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.
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
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.
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.
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.
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.
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.
Bitcoin has been struggling to break that $12300 resistance twice now. Looking for more downward pressure today and the rest of the week.
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.
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.
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. 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.
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
