Cryptocoin Value and Market Trend Discussion

[trog100]

the difference between risk on and risk off seems to be disappearing which is the bit i find odd..

trog

 

[lexluthermiester]

the difference between risk on and risk off seems to be disappearing which is the bit i find odd..

trog

No it's not. It's still a very risky thing to invest in.

 

[trog100]

No it's not. It's still a very risky thing to invest in.

did i say it wasnt ? he he..

trog

 

[lexluthermiester]

did i say it wasnt ? he he..

trog

You were implying it. Not ok.

 

[trog100]

You were implying it. Not ok.

i wasnt i was simply stating the risk on risk off differences seem to be diminishing.. or to me they do..

i would think it means nothing (less) is safe not that less things are risky..

trog

 

[lexluthermiester]

i wasnt i was simply stating the risk on risk off differences seem to be diminishing.. or to me they do..

Ah ok, I see what you mean. I still disagree but understand what you meant.

 

[trog100]

bitcoin now up over 18K with eth near 1.4k with gold on the rise at 1885..

gold has always been considered risk off.. odd that its on the rise along with bitcoin.. just something i notice..

trog

 

[trog100]

bitcoin now at 19K..

trog

 

[Bomby569]

bitcoin now at 19K..

trog

until it passes at least 25k it's the normal variations, trend is still down

 

[trog100]

until it passes at least 25k it's the normal variations, trend is still down

the immediate trend is quite clearly up.. it did spend a long time at 16K.. its now up 3K on that..

what happens long term.. who the f-ck knows.. i surely dont.. he he

trog

 

[Bomby569]

the immediate trend is quite clearly up.. it did spend a long time at 16K.. its now up 3K on that..

what happens long term.. who the f-ck knows.. i surely dont.. he he

trog

are you scalping BTC, if so you're right. I was talking at the larger trend obviously

 

[trog100]

are you scalping BTC, if so you're right. I was talking at the larger trend obviously

bitcoin is now up near 21K something is definitely going on.. ??

trog

 

[ThrashZone]

Hi,
Just a little buy low action pumping it up.

 

[lexluthermiester]

until it passes at least 25k it's the normal variations, trend is still down

This.

bitcoin is now up near 21K something is definitely going on.. ??

trog

Nope, it's just a shrot term spike.. Let's see if it holds..

Hi,
Just a little buy low action pumping it up.

Very likely.

 

[trog100]

bitcoin now just over 21K and seems to be holding its position well..

i think 16K was the bottom and we are now seeing a slight upwards recovery trend.. but that is just my own oppinion..

trog

 

[trog100]

bitcoin at 22594 and eth at 1656...

i think we have more than a little spike here.. he he

trog

saturday.. 23224 now for bitcoin... things are definitely beginning to look interesting..

 

[trog100]

bitcoin up very close to 24K.. we are definitely seeing a nice steady sustained upwards trend.. good news for me but maybe not for some..

trog

 

[trog100]

bitcoin up 10% on the day now at 24.5K... eth at 1685..

trog

 

[lexluthermiester]

bitcoin up 10% on the day now at 24.5K

Yeah, that's a bit of a bump for one day.

 

[dragontamer5788]

I've theorized that a Tether collapse would cause BTC to spike, as people flocked to safety. We're not necessarily seeing a Tether collapse, but instead a Binance issue / BUSD, which would match my theory.

You can't withdraw USD from Binance. The easiest way to get your money out is to sell all your Binance-USD for BTC, then use BTC to escape Binance. A large number of people doing this would cause BTC to spike in value.

---------

Not like I have any proof that this is happening mind you. But that's my mental model of the past couple of weeks.

 

[lexluthermiester]

I've theorized that a Tether collapse would cause BTC to spike, as people flocked to safety. We're not necessarily seeing a Tether collapse, but instead a Binance issue / BUSD, which would match my theory.

You can't withdraw USD from Binance. The easiest way to get your money out is to sell all your Binance-USD for BTC, then use BTC to escape Binance. A large number of people doing this would cause BTC to spike in value.

---------

Not like I have any proof that this is happening mind you. But that's my mental model of the past couple of weeks.

There's some plausibility there.

 

[trog100]

the negative sentiment surrounding bitcoin is slowly changing.. as it becomes more positive the price of bitcoin will start to move back higher..

looking for reasons beyond this simple fact is a waste of time..

trog

 

[LFaWolf]

The stock market is crashing and looks like BTC is going to be back down below $20k.

 

[80-watt Hamster]

The stock market is crashing and looks like BTC is going to be back down below $20k.

US markets are off 2% on the day, and have leveled off in the last hour or so. It's always possible they could crash, but it's a bit Chicken Little to call one at this point.

 

[LFaWolf]

US markets are off 2% on the day, and have leveled off in the last hour or so. It's always possible they could crash, but it's a bit Chicken Little to call one at this point.

2% for an index such as Nasdaq is actually a pretty big movement. Both S&P and Nasdaq are in decline over the past month. I see the crash happening in slow motion now.