"Hodl is a dangerous cult" "If you sell crypto when it's 50% down, you don't deserve it when it's 1000% up" "BITCOIN can do what it wants, I'm never selling" These are just a few posts of late pushing certain ideals during this dip/crash/bear/buying opportunity or what ever you want to call it. We're all…
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In Retrospect: Very excited for “Ravencoin Halving” which will start in 17 hours. I know that many people who don’t have financial or banking background are concerned from the Federal Reserve decision that it will tighten/taper their holdings which has affected "crypto". Seen this volatility many times before (They announce it, market pulls back then…
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submitted by /u/TheGreatCryptopo [link] [comments]
Let's take a look at the SEC Ethereum ‘Free Pass’ theory and why it’s important: https://www.cryptovantage.com/news/the-sec-ethereum-free-pass-theory-and-why-its-important-for-crypto/ submitted by /u/thecryptovantage [link] [comments]
Bitcoin has been dropping consistently for the past week and the crypto market has lost over $500 billion following this dip. Like with any crash, there have been the expected calls of ‘buy the dip’ from investors who believe that the dips are only temporary and that the digital asset will soon recover all of its lost value. While this advice is sometimes sound, there is no doubt that there are some drawbacks with it, which could range from adding to a losing position that ends up losing more, to sinking more money in projects that may already be doomed to fail. Veteran trader Peter Brandt has addressed these calls of ‘buy the dip’, explaining why investors should not follow it. Related Reading | Melania Trump Congratulates Bitcoin On 13th Anniversary Of Bitcoin Genesis Block You Could Lose More Money Famed trader Peter Brandt responded to a tweet from CEO of Vailshire Capital, Jeff Ross, saying that the price dips that are being experienced by bitcoin presented an opportunity for long-term traders to increase their holdings. Brandt’s tweet was vehemently against this school of thought, proposing instead “a sacred trading rule” for investors during times like these. The veteran trader compared the current movement of bitcoin to the Silver $SI_F of 1980, which had grown to its $50 top after a massive run. It had subsequently sunk to $3.65, leading people to purchase it in the hopes of catching the dip, but the asset ended staying low for more than two decades. https://twitter.com/PeterLBrandt/status/1479433011439362048?s=20 Basically, the investor urged investors to not rush to purchase bitcoin because it is low and they think it will not go lower. BTC continues downward trend | Source: BTCUSD on TradingView.com Comparing Gold And Bitcoin In a subsequent tweet, Brandt did a similar comparison to the price of bitcoin. This time around, he focused his attention on gold, calling out the fact that just like silver in the 1980s, gold experienced a similar trend. He explained that gold had first hit its all-time high of $873 in 1980, followed by a drop in price to $255. The asset which had been the inflation hedge of choice for many decades had remained in this territory for almost three decades following this and would only beat this previous all-time high 27 years later. Related Reading | TA: Bitcoin Key Indicators Suggest A Strengthening Case For More Downsides Brandt admonished the author of the previous tweet by asking, “Is this your definition of a ‘long-term’ investor?” Naturally, Brandt’s comment regarding bitcoin had drawn the ire of bitcoin maximalists who flocked to explain to the older trader why the digital asset would not follow the footsteps of gold and silver. One user tweeted that “Difference is btc is technology, not a rock”, while another pointed out that bitcoin had more utility, saying, “Gold has been a disastrous investment. Not much utility in it. Hard to carry your gold with you in the event of political system or economic collapse. Hence #Bitcoin.” Featured image from Blogtienao, chart from TradingView.com
Originally I was interested in the concept and I wanted to use my raspberry pi to mine it, so I started researching…but then I started seeing red flags. So, at first glance this whole thing seems an awful lot like a crypto-flavored ponzi scheme (an actual ponzi scheme…not the blanket term that airheads usually throw…
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Title says it all, but I know I have to write a bunch of shit here for the post to get some traction. Like many of you, I bought this delicious dip. I'm out of money now, but I have an average ETH buy price of $2984…which I think is pretty good. I'm hodling this…
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Global bitcoin mining company Bitfarms has bought the dip and added 1,000 bitcoins to its balance sheet while the prices of mining hardware remain high. The company’s corporate treasury now holds more than 4,300 bitcoins. Mining Company Buys the Dip Bitfarms Ltd. has taken advantage of the falling price of bitcoin. The publicly traded bitcoin […]
Binance partners with the Confederation of African Football to sponsor the TotalEnergies African Cup of Nations tournaments.
Key BTC trading metrics are sitting on the edge of the “worst outcome” scenario, suggesting that the current sell-off is far from over.
