Crypto Blowing Up

[nate]

Originally Posted by nate

Was watching the depth chart on coinbase and ETH had too much strength. I figured itd over shoot 3k by up to 10%. I moved my order back to 3,488. BTC did a 3x from ATH, 4.2k is ETH 3x. Will probably over shoot it by July but it's going to be a physiological barrier to watch for-sure. Any thing over this 0.06 ETH/BTC breaks the 4 year trend the pair has been in. Now can only chart prior resistance and support levels from 2017. Trend maybe broken.

Order filled... ¯\_(ツ)_/¯



Now to watch those 9 ETH have a unrealized gain of 90k when ETH hits 10k this cycle.

[james_112233]

Originally Posted by nate

Order filled... ¯\_(ツ)_/¯



Now to watch those 9 ETH have a unrealized gain of 90k when ETH hits 10k this cycle.

I wish that happens.

I had all my money in BTC and when I saw what was happening yesterday I bought in high and it stopped going up lol ...

Just my luck.

Now i'm hoddling ETH and just wish it spikes again.

[nate]

Originally Posted by james_112233

I wish that happens.

I had all my money in BTC and when I saw what was happening yesterday I bought in high and it stopped going up lol ...

Just my luck.

Now i'm hoddling ETH and just wish it spikes again.

If ETH pulls off the London upgrade with 1559 and Optimism™ in July, and the Merger in Dec/Jan... ETH is going to $10k with a $1T marketcap.

For future reference, the time to rotate into ETH from BTC is any time ETH gets below 0.03 BTC. (unless we are headed into a bear market (lower lows & lower highs on high time frame charts ie daily or weekly), then just hold BTC)

Don't stress it, ETH will pump again or it might just pump all the way til the end of June. ¯\_(ツ)_/¯

Depending on how log it takes ETH/BTC to get to the red line, ATM 0.073 BTC is the 4 year trend resistance level, and that green 0.043 was what we needed to break to start ETH szn

[Beautiful]

Originally Posted by nate

Order filled... ¯\_(ツ)_/¯

I don't follow ETH too closely, but in order for the ETH upgrade to happen, the majority of miners have to signal support correct?

This upgrade should make ETH deflationary like BTC, but at the cost of reducing miner fees by 70%. Unless I'm missing something, I can't see majority miner support if they're taking a hit this big.

I get the long term value increases, but 70% reduced profit is rough. Did BTC ever have an upgrade that resulted in something like this?

If it doesn't happen, ETH will probably have a huge correction in July.. I think taking profit before the event was a wise move

[nate]

Originally Posted by Beautiful

in order for the ETH upgrade to happen, the majority of miners have to signal support correct?

No they do not. The major mining pools already agreed to go along with update along with pretty much anyone that already has a good amount of ETH. It will all even its self out in the end financially by increasing the price of Ethereum. If the upgrade doesn't happen ETH will not be able to scale for the amount of users on the network and other projects like Pokadot, BSC, and Sol will catch up.

ETH could have a another fork like BTC/BCH did in 2017 and everyone would support it just to sell the forked coin. It could be like 2017 all over again. This would make people want to sit in ETH the day of the upgrade/chain split so they could get the dividend. So if news cycle indicates such plan accordingly.

There will be a initial shock to the network and miners will move to other coins. I would imagine ETH will dump a week or two before the update (unless there is a fork planned). Other coins will pump from miners moving and the way the distribution will change. I'm guessing minable coins like RVN, Ethereum Classic, and BEAM will pump with less sell pressure and more miners to distribute the coins between.

I'm thinking Bitcoin will pump and have a massive blow off top again somewhat like 2017 around SEP/OCT. Then if everything is working out for ETH and the merger from Proof of Work to Proof of Stake goes trough at the end of the year ETH will hit 10k and my never have a massive correction.

[@NasterXchange]

Originally Posted by nate

No they do not. The major mining pools already agreed to go along with update along with pretty much anyone that already has a good amount of ETH. It will all even its self out in the end financially by increasing the price of Ethereum. If the upgrade doesn't happen ETH will not be able to scale for the amount of users on the network and other projects like Pokadot, BSC, and Sol will catch up.

