Too Much Too Young
9:57 Thu Sep 7
Re: Bitcoin
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I've come into a few quid.
Mate reckons now is a good time to get a bitcoin.
I have no idea about this shit.
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Northern Sold
5:50 Fri Jul 2
Re: Bitcoin
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Make that 14%...
Give me a B...
O..
O...
M...
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bigst
4:46 Fri Jul 2
Re: Bitcoin
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Up another 10% today
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Northern Sold
4:21 Tue Jun 29
Re: Bitcoin
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I3e
up 20% in 2 days trading... errrr booom
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Vexed
1:47 Mon Jun 28
Re: Bitcoin
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They've banned a company owned by Binance operating in the uk. Binance currently doesn't operate in the uk at all. The 'ban' is of no consequence. The FCA are probably trying to make up for the indiscretions around the OneCoin scam where they basically got a load of people scammed by giving an obvious scam firm the green light. The twats.
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mashed in maryland
10:12 Sun Jun 27
Re: Bitcoin
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Remember I said a few months back on here that the British government might be the first one in the west retarded (or devious) enough to try and ban cryptocurrencies?
Well looks like it's beginning:
https://www.bloomberg.com/news/articles/2021-06-27/u-k-financial-regulator-bars-crypto-exchange-binance
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DagenhamDave
10:13 Fri May 21
Re: Bitcoin
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Think it'll settle at the 28-30k mark for a while.
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DagenhamDave
10:12 Fri May 21
Re: Bitcoin
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ChillTheKeel 7:30 Fri May 21
This drop was nothing to do with China or Elon or any of the other crap that goes around.
It was overbought pure and simple. Needed to come back to earth for a while. Too many leveraged longs in a market and someones gonna come along and pull the rug from underneath you.
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ParadiseLost
8:53 Fri May 21
Re: Bitcoin
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Interesting article Camel. That’s a lot of liquidations. Been some analysts kicking Crypto over the past few days (JPM in particular) and some suggestion if rotating into Gold as being a better trade.
With markets like Crypto and the big moves presumably stops don’t work. The leverage multiples are pretty eye catching but I guess with big short term movements that can be good money for quick plays. It did make me wonder if the strategy of using the margin liquidation as the bottom barrier and the unlimited upside might be a game some might be playing.
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camel-with-3-humps
8:00 Fri May 21
Re: Bitcoin
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https://www.livemint.com/market/cryptocurrency/crypto-meltdown-turbocharged-by-mix-of-leverage-and-liquidations-11621504467013.html
This article is spot on PL.
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camel-with-3-humps
7:55 Fri May 21
Re: Bitcoin
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Paradise Lost
It's not a great mystery. It's inexperienced capital that over leverages and you get these giant liquidation runs.
People talk about China and events etc but often (not always) it is a key support level going that causes these falls.
Bigger traders also catch the breakout traders and other small traders by causing swing failures as they need liquidity. The bigger trader is quite sophisticated at getting the liquidity it needs to avoid horrendous slippage.
It usually falls to a recognised support level, which today is 35K. If it falls through that then there will be a massive downturn.
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ChillTheKeel
7:30 Fri May 21
Re: Bitcoin
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Why does it fall whenever the media report that China is 'cracking down on BTC' again for the billionth time? It's not news.
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ParadiseLost
7:26 Fri May 21
Re: Bitcoin
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Stomach or stupidity Vexed?
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Vexed
7:16 Fri May 21
Re: Bitcoin
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I think it's clear that you don't have the stomach for this PL.
Have you thought about Premium Bonds instead?
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brabrook
6:10 Fri May 21
Re: Bitcoin
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ChillTheKeel 9:26 Fri May 21
Whiney Drips LOL
Brilliant retort
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ParadiseLost
5:51 Fri May 21
Re: Bitcoin
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Cheezey hear what you are saying but in the past hour its gone down 10%. Generally thats considered a dump, but for Crypto its a mid (US) morning burp. The range on the day is 37,096.574 - 42,172.17 a 14% range.
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Cheezey Bell-End
2:33 Fri May 21
Re: Bitcoin
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Nice that we're all getting on so well...
BTC seems to have stabilised for now. Hopefully it has hit bottom. One of these days, it will dump and I'll be ready for it.
Until around new year, BTC had been on a long slow climb. Then there was a period of volatility and all time highs, sparked in part by Musk's tweets. That volatile period looks to have ended. Hopefully now it continues as before for a while.
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ChillTheKeel
9:26 Fri May 21
Re: Bitcoin
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brabrook 9:17
Other than the fact I disagree with almost everything he says, you're bang on. That said, at least he makes me laugh, unlike the whiney DRIPS like you who are slowly morphing this place into KUMB Mk2
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Vexed
8:21 Fri May 21
Re: Bitcoin
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There he is, the bloke that told everyone to buy BCH. Surprised you've got the brass neck to return really.
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camel-with-3-humps
2:28 Fri May 21
Re: Bitcoin
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Vexed ...
Everyone is now calling you a cunt. Time to apologise and then fuck off out this thread.
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