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Bitcoin - Crypto investing and trading discussion

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

  1. StockJock-e

    StockJock-e Brew Master
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    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

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    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
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    Lots of chatter picking up on crypto this morning with BTC trying to get back that 4000 handle
     
  4. Kaban

    Kaban Member

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    Attached Files:

    T0rm3nted likes this.
  5. Kat

    Kat Member

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    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

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    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
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    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
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    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

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    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
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    How many times have we seen this headline before?
     
  11. hitman

    hitman Active Member

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    Same can be said for %50k - $100k.
     
  12. Adriana Lowe

    Adriana Lowe New Member

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    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

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    [​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

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    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.
     
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  15. internationalstocks

    internationalstocks Active Member

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    Bitcoin is back on a roll again breaking and holding up over $9K again. $20K retest this year looks highly likely now
     
  16. internationalstocks

    internationalstocks Active Member

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    $10K broken. If we hold some support above $10.5K I think we hit $13K next and if that breaks we should be able to retest previous $20K level

    A990F844-338A-4F6E-ABD2-296DF1293E7A.jpeg
     
  17. bigbear0083

    bigbear0083 Content Manager
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    Bitcoin Soars and Retail Investors Pile In
    Mon, Jun 24, 2019

    Bitcoin has been in massive rally mode for pretty much of all 2019, but the pace of gains has really accelerated in the last several days. While the price briefly topped $11,000 earlier, prices have pulled back slightly to just under that level now. Even with the pullback from earlier highs, though. year to date, bitcoin is up just about 200%, while in the month of June, the gain has already been just under 30%.

    [​IMG]

    As prices have started to run up in recent days, retail enthusiasm for bitcoin has predictably increased. Because acquiring bitcoin isn't nearly as simple of a process as buying traditional stocks, bonds, or other currencies, for many investors it simply isn't worth the bother. One easier (and much more expensive) way to gain exposure to bitcoin, though, is through the Grayscale Bitcoin Trust (GBTC) which is the only ETF-like security that tracks the price of bitcoin. One major drawback to GBTC is that it is a very expensive way to trade bitcoin. Not only does the Trust charge a 2% annual fee, but it also traditionally trades at a massive premium to the actual value of the bitcoin held in the trust. Over the last year, for example, GBTC has traded at an average premium to NAV of 27%. That means that if you liquidated the Trust, the value of the assets would be worth considerably less than the price that the trust is trading at.

    Because of the management fee and the fact that the trust trades at such a premium to NAV, it's widely assumed that most of the buyers and sellers of GBTC are more retail-oriented as opposed to serious bitcoin investors. Therefore, when the premium to NAV is relatively low, it indicates that so-called retail interest in bitcoin is low, while higher premiums represent retail interest on the rise. With that in mind, a look at the recent trend in the trust's premium to NAV suggests that retail investors have been increasingly warming up to bitcoin as prices rise. At the current level of 42%, GBTC's premium is the highest since last August. While that's a ten-month high, the premium was consistently higher in the first half of last year, and back when the retail frenzy over bitcoin was at its peak in early 2018, the premium topped 80%. Sentiment on the part of retail investors has been on the rise, but they aren't quite yet going ga-ga for bitcoin.

    [​IMG]
     
    Onepoint272 likes this.
  18. StockJock-e

    StockJock-e Brew Master
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    There it is, the top! ;)

    Or close too it.

    When headlines like this come out, you know you are probably late.
     
    Onepoint272 likes this.
  19. StockJock-e

    StockJock-e Brew Master
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    Some big moves here, possible topping action, gotta see where this ends up this week.
     
  20. AbbeyMayward

    AbbeyMayward New Member

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    How do Bitcoin work? I'm really curious. Thanks for the help!
     

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