Cryptocurrency

[toby47]

Any experts out there think Bitcoin has topped out again? That was advice I was getting over the weekend

It is meeting resistance at £37k £38k alright. I bought more this morning. It's up around 100% this past year.

What 'resistance' would it be meeting at 37 or 38k, or why would it be struggling to go beyond that value?

[trailer]

Any experts out there think Bitcoin has topped out again? That was advice I was getting over the weekend

It is meeting resistance at £37k £38k alright. I bought more this morning. It's up around 100% this past year.

What 'resistance' would it be meeting at 37 or 38k, or why would it be struggling to go beyond that value?

I'm by no means an expert but as I understand it resistance at a certain level is investors thinking it will drop and then they sell or take profit and then the price actually drops. It's phycological.

[toby47]

Any experts out there think Bitcoin has topped out again? That was advice I was getting over the weekend

It is meeting resistance at £37k £38k alright. I bought more this morning. It's up around 100% this past year.

What 'resistance' would it be meeting at 37 or 38k, or why would it be struggling to go beyond that value?

I'm by no means an expert but as I understand it resistance at a certain level is investors thinking it will drop and then they sell or take profit and then the price actually drops. It's phycological.

Would it be a case of manipulation? 'Big' investors selling off, it dropping value, buying in again at a lower value & repeating?

[trailer]

Any experts out there think Bitcoin has topped out again? That was advice I was getting over the weekend

It is meeting resistance at £37k £38k alright. I bought more this morning. It's up around 100% this past year.

What 'resistance' would it be meeting at 37 or 38k, or why would it be struggling to go beyond that value?

I'm by no means an expert but as I understand it resistance at a certain level is investors thinking it will drop and then they sell or take profit and then the price actually drops. It's phycological.

Would it be a case of manipulation? 'Big' investors selling off, it dropping value, buying in again at a lower value & repeating?

Possibly. I'm by no means an expert on this. For the most part I actually think it is a load of nonsense and see this a bit of gamble. I haven't invested anything more than I am prepared to lose.

[ThomasMullan]

Any experts out there think Bitcoin has topped out again? That was advice I was getting over the weekend

It is meeting resistance at £37k £38k alright. I bought more this morning. It's up around 100% this past year.

What 'resistance' would it be meeting at 37 or 38k, or why would it be struggling to go beyond that value?

I'm by no means an expert but as I understand it resistance at a certain level is investors thinking it will drop and then they sell or take profit and then the price actually drops. It's phycological.

Would it be a case of manipulation? 'Big' investors selling off, it dropping value, buying in again at a lower value & repeating?

Possibly. I'm by no means an expert on this. For the most part I actually think it is a load of nonsense and see this a bit of gamble. I haven't invested anything more than I am prepared to lose.

It is a load of nonsense but as long as there are millions of people prepared to trade in something with perceived value then there is potentially money to be made (and lost). Not much of a gambler myself so I'll have to make do with the current interest rates on savings.

[Mourne Red]

Any experts out there think Bitcoin has topped out again? That was advice I was getting over the weekend

It is meeting resistance at £37k £38k alright. I bought more this morning. It's up around 100% this past year.

What 'resistance' would it be meeting at 37 or 38k, or why would it be struggling to go beyond that value?

That's its previous low point from when it spiked. Then 42k is the most recent low point from when it spiked to 48k.

Need it to settle above the 42k mark this week and then that should be good for it to make its next leg up

[Smokin Joe]

Any experts out there think Bitcoin has topped out again? That was advice I was getting over the weekend

Yeah, I wouldn't be buying now.  It's been about 3 months of pretty straight up price increases, so I would expect a consolidation for a while.  I see a decent chance it drops to $32k-ish within the next 6 or 8 weeks.
Of course it continue to go straight up, but I don't think that's the most likely outcome given it's run up in advance of the spot ETF announcement.

I'm still very confident of it going much higher by the end of 2025 (based on its cycle history), but I could see a short term cool off.

[yellowcard]

I laugh when I hear of all these predictions about the future price when the truth is nobody has a clue what will happen. Its a game for gamblers and speculators with a few spare quid but you would have to be prepared to lose it all. 

[Smokin Joe]

I laugh when I hear of all these predictions about the future price when the truth is nobody has a clue what will happen. Its a game for gamblers and speculators with a few spare quid but you would have to be prepared to lose it all. 

Disagree about having no clue what will happen.  There is a very clear 4 year cycle.  That's why I was was buying in October and November 2022.  Short terms price movements are very volatile but you can't see this image and say that nobody has a clue what will happen
https://twitter.com/rektcapital/status/1738252904564203793/photo/1

[trailer]

I laugh when I hear of all these predictions about the future price when the truth is nobody has a clue what will happen. Its a game for gamblers and speculators with a few spare quid but you would have to be prepared to lose it all. 

Disagree about having no clue what will happen.  There is a very clear 4 year cycle.  That's why I was was buying in October and November 2022.  Short terms price movements are very volatile but you can't see this image and say that nobody has a clue what will happen
https://twitter.com/rektcapital/status/1738252904564203793/photo/1

It's based of reading patterns in the candles and nothing else. No real world data.

[Smokin Joe]

I laugh when I hear of all these predictions about the future price when the truth is nobody has a clue what will happen. Its a game for gamblers and speculators with a few spare quid but you would have to be prepared to lose it all. 

Disagree about having no clue what will happen.  There is a very clear 4 year cycle.  That's why I was was buying in October and November 2022.  Short terms price movements are very volatile but you can't see this image and say that nobody has a clue what will happen
https://twitter.com/rektcapital/status/1738252904564203793/photo/1

It's based of reading patterns in the candles and nothing else. No real world data.

Trading using candles, charts, past cycles and an understanding of where global liquidity and wider economic conditions are at. Absolutely
That's exactly what my aim is.
I buy Bitcoin and other cryptocurrency to make a profit; try to buy at a price that is lower than I will sell at.
It's not as unpredictable as the mainstream media make it out to be.

[Look-Up!]

Anyone experience crypto theft on here or know of anyone got robbed. Worked with a lad that was big into it but had his account emptied last May/June. Poor fella, got the impression it was very significant sum  and he was dreading telling TOH. Havn't seen him since so don't know how he got on trying to recover it or what compensation he might get.

[toby47]

Anyone experience crypto theft on here or know of anyone got robbed. Worked with a lad that was big into it but had his account emptied last May/June. Poor fella, got the impression it was very significant sum  and he was dreading telling TOH. Havn't seen him since so don't know how he got on trying to recover it or what compensation he might get.

Sounds like the wife killed him once he told her

[RedHand88]

Anyone experience crypto theft on here or know of anyone got robbed. Worked with a lad that was big into it but had his account emptied last May/June. Poor fella, got the impression it was very significant sum  and he was dreading telling TOH. Havn't seen him since so don't know how he got on trying to recover it or what compensation he might get.

There is absolutely no chance of compensation or recovering it unless whoever stole it takes pity on him and returns it. Its one of reasons why I wouldn't go near it!

[Look-Up!]

Anyone experience crypto theft on here or know of anyone got robbed. Worked with a lad that was big into it but had his account emptied last May/June. Poor fella, got the impression it was very significant sum  and he was dreading telling TOH. Havn't seen him since so don't know how he got on trying to recover it or what compensation he might get.

Sounds like the wife killed him once he told her

  . Felt bad for him, really nice bloke. In fairness I think they'll be ok. Sounds like she has a really good job and he had been doing well in his trading. Had bought a brand new ID.5 outright from his previous winnings, if you believe all he said.