Cryptocoin Value and Market Trend Discussion

[Nash]

Nice but this is a price discussion thread.

Nice, thumpers and charters, projectors and decriers ok, and without the resource there is nothing to price.
Meanwhile, China crypto crackdown wipes $400 billion off market, BTC slides (cnbc.com)

BTC plunging upward @ $34,160.52

 

[R-T-B]

Nice, thumpers and charters, projectors and decriers ok,

Yep, that's the topic in a nutshell. It is what it is We have other topics for other things.

 

[Nash]

Yep, that's the topic in a nutshell. It is what it is We have other topics for other things.

Nah, I won't agree with that for one second, the topic is a product of mining.

 

[R-T-B]

Nah, I won't agree with that for one second, the topic is a product of mining.

Sorry, you don't get to decide the topic.

The topic is "Cryptocoin Value and Market Trend Discussion"

 

[Nash]

I disagree. Hit the ignore button!~

Cryptocurrency exchange Binance banned by UK regulator (cnbc.com)

 

[RandallFlagg]

I disagree. Hit the ignore button!~

Cryptocurrency exchange Binance banned by UK regulator (cnbc.com)

The initial regulatory actions to ban bitcoin might actually increase the value. Look at what happened to the prices of Dr. Seuss books recently.

Along those lines, BTC is maintaining a bullish bias with bottom momentum divergences in the short term. I think we will see 40-45K before we see a new low, and it's possible it could go higher :

 

[trog100]

eth seems to be doing well.. up near 15% on the day..

its outpacing bitoin which is only up about 5%..

i would like to see eth do well it helps my mining returns.. he he

trog

 

[R-T-B]

I mean the

The initial regulatory actions to ban bitcoin might actually increase the value. Look at what happened to the prices of Dr. Seuss books recently.

Agreed. In that vein his posts on those news articles were ontopic. I was refering to a deleted image he posted of a mining farm being offtopic.

And yes, I do believe Chinas widescale seizure of bitcoin is effecting the price positively. There is less to satisfy demand.

 

[lexluthermiester]

Nice but this is a price discussion thread.

It's a "Value and Market Trend" discussion.

Sorry, you don't get to decide the topic.

No, but I do. And that's what it says... It hasn't changed since I created it for this topic of discussion. Nash's post, IIRC, was fine. Why it was deleted is a mystery to me...

Or did I miss something? Perhaps I'm not understanding what the problem is?

I disagree. Hit the ignore button!~

Be nice. R-T-B is a good guy.

 

[R-T-B]

Nash's post, IIRC, was fine.

A random picture of a large scale miner with no commentary?

Let's just move on, shall we?

 

[lexluthermiester]

A random picture of a large scale miner with no commentary?

Let's just move on, shall we?

Right, not what I remembered. Moving on..

 

[ZenZimZaliben]

Since when are OPs also thread Mods? LOL. This thread is sorta garbage now anyway. It's just two sides arguing about how crypto will crash/moon and how each side is stupid for investing/not investing. The old thread that was closed for NO GOOD REASON was better and also killed all the momentum in that thread. Now we just have 2 sides bickering and trying to one up each other. And that is also why I am unwatching. You would think on a tech site like this crypto currency would be a pretty interesting, deep topic but instead it's just "ur stupidz 4 not doin what i did" in the most passive aggressive ways possible.

 

[LFaWolf]

Since when are OPs also thread Mods? LOL. This thread is sorta garbage now anyway. It's just two sides arguing about how crypto will crash/moon and how each side is stupid for investing/not investing. The old thread that was closed for NO GOOD REASON was better and also killed all the momentum in that thread. Now we just have 2 sides bickering and trying to one up each other. And that is also why I am unwatching. You would think on a tech site like this crypto currency would be a pretty interesting, deep topic but instead it's just "ur stupidz 4 not doin what i did" in the most passive aggressive ways possible.

I know right? Stop the bickering. This thread is to help people make money. I missed the last bounce. Help me make 10% again. Come on!

