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Bitcoin: Does it have a future ?
Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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obiero wrote:
@karasinga would you recommend that someone buys this type of ponzi
obiero, yes. I am new to this courtesy of mukiri. That not withstanding allow me to give my opinion. Might be long than my usual I understand your scepticism, but remember the bigger picture: following massive rallies (speculative bubbles) almost all market instruments have at some point in the past lost half (or more) of their value in a crash. This is normal price development and is known as corrective waves in Elliott Wave terminology. Such occurrences can be found in most currency pairs, the indices (Dow, FTSE, etc) and commodities. As a trader it is our job to apply TA to extreme price movements and get out with profit if there are warning signs of a pending correction. What we see in the Bitcoin chart, in my opinion, is an asset in early development and with massive upside potential. There are some dangers, such as banning in the US, or cryptographic code cracking, but until these become issues, Bitcoin represents a good instrument to trade - and easy - the BTCUSD price action plays out like a textbook indicator lesson probably because the Bitcoin market is young and there is no central bank meddling. Also note this ponzi we are talking about has been there since january 2008 and has traded since jan 2011 starting with a price <1$.... see where we are now. Lastly, I would recommend buying this ponzi because; 1. Bitcoin has surprising predictability from a PA/TA perspective as well as textbook adherence to classic indicators. check this and this2. has good volatility (for the nimble and quick) I hope this makes sense It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Member Joined: 4/15/2008 Posts: 238
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karasinga wrote:obiero wrote:
@karasinga would you recommend that someone buys this type of ponzi
obiero, yes. I am new to this courtesy of mukiri. That not withstanding allow me to give my opinion. Might be long that my usual I understand your scepticism, but remember the bigger picture: following massive rallies (speculative bubbles) almost all market instruments have at some point in the past lost half (or more) of their value in a crash. This is normal price development and is known as corrective waves in Elliott Wave terminology. Such occurrences can be found in most currency pairs, the indices (Dow, FTSE, etc) and commodities. As a trader it is our job to apply TA to extreme price movements and get out with profit if there are warning signs of a pending correction. What we see in the Bitcoin chart, in my opinion, is an asset in early development and with massive upside potential. There are some dangers, such as banning in the US, or cryptographic code cracking, but until these become issues, Bitcoin represents a good instrument to trade - and easy - the BTCUSD price action plays out like a textbook indicator lesson probably because the Bitcoin market is young and there is no central bank meddling. Also note this ponzi we are talking about has been there since january 2008 and has traded since jan 2011 starting with a price <1$.... see where we are now. Lastly, I would recommend buying this ponzi because; 1. Bitcoin has surprising predictability from a PA perspective as well as textbook adherence to classic indicators. check this 2. has good volatility (for the nimble and quick) I hope this makes sense If money functions as a store of value & medium of exchange, can cryptocurrencies do the same. How can it be an effective store of value when it fluctuates so much. Within a month you could gain/lose 50% or more. I can't see the predictability in this. Why trade in something so volatile? Risks are too high. Until there's a crpto currency that the consumer can use with ease, best option now is just to speculative trading with crossed fingers. Xrp maybe one for the future if it stabilizes Do it today! Tomorrow is promise to no-one.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:karasinga wrote:Mukiri wrote:karasinga wrote:Spikes wrote:karasinga wrote:karasinga wrote:behold a potential reversal  if not in, wait to open position during the pullback  if in add positions during the pullback.. bulls are in town.Let me see if I can be a long term trader for the first time. disclaimer Please @Karasinga elaborate on the pullback. I want to eat this time round for every wave count. IMHO, I meant Something like this  remember anything can happen. best wishes There is talk of a bull trap. To swim or not to swim, is the question? bulls are back buddy  time to reap... enjoy the ride partner @karasinga would you recommend that someone buys this type of ponzi A wayward character has seen great potential of making money and is warming up in due time to jump in. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Spikes wrote:Mukiri wrote:There is no doubt that it is a bubble. There is no doubt that eventually something that will change status quo, will emanate from it. The question is, when will the inevitable happen? In the meantime, can I make some (good) money? Your response to naysayers is accurate and that blockchain technology is on the verge of causing major disruptions. Status quo must be greatly shaken. Even traders like us will finally stir who-is-who in their home country . Prepare for hostile takeover against companies listed at securities exchange . Banking industry ,lands ministry, health sector etc once the adoption of blockchain hits the ground current technologies and systems of doing things will be rendered obsolete.  Even Martin Luther King's dream seemed far-fetched back then. I advice risk averse clients.. Get in; double your money; get out your initial investment; let the rest ride. You won't have lost anything, if it all comes tumbling down!
