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Bitcoin just interacted with its old all-time high

 
President Erect
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11/30/2020 10:54 AM
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Bitcoin just interacted with its old all-time high
Just in case you didn't yet look at the chart today. It bounced a little bit, it did not yet break it. But to me it looks overall promising.
Anonymous Coward
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11/30/2020 11:00 AM
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Re: Bitcoin just interacted with its old all-time high
You obviously don't understand the importance of a double top.
President Erect  (OP)

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11/30/2020 11:03 AM
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Re: Bitcoin just interacted with its old all-time high
You obviously don't understand the importance of a double top.
 Quoting: Anonymous Coward 79481831


This is not a double top. I have been trading for 15+ years and this market feels super bullish. It radiates pure bullishness if I have ever felt that radiating from a price chart right into my face, this is how it feels. Expect a break of the ath before the year is over.
Anonymous Coward
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11/30/2020 11:08 AM
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Re: Bitcoin just interacted with its old all-time high
You obviously don't understand the importance of a double top.
 Quoting: Anonymous Coward 79481831


This is not a double top. I have been trading for 15+ years and this market feels super bullish. It radiates pure bullishness if I have ever felt that radiating from a price chart right into my face, this is how it feels. Expect a break of the ath before the year is over.
 Quoting: President Erect


Week is over

GLP used to be a smart forum, now they argue over dinsaraur politicians
Anonymous Coward
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11/30/2020 11:09 AM
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Re: Bitcoin just interacted with its old all-time high
Do the moneylenders (bit coin miners) exit the temple at games end or are we going to have to bank with a church?
Anonymous Coward
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11/30/2020 11:15 AM
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Re: Bitcoin just interacted with its old all-time high
What was the high?
President Erect  (OP)

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11/30/2020 11:16 AM
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Re: Bitcoin just interacted with its old all-time high
What was the high?
 Quoting: Anonymous Coward 78356753


19891 on Bitfinex

I am looking at Bitfinex charts via TradingView.

Last Edited by President Erect on 11/30/2020 11:17 AM
Anonymous Coward
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11/30/2020 11:17 AM
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Re: Bitcoin just interacted with its old all-time high
I see us over 20K this week
Anonymous Coward
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11/30/2020 11:21 AM
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Re: Bitcoin just interacted with its old all-time high
Electricity goes out from an EMP and the system could be abandoned where everyone has nothing.

But then again, people have been trusting paper dollars with nothing backing them.
Anonymous Coward
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11/30/2020 11:22 AM
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Re: Bitcoin just interacted with its old all-time high
Astonishing!
President Erect  (OP)

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11/30/2020 11:24 AM
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Re: Bitcoin just interacted with its old all-time high
Bitcoin is an autonomous distributed planetwide artificial organism that has made a contract with mankind: It exploits our greed, it gives us money and in return we feed it with ever growing computational power which it needs to exist and grow even more powerful.

It has become indestructible already. And it is continuing to grow and become even more powerful.

Last Edited by President Erect on 11/30/2020 11:25 AM
Anonymous Coward
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11/30/2020 11:25 AM
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Re: Bitcoin just interacted with its old all-time high
Electricity goes out from an EMP and the system could be abandoned where everyone has nothing.

But then again, people have been trusting paper dollars with nothing backing them.
 Quoting: Anonymous Coward 76799292


That is where Ledger cold vault storage comes in very handy. Any electrical problems you still have your digital stash. It's the equivalent of stuffing your Bitcoin or XLP under the mattress.
Mason Firefly

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11/30/2020 11:27 AM

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Re: Bitcoin just interacted with its old all-time high
Just in case you didn't yet look at the chart today. It bounced a little bit, it did not yet break it. But to me it looks overall promising.
 Quoting: President Erect


It came very close, but did not pass.

The All Time High was $20,087 on December 17th, 2017. This is according to Coin Paparika or 1,079 days ago.

