Crypto Bitcoin and Fiat

Discussion in 'Other Asset Classes' started by bkiat, 15th Aug, 2020.

Join Australia's most dynamic and respected property investment community
Page 22 of 32
  1. Properwin

    Properwin Well-Known Member

    Joined:
    5th Feb, 2020
    Posts:
    760
    Location:
    Melbourne
    [​IMG]
     
    Properwin, 25th Mar, 2024
    #421
    codeninja, Gmfren and Sackie like this.
  2. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,059
    Location:
    Vaucluse, Sydney.
    One of my fave movies :D
     
    Sackie, 25th Mar, 2024
    #422
  3. Gmfren

    Gmfren Well-Known Member

    Joined:
    7th May, 2023
    Posts:
    580
    Location:
    Brisbane
    If bitcoin closes $68400 in next 30 minutes then the weekly candle will turn green. I think we have a chance.
     
    Gmfren, 25th Mar, 2024
    #423
  4. mrdobalina

    mrdobalina Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    1,970
    Location:
    there's more to life than working
    What pattern is that on the weekly candle? Hammer ? Hanging man?
     
    mrdobalina, 25th Mar, 2024
    #424
  5. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,059
    Location:
    Vaucluse, Sydney.
    One thing I've noticed is crypto in general often doesn't 'adhere' to my volume price analysis like stocks and currencies do. At least not to the same probabilistic extent. Though still to the extent I have an edge. The smart thing would be (for me) to not trade it. But I'm doing well so I'll keep going until I feel I have no edge on crypto.
     
    Sackie, 25th Mar, 2024
    #425
    mrdobalina and Gmfren like this.
  6. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,059
    Location:
    Vaucluse, Sydney.
    XAO will be making a new ATH soon :cool:

    Party on.
     
    Sackie, 25th Mar, 2024
    #426
    Redwing and Gmfren like this.
  7. Gmfren

    Gmfren Well-Known Member

    Joined:
    7th May, 2023
    Posts:
    580
    Location:
    Brisbane
    Bullish hammer. But we didn’t close the week positive. Halving in less than a month away!
     
    Gmfren, 25th Mar, 2024
    #427
  8. Properwin

    Properwin Well-Known Member

    Joined:
    5th Feb, 2020
    Posts:
    760
    Location:
    Melbourne
    [​IMG]
     
    Properwin, 25th Mar, 2024
    #428
    Gmfren likes this.
  9. DanW

    DanW Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    796
    Location:
    Sydney
    Except maybe Robert K's post about the "having" beats it:

    Robert.png
     
    Last edited by a moderator: 26th Mar, 2024
    DanW, 26th Mar, 2024
    #429
    Gmfren and Sackie like this.
  10. Gmfren

    Gmfren Well-Known Member

    Joined:
    7th May, 2023
    Posts:
    580
    Location:
    Brisbane
    People like him only buying 10 more Bitcoins? Before April? He should be buying 1000 bitcoins by April or at least 10 bitcoins/ day.
     
    Gmfren, 26th Mar, 2024
    #430
    codeninja and DanW like this.
  11. mrdobalina

    mrdobalina Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    1,970
    Location:
    there's more to life than working
    He's bankrupt. Lol
     
    mrdobalina, 26th Mar, 2024
    #431
    codeninja and DanW like this.
  12. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,059
    Location:
    Vaucluse, Sydney.
    200w.gif
     
    Sackie, 26th Mar, 2024
    #432
    Gmfren, mrdobalina and DanW like this.
  13. DanW

    DanW Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    796
    Location:
    Sydney
    Free money season once again :)
     
    DanW, 26th Mar, 2024
    #433
    Sackie and Gmfren like this.
  14. Gmfren

    Gmfren Well-Known Member

    Joined:
    7th May, 2023
    Posts:
    580
    Location:
    Brisbane
    Hi @DanW , how do you see ETH performing against BTC in 6 months- 12 months time?
     
    Gmfren, 26th Mar, 2024
    #434
  15. DanW

    DanW Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    796
    Location:
    Sydney
    Normally the ETH/BTC ratio in a bull market moves between 0.05 and 0.08 so long term holders often swapped to ETH at 0.05 then back to BTC at 0.08. So far 0.05 is still looking like resistance, but for the majors there's more fundamental factors like ETF flows this time around.

    Supply side ETH has negative inflation, but that's been there for over a year now and it hasn't had demand from speculators.
    Demand side there is a lot of hate towards ETH being called the "Whales Chain" because of high transaction fees, combined with some whales actually pivoting to playing in meme coins this time to frontrun and dump on retail. Playing in meme coins usually means playing in Solana, because it's so easy to launch new coins constantly and the fees are dirt cheap so it attracts retail. UX is nice too.

    If the ETH ETF comes and jacks up the price, people will stop hating on ETH pretty quick and suddenly the complaints about fees will dry up.

    Besides the ETF, there is also "restaking" that will go live in the next few months. That can cause people to lock their ETH up, leverage it, lock again etc and cause a supply shock.

    But fundamentals sometimes take months/years to have an effect in crypto vs the various manias that happen, so we can only guess not predict. Because of that, I hold all three BTC, ETH, SOL in about 20%, 50%, 30% and a separate portfolio for trading and shitcoins.
     
    DanW, 26th Mar, 2024
    #435
    codeninja, Properwin and Gmfren like this.
  16. Properwin

    Properwin Well-Known Member

    Joined:
    5th Feb, 2020
    Posts:
    760
    Location:
    Melbourne
    Properwin, 26th Mar, 2024
    #436
    Gmfren likes this.
  17. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,059
    Location:
    Vaucluse, Sydney.
    Standby for confirmation.

    I'll leave the forum permanently if it doesn't happen.:D:oops:

    Never advice.
     
    Sackie, 27th Mar, 2024
    #437
    KDP, Redwing, Properwin and 4 others like this.
  18. DanW

    DanW Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    796
    Location:
    Sydney
    I closed my call options during the pump for a slight profit, wasn't happy with the ETF FUD getting worse and having a time limit on the bet so it was a good time to get my money back.

    Increased bets on some AI, Gaming, BTC projects, and other shitcoins I've been holding. This is a scattergun approach as I can't do more than small research on them due to having so many: MATIC, RNDR,RUNE, AKT, ILV, ALEX, BIGTIME, MUBI, NEON, ORDS, TRAC, ETHFI. Good range of marketcaps from small to medium, only need a few to grow to pay for the rest. When bull market gets close to ending these have to be dumped first though.
     
    DanW, 27th Mar, 2024
    #438
    Player, Properwin, Gmfren and 2 others like this.
  19. Properwin

    Properwin Well-Known Member

    Joined:
    5th Feb, 2020
    Posts:
    760
    Location:
    Melbourne
    Properwin, 27th Mar, 2024
    #439
    Gmfren likes this.
  20. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,059
    Location:
    Vaucluse, Sydney.
    Forgive me, I know its not BTC related.. :oops:

    asx.png
     
    Sackie, 28th Mar, 2024
    #440
    Redwing, Sgav, DanW and 2 others like this.
Page 22 of 32