Bitcoin thread anyone?

(Futures Magazine - web-based)

Crypto Market - Traders are looking for signs that theMt. Gox bankruptcy trustee is preparing to unlock 150,000 BTC for creditors.

Many traders feel that a massive liquidation from BTC to cash could create a temporary flash crash. Most creditors were long BTC from 300- 400 when Mt. Gox was declared insolvent. The price is now around 21,300.

The prospect of a rumored 150,000 BTC flooding the market gets real as Mt. Gox creditors choose how much money to receive in cash, Bitcoin, or Bitcoin Cash.

In fresh correspondence dated July 6, attorney Nobuaki Kobayashi, appointed trustee in the Mt. Gox rehabilitation process, confirmed that he was "preparing to make repayments" to account holders.
 
If it does and most likely will cause a flash crash I'm buying that crash !
Coinbase been dicks again limiting my buy orders luckily I have Instacoins as a backup .
Just can't be arsed with another exchange again .
Where do people see bitcoin bottoming out ? I see a big OB at $12k could be wrong anyone see it going lower
 
Jungletrader said:
If it does and most likely will cause a flash crash I'm buying that crash !
Coinbase been dicks again limiting my buy orders luckily I have Instacoins as a backup .
Just can't be arsed with another exchange again .
Where do people see bitcoin bottoming out ? I see a big OB at $12k could be wrong anyone see it going lower
More...

Hard to tell ill be waiting for clear confirmation of at least a break in bearish structure followed by higher highs and lower highs. Im going to react more than predict.

I don't use Coinbase either anymore im using Binance and Crypto.com for exchanges and just using instacoins too to buy up a small amount each month into my wallet. Can't be dealing with Coinbase any more to be honest.
 
Jungletrader said:
If it does and most likely will cause a flash crash I'm buying that crash !
Coinbase been dicks again limiting my buy orders luckily I have Instacoins as a backup .
Just can't be arsed with another exchange again .
Where do people see bitcoin bottoming out ? I see a big OB at $12k could be wrong anyone see it going lower
More...

Did you pull this level by the range on the monthly?

It clarifies what levels are interesting.

Personally, on a higher timeframe, I'm looking for another leg down as more shorts load up.
 
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Jungletrader said:
Where do people see bitcoin bottoming out ? I see a big OB at $12k could be wrong anyone see it going lower
More...
My crystal ball is a little cloudy. I'll have to react rather than predict. I the past winters have any bearing on what happens next, the lows for the last couple were under 4K.
At that time there were less BTC in circulation and the volume of BTC being traded was greater.
 
deaddog said:
My crystal ball is a little cloudy. I'll have to react rather than predict. I the past winters have any bearing on what happens next, the lows for the last couple were under 4K.
At that time there were less BTC in circulation and the volume of BTC being traded was greater.
More...

Kucoin BTCUSD data

BTC volume - Screenshot 2022-08-29 083409.png
 
Jungletrader said:
If it does and most likely will cause a flash crash I'm buying that crash !
Coinbase been dicks again limiting my buy orders luckily I have Instacoins as a backup .
Just can't be arsed with another exchange again .
Where do people see bitcoin bottoming out ? I see a big OB at $12k could be wrong anyone see it going lower
More...
I've been having similar issues with Coinbase. Is it worth switching over to Instacoins completely to avoid it? I need to either switch or get a backup.
 
HeavLeighGill said:
I've been having similar issues with Coinbase. Is it worth switching over to Instacoins completely to avoid it? I need to either switch or get a backup.
More...
Not sure about completely as you will need a wallet to transfer to but if you want to avoid the complications then they are a viable options I'd say. Can always just transfer to a ledger instead.
 
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