Why bitcoin dropped

[Deleted member 14978]

Purple lines show previous support. When support is lost in an uptrend guess what? We are in a technical downtrend and should look for entries to short.

Just closed most of my shorts from 58k and will look to short any rally we have up to 63k.

 

[.👽.]

i think long term it will always go up

 

[Deleted member 16262]

probably elon musk tweeted something to make it go down

i was in the game when btc was at like 55k and it dropped to like 27k because elon musk tweeted some shit.

made me invest that shit straight into monero. monero is really stable you will make a profit after some years but not too much maybe 3-5x profit. best way to invest right now is using the cheap fast rising coins and buying a lot of them. but im not gonna tell you which ones

 

[Deleted member 14978]

probably elon musk tweeted something to make it go down

i was in the game when btc was at like 55k and it dropped to like 27k because elon musk tweeted some shit.

made me invest that shit straight into monero. monero is really stable you will make a profit after some years but not too much maybe 3-5x profit. best way to invest right now is using the cheap fast rising coins and buying a lot of them. but im not gonna tell you which ones

BTC didn't drop because Elon Musk tweeted. btc dropped because it lost weekly support. It's that simple. Musk's tweets provides liquidity for the move to happen but the reason it fell has nothing to do with him. Smart money fills up short positions well in advance and then they use news/tweets to add liquidity for a move. I could have told you that btc was gonna drop on the 19th April well in advance of Musks tweet.

News is ALWAYS factored into the price before the new event is announced to general public (dumb money)

 

[Deleted member 16262]

BTC didn't drop because Elon Musk tweeted. btc dropped because it lost weekly support. It's that simple. Musk's tweets provides liquidity for the move to happen but the reason it fell has nothing to do with him. Smart money fills up short positions well in advance and then they use news/tweets to add liquidity for a move. I could have told you that btc was gonna drop on the 19th April well in advance of Musks tweet.

News is ALWAYS factored into the price before the new event is announced to general public (dumb money)

View attachment 1425572

you are the definition of ACKSHUALLY

fucking hell if youre so fucking smart where is your lambo

 

[Deleted member 16262]

ignored

 

[eduardkoopman]

probably elon musk tweeted something to make it go down

i was in the game when btc was at like 55k and it dropped to like 27k because elon musk tweeted some shit.

Purple lines show previous support. When support is lost in an uptrend guess what? We are in a technical downtrend and should look for entries to short.

Just closed most of my shorts from 58k and will look to short any rally we have up to 63k.

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daytrading imo is rather difficult.
I am more a hodl type of person, and maybe try to buy into bigger waves, and sell into massive overbought tops situations. I'm not good enough, for daytrading

 

[autistic_tendencies]

These elites playing you for fools

 

[Copeful]

I could have told you that btc was gonna drop on the 19th April well in advance of Musks tweet.

why didnt you load up a leveraged short then retard

 

[one job away]

i think long term it will always go up

Doesn’t have to be. Indian made it illegal. If China hasn’t done it already they will 100%.

Europe politicians would love to see it banned as well but obviously won’t say it like that since „freedom“. Just like vaccines aren’t mandatory. But since Europe Parlament is just full of old politicians who have no clue what btc even is, they have a hard time coming up with laws to make it unusable without actually banning it. Their old fart brains can’t grasp the concept of the internet let alone blockchain. But give it a couple of years and btc will be practically unusable here as well.

I wouldn’t invest in btc long term. too high risk and won’t go up massively anyways in a realistic time

 

[Mouthbreath]

the trend isnt really broken and the correction is still slow and controlled

 

[eduardkoopman]

Doesn’t have to be. Indian made it illegal. If China hasn’t done it already they will 100%.

China banned Bitcoin already 10+ times. it's totally proced in already, that the rice governments hate Bitcoin

Europe politicians would love to see it banned as well but obviously won’t say it like that since „freedom“. Just like vaccines aren’t mandatory. But since Europe Parlament is just full of old politicians who have no clue what btc even is, they have a hard time coming up with laws to make it unusable without actually banning it. Their old fart brains can’t grasp the concept of the internet let alone blockchain. But give it a couple of years and btc will be practically unusable here as well.

it might be made difficult, to exchange crypto for fiat currencies.
I do think, the crypto marketplace can even exist with that difficulty. And keep be, or be, a trading system among each other.

I wouldn’t invest in btc long term.

I'm fully bullish on BTC and plenty othr cryptos. I'm irrisponsibly long, with 80% of muh possessions in cryptos.

Banks already plan to come up with their own crypto shit.

Bitcoin is so good, is because the Bitcoin supply is fixed/know. Making it deflationairy. While Bank/govrnment cryptos; will be made such that they can increase the supply, causing inflation. And they can manipulate alot of factor, with their banks crypto. whereas Bitcoin, all is pre-set; and no messing around, no changing the rules, no increasing the supply, etc.. That's why imo Bitcoin moggs, and bitcoin is the mogger store of value, over any Bank/government crypto.

