The State of Cryptocurrency

we won't see prices below 9000 again? :p

mods please ban oglop for making me anxious about my short position!

in the past, bitcoin never goes below a previous high once it's broken the second time in a bull market

Sounds like football stats. Be careful using the word "never" in financial markets.

Last year, BTC was never going to break the $5,000 support level.

How about NEO, can you remember the NEO hodlers who refused to sell at $150 and watched their coin lose more than 95% of it's value. It could never go that low... 

we won't see prices below 9000 again? :p

mods please ban oglop for making me anxious about my short position!

every "dip
 so far since 7400 every dip has been eaten up. it isn't a bear market anymore and it also seems a lot of people are waiting on the sidelines for this bigger dip, which hasn't come. so if it goes up much more, i imagine a lot of people will fomo back in, pushing the price up. with binance banning americans from their markets, i imagine a lot of people will also buy back into bitcoin from alts (will this have a big affect on anything? idk) .

shorting just seems risky right now. better to buy/long the dips than short what you think may be highs. will probably push up to at least 9700~9800 within a week or so, and have a pop at 10k. if i was going to short, it would probably be at around 10k, not 9k. you remember what happened last time we went for 10k, right? :p or 11.6k, for that matter

belo horizonte: that comment was just tongue in cheek tbh

I still don't see the bull. It's taken half a year to reach this point which is essentially a move off the bottom with no reversal pattern.

I see two options, double bottom (we visit 3K again) or head and shoulders reversal pattern, which means November 2018 to now is the left shoulder and over the summer we will form the head and in the fall we see the real bull coming out to play making a quick right shoulder then off to 35K.

Mr. Oglop! I shan't have any favourable countenance of thy person and character if you insist so upon placing such a darkened shadow on my constitution, Sir! I beg of thee, most arduously, to forego of thy dark tidings, lest thou has't me wither away in sorrowful pity for my fortunes. 

Luckily Zcoin is up 2 euros.

What do you think of FB's Libra coin?

What do you think of FB's Libra coin?

On the fence about it...

I am in crypto for the long game, and think coins like this will really propel digital assets into real use. Which will be awesome, and hopefully a step away from the FED, ECB, etc.

BUT. Facebook's omnipresence and the amount of personal data they have on everyone...very scary when you throw in a banking system as well.

Congress will stop/stall it. Don't think crypto will have a its day until after the next big financial shake up (maybe later this year???)

Looks like they're going to break 10K.

Happy, this is why you don't take short trades.

Oh yeah, Libra is a sh!tcoin, some competition for XRP. One to avoid.

Happy, this is why you don't take short trades.

I know, omg my phone's been buzzing all day with warnings them margin calling my short. 
Dunno why I sold so early haha.

Happy, this is why you don't take short trades.

I know, omg my phone's been buzzing all day with warnings them margin calling my short. 
Dunno why I sold so early haha.

was it spot or were(are??) you leveraged?

leveraged 2x, and I'm praying I can ride this out till the whales start dumping on the price. All the money I made on Zcoin, lost on BTC lol and in hindsight I was just foolish to sell at 8100 and go short lol.

good luck sir

leveraged 2x, and I'm praying I can ride this out till the whales start dumping on the price. All the money I made on Zcoin, lost on BTC lol and in hindsight I was just foolish to sell at 8100 and go short lol.

It's only 2x so you should be okay. It's always volatile at the top (and bottom) of the chart. Once the high has been made, price usually loops back up so you get a U shape (exhaustion move). When you see a bearish engulfing candle (big red candle) forming in this area  that's where you safely take the short.

So if you wanted to short BTC after the 20K move in 2017 the best place to open a short would have been around 17K.

Wow...₩12,000,000.

This is unreal, honestly.  I'm glued to all of the crypto subreddits every day and I remember not so long ago when the sentiment was "$6K by the end of 2019" and that that was a positive thing.

Fast forward to now and the consensus is a new ATH by December.  I've even seen $50K, $60K being thrown around.  It's like 2017 all over again.

The scary thing is we haven't even seen the media attention this time that we saw last time around that propelled it to $20K. 

Wow...₩12,000,000.

This is unreal, honestly.  I'm glued to all of the crypto subreddits every day and I remember not so long ago when the sentiment was "$6K by the end of 2019" and that that was a positive thing.

Fast forward to now and the consensus is a new ATH by December.  I've even seen $50K, $60K being thrown around.  It's like 2017 all over again.

The scary thing is we haven't even seen the media attention this time that we saw last time around that propelled it to $20K. 

well, it's a bit different. alts are absolutely rekt. a lot are even at their ATLs. most are complete shit so it will be good to see a purge. having said that, projects such as VEN (which i always thought was pretty legit) are destroyed too, so i don't know

woke up to find that my shorts were called...

woke up to find that my shorts were called...

Those weren't shorts they were speedos.

mudderfuggin' speedos... Now those douches start selling off. When's an honest lad gonna catch a break?

Looks like the BTC move is done. Bring on the regulations FUD and another of summer of discontent for the FOMOheads who bought at 10K!

Earnings per share (based on net profit after tax) growth supports the growth of stock/share prices.   

There is no underlying support for something like bitcoin.  There is only the hope that someone will pay a higher price than you did.