Here's a link to a document of a nice little response from Bitfinex that seems to make a lot of decent points to reveal a certain level of "fulled-of-shitness" of the NY Attorney General.

https://iapps.courts.state.ny.us/fbem/Do...ystem=prod

Here's a sneak preview of the table of contents:

>>>>>>
INTRODUCTION ... 1
DISCUSSION ... 2
I. The Attorney General Failed to Show that the
Martin Act’s Jurisdictional Scope Covers the Respondents ................................... 2
II. The Attorney General’s Ex Parte Application Should Have Been
Governed by the Traditional Standards for a Preliminary Injunction ..................... 3
III. The April 24, 2019 Order Cannot Be Justified
Under the Traditional Preliminary Injunction Standards ........................................ 8
A. The Attorney General Will Not Succeed on the Merits .............................. 8
B. There Is No Harm, Much Less Harm that Is Ongoing or Irreparable ....... 10
C. The Balance of the Equities Favors Bitfinex and Tether .......................... 11
IV. A Preliminary Injunction Is Not “Proper and Expedient” .................................... 12
CONCLUSION ... 13<<<<<<

JJG I was actually prepared to buy back in before the Bitfinex fiasco, but I'm starting to think you are right it doesn't matter, I'm still going to give it a couple of weeks.

(05-06-2019 11:06 AM)godfather dust Wrote:  JJG I was actually prepared to buy back in before the Bitfinex fiasco, but I'm starting to think you are right it doesn't matter, I'm still going to give it a couple of weeks.

I might talk some BIG bullish talk because overall I continue to be bullish about bitcoin, but in the end, I have no meaningful clue about short-term BTC price direction - even while I get gleeful about patterns of upwards price pressures and the continued phenomenon of bitcoin going into a kind of punishment mode towards people who either seem to put too much weight on seemingly negative news and also don't sufficiently prepare for UP.

Historically, lots of peeps have gotten left behind in their anticipation that the BTC price is going to go down or experience a meaningful correction at some point to make up for their NOT getting in.

Here's an interesting tweet asserting that 22% of institutional investors have some exposure to "digital asset," and I surely question the accuracy of that assertion.

There are a lot of other interesting points made in the tweet about the Fidelity news release.

https://twitter.com/TuurDemeester/status...7407470592

Supposedly Fidelity is introducing a full bitcoin trading desk to their investors in a few weeks from now. Fidelity is probably the biggest 401k and IRA custodian for corporate and retail clients. If they allow bitcoin trading, then wow.

Right now half the people think it's a coin flip that BTC will go to either 4200 or 6200 first. I think it's the latter is happening. Fundamentals like Fidelity are strong. From the TA perspective, the chart looks like a text book bump-and-run:

https://images.app.goo.gl/gXNBDJApQyxTxwLq9

Also the Bitcoin shorts that are currently overwhelming the longs might close and raise the price bigly:

https://bullbearanalyzer.com/lschecker/

There is a possibility that investors have learned from the past and will anticipate the halving. In this case we might see new ATH already by the end of the year, since the fundamentals are way better than 4 years ago.
Fidelity is on...
Bakkt will simply lose the train if they don't get quickly their stuff approved.

(05-06-2019 06:50 PM)[email protected] Wrote:  Right now half the people think it's a coin flip that BTC will go to either 4200 or 6200 first. I think it's the latter is happening. Fundamentals like Fidelity are strong. From the TA perspective, the chart looks like a text book bump-and-run:

https://images.app.goo.gl/gXNBDJApQyxTxwLq9

Also the Bitcoin shorts that are currently overwhelming the longs might close and raise the price bigly:

https://bullbearanalyzer.com/lschecker/

I took a risky short position that didn't pay off. I was expecting the short dip before the take off but it didn't happen.

Still relatively new to technical analysis though but for now I'm going to keep acquiring more crypto. I need to tighten up my positions a little more and figure out the best buy and sell spots.

If anyone has added resources for me to look at I'm all ears. I follow a few people on telegram and I try to get reading time/chart time in daily.

