Double Bottom pattern painfully obvious

Put 10k gbp into xlm, lets go

is it really ganna happen tho

Isnt TA just wishful thinking?

Confirmed 3k price target thanks

the US is getting involved via audits. its over for crypto...still can trade the ups and downs if youre nimble, but the lights are dimming on this party and the beer done run out already

TA on a weekly/daily chart is a 51% chance at the very least as it constitutes when a commodity is over bought and oversold. No events are even close to Gox-worthy to throw BTC out of these patterns atm. Even tether is just 2 Billion out of 500 Billion marketcap

TA on an hourly chart is as brain-dead as astrology and you should filter any thread that tries it

Not all TA.
Americans Sold off.
Asians are selling off.
If Euros continue the sell off trend when they wake up then we're in Capitulation.

HERE WE GO BOYS

THE WHALES HAVE SPOKEN, IT IS TIME FOR THE TREND REVERSAL

return to meme at 8k with a bullrun to 100k by EOY

>11 month bull run

wat the FUG?

We left Denial behind back in December, you need to catch up.

might want to say 3-4k and maybe 5-6k eoy

I fucking love these charts. Literally a retard saying "Hey this chart kind of looks like a big scary lion!!!" and then posting "LION PATTERN ACHIEVED, TO THE MOON!"

It depends.
All time data would put the mean at about 1k
The last 6 months would put it around 3-4k
Given that BTC has reached a point of uselessness due to absurd energy consumption I'm more inclined to go with the 1k. People will still trade it as a novelty until the miners move on to something else.

(My guess is they'll ruin Eth next, or try to, but the government regulators are going to go apeshit on crypto once the BTC saga hits it's final climax).

you might be right... desu in the absolute long term as a useable currency btc is dead.. not much of a reason to throw perfectly good money at it when many alts offer all of what btc can and more.

this is crypto, crazier shit has happened

Itll either rebound at 8k or die in the next 24 hrs letsgo

Good, it only needs to get below 7k to morally vindicate my decision to dump my 400 BTC into BCH last November

Nah, BTC will spiral to death not plunge. To sell off 10,000BTC there need to be 10,000BTC worth of idiots willing to buy. So the market will keep cycling as it has been, but the cycles will get weaker (because of the money the exchanges rake into their own pockets).
In the end there will be one winner...and it will be the house. Like any other casino game.

The jews?

I don't see it cycling above 10k anymore. There have been a few 10k pumps today, none of them reverse the trend for more than an hour.

The psychological impact of it no longer being 10k is bigger than tether news.

Ironically this is worse for Bitcoin in the long run. If the spiral downward is prolonged, the devaluing is more solidified.

If Bitcoin hit $1000 today, there would be a massive influx of people wanting to buy, if it spirals down to $1000 in a year, not so much.

It's hard to say. You can never under-estimate the potential for human stupidity.

If I just ignore my alts for like 6 months will I come back happy or distressed
I'm holding BAT and a little ZRX

you don't call a double bottom until the first corrective dip after the breakout is achieved

assuming btc was invented by the agencies and they hold 1/4. could they deliberately crash it, because it got too powerful ?

This
The daily chart looks like fucking shit

you realize when you use this meme chart it shows how absolutely retarded you are?

this chart has an almost religious following. its like christians trying to tie current events into revelations and saying i told you so

>Buys XLM
Congrats on being in the 1% of Veeky Forums that has brains

>It got too powerful
Somebody is still stuck in the delusion phase.
The run up to 19k had very little volumetric support. It wasn't the result of people spending 19K for 1 btc. It was the result of stupids buying 0.01BTC for 190 dollars. Then all the whales decided to cash out your lunch money.

>being this delusional

Literally CPR right now. Soon to be life support.

The money people put into the market at 19K isn't there anymore. It bought a Lambo for somebody else already. your Lambo will never exist.
You will never get your money back.
You should have done your research.
You know how I know you didn't do your research? Because you bought in to the retarded grift in the first place.

