BITCOIN

[black4vcobra]

While I like the prices, I dislike the manipulation. The big players sell when prices near or exceed previous ATH's which crashes the price and they just rebuy then.

Given their high speed algorithms, it's impossible for them to not make money.

 

[98SVTContour98]

While I like the prices, I dislike the manipulation. The big players sell when prices near or exceed previous ATH's which crashes the price and they just rebuy then.

Given their high speed algorithms, it's impossible for them to not make money.

another reason not to trade bitcoin

buy and hodl

 

[black4vcobra]

another reason not to trade bitcoin

buy and hodl

Well ya but that cycle keeps the price from going to where it could go and the big dogs are manipulating the price and pulling profit at the same time.

I've never sold bitcoin, and never will sell all my holdings, but if it goes high enough I'd pull some profit

 

[mysticsvt]

Well ya but that cycle keeps the price from going to where it could go and the big dogs are manipulating thenprice and pulling profit at the same time.

I've never sold bitcoin, and never will sell all my holdings, but if it goes high enough

I have pulled some in the past. If I spike up to say 50K I will pull some again.

 

[MG0h3]

What do you guys mean by “manipulation”?

Are you suggesting some sort of fraud or just simple buying and selling?

If the latter, that’s part of the game and no different than any other traded equity.

Probably going to see more volatility than normal with all the ETFs. Maybe not the huge 50% swings but lots of ups and downs.

Trade in and out when you see a range develop.


Sent from my iPhone using svtperformance.com

 

[mysticsvt]

While I like the prices, I dislike the manipulation. The big players sell when prices near or exceed previous ATH's which crashes the price and they just rebuy then.

Given their high speed algorithms, it's impossible for them to not make money.

What about when manipulation makes you money? Musk manipulated it for a while. Just by tweeting....just listened to what he said....and moved money immediately.

 

[black4vcobra]

What do you guys mean by “manipulation”?

Are you suggesting some sort of fraud or just simple buying and selling?

If the latter, that’s part of the game and no different than any other traded equity.

Probably going to see more volatility than normal with all the ETFs. Maybe not the huge 50% swings but lots of ups and downs.

Trade in and out when you see a range develop.


Sent from my iPhone using svtperformance.com

The pump and dump strategy definitely occurs with crypto, which of course has also happened with stocks ever since their has been a stock market.

Bit, I have no doubt there is insider trading going on with crypto. There are plenty with privileged info in the crypto sphere as well as government institutions. Acting on non public info is, among other things, manipulation of price.

And yup, being good at looking at charts and trading within an identified range is a skill that siccessful traders must possess. I'm no good at it yet but have picked up some of the basics on it.

 

[MG0h3]

The pump and dump strategy definitely occurs with crypto, which of course has also happened with stocks ever since their has been a stock market.

Bit, I have no doubt there is insider trading going on with crypto. There are plenty with privileged info in the crypto sphere as well as government institutions. Acting on non public info is, among other things, manipulation of price.

And yup, being good at looking at charts and trading within an identified range is a skill that siccessful traders must possess. I'm no good at it yet but have picked up some of the basics on it.

All you can do is be patient and follow the trend.

There isn’t traditional insider trading with crypto other than some major holders or fund managers saying “hey let’s buy/sell”. Don’t even think that’s considered insider trading.

But if the big dogs are doing it, just do it with them.

There’s also inverse BTC ETFs now. A lot more ways to move it.

I’ve got some BITX options for next week and bought 1000 BITO @30. Sold covered calls for a week at 1.50 32 strike. 5% a week to hold it, over 10% if they take it.

When it dipped mid week, I closed the option for 50%, waited for a rebound a resold.




Sent from my iPhone using the svtperformance.com mobile app

 

[98SVTContour98]

$72k

 

[98SVTContour98]

why are people so confident and smug and yet are complete ****ing idiots

 

[98SVTContour98]

someone in this thread was saying a break of $70k and they would buy.

Don't buy, you'll probably ruin the pump and cause a bear market

 

[black4vcobra]

someone in this thread was saying a break of $70k and they would buy.

Don't buy, you'll probably ruin the pump and cause a bear market

So why are the markers all pumping? Is it because the UK approved bitcoin ETFs?

 

[98SVTContour98]

So why are the markers all pumping? Is it because the UK approved bitcoin ETFs?

Sounds like simple demand vs supply playing out at the moment.

The USA ETFs have created a lot of demand

 

[98SVTContour98]

everyone should watch this

 

[VegasMichael]

everyone should watch this

I watched him on CNBC this AM after they interviewed Trump. Saylor has always been one of the smartest guys in the room. It'll be interesting to see what transpires.

 

[98SVTContour98]

I watched him on CNBC this AM after they interviewed Trump. Saylor has always been one of the smartest guys in the room. It'll be interesting to see what transpires.

I was skeptical of him at first but he has and is making a lot of sense

 

[98SVTContour98]

I hope the pump lasts until after Thanksgiving

 

[CompOrange04GT]

Weather would have almost 8x his money….

 

[98SVTContour98]

 

[q6543]

someone in this thread was saying a break of $70k and they would buy.

Don't buy, you'll probably ruin the pump and cause a bear market

That was me, just bought back in at 72.5K…

I protected my USD and lost a good chunk of my stack… I was wrong and can admit that.
Congrats on the few with unwavering conviction. You deserve the extra profits.