Which totally ruins the idea of it but

not

 

[eduardkoopman]

the trend isnt really broken and the correction is still slow and controlled

i think. if we go below 51-50; than short term trend is broken.
if we go below 40K, than enter territory that even the long term trend may be broken

 

[one job away]

China banned Bitcoin already 10+ times. it's totally proced in already, that the rice governments hate Bitcoin

it might be made difficult, to exchange crypto for fiat currencies.
I do think, the crypto marketplace can even exist with that difficulty. And keep be, or be, a trading system among each other.

I'm fully bullish on BTC and plenty othr cryptos. I'm irrisponsibly long, with 80% of muh possessions in cryptos.

Bitcoin is so good, is because the Bitcoin supply is fixed/know. Making it deflationairy. While Bank/govrnment cryptos; will be made such that they can increase the supply, causing inflation. And they can manipulate alot of factor, with their banks crypto. whereas Bitcoin, all is pre-set; and no messing around, no changing the rules, no increasing the supply, etc.. That's why imo Bitcoin moggs, and bitcoin is the mogger store of value, over any Bank/government crypto.

not

The idea of blockchain was to have decentralized currency. Ofc would banks having their own crypto currency’s go against that and ruin the idea behind crypto.

 

[Mouthbreath]

i think. if we go below 51-50; than short term trend is broken.
if we go below 40K, than enter territory that even the long term trend may be broken

true

 

[Acromegaly_Chad]

Chart analysis is useless for BTC analysis in this case. The drop is best explained by overall pessimistic market views due to COVID and central bank policies. It's time to start buying some smaller positions now.

 

[one job away]

Chart analysis is useless for BTC analysis in this case. The drop is best explained by overall pessimistic market views due to COVID and central bank policies. It's time to start buying some smaller positions now.

No it’s cuz muuuuh Fibonacci, don’t know what That is but it’s due to that. I saw a video about it. And it’s flying ape dying moon season so the Third ascent of peak will predict a bullish crabrun when the moon is blue

 

[ifyouwannabemylover]

who cares about btc I sold all of it and put it in floki

 

[one job away]

who cares about btc I sold all of it and put it in floki

Buy flamingo-flamingo. It’s gonna be 21 by 22

 

[Acromegaly_Chad]

No it’s cuz muuuuh Fibonacci, don’t know what That is but it’s due to that. I saw a video about it. And it’s flying ape dying moon season so the Third ascent of peak will predict a bullish crabrun when the moon is blue

Algorand USD 1.50 - 1.70 are entry levels with 1.85 - 1.95 exit levels.
Set limit order USD 1.90
Set stop loss USD 1.50

Thank me later

Disclaimer: yes I'm invested

 

[one job away]

Algorand USD 1.50 - 1.70 are entry levels with 1.85 - 1.95 exit levels.
Set limit order USD 1.90
Set stop loss USD 1.50

Thank me later

Disclaimer: yes I'm invested

Im not a gambler

 

[Acromegaly_Chad]

Im not a gambler

Me neither I haven't closed a single crypto position with a loss in 3 years of trading

 

[eduardkoopman]

The idea of blockchain was to have decentralized currency. Ofc would banks having their own crypto currency’s go against that and ruin the idea behind crypto.

imo. 2 seperate things, are conflated into 1 thing in this statement. whch makes it an incorrct statement.

blockchain.
and
decentralized currency or defi (decentralized financing).

Are 2 different things.
1 can exist, without the other. for sure blockchain exists sepreate from defi/decentralised currency.

One can create on blockchain an centralized "currency".
And one can create on blockchain an decentrilzed "currency"


Why was bitcoin created, in 2008 after the banks bankruptcy crisis?
1. to not be dependant on banks (only).
2. fixed rules which are known and unchanged (in the whitepaper of Bitcoin). known rules about suplly, creation, etc.. (goverments/banks, constantly change the rules/playing field)
3. decentralized, so no one controls it and can mess with it (govrnments/banks control currncy, and can mess with it though creation, interst rates, etc..)

Government/banks created digital currency. Will not annihilate above 3 main reasons why: bitcoin was creaste. and why bitcoin has been immensly successfull the past 13 years (best performing asset of past 10+years)

 

[eduardkoopman]

who cares about btc I sold all of it and put it in floki

Buy flamingo-flamingo. It’s gonna be 21 by 22

meme-coins. imo. it's kinda over, for meme-coins. It's just copy-paste many other meme-coins and trying to replicate it. Which makes it over.

It's time, to find new. creastive porjects. If one wants to gamble.
Not jump into copy-cats number #1234567899054345467890

I feel veryy bullish on game related cryptos, and metaverse cryptos. As a niche

 

[ifyouwannabemylover]

meme-coins. imo. it's kinda over, for meme-coins. It's just copy-paste many other meme-coins and trying to replicate it. Which makes it over.

