Bitcoin
Bitcoin
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- reanimate1
Is it true that the future price of Bitcoin can really be predicted by looking at charts, technical analysis etc?
My impression is that those making huge purchases are increasingly the ones influencing things, and everyone else is just along for the ride.
- Personally I don’t think so, not with any confidence, but it can help with predicting general trends some of the time.monospaced
- It can kinda indicate prices people are reacting to for buying and selling. Dips, peaks, etc. but like any market it cannot predict huge swings exactly.monospaced
- TA works really well at finding patterns in the past. Not so much the future. Though testing support lines, ascending/descending triangles...inteliboy
- ...does seem to work. Thing is, all it does is take a sure fire guess that something is about to happen.. but not if it's going to be up or down.inteliboy
- If TA working 100% = everyone would use TA = the price would stabilise and flatline momentarily, then fluctuate violently, thus rendering TA useless.shapesalad
- What you need to do is look at a chart across several time metrics, 1m, 1w, 1d, 4hr, 1hr. Ask yourself, what is the trend?shapesalad
- Is the trend continuing? Or is there beginning to be indication in the price, the candle bars of a trend reversal? Invest accordingly.shapesalad
- Then apply these rules. Never more than 5% of your portfolio in 1 instrument. Golden rule: Cut losses, add to gains. 2n Golden rule: be early, back #1 winners.shapesalad
- It's taken me 10 years, numerous podcasts, trials, losses, gains, books, learnings to narrow it down to these simple rules.shapesalad
- Listen to 'Chat with Traders' podcast to gain a wealth of insights.shapesalad
- also beware of scams. Check out Ark Invest and their manipulations.shapesalad
- shape you're not a fan of Ark Invest?inteliboy
- Krassy5
BITCOIN 'whales' who hold staggering sums of the cryptocurrency could crash the market, experts have warned.
Just 2,500 people controlling nearly HALF of market
The richest Bitcoin wallet currently holds 141,452 Bitcoin – the equivalent of $4.6billion.
- and a single person may have multiple walletssarahfailin
- CUE DRAMMATIC MUSIC ... BUM BUM BUAAAAAAHHHHHHHAHAHA...AQUTE
- Maybe they can have a whale song meet up - and crash the market all together. Hopefully they all get the memo so one doesn't buy all the low end BTCBH26
- grafician-2
"The Unreasonable Ecological Cost of #CryptoArt (Part 1)."
source: https://twitter.com/mattdesl/sta…
full article:
- Truth hurts?grafician
- Compare it to classic paper & coin money. The weight of cash in wallet X number of daily car journeys X fuel used to carry extra weight of coins =shapesalad
- Similarly - average weight of coins passengers have on a full 747 flight X fuel:cash X number of daily flights X 365 =shapesalad
- @shape the cost of that doesn't even compute mate, most money are electronic, your comparison is so...not complex.grafician
- also don't compare crypto with electronic money - crypto needs to be computed!grafician
- Everyone knows Banks are solar poweredGuyFawkes
- and investing in crypto is basically directly funding climate change.grafician
- BUT in other news, electric cars sales are up 60%grafician
- Couldn't crypto mining also potentially be powered by solar or alternative energy?yuekit
- I also wonder if the amount of computation that is currently used by something like Bitcoin is really necessary. I'm sure this gets into technical issues but ityuekit
- seems like there must be a more efficient way to achieve the same outcome.yuekit
- well, staking will resolve this soonnico412
- @yuekit why waste solar on crypto mining when you can use it to power something else?grafician
- in fact, crypto solved ZERO problems since inception in like what 10 years? So investing for a decade in something with no real value...cost fallacy rngrafician
- it's also a sign of how much wealth disparity exists today, as so many poor people invest in crypto as a quick way to get rich while the real wealthy...grafician
