Crypto trading

[SargeMaximus]

Wouldn't be surprised if we retraced back to range lows around 36.5K

Ok thanks!

 

[jaygreenb]

Im still holding my inverse bitcoin etf

Still holding?

 

[SargeMaximus]

Still holding?

Yes

 

[jaygreenb]

Yes

Concerned?

 

[SargeMaximus]

Concerned?

It’s a small position so not really

 

[jaygreenb]

It’s a small position so not really

If you aren't an experienced trader, wouldn't try to time short term moves. Net long always wins on a long enough time frame

 

[SargeMaximus]

If you aren't an experienced trader, wouldn't try to time short term moves. Net long always wins on a long enough time frame

Lol. Bitcoin hasn’t been around long enough to be a long term asset

 

[AAAgent]

It’s a small position so not really

Don't think its a good time. I'm pro bitcoin so definitely biased here but with covid, supply chain issues, economic issues due to the two previous issues, money printer go burrrr issue, lack of faith in governments because of all the prior issues, it's really hard to bet against bitcoin.

trading, you can go either way, but if your holding an ETF, the picture seems to be painted already. I bought a bunch around 33k btc, thought we might dip below but looks like we've turned.

 

[jaygreenb]

It’s a small position so not really

KPMG in Canada adds BTC and ETH to its treasury

Corporate adoption of Bitcoin and Ether appears to be growing, with more executives recognizing crypto as a maturing asset class.

cointelegraph.com

 

[SargeMaximus]

We’ll see what it does tomorrow. I really don’t care if I lose my money in that position or not. I was testing something

 

[jaygreenb]

Don't think its a good time. I'm pro bitcoin so definitely biased here but with covid, supply chain issues, economic issues due to the two previous issues, money printer go burrrr issue, lack of faith in governments because of all the prior issues, it's really hard to bet against bitcoin.

trading, you can go either way, but if your holding an ETF, the picture seems to be painted already. I bought a bunch around 33k btc, thought we might dip below but looks like we've turned.

I bought in that area too, kept a lot on the sidelines though in case we kept dropping. Wish I bought more but that is always the case. Agree on the macro big picture. It is more dangerous to not own bitcoin at this point.

 

[BackInTheGame78]

I bought in that area too, kept a lot on the sidelines though in case we kept dropping. Wish I bought more but that is always the case. Agree on the macro big picture. It is more dangerous to not own bitcoin at this point.

The move.up has been too fast with no retraces..now over $28 billion in long liquidation points that haven't been tapped yet. The higher it gets with no retrace, the bigger the retrace when it finally comes

 

[jaygreenb]

The move.up has been too fast with no retraces..now over $28 billion in long liquidation points that haven't been tapped yet. The higher it gets with no retrace, the bigger the retrace when it finally comes

Potentially that certainly is possible. Nothing is guaranteed in Bitcoin though, every so often you get some monster candle both ways.

 

[AAAgent]

I bought in that area too, kept a lot on the sidelines though in case we kept dropping. Wish I bought more but that is always the case. Agree on the macro big picture. It is more dangerous to not own bitcoin at this point.

I also longed LTC right around that range as well. Doing well in that position and scaled into it on the way up.

 

[jaygreenb]

I also longed LTC right around that range as well. Doing well in that position and scaled into it on the way up.

Nice, I still have my LTC bags from 17. Been waiting for another parabolic spike so I can sell for years now haha

 

[AAAgent]

Nice, I still have my LTC bags from 17. Been waiting for another parabolic spike so I can sell for years now haha

yeah, i have a big bag also with smart contracts and mweb, I have high hopes. It's also one of the alt coins i don't feel horrible for hodling like an XRP or DOGE.

 

[SargeMaximus]

Bitcoin not crashing enough

 

[AAAgent]

Bitcoin not crashing enough

Waiting for the higher low here. Let's see.

 

[BackInTheGame78]

Waiting for the higher low here. Let's see.

You just got a lower high.

 

[AAAgent]

You just got a lower high.

We shall see. I think we're still heading higher but with the bitfinex hacked btc in the governments hands, seems pretty scary.