Exactly, crypto, a complete waste of time and money. I am sure the rich got richer. While I did not.
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Exactly, crypto, a complete waste of time and money. I am sure the rich got richer. While I did not.
Sent from my S9+ using Tapatalk
I don't know. This pattern has played out many times since bitcoin's inception. Same fear and greed, just more participants today. It's been quite a ride for those "hodling" but anyone who bought prior to mid-2017 is doing fine. Greed gets to buyers when it goes parabolic. I assume fear will get many of them on this current decline as well.
The red arrows show where the prior chart left off...
http://www.tsptalk.com/images/mb/080818c.gifhttp://www.tsptalk.com/images/mb/080818d.gif
http://www.tsptalk.com/images/mb/080818e.gif
http://www.tsptalk.com/images/mb/080818f.gif
Is this a buy signal? :D
Top technical analyst says it could be 'game over' for bitcoin
Quote:
Renaissance Macro Research says if the price of bitcoin breaks its key year-to-date support level the digital currency will be "permanently impaired."
The price of bitcoin is down roughly 14 percent over the past week. The cryptocurrency fell about 6 percent on Wednesday after the U.S. Securities and Exchange
Commission delayed a decision on a proposed bitcoin exchange-traded fund.
https://www.cnbc.com/2018/08/09/top-...r-bitcoin.html
To continue this discussion on if it's a good time to buy.....
Yesterday I picked up 500 shares of GBTC EFT @ $9.20. Today it closed around $9.70! 5% in one day is not bad....just needs to continue.
Especially in my case. Prior to this buy, I had bought at $16.50 and again at $14.50. At least I lowered my cost basis a little. I like my chances going forward.....anyone hear the prediction of Bitcoin heading up to $60K within 5 years???
Didn't think so.
Ugh! This is one ugly chart. The high 5000's seems to be holding but this chart suggests $4500 - $4800 if the head and shoulders breaks down. I'm flat waiting to see which way it wants to go next. I may move to trading the futures so I can short it if the neckline breaks.
http://www.tsptalk.com/images/mb/091018c.gif
Too volatile. The whole concept is intriguing but I could never get into it.
Anyone else still hodling through crypto winter?
Nice little pop this week. I am not holding any.
Interesting development. The CBOE is going to discontinue Bitcoin futures contracts because of lack of trading volume.
They added them when bitcoin was flying high and near the highs. Is this the tell that the bottom is in? :scratchchin:
Don’t look now, but bitcoin is showing signs of life
In a revival of sorts, digital assets are back on the rise. By late 2018, even the staunchest bitcoin aficionado wondered if the end was ever insight to a brutal bear market that wiped more than $500 billion off the total value of all cryptocurrencies.
https://finance.yahoo.com/m/a8e6d18f...html?.tsrc=rss