Is anyone else starting to become a bit excited?

seannash · 11-01-2021 03:07PM

Dohnjoe wrote: »

Possibly, crypto has so little history and relies so much on herd psychology that it grasps onto anything

Bull 2013, bull 2017, therefore "4 year cycle", which becomes it's own self-fulfilling prophecy

True, and with every crypto analyst doing long videos that cover ever possible scenario its very easy for people to put faith into a lot of what they are saying when they go back and cherry pick from their previous videos and demonstrate how they were right about the last movement.
This one does have a crash like feel to it. Might not go too much further but I can see it going sideways from wherever it lands for a bit

grindle · 11-01-2021 03:11PM

Maybe it is a coincidence, but it's been operating like clockwork to this point. At some point a series of apparent coincidences will have to be viewed as a predictable pattern. If it raises again in a week and the bull starts and ends the way they have in the past, will we still be wondering about the cycle in four more years and four after that? I wouldn't be shorting BTC (well, apart from having none).

Let's hope it's a proper crash & breaks that cycle narrative and goes sub $10k, that'd be a gift.

Dohnjoe · 11-01-2021 03:15PM

Yup, this is a relatively big one

BrandonBay86 · 11-01-2021 03:16PM

In at 30,800. What a gift.

BrandonBay86 · 11-01-2021 03:17PM

grindle wrote: »

Maybe it is a coincidence, but it's been operating like clockwork to this point. At some point a series of apparent coincidences will have to be viewed as a predictable pattern. If it raises again in a week and the bull starts and ends the way they have in the past, will we still be wondering about the cycle in four more years and four after that? I wouldn't be shorting BTC (well, apart from having none).

Let's hope it's a proper crash & breaks that cycle narrative and goes sub $10k, that'd be a gift.

If any of PlanB’s 3 stock to flow models materialise, the next cycle will be front run.

Dohnjoe · 11-01-2021 03:22PM

BrandonBay86 wrote: »

If any of PlanB’s 3 stock to flow models materialise, the next cycle will be front run.

Most crypto TA is horse****. These aren't stocks whereby the underlying companies will be doubling revenue due to economic changes ergo their share values will double, crypto is more like trying to predict which direction a flock of sparrows will take next

BrandonBay86 · 11-01-2021 03:34PM

Dohnjoe wrote: »

Most crypto TA is horse****. These aren't stocks whereby the underlying companies will be doubling revenue due to economic changes ergo their share values will double, crypto is more like trying to predict which direction a flock of sparrows will take next

S2F ain’t TA sir.

BrandonBay86 · 11-01-2021 03:35PM

Mother of God that dip is getting eaten up

Bruno Mannheim · 11-01-2021 04:27PM

pconn062 wrote: »

Anyone else having issue with Binance? I can't deposit any euro with card or sepa transfer or buy direct with card. The system keeps telling me I need to verify my identification even though I am already verified and have made multiple purchases already. No way around it either, if I click verify it tells me I'm verified already and keeps going round in circles. Anyone any clue what's going on?

usually with Binance you just go into the Wallet and select Deposit for the EUR wallet
Select SEPA and put in a value to take you to the next page which has all the bank details and specific reference number to use to make a withdrawal transfer from your bank

Bruno Mannheim · 11-01-2021 04:29PM

Cona wrote: »

Theres a CME gap up around 40K (cant recall exact figure). They get filled 99% of the time. Considering we are still in a bull market I think once institutions come online shortly we could see a sharp rise today back to the 37-39k price range.

that gap will get filled as it rises

no panic to see it rise back to those levels now, RSI still overbought, needs a cooling off period

Bruno Mannheim · 11-01-2021 04:37PM

grindle wrote: »

How come the 4 year cycle has become a 3 year cycle? And why would the funds who were happily purchasing many hundreds of millions worth of BTC when it was $15k to $21k not be buying from $5k-$15k?

I hope you're right though, cheap coins are good for the soul.

Bitcoin still runs with a 4 yr cycle

We are currently in the bull cycle with plenty retraces to come over the next possible 12 months

Average retraces in the last bull cycle was -35%

cnocbui · 11-01-2021 04:41PM

CNBC are up to their old tricks. Biggest headline I have ever seen them use and of course its to trumpet that UK crypto warning. :rolleyes:

They also mention a new crypto exchange - Bakkt.

