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RE: Bitcoin (BTC) Mid-Day Update: Weekly Degree of Trend Perspective

in #bitcoin7 years ago

Haejin, sounds like you are embracing the bear market case, unfortunately, which does seem like a likelihood now (what about all our great alts!!?)

Still, when you say 8+ year bull run - are you saying the whole of bitcoin is due for a correction, or did you mean to say 8 months?

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Well, concerning all our great alts,

  • one aspect is to eye on alts that are more independent from btc market movements (consider Matrix AI Network, e.g.)
  • and another is to embrace tax regulations (at least here in Germany), that create the incentive for long HODLing anyways.

Here, only one year after any crypto buying action the full return can be cashed in legally without having to pay any taxes whatsoever. Everything before that timeframe underlies a stricter legislation, which is why the short to middle term market (facing the C wave correction @haejin is taking into consideration) is not too frightening in the end.

In other words: The final C wave ending would be the time to get into new positions and altcoins be HODLed for even later. Concerning altcoins:


Here's my latest article on TRON's testnet launch and some more details. Thanks for reading and upvoting!

WARNING - WARNING - WARNING - WARNING - WARNING

This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX ENVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW this person now. Do not UPVOTE or TRANSFER any FUNDS to his account. Any money you send to this criminal can be traced back to you.

WARNING - WARNING - WARNING - WARNING - WARNING

I've been studying this tonight and I don't think it's probable. If this count is correct then wave 4 infringes on wave 1 as seen in my chart. The line graph he is using removes the wicks but that means it would violate the Elliott Waves. If Haejin is right then maybe we see a decoupling of the alt coin market and Bitcoin. That would be fantastic if that is the case.

He really don't care what he says. He just wants your upvotes. That's all he wants from you. He can care less if you even read his post. 99% of the people don't read it anyways. You would make more money simply by flagging this scammer. All you need to do is start flagging Haejin & I guarantee you will earn more money than you did by upvoting him.

ok, why so angry, if you don't like just move, an upvote cost nothing to anyone, first.
I always find very interesting points from Haejin and mix them with other approaches and make my own opinions on BTC or other crypto, and I am fully grateful for his work and time.
I wish I can see your work, your point of view, instead of spreading hate.

You have made 4 post on Steemit & you think you already know everything there is to it. Boy go back to FACEBOOK.

😂😂😂💪🏽💪🏽💪🏽 love It.

His account is valued at 86 cents & he is telling me to move on. I know my account isn't a whole lot. But there is no way he has got knowledge from Haejin. I doubt he even reads a thing Haejin post. He probably thinks he will get paid from upvoting him.

Haejin was a "genius " during a crazy bull market. It's easy to be right when things are running out of control upwards. The fact is Bitcoin is so young still.....and nobody can use any kind of chart to predict shit. The only smart thing to do is whatever YOU feel comfortable with. Steemit is more complex than BTC/LTC/ETH put together and there is no way to understand it all in even six months let alone four posts. There are a lot of angles that can get played over here.

With any coins or stocks. Buy & when the prices go higher, sell if you want that money then. If not hodl. Sell when you really want your money back. I sold all the BTC I had at 11K right after it reached 20K. I used it to put into steemit. I did lose some since I could have sold at 20K. But look at it now. Plus the little I had I got all CPU mining. Right after I sold is when it seems to have crashed. I guess I happened to pick the right time to sell, besides when it was higher than that.

@h00pla85. Your argument Is one that has been repeated countless times ad infinitum ad nauseum. Is there anything in a system of financial capital that prohibits, expressly or implied, that one can not collaborate, collude, even strategize to maximize one's profits?

Or that allows one to call (or not) any play any way one sees and if it is in a public marketplace, say youtube, that lets random strangers (not all with the best of intentions), followers, anyone online your blog, site, chat ⇾ comment, up and down vote, reshare?

Isn't this the invisible hand of the market adjusting to compensate for the wisdom of the crowds and their omnipotent pluralistic, jingoistic, oligopolical 'winner take all' all powerful 'voting' power. (i.e. the mandate of the people)?

You think celebrities, professional successful musicians, the talking heads on the mass media and every other joker on this planet who thinks they are the grand poo bah and everyone else who acts as if they are the king, emperor, Sith Lord... or Decepticon 'deserves' it? You'd include politicians, CEOs and family members who make 1000x to 1,000,000,000x+ the rest of the majority (99.999%) make, sometimes (often) while hurting and not helping?

You think the garbage corporations who monopolize and spew out pollution, toxic chemicals and crappy products and scam and con fraudulent services and MLM/pyramid scheme type of 'take the money and run' 'fly by night' are making their money fairly, honestly and ethically?

how do you make money from flagging?

@haggislove you don't make any money from flagging. It is mostly (except in the most egregious, blatant, intentionally offensive forms of harassment or pure click-bait trash) a waste of time and voting power.

Are you a complete moron, @thabiggdogg?

Knock it off.

Are you a turd stick, @akiramorikawa?

Go Fuck Yourself!

@thabiggdogg

I would be an asshole, if I went on your or anyone's social media account and day after day, night after night 24/7 constantly harassed, insulted and ganged up like a bunch of high school bullies on someone who is trying to do their business.

@thabiggdogg why don't you either get a life, job or work on writing and curating content perceived by the community as valuable (including on Facebook, Twitter, Google or in the print market such as Amazon).

@thabiggdogg or maybe you can't write, curate, have no technical or coding skills, can't do TA to save your (or my) life.

@thabiggdogg Hey maybe you'll make another whole 2 cents off of maligning someone else since, let's face it... Jealousy runs rampant and Denial ain't no river in Egypt.

We have a guy that has a bot that keeps track of it. Visit @FlagAWhale for more details.

@jesseluther, it is not so much a case of @haejin 'embracing' or welcoming, even desiring/wanting a 'bear' market, say BTC to go down ↓↓↓ to 4.8, 3.2 or bottom out at 2K. It is, as @passion-ground so passionately expresses, that we as analysts (and would be analysts) are always following the price action, which dictates our responses (not the other way around, such as the charts, Moving Averages, Volume, RSI, MACD, OBV, what one or another bitcoin pundit like Tone Vays declares : 'it must be so, this way, down/up trend'... the news).

WARNING - WARNING - WARNING - WARNING - WARNING

This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX ENVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW this person now. Do not UPVOTE or TRANSFER any FUNDS to his account. Any money you send to this criminal can be traced back to you.

WARNING - WARNING - WARNING - WARNING - WARNING

@jesseluther I think @haejin is referring to the 8 yr bull run from Bitcoin's inception to now. That it may take a while to consolidate and correct since it's not as if we got to where we are overnite. I know @haejin has referred specifically to a '4 month' correction (if you look at the bottom annotation of his charts on his (more recent) youtube videos).

And certainly, indubitably... absolutely... the others (not BTC just) in the crypto ecosphere are (often) analyzed.

Indubitably lol