Bitcoin Thread

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Will likely get a relief rally off the 200SMA. Whether it holds is the difference between staying in or considering getting out and buying lower lows.

I'm just riding it out i think. It's simply too unpredictable with the current amount of seemingly coordinated FUD by Big Media.

Elon sold a handful of cars using BTC anyway. It shouldn't even make a dent in the total market cap. So why now?

Why all the talk of increased crypto taxes and regulation? Why did Turkey force one of their crypto exchanges to close down and run away with everyone's money? Why did Binance come under fire by regulators last week for suspicious transactions? Why now?

Why did China decide to reiterate their position on banning Bitcoin for the 15th time? This is old news already. But why bring it up again now?

There is a big, dirty game going on and they're all in on it. Suppress the market until most of Wall Street can sink their rusty hooks into it. Then the minions can fight for their scraps.

Either way, I'm taking some salary scraps this month and buying some BTC.
 
NarrowBandFtw said:
we need the likes of @Snyper564 @Sensorei @Thor to post a disclaimer of it not being financial advice and then tell us when to buy BTC :sneaky:
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I got back into BTC at $39800 but only because it's for a long term hodl, and we could definitely go lower than $38K. Too much uncertainty. I am keeping half my USDT until we have more clarity on where the market is headed.
 
32, 28, 25, 20, and holy **** 12.... I don't see below the 28 though, a sub 30 wick will have so much fomo we'll hit 100 in a 1min candle :ROFL:
 
Sensorei said:
I'm winging it. Taken a fair amount of profit at at $2,00 and $2,50. I thought $matic would moon but wtf! Take some profits but definitely leave a fair portion long term.
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It's now close to 70% of my holdings
Feels good but also is also a bit concerning
 
humbledryer said:
It's now close to 70% of my holdings
Feels good but also is also a bit concerning
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Congrats the gains. Just be aware that if we do enter a bear market for a while and head to $28K then alts including $Matic will be hit much harder than $BTC until we hit the bottom and the market gains some confidence again. 70% is very risky. Things change very quickly. I would balance out that risk unless you have diamond hands to hodl no matter what.
 
Agree. Matic is over bought. Huge downside risk.

Edit: If I had any, i would've sold it already and would be waiting for a good BTC/ETH entry. But i don't have any
 
Sensorei said:
Congrats the gains. Just be aware that if we do enter a bear market for a while and head to $28K then alts including $Matic will be hit much harder than $BTC until we hit the bottom and the market gains some confidence again. 70% is very risky. Things change very quickly. I would balance out that risk unless you have diamond hands to hodl no matter what.
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What I don't get though is how if you look at Eth/Btc it seems that Eth is strengening relative to Btc. And as both Eth and Btc have dropped in $ value over the past couple of weeks, alts (DeFi bluechips, L2's etc) have done pretty well. Is it not possible that things are different this time around compared to 2017, especially with what seem like productive crypto assets?
 
Seems like ETH is falling faster than BTC to me

ETH at 2400 looks like a good buy
BTC at current levels looks like a good buy
BTC at 35k is possibly the opportunity of a lifetime.
Not financial advice. Lol
 
ETH is down 19.5% and BTC is down 13.2% over the last 24 hours as I type this.

Things will not be different if BTC crashes low.

Polygon's success is heavily reliant on Ethereum so if this drags out and $Eth goes down hard, then $Matic will too once the euphoria from this ATH wears off.
 
PseuDohNom said:
Seems like ETH is falling faster than BTC to me

ETH at 2400 looks like a good buy
BTC at current levels looks like a good buy
BTC at 35k is possibly the opportunity of a lifetime.
Not financial advice. Lol
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Right now it is

Wow things move fast
 
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