Bitcoin Price Thread

Not calling tops but buyers above $40,000 Bitcoin will get punished for their greed and stupidity IMO.

50% dump is probable. Possibly from here, maybe from 50k, maybe from 60k. They say the first and the last eighth are the most expensive. How greedy are you?

The real party has not even started yet though. Altcoins is where most of the gains are made in the shortest period of time.
This happens in the latest part of the cycle(now) when greed is very high and emotions are highly elevated(no-one in their right mind would put their hard earned money in a scam internet coin otherwise.)

For those of you who are salty for having missed this Bitcoin run, this is where you should look for. Pick the right coin and with proper entry you can get 2-20x return in a relatively short period of time.
 
orbit23 said:
Not calling tops but buyers above $40,000 Bitcoin will get punished for their greed and stupidity IMO.

50% dump is probable. Possibly from here, maybe from 50k, maybe from 60k. They say the first and the last eighth are the most expensive. How greedy are you?

The real party has not even started yet though. Altcoins is where most of the gains are made in the shortest period of time.
This happens in the latest part of the cycle(now) when greed is very high and emotions are highly elevated(no-one in their right mind would put their hard earned money in a scam internet coin otherwise.)

For those of you who are salty for having missed this Bitcoin run, this is where you should look for. Pick the right coin and with proper entry you can get 2-20x return in a relatively short period of time.
More...

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maxinger said:
BTC can easily hit 50k soon.
Then it might hit 6 digits (100 000) or even 7 digits (1 000 000).
That is why the charting software allows you to change the Y-axis from
linear scale to log scale or perhaps log of the log scale.

By then, CME better creates mini, micro, or nano BTC.
If not, the margin requirement would be extremely extremely high.


The last time I did swing trading was ~ 2 decades ago.
Time for me to get ready to do just one swing trade on BTC.
Who knows, the price might drop from
7 to 6 to 5 to 4 to 3 to 2 to 1 digit at 89-degree gradient.
That will be the mother of all Tulip Mania.
Never miss such once in a millennium opportunity.
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How are you planning to profit from this Tulip Mania #2? Are you planning to short Bitcoin when it hits 6 or 7 figures (If it ever did)?
 
orbit23 said:
Not calling tops but buyers above $40,000 Bitcoin will get punished for their greed and stupidity IMO.
.
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No need to be coy. We know how you feel about bitcoin at $40K. You posted about it twice.

If you shorted earlier today, you could have made some money. Perhaps you'll get another chance, will you short bitcoin if it hits $40K again? Asking for a friend...
 
I (try to) trade with least bias possible. I both long and short.

But sometimes i like to have a context so i know on which side the traps are and in which direction i have to press, if there is any... At 20Kek i loved Bitcoin, at 40k$ i hate it.

If we made an explosive move back to 40k$, it would be a good short IMO. There's always possibility of getting fucked and it runs higher, but it's just another trade and idk if it's likely to happen anyways.

Idk what will happen, but it could've been distribution at 40k$(looks much like it), twitter was in full euphoria, many coins had peaked. Maybe it was just short term peak and we go higher.
Stocks are also mooning and euphoric, this will not last much longer. Look at Tesla lol. Elon musk the richest man on planet.

I think the overall context is that everything is topping, worldwide. We are lucky to have FED who injected the liquidity into the markets, preventing a collapse. But there will be consequences over the long term.. Nothing goes up forever..

I would be happy to see BTC at 100k$, just not sure that's realistic.

Anyways, whenever i post i am actually getting distracted and i often miss a trading setup. I actually block sites like elitetrader in the hosts file to prevent myself from getting distracted but sometimes i allow myself to take a look.
The right move right now though for a daytrader is just to be in the moment, trading the volatility and making the right decisions moment by moment and then unironically whatever happens you can be a part of it. Distractions are the biggest killer of performance though so i'll try to stay away for now.
 
orbit23 said:
I (try to) trade with least bias possible. I both long and short.

But sometimes i like to have a context so i know on which side the traps are and in which direction i have to press, if there is any... At 20Kek i loved Bitcoin, at 40k$ i hate it.

If we made an explosive move back to 40k$, it would be a good short IMO. There's always possibility of getting fucked and it runs higher, but it's just another trade and idk if it's likely to happen anyways.

Idk what will happen, but it could've been distribution at 40k$(looks much like it), twitter was in full euphoria, many coins had peaked. Maybe it was just short term peak and we go higher.
Stocks are also mooning and euphoric, this will not last much longer. Look at Tesla lol. Elon musk the richest man on planet.

I think the overall context is that everything is topping, worldwide. We are lucky to have FED who injected the liquidity into the markets, preventing a collapse. But there will be consequences over the long term.. Nothing goes up forever..

I would be happy to see BTC at 100k$, just not sure that's realistic.

Anyways, whenever i post i am actually getting distracted and i often miss a trading setup. I actually block sites like elitetrader in the hosts file to prevent myself from getting distracted but sometimes i allow myself to take a look.
The right move right now though for a daytrader is just to be in the moment, trading the volatility and making the right decisions moment by moment and then unironically whatever happens you can be a part of it. Distractions are the biggest killer of performance though so i'll try to stay away for now.
More...

When you use words like greed, greedy or stupid for bitcoin buyers above $40K, they can easily apply to anyone hodling bitcoin at those levels and not cashing out.

I can't speak for other long term hodlers, but greed is not my motivation. I'm fearful of a bitcoin crash. I'm worried of another dark winter (bear market for bitcoin and cryptos). We have much to lose now.

What I want more than a continued price increase in bitcoin is if we stayed at this level (above $30K). There's yield on bitcoin and cryptos which means there's passive income even without price increase. Yet, I continue to hodl given the risks, since I don't believe it's worth it to "cash out" and incur the taxes and invest in something else, i.e. stocks or hold fiat which is being inflated by the CB's.

I bought more bitcoin @ ~$35K, conversion from another pfolio position, but that's for a planned sale/cash out to $ this week

Anyway, just like someone is invested in AAPL at over $2.2T valuation or AMZN at over $1.5T valuation, they believe in their investments, so do we wrt bitcoin & cryptos and it's not about being greedy or stupid, but having the conviction to put the capital at risk.

Disclosure: currently long 13 btc's (1.6 btc deposited earning interest)


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Yeah i am not going to comment on it anymore :p. I could see a crash coming and we got it. And 15% is a shitload for a trader, but a hodler will not even blink an eye

I recall in 2017 we had similar shakeouts towards the later stages of the cycle, but we still went much higher into the blow-off top. Might be the same. Who knows, wait and see. No clue what's next, i guess we wait for the next opportunity.
 
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