Bitcoin price suddenly surges to 3-year high

[64K]

It sounds like for most of you that your investment has increased quite a bit. If your investment has increased then you are doing better than most investors in markets. You don't actually have a profit until you sell or trade for goods and services though.

 

[Hemmingstamp]

I feel like this is different then 2016-2017. Maybe more like 1926-27.

More like 1929 as some have predicted.

 

[phill]

It sounds like for most of you that your investment has increased quite a bit. If your investment has increased then you are doing better than most investors in markets. You don't actually have a profit until you sell or trade for goods and services though.

Tis very true and why I say to my mate, if we sell when it's within 10% of the peak and it drops to a stone we've made x amount, but if we wait and it never comes back, then we've lost a lot. I hope that if anything does happen and it does go bad, we can walk away with a few quid and the hardware we have which isn't a bad thing at all.

I do it mostly for the hardware anyway, heck I'm still using my 480s I bought for this back in 2017 Be about 5 years ago this month I think!! Damn not far short, 19th May Loved it, shocked the crap out of my mate when I sent him the pics!!

 

[R-T-B]

More like 1929 as some have predicted.

Not feeling it, but time will tell.

 

[Nuckles56]

Not feeling it, but time will tell.

I guess it will all depend on how Musk et. al. manipulate the market and how much people buy into his message.

 

[R-T-B]

I guess it will all depend on how Musk et. al. manipulate the market and how much people buy into his message.

I was speaking to fiat.

 

[moproblems99]

I am of the opinion that Musk has large amounts of Doge shell wallets and purchases large amounts when he tweets.

 

[ZenZimZaliben]

Well that was a nice 20% off fire sale yesterday! Already ITM.

 

[trog100]

Well that was a nice 20% off fire sale yesterday! Already ITM.

yep that was about what it amounted to..

trog

 

[moproblems99]

They are just going to get progressively worse with less rebounds.

 

[ZenZimZaliben]

They are just going to get progressively worse with less rebounds.

Baseless but I appreciate your opinion, but that's all it is. Unless you can see the future...in which case Powerball or MegaMillions is the better way to go.

 

[moproblems99]

Baseless but I appreciate your opinion, but that's all it is. Unless you can see the future...in which case Powerball or MegaMillions is the better way to go.

Oh, I agree totally. The indicators are there though.

Baseless but I appreciate your opinion, but that's all it is. Unless you can see the future...in which case Powerball or MegaMillions is the better way to go.

Btw, I wasn't implying to change your plan. Only that I think these will be quite common over the coming months.

 

[RandallFlagg]

Market gonna tell us the correct direction here in the next 30 mins.

Patterns and momentum don't look good.

 

[sepheronx]

Market gonna tell us the correct direction here in the next 30 mins.

Patterns and momentum don't look good.

You posted that 50mins ago.

Seems fine on my end

 

[RandallFlagg]

You posted that 50mins ago.

Seems fine on my end

Didn't get a clear signal either way. This is what I was watching, contracting triangles at two time levels. At the apex, it should make a break and in fact did - down. However, breaks need to run a bit to make sure it's not fake. This one didn't have time.

Also though, momentum at higher degrees show reversals, I circled here when I posted that. This chart is 5 minute scale. The inner channel is from 1 minute scale and outer lines are from 1 hr.

Close up of above chart - so yeah something did happen but it isnt clear. That is a 70 point move down in about 5 minutes.

1Hr chart. Momentum, the macd with the red line is turning over but not yet down:

 

[Outback Bronze]

Market gonna tell us the correct direction here in the next 30 mins.

Patterns and momentum don't look good.

Yes they do not look good from my perspective.

Lower lows and lower highs is what I've been seeing, but I'm not so sure we have hit a bear market just yet although it could definitely be on the cards.

 

[Space Lynx]

@sepheronx how come your youtuber you follow with crypto advice never told you to invest in Shibu or w.e the crap the parody coin was called of dogecoin... just read about these two guys that put a couple hundred bucks into this coin in February this year, and cashed out just recently and are now millionaires... in less than 3 months. off a few hundred bucks. lmao.

please ask your youtube prophet why he never told you to buy that one. i'm curious to know his answer

 

[R-T-B]

please ask your youtube prophet why he never told you to buy that one. i'm curious to know his answer

Isn't that the one that just tanked through the floor because 5% of circulating coins (valued at $1B at the time) were just randomly dropped by the creators in Indian Covid relief (a bizzare choice because India hates crypto, and it as predicted, tanked the coin big time?)