BrandonBay86 · 11-01-2021 05:02PM

cnocbui wrote: »

CNBC are up to their old tricks. Biggest headline I have ever seen them use and of course its to trumpet that UK crypto warning. :rolleyes:

They also mention a new crypto exchange - Bakkt.

Long term hodlers ain’t falling for the strategically timed fud. Next it’ll be tether. In fact anyone who understands it will just accumulate indefinitely regardless of price.

Green Mile · 11-01-2021 05:11PM

Green Mile wrote: »

Does anyone know if the MTGox list of creditors are available online to view?

I found it. I can see the list of creditors when I log into claims.MtGox.com
I can see my name there under ‘claim accepted’
Will (continue to) wait and see

antgal23 · 11-01-2021 05:32PM

If 30 doesn't offer resistance I'll see youse at 20 k

BrandonBay86 · 11-01-2021 05:46PM

antgal23 wrote: »

If 30 doesn't offer resistance I'll see youse at 20 k

Enormous buy wall at 29.9k on the depth chart.

BorneTobyWilde · 11-01-2021 06:13PM

I guess at 44,000 a lot of people sold to get their hookers and cocaine .

BorneTobyWilde · 11-01-2021 06:15PM

cnocbui wrote: »

CNBC are up to their old tricks. Biggest headline I have ever seen them use and of course its to trumpet that UK crypto warning. :rolleyes:

They also mention a new crypto exchange - Bakkt.

All it takes is people in high places to make a negative remarks for high people in places to sell sell sell .

TXPTGR1 · 11-01-2021 06:18PM

Loving the delusion on display here - Bitcoin is useless

Jim Root · 11-01-2021 06:19PM

squeky bum time. I dropped in €3k on Friday at pretty much the ALT. Plan was always to hold for a couple of years but man, the ride is wild!

Green&Red · 11-01-2021 06:21PM

TXPTGR1 wrote: »

Loving the delusion on display here - Bitcoin is useless

Cool story bruh

crushproof · 11-01-2021 06:25PM

BorneTobyWilde wrote: »

I guess at 44,000 a lot of people sold to get their hookers and cocaine .

Shoulda done the same. Cokeless and hookerless tonight, guess I gotta hold tight!

Fawk Nin · 11-01-2021 06:29PM

Jim Root wrote: »

squeky bum time. I dropped in €3k on Friday at pretty much the ALT. Plan was always to hold for a couple of years but man, the ride is wild!

You and me both. Happy to sit on this for the long term but it's never nice to see such a huge drop straight after jumping in.

TXPTGR1 · 11-01-2021 06:32PM

Green&Red wrote: »

Cool story bruh

Let me guess , you’re in it for the technology ðŸ˜‚

BrandonBay86 · 11-01-2021 06:42PM

TXPTGR1 wrote: »

Let me guess , you’re in it for the technology ðŸ˜‚

Let me guess:

1) You have no idea how it works
2) You regret not buying it under 10k the last few years
3) You have no savings

BrandonBay86 · 11-01-2021 06:43PM

BorneTobyWilde wrote: »

I guess at 44,000 a lot of people sold to get their hookers and cocaine .

I must have been asleep when 44k hit

BrandonBay86 · 11-01-2021 06:44PM

A lot of doom and gloom in here considering bitcoin is up 7% for the week.

Bruno Mannheim · 11-01-2021 06:53PM

BrandonBay86 wrote: »

In at 30,800. What a gift.

that was a nice hit, looks like the support is around the 30,250 mark

TXPTGR1 · 11-01-2021 07:02PM

BrandonBay86 wrote: »

Let me guess:

1) You have no idea how it works
2) You regret not buying it under 10k the last few years
3) You have no savings

Wrong on all counts
I’ve a good idea how it works- very poorly
I bought at sub 2K and sold (at a non spectacular profit) when I realised that it’s useless - I have no regrets, yes some people will make a lot of money- most are going to be left holding heavy bags, quite a few of the fomoing eejits in forums like this and Reddit will ruin there lives
Nobody using it for what it was setup as - a digital currency
Now just a vehicle for whales to manipulate mentally feeble greedy idiots

cnocbui · 11-01-2021 07:20PM

BrandonBay86 wrote: »

A lot of doom and gloom in here considering bitcoin is up 7% for the week.

A perfect example of what I said earlier, that buying when others are fearful is hard and why people weren't, in general, buying when it was sub 9K and why so many new posters show up when it's going mental in the positive direction.

A minor 15% correction and people are sweating already.

Is anyone else starting to become a bit excited?

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