Bitcoin Price Tracking & Discussion -- 2020

**hotcross** · 11-15-20, 11:13 PM

Bsims you are right

I found some info that Paxos is the acting custodian for the PayPal crypto offering.

The inter-workings of that... I'm not reading a bunch of legalese.....??

**BigJay** · 11-16-20, 12:09 PM

$16,655

**ace7550** · 11-16-20, 12:52 PM

Originally posted by BigJay

$16,655

Thought there was gonna be a pull back but not yet. Feels like just yesterday that we were at 11k.

**ChuckyTheGoat** · 11-16-20, 01:53 PM

Originally posted by ace7550

Thought there was gonna be a pull back but not yet. Feels like just yesterday that we were at 11k.

What level is the next pull-back? And what % will it be?

Would think it's soon. A 10% correction would be no surprise.

Check out the daily volatility over L90 days. I believe it's been much less than the past. IE, smoother curve and less jagged.

**JAKEPEAVY21** · 11-16-20, 02:09 PM

Originally posted by ace7550

Thought there was gonna be a pull back but not yet. Feels like just yesterday that we were at 11k.

**Weems2k** · 11-16-20, 02:09 PM

If it hits that big 20k mark, would it be better to sell, or hold out on it breaking higher?

**ace7550** · 11-16-20, 03:37 PM

Originally posted by ChuckyTheGoat

What level is the next pull-back? And what % will it be?

Would think it's soon. A 10% correction would be no surprise.

Check out the daily volatility over L90 days. I believe it's been much less than the past. IE, smoother curve and less jagged.

I also think it'll be soon but I don't think it'll be big. 10% sounds about right. I'm guessing we wont see sub 15k again this year.

**ace7550** · 11-16-20, 03:40 PM

Originally posted by Weems2k

If it hits that big 20k mark, would it be better to sell, or hold out on it breaking higher?

Depends on what your ultimate goal is. Once it hits 19.5k I plan to put in a stop limit in for 19k and sell half of my holdings.
I got greedy in 2017 and never took profit. I'm not making the same mistake this time.

**Ghenghis Kahn** · 11-16-20, 04:45 PM

I'm still waiting for it to correct back to $13,000 so I can buy more but it keeps going up. WTF?

It's eventually gonna drop 20-30% soon. https://alternative.me/crypto/fear-and-greed-index/

**stevex** · 11-16-20, 04:48 PM

Originally posted by Ghenghis Kahn

I'm still waiting for it to correct back to $13,000 so I can buy more but it keeps going up. WTF?

It's eventually gonna drop 20-30% soon. https://alternative.me/crypto/fear-and-greed-index/

Could you translate what the content in that link is saying?

**Ghenghis Kahn** · 11-16-20, 05:02 PM

You know that saying by Buffett? Be fearful when people are greedy, be greedy when people are fearful?

Well the greed level right now is extremely high. Bitcoin will not go up forever. The price will eventually comedown then go back up.

**ace7550** · 11-16-20, 05:50 PM

Originally posted by Ghenghis Kahn

You know that saying by Buffett? Be fearful when people are greedy, be greedy when people are fearful?

Well the greed level right now is extremely high. Bitcoin will not go up forever. The price will eventually comedown then go back up.

It's just so tough to know. In 2017 I thought people were being greedy at 10k, and then it went to 20.

**Ghenghis Kahn** · 11-16-20, 06:16 PM

Yeah no one knows with bitcoin, the whales control the price but I don't believe in HODLing. I believe you gotta sell and reenter.

That's how you increase your cryptos. But at the same time, you can also lose your ass doing this. I'm glad I took small profits with defi tokens. If I held on to them, I would've lost a lot.

**Arky** · 11-16-20, 09:42 PM

IIRC, there were a few 30% drops along the way to the run up in Dec 2017. We haven't seen much of that quite yet but don't be surprised if it happens.

Obviously, there's a lot of buying going on. The present levels - you would have to have bought in Dec 2017 to not be in the green right now. Everyone should be in the green. Retracements are necessary, healthy and are going to happen....