 

[trog100]

i am just posting my own take on what is happening or likely to happen price wise..

having said that going sideways is boring.. not a lot can be done about that..

eth might take a jump but i recon its sideways for bitcoin for a while..

trog

 

[lexluthermiester]

Since when are OPs also thread Mods?

OP's define the topic of discussion. Don't like it, too bad. Let it go.

i am just posting my own take on what is happening or likely to happen price wise..

having said that going sideways is boring.. not a lot can be done about that..

eth might take a jump but i recon its sideways for bitcoin for a while..

trog

The over-all trend is on the down slope. It would take a number of jumps over a period of time to change that slope.

 

[R-T-B]

The over-all trend is on the down slope. It would take a number of jumps over a period of time to change that slope.

Depends on the metric you use. YTD is still up, is it not?

 

[ZenZimZaliben]

I know right? Stop the bickering. This thread is to help people make money. I missed the last bounce. Help me make 10% again. Come on!

You are wrong about thread, you are not a mod and I did "let it go" by unwatching. Peace out. Only reason I responded was you mentioned me. So, try not to do that again. K. Thanks.

 

[trog100]

i do believe that people who read this thread are aware of the built in coiner no coiner bias that exists and can make allowances for it..

i am a coiner and openly declare my bias.. i think its time the no coiners did the same think..

talk it up talk it down.. the crypto scene is rife with it.. first look at who is saying it and then figure why they are saying it..

the last thread got wrongly closed this one will probably go the same way... he he..

trog

 

[lexluthermiester]

Depends on the metric you use. YTD is still up, is it not?

True! Hugely up. But watching the trends, the slope is on the down..

the last thread got wrongly closed this one will probably go the same way... he he..

As long as we stay civilized that will not be needed.

 

[LFaWolf]

You are wrong about thread, you are not a mod and I did "let it go" by unwatching. Peace out. Only reason I responded was you mentioned me. So, try not to do that again. K. Thanks.

I think you quoted the wrong person...

 

[RandallFlagg]

i do believe that people who read this thread are aware of the built in coiner no coiner bias that exists and can make allowances for it..

i am a coiner and openly declare my bias.. i think its time the no coiners did the same think..

talk it up talk it down.. the crypto scene is rife with it.. first look at who is saying it and then figure why they are saying it..

the last thread got wrongly closed this one will probably go the same way... he he..

trog

Why so divisive? One does not need to be pro nor con on the topic to have an opinion or view on the market. Are you pro or con FAANG stocks? How about companies that own pipelines? Over the road transports? Rail? These all compete with one another, do you have a preference? It doesn't make any sense to interject political / personal views into market analysis.

Now, that is not to say that politics and in particular policy doesn't influence it For example the transportation industries I just listed move oil. This administration is clearly anti-pipeline, and pro rail in particular pro BNSF due to its relationship with Pelosi. That may (and actually, has) affect policy hence the market, regardless of what you or I think of pipelines or the politics involved.

 

[95Viper]

Stay on the topic!
Stop your bickering.
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Guidelines say it all.
Thank You and Have a Civil, On-Topic Discussion

 

[trog100]

bitcoin is now at over 35K and eth at around 2150.. i call this sideways and slightly upwards..

the main point here is that bitcoin resisted the much predicted dive down below 30K over the weekend..

eth is doing a tad better than bitcoin.. in fact its doing quite nicely..

trog

 

[ppn]

Well it looks pretty standart so far, with one big fake bullrun buying opportunity before it finally succumbs I guess.

 

[Vya Domus]

The thing is this "hodl" mentality has been cemented pretty well into people's psyche during this past decade. People will keep buying no matter what, metrics from exchanges show that there are almost always more buyers of BTC than sellers irrespective of market conditions.

Of course the thing is these are mostly retail investors, meaning they have very little capital so that's why prices barely budge even though the buy/sell ratio might be 80/20 after a crash. The only question is when or if big players will decide to pump the price again.

This isn't a problem in particular if you recognize these patterns, it's important you realize this because you can, in fact, profit from it. Though most will continue to be cannon fodder having never realized any real profits.