I will say this though. Y’day was a great opportunity to buy. I can’t see it going much lower than $28k, so if I wasn’t already holding on higher buy in prices, I think y’day would’ve been a day to get involved
Also, once all of those miners have cleared out of China and resettled wherever they end up, I think this will have an impact on the price going up again
Also, once all of those miners have cleared out of China and resettled wherever they end up, I think this will have an impact on the price going up again
Amount of miners has very little impact on price. In fact, miners tend to be sellers to pay for their overheads. Bitcoin mining becoming less centralised can only be good for bitcoin.
Also, once all of those miners have cleared out of China and resettled wherever they end up, I think this will have an impact on the price going up again
If you mean individuals it’s not like England, it’s not simple for a citizen to simply up and leave.
Also, once all of those miners have cleared out of China and resettled wherever they end up, I think this will have an impact on the price going up again
If you mean individuals it’s not like England, it’s not simple for a citizen to simply up and leave.
more so operations. Just from what i have seen on twitter about equipment being shipped etc
Let’s hope so. I still expect to see volatility and pain until autumn, I’m thinking we then go on a run. No understanding of the charts to back that up, just an opinion on my part about how we’ve had what are I think are the major shake outs, we’re now in place for a good run
Anyone noticed bitcoin has developed a falling wedge? Looks like a double bottom too on the recent dip. Definitely is looking better IMO.
I was thinking it may have crumbled below the sorts of levels it’s been testing were we to go further, but I have been pleased with how we’ve gotten to a certain point and held.
Again, don’t how to read a chart so will take your experience and knowledge in what you say about a falling wedge and double bottom.
I strongly believe that most of what has been shaken out in terms of ‘weak hands’ are done now. All that remains is how long big players want to manipulate it to get it at a low price
Anyone understand what the effect of the UK Binance ban means for trading etc?
Nothing - except maybe leverage trading might be removed from uk users - it was technically banned, but Binance didn’t care (the law was shoddily written, saying uk based companies couldn’t offer crypto derivatives), so this is basically just doing that again. Which might ultimately be a good thing. Spot trading is unaffected.
Just read the Binance thing is to do with a company Binance were trying to set up in the uk - apparently their permission to operate has been revoked. But retail customers can still use Binance all the same. So… nothing changes.
Anyone else think that we're due for a double-horse shortly?
The Asian market can't sustain anything less than a pink parachute, surely?
I'll probably hold out until 14.6 or less.
What about you?
Not sure about the double horse and think we could be on for a yellow parachute if the North American barrel comes through.
Oh, wouldn't that be good!
I deep-fished on Digicent earlier this year and it has helicoptered (both ways) ever since. It would be nice to rattle a few tambourines with that one.
Anyone else think that we're due for a double-horse shortly?
The Asian market can't sustain anything less than a pink parachute, surely?
I'll probably hold out until 14.6 or less.
What about you?
Not sure about the double horse and think we could be on for a yellow parachute if the North American barrel comes through.
I deep-fished on Digicent earlier this year and it has helicoptered (both ways) ever since. It would be nice to rattle a few tambourines with that one.
Comments
I will say this though. Y’day was a great opportunity to buy. I can’t see it going much lower than $28k, so if I wasn’t already holding on higher buy in prices, I think y’day would’ve been a day to get involved
I'm not buying at the mo, might pick some up at 25k IF it gets there.
I strongly believe that most of what has been shaken out in terms of ‘weak hands’ are done now. All that remains is how long big players want to manipulate it to get it at a low price
The Asian market can't sustain anything less than a pink parachute, surely?
I'll probably hold out until 14.6 or less.
What about you?
Feels like overheard a joke then missed the punchline...
I deep-fished on Digicent earlier this year and it has helicoptered (both ways) ever since. It would be nice to rattle a few tambourines with that one.