Cryptocurrency mega-thread

[Bostonian]

It shouldn’t, but it does and he knows it. His rep has been getting destroyed the last couple of weeks, needed to try make himself relevant again. The Bitcoin conference has also plastered billboards up mocking him too.

Well it literally doesn't matter unless you're some super sensitive paper handed dork.

Hopefully all the people who get so emotional over his tweets get shaken out of crypto.

They really aren't cut out for it.

 

[Evolved1]

We probably would have had a small dump without the Elon tweet. He tweets at resistance.

 

[BACCS]

We probably would have had a small dump without the Elon tweet. He tweets at resistance.

Exactly, a lot of analysts were predicting some volatility at the end of this week as we reach new resistance levels, I originally thought the dip was due to that. BTC dropped like 1000 bucks in an hour due to the tweet, so basically **** all. He isn't having as much impact as some think.

 

[maryjames]

See if we break down or up.

The battle continues

 

[BACCS]

See if we break down or up.

The battle continues

The hit from that Tweet lasted less than an hour, all coins have stabilised and are now slowly recovering. Even then, none really lost more than 5-10% from the daily close at 930am this morning.

 

[maryjames]

The hit from that Tweet lasted less than an hour, all coins have stabilised and are now slowly recovering. Even then, none really lost more than 5-10% from the daily close at 930am this morning.

Naah we just getting closer to the death cross. Lol

I want that to happen next financial year. In history when death cross happens the market goes up. Then slowly drops off..

 

[BACCS]

Probably just bought more at the dip again or did it for his own shits and giggles

 

[The Dice Man]

Yesterday was fun, today not so much so far.

 

[Evolved1]

Not good that we lost 37.5k

 

[Bostonian]

I'm cheering for the dip.

 

[BACCS]

Not good that we lost 37.5k

That's a very worrying sign, only held above for about 1.5 days

 

[BACCS]

Yesterday was fun, today not so much so far.

You get used to it haha

 

[BACCS]

It will be interesting to see what happens when everyone at the conference in Miami wakes up in the next 6-8 hours. Could either be a buying frenzy or a major selling point, I don't see sideways action.

 

[The Dice Man]

You get used to it haha

Kind of am already. I'm looking more longterm while researching if I have my ducks in the right row.

 

[BACCS]

Kind of am already. I'm looking more longterm while researching if I have my ducks in the right row.

Looking long term is the only way to make money unless you're a professional day trader or just get lucky and buy while it is going up in a bull cycle. The day to day and hour to hour volatility is just way too high.

 

[Evolved1]

Cumrocket mooning because of Elon.

 

[BACCS]

Cumrocket mooning because of Elon.

Absolutely insane world we live in haha. For reference, he Tweeted just 3 words to spark this:
Canada
USA
Mexico

 

[maryjames]

Man these billionaires are smashing it. The Money they get out of crypto be insane.

Shocks me that the markets reacts to this guy.

 

[BACCS]

Man these billionaires are smashing it. The Money they get out of crypto be insane.

Shocks me that the markets reacts to this guy.

It barely reacted, a correction at the end of this week was predicted by quite a few. Giving way too much credit to Elon. Getting above that 40k resistance point was always going to be volatile.

 

[BACCS]

 

[maryjames]

It barely reacted, a correction at the end of this week was predicted by quite a few. Giving way too much credit to Elon. Getting above that 40k resistance point was always going to be volatile.

Still reacted. 9% off my portfolio. Just by a little tweet or two.

Bitcoin still holding support at this stage.

 

[BACCS]

Still reacted. 9% off my portfolio. Just by a little tweet or two.

Bitcoin still holding support at this stage.

It has nothing to do with that Tweet, that analyst above predicted this yesterday. I was expecting volatility this weekend too, especially as BTC tries to pass another resistance level at 40k (look how hard it was to get above 37.5k again). It wouldn't surprise me if BTC closes on the daily around 37.5k again and launches tomorrow.

 

[maryjames]

It has nothing to do with that Tweet, that analyst above predicted this yesterday. I was expecting volatility this weekend too, especially as BTC tries to pass another resistance level at 40k (look how hard it was to get above 37.5k again). It wouldn't surprise me if BTC closes on the daily around 37.5k again and launches tomorrow.

Lol I watched the tweet live and saw it crash straight away. Elon tweet moved the market downwards as it did upwards few months back when he said he using bitcoin as a payment for his shit cars.

 

[Ghost Patrol]

Lol I watched the tweet live and saw it crash straight away. Elon tweet moved the market downwards as it did upwards few months back when he said he using bitcoin as a payment for his sh*t cars.

Dunno man, it was already going down when he tweeted, dropped about 2% in the 15 minutes after his tweet.

Not enough people buying, regardless of tweet. If people were buying, volume would probably raise above 3% and price would bounce back.

There's a lot more going on than that mundane tweet, regardless of how well timed it was.

Easy target to blame though.

 

[maryjames]

What he said.