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12-05-2021 , 04:01 AM
Quote:
Originally Posted by imjosh Bitcoins - digital currency
liquidated longs = forced selling; people with limit orders set down those wicks are buying them. In the ultimate manipulation scenario, whales dump their coins to start the cascade while they have limit orders set to buy the forced sales
Forced "sale" but you get zero, right?

I don't know exactly the details, but my friend had roughly 20k liquidated when it dipped under 40k in May or June or whenever that was. He wont talk about crypto anymore.
12-05-2021 , 05:15 AM
Quote:
Originally Posted by housenuts Bitcoins - digital currency
I don't like TA in fact I think it's a croc, and undecided if chain analysis is the same kinda thing as TA or if it's substantively different and there's actually value to it.
I'm not a big TA advocate, but my understanding is that crypto markets are kind of tailor-made for TA because nobody really knows how to fundamentally value these assets. Since there's so much volatility based on market sentiment without the actual underlying value changing, TA is useful for mapping out levels and finding mean reversion spots.

Note: I don't do this myself, and although it makes sense to me, I'm halfway posting this for someone to prove me wrong.
12-05-2021 , 08:40 AM
Quote:
Originally Posted by onemoretimes Bitcoins - digital currency
I personally know a handful of people who buy on a monthly basis no matter what. They aren't being emotional about it, they just buy their $400 or $1000/month in their retirement and that is that. I knew ZERO people who did this 3 years ago. These same people were involved back then because of me and they were emotional and in and out and essentially missed out on a lot of potential gains. They seem to have learned their lesson. What I'm thinking is if I personally know a few people doing this, how many are there? Granted I'm going to be exposed to more then most because I've exposed many people to crypto. The point is, any dip or dips are just going to continue to be bought up endlessly with these monthly buys.

THE TRAIN WILL ROLL ON!!!!!!!!!!!!!!!

I'll be curious to see if this was the monster shakeout of leverage before the next big run, or if we are in bear market territory for a while.

I think the train mutha ****ing rolls on!
Peak of a bubble chat AI would not write a better post.
12-05-2021 , 10:42 AM
Quote:
Originally Posted by case3 Bitcoins - digital currency
This crash was not like other corrections, looks more like the (bumpy) road back to 12k
lol missed this gem
12-05-2021 , 04:41 PM
Quote:
Originally Posted by ItDoesntMatter Bitcoins - digital currency
lol missed this gem
case3 is a linear mind living in a logarithmic world.
12-05-2021 , 08:57 PM
Quote:
Originally Posted by imjosh Bitcoins - digital currency
liquidated longs = forced selling; people with limit orders set down those wicks are buying them. In the ultimate manipulation scenario, whales dump their coins to start the cascade while they have limit orders set to buy the forced sales
It's possible it's "whales" but it's also likely it's sophisticated traders/hedge funds who borrow the BTC and slam the market with it, force the liquidations and are able to cover at a profit and return the BTC.
12-06-2021 , 03:24 AM
i think bitcoin will at least to $40,000 maybe $30,000 maybe this week! and i bought spy puts on friday $4 at the 390 january strike price.

i wish i had more money i would be long the 80 VIX CALLS!!
12-06-2021 , 03:27 AM
i got a buy order in for bitcoin at $28,000 lfg!
12-06-2021 , 06:27 PM
Craig Wright won his trial and is, according to the judge and jurors, Satoshi Nakamoto. Lets see if he keeps his promise of moving early coins to really settle this. Still doubt he is Satoshi Nakamoto but if he moves those coins and starts giving them to charity as promised then that will be very interesting.
12-06-2021 , 06:39 PM
Lollll. He didn't win the trial and he now owes $100m.

And he isn't Satoshi according to the judge and jurors. That was not something they were to decide on. There is no precedent. There is only fake news bsv fanboys aka Calvin ayre spinning it.
12-06-2021 , 07:49 PM
If someone is asking for billions and I only lose the intellectual property part for 100 million then I can understand calling it a win but I can see how that can also be seen as a loss. Not sure how he could lose the intellectual property part without being considered Satoshi by the judge and jurors though as the IP in question is bitcoin.
12-06-2021 , 09:16 PM
I think I read today that Craig said he would just wait till the trial is over and move some of the OG bitcoin, was there a reason he had to wait?

And bad for bitcoin if he somehow is able to move those coins and sells or gives them away imo.
12-06-2021 , 09:38 PM
Quote:
Originally Posted by Dutch101 Bitcoins - digital currency
Craig Wright won his trial and is, according to the judge and jurors, Satoshi Nakamoto. Lets see if he keeps his promise of moving early coins to really settle this. Still doubt he is Satoshi Nakamoto but if he moves those coins and starts giving them to charity as promised then that will be very interesting.
Quote:
Originally Posted by Dutch101 Bitcoins - digital currency
If someone is asking for billions and I only lose the intellectual property part for 100 million then I can understand calling it a win but I can see how that can also be seen as a loss. Not sure how he could lose the intellectual property part without being considered Satoshi by the judge and jurors though as the IP in question is bitcoin.
You were fooled. Let people here explain the truth to you.
12-06-2021 , 10:01 PM
Quote:
Originally Posted by Go Get It Bitcoins - digital currency
I think I read today that Craig said he would just wait till the trial is over and move some of the OG bitcoin, was there a reason he had to wait?