I'd seriously wonder if those rando dudes are still millionaires. I hope they cashed out.

EDIT. Wow that coins value is limbo low....

 

[RandallFlagg]

Yes they do not look good from my perspective.

Lower lows and lower highs is what I've been seeing, but I'm not so sure we have hit a bear market just yet although it could definitely be on the cards.

I'll just leave ya'll with this :

"Dow theory asserts that major market trends are composed of three phases: an accumulation phase, a public participation (or absorption) phase, and a distribution phase. The accumulation phase (phase 1) is a period when investors "in the know" are actively buying (selling) stock against the general opinion of the market. During this phase, the stock price does not change much because these investors are in the minority demanding (absorbing) stock that the market at large is supplying (releasing). Eventually, the market catches on to these astute investors and a rapid price change occurs (phase 2). This occurs when trend followers and other technically oriented investors participate. This phase continues until rampant speculation occurs. At this point, the astute investors begin to distribute their holdings to the market (phase 3)."

So, "astuste investors" selling? :

Billionaires Are Selling Mega-Sized Stock Blocks After Surge

(Bloomberg) -- Stock sales are reaping a windfall for the world’s richest shareholders.Corporate insiders including Amazon.com’s Jeff Bezos and Google co-founder Sergey Brin have ramped up stock sales recently, cashing in on a 14-month long bull market that’s helped boost fortunes to the tune of...

finance.yahoo.com

Hedge funds and professional money managers keep selling stocks

With euphoria taking over the stock market, so-called smart money investors like hedge funds and asset managers at major investment firms are hitting the sell button, expecting prices to fall.What we're hearing: Retail traders were the only group to buy U.S. equities for the third week in a row...

news.yahoo.com

Rampant speculation? :

Retail investors are still buying stocks

The stars of the show in financial markets during the first quarter of 2021 were retail traders.

nz.finance.yahoo.com

The three phases? Perhaps :

 

[Space Lynx]

Isn't that the one that just tanked through the floor because 5% of circulating coins (valued at $1B at the time) were just randomly dropped by the creators in Indian Covid relief (a bizzare choice because India hates crypto, and it as predicted, tanked the coin big time?)

I'd seriously wonder if those rando dudes are still millionaires. I hope they cashed out.

EDIT. Wow that coins value is limbo low....

from what i read in that article they cashed out, they are millionaires. the article said they were poor most of their lives and bought the coin as a joke with last of their money as a kind of infinite card lottery ticket.

like i said in my previous advice if you can cash out to increase your quality of life x amount with fiat, than do so. some states have caps on property tax as well, so move to one of those states, buy a house in cash, and retire early.

 

[R-T-B]

from what i read in that article they cashed out, they are millionaires. the article said they were poor most of their lives and bought the coin as a joke with last of their money as a kind of infinite card lottery ticket.

like i said in my previous advice if you can cash out to increase your quality of life x amount with fiat, than do so. some states have caps on property tax as well, so move to one of those states, buy a house in cash, and retire early.

I do like your logic. Get enough to be happy, and get out. I relate.

 

[Outback Bronze]

Get enough to be happy

Prob is I'm never happy

 

[Space Lynx]

Prob is I'm never happy

that's the problem for a lot of people. 95% of people I know have already blown their 1400 dollar government check on dumb crap. or on a junk car that will break down in a year.

i haven't spent a penny of mine. i'm hodling my fiat until i can buy a log cabin in the woods along with a small amount of land. and i happen to live in a state that has capped property taxes, so i should never be run out by rising gentrification.

here is to hoping in 12-20 years I can retire in peace near a lake/pond that isn't busy, and be alone with my books and art and games.

 

[Outback Bronze]

already blown their 1400 dollar

That's what the government wants and why they gave it too you, trying to stimulate some sort of economy. But did/does it work?

 

[Space Lynx]

That's what the government wants and why they gave it too you, trying to stimulate some sort of economy. But did/does it work?

doubtful it works honestly. it was undermined by the unemployment benefit bonuses, until people get back to work its all useless and rising inflation is going to destroy all. the pfizer and moderna vaccine have saved the day, if you don't want to get it that's fine, but its time to get back to work, no more bonus to unemployment. people got by in the past without any bonus.