- ...gain tens of billions each year!grafician
- I find it very ironic that Satoshi invented a tool to reduce financial disparity and gain financial freedom and everybody using it for the wrong reasons now...grafician
- has Greta been briefed on this yet?Krassy
- lolGuyFawkes
- aren't banks responsible for all the wars n shit? am I going too deep?hjow much does the erf cost? is the erf flat?GuyFawkes
- Nairn3
Hi, I'm 12, What is this? https://temtum.com/
- Another blockchain technology in search of a problem to solvedrgs
- Someone I know who'd been playing with Bitcoin for years but cashed out at the last peak excitedly mentioned it to me. Curious to know if you lot know anythingNairn
- Another white paper coin. If you like the white paper, are bamboozled by the technicalities, you buy a few £ks worth and HODL while telling everyone YT to buy.shapesalad
- I repressed all my crypto knowledge and try not to think about itdrgs
- I don't know but, but for the love of god, please contact them and have them slow down that speed animation. Nothing is that fast. It looks ridiculous.dbloc
- target audience of this website is 12 year oldsKrassy
- your friend is an idiot. You can tell him I said thatESKEMA
- LOL temtum in hebrew means stupidityrenderedred
- https://translate.go…renderedred
- Ooh, this opened up a rabbit hole, thanks Renderered! Eskema - my friend is not an idiot, likely much (much) richer than you, and doesn't do crypto any moreNairn
- he knows I'm interested in the tech and so told me about it. However, HIS rich friend probably is daft. But HIS investment is a drop in his financial ocean.Nairn
- 'investment', lol. 'Stake'.Nairn
- if he sold bitcoin to buy temtum, then he's an idiot. Sorry. No amount of money will change that.ESKEMA
- He cashed out on BTC last peak. since then he's just dabbled. It was always an idle game for him anyway. He bought no temtum. His richer friend did tho...Nairn
- Actually, apparently his richer friend's 'ai algo' bought it and it's done well for him. But, as I said to my friend - so did fucking Dogecoin. Nonsense, all.Nairn
- ESKEMA0
The City of Miami believes in #Bitcoin and I’m working day and night to turn Miami into a hub for crypto innovation.
Proud to say Miami is the first municipal government to host Satoshi’s White Paper on government site.
https://twitter.com/FrancisSuare…
gradually then suddenly
- Nigeria and Miami... Crypto innovation Hubs... https://trends.googl…jonny_quest_lives
- HahaAQUTE
- Hayoth0
Does blockchain transparency become more valuable because of the manipulation going on with gamestop?
- no, that's Eastern Blochain socialismfadein11
- That's commie talk.inteliboy
- Deep thoughts broHayoth
- What manipulation? If another hedge fund would've done this, it would be business as usual. There's nothing illegal in this.grafician
- manipulation is happening from the institutions side. Closing the trades to allow the shorts to recalibrate positions so they don't get rekt by reddit.ESKEMA
- yes. But you still have to deal with exchanges.shapesalad
- drgs1
Elon changed his bio
- He's becoming like a meme bro. And in his very busy schedule between Tesla, SpaceX, Boring Company, Neuralink, etc he still seems to have much time for tweetingNBQ00
- Also Dogecoin up a lot because of his tweets.NBQ00
- Dogecoin has a marketcap of $6B now. That's a lot for a crypo made just for the laughs.NBQ00
- Also Michael J. Saylor, geo of micro strategy, holding a 2 day conference early Feb to advice other CEO's on how to put treasury into bitcoin.shapesalad
- Expect momentum to build upwards from there.shapesalad
- Jack Dorsey did the same a few hours ago as well.inteliboy
- jack dorsey had the same bio for ages. not a recent thing.ESKEMA
- @NBQ00 he is trading since paypal :)sted
- He's just trying to prop up his stock value in bitcoin.utopian
- Now we know why.shapesalad
- shapesalad1
Lot of exchanges / payment processors are inundated with new accounts / account verifications. Big delays on getting new accounts verified.
The lower bitcoin prices of the past 2 weeks will be history and not retraced to.
