Bitcoin Thread

Status
Not open for further replies.
Krypt0n1te said:
Ok guys, monthly downtrend clearly broken. We'll most likely see a retest of the support line at around R95k to R96k. If support hold I'm getting bullish. If support fail we are back in the channel and R40k is very probable.
Since the down channel is so severe these levels change on a daily base.
Cheers!

Edit: I didn't mention upside... Think R125k is on the cards, if we break that we are going to R149k.
Click to expand...

Sweet Jesus, if it goes back to R50k or lower then I'm selling all my internal organs to buy more crypto. I can then afford to replace them and be an android :D
 
A bot is out of control on Luno. Selling non stop whilst USD price is stable and we already too low. Lets see where it stops.
 
side ways movement is so last year.....

BTC needs to sober up and move the F*** on already....
 
*SynergyX* said:
side ways movement is so last year.....

BTC needs to sober up and move the F*** on already....
Click to expand...

"Markets is a mechanism to move money from the impatient, to the patient" - Warren Buffet

Don't be one of the impatient :)
 
*SynergyX* said:
side ways movement is so last year.....

BTC needs to sober up and move the F*** on already....
Click to expand...

Yesterday was the most boring trading day ever. Hardly any price movement. At least it is moving up today but it's also not really trade-able as yet because it settles too fast. Will just hold and enjoy the ride up watching the value grow. No need to do anything. It's easy to get left behind if trying to trade as it can start climbing at any moment.
 
SaiyanZ said:
Yesterday was the most boring trading day ever. Hardly any price movement. At least it is moving up today but it's also not really trade-able as yet because it settles too fast. Will just hold and enjoy the ride up watching the value grow. No need to do anything. It's easy to get left behind if trying to trade as it can start climbing at any moment.
Click to expand...

Yap I also took a day off from trading yesterday, it was too frustrating.
 
Question:

What happens when a coin reaches 0 volume, for example right now on Atlcointrader there are about 60 bitcoins available, so what happens if they all get bought? What’s the effect of that
 
epah said:
Question:

What happens when a coin reaches 0 volume, for example right now on Atlcointrader there are about 60 bitcoins available, so what happens if they all get bought? What’s the effect of that
Click to expand...

Nothing really. Supply/demand. If there are no 'sellers', buyers will keep putting in orders outbidding each other pushing price up until someone decides it worth it to sell, and visaversa, no buyers, sellers outbid eachother and push it down until 'cheap' enough for someone to buy... that said though, price is based on big exchanges so although may be a little higher or lower at some point, people won't be going nuts on a small exchange, they'll just buy it cheaper elsewhere
 
Temujin said:
Nothing really. Supply/demand. If there are no 'sellers', buyers will keep putting in orders outbidding each other pushing price up until someone decides it worth it to sell, and visaversa, no buyers, sellers outbid eachother and push it down until 'cheap' enough for someone to buy... that said though, price is based on big exchanges so although may be a little higher or lower at some point, people won't be going nuts on a small exchange, they'll just buy it cheaper elsewhere
Click to expand...

Makes perfect sense, thank you
 
Any alternative platforms for trading on Luno? Their graphs and lack of stop loss make me sad... Otherwise I am going to write my own..
 
kfc4unme said:
Any alternative platforms for trading on Luno? Their graphs and lack of stop loss make me sad... Otherwise I am going to write my own..
Click to expand...

Would you be comfortable trading BTC with USDT? USDT is developing a a reputation as a scam, that might collapse just like Bitconnect did. If so, then you can open a Binance account, etc.
 
Sly21C said:
Would you be comfortable trading BTC with USDT? USDT is developing a a reputation as a scam, that might collapse just like Bitconnect did. If so, then you can open a Binance account, etc.
Click to expand...
I think they mean platforms for Luno API integration with proper charts and orders.
 
Sly21C said:
Would you be comfortable trading BTC with USDT? USDT is developing a a reputation as a scam, that might collapse just like Bitconnect did. If so, then you can open a Binance account, etc.
Click to expand...
I suppose I could. Actually have a binance account, just need to play with it... Isn't there a new USD backed crypto coming it? That is more legit.
 
Status
Not open for further replies.
Back
Top
Sign up to the MyBroadband newsletter
X