Back in mid October there was a huge "buy signal" on Bitcoin ( golden cross = when the short term EMA crosses over the longer term EMA on the upside, I think I have it right) and 3 false "sell signals" in November. Is this a real rally or a fakeout by the professional traders. How do you short it? When do you short it ? I think it's suicide to short it unless you're day scalping it. . . Just my 2 cents.
Bitcoin drops below $20,000 as crypto selloff quickens
- Thread starter Claudia Love
- Start date
There is no such thing as a magic signal to buy or sell, if there was then all you have to do is watch for the Golden Crosses and Death Crosses and buy accordingly. Indicators do not tell you the future, it can only tell you the past or the present, you can use this information to predict the probabilities to come. There is more than one factor that will push a stock or commodity up or down. So there is nothing absolute on the stock market, it is all about probability.
On the matter of crypto, each time the SBF story resurfaces on the new is a shot at crypto.
On the matter of crypto, each time the SBF story resurfaces on the new is a shot at crypto.
It's very clear reading the last few pages of this thread that no one has a grasp of the underlying technicals of Bitcoin & blockchain.
This is not a company. This is a finite scarce, new asset class that is about to have trillions of dollars flooding in come etf approvals in early January - March at the latest with the havening event shortly after which reduces total daily new BTC supply in half.
This is not a company. This is a finite scarce, new asset class that is about to have trillions of dollars flooding in come etf approvals in early January - March at the latest with the havening event shortly after which reduces total daily new BTC supply in half.
Canada has Bitcoin ETFs, the total value of them is about 2 Billion. The US has 10x the population and economy so the total value of US Bitcoin ETFs should be ~20 Billion. The US has more risk appetite than Canada so I think 20 Billion is the minimum and 40 Billion is the maximum.
With that said, this is Bitcoin so logic and reason is powerless against FOMO.
With that said, this is Bitcoin so logic and reason is powerless against FOMO.
And all this time I thought BTC was a corporation formed in 2009 by Nakamoto Satoshi, fooled me. UGH ! 
Anyways, BTC wicked all the way down to about $ 42,800 early this morning and buyers rallied it all the way back to $ 43,800 area. . . Many are going to say that's the "dumb money" FOMO'ing in. I highly doubt it !
Anyways, BTC wicked all the way down to about $ 42,800 early this morning and buyers rallied it all the way back to $ 43,800 area. . . Many are going to say that's the "dumb money" FOMO'ing in. I highly doubt it !Attachments
Players profit taking on Bitcoin, plus having a hard time crossing $ 44,000, first time since Mar/Apr 2022. Look at ETH / SOL rally today ! My alternative picks to participate in the crypto rally ( if you believe it) and not having to buy BTC at $ 40k+ . . . Also LINK !
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yet you are still here commenting and said this:I wish that I could be interested, but I'm not....
"Why do I keep thinking that BitCoin will just become like any other currency?"
sounds like you're still interested in the topic
fundamentals are overrated, all that matters is price action.
I've said before in the others, would you care if you were gifted the original iPhone or received Aaron's Judges 62nd home run ball even though it has no value to you? yes you would, because you could sell either for a crap load of money (55k iPhone, 1.5 million baseball).
it's all about fucking making money..period.
"oh greater fool theory ...someone always left holding the bag with crypto "....yep just like the iPhone and baseball ...someone always left the holding the bag
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fyi, non sensical analogy
right , and again that's why you care to check out this thread , "wonder" about it, and commentNo, I still don't care. I care about Crypto as much as I care about the penny.....
Just because I mentioned pennies does not mean I care about them....
fyi, non sensical analogy
Ed
keep pretending ...have funStill don't care. I just do this for entertainment....
Warren Buffet, Jamie Dimon ( of MS ) all testify against crypto at all the SEC meetings, and yet they admit they have a personal stash of Bitcoin. I can never understand why ? Just for fun ?
No. Because all they care about is asset performance, they don't care what the underlying is. Whatever thread, whatever the topic, this is a tough TERB crowd, now I see why the MODS close/delete many of the threads before they get out of hand.
Did you ever get an answer to that?
My understanding has been the big brass ring for ETFs is to get a spot based one.
At least in the US.
This is the thing they keep hyping but somehow always seems to just be around the corner but not arriving.
I don't know why you would think the etf approvals are a given.
The issue with bitcoin is that the people with big money in it don't want it regulated in a way that stops them being able to commit crimes, but want legitimate investor money to come in.
Those will remain at odds.
Because you are mistaking it for a currency, which it isn't.
See, this is a thing I respect about you, sprite09.
You've never pretended Bitcoin and crypto were about anything but getting in on the cash because other people are willing to pay for it.
It's just straight up an asset that some people are willing to pay for, so you are in it to make a buck.
That's honest and fair.
Because arguing about why widespread of bitcoin and crypto as it stands would be bad for the financial system is different from "if some people want to pay for this thing, I will have some to sell to them".Warren Buffet, Jamie Dimon ( of MS ) all testify against crypto at all the SEC meetings, and yet they admit they have a personal stash of Bitcoin. I can never understand why ? Just for fun ?
Sorry what was that?
This is like 2013 critiques of Bitcoin
. Every transaction on Bitcoins blockchain is completely visible - it is a publicly accessible ledger. Crimes using crypto are best done with other tokens like Monero - NOT Bitcoin. This shit is too easy man 🥱🥱.
that aged wellSorry what was that?
This is like 2013 critiques of Bitcoin
This shit is too easy man 🥱🥱.
Bitcoin has always been transparent.Sorry what was that?
This is like 2013 critiques of Bitcoin
This shit is too easy man 🥱🥱.
What does that have to do with what I said?
