Bitcoins - about to hit $5,000 per coin today!

[Army of One]

That's HUGE!

"1"

lol.Anyone who has followed crypto for 4 years or more has seen this play out many times before, and it is always fruitless.China tried countless times in 2017, until they realised it was a waste of time and if they didnt adapt to it then other countries would jump ahead of them with innovation.India tried before in 2018 but again it fizzled out.Any country that doesnt adopt and adapt will more than likely be left in the dust.You need to experience 1 full crypto market cycle before any of this starts to makes sense to you.The market is all based on emotion.

[gib]

https://www.google.com/amp/s/cointelegraph.com/news/bitcoin-s-biggest-mining-pool-may-be-behind-the-btc-price-drop-but-buyers-stepped-in/amp

Ah 1.2 Trillion over 4 days or so. Still very big selloff. Amazing how this was absorbed by the market so well. Has to be positive that such a massive whale has now unloaded and market ownership is broadened. Thanks for posting.

[Bindare_Dundat]

Ah 1.2 Trillion over 4 days or so. Still very big selloff. Amazing how this was absorbed by the market so well. Has to be positive that such a massive whale has now unloaded and market ownership is broadened. Thanks for posting.

Billion.

[gib]

lol.Anyone who has followed crypto for 4 years or more has seen this play out many times before, and it is always fruitless.China tried countless times in 2017, until they realised it was a waste of time and if they didnt adapt to it then other countries would jump ahead of them with innovation.India tried before in 2018 but again it fizzled out.Any country that doesnt adopt and adapt will more than likely be left in the dust.You need to experience 1 full crypto market cycle before any of this starts to makes sense to you.The market is all based on emotion.

If you look at the cycle from the top starting with complacency etc, this is ESCATLY what Mr Anabolic went through on his journey. His "anger" phase lasted quite some time, but even that he got over. eventually.

[gib]

Billion.

Apologies - I stand corrected.

Yes 1.2 Billion. That is easily absorbed. Daily volume is usually over 100 B.

[Bindare_Dundat]

Apologies - I stand corrected.

Yes 1.2 Billion. That is easily absorbed. Daily volume is usually over 100 B.

But the sale and shorting, as well as retail selling could have contributed to the rally losing steam could it not?

Just want to verify if thats a possibility or not, or if it the price drop after the rally was something more."nefarious"

[Army of One]

But the sale and shorting, as well as retail selling could have contributed to the rally losing steam could it not?

Just want to verify if thats a possibility or not, or if it the price drop after the rally was something more."nefarious"

Unless you are a trader, and I dont think you are, then this daily, weekly even monthly stuff is all nonsense. Its fun to read about but dont let it clutter your mind. Literally just follow the stock to flow model and wait 2-4 years. Only hard decision you have to make is if you want to sell on the potential 2 year dump eoy 2021 to mid 2022, or hold and live with it until the halving in 2024 when prices go back up again. But many believe with institutional money now in, we may not see the dump. Just buy, hold and don't worry about it.Be thankful you didnt live through the previous 10 years where everyone worried if it would ever be accepted by the Institutions, that was the real worry of it failing, covid sped that up and over that huge ramp.

[Bindare_Dundat]

Unless you are a trader, and I dont think you are, then this daily, weekly even monthly stuff is all nonsense. Its fun to read about but dont let it clutter your mind. Literally just follow the stock to flow model and wait 2-4 years. Only hard decision you have to make is if you want to sell on the potential 2 year dump eoy 2021 to mid 2022, or hold and live with it until the halving in 2024 when prices go back up again. But many believe with institutional money now in, we may not see the dump. Just buy, hold and don't worry about it.Be thankful you didnt live through the previous 10 years where everyone worried if it would ever be accepted by the Institutions, that was the real worry of it failing, covid sped that up and over that huge ramp.

I'm just curious. I haven't bought or sold anything since my.last purchase but id like to get into trading more.

Micheal Saylor suggested no one should be trading BTC at all and laughs at anyone that does, so he shares your philosophy. 

By the way Elon Musk just came out and said he's late.to the party but he completly supports BTC

[Army of One]

I'm just curious. I haven't bought or sold anything since my.last purchase but id like to get into trading more.

Micheal Saylor suggested no one should be trading BTC at all and laughs at anyone that does, so he shares your philosophy. 

By the way Elon Musk just came out and said he's late.to the party but he completly supports BTC

if you must do something apart from buy and hold btc, skip the btc trading part theres a 97%+ chance you will lose all your money, thats a known statistic not out of my ass.Instead buy hyped alt coins early on in their cycle that have actual potential, its far easier to make sats/dollars this way.

[Bindare_Dundat]

if you must do something apart from buy and hold btc, skip the btc trading part theres a 97%+ chance you will lose all your money, thats a known statistic not out of my ass.Instead buy hyped alt coins early on in their cycle that have actual potential, its far easier to make sats/dollars this way.

Thanks. I saw all the pumping with certain coins like AVe, Chainlink, Cardero, etc.. but I thought they were way overbought. Do you suggest any?

[Bindare_Dundat]

Coinbase hit record high ranking in the App store. the FOMO lately has been insane.

[Mayday]

Trading you will need deep pockets to get anywhere plus high chance of losing it all as you will make so many transactions you won’t be right all the time.

