strawbs
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Activity: 868
Merit: 1340
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February 22, 2021, 02:38:31 PM |
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Looks like we're headed down for a bit
No problem, probably good to cool down a bit, shake some weak hands out. I wouldn’t mind a bit of sideways, low volatility before we start moving up again. The market is heating up, lately. dips became shallower, times of going sideways got shorter. This is why i considered Feb, by looking at my silly lines i was choosing the 23th. EDIT: Is it just me or does my avatar look really like laser eyes or more like laser glasses, i mean John Lennon -stlye? So much for my lines... Best part was when i stopped work for a coffee break and checked the price. BUT.... I have had switched to EUR and almost got a heart condition Until i realized Too bad i already bought the (higher) dip today... #hodl I think it was late 2013 when Bitcoinity suddenly defaulted to showing the rate in USD/mBTC instead of USD/BTC. I was driving in a foreign land when it first happened, had to pull over in fear of having a heart attack, until I realized what had happened. I think it was around the time the price breached $1k for the first time too.
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JimboToronto
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Activity: 4144
Merit: 4786
You're never too old to think young.
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February 22, 2021, 02:39:19 PM |
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now we have a real rebounce ... at least the last candle... before there where only rebounce for ants
It's a dead cat man... Don't you know nuttin'?
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xhomerx10
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Activity: 3976
Merit: 8629
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February 22, 2021, 02:39:50 PM |
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I should have stacked moar sats back then. That one vacation in the mountains back then would pay for about 75 mountain getaways today.
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yefi
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Activity: 2842
Merit: 1511
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February 22, 2021, 02:47:26 PM |
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Sincere thanks to panic sellers for their continued commitment to dumbness.
Your coin now has a good home and will be well looked after.
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Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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February 22, 2021, 02:47:55 PM |
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Who bought below 50K? What a gift from the weak hand n00bs I managed to buy $50 worth at $48100! I'm rich now! We are all rich now. Does anyone know what caviar goes best with Wagu steak?
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AlcoHoDL
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Activity: 2506
Merit: 4606
Addicted to HoDLing!
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February 22, 2021, 02:48:20 PM |
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The big players know their stuff...
Weak hands drop like flies ants!
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Torque
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Activity: 3696
Merit: 5276
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February 22, 2021, 02:48:48 PM |
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It's always comforting to know that this market can panic sell 8-10% just by someone moving some coins around. Btw, this is bullish.
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Dabs
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Activity: 3416
Merit: 1912
The Concierge of Crypto
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February 22, 2021, 02:49:01 PM |
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Grayscale, for one, is not selling any of the corn the trusts buy. There simply is no mechanism for it. The shares of GBTC can indeed be traded, bought, or sold. The underlying will forever be held by the trust, never to be sold out into the open market.
True today, not really sure they will never be able to buy back any of their shares and thus sell the underlying Bitcoins. Even if anyone else can buy back the shares, there is supposedly no mechanism to sell the underlying Bitcoins. They will hold it forever unless something in the trust changes. This is unlike the ETFs, where they can buy or sell the underlying.. BTCC has more than 6000 corns now.
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suchmoon
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Activity: 3808
Merit: 9021
https://bpip.org
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February 22, 2021, 02:53:07 PM |
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Yesterday: €48k. Just now: €39k. Even though 20% drops happen a lot, it always feels bad Any reason for this, or just the regular stop loss triggering? It's called a buying opportunity and you're supposed to feel good about it.
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fillippone
Legendary
Online
Activity: 2296
Merit: 16418
Fully fledged Merit Cycler - Golden Feather 22-23
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February 22, 2021, 02:59:01 PM Merited by JayJuanGee (1) |
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Grayscale, for one, is not selling any of the corn the trusts buy. There simply is no mechanism for it. The shares of GBTC can indeed be traded, bought, or sold. The underlying will forever be held by the trust, never to be sold out into the open market.
