Time to predict the future...
I've been holding this one and trying to just post trades so I can keep being right, but whatever I don't care anymore.
This is pretty likely anyway.
Look at this:
2009-2010: Inflation, first people make money
2011: first bubble
2013: 2011 adopters telling everyone how they made money, new bubble.
2014: People that got in the ponzi...
We're getting close to some supports.
I don't see Bitcoin just rushing below with stopping first or bouncing.
If the log trendline and ~7600 support area doesn't hold, next level I see is 6900-7200 area which is also supported by the linear trendline (since July), here:
Going to have to pay attention if we get close to these lines.
+++ I am not a financial...
Looking at charts you can get a strong sense of price action based on the understanding of healthy market behavior. But what if the market behavior is fundamentally unhealthy? No amount of technical analysis would have predicted that Enron would have gone to zero. And this is why it's critically important to understand the presence of systemic risks, that is,...
Panic and doom are transformed overnight by relief, hope and greed - in what is widely known as the biggest Ponzi scheme in the history of the world. Google and YouTube are your friends.
This is not a prediction - it is an expectation based on hard facts that are out there.
Yes - the markets are always right as I hold no power over the future. But there is...
The markets are expected by me to go wild over the next few days/weeks. Expectation is not prediction in my philosophy. . There is likely to be even greater uncertainty about the economies of the world. When there is deep uncertainty, people reach for tangible ways of protecting their store.
There is considerable risk that the global Ponzi scheme may come...
Based on the literal description of Ponzi scheme... you can basically say that any IPO is a ponzi.
The first in, get the biggest profits because they sell to the last in, that are the bagholders.
Those millionaires and billionaires sure do thank you, the commoners, from the bottom of their greedy black hearts!
'Murica
