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Bitcoin price discussion and analysis

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againsthegrain said:
Very impressive, I am just a ant in your shadow. No cardano?
Click to expand...
I have cardano on my longterm trading account ?
This is a day trading account, As you can see btc losing ground and eth and bnb taking some of btc's market cap.
Hopefully good news for xrp on tomorrow 's court case!
Cause i see Xrp breaking out to 2.50ish ,
Out from office , so the tech is crude ?
 

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Dark1975 said:
I have cardano on my longterm trading account ?
This is a day trading account, As you can see btc losing ground and eth and bnb taking some of btc's market cap.
Hopefully good news for xrp on tomorrow 's court case!
Cause i see Xrp breaking out to 2.50ish ,
Out from office , so the tech is crude ?
Click to expand...

I see, I have xrp in a cold wallet and ada for some trading fun on swyftx opposite scenario.

Yes I see what you are getting at, good time to be in alts, I also don't hold any btc
 
Dark1975 said:
I trade with a plan,
And being right can be no guarantee! No crystal ball sorry!
Only a salesman would do that.
I trade with my plan , with stop loss in place and have alot invested as attached.
We will see how this plays out!
Pls this is not finacial advice and lls DYOR
Click to expand...
that's a lot of money at the merci of the US fed bank making these illegal..and I feel daring playing with one BTC...
 
Dark1975 said:
I have cardano on my longterm trading account ?
This is a day trading account, As you can see btc losing ground and eth and bnb taking some of btc's market cap.
Hopefully good news for xrp on tomorrow 's court case!
Cause i see Xrp breaking out to 2.50ish ,
Out from office , so the tech is
Click to expand...

qldfrog said:
that's a lot of money at the merci of the US fed bank making these illegal..and I feel daring playing with one BTC...
Click to expand...
Not really Xrp is 80% , nothing to do with u.s !
you can't actually buy xrp if u are in the States unless u go to uphold .
Due to the case with ripple vs Sec ,
Tho I've invested in ripple as its been tested with the IMF / back testing future currencies.
The U.s with tax implications in the future for btc will harm the market.
Tho in the large scale of things, 2 trillion market cap!
And stop block chain technology is like trying to stop the Internet in the early 1990's .
You see behind the curtain , Gary gensler chairman just put in place @ SEC was a M.I.T professor for blockchain technology.
You see the big picture is digital currencies soon . The u.s is clearing and clarifying laws for the go forward in crypto I belive .
Block chain will be massive in 10years , atm its only retail, slowly as institutions adopt it will gather momentum
 
qldfrog said:
that's a lot of money at the merci of the US fed bank making these illegal..and I feel daring playing with one BTC...
Click to expand...
Just curious mate, Do you think the U.s Can shutdown the crypto platform's ? Or do you mean holding btc illegal as they done with gold in 1933?
 
Dark1975 said:
Just curious mate, Do you think the U.s Can shutdown the crypto platform ? Or do you mean holding btc illegal as they done with gold in 1933?
Click to expand...
making crypto illegal is the way I see it, once they release their own fiat pseudo crypto..as gold
it obviously depends on how wealthy you are 300k might be just 10% of your wealth..I would not play more than 10% with crypto as i believe if s happens, they will all behave in a single way and potentially not even allow you to trade them
 
Dark1975 said:
1. And stop block chain technology is like trying to stop the Internet in the early 1990's .
2. You see behind the curtain , Gary gensler chairman just put in place @ SEC was a M.I.T professor for blockchain technology.
3. You see the big picture is digital currencies soon . The u.s is clearing and clarifying laws for the go forward in crypto I belive .
4. Block chain will be massive in 10years , atm its only retail, slowly as institutions adopt it will gather momentum
Click to expand...

1. I don't think that anyone (government) will seek to stop/inhibit the use of blockchain technology.

2/3. These 2 sit together. Without a doubt, all governments will move to digital currencies. Why would they not: it affords them even more control over us, the sheep, than the current system. Placing Mr Gensler in the SEC. however does not necessarily follow that that is for our benefit or the benefit of the current crop of cryptos. It will most likely be for the government coin, when it is released.

4. Blockchain may well be. Again, it does not follow that crypto currencies outside of the control of government will be. Government derives its power from the control of the money supply. It will never voluntarily give up that monopoly. Therefore, as Mr Frog suggests, declaring all cryptos other than the government dollar/pound/euro crypto currency illegal, is not an outrageous possibility. Allowing cryptos, other than a Central Bank crypto, would essentially lead to that loophole that breaks the monopoly. Look at the historical example of when gold was outlawed: did Corporations use gold? But also consider just how much more widespread gold actually was, it was actual money before fiat replaced it, essentially from the barrel of a gun.

The thing is that while individuals might flout the law and hold crypto illegally, could Corporations? The answer is no, not openly. The penalties if caught, would make most shy away. If the value of crypto is that Corporations will universally adopt it and it be accepted as a widespread payments system, then outlawing it will pretty much kill it. Most will go to zero. That is a pretty significant risk that can only be managed by "HOPE".


jog on
duc
 
qldfrog said:
making crypto illegal is the way I see it, once they release their own fiat pseudo crypto..as gold
it obviously depends on how wealthy you are 300k might be just 10% of your wealth..I would not play more than 10% with crypto as i believe if s happens, they will all behave in a single way and potentially not even allow you to trade them
Click to expand...
quite simply addressed ?

