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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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FFVII

Dohnjoe wrote: »

50k, 100k, 1 million according to a bunch of crypto pundits/talking heads who plucked numbers out of the air

Same guy that said 6 was incoming a few months ago sooooooo...

Dohnjoe

FFVII wrote: »

Same guy that said 6 was incoming a few months ago sooooooo...

Every day countless internet people make predictions, if just one of them is right (broken clock right twice a day), then they are hailed as the messiah. When their next "plucked out of thin air" prediction is wrong, they are swiftly forgotten. Fantastic system.

q85dw7osi4lebg

Serious bump in my BTC holding with the current prices. Going to be tight with the Christmas presents this year, too much stacking to be done.

Dohnjoe

Just did a few purchases there last night, haven't done that in awhile. Took a whirl on BTC, Eth and BNB.

Bob24

Dohnjoe wrote: »

Just did a few purchases there last night, haven't done that in awhile. Took a whirl on BTC, Eth and BNB.

I’m in two minds about BNB. It has taken a massive beating in the past couple of months and I think considering there is the power of Binance behind it I think there could be a very strong recovery of/when it changes direction.

But on the other hand, there really isn’t anything good to look at on the charts for the past 6 months.

I’d make a move on it at this prices, but having in mind that it could really go either way and I am hoping for a nice reward if the direction is up.

Lex Luthor

Dohnjoe wrote: »

Just did a few purchases there last night, haven't done that in awhile. Took a whirl on BTC, Eth and BNB.

Nice one, its been a while since there was some opportunity to take

This move yesterday more than likely came from Bitcoin filling the gap in the CME futures which was about $6500 range

there is another gap around $11,800 so watching the price action for that one

Price could still go anyway in the next few weeks, there is nice support at $7,000 so should tip along this for a few more days, then again tomorrow is the triple witch friday so anything could happen

Dohnjoe

Bob24 wrote: »

I’m in two minds about BNB. It has taken a massive beating in the past couple of months and I think considering there is the power of Binance behind it I think there could be a very strong recovery of/when it changes direction.

But on the other hand, there really isn’t anything good to look at on the charts for the past 6 months.

I’d make a move on it at this prices, but having in mind that it could really go either way and I am hoping for a nice reward if the direction is up.

Yeah I still think it's overpriced. But alts in general are so up to chance, even if a project is decent it can just be caught up in the maelstrom of selling and interest in it gets wiped, along with price

Whereas with BNB, it's one of the most "solid" out of all of them (using that term loosely), as a token it's used for something, and I believe the exchange can actually survive on it's own revenue (which definitely isn't the case for 99.9% of alts)

If this bear never ends, everything is going down anyway
If (similar to the dotcom crash) most crypto dies, but a few do very well - then BNB as the premier exchange is well placed to benefit from that
If there is another large bull run of most coins (like 2017) again, as the premier exchange, it is well placed to do well

Two out of three scenarios is better than most alts, or "least worst". Of course the exchange itself could suffer a massive killer hack, but that's always a risk, and I think they are more resilient than most other exchanges

GodlikeRed

Its BTC all the way for me.
I've messed around with other coins for a couple of years and would've been better off just (money & mind) sticking with BTC.

Lex Luthor

Nice few % gains on BTC in last 24hrs. Only fear is that it may well retrace to fill the CME Futures gap created over the weekend, however that low point is still at a decent level.

If it can close above €7050 its a really good sign.

Grumpypants

So the Bitcoin hash ribbon just crossed into "buy" territory for the tenth time.

What's this you say, and why should i care?

Across the 9 other times this happened, we saw an average of a 5000% rise. Last time was only 330%. But that would still put us on the right side of 15k.

This ribbon basically shows miners giving up. That's not a bad thing.

When the small miners give up (usually the ones who sell everything and put a lot of selling pressure on the market) it leaves only the serious operations that don't need to sell constantly. The pressure lifts, the price rises.

Couple this cross with the up coming halving also reducing the reward and making it harder to earn, and we could be on the cusp on the next break out.

Of course it could go all belly up so never invest in what you can't afford to lose.

Dohnjoe

We're also over the twice repeated December dip - but then again, crypto has proven itself to be reliably unpredictable

If we have another dead year or false bull, will be very curious to see what it does in 2021.

Lex Luthor

Grumpypants wrote: »

So the Bitcoin hash ribbon just crossed into "buy" territory for the tenth time.

What's this you say, and why should i care?

Across the 9 other times this happened, we saw an average of a 5000% rise. Last time was only 330%. But that would still put us on the right side of 15k.

This ribbon basically shows miners giving up. That's not a bad thing.