- Explain that last para please.Hayzilla
- @Hay: meaning that all these new users are going to pump Bitcoin, effectively. And, presumably, other coins. To the moon, DOGE?Continuity
- Okay yea. So the meme aspect of this week has created long term adoption. Suppose that's a good thing really. Especially for early adopters (as usual).Hayzilla
- I'm not sure it will encourage long-term adoption. FOMO is driving this, but will drop off after the whole thing is done, methinks.Continuity
- Like sted said in another post, meme trading isn't sustainable. And people really do have the attention spans of brain-dead rocks.Continuity
- $30k was a support level over past 2 weeks, that's now dust. Support level minimal now will be $40k.shapesalad
- It will be as always, a sideways shitshow
https://www.tradingv…drgs - isnt the GME situation cryptocurrency markets in a nutshell? group of users pump coins they want then cash out? the key difference is reddit users are punishingjonny_quest_lives
- hedge funds and holding... do cryptocurrency markets which are highly manipulated to begin with want coordinated outsiders ruining their game?jonny_quest_lives
- then again btc has daily network costs to run the hash so it is hungry for new cash daily... miners are like pac man wocka wocka wockajonny_quest_lives
- <My prediction is playing out. Brownie points to moi.shapesalad
- shapesalad0
If you haven’t already, Subscribe:
Great guy to learn from.
- shapesalad0
Reason to be bullish about bitcoin in 2021:
https://www.microstrategy.com/en…
"Bitcoin for Corporations
MicroStrategy is the first publicly traded company to invest significant treasury assets in Bitcoin. At World.Now, you'll hear from MicroStrategy Chairman and CEO Michael Saylor, as well as a slate of BTC industry luminaries, as they discuss this groundbreaking treasury reserve strategy."
Includes presentation from all the major exchanges, who will be try their best to woo over Corps.
Don't expect them to pump millions into bitcoin all at once, expect them to DCA (Dollar Cost Average) over the next few years.
- Imagine 10 years ago, someone tells you that your sub $1 digital coin will be seeing a NASDAQ CEO presenting the virtue of your coins to other CEO's.shapesalad
- Why there F did I not mine these things when I had free electricity for 5 years!shapesalad
- https://www.youtube.…shapesalad
- the first discussion was really good.ESKEMA
- Bitcoin whales are going to rip Saylor a new holedrgs
- how? his average buy so far is 16k. he doesn't trade, it's long term HODL. i think he'll do just fineESKEMA
- I mean Elon Muskdrgs
- Saylor's not the genius peeps make him out to be... he once wrote a letter to gawker bragging about his net worth and the women he was dating afterjonny_quest_lives
- they published a fat photo of him.jonny_quest_lives
- sted0
brrrrrrr
- drgs0
Tesla bought 1.5B in Bitcoin
https://www.sec.gov/Archives/edg…- can't even log into binance to sell!shapesalad
- Tesla just made the Chinese public very happy. CNY this week. Going to be some fat red envelopes given out this week...shapesalad
- Its just hit an all time high.Hayzilla
- this was last year?fadein11
- They didnt buy just now, thats just a short sqeeze on good news (they will also accept ponzi as payment)drgs
- Been buying since Jan21. News out now. Explains the $40k high in the past weeks.shapesalad
- NBQ000
Elon is a pumper.
- shapesalad0
Then buys $1.5b
- musk's twitter profile pic though.shapesalad
- Saylor found his ponzi victimdrgs
- https://www.cnbc.com…zaq
- oops, didn't see it was posted belowzaq
- https://media.giphy.…GuyFawkes
- drgs - you realise this ponzi scheme has been going for 10 years. If it were to fail, it could have back in 2018 when it first ramped up.shapesalad
- could have failed when it was $1=1BTC, or $100, $1k, $10k.... but the truth is, it's not a ponzi scheme, it's an asset to hold value.shapesalad
- Currently valued at over $45 for 1BTC.shapesalad
- My goal is 500k in late 2023. Institutions are not going to pump it all the way to the top. To get there we need late fomoers/future losers, and I dont see themdrgs
- Happy to be wrongdrgs
- nocomply0
Welp, I've got some real skin in the game now, friends. After studying the charts for the past month, I figured it's now or never.
I put about $800 into crypto between Friday and this morning. Mostly on Bitcoin and Ethereum.
Not holding my breath for this run to last, but I'll enjoy it for now.
Add Note
- Diamond hands, you smooth-brained, retarded ape.
I mean ... good luck!Continuity - Do yourself a favor and pull out $800 the moment you see any major returns. That way you get your skin back :)monospaced
- I bought the majority on the weekend dip. Expecting the funds to go down at some point, but planning on HODLing for years, so we'll see.nocomply
- I personally see BTC settling in at around 45-50K when the dust settles, but who knows?nocomply
- Diamond hands, you smooth-brained, retarded ape.
