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Can we have a non-hate mail vs fanboy thread on trading Bitcoin?
invite response
2022 Mar 12, 4:27pm 25,461 views 189 comments
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81
Rin
2022 Mar 30, 4:29pm
Rin
2022 Mar 30, 4:29pm
Cash says
My first take profit is selling 2/3 at $65K and then letting the rest run up to $85K+.
next speculative tgts are 89k+/- then 104k+/-
My first take profit is selling 2/3 at $65K and then letting the rest run up to $85K+.
82
Cash
2022 Mar 30, 5:16pm
Rin says
My first take profit is selling 2/3 at $65K and then letting the rest run up to $85K+.Good plan brother that's right near the top R/line of that big flag pattern wky just keep in mind the odds if/when that line is hit 3x is a charm and it will be high probability it fly's to 89k after a bit of stall... I'm holding about 40+diff stacks of coins and for the most part all bought in 2021 at various time, so due to taxes my plan is I will hold for at least 1yr if at all possible unless profits get to tasty. I sold most everything near crypto highs in 2020 and re-bought in 2021.
83
Cash
2022 Mar 30, 5:17pm
There will likely be 3 bullish patterns to consider W, bull flag and a C&H
84
Cash
2022 Mar 30, 5:18pm
Hundreds of TRILLIONS of dollars Money Money Money MONEY!!!
Pack your bags, time is running out. You can't live with yourself if miss this once in a lifetime opportunity. $link
pic.twitter.com/jInMSDSFn9— Dr. Väinämöinen (@DrVainamoinen) March 30, 2022
Hundreds of TRILLIONS of dollars Money Money Money MONEY!!!
85
Cash
2022 Mar 30, 6:05pm
34 Questions You Should Ask Yourself Before Buying Into Any Cryptocurrency.
The crypto markets are a wild place, and often investors make the mistake of blindly buying into an asset without doing proper research beforehand.
https://cryptowhale.medium.com/34-questions-you-should-ask-yourself-before-buying-cryptocurrencies-71904b351911?source=patrick.net
The crypto markets are a wild place, and often investors make the mistake of blindly buying into an asset without doing proper research beforehand.
https://cryptowhale.medium.com/34-questions-you-should-ask-yourself-before-buying-cryptocurrencies-71904b351911?source=patrick.net
86
Cash
2022 Mar 30, 6:09pm
Money Money Money MONEY!!!
The subgraph for @ethsign is live on The Graph’s decentralized network ✍️
EthSign is a dapp for signing electronic agreements, built on Ethereum. Removing the need to trust proprietary software providers to sign documents, EthSign keeps agreements secure using the blockchain. pic.twitter.com/7j6D0u8w6g— The Graph (@graphprotocol) March 31, 2022
Money Money Money MONEY!!!
87
Rin
2022 Mar 30, 6:45pm
Rin
2022 Mar 30, 6:45pm
Cash says
Realize, I'm trading my dividend stream from the non-tobacco stocks, like Proctor & Gamble, because I feel that the classic DRIP (Dividend Reinvestment) isn't going to work for the overpriced blue chips, until the next market crash.
And thus, my trading strategy is basically aligning the cap gains on the XBTF to bolster the earnings of the P&G plus friends earnings instead of getting caught in buying their equities during a market high.
Rin saysMy first take profit is selling 2/3 at $65K and then letting the rest run up to $85K+.Good plan brother that's right near the top R/line of that big flag pattern wky just keep in mind the odds if/when that line is hit 3x is a charm and it will be high probability it fly's to 89k after a bit of stall... I'm holding about 40+diff stacks of coins and for the most part all bought in 2021 at various time, so due to taxes my plan is I will hold for at least 1yr if at all possible unless profits get to tasty. I sold most everything near crypto highs in 2020 and re-bought in 2021.
Realize, I'm trading my dividend stream from the non-tobacco stocks, like Proctor & Gamble, because I feel that the classic DRIP (Dividend Reinvestment) isn't going to work for the overpriced blue chips, until the next market crash.
