Bitcoin Thread

[Swa]

which is exactly my point, the institutional talk has been nothing but talk for a long while, but as of a couple of months ago it is a simple, verifiable, fact that institutions have bought all the mined BTC available and then some

if the trend continues (again, 'if'), institutions will collectively hold enough BTC that whales mathematically cannot move the market like they used to anymore

Which is exactly my point, we've heard that all before then when sheet hits the fan institutions are nowhere to be seen and it's all whales.

And again, what institutions do means nothing if nobody wants to keep the prices up. Then all their BTC is worth dog sheet and they'll in fact get out quicker than they got in.

 

[NarrowBandFtw]

Which is exactly my point, we've heard that all before then when sheet hits the fan institutions are nowhere to be seen and it's all whales

yes, as I have been saying, we've heard it all before, BUT it is only in the past few months that is has actually been the truth

 

[Swa]

yes, as I have been saying, we've heard it all before, BUT it is only in the past few months that is has actually been the truth

Like all of the numerous times in the past.

 

[NarrowBandFtw]

Like all of the numerous times in the past.

I don't recall a single time in the past where it was accurate to state GBTC has bought all the mined BTC ... please enlighten us as to when that happened before?

 

[Sensorei]

I don't recall a single time in the past where it was accurate to state GBTC has bought all the mined BTC ... please enlighten us as to when that happened before?

Ignore him. You aren't going to get anywhere. You can't have a discussion with someone who isn't informed on the facts.

 

[callvm]

we're definitely overdue for a correction IMO, I'd be surprised if we hold 30k over this week

 

[saor]

we're definitely overdue for a correction IMO, I'd be surprised if we hold 30k over this week

Severe pullback to $20k.
Moderate pullback to $23500.
Light pullback to $27k.

Don't see it falling further than that.

 

[Barbarian Conan]

And down it goes.
It was still around R500k this morning, now:

 

[L-Dog]

Had a sell order at 435 000 on luno. Decent 40% return for the month, no reason to get greedy seems way to volatile

 

[saor]

Severe pullback to $20k.
Moderate pullback to $23500.
Light pullback to $27k.

Don't see it falling further than that.

 

[Willie Trombone]

Had a sell order at 435 000 on luno. Decent 40% return for the month, no reason to get greedy seems way to volatile

Agree. Good gains.

 

[duderoo]

Possible rebound

 

[supersunbird]

Severe pullback to $5k.
Moderate pullback to $15k.
Light pullback to $25k.

Don't see it falling further than that.

FTFY

 

[saor]

FTFY

I don't see any rationale for 5k other than someone picking a random super low number for the lols. Even $15k at this point it a bit of a stretch.

 

[duderoo]

Had a sell order at 435 000 on luno. Decent 40% return for the month, no reason to get greedy seems way to volatile

You jumping back in?

 

[Swa]

Severe pullback to $20k.
Moderate pullback to $23500.
Light pullback to $27k.

Don't see it falling further than that soon.

FTFY. Of course in Bitcoin terms soon is anything from a few hours to months.

I don't see any rationale for 5k other than someone picking a random super low number for the lols. Even $15k at this point it a bit of a stretch.

Bitcoin routinely revisits such lows.

 

[Sensorei]

Wait for a confirmation double bottom bounce. BTC rarely bounces and continues up without retesting support. It's obviously possible it goes up from here, but based on probability from BTC trends it's extremely risky to go in now. If we bounce again and get to $31,500 with volume then it's a buy for me.

 

[Matata]

on recommendation of @Snyper564 I will post this video here. It brings up some interesting points:

 

[L-Dog]

You jumping back in?

Bought a some ethereum but it's a bit of a gamble.. Happy with the gains so need to resist the temptation of wanting to much

 

[duderoo]

Bought a some ethereum but it's a bit of a gamble.. Happy with the gains so need to resist the temptation of wanting to much

I am up about 90% but I have bought EC10 via EasyEquities