Author Topic: Bitcoins - about to hit $5,000 per coin today!  (Read 1132352 times)

obsidian

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6000 on: April 23, 2021, 03:35:39 PM »
Bitboy just tweeted someone bought 1B.

Any ideas who that might be or is he talking sheeeeit?

Long wicks on these dumps so someone is buying it up hard.

I have the wick floor estimate at 45.6k but I can’t see a day close below a 48k price. Too much buying pressure right now.
Walmart?

https://marketrealist.com/p/walmart-buying-bitcoin/

obsidian

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6001 on: April 23, 2021, 03:38:01 PM »

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6002 on: April 23, 2021, 04:54:18 PM »
I'm gonna give it a bit.more.time and see how the momentum goes but I will be filling up.my bags more for sure if its positive.

I'm still on my long trade. Yoohoo

Take profits on the way up guys.

Eth still hasnt even broken its up trend yet. even after this dump. lol wow

Sold most of my bitcoin years ago so I'm not saying this out of hope, but I don't think bitcoins run is done. Could still reach 90 to 100k within the next few months. 

I do still have a fair bit of Ethereum, but even if that were to hit 5k soon I don't think I'll sell much. If Eth 2.0 works it could be "the one". Well has the most potential for that title. 

Theoak*

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6003 on: April 23, 2021, 05:04:22 PM »
I was considering selling 2-5% of my btc stash end of this year or possibly half my ltc and eth if blockfi lowers their interest rates on my savings account.

Now that's  out the window for years to come. I just got confirmation  that celsius gives out loans available in my region for 1%. Im about to obtain a 700k loan through  them using btc as collateral. Repeat the process as btc appreciates.  No taxes for me thank you.

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6004 on: April 23, 2021, 05:30:41 PM »

Now that's  out the window for years to come. I just got confirmation  that celsius gives out loans available in my region for 1%. Im about to obtain a 700k loan through  them using btc as collateral. Repeat the process as btc appreciates.  No taxes for me thank you.

Something about that doesn't seem right. What happens if the value of bitcoins tanks? That company will be screwed. I'm sure they won't expose themselves to that kinda risk. There must be a catch somewhere.

Theoak*

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6005 on: April 23, 2021, 07:03:41 PM »
I wouldnt advise to risk more than 5% of your collateral. That way if it did tank you could top up your collateral if price doubles you can reverse margin call and they release some of your collateral. LTV is 25%. Its heavily collateralised loans. The business itself only issues 1% of their loans uncollateralised.

obsidian

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6006 on: April 23, 2021, 10:50:23 PM »
Good video by Bitboy! Calls Biden an idiot / puppet.


Humble Narcissist

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6007 on: April 24, 2021, 03:10:35 AM »
I'm shocked.

Bindare_Dundat

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affeman

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6009 on: April 24, 2021, 06:52:29 AM »

Griffith

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6010 on: April 24, 2021, 09:56:35 AM »
And despite the 'imminent collapse', institutional investors have been buying large amounts in the recent dips, including Rothschild Investment who have added to their shares in the Grayscale Ethereum Trust and many others who have added Bitcoin and various cryptocurrencies.

We see this over and over again, negative news headlines suddenly coming out as the prices rise, causing a correction from panic selling retail investors and then more buying from the institutional investors when the price drops.

Bindare_Dundat

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6011 on: April 24, 2021, 10:57:03 AM »
And despite the 'imminent collapse', institutional investors have been buying large amounts in the recent dips, including Rothschild Investment who have added to their shares in the Grayscale Ethereum Trust and many others who have added Bitcoin and various cryptocurrencies.

We see this over and over again, negative news headlines suddenly coming out as the prices rise, causing a correction from panic selling retail investors and then more buying from the institutional investors when the price drops.

Yup still wise to watch how things play out  . Seems that so far we are chilling out at currentbkevel of around 48k to 50k area

Griffith

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6012 on: April 24, 2021, 11:54:20 AM »
Yup still wise to watch how things play out  . Seems that so far we are chilling out at currentbkevel of around 48k to 50k area

For sure, I’ve think we’ve got at least one good run left. Either way, if it looks like things are really tanking I will be moving into stablecoins, and then be able to buy more cheaper at a later date.

Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6013 on: April 24, 2021, 02:32:55 PM »
One of my posts earlier I said something has to go wrong. We can’t all win.

I have spent the past week watching it all go horribly wrong..... Social media. Total insanity driving others into a panic.

We only have a handful of days to go.

Theoak*

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6014 on: April 24, 2021, 03:14:57 PM »
One of my posts earlier I said something has to go wrong. We can’t all win.

I have spent the past week watching it all go horribly wrong..... Social media. Total insanity driving others into a panic.

We only have a handful of days to go.

Whats your definition of wrong? 2017 we had 7 dips around the 30+% range before the run up to 20k.  That run was primarily driven by retail.  Social media is composed of 98% retards, hardly a metric we should be building a basis upon.  Btc is a rich persons game now, big money  big institutions.  I wish poor people would wake up.

You have more insight than most on ebs and flows of money.  I doubt youre worried what social media has to say because big money driving this market are not about to advertise their intentions  on a platform designed for plebs.

Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6015 on: April 24, 2021, 03:48:07 PM »
This might sound a bit odd but give me some leeway as I used to argue this in my work profession at times when things looked too easy.