And thus, my trading strategy is basically aligning the cap gains on the XBTF to bolster the earnings of the P&G plus friends earnings instead of getting caught in buying their equities during a market high.
88
Cash
2022 Mar 30, 7:00pm
Rin says
Spot on, good strategy in this steam of time. Most here probably aren't setup like your portfolio is, or even could execute your moves w/o some kind of help.
Realize, I'm trading my dividend stream from the non-tobacco stocks, like Proctor & Gamble, because I feel that the classic DRIP (Dividend Reinvestment) isn't going to work for the overpriced blue chips, until the next market crash.
And thus, my trading strategy is basically aligning the cap gains on the XBTF to bolster the earnings of the P&G plus friends earnings instead of getting caught in buying their equities during a market high.
Spot on, good strategy in this steam of time. Most here probably aren't setup like your portfolio is, or even could execute your moves w/o some kind of help.
89
Cash
2022 Mar 30, 8:45pm
Santander announces instant payments for companies in Europe and Brazil
https://thepaypers.com/online-payments/santander-announces-instant-payments-for-companies-in-europe-and-brazil--1255472?source=patrick.net
https://thepaypers.com/online-payments/santander-announces-instant-payments-for-companies-in-europe-and-brazil--1255472?source=patrick.net
90
PeopleUnited
2022 Mar 30, 9:33pm
PeopleUnited
2022 Mar 30, 9:33pm
FJB says
This is silly. There is a huge difference between accessing your assets through a computer gateway, and storing your assets on a computer or digital wallet.
Your money is already in electronics.
This is silly. There is a huge difference between accessing your assets through a computer gateway, and storing your assets on a computer or digital wallet.
91
PeopleUnited
2022 Mar 30, 9:38pm
PeopleUnited
2022 Mar 30, 9:38pm
Rin says
This actually makes sense to me, essentially you are trading BTC just like some people do SLV or GLD ETF’s. So you don’t have to worry about storing or securing your coins.
And thus, my trading strategy is basically aligning the cap gains on the XBTF to bolster the earnings of the P&G plus friends earnings instead of getting caught in buying their equities during a market high.
This actually makes sense to me, essentially you are trading BTC just like some people do SLV or GLD ETF’s. So you don’t have to worry about storing or securing your coins.
92
PeopleUnited
2022 Mar 30, 9:46pm
PeopleUnited
2022 Mar 30, 9:46pm
Cash says
That whole post belongs there and shows massive amounts of ignorance and judgement that is beyond ______Talk to me in 20 years so we can decide who is ignorant or exercised bad judgment. Until then enjoy your speculation but don’t neglect to cash out before the casino closes.
Fill in the blank as you wish
93
Cash
2022 Mar 31, 6:36am
Bitcoin And Crypto Now Braced For A $10 Trillion Earthquake As Ethereum, BNB, XRP, Solana And Cardano Soar
https://www.forbes.com/sites/billybambrough/2022/03/27/bitcoin-and-crypto-now-braced-for-a-10-trillion-earthquake-as-ethereum-bnb-xrp-solana-and-cardano-soar/?sh=5b7991ac4545&source=patrick.net
In March, a Credit Suisse analyst said the Russian war in Ukrainian will create a new world financial order that could boost the price of bitcoin and other cryptocurrencies.
"We are witnessing the birth of Bretton Woods III—a new world (monetary) order centered around commodity-based currencies in the East that will likely weaken the Eurodollar system and also contribute to inflationary forces in the West," Zoltan Pozsar, global head of short-term interest rate strategy at the giant investment bank, wrote in a report.
Money Money Money MONEY!!!
https://www.forbes.com/sites/billybambrough/2022/03/27/bitcoin-and-crypto-now-braced-for-a-10-trillion-earthquake-as-ethereum-bnb-xrp-solana-and-cardano-soar/?sh=5b7991ac4545&source=patrick.net
In March, a Credit Suisse analyst said the Russian war in Ukrainian will create a new world financial order that could boost the price of bitcoin and other cryptocurrencies.
