Is anyone else starting to become a bit excited?

Lex Luthor

Addison Fancy Macrame wrote: »

That was some overnight wick down to $9735!

Exchanges raiding stops I'd say. Nasty!


One of the reasons why I don't trade and only HODL.

I think that was inevitable as there was a CME futures gap around $9,900 which got filled nicely

It now frees up to go push on this week

These gaps are really good to make a quick trade for a couple 100eur every week
They nearly always get filled

Its always a good idea to move out your stop loss after a weekend if you are in a trade cos these wicks can burn you as I found out once to my detriment
Thankfully I havent been caught since

q85dw7osi4lebg

Lex Luthor wrote: »

I think that was inevitable as there was a CME futures gap around $9,900 which got filled nicely

It now frees up to go push on this week

These gaps are really good to make a quick trade for a couple 100eur every week
They nearly always get filled

Its always a good idea to move out your stop loss after a weekend if you are in a trade cos these wicks can burn you as I found out once to my detriment
Thankfully I havent been caught since

But isn't there still a gap around 7600-7700 from 6th Jan?

Unless all gaps get filled before the post halving pump, the idea that all or most gaps get filled goes out the window, thankfully.

Speaking of CME / Bakkt, futures prices don't seem to factor in the halving at all!

q85dw7osi4lebg

And another gap at $8540 on the daily now that I look at it!

Lex Luthor

ya there are a couple more lower down but theres a fair bit of support above them so may not get filled
generally the ones that are closer and have no resistance or support typically get filled

I think there is one at $11.8k from a good while back that never got filled either

cnocbui

Addison Fancy Macrame wrote: »

$9970



8 months of bargain accumulation coming to an end

Nice to see your considerable cojones, well rewarded.

q85dw7osi4lebg

cnocbui wrote: »

Nice to see your considerable cojones, well rewarded.

It’s only money, if I lose it I lose it !

Dollar cost averaging since the start of this thread.

q85dw7osi4lebg

(Have finally made back losses from HIVE!)

Lex Luthor

Current rising wedge has my spidey senses telling me we are due a little correction short term

Dohnjoe

Wow

cnocbui

Is that a chart of coronavirus cases or Bitcoin, I'm looking at?

rapul

Alot of positive movement, been a good few days

bri007

A push to €10k for bitcoin

banie01

Lex Luthor wrote: »

Current rising wedge has my spidey senses telling me we are due a little correction short term

Yeah I thought that last week :pac:

q85dw7osi4lebg

If we don't get out of this wedge to 10.5k level, we'll be back to 9950 ish shortly.

Not that it makes any blind bit of a difference in the long run, but fun to watch.

Bob24

BTC is obviously doing well, but ETH is on fire with 33% price increase in the past week (vs 12% for BTC).

Wondering how long that momentum can sustain ...

Thargor

Very nearly dumped my Eth many times in the last few weeks, a return to previous highs would suit me very well at the minute, house hunting.

Frozen Veg

Thargor wrote: »

Very nearly dumped my Eth many times in the last few weeks, a return to previous highs would suit me very well at the minute, house hunting.

Previous high =$700ish??

jimmii

Frozen Veg wrote: »

Previous high =$700ish??

Just over $1400 early 2018. Let's not be greedy though I'd take 700 lol!

Bob24

Frozen Veg wrote: »

Previous high =$700ish??

Around the time BTC reached 20000 USD, ETH peaked around 1300. But they was very short lived.

Bob24

jimmii wrote: »

Just over $1400 early 2018. Let's not be greedy though I'd take 700 lol!

Yeah for anyone who got ETH anytime in the past year, that would already be a nice gain! (But we’re not their yet :-))

jimmii

Bob24 wrote: »

Yeah for anyone who got ETH anytime in the past year, that would already be a nice gain! (But we’re not their yet :-))

Just a little way to go lol! Probably best not get too excited at least until we're matching 2019 highs.

Lex Luthor

ya ETH looks to be winding itself up for a massive pump

If it breaks the key resistance level above it and get above €250, this thing could take off like a moon shot by 200-300%

Frozen Veg

Lex Luthor wrote: »

ya ETH looks to be winding itself up for a massive pump

If it breaks the key resistance level above it and get above €250, this thing could take off like a moon shot by 200-300%

Hopefully.

q85dw7osi4lebg

I'd like to see ETH pump but I think when BTC reaches previous ATH, ETH will probably only be half its previous ATH.

Probably wrong.

Bob24

Now counting on Irish Times readers to keep the momentum going :-) - https://www.irishtimes.com/business/markets/bitcoin-looks-to-have-breached-10-000-1.4171374

q85dw7osi4lebg

Bob24 wrote: »

Now counting on Irish Times readers to keep the momentum going :-) - https://www.irishtimes.com/business/markets/bitcoin-looks-to-have-breached-10-000-1.4171374

Top is in

maninasia

Addison Fancy Macrame wrote: »

I don't know how people have the time or energy to trade sh1tcoins like ethereum

Haha ðŸ˜

q85dw7osi4lebg

maninasia wrote: »

Haha ðŸ˜

Stop looking backwards and start looking forwards. Ethereum was once worth less than a dollar and you call it a ****coin.


