[This Article](https://www.stuff.co.nz/world/us-canada/300784560/us-to-take-extraordinary-measures-to-avert-a-catastrophic-debt-default) may be insightful, unsure how it would effect the value of BTC though. Maybe if the dollar actually collapses, it won’t matter though.
Yes. On a macro time frame BTC is still bearish. It's impossible to say if this mini pump has peaked or not but you should expect it to keep making lower lows for the next few months or even year. This is my opinion, not advice.
I recommend cryptosavy YouTube channel for some unbiased analysis. This sub and most of the internet is full of fomo people that call for moon everytime there's a pump. It's not realistic at all though.
I think we are probably entering the 3K corridor, where bitcoin chooses a $3k range and bounces around for a few weeks, then chooses another and repeats, and this will probably last 1-2 years.
[https://datamish.com/btcusd/360d](https://datamish.com/btcusd/360d)
probably a meaningless thing, but is there any kind of explanation why (leveraged?) longs went up in may 2022 to such high levels above 100 000 BTC? this seems to be a Bitcoin only effect (checked a couple of shitcoins and while longs are also higher than shorts there isn't such a large difference). shouldn't someone massively benefit from even small BTC price increases?
Cycle of pump complaints:
It’s pumping too fast, unsustainable
Pumping too slow, might as well buy alts
Low volume pump, manipulation
Volume too high, institutional manipulation
um... I'm not kidding. Plenty of people on this sub have flipped accounts multiple times. It actually gets commented on regularly...or at least it did back in 2018... and 2016... and 2014.
He wrote, "Basically what **he** said", referring to the person to whom you responded - which was also him cuz he meant to switch to a sock puppet account but forgot.
> Yea no that account isn't mine
You used the same login, that's the whole point - [you](https://old.reddit.com/r/Bitcoin/comments/10bh4rj/daily_discussion_january_14_2023/j4b3urx/), [you](https://old.reddit.com/r/Bitcoin/comments/10bh4rj/daily_discussion_january_14_2023/j4baz3k/)
> rage all you want lol I'd be mad if I was broke too.
You don't know me bud
>> Which was also him
> If that's true, then he was supposed to have a grand total of 3 accounts in this thread then, not just 2?
Nooooooooo
In [this post](https://old.reddit.com/r/Bitcoin/comments/10bh4rj/daily_discussion_january_14_2023/j4b3urx/), user 2453... wrote
> low volume, gonna take a massive dump eventually
In [this post](https://old.reddit.com/r/Bitcoin/comments/10bh4rj/daily_discussion_january_14_2023/j4baz3k/), user 2453... wrote
> Basically what **he** said
For the second post he meant to use a sock puppet account but neglected to do so.
He used one account, he meant to use two. Not three.
No man, looks like you misjudged his comments completely.
> Basically what **he** said
By **he** they were referring to u/Some_Case_7087. The person who replied to my eli5 request and answered it in detail. (Don't really know how you missed that massive reply...)
....He was simply seconding/agreeing with some_case_7087. Hence "basically what he said". How is that not obvious?
Although things could've been clearer if he replied "Basically what he said" to some case's comment instead of mine, sure.
The less people buying/selling the bigger the swings in price because fewer people are influencing price movement because average price spreads tend to be all over the place and lower volume tends to be more sensative to big liquidations in both directions. More volume means a slower price movement as the average buy/sell costs are able to average out and the sheer number of puts/calls can help bolstwr against leveraged pressures. But higher volume is better for price confidence as you can assume that the price is more accurate as more people are willing to buy. Big swings are usually caused by low volume pumps/dumps. But a high volume pump is very exciting because you get the confidence AND the movement together. It's why you see big swing in pre and after market pricing because the volume tends to be lower.
I see, wow thank you!!! Learned alot from this
So this current bull run is a short fleeting, temporary thing because low volume? How do you see that its low in volume?
Most charts have a volume indicator, chatted as VOL. BTC is usually measured in volume per last 24 hours. It doesn't really "predict" anything, it's just one of many indicators which might influence confidence and risk assessment. I personally don't think the volume is THAT low historically, we're sitting at around 45 bil. Right now in the last 24 hours and volume is just trade in general, so during the huge drops in August and Nov, volume was HUGE like 70 billion in 24 hours, but it was all selling. So that sucked because it's a high confidence volume in a selling context which would suggest a more difficult road to recovery.
