Bitcoin Price Thread

deaddog said:
Thanks for the link but it's way over my head. In theory you should be able to see where those bitcoins he bought are coming from.
Can you tell if they are actual purchases or just transfers from an other account?
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Probably some South American drug gang, or some Russian oligarchs or Putin himself.
 
johnarb said:
Oops, it seems I missed it

So you were being dishonest when you asked me...?

Tsk tsk... typical of you, deaddog
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No, I wanted to know the answer and felt that you would probably know. You are the resident bitcoin expert and I very much trust that you will give an honest answer as to how bitcoin trades.
I do have problems trusting your analysis of where you think bitcoin will go. I hope you are right but I'll have to see it to believe it.
 
deaddog said:
No, I wanted to know the answer and felt that you would probably know. You are the resident bitcoin expert and I very much trust that you will give an honest answer as to how bitcoin trades.
I do have problems trusting your analysis of where you think bitcoin will go. I hope you are right but I'll have to see it to believe it.
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Chain analysis is subjective, with more confidence as you encounter known addresses or if you have a paid subscription. It's tedious if doing it manually

I'm not a short term trader, unless it's a bull market. I have posts here where buying and selling within 24 hours resulted in high percentage profits. It's very much true that a bull market makes everyone a genius

This bear market has me in a conundrum. No job and lots of time staring at BTC and other cryptos prices oscillating in a trading range, unable to break out to the upside for too long but also has found a bottom for now, anyways

I just closed my 4th BTC perp futs long only trade. The trading range is intact but honestly prefer the bull market. I guess I'm not built to be a trader but pretending to be one for now


upload_2022-9-5_16-42-15.png
 
I'm impressed how well BTC has held in there. It seems to be less correlated to the NDX than it was before. There must be a lot of believers at around $20K.

Its probably best to just wait for the Fed to stop raising interest rates and go long then.
 
nitrene said:
I'm impressed how well BTC has held in there. It seems to be less correlated to the NDX than it was before. There must be a lot of believers at around $20K.

Its probably best to just wait for the Fed to stop raising interest rates and go long then.
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Yes indeed very impressive. LOL.

btc.jpg
 
The man behind the account that is buying blindly might be hyper crypto wanker, Micky Saylor.

Since he is balls deep in the mud he might be that desperate.
 
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