Bitcoin Thread

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John Tempus

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Dump looks bad but if we can stay above 8000 during the huge sell off cycle, popping back up and over 10k going to be a breeze.
 
J

John Tempus

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Anyone new to crypto or only buying and selling at perceived bottom or tops should take this yet again as a warning.

If you ever see random millionaire/billionaire investors suddenly commenting on buying bitcoin then the odds are just going back the last 8-10 years that bitcoin just reached a temporary ceiling and the inverse also is true that when they go out in full force and call it a scam/bad investment/whatever silly term then its likely bitcoin is either at the floor-midway-or start of next bull run.

If you dont want to deal with technicals or observe crap every day then just considering those 2 angles, so far you would be up over the last 8-10years if you simply followed these 2 angles no matter if you have a clue about trading or not.
 
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Snyper564

Snyper564

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John Tempus said:
Anyone new to crypto or only buying and selling at perceived bottom or tops should take this yet again as a warning.

If you ever see random millionaire/billionaire investors suddenly commenting on buying bitcoin then the odds are just going back the last 8-10 years that bitcoin just reached a temporary ceiling and the inverse also is true that when they go out in full force and call it a scam/bad investment/whatever silly term then its likely bitcoin is either at the floor-midway-or start of next bull run.

If you dont want to deal with technicals or observe crap every day then just considering those 2 angles, so far you would be up over the last 8-10years if you simply followed these 2 angles no matter if you have a clue about trading or not.
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Well put there is Def money to be made here. But hype is what affects the btc price more than anything. Add covid, ppl wanting to make a quick buck, world in lockdown and the halving and you have the perfect storm. If you know what you doing loads of money to be made. But I repeat again what I have been saying the whole time btc is not an investment. It's insanely volatile. As much as it could go up it could go down.
Don't touch this or put in more than you willing to lose. Anyone who tells you otherwise is just lying.

All I can say is many people are going to have a bad day. If this doesn't recover by tomorrow it might be at this level for a while
 
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4cer

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Any form of small buying pushes the price up very quickly though, we are definitely prepping for a big move, which way is the question :)
 
Swa

Swa

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Think we will go up by tonight or tomorrow then down. Else if it stays in this range after the halving it's just down.
 
Thor

Thor

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Bubble was the year after the halving the previous two times
 
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