(05-07-2019 03:54 AM)fiasco360 Wrote:  

(05-06-2019 06:50 PM)[email protected] Wrote:  Right now half the people think it's a coin flip that BTC will go to either 4200 or 6200 first. I think it's the latter is happening. Fundamentals like Fidelity are strong. From the TA perspective, the chart looks like a text book bump-and-run:

https://images.app.goo.gl/gXNBDJApQyxTxwLq9

Also the Bitcoin shorts that are currently overwhelming the longs might close and raise the price bigly:

https://bullbearanalyzer.com/lschecker/

I took a risky short position that didn't pay off. I was expecting the short dip before the take off but it didn't happen.

Still relatively new to technical analysis though but for now I'm going to keep acquiring more crypto. I need to tighten up my positions a little more and figure out the best buy and sell spots.

If anyone has added resources for me to look at I'm all ears. I follow a few people on telegram and I try to get reading time/chart time in daily.

The Moon, Davincij15/mmcrypto, Alessio Rastani are the most solid people on youtube. Between these three you have everything you need to build a foundation for TA.

TheChartGuys

6k

(05-09-2019 12:18 AM)MrLemon Wrote:  6k

Well, yes. $6k seems to be nice, so far.

We are continuing to experience decent ongoing upwards price pressures, but still uncertainties regarding how long the price will keep going up.

Personally, even though we have experienced $6k as a kind of floor for quite a while, prior to mid-November, I still believe that price will likely need to go up quite a bit more, before $6k will become a solid floor again.

what are you guys thinking of holding alts during this run? I hold a pretty large stack of VET and believe its massively undervalued at the moment however it seems like btc is gaining dominance with each day.

Makes me wonder if I should exchange my vet for btc and then get in to vet after btc stabilizes ?

Here's a nice little explanation about what is going on...

Bear tears are contributing to the fueling of upwards BTC price pressures and movement...

https://www.tradingview.com/chart/BTCUSD...cord-lows/

As soon as people become generally more optimistic about BTC's price going up, then at that point, we may be ready for our 30% plus price correction.

HODLers can laugh all the way to the bank with this one.

(05-09-2019 05:16 AM)longshots Wrote:  what are you guys thinking of holding alts during this run? I hold a pretty large stack of VET and believe its massively undervalued at the moment however it seems like btc is gaining dominance with each day.

Makes me wonder if I should exchange my vet for btc and then get in to vet after btc stabilizes ?

VET will moon in the bull market. I'd just hold your position until the retail investors come in. Trying to time the market like you mentioned is extremely hard. BTC always goes first and alts after. Just make sure to sell alts when you reach your target price.

I agree, VET at the moment is ATL in satoshi terms, so it's probably the worst moment to sell at the bottom.

seems like the first time we hit 6k there was a hell of a lot more buzz around bitcoin.

(05-09-2019 04:51 PM)Jaydublin Wrote:  seems like the first time we hit 6k there was a hell of a lot more buzz around bitcoin.

Of course the BTC price dynamics were different when we first surpassed $6k in October 2017. That was two years of a bull market, and just after the BCH hardfork had largely shown as a failure.

This time, we are returning to a price that was thought to have been support in November 2018.. but failed, and there remains a bit of negativism regarding whether this price can be sustained - that is why shorts seem to outnumber longs by such a great degree - even while those shorts may well get r3ckt pretty badly - because the prevailing thoughts continue to be that a correction is due and a correction is imminent... and even though there are prevailing thoughts of DOWN, bitcoin does not necessarily follow prevailing thoughts. Let's see. Let's see.

These kinds of dynamics of ongoing r3ckt shorts do have some familiarity (and good feelings), for me... even though I have no idea for how long the r3cking of shorts will continue.

https://cointelegraph.com/news/nobel-pri...own-crypto

Somebody is upset they're losing their monopoly on money.

6.4

I was watching when bitcoin hit 20k in 2017, but I still can't quite believe when it happens again. Astounding.

upload pics

not sure how much action they took but wouldn't want to be in their shoes..

