Bitcoin Price Thread

[NoahA]

BlackRock should not be trusted. But you knew that was coming.

The thing is that if they don't actually have the amount of Bitcoin that their fund seems to show based on how many dollars went in, that is a huge problem. Paper Bitcoin took down FTX afterall.

I honestly don't understand how all this buying pressure is getting absorbed. Do all of these OTC desks have access to a shit ton of Bitcoin??

 

[schizo]

What is up with your completely incongruous and insensitive lack of the proper use of pronouns?
She?!!!!
I need a safe space.
You really hurt me Schiz.

Chill, dude. Those who suffer from bipolar disorder (or better know as manic/depressive) are mostly she. But I digress.

 

[schizo]

The sky is falling! Holy crap guys try zooming out the chart for once in awhile...nothing is happening.

Nothing is happening??!! The arrow below indicates when I posted the previous post. Look where we're now trading?

What I wanna know is what the hell is the catalyst for the selloff tonight? I wasn't able to find it.

 

[schizo]

I honestly don't understand how all this buying pressure is getting absorbed. Do all of these OTC desks have access to a shit ton of Bitcoin??

Maybe you should ask John. If what he said was correct, that ETF is beneficial for BTC (remember?), we should be trading at $100K already. Now I ain't saying this to be sarcastic, but I too wanna know why we haven't moved up in the last 5 months. Clearly, it doesn't add up. And although I can't give you any definitive answer, my "hunch" is that it's tied to BlackRock, be it directly or indirectly. They have the financial clout to move the market that nobody else has and, not to mention, political ties to make what's impossible possible. That's my worthless 2-cents. But enough with conspiracy theory. Now back to trading.

 

[wxytrader]

Maybe you should ask John. If what he said was correct, that ETF is beneficial for BTC (remember?), we should be trading at $100K already. Now I ain't saying this to be sarcastic, but I too wanna know why we haven't moved up in the last 5 months. Clearly, it doesn't add up. And although I can't give you any definitive answer, my "hunch" is that it's tied to BlackRock, be it directly or indirectly. They have the financial clout to move the market that nobody else has and, not to mention, political ties to make what's impossible possible. That's my worthless 2-cents. But enough with conspiracy theory. Now back to trading.

Nothing is happening??!! The arrow below indicates when I posted the previous post. Look where we're now trading?

What I wanna know is what the hell is the catalyst for the selloff tonight? I wasn't able to find it.

View attachment 341993

You guys have absolutely no clue lol. It was always likely we see 50ks before we see 100k. I was calling for 100k maybe end of year with a double correction.

AND we still haven't broken the .5 fib so 74k still in play.

 

[Sprout]

You guys have absolutely no clue lol. It was always likely we see 50ks before we see 100k. I was calling for 100k maybe end of year with a double correction.

AND we still haven't broken the .5 fib so 74k still in play.

"You guys have absolutely no clue lol"
Down before up AND up before down
"If you had been paying attention I have been calling this every step of the way"

 

[schizo]

You guys have absolutely no clue lol. It was always likely we see 50ks before we see 100k. I was calling for 100k maybe end of year with a double correction.

AND we still haven't broken the .5 fib so 74k still in play.

Now I'm no stranger to flip flop, but this dude is in a league all his own. LMAO

This is for sure. No matter which one comes first, whether 50K or 100K, you will still say "see, just as I told you". I say keep your trap shut until then.

 

[johnarb]

What I wanna know is what the hell is the catalyst for the selloff tonight? I wasn't able to find it.

Bitcoin usually sells off ahead of the FOMC meeting, look up all the other FOMC going back to 2022

I sold my mstr calls near the high last week corresponding to ~71k/btc, which has been the major resistance level on this btc trading range

, holding cash waiting for taxes, earning 5% apy, I do have a tiny mstr call options position for next year, but not a risk to tax obligations

Easy trade, no stress

Bitcoins are in the wallet, waiting for 300K-1M/btc to sell a few, easy trade no stress

Maybe you should ask John. If what he said was correct, that ETF is beneficial for BTC (remember?), we should be trading at $100K already

Thanks for bringing me in, mate. I was trying to stay away, I logged in earlier but did not post only clicked likes...

ETF's are 100% beneficial to btc, anyone who thinks otherwise does not understand markets, key word liquidity

No, $100k before eoy, or I leave ET for good

Clearly, it doesn't add up. And although I can't give you any definitive answer, my "hunch" is that it's tied to BlackRock, be it directly or indirectly. They have the financial clout to move the market that nobody else has and, not to mention, political ties to make what's impossible possible. That's my worthless 2-cents. But enough with conspiracy theory. Now back to trading.

Blackrock is the biggest holder public company of bitcoins through IBIT , bigger than Fidelity, GBTC or MSTR, and yet, the $ value of $20B is probably less than Blackrocks Travel and Expense budget (maybe plus petty cash, although I doubt it)

Blackrock ain't risking their reputation, legal problems, and bitcoin business by not owning bitcoins as required by the SEC disclosure

The price manipulators are the bitcoin whales and also the US companies traders are able to play price manipulation games, take from that who those companies are

Bitcoin whales have played price manipulation games for over a decade all discussed on Reddit, don't believe me ask the expert and one of the earliest ET to Bitcoin Pekelo

Arthur Hayes the founder of Bitmex and inventor of perpetual futures and his whale buddies were hated by the Bitcoin hodlers their indictment was celebrated (not by me, I'm too insignificant to care about matters way higher than my paygrade)

https://en.wikipedia.org/wiki/Arthur_Hayes_(banker)

Nowadays we got PVP bitcoin whales and fiat-whales trading to liquidate traders for maximum pain

No thanks, I stopped trading months ago in that bi-polar female market, that's too much headache (heartache)

"Bitcoins are in the wallet, waiting for 300K-1M/btc to sell a few, easy trade no stress"

 

[wxytrader]

Now I'm no stranger to flip flop, but this dude is in a league all his own. LMAO

This is for sure. No matter which one comes first, whether 50K or 100K, you will still say "see, just as I told you". I say keep your trap shut until then.

I realize the depth of your guys knowledge is drawing horizontal lines on the chart lol...that's not how price moves.

Until .5 fib is broken then 74k still in play. Either way probably not seeing 100k till the end of the year.

The chart hasn't changed since March. Let's see if you guys can post something other than meaningless breakouts on the 5 minute chart.

 

[semperfrosty]

View attachment 341990



"In Elon we trust."

Hahaha

In Elon and vanzandt we trust! haha

More than doubled my (still small) holding on your advice!

Made me read a lot more about doge and I sort of get the vibe of it now.Its sort of an ironic project,almost a rebel coin.