"We are witnessing the birth of Bretton Woods III—a new world (monetary) order centered around commodity-based currencies in the East that will likely weaken the Eurodollar system and also contribute to inflationary forces in the West," Zoltan Pozsar, global head of short-term interest rate strategy at the giant investment bank, wrote in a report.
Money Money Money MONEY!!!
94
Cash
2022 Mar 31, 6:39am
PeopleUnited says
20yrs. lmao
Talk to me in 20 years so we can decide who is ignorant or exercised bad judgment.
20yrs. lmao
95
Cash
2022 Mar 31, 6:44am
ECASH - The US Civil Currency War - The Fed v. US Treasury v. The Banks
https://www.youtube.com/watch?v=1T4LpurZU6Y&t=156s&source=patrick.net
https://www.youtube.com/watch?v=1T4LpurZU6Y&t=156s&source=patrick.net
96
Maga_Chaos_Monkey
2022 Mar 31, 8:48am
Maga_Chaos_Monkey
2022 Mar 31, 8:48am
Rin says
Bumped it's head on the 200 moving day average. Lets see if it bounces off of that triangle then moves higher.
Well, you've got the next Fibonacci level, $48K-$49K to retest.
If that holds or breaks through, in terms of a weekly candlestick price bar close (not daily), then the bearish flag is completely annulled.
Bumped it's head on the 200 moving day average. Lets see if it bounces off of that triangle then moves higher.
97
Cash
2022 Mar 31, 10:38am
FJB says
Bumped it's head on the 200 moving day average. Lets see if it bounces off of that triangle then moves higher.The DXY is still in range an so I am not really looking for BTC to pop but rather hoping crypto stays in range and weakens a bit, looking to add more various coins to my stacks at some discount.
98
Cash
2022 Mar 31, 10:52am
Watch the USD high impact news indicators tomorrow right off the bat and watch the reaction.
https://www.forexfactory.com/calendar?day=apr1.2022&source=patrick.net
https://www.forexfactory.com/calendar?day=apr1.2022&source=patrick.net
99
Rin
2022 Mar 31, 2:04pm
Rin
2022 Mar 31, 2:04pm
Cash says
Without actually being too specific about the prognostication of cryptos, the market structure may change to make this happen.
Realize what happened back in the 80s and 90s, when a lot of Hong Kong businessmen & family members were moving to Canada, buying up real estate as well as equities. The idea was that when PRC took back HK from the British, that their money would be safe from confiscation in the Great White North. Well ... just recently, Trudeau proved that to be a fallacy. And now, for the rest of the west, for Russian nationals without dual citizenship (possibly renouncing the *SSR one) in a western nation.
That's a setup for the loss of confidence in western financial institutions and due process of the law. I mean seriously, is the average Russian a golf buddy of Putin? And thus, some hybridized system using crypto behind walls of application code, may be a way to maneuver w/o arbitrary political moves to seize ones assets.
In March, a Credit Suisse analyst said the Russian war in Ukrainian will create a new world financial order that could boost the price of bitcoin and other cryptocurrencies.
"We are witnessing the birth of Bretton Woods III—a new world (monetary) order centered around commodity-based currencies in the East that will likely weaken the Eurodollar system and also contribute to inflationary forces in the West," Zoltan Pozsar, global head of short-term interest rate strategy at the giant investment bank, wrote in a report.
Without actually being too specific about the prognostication of cryptos, the market structure may change to make this happen.
Realize what happened back in the 80s and 90s, when a lot of Hong Kong businessmen & family members were moving to Canada, buying up real estate as well as equities. The idea was that when PRC took back HK from the British, that their money would be safe from confiscation in the Great White North. Well ... just recently, Trudeau proved that to be a fallacy. And now, for the rest of the west, for Russian nationals without dual citizenship (possibly renouncing the *SSR one) in a western nation.
That's a setup for the loss of confidence in western financial institutions and due process of the law. I mean seriously, is the average Russian a golf buddy of Putin? And thus, some hybridized system using crypto behind walls of application code, may be a way to maneuver w/o arbitrary political moves to seize ones assets.