True today, not really sure they will never be able to buy back any of their shares and thus sell the underlying Bitcoins. Even if anyone else can buy back the shares, there is supposedly no mechanism to sell the underlying Bitcoins. They will hold it forever unless something in the trust changes.
Even if anyone else can buy back the shares, there is supposedly no mechanism to sell the underlying Bitcoins. They will hold it forever unless something in the trust changes.
What I meant is that now they currently don't buy back the shares. There is a secondary market completely independent from Grayscale, where a price is formed following demand and offer laws. In the case there is huge selling pressure on GBTC shares, maybe because an ETF is launched in the US, Grayscale would be obliged to buy back some shares, not to let the premium running down too negative. If Grayscale (not anyone else) buys back some shares, then they have to sell some BTC. We discussed it hereThis is unlike the ETFs, where they can buy or sell the underlying.. BTCC has more than 6000 corns now.
Correct. Yesterday: €48k. Just now: €39k. Even though 20% drops happen a lot, it always feels bad Any reason for this, or just the regular stop loss triggering? It's called a buying opportunity and you're supposed to feel good about it. I guess it's some of the usual F2Pool FUD. F2Pool outflow of 3,633 $BTC may be a factor in this dip. Largest outflow so far this bullrun! #Bitcoin @cryptoquant_com https://twitter.com/DanielBjornadal/status/1363834340103380995?s=20But yes, ultimately it's bargain time. S2F still in place.
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LoyceV
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Activity: 3444
Merit: 17409
Thick-Skinned Gang Leader and Golden Feather 2021
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February 22, 2021, 03:12:04 PM |
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It's called a buying opportunity and you're supposed to feel good about it. I'm already more in BTC than I probably should be
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Parazyd
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February 22, 2021, 03:13:35 PM |
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roosbit
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Activity: 893
Merit: 43
Random coins :)
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February 22, 2021, 03:20:55 PM Last edit: November 15, 2023, 07:23:14 PM by roosbit |
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After being a scared cat for so long, you decide to buy some crypto at k56 just to fit in... now today you decide to look at your crypto portfolio and to show off but that dip on the charts makes you to start seeing things such as logo ressemblace to an empty wallet. jeez signal given, that cant be the future! Sometimes crypto teaches you to have a big heart, happy trading WO
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Parazyd
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February 22, 2021, 03:23:01 PM |
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After being a scared cat for so long, you decide to buy some crypto at k56 just to fit in...
now today you decide to look at your crypto portfolio and to show off but that dip on the charts makes you to start seeing things such as.
Sometimes crypto teaches you to have a big heart, happy trading WO
Stay strong
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JimboToronto
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Activity: 4144
Merit: 4786
You're never too old to think young.
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February 22, 2021, 03:37:36 PM |
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After being a scared cat for so long, you decide to buy some crypto at k56 just to fit in...
now today you decide to look at your crypto portfolio and to show off but that dip on the charts makes you to start seeing things such as logo ressemblace to an empty wallet. jeez signal given, that cant be the future!
Sometimes crypto teaches you to have a big heart, happy trading WO
What's this "crypto" crap. It's not about "crypto". It's about Bitcoin. It's also not about tarding. It's about hodling. <Batslap>
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BitcoinBunny
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Activity: 1540
Merit: 2766
Far, Far, Far Right Thug
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February 22, 2021, 03:37:52 PM |
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Not a bad bounce so far. Keep going please.
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vapourminer
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Activity: 4466
Merit: 3995
what is this "brake pedal" you speak of?
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February 22, 2021, 03:45:37 PM |
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Who bought below 50K? What a gift from the weak hand n00bs had an old buy order at 49.9k that popped. just luck and laziness on my part as i dont redo my sell/buy points often.
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Parazyd
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February 22, 2021, 03:47:18 PM |
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JohnnyUranus
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Activity: 130
Merit: 14
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February 22, 2021, 04:01:56 PM |
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Not a bad bounce so far. Keep going please. Wow, too bad I am out of merits, you got my last one for the "laser lady" pic
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