The Bitcoin Thread

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So if you missed the boat yesterday - Luno has BTC for a sale price of R133k. Get it while it's hot.
 
Zulfi said:
View attachment 491457 i thought this was an indication of price going up?
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LOL! No, that is a depth chart. Shows the Order Book in visual format - just shows all the buy and sell orders and at which price point they are.

EDIT: Ah, ok, I guess you mean the tiny green buy wall there... Don't always trust the depth chart - takers can come in and totally spoil it :)
 
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Zulfi said:
i thought this was an indication of price going up?
Click to expand...

It will, just be patient... peeps have been waiting for their $8.5k btc since december already cos they're all sheep. Massive buy walls on the big exchanges, but many are going to lose out. Like this luno graph, many have place lower buy orders, as it hits sub 9k, ie $8xxx, there will be a huge buy up by whales and such, 100's of billions waiting patiently, odds are, majority of those waiting for the $8k will only get in above $10k+ in the fomo again by the time they cancel click click buy click click

Edit: I say +10k, but its going to be brutal... like sub $9k up to something like $15k in a matter of minutes

Just my opinion
 
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Sjo - the MACD on the 1 hour chart is just SCREAMING oversold.... I think when this thing jumps back, it's gonna be with a vengeance....
 
Temujin said:
It will, just be patient... peeps have been waiting for their $8.5k btc since december already cos they're all sheep. Massive buy walls on the big exchanges, but many are going to lose out. Like this luno graph, many have place lower buy orders, as it hits sub 9k, ie $8xxx, there will be a huge buy up by whales and such, 100's of billions waiting patiently, odds are, majority of those waiting for the $8k will only get in above $10k+ in the fomo again by the time they cancel click click buy click click

Just my opinion
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Im thinking HODL all the way thru to 8k .. im doing the right thing ? My average buy in is sitting around 150k..

So...

H O D L.. right?
 
I'll stay out of this run. A lot of people are selling to rebuy for lower. When the time comes to buy many are going to get left behind in the dust after the price jumps quickly from the buying surge.
 
SaiyanZ said:
I'll stay out of this run. A lot of people are selling to rebuy for lower. When the time comes to buy many are going to get left behind in the dust after the price jumps quickly from the buying surge.
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Jip, they wont be fast enough to put in orders and before they know it they are buying for more than what they sold for.
 
Zulfi said:
Im thinking HODL all the way thru to 8k .. im doing the right thing ? My average buy in is sitting around 150k..

So...

H O D L.. right?
Click to expand...

If you're not used to playing the exchanges and turning around quick buys and sells, I wouldn't touch it, you could quite easily lose 50% as quick as gaining 50%

But thats your decision, its all gamble, safest is to just hodl, people on luno for example here will tell you how quick these things happen, could drop to 50k over 3min and within 5-10 seconds be back on 150k, and you've just sold at 51k

But this is how I see this playing out, I may be completely wrong /shrug
 
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