Bitcoin
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- stewart1
I start mixing up the bitcoin and covid charts when I see one.
- NBQ00-6
For anyone trading Bitcoin and cryptos this is a must read to avoid the same mistake this guy did.
“Did I ruin my life by trading crypto?” https://www.reddit.com/r/tax/com…
Basically he was able to turn $5K into over $800K and then lost a big chunk of it and is down to $120K but now owes like $400K in taxes.
- Can you not offset losses against profits before it gets taxed?shapesalad
- In the States, it seems not.Continuity
- Bennn-1
Iz goin donw!
HODL ¡!!!
- hardly a crash though is it (yet).fadein11
- Well, it is down 5.6% so far today, according to Revolut. Not a pretty dip, in any case. Ethereum is still up, though.Continuity
- As long as the fractal holds nothing to worry about.NBQ00
- Some people on Reddit are saying "sell and buy back in a week" .. i don't think we're there. Probably a better idea to just holdBennn
- Well, I'd be lying if I said I wasn't nervous with this dip. My buy-in is just too recent to shield me from loss territory.Continuity
- I'll see how it all looks when I get up tomorrow morning.Continuity
- Iam ok because I plan to hold for 2-3 years or more. The Bitcoin you own will be the same in a year.Bennn
- If you own 0.05 Bitcoin, even if it crash, you still have 0.05 Bitcoin. It will go back up. Everyone says its gonna get to 100k+ eventuallyBennn
- Don't panic, be patient. I won't make the same mistake as in 2017Bennn
- "Everyone says its gonna get to 100k+ eventually" like a bad broker before the dotcom crashsted
- Well seeBennn
- what exactly?sted
- Come back in a year or two and we'll see where we're areBennn
- drgs2
"I can't believe they fell for it again"
Whale Huang
- NBQ00-4
Fractals?
- This is your dip. Stack those chips.AQUTE
- Have you seen the weekly chart and RSI? :)NBQ00
- https://pbs.twimg.co…drgs
- NBQ00 it is recommended not to use words you don't understand, just write:
i heard/read on the Internets that its going to get fucked.sted - F R A C T A L Sinteliboy
- C Y B E R F R A C T A L SNBQ00
- @drgs those 27-24k downs hmmm :)sted
- @drgs you should clean your fucking screen. It’s all dirty and full of charcoal marks.NBQ00
- lol @ nbqinteliboy
- From yesterday: https://pbs.twimg.co…
Today: https://pbs.twimg.co…drgs
- Beeswax0
Looks like it will test 28-29k
- Bennn1
I finally pull out everything while I still have profits. Will put it back in when the panic is over.
- oh dude, why haven't you answered my question few days ago, i would have told you to jump out and look for the 34-32k dipsted
- what can turn into 27-24k.sted
- Yeah, I cleared out this morning, too.Continuity
- What happened to HODL, guys?NBQ00
- Wow, I wonder who recommended doing this?monospaced
- 1:20PM
32k dip looks done, here comes the zigzag and a decision for up to 36 or down for the 27k.sted - 7:33pm 35600.sted
- (yeah thats the 36k what was in this play)sted
- and tadaaa an hour later @8:51 down to 34k in 20 mins :)sted
- drgs7
- Bennn1
Iam still a newbie with Bitcoin and learning but i now understand the scheme... Some rich people manipulate the thing by buying many Bitcoins, it start a wave up, lot's of people jump in, the bubble inflate and suddenly these rich people pull out with massive profits and the bubble burst. Repeat.
Am i right?
- Certainly seems that way.Continuity
- except for 'rich ppl' and 'bitcoin' ... it's just how markets work.
And there is still lots of value in bitcoin, lots of the big investments will hodl.uan - they a re betting against gold and the dollar as value keeper. and they expect bitcoin to stay around for years.uan
- Nothing to do with rich ppl, Bennn. It just lingers around until volume kicks in and people start buying. It goes up and what goes up must come down.NBQ00
- Nothing just goes up in a straight line all the time. Bitcoin already went from like 10K’s to 40K’s on this wave which is a big move. So naturally...NBQ00
- https://twitter.com/…drgs
- ...it has to correct the move a bit. Just how markets and technicals work in trading and charts.NBQ00
- And most of the time the majority of people usually buy at the top or close to the top because they hesitate and then they chase due to FOMO.NBQ00
- did you look at volume in relation to price movement to draw that conclusion?shapesalad
- you're perfectly describing bubble scheme, like beanie babiesmonospaced
- there's no other reason the price changes than the volume of trading, nothing at allmonospaced
- Unfortunately, it's not based on news or anything related to anything tangible or significant like a business would have.monospaced
- A regular market works the same, except you can buy on futures prospects, business decisions, transparent competition and reporting. So, not the same, uan.monospaced
- Mono, you should’ve invested in Bitcoin 10 years ago. Or bought Beanie babies lolNBQ00
- they just don‘t have them yet for bitcoin but they (big banks) made those calculations and they know it‘s here to stay.uan
- or they bet on it...probably because they know technolgy behind it is superior than what we are used to.uan
- @uan show me one US financial institution what openly invested in bitcoin.
not alt-coins or "creates its own crypto" stuff.sted - paypal though idk if they are still USowneduan
- according to a lawsuit in 2002 paypal is a fintech company not a financial institution.
