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Forum » Are you bullish or bearish on btc chart (pic)?
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Thread: Are you bullish or bearish on btc chart (pic)?

post 1641733373 06-27-2021, 01:45 PM
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#1
  1. johnnyboi123
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Are you bullish or bearish on btc chart (pic)?

post 1641733893 06-27-2021, 01:55 PM
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#2
  1. Sylvarius
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Bearish for next ~2 years. It will make a new ATH and be above 100k eventually, but for now Im betting in it slowly bleeding out until ~15k
6'1 masterrace crew
phone is a $600 alarm clock crew
sleep in my car on Friday nights so my cats think I have life crew
You best start believing in clown worlds, you’re in one
post 1641734483 06-27-2021, 02:07 PM
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#3
  1. RustleU
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You don't understand it pal.
Participating at my own risk
post 1641734553 06-27-2021, 02:08 PM
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#4
  1. quadfecta
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depends, are they still pumping the market with tether and other stable coins pegged to the dollar, which gives whales and exchanges the ability to buy btc and other crypto virtually without risk to their own capital? just lol @ people who let the new elite gaslight them into thinking crypto isn't a ponzi
post 1641734733 06-27-2021, 02:12 PM
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#5
  1. mesobuild
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Technical analysis does not inspire me for cryptocurrencies.

Changes do not reflect fundamental forces changing over time and usually come from novel contexts.
post 1641736553 06-27-2021, 02:47 PM
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#6
  1. BetaAsPhuck
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Bearish.

I believe we are in a bear market.

Alex Becker was 100% right, although he was new to crypto trading he said that so many people in the crypto space are convinced that they will see the market coming to an end, due to living through the 2017 bull market. He basically said that it's going to be creep upon us, and euphoria will make people blind to the signs. He was spot on.

Most of us (including myself) didn't spot the obvious 'euphoria' part of the market cycle, when memecoins were doing 10X and 20X literally every day.



I think we are in the denial stage. There are still people in the crypto space who believe that things will recover soon. (I hope they are right, but I don't think they are.)


Hopefully I've learned my lesson for the next bull market.
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1641737223 06-27-2021, 02:57 PM
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#7
  1. Destor
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Originally Posted By quadfecta⏩
just lol @ people who let the new elite gaslight them into thinking crypto isn't a ponzi
The *best* ponzis are those mixed with legitimate developments (like blockchain). People think this is something new but it's really not, it's just another spin on a tale as old as time
post 1641737673 06-27-2021, 03:02 PM
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#8
  1. MotorCityCobra
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bearish tbh
post 1641738033 06-27-2021, 03:07 PM
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#9
  1. quadfecta
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Originally Posted By Destor⏩
The *best* ponzis are those mixed with legitimate developments (like blockchain). People think this is something new but it's really not, it's just another spin on a tale as old as time
yes and I'd add that the mechanisms of the tech are so convoluted with technical jargon (see any whitepaper on btc) that most people wouldn't be able to get past the first couple sentences. Theres a reason the richest man in the world (Buffett) claims he only invests in things he understands.
post 1641739213 06-27-2021, 03:28 PM
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#10
  1. knightofday
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Originally Posted By quadfecta⏩
depends, are they still pumping the market with tether and other stable coins pegged to the dollar, which gives whales and exchanges the ability to buy btc and other crypto virtually without risk to their own capital? just lol @ people who let the new elite gaslight them into thinking crypto isn't a ponzi
From what i can see it was/is completely created and controlled by elites. People are incredibly ignorant believing that "satoshi" story. Its laughable imo
post 1641739503 06-27-2021, 03:35 PM
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#11
  1. Better Unborn
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I'm buckish
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post 1641739523 06-27-2021, 03:36 PM
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#12
  1. quadfecta
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Originally Posted By knightofday⏩
From what i can see it was/is completely created and controlled by elites. People are incredibly ignorant believing that "satoshi" story. Its laughable imo
No doubt. All you had to do was be a friend of someone "in the know" back when bitcoin was for sale in 2009, throw in a million (chump change for the rich) and make 10s of billions on a low risk investment, then unload the bags to the public who have been conditioned to think its the next big thing at 20-60k per coin lmao. Ironically it came out right after the 2008 stock/housing collapse, so maybe it was all some huge hedge against the inflation resulting from the FED printing fiat ad infinitum
post 1641739783 06-27-2021, 03:42 PM
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#13
  1. MediocreGains
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Do I think it's the "future of money"? No. Do I think it's a Ponzi scheme? Yes.

