Dubai government. Why would they do that?
As Dr Aisha Bin Bishr, Director General of Smart Dubai Office, the country’s department in charge of making Dubai the world’s smartest city says:
“The Dubai government differs from others around the world in that it aims to make Dubai the *‘Happiest City on Earth’* In short, we want to give people back time they would have otherwise spent on filing paperwork.”
Could Dubai’s Blockchain initiative lead to a revolution in happy countries reducing the size and influence of their governments?
Could an end point be no government at all?
“The Internet is becoming the town square for the global village of tomorrow.” ~ Bill Gates
When asked how he would set up a government on Mars, Elon Musk said the “Most likely the form of government on Mars would be a direct democracy - it would be people voting directly on issues.”
In other words, in this new technological age where the best middle man is no middle man, the best government may be no government at all.” - Roger Hamilton
“Lets go invent tomorrow instead of worrying about what happened yesterday.” ~ Steve Jobs
This is a warning, nay more a death knell for people who have worked for years in middle management jobs or employed with specific skill sets such as lawyers, engineers.
https://smartdubai.ae/en/Initiatives/Pages/DubaiBlockchainStrategy.aspx
Show me a blockchain that can hammer a nail into a piece of wood ..
Following this thread with interest. Personally have been into crypto since Dec 17. Have bought and sold abit and am.now focused purely on alts. Mainly Singapore & Chinese. The volatility is incredible and if into trading can make some massive gains. For eg in less than 3 months I started with $500 worth of ONT and now worth $5000
I like the cheap coins with potential,ie I bought all below for under 20c.
These are coins I am into for long term and possible big gains.
TRX, OCN, ZIL, ACT, CPX, CPC, DGB and my latest favourite ZEBI
Not financial advice just my thoughts.
Totally hooked now
King Kennedy - how do grade their potential?
Not sure how to grade but for ALL those coins/tokens I am extremely confident they will all reach $1 within a year. Some I got for around 1 cent! Overall have invested around $5 grand on those coins since late Jan. Current worth above $12,000 if I cashed out today
Have a few others on the go as well but more of a gamble for them I reckon
The Bitcoin graph looks Interesting ! ?