U.s Can't take down the protocol - blockchain technology as much as they can't take something they dont own! Fact

they can outlaw crypto in there country ? Well i guess they could, but highly improbable ( like stopping Americans shop on eBay)

i respect your opinion, tho i suggest you do some further research?

if you get a chance go to the Imf home page on digital currencies. And bypass mainsteam media

I leave you with some attachments to research and let you DYOR.

The future reset ? Differently future currencies
 

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Dark1975 said:
quite simply addressed ?

U.s Can't take down the protocol - blockchain technology as much as they can't take something they dont own! Fact

they can outlaw crypto in there country ? Well i guess they could, but highly improbable ( like stopping Americans shop on eBay)

i respect your opinion, tho i suggest you do some further research?

if you get a chance go to the Imf home page on digital currencies. And bypass mainsteam media

I leave you with some attachments to research and let you DYOR.

The future reset ? Differently future currencies
Click to expand...
I have nothing against crypto, got some btc eth, but the media and so gov storyline is crypto=fraud, tax evasion and risky speculators if not mafia underworld sex trafficking..you name it.
The Reset as per Davos needs to suppress physical money and definitively not allowing a non gov money.
So a lot of reasons and excuses to ban it.
I do not challenge the need, utility etc
But we are well past this in the west as oer CC, covid narrative.and we can not hope better from China who has already had some prohibition in place.
Not taking this risk into account would be lunacy in my opinion.
Risk management.
If i was 100pc certain it will happen, i would have sold my btc...
 
Dark1975 said:
The correction is over ,
please relate to 2017 charts,
This is simply a change from bitcoin domaince to altcoins,
Check the market cap
This happened in 2017
Btc will go sideways , pretty much consolidate and move like the stock market.
money will slowly move out of bitcoin for the shorterm and move to alt coins.
So my trading pattern is still bullish as I have heavily invested in alt coins.
So i see btc swinging slowly in between 65k -73k over the couple of months as alt coins will be the play now and then back to btc for its last stage of parabolic before everything blows up.
So i still think we have 3-4 months of this bull run to play out
Refer to market cap,
Market cap still growing tho btc giving up over 10% , this will continue, currently the flow of money moves out if btc and into alts coins
Click to expand...
Dark,

I know nothing about the fundementals of Cryptos. I will leave that to you. What I do know is Elliott Waves, pattern of trend of a price chart and my cycles analysis.
I mentioned some weeks back that price action had reached an extreme on the weekly chart firstly as shown by the Elliott Wave count which really was a textbook impulse completion, secondly on the weekly cycles chart which showed price action had exceeded the upper orange band ( 128 bar Centered Weighted MA) as well as the pink band ( 86 bar centered weighted MA). I know from experience when this happens on charts of any time frame and is accompanied by the FT Swing Cycles indicator which I developed crosses the upper 50 level and the lower cycles differential indicator 2 lines cross, then it's a very high probability will pull back to the rising lower blue line( 32 WCMA) at the very least, and that happens to be 44391 in USD terms. However given the degree of trend the correction will probably be deeper, 41680 or under.

You can see in both the weekly and daily charts below there is no buy signal as yet. We had a very hard leg down and price has bounced now, would not expect next leg down to start straight away, I think it will probably stuff around sideways for a while within the bounced range before the next leg down starts.
I never hold any bullish or bearish biases with anything or even look at the fundamentals, I just take price action and what the chart suggest at face value. Presently I hold no position as I took profits after the first leg down completed. Just looking to re position a sell if and when another sell is generated.

Weekly Chart currrently on a sell

weekly.jpg
Daily Chart, currently on a sell
daily.jpg
 
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I'm still confident about Bitcoin despite the rumours of a capital gains tax on cryptos in the states: That would on one the hand mean a reluctance to sell at all and on the other a scramble to unload before it happens. Either way, it looks to me to be an even bet on the outcome and also if it is implemented.
Fell very recently to under $52,000 though my personal guess is for $70,000 in the short term. Shares have been hit by rumours that they may be singled out for higher capital gains tax but that looks unlikely IMHO.​
 
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cointelegraph.com

Europe awaits implementation of regulatory framework for crypto assets

The EU’s ambitious regulatory proposal for crypto assets might become an example for other countries looking to regulate crypto.
cointelegraph.com cointelegraph.com
As with any regulatory proposal, MiCA is going through all the cogs of the EU legislative machine. This process will hopefully help to fine-tune MiCA provisions, remove frictions, address any issues and arrive at the most optimal regulation that meets the needs and expectations of all the stakeholders. After MiCA comes into force, there is still an 18-month delay in application of the regulation, except with regard to e-money tokens and asset-referenced tokens, to which the regulation will apply immediately.
 


April 30, 2021
ECB - European Central Bank
Digital Version of the Euro within 4 years.
 
I found a old link with amazon in 1999
It actually shows how pessimistic and bearish media were with amazon ,
Can find this in relationship now with media and institutional with btc

Ironic ? many people feel this way with blockchain technology
 

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