Thread: Bitcoin

It's curious that with this growth of Bitcoin, most altcoins almost don't grow

By grow, do you mean go up in value, or do you mean interest in the "coins" is growing?

Heard a few people mention bitcoin "Wyckoff Accumulation" stage in late July to early August. Not much out there about it and I've never heard of it until now, but it is a compelling pattern at a key level that appears to be playing out. I'll have to read up on this Wyckoff method even if only for the historical aspect (1920's).

https://school.stockcharts.com/doku....wyckoff_method

https://cryptopotato.com/the-wyckoff...-still-intact/

From July 31:

wyckoff.JPG

https://cryptopotato.com/is-btcs-wyc...rice-analysis/

I mean the value increase

Bitcoin basing handle around $50k and looking for a move to mid-$50k very soon. I'm thinking the psychological $50k will bring a lot of money back in.

Bitcoin and Ethereum are getting slammed today, but bouncing off the 50-day EMA on the first move down.

Unreal. I wonder what people in El Salvador think right now.

Keep paying me in US Dollars.

Looks like they "bought the dip". "Appears the discount is ending". The crypto PPT.

400 on September 6.

150 in today's drop.

bukele.JPG

Will it bounce from the 38.2 fib retracement?

btcfib.JPG

Another whacky idea from left field of the CCP. All crypto transactions to be deemed illegal. It will also be illegal for overseas exchanges to provide services to China.

This has always been the #1 risk in bitcoin - governments shutting it down. The question is, how are they every going to do it? There are many ways to skirt using exchanges.

China declares all cryptocurrency transactions illegal Source: AP BEIJING (AP) — China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money. Chinese banks were banned from handling cryptocurrencies in 2013, but the government issued a reminder this year. That reflected official concern cryptocurrency mining and trading might still be going on or the state-run financial system might be indirectly exposed to risks. Friday’s notice complained Bitcoin, Ethereum and other digital currencies disrupt the financial system and are used in money-laundering and other crimes. “Virtual currency derivative transactions are all illegal financial activities and are strictly prohibited,” the People’s Bank of China said on its website.