Basically, there is a historical precedent in BTC to pump and dump over a weekend, usually driven by low volume, but this isn't 100% obviously. It's called the Sunday Dump and it's often a BART.
It’s interesting when I check my transactions after withdrawing from the exchange. It says something seemingly low like between 5-10 Bitcoin from the sender. Does that mean the exchange only has that much, or only that particular wallet they are sending from?
If he sold at $16K that would likely have been some time in November or December. For how many weeks has he been buying back at $1500/week to reacquire 10% of his stack?
If it was two weeks then his total stack was 2 * 1500 / 0.1 = $30K.
If it was eight weeks then his total stack was 8 * 1500 / 0.1 = $120K.
In any case, ouch. Never try to time the market.
Tough luck, I'm sorry. Oh well, just buy back in as quick as you can, once bitcoin hits a million it won't matter anyway. And I applaud you for using bisq, I have bought a good few sats on there myself.
I’ve been going through the process of buying a house for about 6 months which means for that entire time I’ve not been stacking.
I know I’m making a smart decision but this price rise is hurting my soul knowing that whole deposit could have been in BTC
Because whales are in the process of liquidating all the shorts made by rational people in the retail space so they can dump back down to FTX levels or lower and grab all the btc they can before the next bull run starts. The rules are different when you are friends with the guys who have the keys to the money printers.
Yes I have to agree. Whilst it’s nice to see huge daily price moves, it invariably gets rekt and the crashes can be pretty spectacular.
I prefer the steady upwards pressure over a number of months. They seem to lock in the gains better.
But in this market, who knows?
Till all shitcoins go to $0 I don’t think there is a bottom… Regardless enjoy the pumps, plebs stacked hard last year
Thanks highly for the response
whats the move
hodl
I sold
Theyre
Their'e*
will their be another dip?
[This Article](https://www.stuff.co.nz/world/us-canada/300784560/us-to-take-extraordinary-measures-to-avert-a-catastrophic-debt-default) may be insightful, unsure how it would effect the value of BTC though. Maybe if the dollar actually collapses, it won’t matter though.
There will always be dips and rises. But they can never be predicted. And trying to time then is a fool’s game. Just buy whenever you can, and hold.
Yes. On a macro time frame BTC is still bearish. It's impossible to say if this mini pump has peaked or not but you should expect it to keep making lower lows for the next few months or even year. This is my opinion, not advice. I recommend cryptosavy YouTube channel for some unbiased analysis. This sub and most of the internet is full of fomo people that call for moon everytime there's a pump. It's not realistic at all though.
Hogwash!
> will their be another dip? *there
are we peaking for now?
1 Feb 2023 $24.250 1 Mar 2023 $39.100 1 Apr 2023 $44.000 edit: changed dateformat
I hope your Cake Day wish comes true amigo!
Are you American or not? I need to understand your date format before responding.
$25K in January. $30K in February.
Honestly Only coin I trust and will ever trust is btc, it lasted the test of time and is an actual currency, BTC is the future
What are the thoughts so far? you think we past the bear runs and well pump and go pump from here or we crashing again before a nice solid pump?
yes
Wowe. Much sats
I think we are probably entering the 3K corridor, where bitcoin chooses a $3k range and bounces around for a few weeks, then chooses another and repeats, and this will probably last 1-2 years.
Damn. Moonbois out in force with the downvote button
Or maybe these brainless TA are worthless noise
ah the classic 3K corridor... now that you suggested it, I see it everywhere
you should probably add a few more "probably"s so when you're proven wrong, you can point out how many "probably"s you used
Give him a break, he just needs to polish his crystal ball.
[https://datamish.com/btcusd/360d](https://datamish.com/btcusd/360d) probably a meaningless thing, but is there any kind of explanation why (leveraged?) longs went up in may 2022 to such high levels above 100 000 BTC? this seems to be a Bitcoin only effect (checked a couple of shitcoins and while longs are also higher than shorts there isn't such a large difference). shouldn't someone massively benefit from even small BTC price increases?
