-
Join the MyBroadband community
South Africa’s biggest forum. Discuss, discover, and connect with thousands of members.
-
Question of the Day: What's the most interesting small town you've visited in South Africa?
Bitcoin Thread
- Thread starter Dan C
- Start date
- Status
SaiyanZ
Executive Member
Just zoomed out a bit. Seems like there is some sort of average uptrend which the price revolves around. That green line got lots of hits in the past and recently.
Zoomed in, it's too in line to be coincidence:
Uptrend line is about 30% a year.
Zoomed in, it's too in line to be coincidence:
Uptrend line is about 30% a year.
John Tempus
Executive Member
- Joined
- Aug 8, 2017
- Messages
- 6,119
- Reaction score
- 5,625
Lets not fool ourselfs.
The most recent pump a few weeks ago was all due to China "embracing blockchain" and then the sudden tankarooni yesterday and still ongoing is directly after china stated "embracing blockchain, not bitcoin".
Market makers are playing tricks based on news and anything in between these 2 periods is simply noise, there is no real market direction for a couple of months now.
The most recent pump a few weeks ago was all due to China "embracing blockchain" and then the sudden tankarooni yesterday and still ongoing is directly after china stated "embracing blockchain, not bitcoin".
Market makers are playing tricks based on news and anything in between these 2 periods is simply noise, there is no real market direction for a couple of months now.
Tjoker
Expert Member
Check out the scam PUMP wicks before dump....
Source :
John Tempus
Executive Member
- Joined
- Aug 8, 2017
- Messages
- 6,119
- Reaction score
- 5,625
Zoom out further.. the same happened on the way up. Multiple "scamwick" dumps then pump higher.
It is just the nature of the beast but for sure the vast majority of trading in crypto space is just recycling and nipple twisting by the overlords.
It is just the nature of the beast but for sure the vast majority of trading in crypto space is just recycling and nipple twisting by the overlords.
SaiyanZ
Executive Member
Yeah the last month looks real nasty now. I'm still adding to longs for now after every $500 or so dump. Also going to buy more BTC on Luno if it falls further. Have some cash from past profits on there which I was going to withdraw soon but I can recycle it and get in again for cheap.
John Tempus
Executive Member
- Joined
- Aug 8, 2017
- Messages
- 6,119
- Reaction score
- 5,625
China, China... China.... all over again.
Most recent 40% pump -> Winnie The Poo from China comments about crypto but really just blockchain.
The last drops and today -> Winnie The Poo from China comments about jail sentences and illegal holding crypto.
I am really losing any faith in longterm future in BTC if mere comments coming out of China after 11 years is still controlling the crypto market more than ever.
No
LD50
Expert Member
- Joined
- Mar 25, 2019
- Messages
- 1,986
- Reaction score
- 625
SaiyanZ
Executive Member
Think he means they are in wallets that people can't access again due to them forgetting their private keys. This probably doesn't happen as much these days with BTC being much more valuable. A lot were lost in the past though.
Statistically, there are lost wallets - but the coins are not lost when mined no correlation. So your post is wrong, his post provides the context which makes it right.
No I mean up. It jumped too fast so I couldn't get back in.
SaiyanZ
Executive Member
I also missed out on adding more at $6800. These days I use stop losses to open (and close) positions so that I don't get in or out too early and make the most of a big move.
When the price dropped below $6800 I had my stop loss ready to trigger if it bounced back to $6800.5. However it dropped below $6750 for a bit so I canceled and changed my stop loss to trigger if the price was above $6750.5 like I usually do (drop my entry by $50 increments). In the few seconds between canceling and trying to place a lower stop loss, it had already bounced back above $6800 so I missed everything.
When the price dropped below $6800 I had my stop loss ready to trigger if it bounced back to $6800.5. However it dropped below $6750 for a bit so I canceled and changed my stop loss to trigger if the price was above $6750.5 like I usually do (drop my entry by $50 increments). In the few seconds between canceling and trying to place a lower stop loss, it had already bounced back above $6800 so I missed everything.
- Status