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re: Official CryptoTalk Thread

Posted on 7/21/21 at 1:44 pm to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82094 posts
Posted on 7/21/21 at 1:44 pm to
That is correct - that is why we haven't heard it before but I wasn't sure if that was something voluntarily disclosed previously. I guess not, and this is the first time it has been confirmed.
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21082 posts
Posted on 7/21/21 at 1:44 pm to
days like this I wish I day traded crypto ... the pump with Elon, Cathy and Jack all pumping it live on Youtube was so damn obvious

Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82094 posts
Posted on 7/21/21 at 1:46 pm to
Obvious pumps like this aren't common. Usually when it is this obvious, things tank. I'm surprised it is pumping TBH
Posted by sonoma8
Member since Oct 2006
8115 posts
Posted on 7/21/21 at 1:47 pm to
Has a bullish trap-ish feel. Guess we will see
This post was edited on 7/21/21 at 1:48 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82094 posts
Posted on 7/21/21 at 2:06 pm to
Had to step away for a work meeting. Someone post some updates if anything important is discussed in the debate
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 7/21/21 at 2:16 pm to
yeah, im reaaaaal skeptical.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 7/21/21 at 2:18 pm to
Elon says Tesla will start accepting Bitcoin once he can confirm that over 50% of the Bitcoin mining power usage can be attributed to renewable resources.
Posted by TheDuke5524
Baton Rouge
Member since Jun 2015
1413 posts
Posted on 7/21/21 at 2:24 pm to
Trying to guess if it’ll settle positive and trending up or just go back to the slow bleed after this is over.
Posted by FlyinTiger93
Member since May 2010
3724 posts
Posted on 7/21/21 at 3:46 pm to
At least, the slow bleed will start at a higher price point.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 7/21/21 at 5:26 pm to
what do we think, bottom is in?

gotta think Elon will do less trolling moving fwd although I don't think he gets it quite yet

etf approval or another fortune 500 will get us a 5k candle.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 7/21/21 at 5:29 pm to
I’m all for green dildos
Posted by go ta hell ole miss
Member since Jan 2007
14586 posts
Posted on 7/21/21 at 5:30 pm to
quote:

what do we think, bottom is in?


I have some terrible news. I added to my positions today. If the last five months is any indication this is sure to set off at least another 10-25% decline in the near term. I’ll let you all know when I sell, so you can know the bottom is actually in.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 7/21/21 at 5:33 pm to
ha sounds good my man
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 7/21/21 at 5:45 pm to
quote:

what do we think, bottom is in?


I’m unsure why we would think that. Btc sat below 30k for 24 hours which it hasn’t done since breaching 30k initially.

Swing traders are probably responsible for the rebound- they waited a day to see if btc was going to hold 29k, it did, so they bought and are going to take profits at 34-35 (they hope).

32-33k has become as resistance point of its own which isn’t really a good sign.
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5533 posts
Posted on 7/21/21 at 5:59 pm to
quote:

Btc sat below 30k for 24 hours which it hasn’t done since breaching 30k initially.


Which was a month ago tomorrow. Hasn't hit 28 since.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 7/21/21 at 6:56 pm to
No, I mean since raising above it months ago.

Every trip below 30k was met with a rebound in hours until a couple days ago.
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5533 posts
Posted on 7/21/21 at 7:03 pm to
I'm just saying that a month is a decent amount of time to have not tested 28 again after falling to that.
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5583 posts
Posted on 7/21/21 at 7:25 pm to
That wyckoff chart showed one last test below 30 before the spring. This is the spring








Or it’s not
Posted by saderade
America's City
Member since Jul 2005
26305 posts
Posted on 7/21/21 at 9:08 pm to
Has anyone heard of Pi network as a future cryptocurrency? Basically it’s an app where you mine coins on your phone and increase your mining rate by referring users and connecting yourself with other users. The coins currently hold no value but the goal is to eventually launch into a usable coin. It was recommended by someone who’s pretty knowledgeable in this but I’m obviously not.

PiWebsite
Capital.com
Bitcoinist
Posted by Got Heeem
Georgia
Member since Sep 2012
3631 posts
Posted on 7/21/21 at 9:16 pm to
I press that button every day. It's stupid. I still do it.
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