Death crosses are lagging indicators. Meaningless.
Comment
Yulia74
SBR MVP
08-28-18
1907
#3818
Originally posted by eddycash
Death crosses are lagging indicators. Meaningless.
maybe, maybe not
2013 cycle top
dropped -73% before the death cross
after the death cross, dropped an extra -71%
2017 cycle top
dropped -70% before the death cross
after the death cross, dropped an extra -65%
2019 june top
dropped -53% before the death cross
after the death cross, dropped an extra -55%
Comment
DwightShrute
SBR Aristocracy
01-17-09
102547
#3819
Originally posted by ChuckyTheGoat
Sink, what is the word on the street re: BIG buyers? Either deep-pocket individuals or institutions.
Within BTC, the conversation has to start w/ the Max 21Mill coins. Then work backwards:
*# not yet mined
*# lost. Most people think this is larger than the avg guy would think.
*# in hands of whales who aren't selling
*# in cold-storage and not moving
Any realistic estimate means there just aren't that many left/available. I think there's a time in the near future where BTC price will just look like a straight-line trend, similar to a fixed interest rate.
maybe if its still around in the same way it is today. It may become increasingly difficult to cash-in BTC as countries around the world are clamping down while others are in the process of it.
The 21 million coins seemed to be possible to attain in a few years when it was worth a fraction of what its worth today, but may take decades to reach the 21 mill now.
BTC was supposed to be a way to buy anything quickly including a coffee at Starbucks. It was fast. I could send BTC to someone in seconds, 5 years ago. That obviously isn't the case anymore.
Comment
JoeCool20
SBR MVP
05-31-18
4440
#3820
Originally posted by MrSink
I think we got very interesting event right before us , the death cross. It is point in time when two averages cross and that formation in the past was a great bear signal .
I think institutions can play this thing out as self fulfilling prophecy . It is all about great timing and creating as much FUD in the right time as last time . All this nonsense as china banning crypto , banning mining , bitcoin not green , musk is offended etc if launched in a right time can bring bitcoin down to 30k again .
Honestly , I hope it would not happen . The other scenario is that unexpierienced investors are expecting correction . Smart money can play standard revearsal and we can see huge gains . This would be the most convienient scenario .
In case of big drop , I am loading big on 30's range
Curious about your thoughts
All you/anybody can hope is that people keep buying the dips like they have been doing up to this point.
If it goes the other way and people start panic selling, then it will be look out below.
Comment
pimike
BARRELED IN @ SBR!
03-23-08
37139
#3821
After reading some post in here you would think it’s dead.
Bye bye
Lol
Comment
MickeyMan
SBR Hall of Famer
10-20-09
5091
#3822
Originally posted by DwightShrute
maybe if its still around in the same way it is today. It may become increasingly difficult to cash-in BTC as countries around the world are clamping down while others are in the process of it.
The 21 million coins seemed to be possible to attain in a few years when it was worth a fraction of what its worth today, but may take decades to reach the 21 mill now.
BTC was supposed to be a way to buy anything quickly including a coffee at Starbucks. It was fast. I could send BTC to someone in seconds, 5 years ago. That obviously isn't the case anymore.
The price going up doesn’t mean it will take longer to mine all the Bitcoin. The last Bitcoin will be mined around 2140.
Comment
JIBBBY
SBR Aristocracy
12-10-09
83693
#3823
Crypto and stock market taking a bit of a hit again. They work hand in hand..
May be time to buy more Bitcoin soon if it keeps dropping.
Comment
Yulia74
SBR MVP
08-28-18
1907
#3824
relax ladies, dont panic
not yet
33,800
Comment
themike78
SBR MVP
07-01-13
4873
#3825
On Tuesday bitcoin will be worth $2.
Comment
louisvillekid
SBR Hall of Famer
08-14-07
9255
#3826
JFC! This crypto sh*t is BS!
I'm not buying anymore just for investing and holding. I'm done with it. I'll hold the small amounts I have in various coins, but I'm not increasing anymore.
Only btc I'll buy is for when I need to reload at books.
Comment
navyblue81
SBR MVP
11-29-13
4143
#3827
Originally posted by themike78
On Tuesday bitcoin will be worth $2.
The troll is back rooting for everyone to lose $$$ again. (And don’t say you’re not or else you wouldn’t be trolling with this bullshit all the time.)
Comment
trobin31
SBR Hall of Famer
01-09-14
9853
#3828
$BTC...fasten your seat belts...I’d save some dry powder
Attached Files
Comment
trobin31
SBR Hall of Famer
01-09-14
9853
#3829
$ETH...I plotted this chart 2 weeks ago, I thought ethereum would break out of it but then it dropped like it hit a force field...ethereum can nuke hard....you have no real support volume until $1200
Attached Files
Comment
JIBBBY
SBR Aristocracy
12-10-09
83693
#3830
Goes to 25,000 I'm buying again.
Comment
asiagambler
SBR Hall of Famer
07-23-17
6831
#3831
Am I allowed to post FUD in this thread ??
