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I thought we were talking about your original statement that the value of gold had nothing to do with it how it can be used?So in conclusion, gold and crypto and everything else under the sun's value is derived from nothing more than the perception of its value.
He thinks this is a gotchaI thought we were talking about your original statement that the value of gold had nothing to do with it how it can be used?
Going surfing, toodles!
I'm in and finally pulled the trigger on some FIL. Thanks for the tip (on the sweepstakes, not the FIL ) If I win ima go on a surf trip to https://www.bitcoinbeach.com/Reminder: Still time to get into the Coinbase sweepstakes. They are giving away a lot of money in USDC coins. No purchase necessary. Somebody has to win, why not take a shot?
Sweepstakes
Buy/Sell cryptocurrency - Coinbase
Coinbase is a secure online platform for buying, selling, transferring, and storing cryptocurrency.www.coinbase.com
Rules
Buy/Sell cryptocurrency - Coinbase
Coinbase is a secure online platform for buying, selling, transferring, and storing cryptocurrency.www.coinbase.com
I can't get to Smyrna on a weekday so he's got me. It's basically flat today in Duval.He thinks this is a gotcha
fSo in conclusion, gold and crypto and everything else under the sun's value is derived from nothing more than the perception of its value.
SHIB, You SAY?Gemini just put Shib on lol
This is likely due to some unease tied to the infrastructure bill combined with a lot of late to the party noobs not understanding what they bought into and getting cold feet. The rest of us will just sit on our hands and wait patiently and if nothing else BTFD.Bitcoin is dropping the market right now. Be patient as we might see mid to low 50s for BTC again, which would reset ALT prices again. Could take a week to get there, or we could be there by tomorrow. Depends on how the institutions want to play this.
yeah right, you'll paper hand and buy back in when it hits 100k. whales dump on the market repeatedly when the leverage is high, time and time again. FUD is like watching the TV news, pay it no attention and you'll be far better offThis is likely due to some unease tied to the infrastructure bill combined with a lot of late to the party noobs not understanding what they bought into and getting cold feet. The rest of us will just sit on our hands and wait patiently and if nothing else BTFD.
^This. I don't pay attention to news that much except the good news that can pump a coin like partnerships and listings. I do pay attention to leverageyeah right, you'll paper hand and buy back in when it hits 100k. whales dump on the market repeatedly when the leverage is high, time and time again. FUD is like watching the TV news, pay it no attention and you'll be far better off
^This. I don't pay attention to news that much except the good news that can pump a coin like partnerships and listings. I do pay attention to leverage
And as LoM stated, the exchanges and institutions like to knock out leveraged trades before real moves happen. When too many people are leveraged, they'll push their market in the opposite direction to liquidate them. When enough are liquidated, guess who is waiting to buy the bottom and push it back up? Same game every time.
Many metrics websites report all kinds of interesting info, although too deep for most, such as funding, long/short ratio, etc. These metrics tell a better story. Coinglass (formerly bybit) has a lot of good metrics. So does Binance although I don't trust theirs as much.
Top Futures Traders Position - Bitcoin Position -Coinglass
Top Futures Traders Position - Bitcoin Positionwww.coinglass.com
Bitcoin Longs vs Shorts-Bitcoin Longs vs Shorts Chart- Bitcoin Taker Buy/Sell -Coinglass
Bitcoin longs vs shorts ratio refers to the comparison between the exchange's active buying volume and active selling volume, which can reflect the sentiment of the Bitcoin marketwww.coinglass.com