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12887960 No.12887960 [Reply] [Original]

ok fag i will give you one reason it will hold. now give me one reason it wont.

>> No.12887983

>>12887960
Nah fag

>> No.12887986

>>12887960
Mt gox coins mass release and sale

>> No.12887998

>>12887960
niggers

>> No.12887999

>>12887960
https://en.wikipedia.org/wiki/Greater_fool_theory

>> No.12888369

>>12887960

Bitcoin has only existed during a macro bullrun. It's never existed during a recession.

>> No.12889102

>>12887960
Falling for FUD at this point is complete retardation. Just hodl a little longer anon.

>> No.12889610

>>12887960
done
>>12887239

>> No.12889626

>>12887960

https://www.tradingview.com/chart/BLX/fhfPgg9P-Some-Predictions-Science-Art-of-Bitcoin-Weekly-Moving-Averages/

>> No.12889729

>>12887960
so the bottom is in?

>> No.12889734

>>12887960
I can derive from the look of that log graph that we have a LONG sideways accumulation period (longer than last one judging by the geometry) followed by a "moon" of lesser magnitude than previous cycles (chart is flattening over time)

>> No.12889768

>>12887960
There is no physical meaning behind any of these moving averages, they are literally just filters for noise. If there was a meaning behind them, someone would be able to prove that the price of bitcoin cannot fall below the n week EMA. Why have we not been shown this? Because it doesn't exist. That's why once the 100 day MA falls, traders then look at the 200 day ma, and then if that falls, the 250 and so on. Sometimes it will break a moving average but pop back up and then it is "successfully defended" which is retarded. Again, think about what a moving average is. Its an attempt to extract a signal from the noise. Let's even pretend that its perfect and that you have the "true" price of bitcoin extracted from the 50 week EMA or whatever. Then what? You Dont have predictive power anyway since your moving average depends on present and past values (causal filter).

>> No.12889812

>>12889768
Ofc theres no physical meaning, its a speculative market.
The numbers are all the meaning, there simply isnt anything else.

>> No.12889851

>>12889812
Op asked for a reason why his ma wouldn't hold so I gave him one

>> No.12889863

>>12889851
You didnt give a reason why specifically 200 wouldnt hold.

>> No.12890572

>>12887986
>mt gox has 175k left
>circulating supply of btc is 17 million

oh ok so the supply of bitcoin will increase by 1%

oh wow it's nothing

>> No.12890623

>>12887960
more like geometric meme. you just put another line next to the other line and called it a day

>> No.12891307

>>12887986
they arent being released anytime soon if at all in the next year srs

AND the people who are getting money back can only get back 20% of their initial USD value back in BTC which means instead of 175k, try like 35k BTC, which will be released god knows when