Australian (ASX) Stock Market Forum

Bitcoin price discussion and analysis

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Stockybailz said:
Good to hear that Inflation is the probable cause of BTC fall from grace!
Click to expand...
I'll probably grab some btc but it needs a huge drop from here for me to be interested. Inflation has a habit of destroying wealth utterly. And it's just in reality a huge gamble that it might come back.

Bitcoin maxis are saying how they will keep buying under $20k till they possibly control the supply. Not sure how many sold enough coins to capitalise on their wealth at the top. One sydney maximum is going to sell his house to buy more.

If Inflation is here to stay for a while, then it's going to push everything down in waves. Then it's going to grind out hopes and dreams till all these "investors" have left to say is:
"Do you want fries with that".
 
moXJO said:
I'll probably grab some btc but it needs a huge drop from here for me to be interested. Inflation has a habit of destroying wealth utterly. And it's just in reality a huge gamble that it might come back.

Bitcoin maxis are saying how they will keep buying under $20k till they possibly control the supply. Not sure how many sold enough coins to capitalise on their wealth at the top. One sydney maximum is going to sell his house to buy more.

If Inflation is here to stay for a while, then it's going to push everything down in waves. Then it's going to grind out hopes and dreams till all these "investors" have left to say is:
"Do you want fries with that".
Click to expand...

They were kind of saying this when it fell to 80k then 70k 60k... now 30k buying the dip yo
 
Stockybailz said:
Kitco must be a good forecast for when the market opens on monday?
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I looked that up and I see the same thing BTC down the 1900's. Is that because it's still friday in the USA or were ever there getting that intel from. I'm confused didn't think it possible? Your got your self a cheat for when the market opens on monday. I'm shocked and can't wait for it! Quite a navigational system, must be the latest model.
 
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So the next query is checking out which financial institutions are exposed directly or indirectly to a collapsing bit coin.
Traders, people with leveraged positions, companies using bit coin as collateral..

All will be vulnerable when the tide goes out.
 
basilio said:
So the next query is checking out which financial institutions are exposed directly or indirectly to a collapsing bit coin.
Traders, people with leveraged positions, companies using bit coin as collateral..

All will be vulnerable when the tide goes out.
Click to expand...
Those financial institutions would be doing time, If they didn't quite when they were ahead? As a Trader I laugh at the situation and take it for granted. Anyone losing as a part of the BTC deal need their head examined! Just have to bring the ship in before the tide goes out. Sounds extreme, but its true!
 
Looking at that latest model forecast from Kitco...BTC tumbling further, another 1000 coin into the low 1800's. Amazing stuff,,,I notice the market according to Kitco still on the move and trading to day. Just had a push up to 1870 @ 17:30 hrs ( UTC - 4 )
 
Stockybailz said:
Looking at that latest model forecast from Kitco...BTC tumbling further, another 1000 coin into the low 1800's. Amazing stuff,,,I notice the market according to Kitco still on the move and trading to day. Just had a push up to 1870 @ 17:30 hrs ( UTC - 4 )
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Pissed off missed missed the beginning of BTC trading hours, got to pull me head out and try and get around, now tarding on my MT4.. I thought trading was Mon - Fri had no Idea about this! Please Explain, Are crypto's 24/7?

1655588866502.png
 
Stockybailz said:
Pissed off missed missed the beginning of BTC trading hours, got to pull me head out and try and get around, now tarding on my MT4.. I thought trading was Mon - Fri had no Idea about this! Please Explain, Are crypto's 24/7?
Click to expand...
View attachment 143042
I just don't get it! My MT4 wasn't processing last night when BTC fell further to the 1900's, but looked in on it this morning and there it was BTC in all it's glory down to the 1800's and just getting a leg up in resurgence. I definitely got to take this up with my Broker. A missed opportunity! BTC fighting back up to the 1900's...
 
moXJO said:
Crypto is 24/7
Click to expand...
Got a few words to say to my broker. I should of already known that, but had just come to my attention last night, when gg let the cat out of the bag. Announcing BTC was on the move. Brokers busted! Pitty there's always a political ***** *****-er out there, trying to rip the every day Joe Blow off...
Noticed BTC cash- BCH / USD is on the move. Sitting a bit prettier then BTC/USD But looking better for worse, also on the decline since, late march, looks to of ran into strife, hindering BTC/USD I would think if anything...

1655597591702.png
 
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BTC bouncing back, tough as nails up to 20689. I didn't think it had it in it, buying taking the opportunity to salvage some BTC respect! Look forward to buying the retrace down!

1655680382102.png
 
Stockybailz said:
BTC bouncing back, tough as nails up to 20689. I didn't think it had it in it, buying taking the opportunity to salvage some BTC respect! Look forward to buying the retrace down!

View attachment 143090
Click to expand...
With US market's closed tonight (i.e. Monday) think that there was less fear this weekend about jumping back into Bitcoin & Ethereum etc. & reason for the short term spike/rally over the weekend imo
 

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