Convinced the crypto market is going up again from here.

  • Thread starter Thread starter Deleted member 1333509
  • Start date Start date
This article did not age well - https://www.forbes.com/sites/jessec...e-following-this-classic-bubble-stages-chart/
Yet again, the current chart looks about the same - http://bitcointicker.co/stamp/btc/usd/30days/

I hope for the last move up, so I can at least break even, but looks like the start of a long-ass ''bear market''.

Btw, I am down -30%. Crypto is the end is a big ass gamble, game of music chairs, and dumb money - like me, is left holding bags. :D

But there is hope, I think this cycle top should be a bit above 60k - 70k max, so ~3x from last ALT. All this 100k Moon Boy BS, even Musk says - ''Price is too damn high!''

And another theory, all those institutions, could be investing in the last 2 months, and dumping price, so they can show a loss on their investment for TAX reasons?

Then after March till the end of 2021 - real top, and then MASSIVE crash like in 2018?
Given up to that time, whales slowly need to DCA out of this and leave us holding bags...

P.s. - I am still Bullish in the long-term, Bitcoin at least at 20-30% Gold Market cap, kinda makes sense in the long-term - https://8marketcap.com/

P.s.s. - Was first using BTC back in 2012, checked my old wallet balances 20+ bitcoins spent up to 2015... If I only spent more time trying to understand blockchain potential back then, I would be a Whale now...
All I did was a quick Google search - came to the conclusion that BTC is for criminals, and kinda complicated/dumb, and never will amount to anything, and exchanged as soon as I got for FIAT... :D
 
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its 50/50 boys. it either goes up or down lol
 
I never understood charts and TA completely. I get it, charts are fancy, makes you look like you "got proof" (not you, VSYNC, just in general). But in reality, charts show only what happened, there's a mix of stuff happening in the background that may change everything.
Now, maybe when markets are cool, nothing special is happening, maybe only then one can predict looking at charts. Why?
Because when everything is calm and boring, only traders trade. And they follow the charts, it's their job and they need "proof" for their actions. So, they become predictable.
But when more Sunday-afternoon-traders like me join the party, it's all over. For us, this is just some Bingo mashin' buttons, hit Red and pray, hit Green and go to Moon, "ah, i lost, these casinos are so rigged..". And monkeys always bring friends and the chaos begins, they start throwing bananas at charts.
Anyway, back to Bitcoin, it's news already, someone pointed it already on BHW, it seems like some whales from F2pool decided to mess with BTC price.
Nobody could've predicted that, nor the consequences. So charts are going to trash.
What makes me personally bullish about Bitcoin is this:
1.Many big guys invested billions in Bitcoin, when priced above $40k . MicroStrategy, Tesla, various banks, all names can be found in the news.
Those guys have teams of analysts behind who are confident the price will go up. Being famous and influential, they will bring others into crypto and increase the demand.
2. Compared to 2017, way more people know about crypto. Also, the ones who joined in 2017 learned the power of HODL and won't sell easily just because some whales are playing around.
While in 2017 we had also ICOs and scams, now we have multiple coins with far more use cases, crypto world is far more mature now, so overall, people are having a lot of good options to chose from.
3. Blockhain technology is spreading everywhere, I know there are talks about bringing it to Wall Street,
it goes into IOT, cars, AML, bananas and whatnot.
Yeah, plenty use cases (bananas are important), what i want to say is: when a blockhain is used and has a token/coin tied to the service it provides, baboom: Bitcoin's value goes up.
Watch the charts ( i got proof, see?), when Bitcoin goes down, you don't need to look at Ethereum's chart, it's identical. Bitcoin is like Captain Planet, "from all your powers combined..", if altcoins are doing great overall, Bitcoin is thriving.
See DeFi growth last year, it pushed BTC for this bull run.
Wow, a long post.
TLDR: Buy the dips, Bitcoin is discounted now.
 