Musk is one of the world’s biggest trolls. Worth 153B but he is too late to buy BTC......the biggest players were buying 1B worth in December yet he has missed the boat 4 weeks later, poor Elon lol.

I still think he is in some way involved in the creation of BTC or he is a crazy big holder of ETH. There is no way that dude isn’t involved in crypto up to his eyeballs. It’s the exact thing you would expect from him.

[Army of One]

Thanks. I saw all the pumping with certain coins like AVe, Chainlink, Cardero, etc.. but I thought they were way overbought. Do you suggest any?

api3, aka chainlink part 2.

[Mayday]

BTC starting to shoot back up as of this post.

It won’t amount to shit.

I’ll use game of thrones to help in my example.

Think of it like this, John Snow was leading of the rally up to it’s peak and he got killed in battle. Next attempt they sent Jamie Lannister and he got killed. Then greyworm. Then Arya. We are pretty much at the point where that fat kid who makes pies is the current leader to try another attempt to break resistance.

[Bindare_Dundat]

It won’t amount to shit.

I’ll use game of thrones to help in my example.

Think of it like this, John Snow was leading of the rally up to it’s peak and he got killed in battle. Next attempt they sent Jamie Lannister and he got killed. Then greyworm. Then Arya. We are pretty much at the point where that fat kid who makes pies is the current leader to try another attempt to break resistance.

But Arya was the one that killed the Night King. 

[Army of One]

It won’t amount to shit.

I’ll use game of thrones to help in my example.

Think of it like this, John Snow was leading of the rally up to it’s peak and he got killed in battle. Next attempt they sent Jamie Lannister and he got killed. Then greyworm. Then Arya. We are pretty much at the point where that fat kid who makes pies is the current leader to try another attempt to break resistance.

Cant look at the charts at the moment.I wouldnt be surprised if the amount of people in the west interested in stocks has doubled in the past few weeks after the gamestop move, they will all be looking for the next big thing, and btc is always the next big thing.These are not normal times where standard TA works a large percentage of the time.

[DooM_]

It won’t amount to shit.

I’ll use game of thrones to help in my example.

Think of it like this, John Snow was leading of the rally up to it’s peak and he got killed in battle. Next attempt they sent Jamie Lannister and he got killed. Then greyworm. Then Arya. We are pretty much at the point where that fat kid who makes pies is the current leader to try another attempt to break resistance.

 

[DooM_]

I think most people get it that you cannot "ban" an algorithm combined with a person's free thought. What you can try to do is ban it as an official currency. But even then, it becomes traded as a commodity. Further, India knows it is essential for it to embrace BTC if it wishes to continue its rise as a tech leader. Indian's have a strong cultural affinity with gold. For the new generation, they will gravitate to Bitcoin, especially when the see exampled of gold being stolen or confiscated or not able to take from India to overseas.

10 year prison sentence is heavy punishment , could scare some people off . . .

[Gitur]

Unless you are a trader, and I dont think you are, then this daily, weekly even monthly stuff is all nonsense. Its fun to read about but dont let it clutter your mind. Literally just follow the stock to flow model and wait 2-4 years. Only hard decision you have to make is if you want to sell on the potential 2 year dump eoy 2021 to mid 2022, or hold and live with it until the halving in 2024 when prices go back up again. But many believe with institutional money now in, we may not see the dump. Just buy, hold and don't worry about it.Be thankful you didnt live through the previous 10 years where everyone worried if it would ever be accepted by the Institutions, that was the real worry of it failing, covid sped that up and over that huge ramp.

Exactly, buy and hold. No point reading every article known to man and panicking on what to do next.

[SOMEPARTS]

Could an ISP or higher up network provider filter and identify the blockchain associated with a crypto and block access?

[Bindare_Dundat]

F2 mining responded and said the amount of coin they sold during the time in question, (musk tweet), only represents 10% of their bitcoin holdings. They've been holding to their bitcoin for about a decade.

F2 mining is CHINESE and one of the larger mining  pools .

[Griffith]

F2 mining responded and said the amount of coin they sold during the time in question, (musk tweet), only represents 10% of their bitcoin holdings. They've been holding to their bitcoin for about a decade.

F2 mining is CHINESE and one of the larger mining  pools .


Sorry, this all I need to know. I'm done.

Your're done with Bitcoin?

[Bindare_Dundat]

Your're done with Bitcoin?

lol no , my error with the clipboard

Just watching alot of crypto channels losing their shit over this. and I dont think anyone really knows wth is going on regarding this particular story.

[Mayday]

Cant look at the charts at the moment.I wouldnt be surprised if the amount of people in the west interested in stocks has doubled in the past few weeks after the gamestop move, they will all be looking for the next big thing, and btc is always the next big thing.These are not normal times where standard TA works a large percentage of the time.

My initial model was done without TA and I set my bias accordingly.

The vast majority skipped that step and now are failing because TA is somewhat erratic to them.

Even you have become scared of missing out on the next ramp because 5 shares out of a million were played with.

BTC already had the messiah of influencers show a sign and it got nuked. Who are you suggesting can be more influential than Elon to overcome the nukes the other night?

[Army of One]

lol no , my error with the clipboard

Just watching alot of crypto channels losing their shit over this. and I dont think anyone really knows wth is going on regarding this particular story.

One thing that is pretty frightening however  is how many miners are from China.

people lose their shit over some FUD in crypto every week, most people have paper thin hands and cant handle greater than 10% drops.