Bitcoin Thread

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There's a nice little belated dump.

Edit: and they drank their milkshake.
 
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You guys gamble big bucks.
I sold the little I had 15:02 and profit some 20k
Now i dont know what to do
 
Countcrypto said:
Bitcoin viewed on the long term time frame HAS never been in a bear market. Many, many, many people with much more credibility and following than you often allude to this. But it's just a argument that boils down to perspective and semantics and why it sticks in your craw so much I don't understand. If btc doesn't make a higher high on the next bull run it is no longer valid. If it makes a lower low next bear market the same thing. Until then it's technically still, by definition, in a long term bull run.

Fiat is just a bubble. Of course that's true. What backs fiat other than belief in it's value? The paper it is printed on? Is American paper such far better quality than Zimbabwean paper? Of course not. Fiat is debt and what's more of a bubble than ever expanding debt backed by nothing?
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Which just shows again you don't know what you're talking about. If that was the definition of a bull market then almost every stock has always been in a bull market. This has been pointed out to you, not just by me. I don't care about credibility. If you can't use the correct terms and meanings then nothing you say has any value.

Fiat is also not in a bubble. It may be essentially worthless or not depending on your perspective but again that's not what a bubble means. It's of no use conversing with you with what you know (or don't know).
 
Swa said:
Which just shows again you don't know what you're talking about. If that was the definition of a bull market then almost every stock has always been in a bull market. This has been pointed out to you, not just by me. I don't care about credibility. If you can't use the correct terms and meanings then nothing you say has any value.

Fiat is also not in a bubble. It may be essentially worthless or not depending on your perspective but again that's not what a bubble means. It's no use conversing with you with what you know (or don't know).
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Whatever salty. I can't make it more clearer to you, or any sentient being, assuming you are one, the context of my implication. Btc viewed in the long term time scale has never made a lower low, nor ever failed to make a higher high. That's a bull market.

No. It's not the same for every other asset. Name me a stock that since it's inception has never failed to make a higher high or always managed to avoid a lower low throughout it's existance throughout it's trading history of bull and bear trends ? And when you do name me one, guess what? On the long term time frame that stock has always been in a bull trend.

Really guy, stop sperging out. This isn't difficult stuff to comprehend.

Fiat is not in a bubble? You are not a serious person.
 
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I'm done with you. You're living in your own reality.
 
Swa said:
I'm done with you. You're living in your own reality.
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How much of a kick in BTC price over last 24hrs do you think was caused by Facebook's announcement of Libra launch?
 
New to bitcoin, and only invested a measly R750 around a month ago via Luno that's sitting R970 odd now. Is it worth selling to make a measly profit of around R200 and buy more when it's low? Or am I doing this wrong?
 
LD50 said:
How much of a kick in BTC price over last 24hrs do you think was caused by Facebook's announcement of Libra launch?
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It's probably more manipulation than anything else.
 
SaiyanZ said:
Impossible to really say. Just based on the recent action the resistance should now act as support for a while as things cool down.

OXdiFn38
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Pattern and bounce area seems similar. Funding cost for longs is massive on Bitmex though. Don't remember it being this high in May. So that might make change things. Longs have to pay the equivalent of a $100+ move per day currently to keep their positions open. So they are losing money fast if we just go sideways.

N9jC3QiA



Zoomed in, might already be at bounce area:

UDOC9DvB
 
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genetic said:
New to bitcoin, and only invested a measly R750 around a month ago via Luno that's sitting R970 odd now. Is it worth selling to make a measly profit of around R200 and buy more when it's low? Or am I doing this wrong?
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Depends on a number of factors - whether you are trading or investing. Luno is not exactly traders paradise - My guess is what you have will continue to go up as i suspect price will continue to manipulated up. If your plan is to invest then it does not really matter when you do it since you have a long term goal as opposed to trading where one is more concerned about entries and exits.

BTC has been really bullish and seems like the rally will continue to around $12500 - I would suggest (not financial advice) that you just hold on to what you got as we are set to go higher. And should we go lower than the price you originally bought then buy some more with money you can afford to lose. That way if you lose you won't cry but on the flip side when Bitcoin is 60k you will have some small extra cash (x6 of your money basically) that you can buy yourself something.
 
genetic said:
New to bitcoin, and only invested a measly R750 around a month ago via Luno that's sitting R970 odd now. Is it worth selling to make a measly profit of around R200 and buy more when it's low? Or am I doing this wrong?
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Keep it.

Buy more if you can afford throughout time, but keep it.

In 20 years it will be significant.

(remember all you have to beat is 7% a year that is what inflation is, so leaving the money on the bank won't net you anything, investing is the second best option and BTC forms part of investing its another asset class within your retirement program)


Tl:Dr: treat bitcoin like any other investment, don't go all in.
 
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