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

[Bindare_Dundat]

Rumor has it that the U.S. Treasury is planning to charge several financial institutions for money laundering using cryptocurrencies. If this rumor holds true, it would explain the sudden crypto crash experienced by many of the top 10 Cryptocurrencies.

Truthfully looks like a great opportunity to not become overly emotional and instead capitalize by buying on the dip.

"1"

Exactly .

This news is bullshit.

Its like saying cops are planning to arrest those that do crime. Ok. And?


Volume dropping and BTC is kinda going sideways.

 Most likely continue this way till Monday when some institutions will suck everything back up.
This will be the last run in this bullmarket. I'll be taking profits on the way up this time in the final parabolic run till.next cycle.

[obsidian]

He gambled on a quick bounce and had a nice win

Lol that's less detail. Looking at the charts it dropped more than it went up. So how could anyone do well going long when the up movements were not as much. Also leveraged trading is dangerous - often times you are going to get rekked! So I need more details. What platform was used? How much are we talking here? I need autistic level details "been there done that"!

[obsidian]

Rumor has it that the U.S. Treasury is planning to charge several financial institutions for money laundering using cryptocurrencies. If this rumor holds true, it would explain the sudden crypto crash experienced by many of the top 10 Cryptocurrencies.

Truthfully looks like a great opportunity to not become overly emotional and instead capitalize by buying on the dip.

"1"

There was a significant Bitcoin hash rate drop after China experienced some planned power outages. This is one of the things that worries me about the heavy concentration of Bitcoin mining in China. If China one day decided to raid or shutdown all the BTC mining operations it would have a significant impact on the price of BTC.

https://www.nasdaq.com/articles/bitcoin-mining-hash-rate-drops-as-blackouts-instituted-in-china-2021-04-16

[obsidian]

In an asset class where Elon posts a picture of a dog and a coin goes 100% I somehow don’t think they’ll approve the ETFs.

Dogecoin is up more than any other crypto the past year including Theta and Terra. Looks like it did not need those ETFs. All it needed was a cute dog, catchy name and voila! Celebs and kids go crazy over it. These kids will be adults one day and that is what they will know and want. Elon's youngest kid is a toddler hodler lol! The only thing I regret is not selling Doge when it hit 44 cents only to buy back in at 30 cents. This was a lost opportunity to gain more Doge.

[obsidian]

[obsidian]

lol

[Bindare_Dundat]

Lol that's less detail. Looking at the charts it dropped more than it went up. So how could anyone do well going long when the up movements were not as much. Also leveraged trading is dangerous - often times you are going to get rekked! So I need more details. What platform was used? How much are we talking here? I need autistic level details "been there done that"!

He said it pretty clearly.  I have the charts open all day since I have nothing else to do during lockdown and I have alerts when the market drops a certain %. I saw things crashing in real time and said to myself, if this stays around 50k like the last dump,  I'll take a chance and call it A bottom. I took my funds out of usdt on bybit and went long with 25x leverage. I rode it to just around 55.4k and got out. I entered at just above 53k

I went back in with much less leverage again, this time 11.5x and rode the run up to the 56 area top and got out again by sheer luck admittedly.  Just felt like I was pushing my luck too much and had my finger hovering over the mouse to exit at the first sign of a red candle on the 5min

Sometimes a trade just works out with the timing/luck.

[Bindare_Dundat]

lol

What an idiot.

[Theoak*]

Rumor has it that the U.S. Treasury is planning to charge several financial institutions for money laundering using cryptocurrencies. If this rumor holds true, it would explain the sudden crypto crash experienced by many of the top 10 Cryptocurrencies.

Truthfully looks like a great opportunity to not become overly emotional and instead capitalize by buying on the dip.

"1"

The Bitcoin Hash Rate is down 40% today, as a result of the Xinjiang blackout.  Almost half network went down. Price and hash rate have always been correlated. Same instance in November 2017.

