Cryptocurrency mega-thread

[maryjames]

Geez we close. Looks good for mine

 

[maryjames]

That’s why you have holds

 

[The Dice Man]

421 million VRA tokens are in a binance wallet. Potential Binance listing incoming?

 

[BACCS]

BTC dominance up over 46% and price nudged 58k, very healthy

 

[The Dice Man]

BTC dominance up over 46% and price nudged 58k, very healthy

We haven't really seriously tested any support level since September.

 

[BACCS]

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]

What technicals are pointing towards that? The FOMO as BTC gets close to a new ATH will ensure it doesn’t go through any further corrections.

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.

 

[The Dice Man]

It's retested the 53k support level a couple of times already, that is the key support for the range price is in now.

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.

 

[BACCS]

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.

 

[Evolved1]

I just feel that if it gets to 90k, there will be a lot of momentum to push over 100k. If an ETF is approved soon that could propel price even further and for longer. It appears that the BTC futures ETF could come before end of year.

I do have prices in mind where I will start taking profits weekly.

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.

 

[Evolved1]

421 million VRA tokens are in a binance wallet. Potential Binance listing incoming?

Sauce?

 

[Pancakes]

Damn and this month started so promising for the Alts.
Turned into Rektober now....

 

[Evolved1]

Damn and this month started so promising for the Alts.
Turned into Rektober now....

The king needs to make a move up before your shitcoins pump. Whether retail will buy BTC above 60k is the pertinent question.

 

[The Dice Man]

Sauce?

I've tried to verify it myself but can't find that it is actually a Binance wallet.

 

[The Dice Man]

It appears a lot of coins are breaking out of descending patterns, with BTC.D testing a support level (I think).

 

[The Dice Man]

Lookout ADA, DOT is coming for your spot.

 

[ash_1050]

BTC back to where it was when I cashed out in March. Will be interesting to see how it plays out from here.

 

[Bostonian]

DOT pumping.

Here come the

 

[BACCS]

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.

 

[BACCS]

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.

 

[The Dice Man]

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.

 

[The Dice Man]

BTC back to where it was when I cashed out in March. Will be interesting to see how it plays out from here.

Are you considering getting back into the market?

 

[Shupe]

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.

Can't sell if you're locking them for two years. That's my plan.

 

[Pancakes]

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

 

[BACCS]

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

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.