BITCOIN

HansOndabush

Scottex99 said:

HansOndabush said:

Scottex99 said:

HansOndabush said:

Scottex99 said:

HansOndabush said:

Malthusian said:

HansOndabush said:

New Bitcoin Pizza company won't accept bitcoin as payment; ha ha what a joke this thing is:

https://www.businessinsider.in/cryptocurrency/news/crypto-investor-anthony-pompliano-launches-a-bitcoin-themed-pizza-service-in-the-us-that-wont-accept-the-digital-asset-as-payment/articleshow/82766763.cms

Of course he doesn't. Nobody who owns Bitcoin would be daft enough to pay for pizza in Bitcoin.

Why would anyone give away their Bitcoin for a pizza instead of hodling it while it goes to the moon? 

Why would anyone start a 'Bitcoin pizza company' that won't accept Bitcoin for payment? Like saying he'd rather take dollars. Hardly an endorsement for Bitcoin. Just the sort of nonsense that is typical of the crypto crowd.
As for going to the moon, I think a further drop to $20k is likely.

You dont hold any crypto right? And think it's "likely" that it's going to 20k? Why? Because it went down a lot yesterday?

The chart pattern suggests it is going to 20K.

"The chart pattern" Which one is that?

Candlestick chart for Bitcoin showing clear head and shoulders pattern. The neck line was broken after the second shoulder and the initial drop from there was to 30K resistance. After that breaks, nothing to support the price until 20K. Don't you use charts at work?

 Cup and Handles, inverted Bart Simpson.

Actually no , I do very little TA personally and for the firm I trade Spot OTC. 

I'm sure there are plenty of people who have plotted there way to a fortune but I'm too lazy and I kind of think it's 50% nonsense anyway. I do have a few candlestick books that I've been meaning to read but dont get round to it

Seriously you should. The charts tell you where the price action has been and often where you can expect it to be again. If you had done some technical analysis on Bitcoin you would have saved yourself $$$$'s

Meanwhile a CNBC clip I'm sure you'll enjoy:

https://www.youtube.com/watch?v=igOmWeHMunw

ZeroSum

darren232002 said:

Really? Every time I try to make a transaction with my UK bank I get told to verify the transaction via phonecall (even though I'm doing it on my internet banking which has already required 3 identifying pieces of information and 2FA to get in). Regulation has made them liable for transferring funds to incorrect accounts which has led to these inefficiencies. I pay £25/mo to receive my salary in to my bank account. This isnt progress or innovation.

Maybe you should try a different bank as I dont have any of those problems.

Michael121

Melanie⚔️ (@melaniemadri) / Twitter
Look at this for charting then 

Scottex99

Seriously you should. The charts tell you where the price action has been and often where you can expect it to be again. If you had done some technical analysis on Bitcoin you would have saved yourself $$$$'s

Lol yeah coz its that simple.

Had 6 figs wiped off my portfolio in the last week or so. Happens. I'm not even trying to time the market because I'm THAT bullish long term

User232002

thegentleway said:

They do a good job against inflation but yes they are not a get rich quick scheme.

Gold 0% for a decade. Inflation also 0%? By 'good job' I assume you mean 'can't keep up'

thegentleway said:

Nice switch and bait.

"I have no counter argument and don't understand how you can generate a return from a digital asset, so I'll pretend its irrelevant"

thegentleway said:

See you then mate. It would be cool if it hits 6 digits. Plenty of my friends have bet more than they can afford to lose on it.

Attempts to set himself up for a win-win no matter what happens to the price of BTC.

HansOndabush

Scottex99 said:

Seriously you should. The charts tell you where the price action has been and often where you can expect it to be again. If you had done some technical analysis on Bitcoin you would have saved yourself $$$$'s

Lol yeah coz its that simple.

Had 6 figs wiped off my portfolio in the last week or so. Happens. I'm not even trying to time the market because I'm THAT bullish long term

There was a classic pattern on bitcoin there for all to see. A week ago you could have got out when the neckline of that pattern broke. Too late now but don't ignore the technical signals next time. It's better to see what the market is telling you rather than follow a cult mantra.

Scottex99

HansOndabush said:

Scottex99 said:

Seriously you should. The charts tell you where the price action has been and often where you can expect it to be again. If you had done some technical analysis on Bitcoin you would have saved yourself $$$$'s

Lol yeah coz its that simple.

Had 6 figs wiped off my portfolio in the last week or so. Happens. I'm not even trying to time the market because I'm THAT bullish long term

There was a classic pattern on bitcoin there for all to see. A week ago you could have got out when the neckline of that pattern broke. Too late now but don't ignore the technical signals next time. It's better to see what the market is telling you rather than follow a cult mantra.

Wait, hold up.

You study the charts and are telling me where the price was obviously going yet you don’t even understand how it works, whether it’s money or not etc?

So you do actually hold BTC then? And if you don’t, what you looking at the charts for?! 🤣

Scottex99

Or much more likely you’re just regurgitating some crap that you read on a forum?

Oh and assuming you shorted down to 30k then and made an absolute killing?

You defo dont know what stablecoins are so you didnt Tether up or move into DAI, so you must have been shorting   

HansOndabush

I already explained I dont trade or invest in crypto; to me it's a bubble. That doesn't mean it doesn't interest me as the latest mania like .com, tulips, and the South sea bubble. It takes less than 5 mins to look at the Bitcoin chart and see the change in sentiment. We may continue to bounce here for a short while but the next big move is likely down to $20K and no I am not shorting it. Crypto is a market I am staying clear of.

FYI I am bullish on gold, silver and related mining stocks plus non-US income yielding stocks. I also dip in and out of the bond market.

Atlas234

HansOndabush said:

I already explained I dont trade or invest in crypto; to me it's a bubble. That doesn't mean it doesn't interest me as the latest mania like .com, tulips, and the South sea bubble. It takes less than 5 mins to look at the Bitcoin chart and see the change in sentiment. We may continue to bounce here for a short while but the next big move is likely down to $20K and no I am not shorting it. Crypto is a market I am staying clear of.

FYI I am bullish on gold, silver and related mining stocks plus non-US income yielding stocks. I also dip in and out of the bond market.

Alot of analysts are predicting a big move up from here, comparing it to the last bull run