Bitcoin rose above $31,400 a coin on Friday, its highest level since 2022, before paring back its gains.

[bignok]

On 6/25/2023 at 12:53 AM, jaywalker2 said:

Tech and crypto seem to move in tandem. Bubble in one mirrors a bubble in the other. Cathy Wood is still predicting that bitcoin will hit 1 million eventually.

It will by 2100. People in 1950 never thought a house would cost $1m.

[jaywalker2]

1 hour ago, bignok said:

It will by 2100. People in 1950 never thought a house would cost $1m.

I won't be around to see it

[ozimoron]

On 8/1/2023 at 7:35 PM, ozimoron said:

Wake me up when gold gets down to $1930.

 

And BTC at 28,000. It just dipped below 28,500 for a second touch so that might be it.

So far the plan is working out for gold. I bought at $1931. I actually bought more Barrick than gold.

 

I bought bitcoin at 29,400 a few weeks ago. It's just below 29,300 now and looks like it's coiling up. It will likely break out in the next month or two. Whichever way it goes it'll be wild. This amount of coiling up is rare.

[Neeranam]

13 hours ago, ozimoron said:

So far the plan is working out for gold. I bought at $1931. I actually bought more Barrick than gold.

 

I bought bitcoin at 29,400 a few weeks ago. It's just below 29,300 now and looks like it's coiling up. It will likely break out in the next month or two. Whichever way it goes it'll be wild. This amount of coiling up is rare.

I personally think it will go sideways for 3 months then start a huge increase to $120k +

[ozimoron]

8 minutes ago, Neeranam said:

I personally think it will go sideways for 3 months then start a huge increase to $120k +

It looks like it's breaking down to me. This is the 5th touch at 29,000 and it's right on the support level now. If the bulls are going to take control they need to do it here. It could range back up to 29,400 and then down to 29,000 again but I don't think it's going to do that. BTC has moving opposite to gold of late and following the NASDAQ. Both those point to a BTC drop. I reduced my stake to $500 and took a $60 hit doing so. I don't like trading crypto, fundamentals don't have much effect and the whales hunt stop losses more so than the stock market. BTC itself will never go away but it's too risky to bet the farm.

[Neeranam]

11 minutes ago, ozimoron said:

It looks like it's breaking down to me. This is the 5th touch at 29,000 and it's right on the support level now. If the bulls are going to take control they need to do it here. It could range back up to 29,400 and then down to 29,000 again but I don't think it's going to do that. BTC has moving opposite to gold of late and following the NASDAQ. Both those point to a BTC drop. I reduced my stake to $500 and took a $60 hit doing so. I don't like trading crypto, fundamentals don't have much effect and the whales hunt stop losses more so than the stock market. BTC itself will never go away but it's too risky to bet the farm.

BTC is doing what BTC does, don't worry, just HODL 

[Neeranam]

There is no one in loss if they have dollar cost averaged, no matter when they started! 

[ozimoron]

On 8/5/2023 at 12:29 PM, Neeranam said:

There is no one in loss if they have dollar cost averaged, no matter when they started! 

BTC is worth less than half its peak value right now. 

 

 

[Neeranam]

26 minutes ago, ozimoron said:

BTC is worth less than half its peak value right now. 

 

 

My point was if you had bough X amount of BTC every week, you'd be in profit, even if you started at it's peak. 

[BenStark]

On 8/5/2023 at 12:02 PM, Neeranam said:

I personally think it will go sideways for 3 months then start a huge increase to $120k +

[BenStark]

On 8/9/2023 at 6:33 PM, Neeranam said:

My point was if you had bough X amount of BTC every week, you'd be in profit, even if you started at it's peak. 

I want to see you back that up with some evidence

 

So people who started buying at 68K, would now be in a profit?

 

You can't be that delusional that you need to post such drivel.

 

[Neeranam]

9 minutes ago, BenStark said:

I want to see you back that up with some evidence

 

So people who started buying at 68K, would now be in a profit?

 

You can't be that delusional that you need to post such drivel.

 

https://www.bitcoindollarcostaverage.com/

 

 

[Neeranam]

18 minutes ago, BenStark said:

Just one question -  how long have you known about Bitcoin?

[ozimoron]

On 8/5/2023 at 12:02 PM, Neeranam said:

I personally think it will go sideways for 3 months then start a huge increase to $120k +

The sideways thing isn't working out too well. I'll take a look at 16,000.

 

We're in an asset collapse, USD is the only asset to hold right now.

[FritsSikkink]

On 8/5/2023 at 12:29 PM, Neeranam said:

There is no one in loss if they have dollar cost averaged, no matter when they started! 

Sure, this guy is doing great: Michael Saylor (MicroStrategy) Portfolio Tracker (saylortracker.com)

[FritsSikkink]

7 hours ago, Neeranam said:

Just one question -  how long have you known about Bitcoin?

Same question all the time, like that makes you an expert.

[BenStark]

7 hours ago, FritsSikkink said:

Sure, this guy is doing great: Michael Saylor (MicroStrategy) Portfolio Tracker (saylortracker.com)

Musk is another one who did great.

 

After several sales over the last 12 months, he has now sold the remaining of his bitcoin.

 

All his sales were below his average buying price of 30K

 

On the last lot alone he lost $373 Million. Which loser said there are no losers with crypto?

 

https://finance.yahoo.com/news/bitcoin-drops-two-month-low-075818552.html

[Neeranam]

On 8/18/2023 at 8:58 AM, BenStark said:

I want to see you back that up with some evidence

 

So people who started buying at 68K, would now be in a profit?

 

You can't be that delusional that you need to post such drivel.

 

I guess you didn't want to see the proof. 

It the time where you hide for 2 years and then you can say BTC has fallen from $217,000 to $79,000. 

 

[Neeranam]

On 8/18/2023 at 8:55 AM, BenStark said:

Did you buy?

[Nick Carter icp]

On 8/18/2023 at 9:13 AM, Neeranam said:

Just one question -  how long have you known about Bitcoin?

 

   A question for you, have you bought any  Rabbitcoin ?