Can we have a non-hate mail vs fanboy thread on trading Bitcoin?
invite response
2022 Mar 12, 4:27pm 25,458 views 189 comments
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111
Cash
2022 Mar 31, 8:54pm
FJB says
USD is hanging in there so look for the economic indicator news in the morning and watch the DXY reaction. BTC had a bunch of
long leverage snatched and there is still some on the table however Im not really looking for price to break down much below 37.5+/- and that
will be a reach 42-40k+/- (61.8 wky) would be a more of a logical landing field imo. Markets are confused and looking for guidance so until USD
shows it's hand most of the markets should just stay in or near range.
Could go either way.
USD is hanging in there so look for the economic indicator news in the morning and watch the DXY reaction. BTC had a bunch of
long leverage snatched and there is still some on the table however Im not really looking for price to break down much below 37.5+/- and that
will be a reach 42-40k+/- (61.8 wky) would be a more of a logical landing field imo. Markets are confused and looking for guidance so until USD
shows it's hand most of the markets should just stay in or near range.
112
Maga_Chaos_Monkey
2022 Mar 31, 8:57pm
Maga_Chaos_Monkey
2022 Mar 31, 8:57pm
Do Kwon has been buying things on the exchanges apparently instead of making over the counter buys (which don't move the price):
https://thedefiant.io/terra-10b-bitcoin-treasury-luna/?source=patrick.net
https://thedefiant.io/terra-10b-bitcoin-treasury-luna/?source=patrick.net
113
Cash
2022 Mar 31, 9:00pm
FJB says
Some legislators are trying to make sure what ever Digital means they use the regulations have more of a cash utility and not be part of the globalist spy ring tools.
SEN. CRUZ INTRODUCES LEGISLATION PROHIBITING UNILATERAL FED CONTROL OF A U.S. DIGITAL CURRENCY
https://www.cruz.senate.gov/newsroom/press-releases/sen-cruz-introduces-legislation-prohibiting-unilateral-fed-control-of-a-us-digital-currency?source=patrick.net
Some legislators are trying to make sure what ever Digital means they use the regulations have more of a cash utility and not be part of the globalist spy ring tools.
114
Maga_Chaos_Monkey
2022 Mar 31, 9:02pm
Maga_Chaos_Monkey
2022 Mar 31, 9:02pm
PeopleUnited says
Will you still be alive in 20 years? Serious question.
l if cryptos are still going strong in 20 years
Will you still be alive in 20 years? Serious question.
116
Cash
2022 Mar 31, 9:20pm
JPMorgan, led by bitcoin skeptic Jamie Dimon, quietly unveils access to a half-dozen crypto funds
https://www.cnbc.com/2021/08/05/bitcoin-jpmorgan-led-by-jamie-dimon-quietly-unveils-access-to-a-half-dozen-crypto-funds.html?source=patrick.net
Wells Fargo: Cryptocurrency Has Entered 'Hyper-Adoption Phase'
https://news.bitcoin.com/wells-fargo-cryptocurrency-hyper-adoption-phase/?source=patrick.net
Bitcoin is coming to hundreds of U.S. banks this year, says crypto custody firm NYDIG
https://www.cnbc.com/2021/05/05/bitcoin-is-coming-to-hundreds-of-us-banks-says-crypto-firm-nydig-.html?source=patrick.net
https://www.cnbc.com/2021/08/05/bitcoin-jpmorgan-led-by-jamie-dimon-quietly-unveils-access-to-a-half-dozen-crypto-funds.html?source=patrick.net
Wells Fargo: Cryptocurrency Has Entered 'Hyper-Adoption Phase'
https://news.bitcoin.com/wells-fargo-cryptocurrency-hyper-adoption-phase/?source=patrick.net
Bitcoin is coming to hundreds of U.S. banks this year, says crypto custody firm NYDIG
https://www.cnbc.com/2021/05/05/bitcoin-is-coming-to-hundreds-of-us-banks-says-crypto-firm-nydig-.html?source=patrick.net
117
PeopleUnited
2022 Mar 31, 9:57pm
PeopleUnited
2022 Mar 31, 9:57pm
FJB says
The actuarial tables indicate that is indeed extremely likely. But on the other hand I expect that before the decade is over, there will be the beginnings of a one world government and that could change everything from life expectancies to personal liberties to economic conditions. If any of us are still alive then I expect we will all be using the same currency, and it won’t be physical, it will be 100% digital.
