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Is anyone else starting to become a bit excited?

q85dw7osi4lebg

As per title, have we reached the bottom ?

Don't think we'll see the likes of $3200 ever again.

$5150 at time of posting.

Back in the mainstream media once more.

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vargoo

grindle wrote: »

:rolleyes:

Delighted you're making money off all those precise 30%-100% gains, expertly traded. Many on here have had 10,000% gains. Multiple times. Have fun trading for 50% gains against the guys selling their bags to you.

Yea, followed it all the way up to 20g and all the way back down to 3. And back up to 14 etc.

Crazy.

Nothing precise about it either. Rolling stop loss.

I may be small fish, but im a fish.

Logging in 100s of times a day looking at your virtual gains, same 1000% gains you never realised from 2 years ago.

Soon i'll be using profit only. Risk free.

Thargor

vargoo wrote: »

Yea, followed it all the way up to 20g and all the way back down to 3. And back up to 14 etc.

Crazy.

Nothing precise about it either. Rolling stop loss.

I may be small fish, but im a fish.

Logging in 100s of times a day looking at your virtual gains, same 1000% gains you never realised from 2 years ago.

Soon i'll be using profit only. Risk free.

Wow you sold out at 20k and bought back in at 3k? And yet your first post on BTC was only 2 months ago? How strange. I'm sure your upcoming screenshot of this trade will clear everything up though.

Grumpypants

I for one believe the validity of this random new poster. From the sounds of things he had bought one of Paddy's investment strategies and was able to navigate the crazy world of crypto with the ease of a well trained ninja.

unkel

Thargor wrote: »

Wow you sold out at 20k and bought back in at 3k?

That's not what he was saying.

makeorbrake

vargoo wrote: »

Yea, followed it all the way up to 20g and all the way back down to 3. And back up to 14 etc.

So you bought dips on the way up? You short it on the way down or you were accumulating? How often were you jumping in and out of the market? It's something I find very difficult - whatever hope there is on a longer play, its extremely difficult to make sense of it on a shorter timescale.

vargoo wrote: »

Nothing precise about it either. Rolling stop loss.

I can see the logic of rolling stop losses in conventional markets. But aren't stop losses extremely difficult to set in crypto/btc given the volatility (even on a daily basis)?

vargoo wrote: »

Logging in 100s of times a day looking at your virtual gains, same 1000% gains you never realised from 2 years ago.

Its a point well made and I think maybe it might have been lost on some here. I can oftentimes get caught up in those virtual gains (and losses!) but its all largely an irrelevance until you've realised the gain. It can take the pressure off somewhat though if you're up a considerable amount and there's some space below i.e. it has to really **** the bed before you're in the red.

vargoo wrote: »

Soon i'll be using profit only. Risk free.

I suppose that's one way to look at it. However, it remains to be seen if its the way to go. I was pretty substantially underwater having gone back into the market late last year - and that was all on $ previously accumulated on crypto. However, I was certainly treating that as the loss of real money. It's all psychological I suppose (hence why they say the psychology of markets is so important I guess)...although to your previous point, thankfully that virtual loss reversed into a considerable (and confirmed) gain.

Tango One

Lads my coinmarketcap.com app is able to tell the future 500k bitcoin and 10k ethereum ðŸ˜‚

sexmag

Tango One wrote: »

Lads my coinmarketcap.com app is able to tell the future 500k bitcoin and 10k ethereum ðŸ˜‚

What year is this? Asking for a friend so I..I mean he can long BTC and ETH

Tango One

sexmag wrote: »

What year is this? Asking for a friend so I..I mean he can long BTC and ETH

2025

app was supplied by my mate J Mc

q85dw7osi4lebg

Dreamy stuff

q85dw7osi4lebg

Wedge getting tight, big break to upside this weekend IMO.

q85dw7osi4lebg

Wicked off the bottom of bullish pennant which commenced 9th June.

I'm not overly fond of TA and crypto but it's clear as day there on trading view.

rapul

Breaking: Bakkt’s Bitcoin future contract gets green light from CFTC; will be launched on September 23
https://cryptonews.net/203580/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

Apologies first time adding a link via phone, but this is defo great news!

cnocbui

Personally I think futures trading is a red rag to a whale for encouraging manipulation, so don't welcome it. The world would be a better place without financial garbage like futures trading and derivatives.

el diablo

cnocbui wrote: »

Personally I think futures trading is a red rag to a whale for encouraging manipulation, so don't welcome it. The world would be a better place without financial garbage like futures trading and derivatives.

Yep I agree. I've no idea why so many are celebrating all this institutional money and derivatives etc. these moonboys only care about the short term price. It goes totally against the original premise of Bitcoin. It'll just lead to massive price manipulation and suppression in the future.

makeorbrake

el diablo wrote: »

Yep I agree. I've no idea why so many are celebrating all this institutional money and derivatives etc. these moonboys only care about the short term price.

These will be physically settled - so it means that they have to go out onto the actual market and physically buy/sell Bitcoin. There is also some interest in their hookup with Starbucks and how that will develop.

el diablo wrote: »

It goes totally against the original premise of Bitcoin. It'll just lead to massive price manipulation and suppression in the future.

Well, I agree - but then this sub-forum is coming under the investments section. It's all part of the speculative sideshow. It probably still needs all this though to get it pushed out. Using the same rationale, Libra is a ****coin but it just might be useful in getting further Bitcoin adoption. Wall Street knows how to manipulate - but if the market gets bigger then single actors can't move the market so easily (and therefore, can't manipulate as easily).

