Bitcoin Price Thread

[johnarb]

Right up until it tops. Then the ignorant will jump in whole hog.

Fear (of a loss) is stronger than greed (wanting more profits). I think fomo is somewhere in the middle.

 

[Sprout]

The world has so much excess wealth it doesn't know what to do with it. Some flows into yachts that never get used, art that is never looked at and bitcoin as a hedge against the devaluation of fiat. Whether it is useful to you or I doesn't really matter. Bitcoin is a reality that exists regardless of our comprehension or personal use case.

No doubt that the Average and Institutional investor's sentiments change over time.
https://news.bitcoin.com/jpmorgan-gold-etfs-bitcoin/

One of the more stellar visualizations on the subject:

https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/

There is so much room to grow.

 

[They]

A couple of BTC market profile charts I am looking at; 20, 5 & 1 day side by side and 20 days of daily profiles...

 

[johnarb]

$16K per bitcoin (btc) Hope it holds

 

[DonGiorgio]

Things look good. I would like to see the rest of the cryptos follow...

 

[They]

Lets see if my short term BTC Top Finder pegs this one or gets blown out by a Naysayer Bear Crushing Rally from Hell. Vwap from lows with 2 std dev (green) and a 24 hour ATR (yellow) added to the std dev.

 

[They]

Follow up

 

[Russell Shuffle]

BTC starting to tip-toe out of my upper volatility range. Have to wonder if a stab at/above 17k can hold in the short-term. Anyone who added at 5k earlier in the year is sitting on some nice holiday cheer, that they might want to lock in. ST capital gains always suck, but so does diminishing profits.

 

[They]

Looks like it has gone around 20% above your bands a couple of times. We'll just have to watch and wait what happens this time.

 

[They]

I adhere to this narrative...

https://twitter.com/x/status/1328174324650364928