And for the record I’m all for making wise investments. I just tend to believe the investment experts and the evidence that cryptos are an expensive fad that will achieve their intrinsic value which just so happens to be significantly less than what most of them currently trade at. So if I can invest a grand today and double or triple my money and then cash out in the next 2-3 years I’m in. Was able to do that with precious metals buying near the bottom and selling near the top several years ago, I just don’t see that happening with any certainty in the crypto sphere. Volatility doesn’t even begin to describe cryptos.
PeopleUnited saysif cryptos are still going strong in 20 years
Will you still be alive in 20 years? Serious question.
The actuarial tables indicate that is indeed extremely likely. But on the other hand I expect that before the decade is over, there will be the beginnings of a one world government and that could change everything from life expectancies to personal liberties to economic conditions. If any of us are still alive then I expect we will all be using the same currency, and it won’t be physical, it will be 100% digital.
And for the record I’m all for making wise investments. I just tend to believe the investment experts and the evidence that cryptos are an expensive fad that will achieve their intrinsic value which just so happens to be significantly less than what most of them currently trade at. So if I can invest a grand today and double or triple my money and then cash out in the next 2-3 years I’m in. Was able to do that with precious metals buying near the bottom and selling near the top several years ago, I just don’t see that happening with any certainty in the crypto sphere. Volatility doesn’t even begin to describe cryptos.
118
Cash
2022 Mar 31, 11:20pm
STELLAR > $XLM > LOW COST CROSS-BORDER PAYMENTS & REMITTANCE FOR ANY CURRENCY TRADE
120
Maga_Chaos_Monkey
2022 Apr 1, 8:38pm
Maga_Chaos_Monkey
2022 Apr 1, 8:38pm
FJB says
It's followed the green path to a T so far. Still below the 20 DMA though.
It's getting interesting:
Could go either way. I'm still hoping for a serious crash.
It's followed the green path to a T so far. Still below the 20 DMA though.
121
Cash
2022 Apr 1, 9:19pm
FJB 40k+/- is a tough neighborhood brother and is a logical tgt to start some buying at least a few Satoshi in that area if it gets there
under 38k is a far reach imo....
under 38k is a far reach imo....
122
Cash
2022 Apr 1, 10:17pm
$link
What Is a Blockchain Oracle?
Oracles provide a way for the decentralized Web 3.0 ecosystem to access existing data sources, legacy systems, and advanced computations. Decentralized oracle networks (DONs) enable the creation of hybrid smart contracts, where on-chain code and off-chain infrastructure are combined to support advanced decentralized applications (dApps) that react to real-world events and interoperate with traditional systems.
https://chain.link/education/blockchain-oracles
What Is a Blockchain Oracle?
Oracles provide a way for the decentralized Web 3.0 ecosystem to access existing data sources, legacy systems, and advanced computations. Decentralized oracle networks (DONs) enable the creation of hybrid smart contracts, where on-chain code and off-chain infrastructure are combined to support advanced decentralized applications (dApps) that react to real-world events and interoperate with traditional systems.
https://chain.link/education/blockchain-oracles
123
PeopleUnited
2022 Apr 2, 5:15am
PeopleUnited
2022 Apr 2, 5:15am
https://www.investopedia.com/articles/investing/052014/why-bitcoins-value-so-volatile.asp?source=patrick.net
Why Does BTC Fluctuate so Much?
Bitcoin's price fluctuates because it is influenced by supply and demand, investor and user sentiments, government regulations, and media hype. All of these factors work together to create price volatility.
How High Can Bitcoin's Price Go?
It's rare to watch cryptocurrency news and not see an investor or fan's opinion of how high Bitcoin's price will get. Unfortunately, it is unknown how high or low the cryptocurrency's price will go.
Is Bitcoin Safe to Buy?