The joke is on you then.

They never could imagine the current prices but it happened. I'm also not a fortune teller but time is going to to be your friend with ethereum. What is the recognition of the general public about erhereum right now ? I believe less than one in a thousand own any crypto right now. We are still very much in early adopter phase.

Defi alone is a massive use case for ethereum..I've used it and it works really well. You borrow off your own collateral almost instantly. No regulations and no borders and almost free transaction except for the interest rates.

I'm going to ride Ethereum into the stratosphere. There's no real challenger.. You've got two huge crypto events this year, bitcoin halving and Eth 2.0 and this thing is just getting started.

It's still down 80% in 2 years against FIAT.

It's down 78% in the same period against Bitcoin.

cnocbui

maninasia wrote: »

Haha ðŸ˜

Stop looking backwards and start looking forwards. Ethereum was once worth less than a dollar and you call it a ****coin.


The joke is on you then.

They never could imagine the current prices but it happened. I'm also not a fortune teller but time is going to to be your friend with ethereum. What is the recognition of the general public about erhereum right now ? I believe less than one in a thousand own any crypto right now. We are still very much in early adopter phase.

Defi alone is a massive use case for ethereum..I've used it and it works really well. You borrow off your own collateral almost instantly. No regulations and no borders and almost free transaction except for the interest rates.

I'm going to ride Ethereum into the stratosphere. There's no real challenger.. You've got two huge crypto events this year, bitcoin halving and Eth 2.0 and this thing is just getting started.

A case of you take the low road and I'll take the high road. I'm only interested in Bitcoin and I'm more than happy with how my investment/punt has performed.

Dohnjoe

Addison Fancy Macrame wrote: »

It's still down 80% in 2 years against FIAT.

It's down 78% in the same period against Bitcoin.

It's doing quite well, it was $1 in 2016, I got it for $10 in 2017, It hit around $1400 later that year. That was far larger growth than my BTC in the same period (1K to 20K), a sharper reversal in the bear was only natural

It's currently $250, not bad

q85dw7osi4lebg

Dohnjoe wrote: »

It's doing quite well, it was $1 in 2016, I got it for $10 in 2017, It hit around $1400 later that year. That was far larger growth than my BTC in the same period (1K to 20K), a sharper reversal in the bear was only natural

It's currently $250, not bad

Bad or not bad, it's performed worse over the last two years (most people didn't buy at $1 or $10).

I don't care if people fancy spending their time and money trading it, but it's not for me (it was briefly in the past).

Dohnjoe

The last 2 years have been a bear market, BTC seems to do better than other coins in those markets.

Bought my first BTC in 2013. However since 2016 Eth has generally been returning higher gains.

Alts are more elastic and risky than BTC, so while they can drop much lower, it also means their gains can be much higher (e.g. Ripple went up 70,000% in 9 months in 2017)

Nothing wrong with sticking solely with BTC and nothing wrong with diversifying with BTC and a few alts

Frozen Veg

Dohnjoe wrote: »

The last 2 years have been a bear market, BTC seems to do better than other coins in those markets.

Bought my first BTC in 2013. However since 2016 Eth has generally been returning higher gains.

Alts are more elastic and risky than BTC, so while they can drop much lower, it also means their gains can be much higher (e.g. Ripple went up 70,000% in 9 months in 2017)

Nothing wrong with sticking solely with BTC and nothing wrong with diversifying with BTC and a few alts

Depends on the value one is investing and their risk appetite.

The choice of coin is much different if it's a €100 speculative punt compared to a €10000 investment.

maninasia

Addison Fancy Macrame wrote: »

It's still down 80% in 2 years against FIAT.

It's down 78% in the same period against Bitcoin.

So by picking the top of the last cycle your argument is ?

maninasia

cnocbui wrote: »

A case of you take the low road and I'll take the high road. I'm only interested in Bitcoin and I'm more than happy with how my investment/punt has performed.

In terms of covering the bases I go for both the low and high road and also some streams in between.. A lot of folks that have attachment to bitcoin started into crypto well over three years ago.

q85dw7osi4lebg

maninasia wrote: »

So by picking the top of the last cycle your argument is ?

Are you trying to tell me that isn't a good investment opportunity given that it could well blast past that within a couple of years ?ðŸ˜

That drop had allowed me have a solid investment in eth.

There's only one person arguing here.

I just prefer original assets that perform better in both bull and bear markets.

Don't lose sleep over other people's investment outlooks.

maninasia

Addison Fancy Macrame wrote: »

There's only one person arguing here.

I just prefer original assets that perform better in both bull and bear markets.

Don't lose sleep over other people's investment outlooks.

I'm not losing any sleep over your investments
How is Ethereum not a true original ?

What cut off points do you use to define perform better in bull and bear?

q85dw7osi4lebg

Another one added to the ignore list.

Lex Luthor

Dohnjoe wrote: »

The last 2 years have been a bear market, BTC seems to do better than other coins in those markets.

Bought my first BTC in 2013. However since 2016 Eth has generally been returning higher gains.

