Bitcoin - Crypto investing and trading discussion

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

  1. ddebrazza

    ddebrazza Active Member

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    I could see it. I am expecting a Labor Day- Pre/Black Friday crash. I fully expect a large number of people to convert BTC to fiat currency come consumer spending season. This doesnt necessarily mean the price will not come back, I do not think that. but I do think it will take quite some time to rebound.

    This all said, I have questioned my theory of whether or not a mass consumer withdrawal from BitCoin would truly have that impact or if as quickly as consumers sell-out, corporations would fill the void. That is the biggest question in all this for me. How quickly consumer sells are replaced by deep pocket buys.
     
  2. ddebrazza

    ddebrazza Active Member

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    And not that my 2 cents means anything but I dont like how these Apps game-ify crypto investing, feeding off consumer fear and excitement through Bright Colors, Live updating Charts to reflect your minute-by-minute winnings or losings, and sending alerts as price fluctuations happen. (I know you can turn off and change most settings but most are defaulted settings)

    I cant imagine it having a positive impact when you get a ding on your phone and it says "BTC down 5% to xxxxxxx" .... they build in these alerts in order intentionally induce panic or fear (or excitement)
     
  3. ddebrazza

    ddebrazza Active Member

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    BTC Trade Group Trend.png

    This was an interesting chart. I was reading an article about Future's Contracts on BitCoin and the trends of different groups of investors and all kinds of other neat little statistics.
     
  4. StockJock-e

    StockJock-e Brew Master
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    Discussion has slowed down on crypto, it can only mean the bottom is near! :D
     
  5. ddebrazza

    ddebrazza Active Member

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    Will be interesting to see what happens with crypto prices through the end of the year..... I still have a little bit of skin in the game across a number of crypto asset programs and plan to add a little here and there.

    I really hate Coinbase though.
     
  6. StockJock-e

    StockJock-e Brew Master
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    Here comes the push below $30k and the panic we need to set a bottom!
     
  7. ddebrazza

    ddebrazza Active Member

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    Ive seen my overall crypto holdings drop from about 620$ down to 490$. It could be a rough couple of months ahead.

    I am still long on crypto and will look to add to my positions when I am financially able to but I will be investing 90% into stocks/ETFS and only 10% or less into crypto assets.
     
  8. StockJock-e

    StockJock-e Brew Master
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    These swings are rough, but nothing out of the ordinary compared to recent history.
     
  9. ddebrazza

    ddebrazza Active Member

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    Im not concerned about the overall health of the market and its ability to rebound, I am just glad that I sold off all my stocks a few days before things started sliding down and like I said, I think its going to provide some nice re-entry points. Great time to average down for people already in deep.

    Hopefully I start this job on Aug 1st as expected.
     
  10. StockJock-e

    StockJock-e Brew Master
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    This initial short covering push is going to level off here. Now to see if retail buyers are ready to get the ball rolling again.

    Then there is all the Tether garbage to get through.
     
  11. StockJock-e

    StockJock-e Brew Master
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    Anybody waiting for 25k is probably re-thinking the strategy here if BTC climbs up over 42k
     
  12. StockJock-e

    StockJock-e Brew Master
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    New highs on the week here
     
  13. StockJock-e

    StockJock-e Brew Master
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    $42k cleared
     
  14. Stocksam

    Stocksam New Member

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    Now it's 44,898.50 to be exact
     
  15. StockJock-e

    StockJock-e Brew Master
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    That was a big screw up by CNBC and other sources!

    This morning a news piece from GlobalNewswire comes out saying Walmart is accepting Litecoin.

    The official Litcoin twitter obviously tweets this out

    upload_2021-9-13_9-58-30.png

    Turns out it was fake.

    But in that hour, CNBC and all the other outlets rebroadcast it.
     
  16. StockJock-e

    StockJock-e Brew Master
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  17. StockJock-e

    StockJock-e Brew Master
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