But I do think it'll go higher sooner than later, maybe after going back down to 25k or so. The market is a rotation machine. Right now, all that money has rotated back into equities, with indices at all-time highs. Once indices reach a point where the market makers no longer want to buy, they'll start pumping crypto again temporarily. Or I could be wrong.
Originally Posted By BetaAsPhuck⏩
I think we are in the denial stage. There are still people in the crypto space who believe that things will recover soon. (I hope they are right, but I don't think they are.)


Hopefully I've learned my lesson for the next bull market.
The crypto space is a cult. Like the gold bugs, except younger, geekier, and somehow dumber.

The extent of the cult can be seen in just how blind they were to the "euphoria." The laser eyes on Twitter, Doge to 0.75, every valid criticism of Bitcoin being answered with "Have fun staying poor," billionaires like Musk shilling it, no one taking profit because "it is the future of money and fiat is fake (nevermind that Bitcoin value is measured in fiat)... there were blatant signs one after the other.
post 1641739953 06-27-2021, 03:46 PM
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#14
  1. VegasLifter26
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very bearish
(these are my opinions i am not a licensed broker by trade)
post 1641740603 06-27-2021, 04:00 PM
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#15
  1. LinuxJon
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Originally Posted By knightofday⏩
From what i can see it was/is completely created and controlled by elites. People are incredibly ignorant believing that "satoshi" story. Its laughable imo
It wasn't created or controlled by elites. But like anything else, the smartest/wealthiest people on the planet will generally find a way to exploit it to make money. When there is a "hey this is a way to stick it to the ultra rich!" angle, you can be even more sure they are exploiting it.

That doesn't mean blockchain isn't a useful technology or that there isn't a way to make
money in crypto, but if means people need a reality check.
480s / 370b / 495d / 235 x 2 SOHP

Trump 2020
DeSantis 2024
Catbrah 2032

Misc Firearms Crew
Misc Wristwatch Crew
Will sell wife's foot pics for watch/gun money crew
Definitely not a fed crew
post 1641741033 06-27-2021, 04:07 PM
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#16
  1. Destor
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Originally Posted By LinuxJon⏩
When there is a "hey this is a way to stick it to the ultra rich!" angle, you can be even more sure they are exploiting it.
Robinhood & payment for order flow "free" trading
post 1641743023 06-27-2021, 04:46 PM
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#17
  1. johnnyboi123
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oooooooooooooh number go up
post 1641743893 06-27-2021, 05:01 PM
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#18
  1. samsbolton
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https://www.ft.com/content/8bc0e5e0-...5-acccaffaee87


binance banned in the uk


but muh decentralised, muh border free, muh unregulated..


Im not bearish, Im zeroish. Its when, not if.
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1641743993 06-27-2021, 05:02 PM
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#19
  1. roughinhouse
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looks like its about to collapse. News hasnt been good for btc either lately.
post 1641744163 06-27-2021, 05:05 PM
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#20
  1. Superkid2
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Bearish for now
Killa
post 1641744253 06-27-2021, 05:07 PM
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#21
  1. Phobaphobia
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Bearish until 2022 at the earliest
post 1641744343 06-27-2021, 05:09 PM
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#22
  1. TheGattingBall
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Based on every reply in this thread so far, I’m insanely bullish.
post 1641744573 06-27-2021, 05:13 PM
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#23
  1. Inavan
  2. (btw I"m a HVM)
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Originally Posted By MediocreGains⏩
The extent of the cult can be seen in just how blind they were to the "euphoria." The laser eyes on Twitter, Doge to 0.75, every valid criticism of Bitcoin being answered with "Have fun staying poor," billionaires like Musk shilling it, no one taking profit because "it is the future of money and fiat is fake (nevermind that Bitcoin value is measured in fiat)... there were blatant signs one after the other.
The refusal to talk about any negative shows someone is either stupid or trying to scam people.

I'm going to continue to remain impressed by people's willingness to light money on fire.
HVM + LTC + Rwdogger = AP3 Crew
post 1641766463 06-28-2021, 02:03 AM
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#24
  1. samsbolton
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Originally Posted By TheGattingBall⏩
Based on every reply in this thread so far, I’m insanely bullish.
id advise you to get a job instead
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
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