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Who's Holding BTC?

Discussion in 'The Bar' started by Hay, Aug 18, 2020.

  1. ian

    ian Well-Known Member

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    Historic moment, Bitcoin all time high (on all exchanges). There's no limit.
     
  2. Domain Forum

    Acorn Domains Elite Member

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    IWA Meetup
     
  3. Admin

    Admin Administrator Staff Member

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    Engaging 'price discovery mode'.....
     
  4. dee

    dee Well-Known Member Acorn Supporter

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    here you go. Just watched it happen.
    Screenshot 2020-12-16 at 14.05.18.png
     
  5. Hay

    Hay Active Member

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    @dee - do you see a repeat of December 2017 on the way? It is pretty much to the day!... Pump and Dump?!
     
  6. Admin

    Admin Administrator Staff Member

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    Everything is different though...
     
  7. dee

    dee Well-Known Member Acorn Supporter

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    @Hay Think its definitely due a decent retrace at some point very soon (especially now its hit ath) But think it's a different playing field now and will absolutely head skywards again. You've got lots of positive news and institutional investors jumping on board now. I'm just waiting to get back on board again after taking profit.

    Meanwhile there are daily pump and dumps on the minor altcoins to play with :)


    EDIT
    This could also just push straight on up. I was expecting a decent correction a couple weeks ago (which @Admin correctly called as just pushing on up to ATH) Meh.... it has to come down at some point (famous last words)
     
    Last edited: Dec 16, 2020
  8. Murray

    Murray Well-Known Member

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  9. Hay

    Hay Active Member

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    @Murray You could be right, if we don't see the bears soon then I suspect it will head for $25k
     
  10. ian

    ian Well-Known Member

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    Historic results show that we've mirrored past halvenings and we might see a strong run up from here, with $250k achievable in the next year or two. I cannot see any major correction outside of a world financial collapse this time around; there are just too many institutions buying as a hedge against failing currencies.
     
  11. Murray

    Murray Well-Known Member

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    I'm just trying to predict where there is support/resistance rather than where price will go

    20,800-21.5 I'm looking at as being the top for now but we shall see

    Maybe we will get a big blow off top at ~$30k before it collapses :cool: that would be quite spectacular
     
  12. twostepsbehind United States

    twostepsbehind Active Member

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    With global GDP at $80tn, Bitcoin going to $250k would mean a $4tn market cap i.e. 5% of global GDP - unlikely
     
  13. Murray

    Murray Well-Known Member

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  14. Admin

    Admin Administrator Staff Member

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    I read this yesterday:

    Bitcoin is the world’s sixth-highest used currency. It’s used more than the British pound. Its trading volume is six times that of the United States dollar. Cryptocurrency developers and venture capitalists use it almost exclusively. Every other digital coin is compared to it. Bitcoin is the gold standard of cryptocurrency

    Read More https://techbullion.com/4-indicators-that-will-drive-bitcoin-price-in-2021/
     
  15. dee

    dee Well-Known Member Acorn Supporter

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    I suspect now it'll pop up to top of channel. I was hoping it was going to head down this last touch of the bottom rung for a bit of a reset before the ATH next run up. Either way... not a great place to get in at mo so ill hold off either way. If it pops below the channel could be a bit of a sell off. Screenshot 2020-12-16 at 17.09.52.png
     
  16. dee

    dee Well-Known Member Acorn Supporter

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    Really ? What ...actually used to buy things ? As bullish as i am on BTC that seems unlikely to me somehow that its used more than GBP
     
  17. Admin

    Admin Administrator Staff Member

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    It doesnt mention buying things.
     
  18. dee

    dee Well-Known Member Acorn Supporter

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    Fair enough. It says 'used' more than gbp and traded as separate issues. Figured they meant used as a currency.
     
  19. twostepsbehind United States

    twostepsbehind Active Member

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    On CoinMarketCap, the 24h volume is always around $40bn, so how can it be 6th highest in the world.

    Is there another measure they used?
     
  20. dee

    dee Well-Known Member Acorn Supporter

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    Out of interest, for all those holding, are you just holding or taking profit and getting back in at any point ? For instance now after an ATH
     
  21. Murray

    Murray Well-Known Member

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    I sold 1/4 of what I have earlier today

    Probably far too early but it's nice to remove some risk and I think I'd be more annoyed if it collapsed from here and I didn't take some profit than if it shoots up and I miss out on a little extra money
     
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