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Cryptocurrency mega-thread
- Thread starter DapperJong
- Start date
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That’s why you have holds
421 million VRA tokens are in a binance wallet. Potential Binance listing incoming?
BTC dominance up over 46% and price nudged 58k, very healthy
We haven't really seriously tested any support level since September.
It's retested the 53k support level a couple of times already, that is the key support for the range price is in now.
Shupe
Brownlow Medallist
- Jun 21, 2011
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I did lol at your request for technicals and then point to FOMO as being the reason there won't be any more corrections.
I somewhat agree, impulsivity (FOMO) is likely to lead to ATH's and a potential blow off top, however it works in reverse as well. Panic selling leads to these deep corrections which we've seen.
True, but hasn't really had any sudden drops. I missed that 53k plus support because it was more or less ranging instead of testing.
There is nothing that says it needs to have a flash crash, that happens when leverage in the market is too high. That doesn’t appear to be an issue right now.
- Jun 14, 2013
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Yeah, an ETF approval could push BTC vertical. If that happens, it will be a 'sell the news' event, with alts mooning for 2-3 weeks afterwards before dumping hard.
- Jun 14, 2013
- 13,076
- 15,680
- AFL Club
- Essendon
Sauce?
Damn and this month started so promising for the Alts.
Turned into Rektober now....
Turned into Rektober now....
- Jun 14, 2013
- 13,076
- 15,680
- AFL Club
- Essendon
The king needs to make a move up before your shitcoins pump. Whether retail will buy BTC above 60k is the pertinent question.
It appears a lot of coins are breaking out of descending patterns, with BTC.D testing a support level (I think).
Lookout ADA, DOT is coming for your spot.
It feels pretty damn satisfying to have stuck with DOT, even after it dipped right down to 10 bucks. I loaded up more at 20 as well. It has one of the more interesting fundamentals in the crypto space.
I think it runs up close to 100 until the parchain launch, at which point like with Cardano, it’s a sell the news event I reckon. Still think further upside is possible, but it will get a pullback before then with better entries for the last run.
Much DOT may be locked up for 2 years for the parachain auctions which could make the price point interesting if there is a bear market next year. Can't sell them if they're loaned out.
Are you considering getting back into the market?
Shupe
Brownlow Medallist
- Jun 21, 2011
- 13,335
- 10,396
- AFL Club
- West Coast
- Other Teams
- Indianapolis Colts
Can't sell if you're locking them for two years. That's my plan.
I very intelligently bought DOT when it was very high in May, so i have finally got back to even with it.
Now i know what will happen, i'll get excited and leave it and watch it burn, instead of selling it and saving the cash for when it dips again
Now i know what will happen, i'll get excited and leave it and watch it burn, instead of selling it and saving the cash for when it dips again
I did as well, it was my worst performing coin up until the last month. I bought a bit more when it was at 20 bucks, so that helped to bring down the average buy price a bit.
