Or indeed BUY! BUY!
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[Finance] The cryptocurrency (Bitcoin etc) thread
- Thread starter Sirius76
- Start date
Or indeed BUY! BUY!
Not exactly suprised crypto is TANKING again today.
Know a couple of people who went to the Miami conference and aparantly it was an absolute shambles. Most of the presentations were abysmal and shock horror most people involved had as much depth as a puddle.
The main nightclubs who had agreed to take Eth before the event quickly retracted that agreement during the conference.
Shambles.
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Know a couple of people who went to the Miami conference and aparantly it was an absolute shambles. Most of the presentations were abysmal and shock horror most people involved had as much depth as a puddle.
The main nightclubs who had agreed to take Eth before the event quickly retracted that agreement during the conference.
Shambles.
Sent from my SM-G977N using Tapatalk
KeegansHairPiece
New member
- Jan 28, 2016
- 1,829
BTC about to drop through May 23rd's low point. Next stop May 19th and will it drop through $30k...what then? 
disgruntled h blocker
Active member
I'll await the terms like "I readjusted my position to manage my expose to losses".... PANIC!
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,407
i have a menagerie of shitcoins from 2017 and even last autumn that come from that thinking.
what is interesting in todays fall is that major alts are not keeping up with BTC, holding onto some of their recent gains. on the other hand, it seems to be without reason, no news or FUD to prompt reaction. which is much more worrying...
Haha my favourite is further up the thread. Dollar averaging or some bollox. Which basically means you buy more as the price goes down or some such nonsense. You have to be completely mad to still be in the game at this point or too proud to realise the losses !!!
Don't get me wrong there was some incredibly easy money to be made earlier in the year. But sometimes you just have to cut your losses and wait for the next sustained push (if it ever comes)
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Lower West Stander
Well-known member
If you bought before the beginning of this year I would hope you are. It would take quite a lot of skill not to be.
But looking at the GPW chart on my Bloomberg screen its all looking a bit different now.
Wrong-Direction
Well-known member
- Mar 10, 2013
- 13,452
Glad I haven't got involved tbh, I'll stick to my 50p accas on the footy!
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disgruntled h blocker
Active member
I wonder if the BTC crash is related at all with the Australian Police/FBI/EuroPol Messaging App Fraud collection and then related FBI actions today...or just totally separate actions?
Albion Dan
Banned
Totally irrelevant imo. The price was on a knife edge around $34k and a daily close below was always going to be highly significant in the direction of the market. $23k and even back to $13k now possibilities if that $34k isn't recovered fast!
Neville's Breakfast
Well-known member
i have a menagerie of shitcoins from 2017 and even last autumn that come from that thinking.
what is interesting in todays fall is that major alts are not keeping up with BTC, holding onto some of their recent gains. on the other hand, it seems to be without reason, no news or FUD to prompt reaction. which is much more worrying...
There are plenty of reasons, including changes in US monetary policy and concerted efforts by China to undermine the ‘currency.’ I first came across this thread quite recently and find it a little disturbing that so many people are only buying because it has been going up. There are no fundamentals in this market and a bunch of incredibly weak longs.
giveusfalmerplease
Well-known member
interesting to note bitcoin low exact $31000.00 - suggests there must have been some massive BUY support at that price-current around 32700
KeegansHairPiece
New member
- Jan 28, 2016
- 1,829
ETH and BTC both recovering toward the last 3 week mean. It seems crypto simply doesn't want to reveal it's hand at this point. It is a roll of the dice in a game of snakes and ladders.
schmunk
"Members"
More like a roll of the dice in a game of chess...
sydney
tinky ****in winky
good question ....crims been using bitcoin as storage...??
Tyrone Biggums
Well-known member
Ok I admit it, it was me with a limit buy at that price.
pb21
Well-known member
- Apr 23, 2010
- 6,369
I had a look at the Binance order book yesterday and there was a total of ~500 BTC at exactly $31,000, significantly the biggest buy order price.
Lots of on chain analysis shows some encouraging signs, although not all, and that's going against the current price trend/TA.