What's the deal with bitcoin now?

[Farang123]

Good time to buy or will it become worthless in the not too distant future?

[Mac Mickmanus]

That is a question that no one can answer .

No one knows what will happen to Bitcoin in the future

[Farang123]

3 minutes ago, Mac Mickmanus said:

That is a question that no one can answer .

No one knows what will happen to Bitcoin in the future

Think of it as more of a public opinion poll

[Sparktrader]

Chart looks ok

 

Value in 2 years? Who knows.

 

I suggest Barchart.com

 

Build a template. Trade according to rules. 3 or 4 rules.

 

Possible ideas

 

Macd

True strength index

Ma crossover

Ma envelopes

Bollinger bands

[Hummin]

50 minutes ago, Farang123 said:

Think of it as more of a public opinion poll

How many here do you believe hold bitcoins?

[Sparktrader]

[Sparktrader]

July 7 my template said buy.

[JeffersLos]

Thanks for the reminder. 

 

I just plugged in a very old desktop and have 500 that I was given in 2013.

 

The value looks okay. 

[Lacessit]

28 minutes ago, JeffersLos said:

Thanks for the reminder. 

 

I just plugged in a very old desktop and have 500 that I was given in 2013.

 

The value looks okay. 

I suppose your post does make a change from the guys who claim they are so hot the bar girls support them.

[Farang123]

I've been following the predictions closely. It's an interesting study to see how wrong they have been. I remember the CEO of Kraken saying it will be worth "a Lamborghini by the end of 2021, and a Bugatti by the end of 2022"????

[OneMoreFarang]

3 hours ago, Farang123 said:

Think of it as more of a public opinion poll

My not so public opinion is that it will go down.

My reasoning is that there are often news that some crypto company went bankrupt or they were hacked or something like that. With news like that possible new investors have a huge barrier to go into crypto.

Some time ago there was also news that some people made big money in crypto, and people took risks to win, even if they knew there are no small risk to go down.

But now it seems to me, someone who never invested in crypto, bad and bad. Bankrupt companies and no news that people make big money. So why should anybody invest under such condition?

And, as far as I see, without many new investors crypto is dead.

Just my two cents. 

[talahtnut]

In 8 years bitcoin won't be worth a carrot.

[OneMoreFarang]

44 minutes ago, Farang123 said:

I've been following the predictions closely. It's an interesting study to see how wrong they have been.

Not long ago I read an article about successful influencers who are now hired by crypto companies to spread/invent good news. They had fancy titles like chief analysts or something like that. But the job description was to tell everybody all is perfect and will get better.

With people like that it's not surprising that the "expert predictions" often fail.

[stoner]

moooooooon

[Sparktrader]

20 minutes ago, OneMoreFarang said:

Not long ago I read an article about successful influencers who are now hired by crypto companies to spread/invent good news. They had fancy titles like chief analysts or something like that. But the job description was to tell everybody all is perfect and will get better.

With people like that it's not surprising that the "expert predictions" often fail.

Follow the chart

Ignore the noise

[jastheace]

i see crypto doing the same as Marconi shares. Some friends worked for a GEC company which split, one fragment being Marconi. Friends were in a monthly share buy scheme. the shares went £2....£4....£6.....£8....£10....£12....

they were of course very happy at that time, and would often like to boast how much their shares were worth.... it did seem as if 'the moon' was within reach....

a few weeks after they peaked at £12.40, the subject was taboo....

the deal with crypto IMO is like a Pattaya beer bar... only invest as much as you can afford to lose.

btw, anyone out there would like to buy my Dogecoin for the same price as I paid, please DM me.....

[Sparktrader]

6 minutes ago, jastheace said:

i see crypto doing the same as Marconi shares. Some friends worked for a GEC company which split, one fragment being Marconi. Friends were in a monthly share buy scheme. the shares went £2....£4....£6.....£8....£10....£12....

they were of course very happy at that time, and would often like to boast how much their shares were worth.... it did seem as if 'the moon' was within reach....

a few weeks after they peaked at £12.40, the subject was taboo....

the deal with crypto IMO is like a Pattaya beer bar... only invest as much as you can afford to lose.

btw, anyone out there would like to buy my Dogecoin for the same price as I paid, please DM me.....

What u pay?

[Heng]

Still generally positive.  But like all things, it'll pass eventually.   Just make sure you cash in for the tangible things (and maybe not shiny cars unless you have everything else already) you want along the way.   Think Mark Cuban and all that Yahoo stock (that would eventually be worth much less) that he got for his virtually worthless broadcast.com concept.   

[jastheace]

1 minute ago, Sparktrader said:

What u pay?

i'm too embarrassed to say in public....

[OneMoreFarang]

35 minutes ago, Sparktrader said:

Follow the chart

Ignore the noise

The noise and the charts depend on each other - if you want it or not.

And as an investor it is definitely a good idea to listen to the noise. 

[peterfranks]

15 minutes ago, jastheace said:

btw, anyone out there would like to buy my Dogecoin for the same price as I paid, please DM me.....

Hi there, my name is Elon Musk ................................

[Sparktrader]

1 minute ago, OneMoreFarang said:

The noise and the charts depend on each other - if you want it or not.

And as an investor it is definitely a good idea to listen to the noise. 

Noise is fake. Price is real. Always follow the trend.

 

 

[peterfranks]

2 minutes ago, Sparktrader said:

Noise is fake. Price is real. Always follow the trend.

 

 

Charts tell you the past, for the future they are as reliable as a crystal ball

[Sparktrader]

7 minutes ago, peterfranks said:

Charts tell you the past, for the future they are as reliable as a crystal ball

Wrong. They are great for future predictions in the short term.

 

Charts are the only useful tool for 1 day to 2 week trading.

 

 

[Captain Monday]

Technical analysis is nonsense.

[OneMoreFarang]

6 hours ago, Sparktrader said:

Wrong. They are great for future predictions in the short term.

 

Charts are the only useful tool for 1 day to 2 week trading.

And what happens if you missed the tweet of that Tesla guy?

Then you look at the chart and see what you should have done.

[1FinickyOne]

Put one in my hand and let me examine it... then I will make a judgement as to how much I can buy with it at 7/11 or any local restaurant or store... 

[1FinickyOne]

7 hours ago, Sparktrader said:

Wrong. They are great for future predictions in the short term.

 

Charts are the only useful tool for 1 day to 2 week trading.

 

 

And how is that working out for you? 

[KannikaP]

8 hours ago, talahtnut said:

In 8 years bitcoin won't be worth a carrot.

Invest in Carrots then.

[DezLez]

15 minutes ago, KannikaP said:

Invest in Carrots then.

As in gold?