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The cryptos are rallying again. They seem to react like gold or other safe havens during market turmoil, which is interesting and a little curious.
 
tsptalk said:
The cryptos are rallying again. They seem to react like gold or other safe havens during market turmoil, which is interesting and a little curious.
Click to expand...

I noticed that too. Some people say it is like gold because of limited supply. I want to buy more but it just keeps going up. Guess I should just dollar cost average into it.


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Litecoin hits a record high and is up nearly 1,400 percent this year
https://www.cnbc.com/2017/08/29/litcoin-price-hits-record-high.html

  • Litecoin hit a record high of $64.2 on Monday and has rallied 1,400 percent since the start of the year
  • Differences between bitcoin include speed of transactions, size of supply, and use case
  • Litecoin creator Charlie Lee says that he sees the cryptocurrency being used for purchases whereas bitcoin is more a store of value
 
Yeah, litecoin was boring everyone for months until... boom! Those cup and handle formations have worked well on cryptos.

082917d.gif
 
Just hit an all time high of $4800 and still climbing. My bet it it gets over $5000 this weekend and never looks back. The word is starting to hit mainstreet. People are talking at parties and gatherings. Word is spreading. The people who are taking the time to research Bitcoin soon see the amazing potential to change the world forever. This can't be stopped by governments or the central banks. Nothing can stop this.

This is just getting started too. The people who are calling bubble a at $4000 will be buying at $10,000.

Opportunities like this only come around once in a lifetime....... if you are lucky.

I am so lucky I stumbled onto it last year and spent a lot of time reading and learning about it. I could have easily blew it off, but luckily I saw the light! :smile:

I stick by my prediction of $10,000 by sometime in October. Am I crazy? We shall see! :D
 
1965Vintage said:
Just hit an all time high of $4800 and still climbing. My bet it it gets over $5000 this weekend and never looks back. The word is starting to hit mainstreet. People are talking at parties and gatherings. Word is spreading. The people who are taking the time to research Bitcoin soon see the amazing potential to change the world forever. This can't be stopped by governments or the central banks. Nothing can stop this.

This is just getting started too. The people who are calling bubble a at $4000 will be buying at $10,000.

Opportunities like this only come around once in a lifetime....... if you are lucky.

I am so lucky I stumbled onto it last year and spent a lot of time reading and learning about it. I could have easily blew it off, but luckily I saw the light! :smile:

I stick by my prediction of $10,000 by sometime in October. Am I crazy? We shall see! :D
Click to expand...

You may be right. All the cryptos are nearing overbought via RSI that's almost 80. We should see at least a short term pullback soon and I'll be looking to buy. It is a little scary looking at the chart going straight up exponentially


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pmaloney said:
GBTC had quite a volatile week or two. :smile:
Click to expand...

There was a hit piece on GBTC yesterday on Fast Money. The thought was the stock was going up too fast in comparison to bitcoin and there are other risks to consider like they don't have insurance?

https://www.cnbc.com/video/2017/08/31/short-seller-andrew-left-targets-grayscales-bitcoin-trust.html

Buying opportunity, or was that the pop of the bubble? The decline filled 2 open gaps. I suspect as long as the cryptos are rising, this will hang in there.

I don't own any at this time and have been waiting for a pullback, but I'm loaded up on the GAHC dog. It has done little lately despite the rise in btc and ether recently, although the chart may be suggesting that it may be consolidating before it's next move. But that hit piece may put a bad taste in investor's mouth.
 
tsptalk said:
There was a hit piece on GBTC yesterday on Fast Money. The thought was the stock was going up too fast in comparison to bitcoin and there are other risks to consider like they don't have insurance?

https://www.cnbc.com/video/2017/08/31/short-seller-andrew-left-targets-grayscales-bitcoin-trust.html

Buying opportunity, or was that the pop of the bubble? The decline filled 2 open gaps. I suspect as long as the cryptos are rising, this will hang in there.

I don't own any at this time and have been waiting for a pullback, but I'm loaded up on the GAHC dog. It has done little lately despite the rise in btc and ether recently, although the chart may be suggesting that it may be consolidating before it's next move. But that hit piece may put a bad taste in investor's mouth.
Click to expand...

Perhaps the pullback has started? Eth failed at new high.. maybe it'll form another head and shoulders


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Yeah. I sold my bitcoin when I got home last night... a bit of a panic sell at $4667 when I saw it coming $300 off the highs, and I didn't want to wake up and see it down $1000. It seems to have stabilized where I sold it and I'll likely regret it, but I'm going to hold off too, and see how the weekend goes.

I sold my ether at $349 several days ago and it took off after that, but it's settling back to that area.

All cash right now.
 
Bitcoin is falling in sympathy with Ethereum because of China's ban on certain ICO's. This has little to do with bitcoin so I believe this is a good opportunity to get some bitcoin cheaper.

How much more this impacts ethereum, I don't know but bitcoin is stabilizing (down 4% today) while ethereum is down 13%.
 
tsptalk said:
Bitcoin is falling in sympathy with Ethereum because of China's ban on certain ICO's. This has little to do with bitcoin so I believe this is a good opportunity to get some bitcoin cheaper.

How much more this impacts Ethereum, I don't know but bitcoin is stabilizing (down 4% today) while ethereum is down 13%.
Click to expand...


I agree 100% I believe China did this to create a buying opportunity for themselves on Bitcoin!
 
I've been in and out of btc and ether all weekend. Good times. :)

This is a 15 minute chart of bitcoin on GDAX. I see a head and shoulders pattern that completed, tested the head, and now could have a downside target near $4100 if that neckline is tested and breaks...

090517b.gif
 
I'd say in these areas... $4225- $4200 - $4175. It could be a bear flag, however.

This chart was captured a couple hours ago. btc is back up to $4424 as I write this.

090817a.gif
 
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