When the small miners give up (usually the ones who sell everything and put a lot of selling pressure on the market) it leaves only the serious operations that don't need to sell constantly. The pressure lifts, the price rises.

Couple this cross with the up coming halving also reducing the reward and making it harder to earn, and we could be on the cusp on the next break out.

Of course it could go all belly up so never invest in what you can't afford to lose.

ya seen that its just starting to compress so if you base it on previous occurrences they were all prior to bull runs

grindle

https://www.glamourmagazine.co.uk/article/what-is-blockchain-technology

Slow news day.

banie01

I've been grinding away on crypto - crypto trades over the last couple of months and growing overall volume held.

Have been moving some holdings out of equities and into fixed income over the last while too.

The drop in ALTs across the board Vs BTC has opened some medium term potential for gains Vs BTC IMO.

It's mad to think that being a BTC maximilist, ie holding and accumulation of an incredibly volatile asset/instrument is any more rational than piling into ALTs or Florida swamp land

But somehow it is and here's to next year's bloody roller coaster

el Fenomeno

banie01 wrote: »

I've been grinding away on crypto - crypto trades over the last couple of months and growing overall volume held.

Have been moving some holdings out of equities and into fixed income over the last while too.

The drop in ALTs across the board Vs BTC has opened some medium term potential for gains Vs BTC IMO.

It's mad to think that being a BTC maximilist, ie holding and accumulation of an incredibly volatile asset/instrument is any more rational than piling into ALTs or Florida swamp land

But somehow it is and here's to next year's bloody roller coaster

I've doubled the amount of Ripple I own by trading in and out of Bitcoin the last 6 months or so.

My investment is now twice as worthless as it was before the summer.

banie01

el Fenomeno wrote: »

I've doubled the amount of Ripple I own by trading in and out of Bitcoin the last 6 months or so.

My investment is now twice as worthless as it was before the summer.

Well there is always that, double nothing is still nothing I suppose

q85dw7osi4lebg

Happy year of the halving

Fun times ahead.

JJJJNR

2019 was such an eye opener to the world of cryptocurrency for me, I made some nice gains on Eth then BAT which I sold and put it all into XLM and then into other cent projects on the stellar network and tbh not down a whole lot.

Here's for 2020 and a massive bang on the upside.

JJJJNR

Nothing like the threat of ww3 to give crypto a pump, not sure we will see 73 dollar eth again this year.

unkel

JJJJNR wrote: »

Nothing like the threat of ww3 to give crypto a pump, not sure we will see 73 dollar eth again this year.

It didn't quite go that low last year, did it? I thought it was more like 83 dollar or so the lowest closing price.

JJJJNR

73 euro dec 15 2018, seems so long ago now.

JohnnyFlash

JJJJNR wrote: »

73 euro dec 15 2018, seems so long ago now.

Massive bags of shîtcoins are denominated in dollars, dude.

unkel

JJJJNR wrote: »

73 euro dec 15 2018, seems so long ago now.

Ah ok, you said dollar before. We really shouldn't quote crypto prices in EUR, the volatility in USD is bad enough

Frozen Veg

We seem to be ready for take off.

Fasten your seat belts.

Grumpypants

I've been locked in for months now lol

Lex Luthor

Nice 24hrs for XRP
Probably on the back of this
https://www.binance.com/en/support/articles/360038497311

Dohnjoe

2 days of positive movements after months of downward/sideways movement. Ahh January.

Grumpypants

The boom is back

paleoperson

So in general terms bitcoin has been decreasing steadily since June 2019 from €7,000 to €6,500 and no signs of abating.

I told you all. You can't make money out of thin air. Any money you do get from it is just taking from someone else.

makeorbrake

paleoperson wrote: »

So in general terms bitcoin has been decreasing steadily since June 2019 from €7,000 to €6,500 and no signs of abating.

Bitcoin has put in higher lows each year over eleven years. That means it's been appreciating. You may have missed it but it was recently recognised as the asset class with the best return on investment over the course of the last decade.

paleoperson wrote: »

I told you all. You can't make money out of thin air. Any money you do get from it is just taking from someone else.

And how does this work with Forex and gold? Is it any different? You are also setting out from an errant premise i.e. that this is vapourware. That's not the case.

Interesting turn of phrase though, this -> 'You can't make money out of thin air'. Well, any central bank around the world can. You cannot tell me how many dollars are in circulation, how many will be in circulation tomorrow, next month, next year, etc. Meanwhile, we know that there will never be more than 21 million Bitcoin. Some see the significance of that whilst others can't see the wood for the trees.