BTC broke down yesterday, continued today, and probably well timed as it needed a breather, though it may be a coincidence that miners also sold 28,000 ($1bn), which they do occasionally, must eat.
But this spooked the weak hands, triggering massive inflow of btc minutes into the dip, which was no doubt bought up by the smart money.
Right now 35k and a tussle between the bulls and bears, with the bears looking strong.
Prediction time: not clear if we're in a confirmed bear market or still parabolic with the trend moving sideways for the next surge, but either way, blame covid or politicians or the Russians, but last year's market crash was just a sample of what's coming probably this year or at best/worst next, and that's when the linear chart's current peak that eclipsed the 2017 peak will look like the 2017 peak.
Weird title, this thread.
c'mon eddie.....get a video dedicated to you!
Sure, we're in an established uptrend and this recent blip doesn't change much, it's normal, bears vs bulls, the bears finally made an appearance, and the point we broke down from was 40.5k which is no big deal as that's touching on the ATH. I didn't expect 30k but now recovered to hover halfway, still in uptrend, constantly shaking out the weak hands, and still targeting 80-100 toward better things.
There is no downside. If the bulls dominate we hit our first target sooner rather than later. If the bears dominate, so what, we go back to 30 again or even 20 which is good for those wishing to top up, good for the smart money, good for traders, and good for hodlers since it makes absolutely no difference how far it drops. Drinks all round.
And just a reminder, for the next major run this year or next but probably this, while the 2017 peak is a pimple next to the 2021 peak, that's what the 2021 peak will look like against the next peak.
Happy to see the surge continue.
Happy to see a crash.
As a hodler it should make no difference, so far the bounce has recovered half to 36k, and now waiting to see if that was a dead cat targeting 30-29, and beyond to -50%.
^ Yup, but would like to buy some more at a lower price, for a sell off at the next surge in.... 1 ... 3 ... 5 years time.
Exclusive: Large bitcoin payments to right-wing activists a month before Capitol riot linked to foreign accountLarge bitcoin payments to right-wing activists a month before Capitol riot linked to foreign account
On Dec. 8, someone made a simultaneous transfer of 28.15 bitcoins — worth more than $500,000 at the time — to 22 different virtual wallets, most of them belonging to prominent right-wing organizations and personalities.
Now cryptocurrency researchers believe they have identified who made the transfer, and suspect it was intended to bolster those far-right causes. U.S. law enforcement is investigating whether the donations were linked to the Jan. 6 assault on the U.S. Capitol.
While the motivation is difficult to prove, the transfer came just a month before the violent riot in the Capitol, which took place after President Trump invited supporters to “walk down Pennsylvania Avenue” and “take back our country.”
Right-wing figures and websites, including VDARE, the Daily Stormer and Nick Fuentes, received generous donations from a bitcoin account linked to a French cryptocurrency exchange, according to research done by software company Chainalysis, which maintains a repository of information about public cryptocurrency exchanges and whose tools aid in government, law enforcement and private sector investigations.
Sounds persuasive so I surrender, but before putting the hood over my head my last wish is to know how this impeccable source was able to identify that most of destination addresses belong to prominent right-wing organizations and personalities.
And before giving the order to fire, why these impartial 'researchers' believe they know both the sender and the cause.
Oh, and next week's lotto numbers.
^
i have no idea what point you're trying to make with that gibberish.
i posted the article because i think it reinforces the theory that the full strength of the US govt. is coming for cryptocurrencies....probably sooner than later.
american IP addresses have been restricted for over a year from international exchanges , and the majority of bitcoin purchased in the US is from coinbase US which has strict KYC regulations - so it is pretty easy to track BTC in the US for the majority of transactions
BTC in itself is pseudo anonymous and to use mixing services is quite expensive and not something your average holder will do - if you use BTC for any nefarious transaction and do not know what you are doing you will be identified easily
the fluff from the media is just that - BTC is not really fungible - and efforts to make it so have come to nought because of the intransigence of the main groups of miners and the real lack of governance
this issue will cause a come to jesus moment soon enough and will impact the confidence people have in the chain - I only hold some BTC that I use to pay for a seedbox , but it is a pittance and I don't worry as it is unlikely that what I use it for would be worth the financial effort when there is much lower hanging fruit to be taken
BTC is the AOL of blockchains to use a cliche - I follow a chain which is much more nimble and has the ability to adapt via stakeholder governance
Glad you think so, iow btc should be down to tuppence (if only, if only!) anytime soon, instead of 80-100k...under the might of the US gov. Let's wait and see what happens later this year, er, before the full strength of the US gov is activated.
While we wait, would you care to explain how you expect the US gov to destroy a decentralised commodity which, quite aside from previously listed reasons, an increasing number of people wish to purchase, believing it will become a profitable investment? And as there's zero chance of a coherent reply, let's move onto the easy bit, why they might even consider such a ludicrous policy - under the banner of free market capitalism?
In your fantasy world, could I be arrested for being in possession of a bitcoin?
Seeing more and more of this.
Man who accidentally threw out a bitcoin fortune offers $70 million for permission to dig it up
By Lianne Kolirin, CNN
Updated 1459 GMT (2259 HKT) January 15, 2021
Man who accidentally threw out a bitcoin fortune offers $70 million for permission to dig it up - CNN
On the bright side (ie reality) btc is consolidating for the next push, and hopefully this occurs before the US gov steps in to shut it all down.
Watcha think Ray, which will it be?
More...
Stefan Thomas, a German-born programmer living in San Francisco, has two guesses left to figure out a password that is worth, as of this week, about $220 million.
The password will let him unlock a small hard drive, known as an IronKey, which contains the private keys to a digital wallet that holds 7,002 Bitcoin. While the price of Bitcoin dropped sharply on Monday, it is still up more than 50 percent from just a month ago, when it passed its previous all-time high of around $20,000.
The problem is that Mr. Thomas years ago lost the paper where he wrote down the password for his IronKey, which gives users 10 guesses before it seizes up and encrypts its contents forever. He has since tried eight of his most commonly used password formulations — to no avail.
I have no idea what this Pornhub website is but a lot of people are excited about this.Adult entertainment website Pornhub has added four new coins to its list of supported crypto payment options — XRP, BNB, USDC, and DOGE
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