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:
    7,068
    Likes Received:
    2,094
    Lets see if the $10k level can hold here, this run has used up its momentum
     
  2. JohnSmithK

    JohnSmithK New Member

    Joined:
    Jul 25, 2019
    Messages:
    2
    Likes Received:
    1
    Bitcoin is one of the trending cyptocurrency apart from ripple and others and also very costly. I would rather invest in some other stocks or multiple stocks rather than investing in single bitcoin.
     
    StockJock-e likes this.
  3. Kat

    Kat Member

    Joined:
    Mar 13, 2018
    Messages:
    74
    Likes Received:
    33
    Bitcoin would seem to have finished the downward movement. I assume that now it will even move up to 8.800. There is a broken Kijun line. But this is only a correction. Bitcoin will then move down to the Ichimoku cloud at 6500.

    1.png
     
  4. Mitridat

    Mitridat New Member

    Joined:
    Oct 6, 2019
    Messages:
    1
    Likes Received:
    0
    What is this trading platform?
     
  5. Kat

    Kat Member

    Joined:
    Mar 13, 2018
    Messages:
    74
    Likes Received:
    33
    This is StormGain, a new company.
     
  6. Debby Tompkins

    Debby Tompkins New Member

    Joined:
    Nov 1, 2019
    Messages:
    6
    Likes Received:
    6
    Hello Guys,

    Bitcoin is something that we can say a worthful investment, just because of the chance of getting high returns on investment.
    For trading bitcoin, you may acquire some good knowledge of the crypto markets, as it can help you to understand the nature of bitcoin or you may take help from others as there are many platforms teaching about bitcoin trading. Some of them are really good and have very helpful knowledge regarding bitcoin trading.

    Thanks
     
  7. Debby Tompkins

    Debby Tompkins New Member

    Joined:
    Nov 1, 2019
    Messages:
    6
    Likes Received:
    6
    You can get many strategies for earning money online some of them take time and some of them give you quick results like investing in cryptocurrencies.

    As I have been trading bitcoins for the past two years, I would suggest that one should invest in cryptocurrencies as you can earn a high return on investment because it's the price is always fluctuating so you never know when you can get lucky.

    But before investing takes some good knowledge about bitcoin trading and just be aware of the frauds before investing your money anywhere. There are many online platforms that can guide you on how and where to invest your money to make a profit. As I have been into bitcoin trading for a while and if I would have to suggest, I will recommend Olymp Trade. It is one of the best online platforms for bitcoins as the best part of this platform is the security and reliability of the platform.
     
  8. Kat

    Kat Member

    Joined:
    Mar 13, 2018
    Messages:
    74
    Likes Received:
    33
    Cryptocurrencies: A mixed bag

    Key events 14/01/20 - 21/01/20
    Over the course of this past week, cryptocurrencies have performed reasonably well. Bitcoin Gold rose by 34.34%, while Dash grew by 35.98%. Cardano (ADA) also enjoyed a 12.05% increase in value. Despite the market’s current mixed-news climate, it appears as if the majority of digital assets opted to only react to positive elements.
    One bit of good news for the market was the announcement that Facebook’s digital currency project, the Libra Association, had formed a five-person steering committee. The committee’s role will be to oversee the technical development associated with the upcoming launch of the coin, which is planned for late 2020.


    There were more positive developments from crypto exchange Coinsbit, announcing that it is going to open a cryptocurrency marketplace under the name Coinsbit Store, where users will be able to purchase goods from AliExpress, Amazon and Ebay. The store is set to go live in April of 2020.

    Among the negative news were reports that the South Korean government is planning to levy a 20% tax on all income derived from cryptocurrency trading. There has also been similar unfavourable information that the UK tax authorities are going to begin tracing any suspicious cryptocurrency transactions.

    Cryptocurrencies have managed to exhibit decent growth in recent days and we could see this uptrend continue. The news climate would seem to suggest that this is possible.

    Ethereum creator Vitaly Buterin has hinted at the possibility of merging Ethereum Classic and Ethereum 2.0. Furthermore, it was reported that the basketball club Sacramento Kings have signed a partnership agreement with the Ethereum development studio ConsenSys, in order to produce a sports gear auction platform built on the Ethereum blockchain. Looking at the technicalities, ETH/USD is currently not far off its resistance of 176.00. If it can rise above this mark, then that would open up a path for further growth to 192.50.

    https://stormgain.com/news/cryptocurrencies-mixed-bag
     
  9. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    7,068
    Likes Received:
    2,094
    I have always been curious to see how BTC handles itself at times of trouble. No trading halts, not down limits...
     
  10. Vdubman

    Vdubman Active Member

    Joined:
    May 2, 2016
    Messages:
    372
    Likes Received:
    227
    $4200-4500 Hedge fund entry point for break even. This is the point at which most large funds started buying en masse btc and other crypto’s after the 2019 crash.

    it’s getting close but I think most hF have sold out large positions already this week. I have a feeling it will drop over the weekend as well. BTC is no hedge against anything in today’s market now since it’s controlled by larger institutions and exchanges.

    RIP margin traders though. Everyone getting margin called tf out from this crash.
     
  11. Kat

    Kat Member

    Joined:
    Mar 13, 2018
    Messages:
    74
    Likes Received:
    33
    News about cryptocurrencies. CoinEx partnered with the Simplex payment processor. This will simplify the purchase of cryptocurrencies using plastic cards, and will certainly support cryptocurrencies.
    Information came to me at the trading terminal from StormGain.
     
  12. Vdubman

    Vdubman Active Member

    Joined:
    May 2, 2016
    Messages:
    372
    Likes Received:
    227
    simplex has been partnering with many exchanges and wallet services for a while now. You can even use BitPay btc wallet to buy right through the wallet app.
    Also, coinex has a ton of wash trading. It only costs about $5k to get a coin listed there and they can bloat $150-200k daily wash volume. Easy way to pump a bogus coin.
     