You can buy Bitcoin on government-approved cryptocurrency exchanges like Coinbase. If you're looking to use Bitcoin to preserve capital or grow your assets, its price is highly volatile—there is no guarantee that you will see any returns; you're just as likely to lose everything you invest as you are to make any gains.
Why Does BTC Fluctuate so Much?
Bitcoin's price fluctuates because it is influenced by supply and demand, investor and user sentiments, government regulations, and media hype. All of these factors work together to create price volatility.
How High Can Bitcoin's Price Go?
It's rare to watch cryptocurrency news and not see an investor or fan's opinion of how high Bitcoin's price will get. Unfortunately, it is unknown how high or low the cryptocurrency's price will go.
Is Bitcoin Safe to Buy?
You can buy Bitcoin on government-approved cryptocurrency exchanges like Coinbase. If you're looking to use Bitcoin to preserve capital or grow your assets, its price is highly volatile—there is no guarantee that you will see any returns; you're just as likely to lose everything you invest as you are to make any gains.
124
Cash
2022 Apr 2, 5:16am
FJB 1 reason crypto maybe staying sideways is tax season which is my preference.
126
Cash
2022 Apr 3, 1:13pm
IBM WORLDWIRE > $XLM + $SHx [ANCHOR BRIDGE CURRENCIES] [[STABLECOINS]]
Money Money Money MONEY!!!
Money Money Money MONEY!!!
127
Cash
2022 Apr 3, 2:36pm
FJB
Just a bit of clarification to my approach in consideration of the crypto market.
CBDC are coming and regulation as well. The legacy system of SWIFT is like
using a 1929 stock model T in a race with Tesla's Model S EV car and why 1 of
my largest holdings is XRP as the premiere fast, cheap, ODL cross boarder pmt sys.
CBDCs depending on who gets to create and govern is the big question and concern.
However XRP maybe 1 of the most important cogs in the metrics of CBDC regardless
of the creator and governance. Definitely speculation at this time, but in my opinion is well
with in my risk appetite. XRP can be used exchange from them all.
Just a bit of clarification to my approach in consideration of the crypto market.
CBDC are coming and regulation as well. The legacy system of SWIFT is like
using a 1929 stock model T in a race with Tesla's Model S EV car and why 1 of
my largest holdings is XRP as the premiere fast, cheap, ODL cross boarder pmt sys.
CBDCs depending on who gets to create and govern is the big question and concern.
However XRP maybe 1 of the most important cogs in the metrics of CBDC regardless
of the creator and governance. Definitely speculation at this time, but in my opinion is well
with in my risk appetite. XRP can be used exchange from them all.
129
Cash
2022 Apr 4, 6:25am
DooDahMan says
up with in other third world, developing and emerging markets. Americans in many ways have become of the mind they are so important they are entitled which we all see or experience this most every day rather from family members or out in public. I dont know about anyone else but I clearly see a different global monetary system on tract and on it's way for this year or very early next year and it will be a massive shock to the majority, changes in the SWIFT system sched. for Nov. 2022 alone should make things very interesting.
https://www.ibtimes.com/nearly-half-crypto-owners-first-bought-digital-assets-2021-survey-3460247?source=patrick.netThanks for sharing the article, many in the US have led a privileged life with little exposure to the hardships civilians have to put
up with in other third world, developing and emerging markets. Americans in many ways have become of the mind they are so important they are entitled which we all see or experience this most every day rather from family members or out in public. I dont know about anyone else but I clearly see a different global monetary system on tract and on it's way for this year or very early next year and it will be a massive shock to the majority, changes in the SWIFT system sched. for Nov. 2022 alone should make things very interesting.
131
Cash
2022 Apr 4, 2:07pm
Ripple – Banks Go All-in!
Top banks like the Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) are using XRP (CRYPTO:XRP) for payments!
https://www.fool.ca/2022/03/24/ripple-banks-go-all-in/?source=patrick.net
Top banks like the Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) are using XRP (CRYPTO:XRP) for payments!
https://www.fool.ca/2022/03/24/ripple-banks-go-all-in/?source=patrick.net
132
Zak
2022 Apr 4, 2:13pm
Cash says
WTF do banks care. If their gamble doesn't pay off, they just cry they are a societal necessity and get a bail out. Of course they are taking any and every moral hazard and risk. WTF is your point?