100
Cash
2022 Mar 31, 3:48pm
The main export of the USA is USDs, the world is flooded with them.
Rin says
I would like to see a vote of who here has confidence in either western financial institutions and due process of the law . The Eastern part of the world has been setting things up to cut the USD ropes around their necks for a while, particularly since 2014... Just wait till all these nations that really hate the 2 faces of the US start exiting and selling off USDs not wanting to be the last 1 holding. As I see it the pot has boiled over and once Putin proves he isn't fkg around we will soon have a cyber attack here in the US that has already been rehearsed and practiced as it were sponsored by Israel with 9 or 10 other nations participating not long ago. And anyone who believes it is Russia doing the attacking is easily misled and red flagged as the WEF has been warning of 1 so fairly certain they won't need Putins help and it's already in the mix of whats to come..Just like they warned of a pandemic. (PLANdemic)
Russian banks are planning a switch to China's card payment system after Mastercard and Visa halted operations, reports say
https://www.businessinsider.com/russian-banks-are-rushing-switch-over-chinese-card-system-2022-3?source=patrick.net
All You Need to Know About Mobile China Payment Systems
https://tenbagroup.com/all-you-need-to-know-about-mobile-china-payment-systems/?source=patrick.net
This is all above my pay grade so these are just some of what I see as possibilities, nothing more.
Rin says
That's a setup for the loss of confidence in western financial institutions and due process of the law.
I would like to see a vote of who here has confidence in either western financial institutions and due process of the law . The Eastern part of the world has been setting things up to cut the USD ropes around their necks for a while, particularly since 2014... Just wait till all these nations that really hate the 2 faces of the US start exiting and selling off USDs not wanting to be the last 1 holding. As I see it the pot has boiled over and once Putin proves he isn't fkg around we will soon have a cyber attack here in the US that has already been rehearsed and practiced as it were sponsored by Israel with 9 or 10 other nations participating not long ago. And anyone who believes it is Russia doing the attacking is easily misled and red flagged as the WEF has been warning of 1 so fairly certain they won't need Putins help and it's already in the mix of whats to come..Just like they warned of a pandemic. (PLANdemic)
Russian banks are planning a switch to China's card payment system after Mastercard and Visa halted operations, reports say
https://www.businessinsider.com/russian-banks-are-rushing-switch-over-chinese-card-system-2022-3?source=patrick.net
All You Need to Know About Mobile China Payment Systems
https://tenbagroup.com/all-you-need-to-know-about-mobile-china-payment-systems/?source=patrick.net
This is all above my pay grade so these are just some of what I see as possibilities, nothing more.
101
Cash
2022 Mar 31, 4:11pm
Bank are ALL broke!
https://twitter.com/i/status/1509335695294410758?source=patrick.net
https://twitter.com/i/status/1509335695294410758?source=patrick.net
102
Cash
2022 Mar 31, 4:40pm
A new world financial order will be negotiated, West will no longer have a veto: Moscow
https://insiderpaper.com/a-new-world-financial-order-will-be-negotiated-west-will-no-longer-have-a-veto-moscow/?source=patrick.net
“It is impossible to trust those who freeze the accounts of other states; steal other people’s business, assets and personal possessions, compromising the principles of sanctity of private property,”
https://insiderpaper.com/a-new-world-financial-order-will-be-negotiated-west-will-no-longer-have-a-veto-moscow/?source=patrick.net
“It is impossible to trust those who freeze the accounts of other states; steal other people’s business, assets and personal possessions, compromising the principles of sanctity of private property,”
104
PeopleUnited
2022 Mar 31, 7:40pm
PeopleUnited
2022 Mar 31, 7:40pm
Cash says
This is exactly what the gold bugs have been saying for years. So really all you are adding to this thread is fanboy brouhaha. But to your point, I do believe western governments will outlive XRP and develop digital currencies that they can control. They will simply ban, or label as terrorists anyone who stands in their way. Just look at what Trudeau is doing in Canada. It’s not about money, it is about control. And if cryptos begin to threaten their control, they will eliminate them. That is the main reason not to HODL, when the time is right the globalists will bury cryptos and/or the people who use them.