This but unironically

I feel like I've seen this chart before

LOL

Like literally anybody on this planet can come to Veeky Forums and post fake blockfolios, and make fake claims about the legitimacy of an investment product. They just robbed you by playing your distrust against institutional distrust against you.
But you should have known better. You talk about greed and disparity in the world meanwhile you were expecting to get rich sitting in your underwear trading your lunch money for digital coins that somebody else footed a huge power bill to manifest contributing absolutely nothing to society.
The entire scheme was predicated on moral and logical inconsistency from the get-go.

>still 20x up from initial investment
stay SALTY nocoiner LOL

this is good for bitcoin

Thanks just bought 100K

i love these threads lmao. the fucking desperation.

They need to be retards to avoid killing themselves. That's my theory. They tell themselves if they believe hard enough God will tear the space-time continuum asunder to change reality so that they didn't get fleeced. It gets worse than this though. Eventually it will evolve into conspiracy theories.

I should warn that the conspiracy theories aren't far off. They've nearly finished assembling their cult lexicon.
>nocoiners
>FUDers
etc.

>Being this fucking stupid

Or I've just been around long enough to call this all a case of deja vu

P.s. You are a part of that case of deja vu

Dude, just because people make retarded posts on Veeky Forums doesn't mean that TA is retarded. The people on Veeky Forums are retarded

Bulls are overbought from buying in during the last couple failed breakouts, so they have no money to push the price up. Posting on forums is pretty much the only thing they can do.

Nice LARP faggot, go do something better with your time like smelling candles or fucking your cat

perfect

Your anger changes nothing. It only makes your situation worse. If you were to fight the cognitive dissonance you could cut your losses and move on before it's too late to get out. But it's good that you don't have the mental capacity to do so. I am here because you are a proxy for my anger towards a loved one who fell for a similar scheme many years ago. I want to watch you suffer. I want to laugh at you every step of the way and call you out every time you get all pissy about it. Thank you. You have no idea how much this means to me.

So Jesus really did rise from his grave. Sips tea*

You really are a LARPing cat fucker

I wish I was. But you have no idea being a retard that can't follow the most basic pre-school idiom such as
>"IF IT SEEMS TOO GOOD TO BE TRUE THEN IT PROBABLY ISN'T"
can negatively impact the lives of people around you. You're a bad person. And I wish the worst upon you.

> probably has a couple grand invest in crypto if that

dont speak about things you dont know little boy

Damn you're right. You figured it all out. All these companies partnering with digital coins that don't mean shit. Oh my god. IM SELLING IT ALL. AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

It does look very familiar.

*lights your strawman on fire*
Nothin personnel kid.

>meme lines

>Personnel
Go get your GED kid.

Partnership's are meaningless startup PR.

...

You're right. HAHA. Blockchain is fucking useless.

So you agree with OP then, since we got these downtrends a lot of times and bitcoin obviously just go back up due to limited supply.

>limited supply
The supply is inextricably and inversely linked to it's price. If somebody wants to invest 100 dollars in shitcoin, and the price doubles, they just buy half as much because you can divide it into whatever micro-denomination you want. Supply is essentially unlimited. A gram of weed currently costs 0.001 BTC. If the price doubles it costs 0.0005BTC. Supply is essentially unlimited.

By the way, i have no cash left to buy the dip, does anyone have experience with marging trading ?
You can't get liquidated until -50% value, so longing 50% of your stack should enable you to be safe and just needing for it to go up, right ?
As long as you can pay the maintenance fee, is there any catch ?

It unironically is

>no cash left to follow anonymous advice on a vietnamese basket weaving forum.
This could be the beginning of your recovery desu.

it's over dumb cucks
Man up, admit it
and hold

it's over for now, doesn't mean it aint coming back

Yeah yeah we may not have touched the bottom, who gives a fuck i'm in for the long haul.