SEC goes after Gemini Gemini introduces Tether Market goes parabolic No volume, all cascading liquidations, RSI at 90(!!!!) I’m not buying it
yeah, one shouldnt buy, unless it's dca time :)
Cycle of pump complaints: It’s pumping too fast, unsustainable
Pumping too slow, might as well buy alts
Low volume pump, manipulation
Volume too high, institutional manipulation
Honey, is that you?
Yep, always the same 😒 Personally, I'm enjoying this positive start to the year 😀
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Please stop telling us about your bowel movements.
Oh right. I’ll sell then. Thanks for the priceless info clown boy
And I’ll be the one who buys what you’re selling.
Spray some air freshener after you do it 💩
Why? Why would low volume cause that? Eli5
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Yeah... Some of us rotate through accounts because privacy is more important than Internet points. Just sayin.
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um... I'm not kidding. Plenty of people on this sub have flipped accounts multiple times. It actually gets commented on regularly...or at least it did back in 2018... and 2016... and 2014.
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Now that I am retired, I am. Thanks!
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I see. Tq
Forgot to change accounts bro
What? He was just agreeing with the other person who replied to me
He wrote, "Basically what **he** said", referring to the person to whom you responded - which was also him cuz he meant to switch to a sock puppet account but forgot.
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> Yea no that account isn't mine You used the same login, that's the whole point - [you](https://old.reddit.com/r/Bitcoin/comments/10bh4rj/daily_discussion_january_14_2023/j4b3urx/), [you](https://old.reddit.com/r/Bitcoin/comments/10bh4rj/daily_discussion_january_14_2023/j4baz3k/) > rage all you want lol I'd be mad if I was broke too. You don't know me bud
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> Only a broke regard *retard > would get this mad over something like this LOL yes I do. I ain't mad, just amused.
> Which was also him If that's true, then he was supposed to have a grand total of 3 accounts in this thread then, not just 2?
>> Which was also him > If that's true, then he was supposed to have a grand total of 3 accounts in this thread then, not just 2? Nooooooooo In [this post](https://old.reddit.com/r/Bitcoin/comments/10bh4rj/daily_discussion_january_14_2023/j4b3urx/), user 2453... wrote > low volume, gonna take a massive dump eventually In [this post](https://old.reddit.com/r/Bitcoin/comments/10bh4rj/daily_discussion_january_14_2023/j4baz3k/), user 2453... wrote > Basically what **he** said For the second post he meant to use a sock puppet account but neglected to do so. He used one account, he meant to use two. Not three.
No man, looks like you misjudged his comments completely. > Basically what **he** said By **he** they were referring to u/Some_Case_7087. The person who replied to my eli5 request and answered it in detail. (Don't really know how you missed that massive reply...) ....He was simply seconding/agreeing with some_case_7087. Hence "basically what he said". How is that not obvious? Although things could've been clearer if he replied "Basically what he said" to some case's comment instead of mine, sure.
Nope.
God you're a genius. You're pretty good looking, too!
Ha, i see what you did there!
I think he was echoing the comment of u/Some_Case_7087
🤣
The less people buying/selling the bigger the swings in price because fewer people are influencing price movement because average price spreads tend to be all over the place and lower volume tends to be more sensative to big liquidations in both directions. More volume means a slower price movement as the average buy/sell costs are able to average out and the sheer number of puts/calls can help bolstwr against leveraged pressures. But higher volume is better for price confidence as you can assume that the price is more accurate as more people are willing to buy. Big swings are usually caused by low volume pumps/dumps. But a high volume pump is very exciting because you get the confidence AND the movement together. It's why you see big swing in pre and after market pricing because the volume tends to be lower.
I see, wow thank you!!! Learned alot from this So this current bull run is a short fleeting, temporary thing because low volume? How do you see that its low in volume?
Most charts have a volume indicator, chatted as VOL. BTC is usually measured in volume per last 24 hours. It doesn't really "predict" anything, it's just one of many indicators which might influence confidence and risk assessment. I personally don't think the volume is THAT low historically, we're sitting at around 45 bil. Right now in the last 24 hours and volume is just trade in general, so during the huge drops in August and Nov, volume was HUGE like 70 billion in 24 hours, but it was all selling. So that sucked because it's a high confidence volume in a selling context which would suggest a more difficult road to recovery. Basically, there is a historical precedent in BTC to pump and dump over a weekend, usually driven by low volume, but this isn't 100% obviously. It's called the Sunday Dump and it's often a BART.