NEXT.sted - May 2015 lawsuit about PayPal credit accounts also makes it clear that it isn't a financial institution.sted
- I wasn't aware of those categories. so I bet cashapp is also fintech.uan
- NBQ00-6
Almost under 30K. Lost nearly 12K off ATH's pretty quick. Let's see how much further down.
- Nairn0
What is an ETH2 Stake Pool and should I be excited to join one?
(I'm not).
- There is a new version of Ethereum, ETH2, but for it to launch a certain amount of ETH has to be "staked". I dont know why, but you get 10-15% in interestsdrgs
- Is that a 'guaranteed' rate of return? I mean, assuming a lack of calamity? I might go all in, Bennn style and see if they'll accept a piffling donation/gambleNairn
- the problem, as i see it, is that going in on crypto as a gamble necessarily requires a punter to up their stakes all the time, otherwise they'll regretNairn
- ..losing on potential gains. in hindsight, obviously. it's a nasty cycle.Nairn
- I know someone who's 'recently' disccovered BTC and has been pulling real world investments to get in on the ladder at every relevant point.Nairn
- "All eggs in one basket" is a thought that comes to mind. On something that has no intrinsic value, nor is predictable in any meaningful sense.Nairn
- Yesdrgs
- randommail0
Who else is considering buying back in a little at a time, starting around $27k ?
- even if it drops further to low 20's, I'm thinking small bites until it stabilizes at a new normalrandommail
- memememe and 3 other friends :)
i just woke up at 4 to make sure we don't miss it, but 30k was the best it could do right now.sted
- sted1
i'm trying to be simple as possible here so whatever you trade keep these things in mind:
there are 3 types of events what can bring the price up/down of anything on the market (yes this applies to coins)..- Price play (playing with low volumes to pump or dump the price)
-Bitcoins value is 100% in the price, so if you and enough ppl go into panic mode and everybody just wants to get rid of it at any price it can go down as fuck to $100. whatever your read exactly 0 thing holds it back from doing this.
- Proper stocks have various factors and tools what does not allows this to happen(institutional owners, halts, trading time etc.), or it takes far longer than with crypto
- That's how you short a stock, and you can do this with a high volume on a Newsplay event if you got the money for that (like Soros :).- News play
Crypto isn't immune to the news. Like with the proper stock-market it is critical to get the news on time and learn how to make decisions.
The biggest risk factor are regulations, and "glitches". And trust me the second one is a far bigger issue than the politicians.- Cycle
Every traded instrument has a cycle (weekly, monthly, yearly patterns). This means that at certain intervals the price is guaranteed to move in the expected direction.Price play can overwrite the News and Cycle play expectations.
- GuyFawkes-1
just put more $ on bitcoin 10 minutes ago, what I put in literally doubled 5 minutes ago.
- That's impossible. How can it double when a short term rise is like 5%? You mean you made 2 bucks?srhadden
- He probably means doubled his stake. Cuz Bitcoin is in the red since he bought in again.NBQ00
- It would’ve needed to be at like over 60K for him to make a “double”.NBQ00
- "what I put in TODAY" doubled, what I put in in total is down from yesterday but still up 500% from when I put that in earlier this yearGuyFawkes
- Still doesn't make sense. Whatever you put in TODAY didn't doublesrhadden
- sentence starts with "just put more $ on bitcoin " so he already OWNS some btc. this buy just puts his average lower, but still can show a +200% gain.sted
- if he has 500% gain, that means he bought it around 6k.sted
- Whatever, enjoy your "doubles" yallsrhadden
- Lol, maybe Guy is dreaming of a world where he buys something and 5 minutes later it “doubles” despite it going down.NBQ00
- https://edutechnique…GuyFawkes
- Lolsrhadden
- uan1
don't panic...but some banks are in panic
- AQUTE-2
I got out at 36 and back in at 30 I saved thousands
- thoughts and prayers for AQUTE :Dsted
- AmenAQUTE
- Teach medrgs
- you and Bennn will be millionaires soon!
:DKrassy - It could go down to 20 then up to 50 and beyond. We will see!AQUTE
- @AQUTE start buying at 28k, just go in with 0.05. next 27 and then 25-24.sted
- support around 24k is really heavy, you need a proper panic to go under that value.sted
- 20 I think is a possibility but if it does get there we go sideways for a year then ramp up again. And I will stack more at 20.AQUTE
- NBQ00-1
“just put more $ on bitcoin 10 minutes ago, what I put in literally doubled 5 minutes ago.” — GuyFawkes
- AHAHAHAH :D:D:D that's pure entertainment fuck you NBQ00 why can't you just share the fun shit and leave the rest separated out from qbn? :Dsted
- Lolsrhadden
- lol, you know you messed up when your getting made fun of by the guy that watches Nick Avocado & the Paul brothersGuyFawkes
- yeah I messed up hahaGuyFawkes
- Lol I don‘t watch the Paul brothers. But I do check in Nicocado from time to time to see if he‘s gotten fatter.NBQ00