The DHS quote claims that XRP is not controlled by governments or institutions, if that is true they will move to eliminate it. If it is not true (a possibility I find more plausible) then they control it but want you to believe they don’t. Machiavellian and brilliant plan isn’t it?
I would like to see a vote of who here has confidence in either western financial institutions and due process of the law .
This is exactly what the gold bugs have been saying for years. So really all you are adding to this thread is fanboy brouhaha. But to your point, I do believe western governments will outlive XRP and develop digital currencies that they can control. They will simply ban, or label as terrorists anyone who stands in their way. Just look at what Trudeau is doing in Canada. It’s not about money, it is about control. And if cryptos begin to threaten their control, they will eliminate them. That is the main reason not to HODL, when the time is right the globalists will bury cryptos and/or the people who use them.
The DHS quote claims that XRP is not controlled by governments or institutions, if that is true they will move to eliminate it. If it is not true (a possibility I find more plausible) then they control it but want you to believe they don’t. Machiavellian and brilliant plan isn’t it?
105
PeopleUnited
2022 Mar 31, 7:48pm
PeopleUnited
2022 Mar 31, 7:48pm
Rin says
Yes John Murdoch or Neo is coming to free cryptos from the dark city matrix that is holding all captive. Or maybe what you are saying without directly saying it is that cryptos are in fact vulnerable to governments or other institutions who can (unless we hide them behind walls of magical imaginary application code) prevent investors from retrieving their crypto assets at will.
And thus, some hybridized system using crypto behind walls of application code, may be a way to maneuver w/o arbitrary political moves to seize ones assets.
Yes John Murdoch or Neo is coming to free cryptos from the dark city matrix that is holding all captive. Or maybe what you are saying without directly saying it is that cryptos are in fact vulnerable to governments or other institutions who can (unless we hide them behind walls of magical imaginary application code) prevent investors from retrieving their crypto assets at will.
106
Maga_Chaos_Monkey
2022 Mar 31, 8:30pm
Maga_Chaos_Monkey
2022 Mar 31, 8:30pm
PeopleUnited says
ALL this shit belongs on the bitcoin is stupid thread. Can't you fucking read? I assume you can given all your bible platitudes. Beat it!
This is exactly what the gold bugs have been saying for years. So really all you are adding to this thread is fanboy brouhaha. But to your point, I do believe western governments will outlive XRP and develop digital currencies that they can control. They will simply ban, or label as terrorists anyone who stands in their way. Just look at what Trudeau is doing in Canada. It’s not about money, it is about control. And if cryptos begin to threaten their control, they will eliminate them. That is the main reason not to HODL, when the time is right the globalists will bury cryptos and/or the people who use them.
The DHS quote claims that XRP is not controlled by governments or institutions, if that is true they will move to eliminate it. If it is not true (a possibility I find more plausible) then they control it but want you to believe they don’t. Machiavellian and brilliant plan isn’t it?
ALL this shit belongs on the bitcoin is stupid thread. Can't you fucking read? I assume you can given all your bible platitudes. Beat it!
107
Maga_Chaos_Monkey
2022 Mar 31, 8:30pm
Maga_Chaos_Monkey
2022 Mar 31, 8:30pm
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
https://www.cruz.senate.gov/newsroom/press-releases/sen-cruz-introduces-legislation-prohibiting-unilateral-fed-control-of-a-us-digital-currency?source=patrick.net
108
Maga_Chaos_Monkey
2022 Mar 31, 8:34pm
Maga_Chaos_Monkey
2022 Mar 31, 8:34pm
It's getting interesting:
Could go either way. I'm still hoping for a serious crash.
Could go either way. I'm still hoping for a serious crash.
109
Cash
2022 Mar 31, 8:36pm
PeopleUnited
I have no clue how this all works out in the end no more then you or anyone else does. Come back in 20yrs like you said you would, your wasting your time here
and it would be much better suited for the MISINFORMATION thread where you fit right in.
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.
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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.