will $5000 hold? Damn those bars are so overpriced in BTC-terms of price A friend of mine argued that Bitcoin consumes too much energy for mining that can be used for something else. I told him that the blockchain technology is used all over the world as a substitute to bank transfers. And the mining of the gold also consumes energy for something that actually is not used for something except to lay in tresors and r0ach basement
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I am not surprised but I just note that the 5K is still in bulls teritory. And the bears thought they made a bull trap:
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Alright, we are now after midnight local time, so it is officially my special day! Come on Mr. BTC, make this new year of my life the best! 10x increase will do it! Thanks in advance!
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Every big government will be targeting them if Bitcoin spikes up enough.
I'm a bit perplexed about rumors I've been hearing that (((someone))) was the $100M market buy that caused this FOMO. As a Bulgarian, I am well informed about this issue and I can assure you these coins will not be sold anytime soon. They are aquired with a joint action with FBI and are being locked by FBI, probably never to be released, since these coins are entirely made by criminal activity. The criminal group was acting in Bulgaria, hence the misinformation that the government has the coins.
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After years of playing Star Wars Commander on my phone, today I reached a remarkable medal count - 100K! I believe I will see Bitcoin parity and I demand it soon(ish) ! Somehow, this game was the first brink of the logical chain, which allowed me to understand about Bitcoin, so for me it is a sign! (I went through the options to get free crystals in this game by installing apps, then PTC sites, and gradually I learned about mining and buying Bitcoins on exchanges.)
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We've been there long enough to accumulate cheap coins. This time is finished! I managed to increase my stash with 2 BTC, which feels pretty good now. Although it was a bit dissapointing for me to live for 3 months on a loss of my main invesment point around 4.3K, I wasn't hesitant to buy with all available fiat. Now, I am again on a modest profit. From my point of view, my investment in Bitcoin is like winning, say 1$ mil in the lottery. There are two types of people. Most of the people will prefer to get $200K at once, rather than get in 10 years $1 mil, as the lottery offers. I am from the minority (may be the majority in WO as well) that will prefer to wait. Shoot for the moon!
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Wall pulled
Edit: now there’s a buy wall @$4800. Heh.
No... It was eaten I watched every single one of those coins get bought BTC be like:
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You know, I often wonder why 95% of exchange trades are like 0.05 or 0.001 BTC. The answer is - there are thousands of n00bs (probably can't even calculate percentages and addicted to drugs) who believe that by trading such pathetic amounts, they will become millionaires. I got flash news for you - Not gonna happen! If you are lucky, you may get 10% in a year, so congrats with your 0.0001 BTC profit. Go buy an island with that. nah it's bots Even if they are bots, the sums of the simultaneous trades is way below 0.1 BTC, which means their owners are really poor. The volume is made by a 5% of trades which are above 1 BTC.
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The number of short positions as well as the volume has increased in the last days. Their thinking is that whatever caused the short squeeze the other day, it won't repeat now. Their only hope is the wall at Bitstamp. It may be put by a shorter or not. It doesn't matter. Bitstamp has a lot more volume recently, so it can be eaten in minutes. This will cause another short squeeze even more painful than the previous! Especially, since there is not a historically recognized resistance line until 5.8-6K(which also is dubious if it can be a resistance at all). I think the next solid resistance is somewhere about 7K$.
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The shorters were spotted trying to stop BTC with walls:
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Rinse and Repeat or Hold, where you are most comfortable. I love drop, I love making money with this trend. 30 is huge, its bigger than the price we have jumped so far, but that is not new, it's pretty normal to the market. Let the pump and dump begin. You know, I often wonder why 95% of exchange trades are like 0.05 or 0.001 BTC. The answer is - there are thousands of n00bs (probably can't even calculate percentages and addicted to drugs) who believe that by trading such pathetic amounts, they will become millionaires. I got flash news for you - Not gonna happen! If you are lucky, you may get 10% in a year, so congrats with your 0.0001 BTC profit. Go buy an island with that.
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DAMMIT driving home for 15 minutes is costing me 300$ @ BTC-prices HODL and drunk TV watching chill period comes early this weekend have fun and HODL on Nah, another small fish thinking he is a whale, trying to dump the price. Not gonna happen! Price is steadily above $5k again.
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Well done Barca! Messi is the G.O.A.T.! And Bitcoin pump today, life is good!
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Well, if this was a planned bear attack, it was doomed before it started. The general mood is very positive, and traders do not recongize any historic resistance all the way to 6K. So the battle for $5K is pointless. Bulls already won it!
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If we break the resistance range $4100-4200 in the next days, it will be a strong sign that the bulls are in control. Taking back the once strong support at $6000-6400 is inevitable this year next weeks next days.
The way to 10K is open! Go Bitcoin, go! This is my 2nd edit for today.
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If we break the resistance range $4100-4200 in the next days, it will be a strong sign that the bulls are in control. Taking back the once strong support at $6000-6400 is inevitable this year next weeks.
The way to 10K is open! Go Bitcoin, go!
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This is WO OG watching the price these days!
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