I’m still not anywhere close to being able to read a chart, but surely this is a bear market now. A few weeks ago it was all, we have to hold at $35k. We’re now reading today that we had to hold at $31.5k. The value at which we have to hold keeps getting lower and lower. Again, I don’t know what I’m talking about, but to an untrained eye, it just looks like a gradual sink, lower and lower. Surely this a bear market?
@kentaddick bar that comment you put back on the last page about btc looking bullish, I’d say you’ve pretty much been very consistent in calling what would happen.
Be interesting to see how low we go now. I can’t imagine there’s any way back for bulls in the short term. Too many weeks of it just gradually creeping down and down. I don’t see any appetite for any change by the looks of things
one more puke into the middish 20ks and we'll come back into the low end of the range imo. I'm short right now.
I know DCAing is the *probably* the thing to do in the long run if you're planning on hod'lling. But part of me really does not want to this month as I just see it going lower and lower.
As you mention I've got my eyes on the low 20's. Should I just wait until then?
I still think we could get down to low 20's for BTC.
Yes. As a holder I’ve written off seeing a return for a few years now. First dabble in all this this year, so have learnt a lot, and will be taking more profit out next time round, whenever that may be
I’m encouraged for the long term. Institutions getting involved, more and more clients of banks asking about crypto as an asset class
I still think we could get down to low 20's for BTC.
Yes. As a holder I’ve written off seeing a return for a few years now. First dabble in all this this year, so have learnt a lot, and will be taking more profit out next time round, whenever that may be
I’m encouraged for the long term. Institutions getting involved, more and more clients of banks asking about crypto as an asset class
Taking a profit is one side of the coin, the other side is knowing when to take a loss.
Personal favourite line from the floor was "up then down, but not necessarily in that order"
You’re an FS man (as I understand it). I’m seeing more and more news releases talking about various institutions getting involved on behalf of their clients wanting crypto as an asset class (which is one of the reasons I am guessing the price is dropping at the moment). How much appetite are you hearing/seeing on the ground given your occupation
One thing I did read recently, it may well have been here actually, is that the float of bitcoins that trade is very small (5% of total) so if someone of sufficient means and motive wanted to keep it at certain price levels it wouldn't be too difficult
Replacing halcyon days with hopium days. Where’s that photo of all those green men hugging. Aptly representing, me, Rylo, Prince e Paul as we rejoice at a second day in the green
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As you mention I've got my eyes on the low 20's. Should I just wait until then?
I’m encouraged for the long term. Institutions getting involved, more and more clients of banks asking about crypto as an asset class
caught my bid perfectly.