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Bitcoin price discussion and analysis

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I don't think the bottom is in yet folks. If you frequent reddit, there's a lot of outrage directed towards Musk and many are of the opinion that bitcoin is now toast and other coins will rise - not saying that they're right but that's the perception and perception matters.

I'm not in crypto, but this instrument has absorbed so much cash I. E. Fiat, that it has started to affect other markets - did someone say contagion?

I'm watching this closely. Bitcoin is falling from all time highs, so is the DJI, and the NASDAQ and commodities (see lithium and rare earth prices, oil, iron ore).

This is part of a global, multi instrument trend - double top anyone? .. Meanwhile the eurozone officially entered a double dip recession overnight.

Hold on for the ride
 
If 42160 level isn't reclaimed she could be in trouble!

20k possibly? If so there will be some people a lot lighter in the wallets

1621406790959.png
 
Roller_1 said:
If 42160 level isn't reclaimed she could be in trouble!

20k possibly? If so there will be some people a lot lighter in the wallets

View attachment 124503
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I think it is already in trouble , its broke the 55124 key line of resist, Will now maybe look to test the next 44857 if that breaks we could test the next at 38085 lvl,
Though personally i hope it does reach the 38k lvl as it would indicate a sharp rebound, Good opportunity to accumulate more XRP / and other alt coins like ADA and dot
PLS DYOR
 

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Watching from the sidelines... Gotta admire the gusto when an instrument is in free fall and people are willing to catch it :woot::woot:
 
waterbottle said:
Watching from the sidelines... Gotta admire the gusto when an instrument is in free fall and people are willing to catch it :woot::woot:
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You could have made 100-150% return in six trades within a fortnight just buying riot after its big dips & flogging it literally the next day on its trip down.
 
over9k said:
You could have made 100-150% return in six trades within a fortnight just buying riot after its big dips & flogging it literally the next day on its trip down.
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Coulda, woulda, shoulda...

I've learned enough to recognise when I could screw up a trade and this would certainly be one of them :p
 
Garpal Gumnut said:
Can one short bitcoin?

How does one go about it if so.?

gg
Click to expand...

I've had a look,

Only method I have come up with without the counterparty risk are CME futures, huge margins required, mini futures are now available, I don't understand them enough to go anywhere near them. apparently CME options are also available .

I'm not sure how the futures are pegged to the bitcoin index, can't say I've really researched it, just find the whole phenomena interesting.
 
cutz said:
I've had a look,

Only method I come up with without the counterparty risk are CME futures, huge margins required, mini futures are now available, I don't understand them enough to go anywhere near them. apparently CME options are also available .

I'm not sure how the futures are pegged to the bitcoin index, can't say I've really researched it, just find the whole phenomena interesting.
Click to expand...
With the large retracement in BTC recently I just thought I would ask.

Like you I'm an observer. For now at these crazy prices.

I'm still not convinced it is as secure as @Dark1975 believes.

gg
 
Garpal Gumnut said:
I'm still not convinced it is as secure as @Dark1975 believes.
Click to expand...
Well I am not here to make you a believer! But The IMF sure do believe in block chain as there using ripple to test digital currencies on there platform over the past two years and are close to lauching this soon! Once this case is over with S.E.C , I'm sure you will remember the word " XRP". Though maybe check the IMF home page !
 
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Dark1975 said:
Well I am not here to make you a believer! But The IMF sure do believe in block chain as there using ripple to test digital currencies on there platform over the past two years and are close to lauching this soon! Once this case is over with S.E.C , I'm sure you will remember the world XRP. Though maybe check the IMF home page !
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I'm not saying the technology is not safe atm nor disbelieving you.

As an investor or trader you have obviously done well on btc, and good luck to you.

I just know that humans being humans someone or some people at this very moment with more skills at the internets than I are probably trying to work out a way of cracking blockchain for nefarious purposes.

And then Elon may forget to take his tablets one morning.

I'd only be able to pull out the plug.

gg
 
Dark1975 said:
Well I am not here to make you a believer! But The IMF sure do believe in block chain as there using ripple to test digital currencies on there platform over the past two years and are close to lauching this soon! Once this case is over with S.E.C , I'm sure you will remember the world XRP. Though maybe check the IMF home page !
Click to expand...
Speaking of the case and sec is there any hearings coming up in the near future?
 

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