[link to coinpaprika.com (secure)]
Beanie Baby

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11/30/2020 11:29 AM
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Re: Bitcoin just interacted with its old all-time high
Massive sell orders at 20k are likely preventing it from getting there at the moment.
President Erect  (OP)

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11/30/2020 11:30 AM
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Re: Bitcoin just interacted with its old all-time high
Electricity goes out from an EMP and the system could be abandoned where everyone has nothing.
 Quoting: Anonymous Coward 76799292


This would need to be a planetwide EMP that destroys every hdd with a copy of the blockchain in existence. If even one of them survives it will not be dead.

And the individual wallets themselves can be offline. Mine is written down on a piece of paper, hidden behind the wall of a house whose location I will not disclose.
LostRabbit

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11/30/2020 11:33 AM
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Re: Bitcoin just interacted with its old all-time high
Electricity goes out from an EMP and the system could be abandoned where everyone has nothing.
 Quoting: Anonymous Coward 76799292


This would need to be a planetwide EMP that destroys every hdd with a copy of the blockchain in existence. If even one of them survives it will not be dead.

And the individual wallets themselves can be offline. Mine is written down on a piece of paper, hidden behind the wall of a house whose location I will not disclose.
 Quoting: President Erect


Not even that:

The Canada-based blockchain company announced in May that it had upgraded its satellite network that carries the Bitcoin blockchain for the first time since 2018.

The Bitcoin blockchain is even backupped in space.
Jutlander

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11/30/2020 11:34 AM
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Re: Bitcoin just interacted with its old all-time high
time to buy in with my stimulus check!???
5a
President Erect  (OP)

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11/30/2020 11:36 AM
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Re: Bitcoin just interacted with its old all-time high
time to buy in with my stimulus check!???
5a
 Quoting: Jutlander


Golden rule #1 Never buy into resistance.

Golden rule #2 Buy low, sell high.
Anonymous Coward
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11/30/2020 11:37 AM
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Re: Bitcoin just interacted with its old all-time high
You obviously don't understand the importance of a double top.
 Quoting: Anonymous Coward 79481831


This is not a double top. I have been trading for 15+ years and this market feels super bullish. It radiates pure bullishness if I have ever felt that radiating from a price chart right into my face, this is how it feels. Expect a break of the ath before the year is over.
 Quoting: President Erect


It is extremely obvious we are about to see an INSANE bullrun for Alt coins. INSANE.

BTC will meanwhile consolidate around its ATH. When Alts peak it is time for BTC to go on its parabolic bullrun.
Anonymous Coward
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11/30/2020 11:38 AM
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Re: Bitcoin just interacted with its old all-time high
Bitcoin is an autonomous distributed planetwide artificial organism that has made a contract with mankind: It exploits our greed, it gives us money and in return we feed it with ever growing computational power which it needs to exist and grow even more powerful.

It has become indestructible already. And it is continuing to grow and become even more powerful.
 Quoting: President Erect


The idea is good but does it have a future, nah
Anonymous Coward
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11/30/2020 11:40 AM
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Re: Bitcoin just interacted with its old all-time high
You obviously don't understand the importance of a double top.
 Quoting: Anonymous Coward 79481831


This is not a double top. I have been trading for 15+ years and this market feels super bullish. It radiates pure bullishness if I have ever felt that radiating from a price chart right into my face, this is how it feels. Expect a break of the ath before the year is over.
 Quoting: President Erect


Then you must suck as a trader.
Any trader that talks about "feels" is not a technical analyst. And it IS a double top. Idiot.

[link to www.investopedia.com (secure)]
President Elect LJSModerator
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11/30/2020 11:41 AM

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Re: Bitcoin just interacted with its old all-time high
Good chance we just made a double top.

Be careful.

On cryptos, I am currently 50% in/50% in cash. Hedging either way.

I hope we moon, but really think we are primed for a pullback in the $14K-$15K range. Then another attempt a at a move up to maybe $18, then a pull back to the CME gap at around $8K, before a sustained move to new highs this summer.

Then again, shit going on in the world could impact this in any direction.

Just be cautious not to FOMO and get slammed.
Fate whispers to the warrior

"You cannot withstand the storm"

and the warrior whispers back

"I am the storm"

INTJ:
Independent, original, analytical, and determined. Have an exceptional ability to turn theories into solid plans of action. Highly value knowledge, competence, and structure. Driven to derive meaning from their visions. Long-range thinkers. Have very high standards for their performance, and the performance of others. Natural leaders, but will follow if they trust existing leaders.

Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Follow. But! Follow only if ye be men of valor! For the entrance to this cave is guarded by a creature so foul, so cruel, that no man yet has fought with it... and lived! BONES of full fifty men lie *strewn* about its lair! So! Brave knights! If you do doubt your courage or your strength, come no further, for death awaits you all with nasty, big, pointy teeth...

KillerBunnyMask
President Erect  (OP)

User ID: 79700061
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11/30/2020 11:41 AM
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Re: Bitcoin just interacted with its old all-time high
Bitcoin is an autonomous distributed planetwide artificial organism that has made a contract with mankind: It exploits our greed, it gives us money and in return we feed it with ever growing computational power which it needs to exist and grow even more powerful.

It has become indestructible already. And it is continuing to grow and become even more powerful.
 Quoting: President Erect


The idea is good but does it have a future, nah
 Quoting: Anonymous Coward 78286955


How are you going to kill this beast? It has become so powerful already and it seems to be the perfect symbiont. You would need to change the desires and needs of mankind itself to break this symbiosis.
President Elect LJSModerator
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11/30/2020 11:42 AM

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Re: Bitcoin just interacted with its old all-time high
What was the high?
 Quoting: Anonymous Coward 78356753


19891 on Bitfinex

I am looking at Bitfinex charts via TradingView.
 Quoting: President Erect


$19,873.23 on Coinbase
Fate whispers to the warrior

"You cannot withstand the storm"

and the warrior whispers back

"I am the storm"

INTJ:
Independent, original, analytical, and determined. Have an exceptional ability to turn theories into solid plans of action. Highly value knowledge, competence, and structure. Driven to derive meaning from their visions. Long-range thinkers. Have very high standards for their performance, and the performance of others. Natural leaders, but will follow if they trust existing leaders.

Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Follow. But! Follow only if ye be men of valor! For the entrance to this cave is guarded by a creature so foul, so cruel, that no man yet has fought with it... and lived! BONES of full fifty men lie *strewn* about its lair! So! Brave knights! If you do doubt your courage or your strength, come no further, for death awaits you all with nasty, big, pointy teeth...

KillerBunnyMask
Anonymous Coward
User ID: 79643003
Germany
11/30/2020 11:43 AM
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Re: Bitcoin just interacted with its old all-time high
Good chance we just made a double top.

Be careful.

On cryptos, I am currently 50% in/50% in cash. Hedging either way.

I hope we moon, but really think we are primed for a pullback in the $14K-$15K range. Then another attempt a at a move up to maybe $18, then a pull back to the CME gap at around $8K, before a sustained move to new highs this summer.

Then again, shit going on in the world could impact this in any direction.

Just be cautious not to FOMO and get slammed.
 Quoting: President Elect LJS


double top.... ffs

monthly close will be the highest in bitcoins history today
Anonymous Coward
User ID: 78286955
11/30/2020 11:44 AM
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Re: Bitcoin just interacted with its old all-time high
Bitcoin is an autonomous distributed planetwide artificial organism that has made a contract with mankind: It exploits our greed, it gives us money and in return we feed it with ever growing computational power which it needs to exist and grow even more powerful.

It has become indestructible already. And it is continuing to grow and become even more powerful.
 Quoting: President Erect


The idea is good but does it have a future, nah
 Quoting: Anonymous Coward 78286955


How are you going to kill this beast? It has become so powerful already and it seems to be the perfect symbiont. You would need to change the desires and needs of mankind itself to break this symbiosis.
 Quoting: President Erect


I don't understand what you mean, no one is really using it except for a few whales who only ever hold it, so is it useful, nah
President Erect  (OP)

User ID: 79700061
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11/30/2020 11:45 AM
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Re: Bitcoin just interacted with its old all-time high
Then you must suck as a trader.
Any trader that talks about "feels" is not a technical analyst. And it IS a double top. Idiot.
 Quoting: Anonymous Coward 79481831


Gooood, goood, let the frustration flow through you.

