Bitcoin has topped.

Do you think bull(crap) trend is over in Bitcoin?

  • Yes

    Votes: 18 60.0%

  • No

    Votes: 4 13.3%

  • Don't know

    Votes: 8 26.7%
  • Total voters
    30
  • Poll closed .
tsznecki said:
Well the sword cuts both ways. You've highlighted the failings on both ends.

How many of the BTC bears in this thread made money on now a 38% fall? @Master Pu @Pekelo @Butterfly @themickey @Overnight and whoever else.

I'm willing to bet none. If not, the bears can show their short positions and the stacks of cash they made from being short.

Which brings us to the core of the issue, this site isn't Elite Trader, it's at best Elite Observer. More likely Elite Bullshitter.
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Yes, you are very clever pointing out the obvious, I've said from the start, that this was a hypothetical call, but here you are again, rubbing it in, why don't you go and cry on your Mom's shoulder, you aren't welcome here! :p

Some people are really special, instead of offloading at the top and, if one is still a believer, reloading upon a discounted price, they come here bitching. A simple 'thank you' would have been more appropriate.
 
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Master Pu said:
Yes, you are very clever pointing out the obvious, I've said from the start, that this was a hypothetical call, but here you are again, rubbing it in, why don't you go and cry on your Mom's shoulder, you aren't welcome here! :p

Some people are really special, instead of offloading at the top and, if one is still a believer, reloading upon a discounted price, they come here bitching. A simple 'thank you' would have been more appropriate.
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Wow you took that pretty personally instead of reading it critically.

So I have a question for you then: How shit of a trader are you that you correctly called a 38% selloff and made no money on it?

How much money did you make on your short NDX trade in the other thread? Did you even have enough money to short 1 NQ? Or did you use MNQ because your account only goes up to $500? Post an account balance(you won't) LOL. #Poor?
 
tsznecki said:
Wow you took that pretty personally instead of reading it critically.

So I have a question for you then: How shit of a trader are you that you correctly called a 38% selloff and made no money on it?

How much money did you make on your short NDX trade in the other thread? Did you even have enough money to short 1 NQ? Or did you use MNQ because your account only goes up to $500? Post an account balance(you won't) LOL. #Poor?
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I have in the past, do you know what immediately follows? Accusations of being good with Photoshop. You can post live calls, analysis, blotters, be helpful to unappreciative weirdos like yourself, etc.

You see, there is no way to please a bitch.

I think you should stop dwelling on the past, so you wiped out your account, time to move on, stop being annoying to others and continuously breaking ET's rules.
 
Musk made a huge mistake when he told to accept BTC for buying a Tesla.
Fortunatelly he quickly saw his stupidity and withdrew the BTC for Tesla proposal.
If not he would have lost 10 to 40% on each car he sold because BTC went down and he said all the time he would not sell any BTC.
Even when paid un USD he cannot make any money from producing cars. From the start till today he lost money on building cars. He had to sell some BTC to manipulate the Q1 profits.

Do you see the "advantage" of buying and selling goods with BTC? I don't. If I would own BTC, the value of 1 BTC is only 60% of the price of 3 weeks ago. In USD nothing changed the last 3 weeks, in fact the last years nothing changed.
 
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virtusa said:
Musk made a huge mistake when he told to accept BTC for buying a Tesla.
Fortunatelly he quickly saw his stupidity and withdrew the BTC for Tesla proposal.
If not he would have lost 10 to 40% on each car he sold because BTC went down and he said all the time he would not sell any BTC.
Even when paid un USD he cannot make any money from producing cars. From the start till today he lost money on building cars. He had to sell some BTC to manipulate the Q1 profits.

Do you see the "advantage" of buying and selling goods with BTC? I don't. If I would own BTC, I could pay only 60% of the price of a Tesla compared with 3 weeks ago. In USD nothing changed the last 3 weeks, in fact the last years nothing changed.
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https://www.elitetrader.com/et/threads/tesla-tsla-has-topped.358793/
 
Bitcoin tumbles below $40,000 after China issues crypto warning
https://www.marketwatch.com/story/b...sues-crypto-warning-11621411944?siteid=yhoof2

The price of bitcoin dropped below $40,000 for the first time in months and other cryptocurrencies also dropped after the People’s Bank of China apparently warned against using digital coins as payment.

Bitcoin dropped nearly 7% to $40,275, bouncing off a 24-hour low of $38,585 in a month that has left the No. 1 cryptocurrency 28% lower. Bitcoin hasn’t traded below the $40,000 level since early February. Ether dropped 13% to $2,975, a level not touched since early May, just before the cryptocurrency soared to a record high above $4,000. Ripple dropped around 8% to $1.48.

The warning from China’s central bank was posted on its WeChat account, according to analysts and media reports.

“Late yesterday in Asia, the PBOC issued a warning about a rebound in speculation in virtual currencies. China announced that financial and payment institutions are banned from pricing or conducting business in virtual currencies. The story did not get much traction overnight but seems to be picking up steam this morning,” said Jeffrey Halley, senior market analyst at OANDA, in a note to clients.

The People’s Bank of China also reportedly said virtual currencies can’t be used as a form of payment because they aren’t real currencies. Financial institutions in China cannot facilitate bitcoin transactions, and exchange and platforms were banned in 2017 amid a crackdown. Many miners, once a huge presence in China, were forced abroad.

That’s as China has been making moves to create its own digital yuan.
 
One tweet from Musk, and one warning from China is enough to crash the BTC.
Who said that BTC cannot be stopped anymore?
Crypto's are very vulnerable, much more than fiat currencies.
 
virtusa said:
Monthly charts are close to confirmation that weekly is short too. So still too early to go long as there is no sign of a long at all. Better wait till the drop is completely absorbed by the market, which is not the case yet.
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