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R/bitcoinmarkets[Daily Discussion] Friday, November 13, : BitcoinMarkets
A significant correction is a matter of when not if. Could happen from this price level or we could get one last squeeze higher. Waiting patiently for this long scalp for half a day, if I get it. This is already showing a 15m bull div, so it's possible I don't get it for quite a while longer. The institutional money is starting to trickle in not in a rush but gradually. The price is ascending but not in a comical way.
The hype is almost nonexistent. Your brother in law and your neighbour still own 0. If we rally to 19k from here we're looking good. If we dip back to 14k we're technically still bullish. There's literally no losing right now unless you're fiddling with risky shorts or gigalonging like a degenerate me. I told my friend "the only way he could possibly get screwed at this point is if it just goes up relentlessly and never gives him a chance to get back in because he tried to flip it for a quick buck" lol.
Haha it's one of my favorite stories! It was really weird to see him buying it bc he'd never mentioned it before. He got out and never bought back in lol. I haven't talked to him about it since, so I can't imagine he cares much.
But he also may not even know the price, lol. Actually, we may have discussed it once since then and I think he and I were just both surprised at how resilient it was. I'm actually suprised how little he cares about it, Espacialy considering he bought it,lols. I wonder if he'll change attitude once we break 20k or k A couple of odd triangles today.
They don't mean anything, but I can't remember really seeing formations like these. They seem backwards lol. Just thought I'd share.
I don't think they are part of a bigger formation. Just two weird little occurrences on a small time frame. If you know your chart patterns, these triangles are perfectly backwards from named triangles. The first one is a backwards descending triangle and the 2nd is a backwards ascending triangle.
There is a reality behind triangle formations. Descending triangle is buyers being outpaced by sellers by a certain rate. Ascending triangle is buyers outpacing sellers by a certain rate. I only posted these because they imply something different happening. Buyers are outpacing sellers making higher highs, but somehow the sellers manage to push to the same horizontal level every time.
Then the opposite scenario for the 2nd one. Note some of the new shares were probably purchased with bitcoin but I believe a majority were usd purchases. Here is my spreadsheet I update in my free time. Some data isnt perfect but its mostly correct. Not currently, you cant withdraw your btc. Plus there is a premium on the secondary market after 6 months so if you want to sell its better to just wait out that 6 months and sell for that premium.
If they do offer a way to sell at the NAV, I dont know about it and they would probably just pass on the amount to another buyer. Premium will most likely go down over time as more shares are traded on the secondary market. Bro, you are legend for keeping this document up to date and sharing it with us. Thank you, been tracking their buys with you since the halving. Imagine what their numbers will do in as we make new ATH's and pull in the masses attention.
I appreciate it : although tbh I mostly update it for myself to see the numbers of people accumulating. It makes me happy others can get value out of it too, so im always willing to share the link when I can. Yes, but somewhat steadily in terms. Nonetheless, we will correct to around 14 or 12k at some point.
If you're in for short term gains I'd wait - if long term years it does not really matter all that much - DCA. Edit: also your absolute language. Very true, no one does - but I'd bet on us hitting k again. PA wise a correction is due, there's been too many green candles. What's your guess then?
Are Paypal's customer base driven buying soaking up any possible dip? PayPal must have some base inventory from which they sell and then have bots that aggregate the net demand or net sales every few seconds or minutes from transactions on its platform and place actual buys or sells on exchange.
They have even made trading spread and fees free until end so I suppose it's an attractive game for Robinhooder types. It does have the potential at least in the fee free period until end of year to significantly change the natural price trajectory we typically expect meaning the dips, whipsaws, etc. Unlikely to be solely dependant on OTC. I don't think otc allows buying as quickly and reactively as they need to for hedging themselves from the risk taken by transacting with their customers.
Just curious, how much Bitcoin are you guys holding? I feel poor over here holding 0. You should be wary of trading it as it has a habit of reducing your stack over long periods of time. I'll long a bit here on low leverage. Oh, it's going down I will add since I used low leverage. It's down even more I will add just a bit more to lower my entry. Oh shit now it's freefalling I better close before I lose it all.
Oh great I just lost a lot of Bitcoins. I just got greedy trying to retire early. And only use that to either hedge the fiat value of your stack or put your entire position x2 or anywhere between those 2 points.
I feel guilty but man I had a giggle I'm laughing at you because you're funny not at the OP's loss. If I can't bitcoin, I can't bitcoin. If I'm hurt, I'm hurt. Simple as that. It's not about that at all. But it's easy to talk about and sum it up when you just talk about bitcoin; we're sitting here, and I'm supposed to be the franchise player, and we're in here talking about bitcoin. I mean, listen, we're talking about bitcoin. Not a game!
We're talking about bitcoin. Not a game; not the game that I go out there and die for and play every game like it's my last, not the game, we're talking about bitcoin, man.
I mean, how silly is that? I know I'm supposed to be there, I know I'm supposed to lead by example, I know that. And I'm not shoving it aside like it don't mean anything. I know it's important. I honestly do. But we're talking about bitcoin, man. What are we talking about? We're talking about bitcoin, man! We're talking about bitcoin!
We're talking about bitcoin We ain't talking about the game! When you come to the arena, and you see me play You see me play, don't you? This is what's great about bitcoin. This is what the greatest thing about bitcoin is: you play to win the game. You play to win the game. You don't play it to just play it. That's the great thing about bitcoin: you play to win, and I don't care if you don't have any wins. You go play to win.
When you start tellin' me it doesn't matter, then retire. Get out! Same market psychology and confirmation. What the fuck is this shit? How are we supposed to get Ws if we do shit like this, boys? Quick Q about kraken futures. Is there currently any BTC futures beyond december of this year? The website says there are monthly, quarterly, and semi annual futures available. Im not seeing any semi annual. The monthly contract is November The quarterly contract is December The semi annual contract is March.
And of course, the perpetual contract never expires. Within our Support Center, we list the fixed maturity futures contract specifics , including the first trading days of new contracts. I'm sure his accusors will as well. Remember when he tweeted "lmao come and get me motherfuckers ctfc"? So satisfying to see a man who deems himself invincible break apart. The shit he was tweeting was like he wanted to get caught by the DOJ.
Remember how he shilled all those DeFI coins a few months back? Same with that Portnoy guy, picking letters out of Scrabble and buying that stock. Usually, daily threads allow members to analyze recent events relating to bitcoin. Also, you can access trading ideas, strategies, and technical analysis on these threads, as long as they conform with the current market movements. Lastly, you can ask questions relevant to the topics or events discussed on the thread. Unlike the daily discussion thread that majorly focuses on bitcoin-related topics, the altcoin discussion thread encompasses the entirety of the crypto market.
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