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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karasinga wrote:Mukiri wrote:karasinga wrote:Spikes wrote:karasinga wrote:karasinga wrote:behold a potential reversal if not in, wait to open position during the pullback if in add positions during the pullback.. bulls are in town.Let me see if I can be a long term trader for the first time. disclaimer Please @Karasinga elaborate on the pullback. I want to eat this time round for every wave count. IMHO, I meant Something like this remember anything can happen. best wishes There is talk of a bull trap. To swim or not to swim, is the question? bulls are back buddy time to reap... enjoy the ride partner Thank you @Karasinga. Barikiwa sana. Have a look at VEN.. and WANCHAIN when it lists. Grab it with all you can. It's ICO sold out in seconds. Follow Ian Baldina on Youtube, not for the ICO recommendation, but for the public reaction of the ICOs he recommends. Where the ICOs are welcomed in seconds, the listing is more often than not, explosive. He seems to have the midas touch.
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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mufasa wrote:karasinga wrote:obiero wrote:
@karasinga would you recommend that someone buys this type of ponzi
obiero, yes. I am new to this courtesy of mukiri. That not withstanding allow me to give my opinion. Might be long that my usual I understand your scepticism, but remember the bigger picture: following massive rallies (speculative bubbles) almost all market instruments have at some point in the past lost half (or more) of their value in a crash. This is normal price development and is known as corrective waves in Elliott Wave terminology. Such occurrences can be found in most currency pairs, the indices (Dow, FTSE, etc) and commodities. As a trader it is our job to apply TA to extreme price movements and get out with profit if there are warning signs of a pending correction. What we see in the Bitcoin chart, in my opinion, is an asset in early development and with massive upside potential. There are some dangers, such as banning in the US, or cryptographic code cracking, but until these become issues, Bitcoin represents a good instrument to trade - and easy - the BTCUSD price action plays out like a textbook indicator lesson probably because the Bitcoin market is young and there is no central bank meddling. Also note this ponzi we are talking about has been there since january 2008 and has traded since jan 2011 starting with a price <1$.... see where we are now. Lastly, I would recommend buying this ponzi because; 1. Bitcoin has surprising predictability from a PA perspective as well as textbook adherence to classic indicators. check this 2. has good volatility (for the nimble and quick) I hope this makes sense If money functions as a store of value & medium of exchange, can cryptocurrencies do the same. How can it be an effective store of value when it fluctuates so much. Within a month you could gain/lose 50% or more. I can't see the predictability in this. Why trade in something so volatile? Risks are too high. Until there's a crpto currency that the consumer can use with ease, best option now is just to speculative trading with crossed fingers. Xrp maybe one for the future if it stabilizes hello mufasa, the guys who bought this thing jan 2017 when it was trading at around 900$ and sold on dec 2017 when it was trading at 19k made roughly 2000% gain... that to me sounds like an effective store of value. Personally I have high appetite for things that move- volatility. They say the greater the risk the greater the return. It is just me and you might have a different taste...look you recommend XRP secondly, if this and this and this don't show predictability, then I might have used a wrong word. I have a feeling you mean being right on every move which is another thing all together... no wonder you see Xrp as a potential option "if it stabilizes" It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Mukiri wrote:karasinga wrote:Mukiri wrote:karasinga wrote:Spikes wrote:karasinga wrote:karasinga wrote:behold a potential reversal if not in, wait to open position during the pullback if in add positions during the pullback.. bulls are in town.Let me see if I can be a long term trader for the first time. disclaimer Please @Karasinga elaborate on the pullback. I want to eat this time round for every wave count. IMHO, I meant Something like this remember anything can happen. best wishes There is talk of a bull trap. To swim or not to swim, is the question? bulls are back buddy time to reap... enjoy the ride partner Thank you @Karasinga. Barikiwa sana. Have a look at VEN.. and WANCHAIN when it lists. Grab it with all you can. It's ICO sold out in seconds. Follow Ian Baldina on Youtube, not for the ICO recommendation, but for the public reaction of the ICOs he recommends. Where the ICOs are welcomed in seconds, the listing is more often than not, explosive. He seems to have the midas touch. @Mukiri we appreciate your input keep updating us. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 14,241 Location: nairobi
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karasinga wrote:mufasa wrote:karasinga wrote:obiero wrote:
@karasinga would you recommend that someone buys this type of ponzi
