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Bitcoin price discussion and analysis

Last leg down was in 2 movements on the 24hr time frame , first retraction was 54.5 down to 40k on first leg
Therefore 14.5/54 = 26% retraction followed by a second retraction to 38k 3 days later before it proceeds to new heights,
Will this last retraction follow suit !
It went from 75k down 58ish = 17/75 = 22% retraction , could possibly play out to second leg down before we test new heights?
Well I'm only 9% in holding , 91% cash ,
My bet is another retraction, tho i could be totally wrong ?
Either way I can plan moving forward to another plan after 3-4 days if this doesn't eventuate
Pls note : this is purely speculation, and not any financial advice ,
Pls DYOR
P.S: Sorry for the bad attachment , was edited on my smart phone (rushed)
yeah really dk ... i'm guessing will go further down before making a new high. might oscillate some though first
 
I’m interested in putting a small position for long term hold, what platforms are you guys using?
Swyftx 0.4% spreads, best in current aussie exchanges / compared to coinspot which us roughly 1.4% spread, If you are looking longterm investment , probaly look at cold storage wallets ( titanium) ?
 
Btcmarket :happy with them, australian
the charting software looks good with the candles and volume (i like that)

that nano thing you got seems good, but one has be careful they don't find and use any existing preprogrammed seed phrase... but it should be okay. i suppose i would just send a little into it and then back out of it to make sure it works both ways. then send in pieces . and maybe send a little back out again :cautious:
 
Swyftx 0.4% spreads, best in current aussie exchanges / compared to coinspot which us roughly 1.4% spread, If you are looking longterm investment , probaly look at cold storage wallets ( titanium) ?
Coinspots a bit of a rip. Sure it was the first acct I could find back in the day.
 
Coinspots a bit of a rip. Sure it was the first acct I could find back in the day.
Yeah my first account was there too, then after realised how bad there spreads were.
Tho great platform that I still use to quickly gage all crypto,
 
the charting software looks good with the candles and volume (i like that)

that nano thing you got seems good, but one has be careful they don't find and use any existing preprogrammed seed phrase... but it should be okay. i suppose i would just send a little into it and then back out of it to make sure it works both ways. then send in pieces . and maybe send a little back out again :cautious:
I did that...worked, still a bit uneasy when a btc is now 73k..., Ok to play with a few k, but that starts being the price of a nice car...
 
Coinbase IPO, any thoughts on this?
One of the best IPO's coming , tho retail investors can't subscribe pre trading , we will have to wait till its launch date, getting launched differently this IPO as they went directly to SEC,
Short term , alot of retail investors will be gobbling this up initially expect 200% min going on past IPO's like snowflake,
Tho not sure of the prices as yet to be determined, there's speculation of $300 per share ,
For me personally I will not rush in on this due to the current time frames, and wait for the dust to settle before buying in, tho for me a long term hold, due to the future scene's of cypto will be massive, coinbase being one of the largest exchanges with low overheads and % on transactions, great company for the future
 
One of the best IPO's coming , tho retail investors can't subscribe pre trading , we will have to wait till its launch date, getting launched differently this IPO as they went directly to SEC,
Short term , alot of retail investors will be gobbling this up initially expect 200% min going on past IPO's like snowflake,
Tho not sure of the prices as yet to be determined, there's speculation of $300 per share ,
For me personally I will not rush in on this due to the current time frames, and wait for the dust to settle before buying in, tho for me a long term hold, due to the future scene's of cypto will be massive, coinbase being one of the largest exchanges with low overheads and % on transactions, great company for the future
Chamath’s tweets on this
 

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Chamath’s tweets on this
That's rich coming from him lol, cause he didn't get a piece of the pie, I think its smart move from coinbase, why do you need a broker to sell this company?
It sells it self, and coinbase will make more money than paying a middleman,
I agree with his logic, and I'm stoic , so i won't get upset with coinbase going direct.
Just accept its a smart business move, and I will wait ?
 
I did that...worked, still a bit uneasy when a btc is now 73k..., Ok to play with a few k, but that starts being the price of a nice car...
should add that your device would have some kind of "check seed phrase" feature, so you can check that your written backup of it is correct.
 
“It feels like we’re going to consolidate a little bit here in this $50,000 area, caught [between] $42,000 to $60,000 but then the next big leg is up to $100,000, and that wouldn’t surprise me at all if we crack a hundred by the end of the year.”
 
This is why retail investors always get rooted. Nobody talked about Bitcoin when it was $5000 last 2 years when it the price was relatively "low". Now that it's gone up 1000% in a matter of months and famous people are talking about it - apparently this is when all of us plebeians are supposed to buy. Lol.

Rich folks - secretly accumulates without saying anything
Poor folks - now buy high sell low!
 
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