**pablo222** · 11-17-20, 06:41 AM

$16,984.23

**ChuckyTheGoat** · 11-17-20, 07:56 AM

Originally posted by pablo222

$16,984.23

$17,058

**Sam Odom** · 11-17-20, 08:54 AM

Not as much M$M hubbub this time nearing $20K

That could be a good thing

**BigJay** · 11-17-20, 10:01 AM

$17,214

**ace7550** · 11-17-20, 11:44 AM

$17,350. We were at just over $10,000 only 2 months ago. This is quite a bull run.

**pablo222** · 11-17-20, 11:54 AM

$17,550

**Sam Odom** · 11-17-20, 11:58 AM

just sold a little

BTC holding down to 40% of what it was just a short time ago

**ChuckyTheGoat** · 11-17-20, 11:59 AM

Originally posted by pablo222

$17,550

Holy parabolic! Do we hit $18k TODAY???

**Optional** · 11-17-20, 12:20 PM

Bits and pieces

The amount of Bitcoin held on exchanges dropped by 145,000 BTCin the past month.

Grayscale's assets under management are nearing $13.4billion and it now holds half a million BTC.

SkyBridge Capital, the $4.9 billion investment firm founded by former WhiteHouse Communications Director Anthony Scaramucci, has announced it is set to invest in digital assets.

Game of Thrones star Masie Williams has been polling her 2.7 millionTwitter followers about if she should go long on Bitcoin.

Paypal this week extended its crypto purchasing service to all of its US customers.

DeFi usernumbers are up 55% in the past six weeks.

Ripple bought back $63 million worth of XRP in the third quarter to help support the price.

CNBC's Fast Money has predicted the BTC rally will continue for another five months.

**pablo222** · 11-17-20, 12:49 PM

Originally posted by ChuckyTheGoat

Holy parabolic! Do we hit $18k TODAY???

$17,866

**ace7550** · 11-17-20, 03:25 PM

Interesting that the crypto market cap is about to hit 500 billion and the BTC price is almost $18,000.
The last time the crypto market cap was at 500 billion was Feb 20th, 2018 and the BTC price was around $11,000.
BTC has a much higher market share than last time around.

**BeatTheJerk** · 11-17-20, 03:28 PM

This shit is unreal all over again just like 2017 same time of year, but this time I’m more heavily invested !!!

**MrSink** · 11-17-20, 03:28 PM

nice rush

**eddycash** · 11-17-20, 03:33 PM

Selling is for the weak. You should be only buying dips and not selling until at least $100,000. Even at $100k selling is for the weak. BTC will hit $200,000 in the next 400 days

**ChuckyTheGoat** · 11-17-20, 03:43 PM

Originally posted by BeatTheJerk

This shit is unreal all over again just like 2017 same time of year, but this time I’m more heavily invested !!!

Jerky! Meet me over at Pizza Hut. It's on me, my treat.

**themike78** · 11-17-20, 04:06 PM

Originally posted by eddycash

Selling is for the weak. You should be only buying dips and not selling until at least $100,000. Even at $100k selling is for the weak. BTC will hit $200,000 in the next 400 days

lol. calm down.

**Darkside Magick** · 11-17-20, 04:16 PM

You only selll some f you need some cash to invest into another financial instrument

**ace7550** · 11-17-20, 04:25 PM

Originally posted by ChuckyTheGoat

Jerky! Meet me over at Pizza Hut. It's on me, my treat.

Do they take bitcoin?

**rm18** · 11-17-20, 04:26 PM

damn i cashed out a ton to bet on a -900 favorite

**ace7550** · 11-17-20, 04:29 PM

Originally posted by eddycash

Selling is for the weak. You should be only buying dips and not selling until at least $100,000. Even at $100k selling is for the weak. BTC will hit $200,000 in the next 400 days

I remember back in 2011 when $10,000 bitcoin was laughed at and only the most bullish guys had the balls to say it.
If it does get to 100k it'll be a bumpy ride.

**BeatTheJerk** · 11-17-20, 04:31 PM

Originally posted by ChuckyTheGoat

Jerky! Meet me over at Pizza Hut. It's on me, my treat.