[AdvanceFund]

Sorry, but Cyrptos don't follow same technical trends as stocks do. That's why most people's calls are complete bull****. It's a different animal. Go back to underwriting.

[ADiamond]

Sorry, but Cyrptos don't follow same technical trends as stocks do. That's why most people's calls are complete bull****. It's a different animal. Go back to underwriting.

That's not completely true.. that's just what all crypto idiots say because they don't know any better. Maybe advanced technical analysis doesn't apply YET - but general support and resistance (structure) and other basic TA applies because it plays into market sentiment.

Look at these key support / resistance levels (orange)

And Jan 17th's trend reversal (JUST AS I PREDICTED) obeyed the Dec 1 support level, didn't break and bounced right off it for a rally from $9,300 to $13,000 - that was a key level and I would have taken entry on it for that simple reason, and it would've made 40% in 3 days.

[Karen37a]

I can see why the price dropped. I just don't understand why the price appreciated so high, so quickly. What was the underlying value that caused the price spike? I'm skeptical of any investment in which 1,000 people own nearly half of all bitcoins. Wouldn't take much for them to manipulate the prices to cause spikes.

Also, with any investment you're investing in something of value. I just can't figure out what is causing the price to rise so quickly. I understand the potential of cryptocurrencies,.....but only as currencies. For currencies to be of any use, you've got to use the currency and create some sort of velocity. But with cryptos being treated as an investment, you're essentially encouraging the non-use as a currency. At that point its just some bits on a computer that one speculates may be worth a lot more in the future (and by worth I mean, what someone else is willing to pay for it).

The price appreciated so high because people created new cryptocurrencies and said they were backed by money.

There was no money. No one invested into the company. Then they said they had millions of this coin.

Then they took this coin and converted it into bitcoin, then converted out to another system...coin/computer system...then converted to cash.

Problem is no money went in on the front end...it was a fake YET they were letting it convert into bit coin.

so every time it went up a bit they "printed" fake coins...pushed into bitcoin, out to the next coin out to cash

They got caught

I explained this weeks ago before they got caught.

[Karen37a]

Its like having a penny stock...reverse shell into Nasdaq company with real assets,,, saying the penny stock company has millions in assets...absorbing the NASDAQ company for pennies on the dollar..then you find out the penny stock was worthless...but they sold the Nasdaq company on the open exchange ...then the news comes out ...dives/...you are still holding your shares.

they already sold so wft ...people at the top are holding worthless paper ...original penny stock, halted and raided and a Nasdaq stock that's half its value and you are questioning it because how could they let this penny stock take over


Or a guy says he has millions...( you do not audit him) he then is given shares of a stock based on his word...which he sells......stock moves up ...given millions on his word ...sells...stock moves up given more shares for free sells, on and on, as everyone is cheering ( because no one cares because the price is moving up)...people are having seminars on it...everywhere you freaken go a taxi cab driver or mcky dees worker is telling you you DONT UNDERSTAND INVESTMENTS ....then everyone finds out he had no money to cover the original millions.Or any other trade. ( which you knew from the start)

Kinda crazy

[Karen37a]

( this is how you create artificial Demand, this is how things go up up up on nothing Air ....how many times can people fall for it or something similar and if you make a profit it is ok )

** The answer is forever and no ...new batchs of people come in who think they are smarter than the ones who went before, only to have their arse handed to them lose money and lose in a cold calling competition to an old lady or old man or some kid who use to be a landscaper. Just be glad you didnt bet.

https://www.youtube.com/watch?v=Hhy7JUinlu0 Margin Call


https://www.youtube.com/watch?v=xbiDrzTd8fE CDOs ....this is what Frenchy from lending cl did again, that started the implosion on them and all of us.

https://www.youtube.com/watch?v=Ch77I8xoUMs.... Fire sale


https://www.youtube.com/watch?v=whlzFWwVv98 Real Sec hearing on Goldman saks " how much of that ****ty deal did you sell to your clients?"

https://www.youtube.com/watch?v=yfslbOhvkrg ... Last days of Lehman bros

https://www.youtube.com/watch?v=-CVdHc3Zm6Q Boiler room Artifical Demand


https://www.youtube.com/watch?v=Ckn8_FdWDr0 ... Boiler room...you cant sell


https://www.youtube.com/watch?v=q_RVG2qBB_U Bernie Madoff