its the number of BTC that is long and short.

Is that the amount of BTC that has actually been wagered (placed)? Do we know the long/short BTC USD price that has been set?

sorry total noob here just trying to learn

Analysts cannot explain after the fact, it's amazing to me that any of them dare to pretend they can predict anything.

I ve yet to read something explaining what triggered the current crash but people think they can predict the bottom while having no clue why it's dipping.

Bottoms and tops are only apparent in hindsight. No support or resistance level withstands sustained pressure. Follow the trend and momentum, it's the best you can do without a crystal ball.

Analysts don't get paid to say "I don't know". You just make **** up, nobody up the chain knows the difference anyway. If you're in the media, you just bash it, all your bosses will just nod head in agreement.

Wish I'd bought futures in the salt market.

Nobody more salty than the trolls who materialize in this thread after years of sitting on the sidelines watching the rest of us get rich.

That chart is obviously fake.

I've been loling at Bitcoins for some time now, but congrats on getting rich. In all seriousness, the guys who bought early and cashed out at 17k+ are the real heroes.

The Venezuelan Petro is a great example of state sponsored currencies because the currency and the country it comes from are both kinda average. The petro doesn't have wild swings that some crazy currencies have, but it isn't as steady as say the USD. Venezuela isn't some crazy country where a government mistreats its people, but it also isn't super boring like a Germany.

You are doing great work ITT allin. Keep it up.

I'm a little fuzzy this morning, can someone help me out here. Is this some kind of ironic satire or something?

It's steady for now. Countries are very rich in wealth. So was Venezuela decades ago.

But look at all the debt levels of all the major governments. Record high numbers and we are not even in a world war period. The welfare programs keep growing in size. Government unfunded pension plan problems. The unfunded liabilities not shown in the numbers are massive and keep growing as well. I read something about the USA having $60-120 trillion in unfunded liabilities by 2050-2080.

The only way out is for governments is to inflate it's way out of it or having negative interest rates on future debt. Which only really could work if they could control the money supply and not have a parallel financial system out there that you can stash your money in.

But their heroism was only possible because of the foot soldiers who bought in at 10k+. Never forget

The perma bear trolls love to come out during a big dip.

Bitcoin back up to 9k. Lowest I saw it was 8300 so the 8800 was pretty damn close.

bitcoin is only up something like 670% in one year, People should gloat more.

If a stable crypto coin is created nobody cares. The whole point is to get rich. This was never about utility, it’s about exponential gains.

It went much lower than 8300

Except when it crashes, then we learn that it was really all about saving children in Venezuela and not something so gauche as the dollar value.

Swongs itt

I saw it in the 7500s early morning PST - not fun. Then after a bit, a pretty instantaneous rip up 500 to 8k.

Increasing debt levels and negative interest rates aren't the only option and aren't even the best options.

The US may be in the process of bending the curve on the growing gov't debt. Policies that grow the economy will help bend the curve as will reducing the size and scope of government.

It is extremely hard for a politician to stand up and say we need to reduce the pension promises we have made and stop making future promises (no more pensions for new employees) as is saying that we need to reduce welfare and "fix" social security again like we did 20ish years ago (pushing back the age for full SS & taxing more), but these are things that need to be done and they look more likely to be done now than they have at any point.

I feel I have no clue whatsoever to mess around and trade these coins in the dips when you got information like this. Interesting, so that huge rip up from $7500 was lots of shorts closing their positions it seems like running into lots of big buy orders at $7500 down? I also feel this recovery was a bit too easy. probably will retest that $7500 number

I'm not really a perma-bear, but I could see where you'd get that.

In my defense for trolling I have to say that using Venezuelan currency as an example of government backed currencies and how they aren't as good as cryptos is like arguing that horses are better than cars for transportation today because my buddy Phillip has a '67 Chevy that he doesn't take care of and it breaks down every month.