Ah no, forgot that using bitcoin collateral to go long is riskier since the value of the collateral goes down with the price, obviously.
Mmmh, this means that shorting bitcoin using bitcoins as collateral is pretty much foolsproof.

Nah fuck that shit, i won't touch margin trading, exploiting daily chart is much safer.

I mean your personal recovery. Not financial recovery.

BTC is a great coin, transactions got much cheaper and faster lately. Also if BTC is so weak like you say I don't see any other coin moon.

>great coin
That 500 dollars worth of transfers (made by a botnet to manipulate the spot price higher before the big selloff earlier) will take 1000 dollars worth of electricity to process.

Look at BTC chart at 2014. Its the same.
It will form a cup until 2021- 2020.

HODL up to 4 years if you bought at 10k and above

It's not that it's not great. It was the supply coin that started the whole thing. Now it dies, but who gets the keys? ETH? XLM? NEO? XRP? XMR?

nigger aint no one got time for 4 years
If this shit isn't recovering in a month or two i'm out

Also there are so many newfags in the game that theres a possibility it will just get pumped again in a few months

You just showed your ass. The coins being traded there are not being mined in that transaction.

They have to be transferred from one wallet to the next eventually. The cost is just being passed onto the future. It's retarded.

>Muh electricity
Lol people burn million times more electricity every day by watching their dumb shows and sports on their big screen TVs and getting paid n debts by swiping credit cards because they want to buy useless shit.

You're literally retarded if you think such a system is sustainable. It's the same kind of exponential growth ponzi that the "fiat system" relies on. We'll just keep sending the bill to the future right?
You fucking dumb fucking retarded fuck.

>people bur millions times more electricity
Found the child who doesn't pay their own fucking power bill.
it takes 300kWh to process a fucking transaction. That's as much as an average household consumes in a fucking week. You would know this if you weren't a child and actually had to pay utility bills.

Non of them.

Return to the mean will be at 7-8k, that may not be the literal mathematical "mean" but it's basically what most people would psychologically think of as the mean (keep in mind most people in crypto right now got in at he end of 2017, they've never even heard of BTC being less than 5k). Also every TA trader is waiting with buy orders at 7-8k.

That depends on a lot of factors that you are trying to make us all ignore with your bullshit. You have been exposed now. Sorry you missed out. Stop trying to shit on our fun.

McDonalds serves 68 million people per day. Assuming that there is an average of 2 people on each order that's 34 million transactions a day.
In order for that to be processed by bitcoin it would take 10,200kWh of electricity
That's absurd. That's beyond fucking absurd
You literally have to be the biggest fucking retard on the planet to actually think such a future could ever come about. You would need to harness the energy of the entire universe at once, for no reason other than to process the transactions of people buying fucking happy meals.

Like the scale we are talking about for an all crypto future... Even something like fucking Eth "oh it's 100x as efficient"
On the scale we're talking about that's still fucking absurd. It just can't fucking happen. It's retarded. It takes 0.000001 calories of muscle energy to hand somebody a 5 dollar bill. It's negligible.

Any gain in accountability you see with crypto is immediately lost in the cost of operating the system. It was doomed from the get-go. It's the fucking solar roadways of economics.

It's obvious you're talking about something you don't understand and regurgitating numbers you pulled off a google search. Large power plants produce power on orders of magnitude of Gigawatts. You probably don't even know the difference between a kWh and a kW

For BTC to succeed long term LN will basically have to succeed. And the normies don't care about the politics/philosophy (whether it's Satoshi's vision, means BTC is controlled by banks, etc.) Normies bought XRP of all things, so we know they don't care about that stuff.

So when it comes purely to the functional side of things, if LN fails, BTC will fail for the energy usage reasons you've stated, if LN succeeds, BTC will only grow much bigger and trash 90% of alts along the way.

oops I meant 10,200 million kWh
So giggle flippa billo millo gigga jigga watts.

90% of the people on Veeky Forums are holding XLM for a reason you dipshit.