Bitcoin

[goose]

"Bitcoin went past $23,000 today. I've made just over £400 today trading it from the comfort of my sofa. other cryptocurrencies have been flying as well. short term fad or long term alternative currency??"

[Too Much Too Young]

I've come into a few quid. Mate reckons now is a good time to get a bitcoin. I have no idea about this shit.

[Northern Sold]

Make that 14%... Give me a B... O.. O... M...

[bigst]

Up another 10% today

[Northern Sold]

I3e up 20% in 2 days trading... errrr booom

[Vexed]

They've banned a company owned by Binance operating in the uk. Binance currently doesn't operate in the uk at all. The 'ban' is of no consequence. The FCA are probably trying to make up for the indiscretions around the OneCoin scam where they basically got a load of people scammed by giving an obvious scam firm the green light. The twats.

[mashed in maryland]

Remember I said a few months back on here that the British government might be the first one in the west retarded (or devious) enough to try and ban cryptocurrencies? Well looks like it's beginning: https://www.bloomberg.com/news/articles/2021-06-27/u-k-financial-regulator-bars-crypto-exchange-binance

[DagenhamDave]

USD that is

[DagenhamDave]

Think it'll settle at the 28-30k mark for a while.

[DagenhamDave]

ChillTheKeel 7:30 Fri May 21 This drop was nothing to do with China or Elon or any of the other crap that goes around. It was overbought pure and simple. Needed to come back to earth for a while. Too many leveraged longs in a market and someones gonna come along and pull the rug from underneath you.

[ParadiseLost]

Interesting article Camel. That’s a lot of liquidations. Been some analysts kicking Crypto over the past few days (JPM in particular) and some suggestion if rotating into Gold as being a better trade. With markets like Crypto and the big moves presumably stops don’t work. The leverage multiples are pretty eye catching but I guess with big short term movements that can be good money for quick plays. It did make me wonder if the strategy of using the margin liquidation as the bottom barrier and the unlimited upside might be a game some might be playing.

[camel-with-3-humps]

https://www.livemint.com/market/cryptocurrency/crypto-meltdown-turbocharged-by-mix-of-leverage-and-liquidations-11621504467013.html This article is spot on PL.

[camel-with-3-humps]

"Paradise Lost It's not a great mystery. It's inexperienced capital that over leverages and you get these giant liquidation runs. People talk about China and events etc but often (not always) it is a key support level going that causes these falls. Bigger traders also catch the breakout traders and other small traders by causing swing failures as they need liquidity. The bigger trader is quite sophisticated at getting the liquidity it needs to avoid horrendous slippage. It usually falls to a recognised support level, which today is 35K. If it falls through that then there will be a massive downturn."

[ChillTheKeel]

Why does it fall whenever the media report that China is 'cracking down on BTC' again for the billionth time? It's not news.

[ParadiseLost]

Stomach or stupidity Vexed?

[Vexed]

I think it's clear that you don't have the stomach for this PL. Have you thought about Premium Bonds instead?

[brabrook]

ChillTheKeel 9:26 Fri May 21 Whiney Drips LOL Brilliant retort

[ParadiseLost]

"Cheezey hear what you are saying but in the past hour its gone down 10%. Generally thats considered a dump, but for Crypto its a mid (US) morning burp. The range on the day is 37,096.574 - 42,172.17 a 14% range."

[Cheezey Bell-End]

"Nice that we're all getting on so well... BTC seems to have stabilised for now. Hopefully it has hit bottom. One of these days, it will dump and I'll be ready for it. Until around new year, BTC had been on a long slow climb. Then there was a period of volatility and all time highs, sparked in part by Musk's tweets. That volatile period looks to have ended. Hopefully now it continues as before for a while."

[ChillTheKeel]

"brabrook 9:17 Other than the fact I disagree with almost everything he says, you're bang on. That said, at least he makes me laugh, unlike the whiney DRIPS like you who are slowly morphing this place into KUMB Mk2"

[Vexed]

"There he is, the bloke that told everyone to buy BCH. Surprised you've got the brass neck to return really."

[camel-with-3-humps]

Vexed ... Everyone is now calling you a cսnt. Time to apologise and then fuck off out this thread.

[camel-with-3-humps]

Vexed ... Everyone is now calling you a cսnt. Time to apologise and then fuck off out this thread.

[ParadiseLost]

"True Dagenham but the Chinese message was ramped up. To quote Counbase ‘China’s crypto warning on Tuesday may look similar to previous notices. However, it conveys a pointed message to commercial banks and payment companies that have been friendly to crypto-related businesses.’ ‘ The National Internet Finance Association of China, the China Banking Association and the Payment and Clearing Association of China published a notice saying member financial institutions should not provide services to crypto-related transactions or investment funds’ That doesn’t kill Crypto in China, but it doesn’t help. Add in the US statement (including Biden’s) about potentially making Crypto transactions over $10k reportable to the IRS and there is a slow drip of tightening."

[DagenhamDave]

Block 2:37 Thu May 20 Re: Bitcoin Is it true China has banned Bitcoin? Yes. For fourth year in a row... Not news

[Vexed]

"brabrook 9:17 Thu May 20 I haven't been aggressive brabrook son, I think you're letting past losses cloud your judgement."