ETH could have a another fork like BTC/BCH did in 2017 and everyone would support it just to sell the forked coin. It could be like 2017 all over again. This would make people want to sit in ETH the day of the upgrade/chain split so they could get the dividend. So if news cycle indicates such plan accordingly.

There will be a initial shock to the network and miners will move to other coins. I would imagine ETH will dump a week or two before the update (unless there is a fork planned). Other coins will pump from miners moving and the way the distribution will change. I'm guessing minable coins like RVN, Ethereum Classic, and BEAM will pump with less sell pressure and more miners to distribute the coins between.

I'm thinking Bitcoin will pump and have a massive blow off top again somewhat like 2017 around SEP/OCT. Then if everything is working out for ETH and the merger from Proof of Work to Proof of Stake goes trough at the end of the year ETH will hit 10k and my never have a massive correction.

brillant analysis

[Beautiful]

Where do you see evidence of majority of miners agreeing to the upgrade?

Asking cause I genuinely want to see it / haven't seen it / I don't know much about ETH

[james_112233]

Elon Musk tweeted and the market crashed ...

Feelin a little sick right now.

Is the bull run over ?

[agent006140]

Originally Posted by james_112233

Elon Musk tweeted and the market crashed ...

Feelin a little sick right now.

Is the bull run over ?

correction !

You know the bubble would burst,it is just a matter of time.
Dogecoin went from a penny to 60 cents in matter of weeks !

c'mom,you cant find a decent car for 500-5000?
if you can find it,I suggest you buy them all and resell them,dealers are crying they cant find decent used cars.for resale

Talking about increased regulations is just that ... talk.

How long will it take to actually implement half the things they say ? especially now that the world is slowly coming out of covid and catching up on so many other things.
------------
It aint no talk,our Fed is partnering with MIT on digital currency,China is working on one as well.
You have 2 largest economy in the world working on digital currency,

I just got an email yesterday from a blackmail guy asking for $5900,he claimed to know my password and I have visited some porn site,he will expose me if I dont send him the bitcoin,he provided his bit coin address!
If I dont send him the money in 48 hours,he will expose me to first 15 email addresses he found in my address book?

You know Colonial Pipeline paid $4.5 millions in Bitcoins!

Elon is the father of Dogecoin!
I am surprised the board does not rein him in and refrain him from talking too much !

there are two power plants which have been converted to mine bitcoins,one said it can mine 50,the other 35 per month,but local authority is not too thrilled with what they are doing.
There is only less than 2 millions out there to be mined,it wont take long to mine them

Originally Posted by quest

It was another big hype, and I hope the last one.
Somebody lost great opportunity to sell at peak

looks like it is going back to recent low of 30K,any chart reader out there>
double top,double low??????????

thats the 40K question,where is the new support level?
if it breaks below $30K,it could go to $25k- $28K.
is there such thing as margin call with crypto account?

[slokor]

Its starting to look more and more like Elon Musk is running a 'pump and dump' scam.
Between his tweets on Dogecoin and now this one on Bitcoin - essentially trying to 'tank' it I find it hard to believe he doesnt know EXACTLY what he is doing.
The fact he is having a massive impact on millions of people and their finances and future and doesnt seem to give a $hit about it is appalling and I certainly hope the SEC investigates him up the a$$ for this. His behaviour is shameful and (Im convinced) criminal.

[DENDEN76]

Not his first run in with the SEC. I hope they investigate him and fine him 100 million this time. Apparently Tesla will no longer accept bitcoin too? How many businesses adopted bitcoin as a payment option because Tesla decided to accept bitcoin now his done a 180

[slokor]

Originally Posted by DENDEN76

Not his fun run in with the SEC. I hope they investigate him and fine him 100 million this time. Apparently Tesla will no longer accept bitcoin too? How many businesses adopted bitcoin as a payment option because Tesla decided to accept bitcoin now his done a 180

Thats exactly it.
He has reversed his decision on Tesla accepting BTC for payments due to 'carbon concerns'. Not that Tesla would have made any difference to BTC directly since not that many are rich enough to afford a Tesla to begin with and even less of the rich ones would agree to pay with BTC. BUT - the fact others - both individuals and institutions - were influenced by this news is pure manipulation of the market.
Lets see what the SEC does about this.
Im just wondering if Tesla still has those BTC holdings on their balance sheet.