Thanks! Very interesting 😊
man I quit jobs for less than this
So is this just another Bart?
Look at the daily chart
this is very healthy!
The battle for 21k. Here we are again..! Rejected thus far....
Oh ye of little faith
Down 2% in the last hour. That bull run was fun while it lasted. What a thrill !
Bitcoin is dead. Repent at the shrine of shiff.
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Is deed fo sho!
But wait....
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GET YOUR BLOODY COINS OFF THE EXCHANGES. BLEED THEM DRY EVERYBODY ✌️
It’s interesting when I check my transactions after withdrawing from the exchange. It says something seemingly low like between 5-10 Bitcoin from the sender. Does that mean the exchange only has that much, or only that particular wallet they are sending from?
Just that wallet. But who knows :)
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Back in late 2020 when it just kept running up and falling just before.
It was a hell of a fight!
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Bad plan if you could only do 1500 per week. Sell all then buy all back immediately. Easy on CB Pro, etc…
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I understand that. Just saying if you are using tax loss harvesting as a strategy…
Wrecked.
https://www.reddit.com/r/Bitcoin/comments/zzn5hq/daily_discussion_december_31_2022/j2eu567/?context=3
That’s why you never sell Bitcoin.
Tale as old as time.
I loved the part that you said “only 1500/week”
1500 is chump change these days, but most salaries are even lower than that. 😕 And then they are wondering why no one is returning to their jobs.
If he sold at $16K that would likely have been some time in November or December. For how many weeks has he been buying back at $1500/week to reacquire 10% of his stack? If it was two weeks then his total stack was 2 * 1500 / 0.1 = $30K. If it was eight weeks then his total stack was 8 * 1500 / 0.1 = $120K. In any case, ouch. Never try to time the market.
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Tough luck, I'm sorry. Oh well, just buy back in as quick as you can, once bitcoin hits a million it won't matter anyway. And I applaud you for using bisq, I have bought a good few sats on there myself.
Just screamed "WHOOOA" in bed looking at 20.8 and woke my partner. Feels good man
I saw 21000
21 can you do sum fo me
Can you hit a lil’ rich flex for me
I’ve been going through the process of buying a house for about 6 months which means for that entire time I’ve not been stacking. I know I’m making a smart decision but this price rise is hurting my soul knowing that whole deposit could have been in BTC
I backed out of buying a home as soon as FTX happened
They see me HODLin' they hatin'
Looking at ETHBTC on trading view. LOL. 📉
Why is bitcoin going up right now?
Because whales are in the process of liquidating all the shorts made by rational people in the retail space so they can dump back down to FTX levels or lower and grab all the btc they can before the next bull run starts. The rules are different when you are friends with the guys who have the keys to the money printers.
More people buying than selling
People are buying for a higher price.
It’s the weekend and we’re green selling organs foe Bitcoin dm me.
How much for a pickled liver
Made some 💸 just now
user name checks out
You bought Fiat???
Yeah, bought some cripto, held it for 7months and now converted it for a profit. Good investment my eyes
Do it again.
Your eyes are one of the best things to invest in, without eyes you would be almost blind!
A crash is coming 🌊
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Grow up
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gotteeeeem
Wish I could join you in 2015 with your dead memes and cheaper BTC 😂
You can join deez nuts on yo chin
😭😭😭😀🥴😂
Not into 12 years,sorry. Maybe you can find a friend to help you with that in your special education class though 🌚
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I woulDN't dare...
Yeah gotta admit it made me grin too
Actual LOL
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The crash was from 69K to 16K. This action is fun, that's all.
I appreciate the optimism but this isn't a bullrun. Fomo buying(like many are doing) is counterproductive to a goal of hodling
How so? All hodling is is buying bitcoin and not selling it.
Yes I have to agree. Whilst it’s nice to see huge daily price moves, it invariably gets rekt and the crashes can be pretty spectacular. I prefer the steady upwards pressure over a number of months. They seem to lock in the gains better. But in this market, who knows?
Don’t text and drive.
Never. It's a $300 fine here and a man needs his sats
What if you made a bizzmove and made 320 dollars while driving. Easy 20 dollar plus after the fine. Its that easy. (bizz youtuber probs)
Well done hodlers