If you want to just look at Bitcoin in the way that the cypherpunks did/do, then that's admirable. At the end of the day, we can all use Bitcoin right now. But the reality is that we need more people to be acquainted with it in order to use it effectively - and I see all of the above helping with that (even though that world doesn't care less about the original ethos of the crypto movement).

I look forward to the opportunity where I can manage the bulk of my finances in crypto and can stick the finger up at retail banking - but for various reasons, we're not there yet. Broadening the market will help a lot. Using the reach of some of these big tech/fintech/financial companies will also help to get it out to more people (either directly or indirectly). Those things will be good on the whole in the longer term even if we can never trust the wall street set.

stockshares

Binance to issue their version of Libra.
https://www.theblockcrypto.com/2019/08/19/binance-planning-to-launch-venus-similar-to-facebooks-upcoming-cryptocurrency-libra/

Bob24

stockshares wrote: »

Binance to issue their version of Libra.
https://www.theblockcrypto.com/2019/08/19/binance-planning-to-launch-venus-similar-to-facebooks-upcoming-cryptocurrency-libra/

Details are scarce for now, but it seems more like a platform to support the creation of multiple localised Libra competitors than being a direct Libra competitor (they are saying “Venus is an open blockchain project to develop localized stablecoins and digital assets pegged to fiat currencies”).

stockshares

Bob24 wrote: »

Details are scarce for now, but it seems more like a platform to support the creation of multiple localised Libra competitors than being a direct Libra competitor (they are saying “Venus is an open blockchain project to develop localized stablecoins and digital assets pegged to fiat currencies”).

This is their release
https://www.binance.com/en/support/articles/360032604131

" Binance today announced its plans to initiate an open blockchain project, Venus, an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. Binance is looking to create new alliances and partnerships with governments, corporations, technology companies, and other cryptocurrency companies and projects involved in the larger blockchain ecosystem, to empower developed and developing countries to spur new currencies.

With its existing global blockchain ecosystem, Binance has already reserved its public chain technology and cross-border payment system for secure operations of new stablecoins. Since its launch last April, Binance Chain has been running securely and robustly and has issued a range of stablecoins, including a BTC-pegged stablecoin (BTCB) and the Binance BGBP Stable Coin (BGBP) pegged to the British Pound. Binance will provide full-process technical support, compliance risk control system and multi-dimensional cooperation network to build Venus, leveraging its existing infrastructure and regulatory establishments.

Binance welcomes additional government partners, companies and organizations with a strong interest and influence on a global scale to collaborate with us to build a new open alliance and sustainable community. We encourage like-minded people and organizations to contact us and discuss the infinite possibilities of the digital world together: "

Bob24

Binance’s view might be that they can’t beat Facebook at creating a widely adopted global stablecoin, so instead they will bet on Facebook getting swamped with regulatory/public concerns for a while, and try to position themselves as the platform of choice for anyone who wants to create localised stablecoins which are more acceptable to the public and regulators.

Bob24

On a more short sighted and purely financial side of things, that announcement might also bring closer to us the date when BNB takes over LTC in terms of market cap.

Arrival

A while back I posted saying Satoshi himself said Bitcoin couldn't scale to be a complete cash replacement. So it wasn't actually Satoshi who said it, but with all the suspicions of Hal being Satoshi...it was Satoshi who said it:

https://mobile.twitter.com/PilotDaveCrypto/status/1165256398701285376/photo/1

cnocbui

That's an interesting idea. A bitcoin would be worth as much as a small country if all banking went that way.

Bob24

Arrival wrote: »

https://mobile.twitter.com/PilotDaveCrypto/status/1165256398701285376/photo/1

Yep that’s pretty much the same as what I was saying here: https://www.boards.ie/vbulletin/showpost.php?p=110991941&postcount=3967

But if it goes that way I think it has to be a mixed environment whereby people use what he describes as bitcoin banks for small daily transactions but also do self storage with their own keys for large balances/transactions. Otherwise it partly defeats the purpose of bitcoin aiming to give individuals direct control.

stockshares

Binance is launching a lending platform on 28th August.
15% apr if you lend out your BnB.
https://www.binance.com/en/support/articles/360032921211

Bob24

stockshares wrote: »

Binance is launching a lending platform on 28th August.
15% apr if you lend out your BnB.
https://www.binance.com/en/support/articles/360032921211

Is there anything Binance doesn’t plan to do? They have a new announcement every week :-)

JohnnyFlash

Bob24 wrote: »

Is there anything Binance doesn’t plan to do? They have a new announcement every week :-)

I’d say they plan to exit scam fairly soon.

Dohnjoe

JohnnyFlash wrote: »

I’d say they plan to exit scam fairly soon.

Presume you are being sarcastic..

Bob24

I think they need to focus and breath a bit more though. Looks like to me they are trying to do too many things too quickly, to a point it could damage some of their products and cause impactful mistakes.

Blueshoe

JohnnyFlash wrote: »

I’d say they plan to exit scam fairly soon.

Funds are safu buddy

stockshares

Bob24 wrote: »

I think they need to focus and breath a bit more though. Looks like to me they are trying to do too many things too quickly, to a point it could damage some of their products and cause impactful mistakes.

I thought it suspicious when the staff sold their BnB holdings instead of burning a percentage of the available coins to cover the recent coin burn.

They are taking a lot on and the price continues to drop.