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Today marks the end of <a href="https://twitter.com/hashtag/btc?src=hash&ref_src=twsrc%5Etfw">#b tc</a> mining in China. <a href="https://t.co/HiTWRooLP3">pic.twitter.com/HiTWRooLP3</a></p>— Red Li (@redtheminer) <a href="https://twitter.com/redtheminer/status/1406270374015164420?ref_src=twsrc%5Etfw" >June 19, 2021</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Comment
pimike
BARRELED IN @ SBR!
03-23-08
37139
#3832
Originally posted by JIBBBY
Goes to 25,000 I'm buying again.
Give it up Jibby.
It will go under 20 g
Just sit tight till it goes there.
Comment
eddycash
SBR MVP
11-06-13
4521
#3833
.Don't listen to these bears, we will hold in this range and continue up.
Comment
navyblue81
SBR MVP
11-29-13
4143
#3834
Nice bounce back for ADA. Woke up this morning it was 1.30. Up to 1.43 now.
Comment
JIBBBY
SBR Aristocracy
12-10-09
83693
#3835
Originally posted by pimike
Give it up Jibby.
It will go under 20 g
Just sit tight till it goes there.
I don't think it will drop below 30,000. I expect a bitcoin rebound next week actually as long as more bad financial news and or panic inflation news doesn't come out.
It's starting to rebound today as it's now back up to 35,000 and climbing.
Comment
ChuckyTheGoat
BARRELED IN @ SBR!
04-04-11
36949
#3836
Originally posted by navyblue81
Nice bounce back for ADA. Woke up this morning it was 1.30. Up to 1.43 now.
How soon til u deploy, Navy?
Where's the fuckin power box, Carol?
Comment
navyblue81
SBR MVP
11-29-13
4143
#3837
Originally posted by ChuckyTheGoat
How soon til u deploy, Navy?
Two weeks. July 2.
Comment
ChuckyTheGoat
BARRELED IN @ SBR!
04-04-11
36949
#3838
Originally posted by navyblue81
Two weeks. July 2.
Good Luck, pal. Thanks for your service.
Where's the fuckin power box, Carol?
Comment
navyblue81
SBR MVP
11-29-13
4143
#3839
Originally posted by ChuckyTheGoat
Good Luck, pal. Thanks for your service.
Thanks. Hoping my ADA investment looks nice when I return. Won’t be checking it for over a year.
Comment
pimike
BARRELED IN @ SBR!
03-23-08
37139
#3840
Originally posted by JIBBBY
I don't think it will drop below 30,000. I expect a bitcoin rebound next week actually as long as more bad financial news and or panic inflation news doesn't come out.
It's starting to rebound today as it's now back up to 35,000 and climbing.
Yes maybe.
I’m convinced the whales are trying to get people out and able to buy cheaper.
Comment
navyblue81
SBR MVP
11-29-13
4143
#3841
Originally posted by pimike
Yes maybe.
I’m convinced the whales are trying to get people out and able to buy cheaper.
I don’t think the Bitcoin drop is about Bitcoin. It’s just about everything in general. Inflation killing the economy. I’m scared to buy anything right now.
Comment
pimike
BARRELED IN @ SBR!
03-23-08
37139
#3842
Originally posted by navyblue81
I don’t think the Bitcoin drop is about Bitcoin. It’s just about everything in general. Inflation killing the economy. I’m scared to buy anything right now.
Inflation was supposed to be the reason for Bitcoin
Comment
bigtymer56
SBR MVP
07-31-12
4742
#3843
Originally posted by asiagambler
Am I allowed to post FUD in this thread ??
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Today marks the end of <a rel="nofollow" href="https://twitter.com/hashtag/btc?src=hash&ref_src=twsrc%5Etfw">#b tc</a> mining in China. <a rel="nofollow" href="https://t.co/HiTWRooLP3">pic.twitter.com/HiTWRooLP3</a></p>— Red Li (@redtheminer) <a rel="nofollow" href="https://twitter.com/redtheminer/status/1406270374015164420?ref_src=twsrc%5Etfw" >June 19, 2021</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Sure...as long its related to BTC. Will this China mining ban even have an affect the price?
Comment
JIBBBY
SBR Aristocracy
12-10-09
83693
#3844
Originally posted by pimike
Inflation was supposed to be the reason for Bitcoin
I thought so as well. Apparently not.
As the stock market moves up or down so does Bitcoin for some reason. Bitcoin Panic sellers gonna panic I guess when everything is tanking in other markets.
Comment
pimike
BARRELED IN @ SBR!
03-23-08
37139
#3845
Originally posted by JIBBBY
I thought so as well. Apparently not.
As the stock market moves up or down so does Bitcoin for some reason. Bitcoin Panic sellers gonna panic I guess when everything is tanking in other markets.
Yep
If this becomes the Case, there is no reason to stay with Bitcoin.
Let’s see now.
Comment
floki
SBR MVP
02-07-19
1139
#3846
be extra careful this week
Comment
asiagambler
SBR Hall of Famer
07-23-17
6831
#3847
Originally posted by bigtymer56
Sure...as long its related to BTC. Will this China mining ban even have an affect the price?
Well it seems it already did when news broke right ?
This didn't just become known today
Long term, it's probably good for the ecosystem with hashpower more distributed across the world but for now, it's still a lot of hashpower that's vanished overnight