Author Topic: Bitcoins - about to hit $5,000 per coin today! (Read 1660030 times)

Theoak* · « **Reply #7850 on:** August 11, 2021, 01:15:54 PM »

Quote from: Flexacon on August 10, 2021, 07:08:16 AM

Crypto market cap would probably need to double for a 100k BTC. 2 trillion to enter the market in 6 weeks? Zero chance. 1 trillion, Very unlikely.

Wall street crashing will send it pretty close

I dont see a crash incoming. Dip, yes. Crash, no. Even with an unlikely crash, a haircut of about 50-60% Max.

Mayday · « **Reply #7851 on:** August 11, 2021, 03:42:26 PM »

The ‘hack’ seems very skeptical to me given the day the US. I’ll is passed 600M suddenly is hacked and the message to the thieves is ‘we can track you and have shut off your on/off ramps’, give the money back and we’ll say no more…..

Apparently the stolen crypto has started to be returned. Suddenly it’s a positive message of being able to find stolen money. Yay!

You have to admit, it sounds pretty convenient time wise.

Flexacon · « **Reply #7852 on:** August 12, 2021, 01:35:09 AM »

Quote from: Mayday on August 11, 2021, 03:42:26 PM

The ‘hack’ seems very skeptical to me given the day the US. I’ll is passed 600M suddenly is hacked and the message to the thieves is ‘we can track you and have shut off your on/off ramps’, give the money back and we’ll say no more…..

Apparently the stolen crypto has started to be returned. Suddenly it’s a positive message of being able to find stolen money. Yay!

You have to admit, it sounds pretty convenient time wise.

You mean like this?

Quote from: Flexacon on August 09, 2021, 06:34:25 PM

(crypto/btc survives another FUD, it's bulletproof type buy sentiment)

Your more along the lines of something to do with politics and regulation?

Will look at your other post in detail over the weekend. Sunday looks like a possible dip day to me.

Flexacon · « **Reply #7853 on:** August 12, 2021, 03:34:32 AM »

Quote from: Theoak* on August 11, 2021, 01:15:54 PM

I dont see a crash incoming. Dip, yes. Crash, no. Even with an unlikely crash, a haircut of about 50-60% Max.

Peaks are forming on several "bubble" indicators.

Mayday · « **Reply #7854 on:** August 12, 2021, 04:45:04 AM »

Quote from: Flexacon on August 12, 2021, 03:34:32 AM

Peaks are forming on several "bubble" indicators.

It’s a scary proposition thinking there will be a market pullback. Feb this year was a traditional pullback, many called for a correction but it didn’t happen. Then it was April, didn’t happen, then June, didn’t happen, now it’s Autumn……

I think my scenario has merit, Dems pushing for lockdowns and restrictions to force the senate to approve stimmy money. Ie Break it then fix it.

BTC needs to hold 44.6k as this is the 200D MA. This is like the market autumn scenario. You get close, people calling for 36k pullback but we are holding 44.6k. It could go either way but if it doesn’t crash then it rips in the other direction.

This is the open interest on BTC in the daily. In about 2 days it will be at the bottom and we come into buy signal territory. The weekly already fired a buy but this daily will mean it’s about to fire a buy above the 200D MA and that’s very significant.

Big players have been hitting BTC pretty hard today but it’s still holding up way better than I would have expected. BTC looks very strong. If it can hold out a few more days…..

FitnessFrenzy · « **Reply #7855 on:** August 12, 2021, 07:48:13 AM »

Quote from: Flexacon on August 12, 2021, 03:34:32 AM

Peaks are forming on several "bubble" indicators.

but we never had interest rates and bond yields this low. Is it a bubble? Yes.. Can it go much higher before it possibly implodes? Yes

Mayday · « **Reply #7856 on:** August 12, 2021, 11:33:56 PM »

Quote from: FitnessFrenzy on August 12, 2021, 07:48:13 AM

but we never had interest rates and bond yields this low. Is it a bubble? Yes.. Can it go much higher before it possibly implodes? Yes

Implosion will be years away. Longer than people realise.

