Welcome Stockaholics!

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

Sign Up
  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
Help us grow Live chat!

Bitcoin - Crypto investing and trading discussion

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

Tags:
Page 24 of 25
  1. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    7,233
    Likes Received:
    2,198
    Its not so much investing as it is trading.

    There is risk with an investment, but bitcoin is by no means the safe haven that some preach.
     
    #461 StockJock-e, Jun 29, 2020
  2. RobinDrip

    RobinDrip New Member

    Joined:
    Jul 29, 2020
    Messages:
    2
    Likes Received:
    1
    1895B5C9-7428-4650-9E62-5D46A0F00261.jpeg

    Still holding
     
    #462 RobinDrip, Jul 29, 2020
    Vdubman likes this.
  3. Vdubman

    Vdubman Well-Known Member

    Joined:
    May 2, 2016
    Messages:
    559
    Likes Received:
    308
    Looking for next leg up to $12500. If the equity markets dump next week then we shall see many margin calls of BTC dumping to $9200 range maybe even $8900
     
    #463 Vdubman, Jul 30, 2020
  4. gabrie1980

    gabrie1980 New Member

    Joined:
    Jun 11, 2020
    Messages:
    6
    Likes Received:
    0
    Funny pic, tho. After reading a few articles about the technical analysis I think about other ways of investment. Crypto is volatile it can go up suddenly. I agree with a statement that "bitcoin is by no means the safe haven that some preach" but I think it could be worth trying.
     
    #464 gabrie1980, Jul 31, 2020
  5. andyvds

    andyvds Member

    Joined:
    Jul 17, 2020
    Messages:
    34
    Likes Received:
    17
    i have at least 100 spam mails about some unserious bitcoin site every day blocked by my e-mail provider, landing in the server spam box.

    you might get the impression that something is nasty about bitcoin. although the technology is fascinating. i'm not in the game.
     
    #465 andyvds, Jul 31, 2020
  6. axisx

    axisx New Member

    Joined:
    Aug 2, 2020
    Messages:
    1
    Likes Received:
    0
    i started investing in crypto in 2017 and i think it’s the future of currencies and will always keep rising up i started with this site https://ndax.io/markets/btccad and i made 200 bucks that time because it was the golden time of bitcoin in 2017 but now it worth less than how it was worth in 2017 but it still high and people still invest in it so much, i think it will explode soon and i’m sure about because i have been investing in it long years ago, other reason to grow is the virus pandemic which mean people will tend to use digital currincess more.
     
    #466 axisx, Aug 2, 2020
    Last edited: Aug 6, 2020
  7. Vdubman

    Vdubman Well-Known Member

    Joined:
    May 2, 2016
    Messages:
    559
    Likes Received:
    308
    Well that was pretty accurate.
    That Sunday flash crash to $10400 from $12300. $1.3billion lost to margin calls in 15 minutes lol. 72,000 margin calls in 15 minutes.
     
    #467 Vdubman, Aug 3, 2020
  8. Vdubman

    Vdubman Well-Known Member

    Joined:
    May 2, 2016
    Messages:
    559
    Likes Received:
    308
    Bitcoin back over $12k now on good volume. Asian markets love it
     
    #468 Vdubman, Aug 10, 2020
  9. Ace864

    Ace864 New Member

    Joined:
    Aug 18, 2020
    Messages:
    1
    Likes Received:
    0
    I don't agree that bitcoins are not risky at all. Still, people are losing money on their value. Now, the value of bitcoin is going down, and it tends to be even lower. I cannot say that cryptocurrency can be considered as a long-term investment. After it was launched in 2009, it had its ups and downs. Now, it’s drops on a market again, which is weird because after the lockdown value for everything digital should increase. Now, everything is uncertain about it. I wouldn’t invest everything in bitcoin, since I’m mostly a risk-averse person. Honestly, the real-estate investment seems more promising and stable in the future.
     
    #469 Ace864, Aug 18, 2020
    Last edited: Aug 24, 2020
  10. Vdubman

    Vdubman Well-Known Member

    Joined:
    May 2, 2016
    Messages:
    559
    Likes Received:
    308
    Bitcoin has been struggling to break that $12300 resistance twice now. Looking for more downward pressure today and the rest of the week.
     
    #470 Vdubman, Aug 18, 2020
  11. The Brontide

    The Brontide Active Member

    Joined:
    May 15, 2020
    Messages:
    284
    Likes Received:
    112
    It struggles at 12 only because the whales moved up their sell program to 12 from 10.