It's time, to find new. creastive porjects. If one wants to gamble.
Not jump into copy-cats number #1234567899054345467890

I feel veryy bullish on game related cryptos, and metaverse cryptos. As a niche

floki is a metaverse coin

 

[eduardkoopman]

floki is a metaverse coin

lol @ me totally missing that factor

 

[Deleted member 14978]

why didnt you load up a leveraged short then retard

because I don't trade btc

Chart analysis is useless for BTC analysis in this case. The drop is best explained by overall pessimistic market views due to COVID and central bank policies. It's time to start buying some smaller positions now.

jfl if you think COVID news has anything to do with this drop

 

[Acromegaly_Chad]

because I don't trade btc

jfl if you think COVID news has anything to do with this drop

Its not my thoughts but the analysis of a crypto trader from dubai whom I know and from another guy who has a net worth of 25 million

Chart technique doesnt explain jack ass when it comes to news trading

 

[Deleted member 14978]

Its not my thoughts but the analysis of a crypto trader from dubai whom I know and from another guy who has a net worth of 25 million

Chart technique doesnt explain jack ass when it comes to news trading

News trading is a meme. News is already factored into price well before the public hear of this news.
Do you honestly believe billionaire hedge funds are refreshing CNBCs website waiting for the latest market news to come out? Jfl

 

[noodlelover]

Maybe it's a temporary down trend for a few months, or whatever, but this isn't the bear market. There's been too much sideways accumulation for that to happen before another significant push up.

 

[ifyouwannabemylover]

lol @ me totally missing that factor

it'll go to the moon

 

[ezio6]

probably elon musk tweeted something to make it go down

i was in the game when btc was at like 55k and it dropped to like 27k because elon musk tweeted some shit.

made me invest that shit straight into monero. monero is really stable you will make a profit after some years but not too much maybe 3-5x profit. best way to invest right now is using the cheap fast rising coins and buying a lot of them. but im not gonna tell you which ones

metaverse coins duh

 

[TheMewingBBC]

crypto options expiring is part of the reason

 

[Deleted member 6427]

crypto options expiring is part of the reason

What happened to lookism you fucking nigger

 

[TheMewingBBC]

"grave mistake"

 

[eduardkoopman]

crypto options expiring is part of the reason

just today, i bought an BTC option contract expering 10 december.
bought 0.9 BTC contract. for roughly 300USD. Strike @$54000.

Lets pray for a bounce back to $57000. and than muh option contract would be worth 2700USD

lets pray

 

[Patient A]

crypto options expiring is part of the reason

tried to go on lookism and and start a thread to warn everyone to sell yesterday but the shit fucking site wouldn't load. I'm actually so pissed about it.

I should have posted on here really tbh idk feelsbadman. fuck lookism servers dog shit fucking shit

I knew this crash was coming two weeks ago but I wanted to drop the bomb on last day... ah well.

 

[eduardkoopman]

tried to go on lookism and and start a thread to warn everyone to sell yesterday but the shit fucking site wouldn't load. I'm actually so pissed about it.

I should have posted on here really tbh idk feelsbadman. fuck lookism servers dog shit fucking shit

J'ettache LES DIPPS

 

[WontStopNorwooding]

@Baldingman1998 crashed the market

 

[eduardkoopman]

@Baldingman1998 crashed the market

He's BOGGING US!

 

[Oueyy]

Guess my 100 BAT are fucked JFL

 

[noodlelover]

tried to go on lookism and and start a thread to warn everyone to sell yesterday but the shit fucking site wouldn't load. I'm actually so pissed about it.

I should have posted on here really tbh idk feelsbadman. fuck lookism servers dog shit fucking shit

I knew this crash was coming two weeks ago but I wanted to drop the bomb on last day... ah well.

What metric do you look at?

 

[eduardkoopman]

What happened to lookism you fucking nigger

"grave mistake"

tried to go on lookism and and start a thread to warn everyone to sell yesterday but the shit fucking site wouldn't load. I'm actually so pissed about it.

I should have posted on here really tbh idk feelsbadman. fuck lookism servers dog shit fucking shit

I knew this crash was coming two weeks ago but I wanted to drop the bomb on last day... ah well.

Never been on Lookism, and like to keep it that way.

Everyone on Lookism, go er

 

[cmfanel]

"grave mistake"

fr what happened to the site u in contact w admin or the other mods

 

[TheMewingBBC]

fr what happened to the site u in contact w admin or the other mods

i have no contact with them and have no idea why it went down

 

[Patient A]

J'ettache LES DIPPS

View attachment 1425922

Maximum pain incoming faggot

 

[Patient A]

What metric do you look at?

Theres alot of various indicators and historical references.

Will probably get one last leg up mid December

take profits faggot

 

[Deleted member 3828]

Purple lines show previous support. When support is lost in an uptrend guess what? We are in a technical downtrend and should look for entries to short.

Just closed most of my shorts from 58k and will look to short any rally we have up to 63k.

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Professor @PingPong,
Would you please express your opinion on the coming days and the near future of bitcoin?
I myself am very worried indeed

 

[Harold O'brien]

Because of Omicron/evergrande/inflation and it was losing momentum anyway

 

[Deleted member 14323]

Professor @PingPong,
Would you please express your opinion on the coming days and the near future of bitcoin?
I myself am very worried indeed

Correction phase. It was hovering just above EMA for some time, it lost key support and now it’s recovered slightly. There’s extreme fear in the market (good thing) people are scared, take advantage. I’m not worried at all. Buy the late Black Friday sale. When it goes down hard, it goes up even harder.