Ripple – Banks Go All-in!
Top banks like the Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) are using XRP (CRYPTO:XRP) for payments!
WTF do banks care. If their gamble doesn't pay off, they just cry they are a societal necessity and get a bail out. Of course they are taking any and every moral hazard and risk. WTF is your point?
133
Cash
2022 Apr 4, 4:06pm
https://watcher.guru/news/goldman-sachs-to-offer-crypto-services-for-private-wealthy-clients?source=patrick.net
“There’s a contingent of clients who are looking to this asset as a hedge against inflation, and the macro backdrop
over the past year has certainly played into that,” Rich said.
Just a word of warning if you hold your crypto with the banksters you might as well hold cash.
If your crypto is not under your control as the saying goes if they are not your keys they are not your crypto.
“There’s a contingent of clients who are looking to this asset as a hedge against inflation, and the macro backdrop
over the past year has certainly played into that,” Rich said.
Just a word of warning if you hold your crypto with the banksters you might as well hold cash.
If your crypto is not under your control as the saying goes if they are not your keys they are not your crypto.
134
Cash
2022 Apr 4, 4:10pm
Big banks no longer able to ignore crypto demand
https://www.axios.com/big-banks-wall-street-cryptocurrencies-attention-fb5fecf0-ed21-4ef8-8692-9eeb83622ca1.html?source=patrick.net
https://www.axios.com/big-banks-wall-street-cryptocurrencies-attention-fb5fecf0-ed21-4ef8-8692-9eeb83622ca1.html?source=patrick.net
135
Cash
2022 Apr 4, 4:11pm
As Wall Street banks embrace crypto, high-flying start-ups look to lure top finance talent
https://www.msn.com/en-us/money/markets/as-wall-street-banks-embrace-crypto-high-flying-start-ups-look-to-lure-top-finance-talent/ar-AAVLUYU?source=patrick.net
https://www.msn.com/en-us/money/markets/as-wall-street-banks-embrace-crypto-high-flying-start-ups-look-to-lure-top-finance-talent/ar-AAVLUYU?source=patrick.net
136
Cash
2022 Apr 5, 3:27am
Factbox: How U.S. banks are dipping their toes in the crypto water
https://www.reuters.com/business/finance/how-us-banks-are-dipping-their-toes-crypto-water-2022-04-05/?rpc=401&source=patrick.net
April 5 (Reuters) - Last week, a top U.S. banking regulator warned of growing risks as banks start to capitalize on the popularity
of cryptocurrencies to offer related services to clients.
Here is how some of the biggest banks operating in the United States have gotten involved in crypto:
https://www.reuters.com/business/finance/how-us-banks-are-dipping-their-toes-crypto-water-2022-04-05/?rpc=401&source=patrick.net
April 5 (Reuters) - Last week, a top U.S. banking regulator warned of growing risks as banks start to capitalize on the popularity
of cryptocurrencies to offer related services to clients.
Here is how some of the biggest banks operating in the United States have gotten involved in crypto:
137
Cash
2022 Apr 5, 4:43am
Zak says
1st I could not care less about your opinions you are welcome to them, everyone has them right or wrong nor do I care if you get anything from whats shared
on this post or get the point whats so ever, it matters not to me.
With that being said there is a global "Currency War" and all that money leaving the money changers hands (legacy monetary systems) which at peak was 2.9+trillion
with far superior technology in many ways is definitely concerning to governments and their institution.
WTF do banks care. If their gamble doesn't pay off, they just cry they are a societal necessity and get a bail out. Of course they are taking any and every moral hazard and risk. WTF is your point?
1st I could not care less about your opinions you are welcome to them, everyone has them right or wrong nor do I care if you get anything from whats shared
on this post or get the point whats so ever, it matters not to me.
With that being said there is a global "Currency War" and all that money leaving the money changers hands (legacy monetary systems) which at peak was 2.9+trillion
with far superior technology in many ways is definitely concerning to governments and their institution.
138
Cash
2022 Apr 5, 5:24am
DooDahMan says
Awesome share...