Alts are more elastic and risky than BTC, so while they can drop much lower, it also means their gains can be much higher (e.g. Ripple went up 70,000% in 9 months in 2017)

Nothing wrong with sticking solely with BTC and nothing wrong with diversifying with BTC and a few alts

For the record, Ripple didn’t go up 70,000%, it was XRP

05eaftqbrs9jlh

Does anyone know where I can trade BSV from the fork there a while back? Coinbase and Uphold don't do it and I don't know where to transfer it to access it or exchange it.

I'm very excited at the current upswing. I bought several new currencies before Christmas so it's great that it's paying dividends already.

FFVII

Addison Fancy Macrame wrote: »

Another one added to the ignore list.

I was waiting for you to say that.

Thanks for keeping us informed of your blocking anyone that disagrees with or asks you a question.

Bob24

Lex Luthor wrote: »

For the record, Ripple didn’t go up 70,000%, it was XRP

Correct and you are right to be accurate.

But it makes you sound like Ripple’s lawyer arguing XRP isn’t a security :-D

cnocbui

maninasia wrote: »

In terms of covering the bases I go for both the low and high road and also some streams in between.. A lot of folks that have attachment to bitcoin started into crypto well over three years ago.

You make it sound like a put down. Guilty as charged. You won't get almost 3 Bitcoin for a grand now.

Dohnjoe

Frozen Veg wrote: »

Depends on the value one is investing and their risk appetite.

The choice of coin is much different if it's a €100 speculative punt compared to a €10000 investment.

Absolutely. Within the ultra risky mental world of cryptos there a spectrum, a "blue chip" end (really just BTC) and then a sliding scale of ever-more risky "penny stock" alts.

Dohnjoe

Leonard Nutritious Cobble wrote: »

Does anyone know where I can trade BSV from the fork there a while back? Coinbase and Uphold don't do it and I don't know where to transfer it to access it or exchange it.

I'm very excited at the current upswing. I bought several new currencies before Christmas so it's great that it's paying dividends already.

Join Binance, send it in and sell it for BTC or Eth there, then send that to Coinbase and cash out if you want to

Bob24

Leonard Nutritious Cobble wrote: »

Does anyone know where I can trade BSV from the fork there a while back? Coinbase and Uphold don't do it and I don't know where to transfer it to access it or exchange it.

I'm very excited at the current upswing. I bought several new currencies before Christmas so it's great that it's paying dividends already.

It possibly isn’t the most economical way do do it, but if you just just want to get rid of a small/medium batch as a once off and never trade BSV again, you can do it here and if the amount isn’t too large it doesn’t require to register or go through any KYC process: https://coinswitch.co/pro/

(You just specify how many BSVs you want to swap, what you want to swap them for, and the destination address for the result of the swap ... and it will then give you the address where to send your BSVs and do the swap once received)

q85dw7osi4lebg

FFVII wrote: »

I was waiting for you to say that.

Thanks for keeping us informed of your blocking anyone that disagrees with or asks you a question.

And another one. :pac:

q85dw7osi4lebg

Just another reason to not believe mainstream media. Clearly has nothing to do with said virus.



https://www.theguardian.com/technology/2020/feb/12/bitcoin-back-over-10000-dollars-amid-coronavirus-concerns

Bob24

Addison Fancy Macrame wrote: »

Just another reason to not believe mainstream media. Clearly has nothing to do with said virus.



https://www.theguardian.com/technology/2020/feb/12/bitcoin-back-over-10000-dollars-amid-coronavirus-concerns

I actually think the virus gave the initial impulse to initiate the rally a few weeks ago (I remember at some point the stock market fell and both Bitcoin and gold rose at the same time when the world started to realise the extend of the issue).

But yeah if the virus did something it was just a quicker trigger for something which was bound to happen anyway and it isn’t responsable for the sustained rise (gold and the stock market have since gone back to business as usual while Bitcoin kept moving).

Dohnjoe

Bob24 wrote: »

I actually think the virus gave the initial impulse to initiate the rally a few weeks ago (I remember at some point the stock market fell and both Bitcoin and gold rose at the same time when the world started to realise the extend of the issue).

But yeah if the virus did something it was just a quicker trigger for something which was bound to happen anyway and it isn’t responsable for the sustained rise (gold and the stock market have since gone back to business as usual while Bitcoin kept moving).

Seems to me Bitcoin SV's enormous rally on Craig's (false) news played a serious part. A significant volume went into the coin, then it took an immense jump (something we haven't seen a top cap coin do independently in the market in a long while) then various other alts started popping and the whole market started to (tentatively) move upwards. It also mirrors last year where there was a recovery just after Christmas (which later turned into a BTC run), so that would have helped sentiment

It's the single most surprising thing I've seen since 2017 and wasn't expecting it in the slightest, and I follow this crap on an hourly basis. If it made me bullish on crap alts (I immediately bought some dog**** like BCD and BTG which then rocketed up) then it's understandable why the market took to it. BSV is as crap as you can get in the top 10.

The BTC halving is coming and Eth 2.0, so it seemed to trigger the impending runs for those. Crypto is a flock of birds it can turn on practically nothing.