[james_112233]

You would think his company that make electric cars would know about BTC emissions. This is straight up manipulation of the markets.

[ebaystealth1974]

Originally Posted by james_112233

This is straight up manipulation of the markets.

100%

You'll never see me investing heavily into something that a man's WORDS can lose me 12% of my money instantly. Shiit's ridiculous!

[ebaywanton]

Its terrible, but i hope none of you panic sold, the bullrun still has some gas left.

If you brought the dip last night, you should be golden.

And yes, Elon is a massive d*ck. For someone who sends rockets into space, you would think the last thing on his mind is carbon emissions...

Deep down, everyone in crypto knew somebody like Musk getting involved would be bad for the long run, he needs to stay in his own lane ffs.

[james_112233]

Originally Posted by ebaywanton

Its terrible, but i hope none of you panic sold, the bullrun still has some gas left.

If you brought the dip last night, you should be golden.

And yes, Elon is a massive d*ck. For someone who sends rockets into space, you would think the last thing on his mind is carbon emissions...

Deep down, everyone in crypto knew somebody like Musk getting involved would be bad for the long run, he needs to stay in his own lane ffs.

I didn't sell but know a lot of people did.

I bought in at 42.5 GBP thinking we would break the previous high of 47k GBP and go to about 50k GBP instead we dropped to 32k GBP and now sitting at around 35k GBP.

I can wait the rest of the year but want to see a return by christmas on both this and ethereum. I made money in shorts in the space of a week and half and then this happened.

That's all on coinbase.

Elon is a first class pr!ck. But my opinion about him will change if this is a strategic move to make the price of BTC go higher than ever before.

[slokor]

Originally Posted by james_112233

Elon is a first class pr!ck. But my opinion about him will change if this is a strategic move to make the price of BTC go higher than ever before.

Elon Musk IS a first class prcik and my opinion of him will not change no matter what he does cause either way he will be manipulating the market.
Elon needs to just shut the f#ck up and stay occupied with his own business instead of manipulating the markets. I realy do hope the SEC invetigate him for this.

[ebaywanton]

Originally Posted by james_112233

I didn't sell but know a lot of people did.

I bought in at 42.5 GBP thinking we would break the previous high of 47k GBP and go to about 50k GBP instead we dropped to 32k GBP and now sitting at around 35k GBP.

I can wait the rest of the year but want to see a return by christmas on both this and ethereum. I made money in shorts in the space of a week and half and then this happened.

That's all on coinbase.

Elon is a first class pr!ck. But my opinion about him will change if this is a strategic move to make the price of BTC go higher than ever before.

Even if BTC goes higher because of him, he is still a prikc since this is pure market manipulation, which will inevitably lead to regulations :(

[Freakzilla]

Dude, you need patience, Every time you buy you get stressed out.

Originally Posted by james_112233

I didn't sell but know a lot of people did.

I bought in at 42.5 GBP thinking we would break the previous high of 47k GBP and go to about 50k GBP instead we dropped to 32k GBP and now sitting at around 35k GBP.

I can wait the rest of the year but want to see a return by christmas on both this and ethereum. I made money in shorts in the space of a week and half and then this happened.

That's all on coinbase.

Elon is a first class pr!ck. But my opinion about him will change if this is a strategic move to make the price of BTC go higher than ever before.

[glacier922]

People need to hold because the value of the dollar is at risk. It will be used for exchange of goods and services in the future. There's too much social control going on now with dollar, taxation on this group but the other etc. Bitcoin should be the future of money and that's why it should be a hold, plus buying more. It's on sale now

[ebaywanton]

Musk influencing the market again and the btc weekly close will be below the 20 week moving average (this triggered the bear market last cycle)

Have stop losses set if you are playing with money you cannot afford to lose lads

[Beautiful]

all growth stocks have been selling off, Tesla is down 20%~ in the last couple weeks

elons timing was just coincidental, I think the market is just reacting to the inflation reports that came out last week

the market still thinks the fed is going to step in and increase interest rates to calm inflation. When they realize the fed won't do anything, gold/btc will moon hard

keep buying BTC on the dips and hold, we got a long way to go