We are yet to have proper product shortages which is the next step in the grand scheme. I'm talking where our low cost bulky goods begin to vanish and people are waiting months instead of days. That will drive prices higher because volume vanishes and margins cannot be sustained any longer so they go up.

When that begins to take effect it means production decreases which is deflationary on employment and wages. Yet at the same time we see rocketing consumer prices not due to inflation per say but due to a drop in volume.

This is the deflationary spiral central banks are trying to avoid and why the Fed refuses to stop pumping in money.

Mayday · « **Reply #7857 on:** August 13, 2021, 03:34:20 AM »

See the BTC short squeeze mayhem last night?

Want to see something spooky?

MM have flipped and started opening longs which caused that short squeeze and price now above 46k.

Each time MM went long market surged.

We will still have a short snap pullback of some kind so I’m looking at a 42k entry point.

Flexacon · « **Reply #7858 on:** August 13, 2021, 03:52:48 AM »

All the dead crypto pages on various forums have suddenly sprung back to life. Shitcoins are popping.

I bought some Ethereum Classic which I still think is useless, but for some reason banks have decided to offer it to their customers.

FitnessFrenzy · « **Reply #7859 on:** August 13, 2021, 04:12:16 AM »

Cardano is rocketing up.

French · « **Reply #7860 on:** August 13, 2021, 04:56:28 AM »

have only 20 000 ADA. hope they will go to 50$

Mayday · « **Reply #7861 on:** August 13, 2021, 03:39:55 PM »

The candle of sendsville…… MM trying to ignite a second massive rally. Every time it ‘should’ have a pullback they send it up and squeeze the shorts.

Bull Targets —> Midpoint 50.6k, prev high band 90k, ceiling 120k.

To my eyes on logarithmic curves it looks almost the same as 2013 now and not like 2017 at all.

If it played out like 2013 we would look at August midpoint (50.6) Sept-Oct pullback (38-42). Oct+Nov explosive up (120).

I have BTC and shitbags. I’m going to hold for now and buy dips in Sept-Oct.

Theoak* · « **Reply #7862 on:** August 13, 2021, 08:56:43 PM »

Quote from: Mayday on August 13, 2021, 03:39:55 PM

The candle of sendsville…… MM trying to ignite a second massive rally. Every time it ‘should’ have a pullback they send it up and squeeze the shorts.

Bull Targets —> Midpoint 50.6k, prev high band 90k, ceiling 120k.

To my eyes on logarithmic curves it looks almost the same as 2013 now and not like 2017 at all.

If it played out like 2013 we would look at August midpoint (50.6) Sept-Oct pullback (38-42). Oct+Nov explosive up (120).

I have BTC and shitbags. I’m going to hold for now and buy dips in Sept-Oct.

No Eth? Funny, Ive been stacking Eth for months now on celsius due to earning yield in-kind as there is no option for earning in btc. Ill convert all of my yield earning from Eth to btc just before eth 2.0 is released and all that eth is released from stacking. I see that happening around march, so a pro longed bull cycle this time round. Perhaps 9k Eth (conservative).

Theoak* · « **Reply #7863 on:** August 13, 2021, 08:58:14 PM »

Any one buy BTC at 29-31k?

Flexacon · « **Reply #7864 on:** August 13, 2021, 09:18:03 PM »

Quote from: Mayday on August 13, 2021, 03:39:55 PM

Sept-Oct pullback (38-42). Oct+Nov explosive up (120).

I’m going to hold for now and buy dips in Sept-Oct.

This would be the closet we've come to agreeing on something. It's definitely not gonna happen now

Quote from: Theoak* on August 13, 2021, 08:56:43 PM

No Eth? Funny, Ive been stacking Eth for months now on celsius due to earning yield in-kind as there is no option for earning in btc. Ill convert all of my yield earning from Eth to btc just before eth 2.0 is released and all that eth is released from stacking. I see that happening around march, so a pro longed bull cycle this time round. Perhaps 9k Eth (conservative).