Larry Igna said:
I never understood charts and TA completely. I get it, charts are fancy, makes you look like you "got proof" (not you, VSYNC, just in general). But in reality, charts show only what happened, there's a mix of stuff happening in the background that may change everything.
Now, maybe when markets are cool, nothing special is happening, maybe only then one can predict looking at charts. Why?
Because when everything is calm and boring, only traders trade. And they follow the charts, it's their job and they need "proof" for their actions. So, they become predictable.
But when more Sunday-afternoon-traders like me join the party, it's all over. For us, this is just some Bingo mashin' buttons, hit Red and pray, hit Green and go to Moon, "ah, i lost, these casinos are so rigged..". And monkeys always bring friends and the chaos begins, they start throwing bananas at charts.
Anyway, back to Bitcoin, it's news already, someone pointed it already on BHW, it seems like some whales from F2pool decided to mess with BTC price.
Nobody could've predicted that, nor the consequences. So charts are going to trash.
What makes me personally bullish about Bitcoin is this:
1.Many big guys invested billions in Bitcoin, when priced above $40k . MicroStrategy, Tesla, various banks, all names can be found in the news.
Those guys have teams of analysts behind who are confident the price will go up. Being famous and influential, they will bring others into crypto and increase the demand.
2. Compared to 2017, way more people know about crypto. Also, the ones who joined in 2017 learned the power of HODL and won't sell easily just because some whales are playing around.
While in 2017 we had also ICOs and scams, now we have multiple coins with far more use cases, crypto world is far more mature now, so overall, people are having a lot of good options to chose from.
3. Blockhain technology is spreading everywhere, I know there are talks about bringing it to Wall Street,
it goes into IOT, cars, AML, bananas and whatnot.
Yeah, plenty use cases (bananas are important), what i want to say is: when a blockhain is used and has a token/coin tied to the service it provides, baboom: Bitcoin's value goes up.
Watch the charts ( i got proof, see?), when Bitcoin goes down, you don't need to look at Ethereum's chart, it's identical. Bitcoin is like Captain Planet, "from all your powers combined..", if altcoins are doing great overall, Bitcoin is thriving.
See DeFi growth last year, it pushed BTC for this bull run.
Wow, a long post.
TLDR: Buy the dips, Bitcoin is discounted now.
Click to expand...
Nice post mate. Charts/TA is just layered information to inform decisions. The more information you have and the better you can interpret it, the more chance you have of reliably generating profit.

There's no magic to it, it's like anything else. The more time you practice and the more you put into learning, the better you get.

No one can guarantee 100% successful trades, even with years of experience and knowledge. But after enough time, you will start making better trades, avoiding old pitfalls, and becoming net positive instead of net negative.

Liked your points about adoption and blockchain.
 
Larry Igna said:
I never understood charts and TA completely. I get it, charts are fancy, makes you look like you "got proof" (not you, VSYNC, just in general). But in reality, charts show only what happened, there's a mix of stuff happening in the background that may change everything.
Now, maybe when markets are cool, nothing special is happening, maybe only then one can predict looking at charts. Why?
Because when everything is calm and boring, only traders trade. And they follow the charts, it's their job and they need "proof" for their actions. So, they become predictable.
But when more Sunday-afternoon-traders like me join the party, it's all over. For us, this is just some Bingo mashin' buttons, hit Red and pray, hit Green and go to Moon, "ah, i lost, these casinos are so rigged..". And monkeys always bring friends and the chaos begins, they start throwing bananas at charts.
Anyway, back to Bitcoin, it's news already, someone pointed it already on BHW, it seems like some whales from F2pool decided to mess with BTC price.
Nobody could've predicted that, nor the consequences. So charts are going to trash.
What makes me personally bullish about Bitcoin is this:
1.Many big guys invested billions in Bitcoin, when priced above $40k . MicroStrategy, Tesla, various banks, all names can be found in the news.
Those guys have teams of analysts behind who are confident the price will go up. Being famous and influential, they will bring others into crypto and increase the demand.
2. Compared to 2017, way more people know about crypto. Also, the ones who joined in 2017 learned the power of HODL and won't sell easily just because some whales are playing around.
While in 2017 we had also ICOs and scams, now we have multiple coins with far more use cases, crypto world is far more mature now, so overall, people are having a lot of good options to chose from.
3. Blockhain technology is spreading everywhere, I know there are talks about bringing it to Wall Street,
it goes into IOT, cars, AML, bananas and whatnot.
Yeah, plenty use cases (bananas are important), what i want to say is: when a blockhain is used and has a token/coin tied to the service it provides, baboom: Bitcoin's value goes up.
Watch the charts ( i got proof, see?), when Bitcoin goes down, you don't need to look at Ethereum's chart, it's identical. Bitcoin is like Captain Planet, "from all your powers combined..", if altcoins are doing great overall, Bitcoin is thriving.
See DeFi growth last year, it pushed BTC for this bull run.
Wow, a long post.
TLDR: Buy the dips, Bitcoin is discounted now.
Click to expand...

Nothing is 100% predictable in the market.

But using TA, you make "educated guess". Not like gamblers who predict result using their "instinct".

If you learn how the price move, you can at least predict where they will turn or keep going.

So you can win more often and with good risk : reward you can trade profitably.
 
It has a ways down more to go at least to 40k maybe around $25-30k.
 
btw for the last few years every of March crypto are down
 
VSYNC said:
Well almost immediately after posting the price crashed another $1.5K, so I don't know if "good one" is in order just yet. Still optimistic about this point though, let's see.
Click to expand...
Yeah, lets keep watching
 
It is what crypto whale do all time - they reach all time heights then cash out, causing massive panic to new traders. Then they pull down as much they can so people go out of it, they then place their money and their profits into, so the price is even higher. So will grow with the percentage they earned then repeat, only goes up and money go to people that do not panic
 
Meddie said:
But dear sir, you have an avatar with a mythical creature.
Click to expand...

tenor.gif
 
one week ago in a thread here on bhw i said that if btc is ~48k in the end of month there will be an alt season. Btc is 49k now so be ready, im pretty sure there will be an alt season this month
 
Well, 24hrs of a bull-run looks really nice. As much as I don't like charts:
Screenshot_20210301_193734.jpg
 
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