Bitcoin Thread

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Snyper564 said:
Dude its one of the most unpredictable "investments/assets" it has just as much chance of going up or down. may as well go to your local casino and select black or red 50/50
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There's actually a view now that after the big institutional investors dumped it can go up and break $7k. We'll see if Bitcoin is truly a safe haven.
 
Swa said:
There's actually a view now that after the big institutional investors dumped it can go up and break $7k. We'll see if Bitcoin is truly a safe haven.
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Yeah read that as well. Interesting to see where it goes
 
Swa said:
There's actually a view now that after the big institutional investors dumped it can go up and break $7k. We'll see if Bitcoin is truly a safe haven.
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I do have a level of 7200 - bitcoin is cheeky like that so i wouldn't put it past it to try some funny shenanigans like that. But my bias is still to the downside

Screen Shot 2020-03-23 at 7.34.41 PM.png
 
Anyone else noticing how correlated the stonk and BTC markets are at the moment, especially GOLD and BTC.

Will the US stimulus only short term relief bounce with more downside expected?
 
Tjoker said:
Anyone else noticing how correlated the stonk and BTC markets are at the moment, especially GOLD and BTC.

Will the US stimulus only short term relief bounce with more downside expected?
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i'm hoping. will probably start when US citizens start dropping like flies and they have to go into full lockdown. trump will look like a fool of course.
 
Since most of the world seems to be going into lockdown within the same time frame I believe that the next 2-3 weeks will determine if the markets will recover sooner or crash further.

If the lockdown still show massive increases in cases the panic will likely become way worse than it was before lockdown and we will probably see the next phase of the market crash continuing.
 
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Interesting to see the high volume recently - most it's been in a while. Chart from coinbase.

volume.png
 
saor said:
Interesting to see the high volume recently - most it's been in a while. Chart from coinbase.

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Looks more like some sort of wash trading on coinbase chart, probably a syndicate on all exchanges in some part.

The fact the price barely moved with similar volume does not look good. If this is not wash trading then it just shows that there is way too much selling presser at a thin price point and will be extremely hard to get through it before a dump so just based on what Im seeing on your chart this looks bad for bitcoin price attempt to go much higher right now.
 
John Tempus said:
Looks more like some sort of wash trading on coinbase chart, probably a syndicate on all exchanges in some part.
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Yeah same thing on Binance (even higher numbers in 2020 than Dec '17) but I ignored it due to it being potentially due to the popularity / user increase at binance and chose an exchange with a more or less steady user base.
 
Either a big move up or down. Not really good info for anyone trying to get in but if it's up I can close some positions and if it's down gives me a chance to open some new one for an eventual big profit take. :)
 
Screen Shot 2020-04-06 at 8.24.19 PM.png

Still wanting this to dump - do or die moment - either we dump or sky rocket. next few hours to a day will perhaps be more telling.
 
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