And now go read some more investopedia, meanwhile I am counting my wealth.
President Elect LJSModerator
Forum Administrator

11/30/2020 11:46 AM

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Re: Bitcoin just interacted with its old all-time high
Good chance we just made a double top.

Be careful.

On cryptos, I am currently 50% in/50% in cash. Hedging either way.

I hope we moon, but really think we are primed for a pullback in the $14K-$15K range. Then another attempt a at a move up to maybe $18, then a pull back to the CME gap at around $8K, before a sustained move to new highs this summer.

Then again, shit going on in the world could impact this in any direction.

Just be cautious not to FOMO and get slammed.
 Quoting: President Elect LJS


double top.... ffs

monthly close will be the highest in bitcoins history today
 Quoting: Anonymous Coward 79643003


That would be nice.

I am primed to make bank either way. Double top and drop (buy back lower), or to the moon.
Fate whispers to the warrior

"You cannot withstand the storm"

and the warrior whispers back

"I am the storm"

INTJ:
Independent, original, analytical, and determined. Have an exceptional ability to turn theories into solid plans of action. Highly value knowledge, competence, and structure. Driven to derive meaning from their visions. Long-range thinkers. Have very high standards for their performance, and the performance of others. Natural leaders, but will follow if they trust existing leaders.

Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Follow. But! Follow only if ye be men of valor! For the entrance to this cave is guarded by a creature so foul, so cruel, that no man yet has fought with it... and lived! BONES of full fifty men lie *strewn* about its lair! So! Brave knights! If you do doubt your courage or your strength, come no further, for death awaits you all with nasty, big, pointy teeth...

KillerBunnyMask
Anonymous Coward
User ID: 79643003
Germany
11/30/2020 11:49 AM
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Re: Bitcoin just interacted with its old all-time high
Good chance we just made a double top.

Be careful.

On cryptos, I am currently 50% in/50% in cash. Hedging either way.

I hope we moon, but really think we are primed for a pullback in the $14K-$15K range. Then another attempt a at a move up to maybe $18, then a pull back to the CME gap at around $8K, before a sustained move to new highs this summer.

Then again, shit going on in the world could impact this in any direction.

Just be cautious not to FOMO and get slammed.
 Quoting: President Elect LJS


double top.... ffs

monthly close will be the highest in bitcoins history today
 Quoting: Anonymous Coward 79643003


That would be nice.

I am primed to make bank either way. Double top and drop (buy back lower), or to the moon.
 Quoting: President Elect LJS


highest monthly close was $13900 in Dec 17, so we already got that in the bag.
President Erect  (OP)

User ID: 79700061
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11/30/2020 11:49 AM
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Re: Bitcoin just interacted with its old all-time high
Bitcoin is an autonomous distributed planetwide artificial organism that has made a contract with mankind: It exploits our greed, it gives us money and in return we feed it with ever growing computational power which it needs to exist and grow even more powerful.

It has become indestructible already. And it is continuing to grow and become even more powerful.
 Quoting: President Erect


The idea is good but does it have a future, nah
 Quoting: Anonymous Coward 78286955


How are you going to kill this beast? It has become so powerful already and it seems to be the perfect symbiont. You would need to change the desires and needs of mankind itself to break this symbiosis.
 Quoting: President Erect


I don't understand what you mean, no one is really using it except for a few whales who only ever hold it, so is it useful, nah
 Quoting: Anonymous Coward 78286955


Obviously it attracts enough people to keep eating greed and thereby growing further. Nothing has changed this during the past 10 years, why would it change now?
Anonymous Coward
User ID: 78847070
Costa Rica
11/30/2020 11:50 AM
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Re: Bitcoin just interacted with its old all-time high
Electricity goes out from an EMP and the system could be abandoned where everyone has nothing.

But then again, people have been trusting paper dollars with nothing backing them.
 Quoting: Anonymous Coward 76799292


Because people aren't smart enough to have already built massive data farms underground in Faraday cages...

Or maybe a comet will get them!

Maybe remind them that an asteroid could hit the earth
or the Sun might explode from an extraterrestrial attack.

You're correct. These guys just don't get the doom coming to attack them. rockon





GLP