(05-10-2019 02:23 PM)Pinocchio Wrote:  
upload pics

not sure how much action they took but wouldn't want to be in their shoes..

yeah, there are several of them following the hyperwave bullshit that sounds fine in theory, but seems to be misunderstanding aspects of bitcoin.

I was looking through Leah's twitter feed, and it seems that the date of that tweet was in the mid-March time frame, yet I know that they have been continuing to spout out their hyperwave nonsense and even questioning whether we are in a genuine bullrun or manipulation.

Wedded to their nonsense and reluctant to concede that there is likely something a bit off my their confidence of such low numbers ($1,500), and even failing to recognize that the odds are becoming better than not that the bottom of $3,122 is likely "in" and likely going to be the current bottom for this cycle...

Of course, there are chances that the bottom is NOT in, but it is currently seeming to be less than 50% odds of that, currently... in other words, if the odds for up are becoming greater than the odds for down, then we are transitioning into a bull market.. does not mean that we won't get that 30% plus correction at some point, but we might witness considerably higher numbers before the inevitable 30% plus price correction hits us.

In times like this, even if we get a 30% plus correction, still feels good to be a BTC HODLer.... including that BTC's price has already surpassed 2x the mid- December 2018 bottom.., which would have been crossed at $6,244.. a couple of days ago, and currently, as I type, trading above $6,500 (just scratched into the $6,530 arena) on Bitstamp (lost bet for Leah and associates).

(05-10-2019 09:58 PM)JayJuanGee Wrote:  

(05-10-2019 02:23 PM)Pinocchio Wrote:  
upload pics

not sure how much action they took but wouldn't want to be in their shoes..

yeah, there are several of them following the hyperwave bullshit that sounds fine in theory, but seems to be misunderstanding aspects of bitcoin.

I was looking through Leah's twitter feed, and it seems that the date of that tweet was in the mid-March time frame, yet I know that they have been continuing to spout out their hyperwave nonsense and even questioning whether we are in a genuine bullrun or manipulation.

Wedded to their nonsense and reluctant to concede that there is likely something a bit off my their confidence of such low numbers ($1,500), and even failing to recognize that the odds are becoming better than not that the bottom of $3,122 is likely "in" and likely going to be the current bottom for this cycle...

Of course, there are chances that the bottom is NOT in, but it is currently seeming to be less than 50% odds of that, currently... in other words, if the odds for up are becoming greater than the odds for down, then we are transitioning into a bull market.. does not mean that we won't get that 30% plus correction at some point, but we might witness considerably higher numbers before the inevitable 30% plus price correction hits us.

In times like this, even if we get a 30% plus correction, still feels good to be a BTC HODLer.... including that BTC's price has already surpassed 2x the mid- December 2018 bottom.., which would have been crossed at $6,244.. a couple of days ago, and currently, as I type, trading above $6,500 (just scratched into the $6,530 arena) on Bitstamp (lost bet for Leah and associates).

I have no idea what is going to happen.

But in the 3 month period from sep to dec 2018 bitcoin rose from 4k to 20k.

And the same groups that pumped it to 20k in 2017 are still in charge, and have lost none of their potency.

(05-10-2019 11:15 PM)MrLemon Wrote:  

(05-10-2019 09:58 PM)JayJuanGee Wrote:  [edited out]

I have no idea what is going to happen.

But in the 3 month period from sep to dec 2018 bitcoin rose from 4k to 20k.

And the same groups that pumped it to 20k in 2017 are still in charge, and have lost none of their potency.

Sure, anything is possible, but I suspect that we will not see new ATH, again until late 2020, at the earliest.

I would not mind being wrong, but it seems that recovery takes a while to play out.

Last bull run, in late 2017, as you mentioned, took about 2 years to play out - and the $4k to $20k portion of that was at the tail end of a run that was already in progress.

In my opinion, currently, we are no where near to having the kind of momentum that was in existence in late 2017.

Well, I'm convinced. Bear market is officially over. There will be some 20-40% dips but the bitcoin train is leaving the station.