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Thread: Bitcoin

  1. #517

    Default Re: Bitcoin

    Exactly, crypto, a complete waste of time and money. I am sure the rich got richer. While I did not.

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  3. #518

    Default Re: Bitcoin

    Quote Originally Posted by RealMoneyIssues View Post
    Exactly, crypto, a complete waste of time and money. I am sure the rich got richer. While I did not.
    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...






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  5. #519

    Default Re: Bitcoin

    ​Is this a buy signal?

    Top technical analyst says it could be 'game over' for bitcoin


    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

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  7. #520

    Join Date
    Oct 2010
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    1,009

    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    ​Is this a buy signal?

    Top technical analyst says it could be 'game over' for bitcoin


    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.
    There are 10 types of people in the world. Those who know binary, and those that don't!!
    Retired on December 31, 2018!!

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  9. #521

    Default Re: Bitcoin

    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.


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  11. #522

    Default Re: Bitcoin

    Too volatile. The whole concept is intriguing but I could never get into it.


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  13. #523

    Join Date
    May 2012
    Location
    Ohio
    Posts
    73

    Default Re: Bitcoin

    Anyone else still hodling through crypto winter?

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  15. #524

    Default Re: Bitcoin

    Nice little pop this week. I am not holding any.

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  17. #525

    Join Date
    May 2011
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    Default Re: Bitcoin

    Quote Originally Posted by Rfee View Post
    Anyone else still hodling through crypto winter?
    Ya I'm HODLing till I'm rich or broke. Bitcoin, Ripple, Cardano, EOS, Litecoin, TRON, NEO, Binance Coin, and some others small alts. I also have like 0.12% of the max supply of one that I helped create, Triton (XTRI), so that'll be fun if that ever catches fire.

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