obiero, yes. I am new to this courtesy of mukiri. That not withstanding allow me to give my opinion. Might be long that my usual I understand your scepticism, but remember the bigger picture: following massive rallies (speculative bubbles) almost all market instruments have at some point in the past lost half (or more) of their value in a crash. This is normal price development and is known as corrective waves in Elliott Wave terminology. Such occurrences can be found in most currency pairs, the indices (Dow, FTSE, etc) and commodities. As a trader it is our job to apply TA to extreme price movements and get out with profit if there are warning signs of a pending correction. What we see in the Bitcoin chart, in my opinion, is an asset in early development and with massive upside potential. There are some dangers, such as banning in the US, or cryptographic code cracking, but until these become issues, Bitcoin represents a good instrument to trade - and easy - the BTCUSD price action plays out like a textbook indicator lesson probably because the Bitcoin market is young and there is no central bank meddling. Also note this ponzi we are talking about has been there since january 2008 and has traded since jan 2011 starting with a price <1$.... see where we are now. Lastly, I would recommend buying this ponzi because; 1. Bitcoin has surprising predictability from a PA perspective as well as textbook adherence to classic indicators. check this 2. has good volatility (for the nimble and quick) I hope this makes sense If money functions as a store of value & medium of exchange, can cryptocurrencies do the same. How can it be an effective store of value when it fluctuates so much. Within a month you could gain/lose 50% or more. I can't see the predictability in this. Why trade in something so volatile? Risks are too high. Until there's a crpto currency that the consumer can use with ease, best option now is just to speculative trading with crossed fingers. Xrp maybe one for the future if it stabilizes hello mufasa, the guys who bought this thing jan 2017 when it was trading at around 900$ and sold on dec 2017 when it was trading at 19k made roughly 2000% gain... that to me sounds like an effective store of value. Personally I have high appetite for things that move- volatility. They say the greater the risk the greater the return. It is just me and you might have a different taste...look you recommend XRP secondly, if this and this and this don't show predictability, then I might have used a wrong word. The Greater Fool Theory is in play. This and the monkey story are very similar, one day some people will be left holding onto worthless monkeys. But @karasinga I know what you are saying and all the best with your investment activities
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:karasinga wrote:mufasa wrote:karasinga wrote:obiero wrote:
@karasinga would you recommend that someone buys this type of ponzi
obiero, yes. I am new to this courtesy of mukiri. That not withstanding allow me to give my opinion. Might be long that my usual I understand your scepticism, but remember the bigger picture: following massive rallies (speculative bubbles) almost all market instruments have at some point in the past lost half (or more) of their value in a crash. This is normal price development and is known as corrective waves in Elliott Wave terminology. Such occurrences can be found in most currency pairs, the indices (Dow, FTSE, etc) and commodities. As a trader it is our job to apply TA to extreme price movements and get out with profit if there are warning signs of a pending correction. What we see in the Bitcoin chart, in my opinion, is an asset in early development and with massive upside potential. There are some dangers, such as banning in the US, or cryptographic code cracking, but until these become issues, Bitcoin represents a good instrument to trade - and easy - the BTCUSD price action plays out like a textbook indicator lesson probably because the Bitcoin market is young and there is no central bank meddling. Also note this ponzi we are talking about has been there since january 2008 and has traded since jan 2011 starting with a price <1$.... see where we are now. Lastly, I would recommend buying this ponzi because; 1. Bitcoin has surprising predictability from a PA perspective as well as textbook adherence to classic indicators. check this 2. has good volatility (for the nimble and quick) I hope this makes sense If money functions as a store of value & medium of exchange, can cryptocurrencies do the same. How can it be an effective store of value when it fluctuates so much. Within a month you could gain/lose 50% or more. I can't see the predictability in this. Why trade in something so volatile? Risks are too high. Until there's a crpto currency that the consumer can use with ease, best option now is just to speculative trading with crossed fingers. Xrp maybe one for the future if it stabilizes hello mufasa, the guys who bought this thing jan 2017 when it was trading at around 900$ and sold on dec 2017 when it was trading at 19k made roughly 2000% gain... that to me sounds like an effective store of value. Personally I have high appetite for things that move- volatility. They say the greater the risk the greater the return. It is just me and you might have a different taste...look you recommend XRP secondly, if this and this and this don't show predictability, then I might have used a wrong word. The Greater Fool Theory is in play. This and the monkey story are very similar, one day some people will be left holding onto worthless monkeys. But @karasinga I know what you are saying and all the best with your investment activities Thanks @Obiero for recognizing this as an investment and not a pyramid scheme as you alluded early. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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obiero wrote:karasinga wrote:Mukiri wrote:karasinga wrote:Spikes wrote:karasinga wrote:karasinga wrote:behold a potential reversal if not in, wait to open position during the pullback if in add positions during the pullback.. bulls are in town.Let me see if I can be a long term trader for the first time. disclaimer Please @Karasinga elaborate on the pullback. I want to eat this time round for every wave count. IMHO, I meant Something like this remember anything can happen. best wishes There is talk of a bull trap. To swim or not to swim, is the question? bulls are back buddy time to reap... enjoy the ride partner @karasinga would you recommend that someone buys this type of ponzi another opportunity to add positions or join the train  disclaimer It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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