    The more retail buys the higher the sell target will be at.

    It was stuck between 9 and 10 for awhile.


    I do keep a side-eye on it, but haven't dabbled in it for many months.

    I do see a head and shoulders pattern forming on the three month chart. Waiting to see where the shoulder goes, if it does.
     
    #471 The Brontide, Aug 26, 2020
  12. Vdubman

    Vdubman Well-Known Member

    Joined:
    May 2, 2016
    Messages:
    559
    Likes Received:
    308
    Yes I’m watching it now as well.
     
    #472 Vdubman, Aug 28, 2020
  13. Vdubman

    Vdubman Well-Known Member

    Joined:
    May 2, 2016
    Messages:
    559
    Likes Received:
    308
    Bitcoin holding $10200 support still.

    ltc/eth broken support hard
     
    #473 Vdubman, Sep 23, 2020
  14. The Brontide

    The Brontide Active Member

    Joined:
    May 15, 2020
    Messages:
    284
    Likes Received:
    112
    Yes it seems stuck. Millions of dollars stolen from a broker in bc, and the market didn't even blink. Markets tank, still no blink.

    It is stuck in a trading range it looks like. But the swings aren't profitable except for the larger players.

    I dunno. I can't be bothered without a correction first somewhere below 10k or more.
     
    #474 The Brontide, Sep 26, 2020
  15. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,002
    Likes Received:
    503
    pack an overnight bag. time to take a little ride. all aboard!

    upload_2020-10-20_7-27-26.png
     
    #475 emmett kelly, Oct 20, 2020
  16. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    1,002
    Likes Received:
    503
    this train may not be coming back to the station for a while. get on board now!

    upload_2020-10-21_7-7-3.png
     
    #476 emmett kelly, Oct 21, 2020
  17. Vdubman

    Vdubman Well-Known Member

    Joined:
    May 2, 2016
    Messages:
    559
    Likes Received:
    308
    Big rally recently with PayPal and Venmo news. Markets seem to be holding now above $13k mark
     
    #477 Vdubman, Nov 3, 2020
  18. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    23,603
    Likes Received:
    8,514
    Bitcoin Going for the Gold
    Wed, Nov 11, 2020

    Topping the big gains in US equities since the election may sound like a tough task, but bitcoin has been up to the challenge. Since Election Day, bitcoin has now rallied more than 14% taking its price further outside of the upwardly trending range it has traded in for most of the last year. Outside of the last week, the only other time that bitcoin has deviated from its one-year range was at the depths of the COVID crisis back in the spring. The break of the trend back then proved to be short-lived, so we'll see if this most recent breakout has staying power or ultimately loses steam. For reference, a retracement back into its prior range would take prices back down to $13,000 from the current level of $15,700.

    [​IMG]

    One chart we like to keep tabs on is the ratio of bitcoin to physical gold. Both assets are essentially considered stores of value, so it's interesting to see how accepting investors become of 'digital gold' over time. Obviously, there are a lot of other factors at play that impacts both assets, but the chart below provides a rough approximation. At current levels, one bitcoin will buy about 8.5 ounces of gold. That's not far from the most recent peak of just under 9.0 back in July 2019. If and when the ratio breaks above that level, the next level to watch would be the record high of 14.8 in December 2017. Based on gold's price now, that would translate to a price of about $27,500.

    While there are plenty of arguments to be made in favor of the long-term prospects for bitcoin, we would note that even for a volatile asset like bitcoin, the rally of the last week or so has been on the extreme side. Just last week the ratio between bitcoin and gold was around 7.5, but in the span of a week, one bitcoin will buy once ounce more gold than it did just last week.

    [​IMG]
     
    #478 bigbear0083, Nov 12, 2020
  19. Vdubman

    Vdubman Well-Known Member

    Joined:
    May 2, 2016
    Messages:
    559
    Likes Received:
    308
    I have a gut feeling these rallies will not hold in December. The fomo is incredible right now. People buying right now then immediately turning around like “btc to 100k”.

    fomo in the streets
     
    #479 Vdubman, Nov 16, 2020
  20. Vdubman

    Vdubman Well-Known Member

    Joined:
    May 2, 2016
    Messages:
    559
    Likes Received:
    308
    $18,250

    this is nuts. Looking like it will break 2017 highs like nothing.
     
    #480 Vdubman, Nov 18, 2020
(You must log in or sign up to post here.)
Page 24 of 25

Share This Page