You can lead a horse to____
See comment #2 on this: https://patrick.net/post/1344461/2022-04-05-profits-soar-as-u-s-corporations-have-b
A recent report has also shown that Bitcoin mining revenue rose 206% in 2021 despite many countries cracking down on crypto mining and China even banning it. The US has become the nation with the most Bitcoin miners.
Awesome share...
You can lead a horse to____
139
Cash
2022 Apr 5, 5:31am
2022 Global State of Crypt
https://www.gemini.com/state-of-crypto?source=patrick.net
Download the report it's free and full of stats and graphs..
https://www.gemini.com/state-of-crypto?source=patrick.net
Download the report it's free and full of stats and graphs..
140
Cash
2022 Apr 5, 7:52am
WATCH: Dr. Malone Says He Will Expose 4,000 World Economic Forum Names Via Blockchain
https://welovetrump.com/2022/04/04/watch-dr-malone-says-he-will-expose-4000-world-economic-forum-names-via-blockchain/?source=patrick.net
In a recent speech, given in front of a crowd of freedom truckers, Dr. Malone announced that he has a spreadsheet of 4,000 individuals
connected to the World Economic Forum.
https://welovetrump.com/2022/04/04/watch-dr-malone-says-he-will-expose-4000-world-economic-forum-names-via-blockchain/?source=patrick.net
In a recent speech, given in front of a crowd of freedom truckers, Dr. Malone announced that he has a spreadsheet of 4,000 individuals
connected to the World Economic Forum.
143
Rin
2022 Apr 6, 10:36am
Rin
2022 Apr 6, 10:36am
Cash says
To be fair, at around that time, behemoths like Global Crossing, WorldCom, Lucent Technologies, etc, went into the toilet. The fact of the matter was the hi-speed access was too expensive as T3 lines were only affordable for big corporations.
Sure, some of today's mainstays have survived and even prospered, but do you want to be this person who bought Cisco at its peak ...
https://patrick.net/post/1341757?40#comment-1794348
144
Ceffer
2022 Apr 6, 10:47am
Ceffer
2022 Apr 6, 10:47am
Is the bitcoin blithe tulip statute of limitations up yet so that hate boys can show up again?
145
Cash
2022 Apr 11, 7:35am
I love a well planned scheme coming together, getting me some more coins to stash .
https://patrick.net/post/1344030?120#comment-1831934
https://patrick.net/post/1344030?120#comment-1831934
149
Bitcoin
2022 Apr 23, 11:17am
Bitcoin
2022 Apr 23, 11:17am
"Oscar-Nominated Ridley Scott To Produce Ethereum Movie 'The Infinite Machine'"
https://www.benzinga.com/markets/cryptocurrency/22/04/26755761/oscar-nominated-ridley-scott-to-produce-ethereum-movie-the-infinite-machine?source=patrick.net
Pretty cool. I am investor in Ethereum coins. My avg cost is about 700 and I sold some holdings between 3500-4000.
I believe Ethereum can hit 20,000 USD within the next few years.
https://www.benzinga.com/markets/cryptocurrency/22/04/26755761/oscar-nominated-ridley-scott-to-produce-ethereum-movie-the-infinite-machine?source=patrick.net
Pretty cool. I am investor in Ethereum coins. My avg cost is about 700 and I sold some holdings between 3500-4000.
I believe Ethereum can hit 20,000 USD within the next few years.
« First « Previous Comments 110 - 149 of 189 Next » Last » Search these comments
Let me make a comparison to a more mature market.
The following is a multi-year chart of the EUR vs USD, with the 50 bar exponential moving average (EMA) as the indicator on the chart. As anyone can observe, when the spot price is above the 50 EMA, there are more bullish trading opportunities (in green) than below it. And when it's below the 50 EMA, bearish events (in red) tend to be more common.
Now, contrast the above with that of BITCOIN vs USD. Whenever the 50 EMA is tested, the bearish opportunities are sparse and really don't even given bonafide short sellers much time to maneuver w/o a near term rally taking 'em out.
All and all, that's a bullish market with a high amount of sentiment on the upside. So until we see a general overall market meltdown, I'm not calling curtains on the cryptos.