Bitcoin Price Thread

[pipeguy]

Trading is all about managing risk and probabilities. There isn't an absolute answer if btc will retrace to 9k.

You can buy on a breakout when its surging but then you need to have a wider stop loss (whether hard or mental)

Or you can wait and buy at a pullback and have a tighter stop loss, which will lower your risk but the pullback could be significantly higher price then if you just bought at a breakout.

There are pros and cons to both methods.

Yeah I know, I just wanted to hear your opinions and respective arguments here.

 

[Ed48]

My post is to put a small percentage of your net worth in Bitcoin and treat it as a long term investment hedge against the world financial system like you would gold only much better. I believe it is something that people will regret not doing. You will see a 400x growth one day from these current levels.

This is what I've done. 1% of my net worth. Buy and forget.

https://www.kanaandkatana.com/valua...11/the-case-for-a-small-allocation-to-bitcoin

 

[HolyGrailSeeker]

I think Blockchain technology is a game changer, but there are many coins better than bitcoin and we will see new ones supported by central banks, so I don't believe the bitcoin will be THE COIN, bitcoin will be replaced and drop to zero, of course after the whales unloaded their coins into bagholders

Maybe. Its hard to say. But I think Bitcoin will still live on, It is very resilent.

 

[pipeguy]

Maybe. Its hard to say. But I think Bitcoin will still live on, It is very resilent.

Yeah and it has real use. Personally I track its fundamentally justified potential from trends in ICO (how many start-ups open every month), as well as changes in number of BTC ATMs worldwide.

 

[johnarb]

Wed at 14k, today on Monday at 10k. What a wonderful stable market.

Hey, it's back over $13K after a week, what a wonderful unstable market

 

[heavenskrow]

Called bubble of bitcoin at 20k, after it dropped to 3k and made its move, im a LONG TERM BULL.

Here is my question - Why is the US government so in favor of supporting cryptocurrency? Was this set up by the ones in power who knew eventually US dollar would start to weaken?

Why did Iran recently ban bitcoin buying and selling? This would seem a better way to get help despite US sanctions/ would also be a good way to get money out if need be.

 

[EsKiller]

Called bubble of bitcoin at 20k, after it dropped to 3k and made its move, im a LONG TERM BULL.

OH REALLY ?

So I missed the train on bitcoin...mainly because my charting platforms did not have data to it. My shitty excuse is had I had data to it, I would have been well aboard by seeing historical price action.

Now that it's become mainstream over the past year, I can track it on Interactive Brokers, yay!! But data only goes from when it started trading back in December 2017.
Now that price has dropped 50% from its peak, it has caught my interest...Seeing that almost every non trader I knew was talking about bitcoin and were in it.
Example would be instagram sluts advertising bitcoin, coworker's mom into bitcoin investment pool, hippie backpacker i met at hostel, and a Ron Paul fanatic from the UK(which I am too but also realistic) saying it would go to a million.

Are there any good charting platforms to track historical Bitcoin price from inception?

This post from early 2018 shows that you didnt' call jack sh#t b/c you didnt have any data from it. Whats the point in lying ?

 

[heavenskrow]

OH REALLY ?



This post from early 2018 shows that you didnt' call jack sh#t b/c you didnt have any data from it. Whats the point in lying ?

not lying lol, its true i didnt have data until it came on the futures exchange.
but right after it came on board, i was saying its a bubble as everyone was talking about it who dont trade. Sure enough it tanked.. but after holding 3k, and moving higher- this market has changed my mind and made me believe it could easily take out 20k.

Now who can answer my question about US government and Iran? I'm curious why the US government are adopting policies that are so crypto friendly when US has most to lose if something changes in the reserve currency aspect?

 

[indicator777]

Crypto beating today.

 

[RedDuke]

Pay close attention to what NY DAs are doing. If they manage to shut down bitfinex and tether, this will stop be pump. This is insane, they keep printed 100s of millions of tethers, sending them to other unregulated exchanges and using them to pop up Bitcoin.

For example, using Coinbase you need to deposit real dollars to buy Bitcoin, but bitfinex just creates tethers, claims 1 to 1 peg, and also can use them to buy bitcoin.

This just can not end well.