  13. adamroberson

    adamroberson New Member

    Joined:
    Apr 23, 2020
    Messages:
    8
    Likes Received:
    0
    I wish bitcoin was at its peak like 2 years ago when it hit its highest price reaching almost $20,000! Ah, good times. Everyone who was interested back then in cryptocurrency walked with a glimpse of hope in their eyes. But have no worry, now it’s at $7000 so surely it will rise again (even though it fluctuates wildly since its peak). My bet is on a future where cryptocurrency will dominate other currencies and the people who took a risk now, will fully get their reward (I expect to be one of them). For now, it’s important to be cautious, to use professional platforms for cryptocurrency exchange and hope for the best.
     
    #453 adamroberson, Apr 23, 2020
    Last edited: Apr 24, 2020
  14. Vdubman

    Vdubman Active Member

    Joined:
    May 2, 2016
    Messages:
    372
    Likes Received:
    227
    Heh are you smoking the stuff people were back in November/December 2017? The only reason bitcoin ran to $19k back then was because uneducated retail investors were literally taking out home mortgages to buy bitcoin inflating the price. Hedge funds were playing along pushing the price higher due to liquidity issues.

    I am not saying that BTC won’t ever be $20k again, it’s just this time it will be a slower ride up as investors are more cautious. People won’t be draining 401k’s to buy bitcoin like they used to. People are more educated now on what crypto is. Some still fall victim to scammers though because it’s so easy to scam in the unregulated field of cryptocurrency. So many worthless illiquid microcap coins To pump and dump on a semi-annual basis gives crypto a bad name this time around.
     
  15. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    22,719
    Likes Received:
    8,251
    Jonesing For A Hedge
    Thu, May 7, 2020

    The world is a scary place right now. 10% of the US population and 20% of the labor force have filed for unemployment insurance in the last few weeks, and stock markets have seen record volatility. For the Americans that do have more than $400 saved up, the question is where do you put it? With interest rates at zero and with central banks flooding the market with liquidity, many are concerned that the dollar they put under the mattress today won't be worth that much when the rainy day comes. Sure, the stock market has historically delivered superior returns, but those above average returns aren't guaranteed to be there when you need it either. Gold, on the other hand, has fared relatively well. After a sharp decline in the early days of the Pandemic, it has since broken out to five-year highs and is only about 10% from all-time highs.

    In addition to gold, bitcoin has done extremely well recently, and unlike gold which is normally associated with grumpy old guys, bitcoin is cutting edge. Just today, bitcoin received another endorsement as it was reported that hedge fund legend Paul Tudor Jones has been buying the crypto-currency saying it reminds him of gold in the 1970s. Like gold, bitcoin is considered an inflation hedge but an extremely volatile one at that. Not only is it something they can't make more of, but the supply is actually shrinking. That's because bitcoin has to be stored in a digital wallet and if you lose your wallet, you lose your bitcoin. Way back in 2018, the Wall Street Journal reported that up to a fifth of all bitcoin had been lost and in most cases, those losses were permanent.

    Looking at the recent performance of bitcoin, the last month or so has been extremely strong with the price more than doubling off its March lows. After today's Jones' bounce, it's not far from its highest levels of the year right around 10,400.

    [​IMG]

    Just as bitcoin is nearing short-term resistance, it is also bumping up right against a long-term downtrend as well. Since its record high during the late 2017/early 2018 mania when bitcoin peaked just under 20,000, bitcoin has seen a series of lower highs at 14,000, then around 12,500, and earlier this year at 10,400. It's still below 10,000 now, but a break above 10,400 to new 2020 highs and 11,000, though would put that downtrend line in the rearview mirror. And while panic over pandemic has drowned out talk of just about anything else, not even COVID-19 would be able to silence the crypo crowd if that downtrend breaks.

    [​IMG]
     
  16. Kat

    Kat Member

    Joined:
    Mar 13, 2018
    Messages:
    74
    Likes Received:
    33
    Bitcoin seems to be moving towards 20,000! There is a buy signal from the Ichimoku indicator. If the trendline is broken, then Bitcoin will rush to past highs.
    1.png
     
  17. Vdubman

    Vdubman Active Member

    Joined:
    May 2, 2016
    Messages:
    372
    Likes Received:
    227
    I love your enthusiasm but I do not think that it will rush to $20k. It certainly has a chance of revisiting that is for sure. If we get a market downturn there will be lots of selling again by HF to protect their assets.
     
  18. Kat

    Kat Member

    Joined:
    Mar 13, 2018
    Messages:
    74
    Likes Received:
    33
    Maybe I hastened to buy bitcoin. And yet, I believe that it will move up. I see support at 8000, in the form of a Tenkan line. Well, then the target for Fibo is 14000. Will Bitcoin move on? Question...

    [​IMG]
     
  19. Kat

    Kat Member

    Joined:
    Mar 13, 2018
    Messages:
    74
    Likes Received:
    33
  20. bomberman

    bomberman New Member

    Joined:
    Apr 28, 2020
    Messages:
    3
    Likes Received:
    1
    Hey guys, I have a pretty nice sum of money, and I am thinking about investing it in something. Is investing in crypto profitable ? I have some friends that are into it, they really know a lot of things about crypto, and they told me that if you have enough knowledge in that area, you can make a lot of money on it. Is it true? Moreover, they told me that they convert coins into bitcoins, because there is a very high chance that the price will get much higher soon. Should I invest in bitcoin too ? I am really confused, please, give me a piece of advice. I would be really grateful!
     
    #460 bomberman, Jun 29, 2020
    Last edited: Jun 30, 2020 at 7:10 PM

Share This Page