ChartBuddy
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February 25, 2023, 11:01:17 AM |
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dragonvslinux
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Officially not liking the rejection from $25K anymore now $23K is breaking, this was my level for bullish continuation but instead is starting to look similar to that of August rejection. Bulls think price won't re-visit $20K, bears still think we're going to $10K, probably both will get this wrong if Bitcoin get's it's way. If price can turn the 50 Day MA into support around $22.2K and create a higher low then I'd happily change my mind, but otherwise it's rising very fast and looks like it could cut through with ease given the volume gap. Ideally we would have been re-testing it around $23K where there was/is volume support, but price has dropped too quickly. Daily RSI remains neutral so room for more downside, even if not quite bearish yet.
At best this is a fake out style shake out at volume support. Currently breaking the 200 MA on 4hr, which similar to earlier in the month might not be that bearish (or relevant): Otherwise not too concerned about the pull-back as long as the 200 Day MA turns into new support around $20K. Accumulation volume at $19K still looks healthy to me, below that I'm bearish though.
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pawel7777
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February 25, 2023, 11:45:05 AM |
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just a weekend dip, r..right guys?
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ChartBuddy
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February 25, 2023, 12:01:21 PM |
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macson
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Catalog Websites
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February 25, 2023, 12:41:26 PM |
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just a weekend dip, r..right guys? don't panic, this is still under normal conditions, bitcoin price is always this fluctuating
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ChartBuddy
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February 25, 2023, 01:01:18 PM |
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ImThour
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Bitcoin Bottom was at $15.4k
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February 25, 2023, 01:31:39 PM |
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just a weekend dip, r..right guys? If you have bought below $17k like I did, you wouldn't give a single fuck about the price. I believed the cycle, and the cycle played it the way It had to. See you at $180k in November, 2025. Quote this shit.
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ChartBuddy
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February 25, 2023, 02:01:17 PM |
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LDL
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February 25, 2023, 02:56:17 PM |
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just a weekend dip, r..right guys?
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ChartBuddy
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February 25, 2023, 03:01:21 PM |
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xhomerx10
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February 25, 2023, 03:28:17 PM |
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just a weekend dip, r..right guys? HODLers dgaf about bears.
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BobLawblaw
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Neighborhood Shenanigans Dispenser
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February 25, 2023, 03:37:25 PM |
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ChartBuddy
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February 25, 2023, 04:01:17 PM |
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JimboToronto
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You're never too old to think young.
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Why do you think, that hardware wallets are a bad way to hold bitcoins?
They involve trust.
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ChartBuddy
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February 25, 2023, 05:01:17 PM |
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Biodom
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Why do you think, that hardware wallets are a bad way to hold bitcoins?
They involve trust. Merited, but it is a complex conversation. OK, Ledger is proprietary, but Trezor is, apparently, open source, but we are trusting the Trezor live software, I assume (as well as ledger live respectfully). It also seems like you can use 'words' and restore on any wallet that uses the same encoding scheme (BIP39, i assume). people here showed somewhat ingenious method where they used actual hardware, like nuts and bolts for word engraving. Being in the city-wide flood situation, one actual and a couple potential events, I don't think old school paperwallets are any better on the balance. What is left: recording of the private phrase/seed and storage in some secondary places...good for redundancy, questionable for wallet security-remember that Dutch guy (mr. Taihuttu) with funky hair who sold his house for btc in mid 2017 and became a digital nomad-that is, apparently, his style: spread wallets over continents. Tl;DR all address storage technologies have to improve if we are to expect btc to become a >$1mil/per asset in the future.
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Gachapin
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bitcoin retard
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February 25, 2023, 05:48:07 PM |
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Why do you think, that hardware wallets are a bad way to hold bitcoins?
They involve trust. Merited, but it is a complex conversation. OK, Ledger is proprietary, but Trezor is, apparently, open source, but we are trusting the Trezor live software, I assume (as well as ledger live respectfully). It also seems like you can use 'words' and restore on any wallet that uses the same encoding scheme (BIP39, i assume). people here showed somewhat ingenious method where they used actual hardware, like nuts and bolts for word engraving. Being in the city-wide flood situation, one actual and a couple potential events, I don't think old school paperwallets are any better on the balance. What is left: recording of the private phrase/seed and storage in some secondary places...good for redundancy, questionable for wallet security-remember that Dutch guy (mr. Taihuttu) with funky hair who sold his house for btc in mid 2017 and became a digital nomad-that is, apparently, his style: spread wallets over continents. Tl;DR all address storage technologies have to improve if we are to expect btc to become a >$1mil/per asset in the future. For HWs I think a good randomness generator provided with sufficient entropy, no closed source secure element, and airgap signing is important ... and if possible use your own validating node. Anyone tried the Blockstream Jade yet ?
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becoin
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February 25, 2023, 05:56:26 PM |
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For HWs I think a good randomness generator provided with sufficient entropy, no closed source secure element, and airgap signing is important ... and if possible use your own validating node.
And a Faraday bag or box to shield against electromagnetic impulses if used in the war between the US and the RF in Ukraine.
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ChartBuddy
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February 25, 2023, 06:01:22 PM |
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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February 25, 2023, 06:19:01 PM |
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[edited out]
I can say this post war economy usually means a boom. So the end of the Ukraine vs Russia war should e a nice boost for the worlds economy. Also both Ukrainians and Russians will not be suffering the pains of war. To anylize how well btc did since the war started last feb 2022 here are your numbers. dollar lost 7-10% gold lost 3-5% silver lost 10-12% btc lost 40% as it was 39k in feb 2022 but if you want to say it had suffered a separate attack due to the luna scandal you could use a later date set say June 2022 then btc looks could. To me, it seems like a bit of noise to be attempting to bring significance to bitcoin's price performance with such short-term supposed "triggering" events. Aren't you missing something about BTC price dynamics when you are going down such a short-term path and trying to find valuation meaning contained therein.. noise, no? Yes, there had been a lot of crazy shit going on in the last year, and we could even say that some of the shit from last year are contagions from previous years, and in that regard, we might not even be getting enough information in order to figure out what might be going on with bitcoin as compared with other assets when we are ONLY looking at one cycle, we might have to look at other assets too, and also consider frame works like Jeff Booth's ideas contained within his book The Price of Tommorrow.. but just listen to him talk, from time to time in order to attempt to figure out the framework regarding how any of us might be able to understand the transition from the current system to the new system while we are being lied to within the current system.. so there is a lot of deception when you try to analyze the value of the future system (bitcoin) if you are looking at it through the current system. Here's a recent discussion that was involving Jeff Booth on the Wolf of all streets podcast.. https://overcast.fm/+YDl3_7Z1gand I know that I have heard some better ones from him, yet I do not want to listen to them all. here's another one with him on Swan Signal podcast with Greg Foss. https://overcast.fm/+YDl3_7Z1gAnyhow almost anything with him is pretty good.... so you could Google him and then just listen to anything that he has to say regarding the transition from the old system to the new system and the sometimes difficulties to understand the framework or to be able to see the value of the new system when we are looking through the lenses of the old system.. including the ongoing lies of the old system that is trying to keep you seeing the world through the old lenses and in favor of the old value systems.. .. and it seems that in the beginning of my listening to Jeff Booth, I did not even really agree with some of his premises .. such as with the passage of time and with technology and innovations the price of everything should be going down.. but the price of everything is going up instead... because we are being robbed.. and it is not like I don't agree with the idea, but something seemed wrong with the simplicity of it.. and then I started to come around to understanding and agreeing with that framing more and MOre and MOAR...
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