[obsidian]

He said it pretty clearly.  I have the charts open all day since I have nothing else to do during lockdown and I have alerts when the market drops a certain %. I saw things crashing in real time and said to myself, if this stays around 50k like the last dump,  I'll take a chance and call it A bottom. I took my funds out of usdt on bybit and went long with 25x leverage. I rode it to just around 55.4k and got out. I entered at just above 53k

I went back in with much less leverage again, this time 11.5x and rode the run up to the 56 area top and got out again by sheer luck admittedly.  Just felt like I was pushing my luck too much and had my finger hovering over the mouse to exit at the first sign of a red candle on the 5min

Sometimes a trade just works out with the timing/luck.

If you lost that bet would you have had to pony up 25x what you bet? For example let's say you put down 0.1 BTC on your 25x leverage trade and the Price of BTC went down to say 45K would you owe 2.5 BTC?

Also what's to prevent someone from doing leveraged long and short trades on separate platforms simultaneously? I guess the win will cancel out the loss and you don't make anything off it other than paying fees?

[obsidian]

The Bitcoin Hash Rate is down 40% today, as a result of the Xinjiang blackout.  Almost half network went down. Price and hash rate have always been correlated. Same instance in November 2017.

If this happened to Ethereum it would be great for my mining farm so long as I don't also lose the power. The lower the overall hash rate the bigger my ETH payouts would be. As it is it's been going down steadily as the hash rate has increased.

[obsidian]

What an idiot.

But that's a fact. Someone that put down $10,000 - $20,000 on Doge a year ago has over $1 million now. Bevo for example.

Doge is also one of the oldest cryptocurrencies around and was released in late 2013. It is still here.

[Bindare_Dundat]

If you lost that bet would you have had to pony up 25x what you bet? For example let's say you put down 0.1 BTC on your 25x leverage trade and the Price of BTC went down to say 45K would you owe 2.5 BTC?

Also what's to prevent someone from doing leveraged long and short trades on separate platforms simultaneously? I guess the win will cancel out the loss and you don't make anything off it other than paying fees?

My funds would  be liquidated without a stop loss. Losses and gains are amplified with leverage but I never have to pay more than  what I put in. However the possibility of losing it all becomes greater as the higher the leverage the closer the liquidation target is to my entry position. In a volatile market some crazy wicks can end it all pretty quick and 'poof' the money is gone.

You can have 2 separate accounts and  go long on one and short on the other in case things reverse during your trade. One would be a lower leveraged short and the other a higher leveraged long. The short would absorb some losses you're incurring if the market reverses on your long position.

Just depends whats going on at the moment. I hope that helps. I know my explanation is kinda shhitty cause I hate typing and am still awake and a zombie right now. Haven't really slept lol

[Bindare_Dundat]

But that's a fact. Someone that put down $10,000 - $20,000 on Doge a year ago has over $1 million now. Bevo for example.

Doge is also one of the oldest cryptocurrencies around and was released in late 2013. It is still here.

I understand the gains but I just hate the coin cause it has nothing going for it fundamentally. I think its poison for crypto and makes the space look clownish. Itll end up hurting the space more than helping.

[El Diablo Blanco]

Wonder if Musk will let me buy a Tesla with Doge 

[Mayday]

65k was the peak of the bull market.

Alt pump is the final move and then bear market for a while.

Who is selling?

[Thin Lizzy]

Looks like a lot of late to the dance Bitcoin buyers are gonna wake up with a sore asshole tomorrow:


Bitcoin suffers flash crash following week of crypto hype - CNN

https://www.cnn.com/2021/04/18/business/bitcoin-sharp-fall/index.html

65k was the peak of the bull market.

Alt pump is the final move and then bear market for a while.

Who is selling?

This is a classic scenario where people get burned. They buy at the top. The price goes down. They average down. And the price continues to go down.