There was some news about how more miners were betting against proof of stake as they believed eth 2.0 would be delayed again.

https://markets.businessinsider.com/news/stocks/why-ethereum-miners-are-making-a-million-dollar-bet-against-proof-of-stake-1030729703

Flexacon · « **Reply #7865 on:** August 14, 2021, 12:56:29 AM »

Dot hasn't done much in this pump. Stiill a good price right now for some easy gains.

Theoak* · « **Reply #7866 on:** August 14, 2021, 02:59:22 AM »

Quote from: Flexacon on August 13, 2021, 09:18:03 PM

This would be the closet we've come to agreeing on something. It's definitely not gonna happen now

There was some news about how more miners were betting against proof of stake as they believed eth 2.0 would be delayed again.

https://markets.businessinsider.com/news/stocks/why-ethereum-miners-are-making-a-million-dollar-bet-against-proof-of-stake-1030729703

Are they making the bet or buying as many miners to scoop up as much eth as they can and dump it before PoS comes into effect?

FitnessFrenzy · « **Reply #7867 on:** August 14, 2021, 04:31:08 AM »

FitnessFrenzy · « **Reply #7868 on:** August 14, 2021, 04:32:30 AM »

Flexacon · « **Reply #7869 on:** August 14, 2021, 06:30:39 AM »

Quote from: Theoak* on August 14, 2021, 02:59:22 AM

Are they making the bet or buying as many miners to scoop up as much eth as they can and dump it before PoS comes into effect?

Probably booth. Eth 2.0 will likely be delayed again, but months rather than years.

FitnessFrenzy · « **Reply #7870 on:** August 14, 2021, 02:18:34 PM »

OneMoreRep · « **Reply #7871 on:** August 15, 2021, 10:14:12 AM »

Quote from: Bindare_Dundat on August 15, 2021, 10:08:22 AM

You just saw the peak. That's it.

Welcome back!

"1"

Mayday · « **Reply #7872 on:** August 16, 2021, 02:43:34 AM »

Big money still closing longs.

Down 13.5k now which is the largest exit this year by 20%.

2nd chart gives some perspective. When it turns red you’re gunna have a bad time.

December rally was 23 days of green.
February rally was 25 days of green.
We are currently at 26 days of green.
The longest prior to this was the Oct-Nov rally of 36 days of green.

However margin interest was miles lower back then and interest was rising until 1 day it stopped whereas right now we have a downward trend of lower daily interest meaning retail is being exhausted again.

Bindare_Dundat · « **Reply #7873 on:** August 17, 2021, 01:39:15 PM »

Quote from: Griffith on August 04, 2021, 12:46:30 AM

I’m in stablecoins right now.

Till BTC can decisively break 42k, there could still be a chance for a bigger correction.

In the 2017/18 bullrun, we saw a drop of 85% from the ATH’s going into the bear market and then waiting another 2-3 years with those funds basically locked up as a result.

Right now, having stablecoins gives me flexibility. If the bull market continues, I can buy in and benefit, if it drops massively or a big dip then I can then buy cheap.

However, some are saying 28-30k were the bottom, so we’ll see.

Good call

OneMoreRep · « **Reply #7874 on:** August 17, 2021, 01:52:03 PM »

Quote from: Bindare_Dundat on August 17, 2021, 01:31:24 PM

Told you guys, hope you sold. That was the dead cat bounce. Back to mid 20s. Watch

I'm actually siding with Richard Heart on BTC's likely fate. He predicts an 80-85% dump that will price $BTC around $7,000-$8,000.

If that happens, it will as usual create that blackhole that will pull all other altcoins with it and if it does, $ETH can then see pricing of about $600-$800. If that happens, I am going in hard on $ETH and likely will buy a full $BTC coin. Other Altcoins will get love, but $BTC & $ETH will get 80% of fund allocation.

"1"