General cryptocurrency market discussion

[over9k]

RIOT has been like trying to catch a falling knife over the last month:



It has not been a buy the dip, it's been a buy the plummet, flog on the rebound, and then wait for the next plummet five times and counting now.

If it runs tonight, that'll make it 6.

 

[over9k]

aaaaaand today makes it six:



It even opened well into the red. Amazing.

 

[peter2]

re. RIOT chart. The sixth rally has got something that's not there in the prior five rallies. A higher low.

 

[over9k]

Yes, I agree that we might have found a bottom peter. As for what it will do from said bottom is another question though. It's literally been on one day flips so we'll see what happens tomorrow.

It does look like it might (might) have found a new resistance level though:



As for support, that's a whole 'nother question entirely.

If it follows a wedge pattern from here, this is how it will look:



But I think it pretty obvious that I don't trust any part of this with this thing.

 

[ducati916]

re. RIOT chart. The sixth rally has got something that's not there in the prior five rallies. A higher low.

Re. RIOT, I would argue simply short covering and an entry point for new short positions. The price structure is badly broken atm. I would argue next stop $17.

jog on
duc

 

[Garpal Gumnut]

Another aspect of crypto that worries me is that it is stored on computers or in the cloud. Could it be subject to a massive attack by Hackers ?

Also my old friend John Quiggin just posted this on the internets on a site called Twitter.





So if the bad guys and the good guys gang up on you, where do you go?

gg

 

[Dark1975]

Another aspect of crypto that worries me is that it is stored on computers or in the cloud. Could it be subject to a massive attack by Hackers ?

Also my old friend John Quiggin just posted this on the internets on a site called Twitter. View attachment 124499





So if the bad guys and the good guys gang up on you, where do you go?

gg

You might want to research before you post bad info !!
Blockchain was created for better security, And that's why the future is blockchain ..
In short it was created to secure networks while decentralised and transparent.. the mathematical formula is quiet outstanding !!

 

[over9k]

Ok guys I reckon I'll buy a couple grand worth of riot today & see if I can flog it same day just for S&G's. I'll post results. Expect hilarity to ensue.

 

[over9k]

Simple example of contagion, check this correlation out:



Going by eye, probably around 0.8 TSLA and 2.0 RIOT.

 

[waterbottle]

Simple example of contagion, check this correlation out:

View attachment 124524

Going by eye, probably around 0.8 TSLA and 2.0 RIOT.

The contagion risk isn't to other coins... It's to equities, commodities, futures etc.... 20% of 1.7T just got wiped in 24hrs holeeeeeee f.......

 

[over9k]

I was just trying to show gumnut a couple of simple examples waterbottle

 

[Trendnomics]

??????

 

[waterbottle]

I was just trying to show gumnut a couple of simple examples waterbottle

Please play safe, there will be slot of people who will be in a bad mental state once this settles. Also, post your day trades

 

[waterbottle]

Coinmarketcap is down. Reports that coinbase, Gemini and crypto.com are also down. Smells like trouble...

 

[qldfrog]

Please play safe, there will be slot of people who will be in a bad mental state once this settles. Also, post your day trades

Just checked today all cash .had a last conditional buy then sell trigerred yesterday on xrp but out nicely
All good.i kept a bit of btc and do not intend to sell or trade it

 

[Joules MM1]

BTO at 30k btc/xbt

Chart Image

www.tradingview.com

ticked a lot of boxes for a low (AxC at 161.8%) and tipped the H&S shoulders 100% level
whales gulping

 

[qldfrog]

Coinmarketcap is down. Reports that coinbase, Gemini and crypto.com are also down. Smells like trouble...

Hum equivalent to a bank rush maybe

 

[moXJO]

Too much bad news in one week. I missed out on a quick trade on SOL. Hopefully everything pumps down and can assess some baggers.

Can we call this the "Elon Crash of 21".
That grifter douche annoys me

 

[waterbottle]

Perfect example of irrational exuberance and tulip mania

 

[Trendnomics]

Too much bad news in one week. I missed out on a quick trade on SOL. Hopefully everything pumps down and can assess some baggers.

Can we call this the "Elon Crash of 21".
That grifter douche annoys me

If a couple of tweets from one man, can derail the decentralized currency of the future, then perhaps....................