Pato99
教育

the all mighty wall street cheat sheet

KRAKEN:XBTEUR   XBT / EUR
3224 13 25
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nice
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HA! Just found this just now randomly looking for a graphic of the wallstreet bubble cheat sheet pattern image to compare to this Q1 2018 bitcoin crash. At first I thought wow it fits perfectly then I realise that was the thing I was looking for overlayed into Bitcoin last May. Looking at this and what it actually did, and reading some of the comments .... Maanannnnn you couldn't have been more wrong could you? hahaha :DDD Hope you didn't lose too much shorting Bitcoin here!! Does help put the crash today in perspective a little, like why so many people thought it could still have one more wave in it before a correction.
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@edbtv, same here
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DaanJordens ripple10usd
@ripple10usd, me too
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btc is being adopted in Japan, then Russia, then maybe more countries to follow. if tech is too shitty, other tech can be used easily as btc will have been adopted. currently i see there might be huge short term demand for btc due to adoption. so even if tech i not too good, the demand is here. i do not see doom scenario yet. but correction will happen.
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Pato99 ethbug
@ethbug, yeah mate but it will take much time to recover from this drop. Japan uses BTC as a payment option but not primary as a store of value
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ethbug Pato99
@Pato99, forecasting is very difficult especially when it is about the future ;D i wait for price action to lead the way. i know you do the same. so lets wait for it. gl
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Getting well into speculation here I know, but I don't feel we've hit the highs of belief, thrill or euphoria yet... even by quite a long shot.

I think back to 2013. I believe that entire year (Jan - Dec) is actually best looked upon as one large run-up with a bear trap in the middle, rather than 2 distinct bubbles. During the bear trap in the middle was when people from the first half of 2013 were starting to "buy more on margin" in the form of opening credit cards, taking out loans, even remortgaging their houses (yes, it actually happened more than you would believe). By the end of 2013 iirc the mainstream media was covering Bitcoin far more than it is right now. Today there are regular articles in the business / tech sections, but in Nov / Dec 2013 there were headlines on the mainstream daily news slots on TV, there was a weekly televised news report on a top outlet where a reporter told daily stories about living on Bitcoin... it was nuts. I can't see that we've reached that level of real mainstream attention yet. Bitcoin is not yet headlining the regular news.

Incidentally just before this mainstream euphoria started happening the market underwent a huge crash of roughly 50%, from which it took less than a week to recover.

Let's see!
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@BRRD, Bitcoin tech is obsolte. there is no reason to go higher yet.
This bubble is purely driven by emotion. it is baked by nothing else then chinese miners and electricity.
Other Coins will replace Bitcoin but it will always be a good pump n dump.

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BRRD Pato99
@Pato99, he he! I kinda know what you mean but I think it's too early to pull the curtains on Bitcoin. We need several more years to play out before we can judge whether or not it really is a gonner in terms of being actually useful.
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