Bitcoin Thread

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there will be a fight (strong support) between 8.5 and 8.7

if we breach 8.5 with volume -- reconsider you hodling:sick:
 
Zulfi said:
really? sell if below 8.5?
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nah lol -- i cant be giving advice on this cause i play both sides -- hodl dont hodl its your choice-- if you in a loss already, hope that you put only what you can afford to lose.

go down with the ship i guess, selling has to stop at some point. (i think this point is when BTC is fully redistributed. i.e 100 odd people dont own 15mil of the 21mil coins in circulation) and more like 20mil ppl hold one coin each (just a theoretical example)
 
Zulfi said:
really? sell if below 8.5?
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Unless there is a massive drop and you can't wait it out I wouldn't. One thing I've learnt is never sell near the day's low or buy near the day's high. Remember there's loads of people who have been selling for the last few hours who will suddenly buy back in as soon as the price turns. The supply will usually be too low to get back in for cheaper for everyone that sold.
 
juicy action today ---> will the U S of A bounce this thing or capitulate it....
 
I see we have a double bottom at $8557 on Bitfinex in the last 2 hours. Touched and bounced very quickly from that point.
 
SaiyanZ said:
I see we have a double bottom at $8557 on Bitfinex in the last 2 hours. Touched and bounced very quickly from that point.
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larger bear flag at play...
bullish pattern withing a larger bearish one:whistle:

the real double bottom is at 6k -- if thats what plays out
 
gripen5221 said:
SEC hearing on crypto regulations happening now. Outcome of that might play a large role today.
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true in the short term --> longer term still down.

these 'buy the dippers' are just fighting the trend.... for what i have no idea.
 
price action is volatile yo-- > bulls defending 8700 hard...bears dumping just as hard at 8740-50
 
Easy to get rekt trying to trade now. Could spike like it did on Sunday when everyone thought it was going down.
 
*SynergyX* said:
shorts are also reaching November high levels.....

could see a quick move up to liquidate a bucket-- which will be shorted again ofcourse
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A song comes to mind at this support level....:whistle:
Let it go, let it go
Can't hold it back anymore
Let it go, let it go
Turn away and slam the door
I don't care what they're going to say....
 
Just checked the 24hr volume on Luno. Not even 600.
Towards end of last year it was constantly several k, often 4-5k.

Their revenue is taking a big dive along with BTC.
 
Mier said:
Just checked the 24hr volume on Luno. Not even 600.
Towards end of last year it was constantly several k, often 4-5k.

Their revenue is taking a big dive along with BTC.
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Did you think it will last?
 
biometrics said:
Did you think it will last?
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Just a fun fact. I couldn't care less.

If you're asking if I thought the BTC gravy train would keep giving, then no, I always expected it to end at some point. I freely admit that I use bitcoin purely speculatively. And while I mostly 'hodled' last year, I cashed out most of my profits long ago. The rest I keep mostly in fiat, trading only opportunistically.
 
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