Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

Bitcoin - Crypto investing and trading discussion

Discussion in 'Bitcoin Forum' started by heyimsnuffles, Dec 22, 2016.

  1. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,499
    Likes Received:
    1,714
    Lots of swings over the past few days, but not seeing any big buyers stepping up just yet.

    Probably not the bottom for bitcoin.
     
  2. Kaban

    Kaban Member

    Joined:
    Jun 15, 2017
    Messages:
    100
    Likes Received:
    22
    After we made a perfect impulse structure up btcusd went down for the correct. and tested 61.8% Fibonacci retracement showing us ABC structure. Stop could be placed close for 2 reasons, 1st the stop could be placed close for low risk, 2nd there is a local min 3200. Could be a bounce up. I'll try at least)[​IMG]
     
    T0rm3nted likes this.
  3. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,499
    Likes Received:
    1,714
    Lots of chatter picking up on crypto this morning with BTC trying to get back that 4000 handle
     
  4. Kaban

    Kaban Member

    Joined:
    Jun 15, 2017
    Messages:
    100
    Likes Received:
    22

    Attached Files:

    T0rm3nted likes this.
  5. Kat

    Kat Member

    Joined:
    Mar 13, 2018
    Messages:
    38
    Likes Received:
    14
    In the US, detained the head of the cryptocurrency pyramid OneCoin. In addition, because of a bug in the VinRaR program, hackers can steal cryptocurrencies from digital wallets of the Reddit portal.
     
  6. ferxo

    ferxo New Member

    Joined:
    Mar 20, 2019
    Messages:
    1
    Likes Received:
    0
    Usually if you have proper personal security on your computer it is almost close to impossible to lose your bitcoins, if you know how to store them.

    Even investing can be made quite secure and productive if you don't go all in at once, but gradually and set aside money to have if the market crashes.

    Learn how to trade so you can utilize mostly your average buy in price, learn the instruments, learn the platforms for exchange and trading (platforms like Binance/Gemini/Kucoin/Bitmex/PrimeXBT) and learn about different algorithms and most importantly security - how to store your crypto.
     
  7. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,499
    Likes Received:
    1,714
    VanEck and Bitwise will be launching Bitcoin ETFs early next month following an emergency meeting the SEC held Saturday.
     
  8. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,499
    Likes Received:
    1,714
    Seeing more and more of these articles about how bitcoin is going to high $50k now :D

    The way this thing has traded in the past would make it seem like it would be possible, but the big difference this time is that the mystical and magical quality of crypto is no longer there. Its not the "new and amazing" secret trading vehicle that the kid down the street knows about and nobody else.

    Crypto is now pretty much wide spread and saturated as far as traders go, we all know about it at this point.
     
  9. hitman

    hitman Active Member

    Joined:
    May 29, 2016
    Messages:
    336
    Likes Received:
    84
    China wishes to ban bitcoin mining according to the Chinese National Development and Reform Commission so lookout below if this goes through it will have a big impact on cryptocurrency industry because they are the big player in producing hardware for crypto activities.
     
  10. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,499
    Likes Received:
    1,714
    How many times have we seen this headline before?
     
  11. hitman

    hitman Active Member

    Joined:
    May 29, 2016
    Messages:
    336
    Likes Received:
    84
    Same can be said for %50k - $100k.
     
  12. Adriana Lowe

    Adriana Lowe New Member

    Joined:
    Mar 20, 2019
    Messages:
    11
    Likes Received:
    3
    Is this a sign the crypto winter is thawing? BTCUSD has formed its first bullish golden cross since October 2015. This bullish signal follows a 35% rally for Bitcoin, and its resurgence has also been reflected in record contract trading volumes in the CME futures market earlier this month.

    (credit: chart from Sigma by Hydra X - free beta access available)

    BTCUSD.png
     
  13. Adriana Lowe

    Adriana Lowe New Member

    Joined:
    Mar 20, 2019
    Messages:
    11
    Likes Received:
    3
    [​IMG]
    Chart from Sigma by Hydra X

    BTCUSD
    suffered a(nother) tumultuous week when the Office of the AG of New York State announced a lawsuit against Bitfinex and Tether, two affiliated companies. Tether is a ‘stablecoin’, each coin being ostensibly backed by one US dollar, ensuring that the value of the coin remains at or very close to parity with the dollar. Doubts have long existed about the bona fides of Tether and Bitfinex, but Tether remains the dominant stablecoin, representing ~96% of daily trading volumes in that category. Its status as the de factor ‘central bank’-issued medium of transactions has also given rise to its position as the single largest potential systemic risk for the cryptocurrency universe.

    The allegations against the exchange essentially were that: (a) Bitfinex used a Panamanian financial intermediary, Crypto Capital (not a real bank), as a payments processor to transfer money to its customers; (b) over one billion dollars of co-mingled customer and corporate funds were deposited with Crypto Capital – with no contract or similar written agreement ever entered into, no less; (c) Crypto Capital stopped responding to requests from Bitfinex to process payments; (d) Bitfinex then took $625m from its Tether bank accounts (with a real bank) to use for itself in order to meet customer withdrawal requests; (e) in exchange for the $625m from the real bank, Bitfinex gave Tether back the same amount, $625m, but from the non-real bank, i.e. the money which it could no longer access; (f) eventually, Bitfinex then re-papered this as a $900m loan from Tether to Bitfinex.

    In short, the stablecoin was then partly backed by a $900 million loan to an affiliate crypto exchange which no longer had sufficient funds to operate.

    BTCUSD proved remarkably resilient, and apart from a wicked stop-hunt that took prices down to the low $4,000s (in the process, taking out all sensible stops placed by recent longs), it has recovered to trade firmly above $5,100, as if not much ever happened. Bitfinex has accused the AG of filings “written in bad faith and [riddled] with false assertions”. It will be interesting to see if there will be a run on the bank, and how Bitfinex/Tether/BTC ride out this drama. In the crypto world, nothing surprises.
     
  14. Hydra X

    Hydra X New Member

    Joined:
    May 6, 2019
    Messages:
    3
    Likes Received:
    1
    upload_2019-5-14_17-9-18.png
    Chart from Sigma by Hydra

    06 April 2019

    We had been watching for a sharp continuation leg upward in BTCUSD since early April, mirroring the end-2018 breakdown of prices, which underwent a similar two-leg move down after breaking below an extended symmetrical triangle.


    upload_2019-5-14_17-9-32.png
    Chart from Sigma by Hydra

    Patient longs have been rewarded as Bitcoin has gone parabolic, in a rally of remarkable proportions, even for Bitcoin. BTCUSD has surged beyond resistance at ~$7,250, and gone on to break $8,000, touching a new yearly high of $8,169.

    Its surge has also boosted most of the major cryptocurrencies and added ~$30b to the overall cryptocurrency market capitalisation. This has been a move supported by volume and the ‘whales’ of the industry; tracking data showed the rally supported by trading from large bitcoin holders, with the single biggest whale moving some 47,000 bitcoin into the markets. Next meaningful resistance is in the $8,250 region.
     
    T0rm3nted likes this.

Share This Page