Who's buying Bitcoin?

[Graybeard]

What's going on here?

XLM is used for start contracts to transfer real (fiat) currency between a buyer and seller (usually).
Stellar - an open network for money hmmm....

 

[Honeybadger]

BTC hovering around $37,000

Bitcoin

Bitcoin USD price, real-time (live) charts, news and videos. Learn about BTC value, bitcoin cryptocurrency, crypto trading, and more.

www.coindesk.com

 

[Profit Monkey]

• What's the best BTC trading platform? - Binance
• Where do you get your BTC news? - Coinbase
• Have you made affiliate commission from BTC? - No
• Do you think BTC value will keeping going up? - Yes

 

[Graybeard]

PASS (today anyway)

 

[JP Sanchez]

Elon Musk's reputation hits a low on Twitter after attacking bitcoin

Since he attacked bitcoin in May, Elon Musk's sentiment on Twitter has fallen by about 25% on a relative basis to a new low.

finance.yahoo.com

That is how they move markets, opinions and actions by those who are looked up to, when they need to sell, they come out with some bad news or negative opinion ... it's all a move...

 

[Honeybadger]

Bitcoin heading up again
1 BTC = $39,377.50
Who took the opportunity?

 

[Graybeard]

Well, the crypto recession is official

 

[HJabir]

Bitcoin heading up again
1 BTC = $39,377.50
Who took the opportunity?

Looks like a bull trap to me - I think Bitcoin will head lower before it reverses and starts climbing towards a new ATH

• What's the best BTC trading platform? - Binance
• Where do you get your BTC news? - Twitter / Reddit / Cointelegraph
• Have you made affiliate commission from BTC? - yes exchange signups
• Do you think BTC value will keeping going up? - Yes but not in the next few months

 

[Graybeard]

Blood in the water today

Bitcoin Falls Below $40K for 1st Time Since February
Bitcoin extended losses and sank to below $40,000 on Wednesday, the lowest since February 8th after Chinese authorities prohibited financial institutions and payment companies from providing cryptocurrency-related services and warned investors against speculative crypto trading. The cryptocurrency is off about 40% from its record high of $64,895 in mid-April, when Tesla decided to accept it as a form of payment and said would use corporate cash to buy the digital asset. Less than 2 months after the decision, Tesla has suspended vehicle purchases using Bitcoin, mentioning the rapidly increasing use of fossil fuels for Bitcoin mining and transactions, and sending Bitcoin sharply lower. Tesla’s decision on May 12th to suspend vehicle purchases using bitcoin caused over $300 billion to be wiped off the cryptocurrency market, according to CNBC.
92 minutes ago

I don't see this as a "great buying opportunity" as the level of manipulation outside of normal market mechanisms is really our of wack and is also outrageously obvious.

 

[Honeybadger]

Looks like a bull trap to me - I think Bitcoin will head lower before it reverses and starts climbing towards a new ATH

What information do you have that says BTC will dive lower?

 

[HJabir]

A mix of a bunch of stuff. It seems that the rally has lost steam following Musk's comments. All the many previous attempts to break the ATH were rejected. The Bitcoin fear greed index looks rough, the fundamentals (the media) seems to be turning on Bitcoin ATM, and Technicals don't look so great.

On the other hand inflation in the US and across the globe may push it further up, but it may take some time

 

[Graybeard]

BTCUSD Bitcoin US Dollar - Currency Exchange Rate Live Price Chart

Prices for BTCUSD Bitcoin US Dollar including live quotes, historical charts and news. BTCUSD Bitcoin US Dollar was last updated by Trading Economics this November 8 of 2024.

tradingeconomics.com

catch a falling knife
Stock markets are seeing major declines today too

 

[HJabir]

Its gonna be a slow grind downwards and I'm anticipating a bottom of $28k-$17k. That's my buy range

 

[T J Tutor]

That's almost a 50% drop in a matter of a few weeks

Not that I follow this closely, but I do believe that I have seen that a few times over the years.

 

[Graybeard]

back up to 40 ~ right now
for now (@_@)

***make that 39 now

 

[T J Tutor]

1.25% per week in the stock markets.

And that is exactly where it should be for the most of us on average. I've been able to belt out between 11% on short years and 18 to 21% on tall years since the early 80's. I've always seen 1.25 per week as a manageable long term goal average before annual and semi annual corrections, and there always corrections!

 

[Maloney]

nobody will buy a bitcoin now. lol

 

[Kkristian 匿名]

Bitcoin is the first coin, and the coin to be talked about in media. It's slow, overloaded, and has a very high fee. the technology is outdated.
If you are looking for holding it as a stock, then yes that is ok. Just note that with a big fall in price, you might be on hold for half a day in order to sell, because the network can only handle 7 transactions each second and everyone is selling at the same time

 

[Graybeard]

not this week!

 

[Glador]

I am still waiting for a better moment to buy bitcoin.

 

[garryfreeman]

Worth nothing if you can't find them and prove ownership.

agree with you, you are right

 

[garryfreeman]

I am still waiting for a better moment to buy bitcoin.

I'm also waiting, I bought it for 60, and now it costs 30 thousand dollars. I am afraid that it will grow for a long time.

 

[garryfreeman]

And I use the services of a marketing company, it is faster and easier to provide this job to specialists with IEO marketing, IEO promotion, IEO advertising, IEO advisory, IEO agency. Moreover, they have a promotion service for different companies.

 

[Graybeard]

A quantum computer could 'mine' all of the Bitcoin left to mine in a very short time --then what?
Will they hit a hard limit or will they move the goalpost?

 

[Aiden L]

I'm also waiting, I bought it for 60, and now it costs 30 thousand dollars. I am afraid that it will grow for a long time.

Why buy at 60?

 

[Graybeard]

Elon Musk's reputation hits a low on Twitter after attacking bitcoin

Since he attacked bitcoin in May, Elon Musk's sentiment on Twitter has fallen by about 25% on a relative basis to a new low.

finance.yahoo.com

Bitcoin's fundamental values are emotion and greed.
There is profit to be made but there is a real downside too.

 

[allaw]

Interesting thoughts. So far, I think and have observed that short selling is way for learning and earning in crypto. Long term huge investing have led to collapses for some of my friends. And short selling, even though requires heavy engagement in terms of time is required and have turned out to be pretty good in many cases round here.

 

[T J Tutor]

Hoe je je eerste miljoen kunt verdienen.
Je moet iets naar je zin doen, het maakt niet uit wat het is - een alledaagse baan of een plan om een miljoen dollar te bereiken. Als je bijvoorbeeld in de IT gaat met het doel om over 10 jaar de hoofd IT manager van een of ander bedrijf te worden (en, laten we zeggen, 500.000 dollar per jaar betaald te krijgen), maar je hebt een hekel aan programmeren, dan is dat een betreurenswaardig pad. Wat denk je ervan om datgene waar je echt gepassioneerd over bent om te zetten in een winstgevende zaak? Lees meer in dit artikel How To Make The First Million | Dartfreakz.nl Dartnieuws en meer... % .

English please..........................

 

[SerjCPM]

I believe that cryptocurrency is the future and that is why I am constantly adding it to my portfolio