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Posted on 12/9/24 at 9:08 am to TheJunction
quote:
Man, what happened overnight haha. Went to bed with things humming along. Woke up and… they’re not doing that anymore
that's when you want to buy more
skim profits on the good days, hold in cash, and then buy it back on the down days
Posted on 12/9/24 at 9:42 am to Harry Rex Vonner
The price action on bitcoin feels like shite the last few days. Every short term rally has sold off quickly. The TA people said closing above 100k for the first time yesterday was a big deal so we’ll see.
This post was edited on 12/9/24 at 9:43 am
Posted on 12/9/24 at 10:14 am to beaverfever
Just bought a stack of BITX in my Roth when Bitcoin dipped down to $97.8K. I will sell it when Bitcoin gets above $100K, recover my cash and put the gains in more BITO shares. The recovery could be later today or days from now, but I will gain some more BITO shares. I've done these volatility trades numerous times this year. I prefer Bitcoin to go straight up, but I'm not going to miss out on taking advantage of these price swings.
Posted on 12/9/24 at 11:03 am to 98eagle
I have about 10k on Coinbase but the max it says I can transfer is only like $200. Seems odd.
I have a cold wallet with more but was wanting to move the rest there.
Anyone know why?
I have a cold wallet with more but was wanting to move the rest there.
Anyone know why?
Posted on 12/9/24 at 12:54 pm to Billy Blanks
How accurate and/or worthwhile is the metric which shows the ratio of buys to sells/swaps?
If I’m seeing a coin that is consistently 70-80% buy vs 30-20 sell doesn’t it stand to figure that the price will go up?
Sometimes I see massive drops in price even though there never seem to be more people selling/swapping?
Can anyone help me understand how this works and if it’s even worth looking at?
Thanks!
If I’m seeing a coin that is consistently 70-80% buy vs 30-20 sell doesn’t it stand to figure that the price will go up?
Sometimes I see massive drops in price even though there never seem to be more people selling/swapping?
Can anyone help me understand how this works and if it’s even worth looking at?
Thanks!
Posted on 12/9/24 at 1:46 pm to Robin Masters
quote:
Sometimes I see massive drops in price even though there never seem to be more people selling/swapping?
10,000 people buying $20 worth will not keep the price up if one person sells $10M worth.
Price goes down.
This post was edited on 12/9/24 at 1:47 pm
Posted on 12/9/24 at 2:25 pm to boomtown143
quote:There are also people buying $1B at a time. Either way, you’re not wrong that in the aggregate there is evidently more interest in selling than buying at the current moment. That’s why I call bs that there’s any serious national state money at the table yet.
10,000 people buying $20 worth will not keep the price up if one person sells $10M worth. Price goes down.
This post was edited on 12/9/24 at 2:29 pm
Posted on 12/9/24 at 2:39 pm to beaverfever
quote:
There are also people buying $1B at a time. Either way, you’re not wrong that in the aggregate there is evidently more interest in selling than buying at the current moment. That’s why I call bs that there’s any serious national state money at the table yet.
They can be buying OTC
Posted on 12/9/24 at 2:44 pm to boomtown143
Still, OTC coins come from people selling the same way as exchange coins. Who knows. Maybe some smaller countries are getting more involved but I think any country with a major money printer would be hard to miss.
Posted on 12/9/24 at 3:35 pm to beaverfever
So does BTC touch $115k this week or is dropping hard?
Posted on 12/9/24 at 4:31 pm to ImJustaBoy
Meh. Just normal crypto chop. Go up and wipe out shorts. Drop and wipe out longs. Rinse. Repeat.
Posted on 12/9/24 at 4:51 pm to BottomlandBrew
I had cash on the side and went on a shopping spree today 
Posted on 12/9/24 at 5:15 pm to Harry Rex Vonner
What happened at 3 pm central time today? All the crypto took a nose dive at the exact same time
Posted on 12/9/24 at 5:35 pm to CatsGoneWild
Is it about to be btc szn again
Posted on 12/9/24 at 5:53 pm to 21JumpStreet
Added in my long positions. Stopped loss hit on my Link play
Posted on 12/9/24 at 7:00 pm to TheJunction
Anyone else get in on Luigi today? Been a nice little 5x-er so far
This post was edited on 12/9/24 at 7:36 pm
Posted on 12/9/24 at 7:54 pm to ImJustaBoy
BlackRock’s ETF bought 4100 coins into the dip today. The ETFs and Saylor both accelerated their buying tremendously right around the election and I honestly don’t know how much longer the market can handle that action before there is a violent price adjustment.
There’s not THAT much bitcoin. When you have two or three parties buying 30k-50k/week, you’re going to see something “break” before long. I’m more than a little suspicious when I see the huge dips and immediate recoveries like we’ve seen the last two weeks. These are manipulated events.
There’s not THAT much bitcoin. When you have two or three parties buying 30k-50k/week, you’re going to see something “break” before long. I’m more than a little suspicious when I see the huge dips and immediate recoveries like we’ve seen the last two weeks. These are manipulated events.
This post was edited on 12/9/24 at 8:01 pm
Posted on 12/9/24 at 7:58 pm to Caplewood
quote:
Anyone else get in on Luigi today? Been a nice little 5x-er so far
No but it makes sense given the shooters name is Luigi. What is address?
Posted on 12/9/24 at 8:14 pm to Robin Masters
5XyKkFaJpAmsH4Tf2EFj3S61W3hC5cJhxNZQQ5h1pump
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