And bad for bitcoin if he somehow is able to move those coins and sells or gives them away imo.
I don't think he has them so that is why he hasn't moved them but the judge and jurors sort of say he and Kleiman are Satoshi as they agreed with the IP claim being shared with Kleiman and that IP claim belongs to Satoshi.
12-06-2021 , 10:04 PM
Craig is a fraud. He makes up endless nonsensical arguments for why he's Satoshi, when if he really was he could simply sign from one of the Patoshi addresses. He's never done that. He's a fraud.
12-06-2021 , 10:09 PM
Yep
And a relic

We’re kinda moving past these btc old geezers now

Crypto is building a new “country of the internet”…. Let’s just focus on that!

Anyone have any thoughts on all the eth/btc flippping speculation ?
12-06-2021 , 11:24 PM
Quote:
Originally Posted by TopPair2Pair Bitcoins - digital currency
Yep
And a relic

We’re kinda moving past these btc old geezers now

Crypto is building a new “country of the internet”…. Let’s just focus on that!

Anyone have any thoughts on all the eth/btc flippping speculation ?
Seems like it's inevitable. You have Saylor and El Salvadore publicly announcing every time they buy hundreds of millions of BTC, and yet ETH gains on BTC while they do that.

If you really wanted as much BTC as you could get, why would you announce how great it is and how much you were buying? I understand it will help the network effect, but you really are just trying to pump the price.

I have a feeling there are some real players who actually want ETH as cheap as possible and are loading up without announcing it. Hence the rise in ETH/BTC. If something flippens BTC, It could have some serious effects on BTC we've never seen before because it's never happened.
12-07-2021 , 12:20 AM
I feel like Saylor is going to end up like Schiff. Preaching why bitcoin is better then all the stuff better then it.

"You don't want Ethereum because you don't have to work to get it! If you don't have to work for it, it's worthless!"

Seriously, what will he say when ETH flips BTC?

Last edited by onemoretimes; 12-07-2021 at 12:35 AM.
12-07-2021 , 12:45 AM
Quote:
Originally Posted by housenuts Bitcoins - digital currency
Craig is a fraud. He makes up endless nonsensical arguments for why he's Satoshi, when if he really was he could simply sign from one of the Patoshi addresses. He's never done that. He's a fraud.
I agree this seems to be right a lot of the time, I guess we'll know in like a couple of months when he doesn't move the coins.
12-07-2021 , 12:49 AM
Quote:
Originally Posted by Go Get It Bitcoins - digital currency
I agree this seems to be right a lot of the time, I guess we'll know in like a couple of months when he doesn't move the coins.
He probably won't be able to until the bonded courier comes, but then after many delays the bonded courier will finally arrive but won't be able to divulge the information since the bonded courier is his lawyer and there's solicitor client privilege.
12-07-2021 , 12:49 AM
I never found his claim convincing at all, so never really followed. He's had at least 5 years to do it already right?
12-07-2021 , 01:05 AM
On the one hand, every time the risk of Satoshi's coins flooding the market comes up we're told not to worry about it because he lost, or burnt, the coins. On the other hand, the only way Satoshi can prove he's Satoshi is to move coins which everyone agrees are lost.

If those coins ever move how much does it crash the market?
12-07-2021 , 01:58 AM
Quote:
Originally Posted by de captain Bitcoins - digital currency
On the one hand, every time the risk of Satoshi's coins flooding the market comes up we're told not to worry about it because he lost, or burnt, the coins. On the other hand, the only way Satoshi can prove he's Satoshi is to move coins which everyone agrees are lost.

If those coins ever move how much does it crash the market?
A lot imo, -40%++
12-07-2021 , 06:56 AM
Quote:
Originally Posted by onemoretimes Bitcoins - digital currency
Seems like it's inevitable. You have Saylor and El Salvadore publicly announcing every time they buy hundreds of millions of BTC, and yet ETH gains on BTC while they do that.

If you really wanted as much BTC as you could get, why would you announce how great it is and how much you were buying? I understand it will help the network effect, but you really are just trying to pump the price.

I have a feeling there are some real players who actually want ETH as cheap as possible and are loading up without announcing it. Hence the rise in ETH/BTC. If something flippens BTC, It could have some serious effects on BTC we've never seen before because it's never happened.
The fact Saylor and El Salvador constantly pump BTC makes people like me not want to buy it. Saylor and Bukele are certified morons.

Saylor did this as a Hail Mary on his stock options and it worked. Microstrategy is garbage software and revenue was tanking. Maybe he believes in BTC, maybe not, but hes a charlatan.
12-07-2021 , 07:28 AM
Quote:
Originally Posted by ItDoesntMatter Bitcoins - digital currency
Cred and Don post good stuff on Technical Roundup: https://www.youtube.com/watch?v=uiXbZOtSnl0

Different style - primarily trader perspective instead of investor (but still useful info for investors), more TA than macro (but still comment on macro), more of a meandering stream-of-consciousness than a tight presentation. I'm not a TA guy but I still like it.

I like Invest Answers, but I also feel like it's always more or less identical info to what's available on a dozen other channels.
Since you posted this I've been following their content the last couple weeks and they've been spot on with their trading strategy the past few weeks. They were already calling mid 40's close to 47 for a reasonable short term buy back opportunity when Bitcoin was struggling to get back over 60K and when others were saying to buy these guys were saying the charts looked like **** and to wait until a break over 61 or a fall back to around 47 to buy. Most of the other youtube content was calling mid 50's as the max pain level.

      
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