Bitcoin Thread

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Anyone want to take a guess and tell us how deep this will go?
Is this only a short term correction before halving?
 
A3@MBB said:
Anyone want to take a guess and tell us how deep this will go?
Is this only a short term correction before halving?
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its anyones guess. likely short term correction more than anything if I had to guess

I will say what I have said before sub 20k usd will never happen again in our lifetime.
 
Worst case scenario that would still be a healthy correction and continuation would be a quick wick to $59K and and then quickly reclaim $63K. Bounce to resistance just below $69K, reevaluate and take some profits from the dip and see what happens next. Below $59K without a solid bounce will be a very bad sign that this could go lower and be a drawn out for a few weeks or more.
 
The fun will really start when the markets in the US open, as the BTC ETF's will determine how far we dump, or if we go up. The Grayscale ETF dumped $643 Million BTC yesterday, the biggest daily outflow yet. If they repeat that today things could get very messy.
 
Why has it taken me so long to join this thread and get skin in the game. Unlike the R/$ watching which I have always done, I can actually be a part of this speculating.

OK, back to the guys who know what they are talking about...
 
Wary GOM said:
Ready to top up or hoping for a further drop? A nice little dip.
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Hard to say really. Looks like there's a lot of open interest that could cause cascades and further drops. Worst case I reckon is around $43k or so, or where ETFs started. But I'm just DCA'ing as we go down. Mistake I've made in previous cycles is deploying too much cash too early. I'd rather miss out on the exact bottom and have a decent average thanks to DCA than trying to time the right dip. My 2 sats.
 
Praemon said:
Hard to say really. Looks like there's a lot of open interest that could cause cascades and further drops. Worst case I reckon is around $43k or so, or where ETFs started. But I'm just DCA'ing as we go down. Mistake I've made in previous cycles is deploying too much cash too early. I'd rather miss out on the exact bottom and have a decent average thanks to DCA than trying to time the right dip. My 2 sats.
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Yup. Me too.
 
FlashSA said:
Why has it taken me so long to join this thread and get skin in the game. Unlike the R/$ watching which I have always done, I can actually be a part of this speculating.

OK, back to the guys who know what they are talking about...
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The real fun was years ago when we were still mining ETH and BTC. Unfortunately with ESKOM prices that didn't last too long.
 
Dan C said:
The real fun was years ago when we were still mining ETH and BTC. Unfortunately with ESKOM prices that didn't last too long.
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nope the real fun was arb back in the day 10-30% in one round trippped loop :) less than 24 hours

Just to spell this out if you sent 100k in the morning you had 130k in the afternoon (these days are long gone tho)
 
The selling on this dips seems very calm and controlled. Bottoms after big dips are generally marked by a panic selloff liquidation cascade with high volume. So I don't think the bottom is in but I have deployed half my usdt this morning in case I'm wrong.

This seems way to easy compared to BTC's usual tricks. Need more suffering and fear.
 
Sensorei said:
The selling on this dips seems very calm and controlled. Bottoms after big dips are generally marked by a panic selloff liquidation cascade with high volume. So I don't think the bottom is in but I have deployed half my usdt this morning in case I'm wrong.

This seems way to easy compared to BTC's usual tricks. Need more suffering and fear.
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Ah the suffering and fear! With BTC over the last few days, there have been a couple of moves that went the wrong way and I watched with some anticipation of being stopped out on my CFD trades.
 
Wary GOM said:
Ah the suffering and fear! With BTC over the last few days, there have been a couple of moves that went the wrong way and I watched with some anticipation of being stopped out on my CFD trades.
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That's it! If this dip is similar to what happened right before the last few BTC cycle's halvings, then timing this opportunity right will be the most important trade entry on leverage that we could get in the next few years.

I had about 2 hours sleep both of the last 2 nights in anticipation of a big dump to $59K. There's no way I can sleep and just trust my buy orders and stop loss.

I ended up going half in at $61,700 at 5x leverage. The monthly open price bounced nicely so made sense. Got some alts at the same time. $SOL, $AR, $NEAR, $FTM, #SEI.

What alt coins is everyone loading up on?
 
Sensorei said:
That's it! If this dip is similar to what happened right before the last few BTC cycle's halvings, then timing this opportunity right will be the most important trade entry on leverage that we could get in the next few years.

I had about 2 hours sleep both of the last 2 nights in anticipation of a big dump to $59K. There's no way I can sleep and just trust my buy orders and stop loss.
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Know that feeling well!
Sensorei said:
I ended up going half in at $61,700 at 5x leverage. The monthly open price bounced nicely so made sense. Got some alts at the same time. $SOL, $AR, $NEAR, $FTM, #SEI.

What alt coins is everyone loading up on?
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None urgently. Watching $XRP, but I am only really interested in BTC and ETH.
 
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