Bitcoin ahead of major inflection point (DROP!)?

[TreasureHunter]

Alessio Rastani's very interesting video on the extreme acceleration that Bitcoin is showing right now.

Gold showed the same signs last year in 2020, when I kept telling people that it's going to drop soon, but many didn't want to believe.

Technical video, worth watching:

 

[mmm....shiney!]

Just look at tether issuances to predict Bitcoin price

No.

 

[mmm....shiney!]

Good morning @66rounds.

Whoever is teaching you the stuff you sprout needs a smack in the back of the head.

And if you're self-meducating, then stop it.

 

[mmm....shiney!]

If Bitcoin corrects in any significant way, I'll throw a couple hundred at it just to make you happy.

Id be happier if you stopped spreading FUD.

 

[JohnnyBravo300]

Great day to stack some cryptos. Hope everyone took advantage!
I sold the last of my stock shares last week and put it all into litecoin and ethereum. Been a good run so far and holding for now.

 

[mmm....shiney!]

If you don't like the show, change the channel!

Mate, your posts are full of shit, they serve no benefit to anyone except to misinform and misguide.

If I could turn your channel off I would.

Now go and play with your rattle and leave the adults to talk sensibly.

 

[REDBACK]

Mate, your posts are full of shit, they serve no benefit to anyone except to misinform and misguide.

If I could turn your channel off I would.

Now go and play with your rattle and leave the adults to talk sensibly.

Instead of acting like SS self appointed Crypto God and chasing people away with your vitriol why not educate people as to why you disagree with a point of view.
That would certainly have x100 more value
Put it out there in the sunshine.
RB

 

[mmm....shiney!]

Lol, @REDBACK I’ve found there are a certain type of stacker that is more interested in confirming their bias than learning.

 

[Stoic Phoenix]

Just look at tether issuances to predict Bitcoin price

Why?

@mmm....shiney! .....why not?

Neither of you explained your stances and this is a learning opportunity for many.


Why I think its NOTa good way to predict price is the same as a lot of investment vehicles - there are many variables and tether issuances is not the be all and end all of BTC pricing.
EG -Papa Elons tweets swung price..nothing to do with tether

 

[mmm....shiney!]

@mmm....shiney! .....why not.

Coz you asked, new issuance of Tether can occur both when the price of BTC rises due to increasing demand or when the price is falling and people want to get out of the market into fiat.

 

[REDBACK]

@ shinny
You critised his comment so at least add your own explaination to educate others.
@everyone else 26k of BTC just transferred to Gemini no outflows at this time.
On face value that would seem bad for BTC but on Dec 12th 2020 when BTC was around 18k USD 38k of btc flowed onto exchanges marking the begining'S of BTC's price rise to 42k

 

[REDBACK]

Coz you asked, new issuance of Tether can occur both when the price of BTC rises due to increasing demand or when the price is falling and people want to get out of the market into fiat.

Are you saying
"Just look at Tether issuance to predict BTC price"

 

[mmm....shiney!]

Are you saying
"Just look at Tether issuance to predict BTC price"

No

 

[Stoic Phoenix]

He is saying tether issuance happens REGARDLESS of BTC price

 

[mmm....shiney!]

Someone smarter than me explaining it:

The asymmetric mechanics of USDT issuance can be clearly seen in this chart from Nomics:

Bitcoin has had a bumpy ride in 2020, with several price crashes and recoveries. USDT issuance increased both when Bitcoin's price was falling (in August-September, for example) and when it was rising (October-November). This is consistent with my case that USDT issuance increased to accommodate safe haven flows when Bitcoin's price was falling, and is now increasing to accommodate new investor demand as Bitcoin embarks on its latest bull run.

https://www.coppolacomment.com/2020/11/the-asymmetric-mechanics-of-tether.html

 

[sgbuyer]

Alessio Rastani's very interesting video on the extreme acceleration that Bitcoin is showing right now.

Gold showed the same signs last year in 2020, when I kept telling people that it's going to drop soon, but many didn't want to believe.

Technical video, worth watching:

Gold is just a small correction. It was above 2k for only a couple of days so the real peak is only about $1950+

But Alessio Rastani is saying bitcoin might repeat a 2017, a 90% drop.

 

[sgbuyer]

One of the best test for value is to ask yourself a question. Will you sell half year's worth of income in gold to buy that thing? If no, then it's not worth it.

 

[hawkeye1]

It's funny how a drop from 58 to 51 (at this time) doesn't even faze me. I hope it drops to 40, because I will be in there buying. Feels like 30 would be too much to hope for.

 

[mmm....shiney!]

But Alessio Rastani is saying bitcoin might repeat a 2017, a 90% drop.

I don't think he said that.

He is just arguing that at the moment there is too much risk compared to reward in the market when measured against his criteria. In fact he says that the price of BTC may not even fall and that the market will ignore his indicators and just push ahead to higher prices.

 

[sgbuyer]

Alessio Rastani is very conservative. Next round, I'll probably consider his crypto buy. Did he say anything about dogecoin?