Bitcoin Price Thread

[schweiz]

With your expertise on bitcoin as a trading instrument coupled with your vast IT experience, I think you should contact the people below to warn them of their misguided plans:

[borrowed from another thread's content]:

• Andreessen Horowitz is "investing aggressively" in crypto, even as bitcoin and other cryptocurrencies have dropped by more than 50 percent this year.
• The company raised $300 million for its first crypto-focused fund and is bringing on its first female general partner, former U.S. Department of Justice prosecutor Katie Haun, to lead the effort.
• ...

David Paul Morris | Bloomberg | Getty Images
Marc Andreessen, co-founder and general partner of Andreessen Horowitz

Your cut and paste is not entirely correct. This was in the article too:

"While most of the fund will be invested in early-stage startups, the firm will also be able to invest more than 20 percent of it into cryptocurrencies or tokens, including Bitcoin and Ethereum.
But he added that A16Z isn't investing in cryptocurrencies themselves as a speculative bet."

• 80% will be invested in startups, so companies who try to catch people to make them buy crypto's while the startups make the big money.
• Only 20% will be invested in coins.
• The 20% is a speculative bet. Not an investment.

https://www.bizjournals.com/sanjose...sen-horowitz-300m-crypto-fund-katie-haun.html

 

[maxinger]

[QUOTE="j

• ..... "investing aggressively" in crypto, even as bitcoin and other cryptocurrencies have dropped by more than 50 percent this year.......

This reminded me of my 'good' old days.
Price dropped and I went to invest aggressively.
Price dropped further and I went to buy even more thinking it was dirt cheap and price would make U turn and skyrocket to the moon.

Human beings could be rather strange .
Some simply cannot learn from past lessons as they are blinded by greed.

 

[schweiz]

[QUOTE="j

• ...s "investing aggressively" in crypto, even as bitcoin and other cryptocurrencies have dropped by more than 50 percent this year.

This reminded me of my 'good' old days.
Price dropped and I went to invest aggressively.
Price dropped further and I went to buy even more thinking it was dirt cheap and price would make U turn and skyrocket to the moon.

Human beings could be rather strange .
Some simply cannot learn from past lessons as they are blinded by greed.

Each drop after the 19K top was a "cheap opportunity to buy coins".
And each time it became clear that what seemed to be cheap was in fact expensive.
This scenario repeated itself over and over again. We "waved down" already till 6K. Still 6K to go.

Illini posted:"...well just maybe, just maybe the bottom may be near."

One thing is clear: the final bottom, which is 0K, is much closer than the highest high till now. 6K away from the bottom and over 13K away from the top.

 

[sle]

So how many of you fine gentlemen made any money on this particular move? Because so far all of this sounds like you're all stroking your confirmation bias in unison...

 

[schweiz]

So how many of you fine gentlemen made any money on this particular move? Because so far all of this sounds like you're all stroking your confirmation bias in unison...

I think it is a ponzi scheme, so consequently I don't trade crypto's.
I daytrade however other products that made me much more money then I could make trading crypto's.
I probably made also more money than the average crypto trader. Not all crypto traders became already millionaires.

From those I know personally:

• nobody even made 1 million
  
• nobody even made what I made in my trading
• there are more losers then winners

 

[Pekelo]

So how many of you fine gentlemen made any money on this particular move?

I bought in at 19K because I was promised the Moon. Oh that is not what you asked?

This is a price discussion thread, not a P/L... Speaking of price, here is how BTC will look eventually:

 

[dozu888]

So how many of you fine gentlemen made any money on this particular move? Because so far all of this sounds like you're all stroking your confirmation bias in unison...

similar to another reply.... I don't trade cryptos... unregulated, too thin, too much manipulation... have made enough money in other stuff (good stuff), with the same principles - public sentiment, and how the media machine is used to sway the public.

there are so many clues.... this game is easier than Texas Hold'em.

 

[sle]

I don't trade crypto's <snip> I probably made also more money <snip>

<snip> I don't trade cryptos... unregulated, too thin, too much manipulation... have made enough money in other stuff

<snip> This is a price discussion thread, not a P/L... <snip>

Oh, okay then

Talking shit with conviction is way easier, indeed. I do not have a position either (well, not anymore since I donated my whopping 5 coins to a dog rescue when USDBTC was at 13k), so I don't have a view. I certainly as f*ck though would not take a short position.

 

[dozu888]

Oh, okay then

Talking shit with conviction is way easier, indeed. I do not have a position either (well, not anymore since I donated my whopping 5 coins to a dog rescue when USDBTC was at 13k), so I don't have a view. I certainly as f*ck though would not take a short position.

been hanging out mostly in a different site in the past few years, making real time comments on equities... talking shit is easier when there is no position, but not 'way easier'.

 

[Pekelo]

I would say, when I am not invested I can be more objective on a stock. When you are long you are talking your book and find everything bullish. The same with shorts.

We just give EXPERT commentary...

(as opposed to wishful thinking and cultist hope on r/bitcoin)