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The Lunatic Fringe - Trading talk.

Carrion Crow

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I think we see what happens when everyone runs for the exit at the same time. It's not just BTC though. It's every stock in every stock market. It's all an illusion. When TSLA hits 800 there isn't some person sitting there cashing everyone out at 800. The first ones to sell get the print. After that if there's a run on it then you get what you get. While it's at 800 though how many are out there counting their chips thinking how rich they are?

BTC 10k by EOY. 3k end of 2022
But there is still a shit ton of $. Fed spraying it every direction.
$40% more than this time last year. Where's it going? Real estate?
 

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Waiting for the BTC day to finish, looks like it is going to hold close enough to 40K. You know, given it's BTC.

Nope... that was a bad close. Still more downside by the look of it!
 

Lancers32

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Nope... that was a bad close. Still more downside by the look of it!

More downside from 38K yeah of course but we had a 14K candle today. We might sweep the lows we might not but I have never seen anything top and drop without at least a secondary rally. Fear Greed Index now at 11. 1 is the lowest it can go.
 

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Zed

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More downside from 38K yeah of course but we had a 14K candle today. We might sweep the lows we might not but I have never seen anything top and drop without at least a secondary rally. Fear Greed Index now at 11. 1 is the lowest it can go.

It tends to challenge and often break the low when we get this sort of candle. I'd say that 30K holding is the lower probability given the weekly momentum. Monthly momentum is peaky, this could be another year long hiatus if that rolls.
 

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Jodster

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I think we see what happens when everyone runs for the exit at the same time. It's not just BTC though. It's every stock in every stock market. It's all an illusion. When TSLA hits 800 there isn't some person sitting there cashing everyone out at 800. The first ones to sell get the print. After that if there's a run on it then you get what you get. While it's at 800 though how many are out there counting their chips thinking how rich they are?

BTC 10k by EOY. 3k end of 2022
Curtman is going to lose his shit if he sees this
 

Cigarlover

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Rob from Gold silver pros on Wall Street silver channel.
BTC and all other cryptos are nothing more than fiat. Now instead of 120 fiats we have thousands in the crypto world.
Blockchain technology is really where the value.


 

Cigarlover

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But there is still a shit ton of $. Fed spraying it every direction.
$40% more than this time last year. Where's it going? Real estate?
Real estate, commodities and even gold and silver. Have to say that the action in both metals as of late has been fairly strong. Even silver dumping today is in the high 27's still. Not bad really.

For now I am just building a portfolio in metals. Miners mostly but I am looking at some royalty companies as well. Eventually the sheep will be led into this space and thats when we profit.
 

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Zed

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dpong

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Zed

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Lancers32

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BTC backup to what should be resistance @ 41500.
Sideways down would be best for the bulls. Absolute capitulation extreme fear. A good enema. New low maybe maybe not.
 

Lancers32

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No one has a crystal ball and even the best are wrong from time to time. Peter Brandt posts on Twitter says Bitcoin bottomed yesterday. Maybe maybe not. Smells like a capitulation bottom. If you are old enough to have been around in 1987 you know what I mean. Buy extreme fear every time.
 

Lancers32

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I think if we get closes under yesterday's lows in the silver miners you might want to be careful. CDE SILJ and HL.
 

Lancers32

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Brandt today.
E117quOWEAQ_63m.png
 

<SLV>

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What did tax evaders do before the advent of Bitcoin?
Offshore accounts. But those loopholes have been plugged.

Cash, but inflation has made it so that a $100 bill is the equivalent of a $2 when the FRB was created. Requires bigger suitcases, and if you are caught with cash that you can't PROVE is "legal" it will be confiscated.

I guess that leaves gold and silver coins. Expect that to be changed in the near future. Maybe GAEs will all come with embedded RFID chips and unique serial numbers.
 

<SLV>

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By the way... isn't the tax code intentionally complicated so that those with the best lobbyists, attorneys, and accountants can legally "evade" taxes?
 

Lancers32

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Offshore accounts. But those loopholes have been plugged.

Cash, but inflation has made it so that a $100 bill is the equivalent of a $2 when the FRB was created. Requires bigger suitcases, and if you are caught with cash that you can't PROVE is "legal" it will be confiscated.

I guess that leaves gold and silver coins. Expect that to be changed in the near future. Maybe GAEs will all come with embedded RFID chips and unique serial numbers.
I was being sarcastic.
 

Zed

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Sideways down would be best for the bulls. Absolute capitulation extreme fear. A good enema. New low maybe maybe not.

This has been so frothy that, if it where gold, you'd expect 10 years in the doldrums. A full year to digest this would not be unreasonable yet they expect it to be over by noon tomorrow. If it is over quickly this thing is going 'to da moon'... but...
 

Zed

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What did tax evaders do before the advent of Bitcoin?

Paid expensive accountants to create impenetrable mazes of paperwork that looked legit?

Paid their hookers in cash?

Oh, oh, oh.... I know! Bribed tax officials!
 

Lancers32

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This has been so frothy that, if it where gold, you'd expect 10 years in the doldrums. A full year to digest this would not be unreasonable yet they expect it to be over by noon tomorrow. If it is over quickly this thing is going 'to da moon'... but...
Haven't you heard? This is better than Gold. :2 thumbs up:
 

Zed

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Zed

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Zed

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