Ponder:

Let’s say 5% can be winners. If we all know the plan. If we all know the end result. If we all know the course. Why would any of that be correct? It can’t be. That’s the point.

We needed something to break (is go wrong) that shifted things in a way to either change the outcome which could have been trend/price/timeline alterations or something to break behaviour in a manner that left the structure intact.

What I saw was social media being the disruptor which has changed behaviour and allowed the structure to remain intact.

In support of my above observation, a 19% pullback does not equal what we are seeing on social media. My entire feed and the comments are filled with people running for the hills. I haven’t seen anything like it during any other pullback.

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6016 on: April 24, 2021, 04:11:01 PM »
Putting my tin foil hat on. Is it just coincidence this dip came just before the new batch of stimulus checks went out?

Given businesses are opening up and trying to get back to normal, maybe they want people actually spending it there rather than buying bitcoin or stocks.

Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6017 on: April 24, 2021, 04:34:58 PM »
Putting my tin foil hat on. Is it just coincidence this dip came just before the new batch of stimulus checks went out?

Given businesses are opening up and trying to get back to normal, maybe they want people actually spending it there rather than buying bitcoin or stocks.

I see market actions driving things and then news is a flow in effect if that makes sense.

In other words, I believe the primary cause of this pullback was China powering down their BTC rigs, crashing the hash rate which crashed the price, 9,000 dumped in exchanges to further crash the price.  After that, the news scared off anyone remaining.

But hey, some might believe the reverse and it was cafes opening that caused the crash. Whatever floats your boat.

Griffith

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6018 on: April 24, 2021, 04:50:35 PM »
&t=624s


Bindare_Dundat

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6019 on: April 24, 2021, 05:50:20 PM »
2 Billion worth of crytpo exchange funds went missing in Turkey. International manhunt for the guy that ran the exchange now.

That no doubt compounded this problem.

OneMoreRep

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6020 on: April 24, 2021, 05:52:51 PM »
2 Billion worth of bitcoin went missing off a Turkish exchange. International manhunt for the guy that ran the exchange now.

That no doubt compounded this problem.

I read about him running off to Albania with $2 Billion worth of investors' money, but I didn't know it was $2 Billion worth in bitcoin.

"1"

Theoak*

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6021 on: April 24, 2021, 05:55:06 PM »
This might sound a bit odd but give me some leeway as I used to argue this in my work profession at times when things looked too easy.

Ponder:

Let’s say 5% can be winners. If we all know the plan. If we all know the end result. If we all know the course. Why would any of that be correct? It can’t be. That’s the point.

We needed something to break (is go wrong) that shifted things in a way to either change the outcome which could have been trend/price/timeline alterations or something to break behaviour in a manner that left the structure intact.

What I saw was social media being the disruptor which has changed behaviour and allowed the structure to remain intact.

In support of my above observation, a 19% pullback does not equal what we are seeing on social media. My entire feed and the comments are filled with people running for the hills. I haven’t seen anything like it during any other pullback.

Fair point, crossed my mind aswell many years ago.  Youre probably  at the stage where youre seeing so much return on your investment that  the old saying "too good to be true " kicks in.  And thats a plausible thought if it were any other investment other than btc IMO.
We wont see another investment opportunity like btc in this life time, most likely ever again.

5% may be winners, but we are at 2.2.5% adoption rate with growth exponentially increasing.  Projected users 1billion by 2025. We are very early.  These 5% winners at this moment are increasing their position. You said it in an earlier post,  probably some entity(ies) had inside info on minining outage and deposited 9000btc into binance.  Hash rate dropped, price tanked. Day later 22000btc left binance and into cold storage.
Watch the next round  of dumps when ETFs start  getting rejected.  Same old story.  Big money increasing their positions using FUD.

Bindare_Dundat

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6022 on: April 24, 2021, 05:55:09 PM »
This might sound a bit odd but give me some leeway as I used to argue this in my work profession at times when things looked too easy.

Ponder:

Let’s say 5% can be winners. If we all know the plan. If we all know the end result. If we all know the course. Why would any of that be correct? It can’t be. That’s the point.

We needed something to break (is go wrong) that shifted things in a way to either change the outcome which could have been trend/price/timeline alterations or something to break behaviour in a manner that left the structure intact.

What I saw was social media being the disruptor which has changed behaviour and allowed the structure to remain intact.

In support of my above observation, a 19% pullback does not equal what we are seeing on social media. My entire feed and the comments are filled with people running for the hills. I haven’t seen anything like it during any other pullback.

the double spend caused a panic and everyone was screaming sell then too. I can find you a thousand videos that show this.

Bindare_Dundat

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6023 on: April 24, 2021, 05:57:30 PM »
I read about him running off to Albania with $2 Billion worth of investors' money, but I didn't know it was $2 Billion worth in bitcoin.

"1"

yes, thanks for the correction.

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #6024 on: April 24, 2021, 06:02:39 PM »
2 Billion worth of bitcoin went missing off a Turkish exchange. International manhunt for the guy that ran the exchange now.

That no doubt compounded this problem.

There was another exchange in Turkey that shut down too. Turkey is banning the use of cryptocurrencies to pay for goods and services from 30th April.