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Crypto currency (IF banned from CA)

nikom court said:
Tbh I think TA for bitcoin is like astrology,my gut feeling is we may see 30 before 40 but it ALWAYS returns to its ATH eventually.
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Find TA quite useful myself, if only because a lot of other people especially algos and institutions base their decisions on it.

Breaking out of the trading range of ~30K-60K is going to be quite hard either way tbh as lots of people are focused on those levels but if it does you'd expect quite a large move as traders (either longs/shorts respectively) covered.
 
LinekersLegs said:
Find TA quite useful myself, if only because a lot of other people especially algos and institutions base their decisions on it.

Breaking out of the trading range of ~30K-60K is going to be quite hard either way tbh as lots of people are focused on those levels but if it does you'd expect quite a large move as traders (either longs/shorts respectively) covered.
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Grayscale premium is a great indicator, it is at -28% now so will keep dumping for a while
 

Efcjake said:
Why?

I'm curious to see the working out of Russia invading Ukraine being responsible for a bitcoin crash.
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Because just like the covid crash on march 10 (I had a great day 4k bitcoin) weak hands will panic sell when they see the stock markets crashing.
I admit I'm not to good on short term price movements but iv never been wrong long term (4 years).
Long term thinking is key,these crashes are great buying opportunities but it's no good looking at your phone every 10 minutes and bricking it every time there's a sell off!
 
nikom court said:
Because just like the covid crash on march 10 (I had a great day 4k bitcoin) weak hands will panic sell when they see the stock markets crashing.
I admit I'm not to good on short term price movements but iv never been wrong long term (4 years).
Long term thinking is key,these crashes are great buying opportunities but it's no good looking at your phone every 10 minutes and bricking it every time there's a sell off!
Click to expand...
Imagine if there was a mechanism that forced you to hold through the dips and meant that you couldn't sell even if you weak hands wanted to.

How many bitcoin holders actually captured all the profits from a dollar to 65k, I'd argue only a handful.

Imagine if there was a crypto that unlike BTC had more than two functions (send and mine)

Hex.com solves all of this
 

DuuuncanHadaPigeon said:
I have said this numerous times in this thread

BTC has utterly failed to be p2p digital cash (Satoshi's original vision)

This is nothing new with BTC, it has dropped 85% 3/4 times before which is why I have also repeatedly called a 10k BTC, it will do this and then go on to break it's all time high again.

All you need to do is look at the Grayscale premium to see what will happen to BTC price, it is currently around -28% which says it all.

There was a poster in here that had a magic algorithm that told him to buy at 52k lol

HEX.com is all you need
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Thought of you when saw this chart lol
 
The Gueye Science said:
I think the big question is whether the Fed actually holds its nerve this time, or whether it's once again forced to turn on the tap, after the people who've spent the past ten years complaining that it prints too much money demand that it rescue them yet again by printing more money. They've caved every other time, but that was before we had inflation. Always asking for trouble the moment you permit ordinary people to enjoy the fruits of the magic money tree ; )
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Re tomorrow’s Fed meeting thought this thread interesting analysis re credit spreads.
 

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