[Bindare_Dundat]

65k was the peak of the bull market.

Alt pump is the final move and then bear market for a while.

Who is selling?

We haven't even hit the parabolic stage yet. Its coming. Then it'll be time to get the hell out. DURING that climb.

ChainLINK killing it outta the dump.
VET(vechain) which i mentioned a short while back has more than doubled and is already back near ATH. Great buy opportunity still imo. Will double from here again I believe.
SXP climbing back into the buyzone.
CHZ also a good buy right now.
THETA also in the buy zone.
WiNK has been in the accumulating phase for some time. It should be exploding soon hopefully.


If BTC can get passed 58.6k without spending much time in that area we will have the last run of this cycle. . If we don't hit that target this week or we have another dump , this may run outta steam and the bears will dominate.

Let's see.

[Bindare_Dundat]

Looks like a lot of late to the dance Bitcoin buyers are gonna wake up with a sore asshole tomorrow:


Bitcoin suffers flash crash following week of crypto hype - CNN

https://www.cnn.com/2021/04/18/business/bitcoin-sharp-fall/index.html



This is a classic scenario where people get burned. They buy at the top. The price goes down. They average down. And the price continues to go down.

All they need to do is avoid selling and they will be fine.

[Theoak*]

We haven't even hit the parabolic stage yet. Its coming. Then it'll be time to get the hell out. DURING that climb.

ChainLINK killing it outta the dump.
VET(vechain) which i mentioned a short while back is already near ath. Great buy opportunity still imo. Will double from here i believe.
SXP climbing back into the buyzone.
CHZ also a good buy right now.
THETA also in the buy zone.


If BTC can get passed 58.6k without spending much time in that area we will have the last run. Thats the one I think will be the end. If we don't hit that target this week or we have another dump , this may run outta steam and the bears will dominate.

Let's see.

I think Mayday is trolling us with that post.

[Bindare_Dundat]

I think Mayday is trolling us with that post.

Yeah, I got that feeling. Just saying for those that think this is the end.

[Theoak*]

Price floor 48.7k last week and dumped to 51.2k. Shows that floor level holds strong.

Coins all last week were still being pulled from exchanges, price floor goes up, pressure increases on spot price.

Apparently the sell off was due to coin base C-level team announcing a dump of all their shares..... yeah, to buy Bitcoin which would outperform the shares lol.

Coinbase just released 10s billions of dirty fiat into longtime hodling btc enthusiasts and maximilists.  Wont be long now, probably  keeping it low key to snap up cheap coins.

Mentioned this a few days ago.

[gib]

I understand the gains but I just hate the coin cause it has nothing going for it fundamentally. I think its poison for crypto and makes the space look clownish. Itll end up hurting the space more than helping.

Agree.

There will be an eventual shakeout and all these joke alts will disappear. Happens every cycle...

[Mayday]

How does one know this isn’t the top?

Because every bull market in history ended in a strong parabolic move?

In peak 2017 People were overjoyed on social media at the 20% pullback at peak for the amazing buying opportunity posting ‘next stop, the moon’. 

Yesterday people were overjoyed on social media at the 20% pullback at peak for the amazing buying opportunity posting ‘you know what comes next’.

1.8B in liquidations in 1hr but everyone is certain it’s going up so fuck it, YOLO in again and we see 9B in total liquidations in 24hrs......

I’m just saying....... 

[gib]

I reckon this was a simply "spread fake news during the weekend" scam. Very easy to do, and not a single regulator working in the weekend to confirm/deny/clarify. Nor a single representative to defend BTC (as its decentralized).

So, someone picked up a huge windfall on a 10%+ panic sell-off. Bravo to the syndicate who pulled this off. And lesson learned (I hope) by those who panic sold...

One very obvious sign of the fake news of "Treasury is suing various exchanges" is that the Treasury does not sue. If anything it would be SEC regulators or perhaps the Commodity Futures Trading Commission.