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Bitcoin price discussion and analysis

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cointelegraph.com

Inflation winds stiffen as Bitcoin ballast on balance sheets proves its value

Firms with iconoclastic leaders, like Musk and Dorsey, “would be the most likely to take the plunge” and commit sizable cash balances to crypto.
cointelegraph.com cointelegraph.com
Elsewhere, Ark Investments commented in a company newsletter: “Microstrategy, Square, and now Tesla are showing public companies the way to add bitcoin as a legitimate alternative to cash on their balance sheets.”
 
A general post:
While subject to high volatility, cryptos are a pleasure to trade as:
They are available 24/7 on the narket and your SL are actually meaningfull with no weekend or end of session, etc to create jumps and cliffs
That continuity is a delight
 
being me , I probably managed to sell some BTC this morning at the low 56k AUD...the split order got some at 58k within less than a minute...if you need to get a low timing, just look at my sells :)
 
So Tesla sells bitcoins .. panic sets in short term.


Though really got to ask the question did Ellon really know that bitcoin used that much energy previously before he bought !

lol i doubt that with so many financial advisors telling him to sell btc cause after he announced that telsa was accepting bitcoin he was scared of the selloff from investors.....
And manipulation / pump and dump.
 

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Dark1975 said:
So Tesla sells bitcoins .. panic sets in short term.


Though really got to ask the question did Ellon really know that bitcoin used that much energy previously before he bought !

lol i doubt that with so many financial advisors telling him to sell btc cause after he announced that telsa was accepting bitcoin he was scared of the selloff from investors.....
And manipulation / pump and dump.
Click to expand...
I was just coming to post this. Expect armageddon tonight.
 
Lol.

And now he tells us he hasn't sold his holdings:

finance.yahoo.com

Bitcoin Steadies as Musk Says Tesla Hasn’t Sold From Holdings

(Bloomberg) -- Bitcoin steadied after Elon Musk said Tesla Inc. hasn’t sold from its holdings of the token, clarifying earlier comments that seemed to imply the electric vehicle maker may sell or has sold its stake.The largest digital currency was at $44,900 as of 7:21 a.m. in London on Monday...
finance.yahoo.com finance.yahoo.com
 
qldfrog said:
being me , I probably managed to sell some BTC this morning at the low 56k AUD...the split order got some at 58k within less than a minute...if you need to get a low timing, just look at my sells :)
Click to expand...
old school trade
https://s3.tradingview.com/snapshots/q/qKa9SIw8.png
the guideline is simple: break the neckline, fake breakdown, retake the neckline, retest that retake+impulsive bid structure=uber bull signal
 
Bitcoin, coinbase & riot blockchain since coinbase's IPO:

WWWWWWWWWW.jpg

They IPO'd right when bitcoin peaked. You couldn't have asked for worse timing.
 
uuu.jpg

Previous resistance about to become new support? We shall see.
 
qldfrog said:
Tongue in cheek Mr GG or you have some specific ideas on cryptos?
Click to expand...
As in Little Britain, yer but no but yer but ...

I do see, as many have commented, the opportunity for short to medium-short traders, but I have found the time invested in such trading to manage the ante is too much for me.

The question then arises, is bitcoin an investment. I don't believe so at these prices.

Then again, I said similar when it was a mere fraction of this price.

I would like to get my head around bc but again the time invested would detract from other pursuits and matters.

When one misses the boat does one berate oneself or decide to speak to the lady on the quay who smiles at you with an element of interest?

gg
 
Garpal Gumnut said:
As in Little Britain, yer but no but yer but ...

I do see, as many have commented, the opportunity for short to medium-short traders, but I have found the time invested in such trading to manage the ante is too much for me.

The question then arises, is bitcoin an investment. I don't believe so at these prices.

Then again, I said similar when it was a mere fraction of this price.

I would like to get my head around bc but again the time invested would detract from other pursuits and matters.

When one misses the boat does one berate oneself or decide to speak to the lady on the quay who smiles at you with an element of interest?

gg
Click to expand...
I see too big a risk with BTC gov conflict of interest;
I thought will keep one BTC just in case, got it but started selling 60% of this and just keep 0.4BTC just in case;
trade cryptos if I have time for hourly gain just because it is so easy to put buy sell and SL; in SL my SL were always crashed thru so not protecting anything;
I know that Peter2 and tech/a rely on SL as inherent part of their share trading and usually all good but I got personally so burnt by these I do not even use them anymore with shares.
But they are working as they should it seems with cryptos, or at least my crypto exchange..so my interest
so got a big profit from the BTC surge, cashed it and playing some of this with day trading
 
qldfrog said:
I see too big a risk with BTC gov conflict of interest;
I thought will keep one BTC just in case, got it but started selling 60% of this and just keep 0.4BTC just in case;
trade cryptos if I have time for hourly gain just because it is so easy to put buy sell and SL; in SL my SL were always crashed thru so not protecting anything;
I know that Peter2 and tech/a rely on SL as inherent part of their share trading and usually all good but I got personally so burnt by these I do not even use them anymore with shares.
But they are working as they should it seems with cryptos, or at least my crypto exchange..so my interest
so got a big profit from the BTC surge, cashed it and playing some of this with day trading
Click to expand...
in SL my SL were always crashed thru s
I meant in share trading..asx..
 
Re-charting Btc, still slightly still optimistic on the crypto atm, Though needing support from btc.

Still currently 75% of my portfolio is on the table still on alt coins - XRP /ada / Vet / xlm etc, etc and 25% in cash and active crypto trades with stop loss activated .

1. My Reasoning for this : I still see the bull run 2 - 3 months before topping due to -

a) current climate and current market cycle .. if anything i see sideway motion until fiscal policy changes ( due to low rates / excess money floating). Just see money going some where rather in saving at this current time.

b) the last cycle bull run in 2017 went parabolic , We haven't seen the same resemblance on the charting in the same way, Which concludes me to still see a run on alt coins.

Though in fact after seeing the U.S pipeline getting hacked by Russians -

1) As if this could happen with modern day security?
2) asking for 5million dollars after hijacking eastern sea board energy is like a joke ..might as well get DR.EVIL TO ASK FOR " 1 million dollars?

Though leads my to believe the U.S allowed this to happen ,To quickly move everything to blockchain technology !! Reset !

Anyways we need btc to climb a few resistances before i see a reinsurance as attached

This isn't financial advice . pls DYOR
 

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