There's a loss of trust in the industry? That'd be bad for it, I think.

Everyone thought it was the end of bitcoin as it started dropping from $20,000 to $3,500, but then he rebounded to $60,000, crazy.

Bitcoin is always like this, I am not even surprised at this point.

RIP longs

Thats why i dont do Bitcoin . I do not like shocks for the health of my heart

Cladi39 wrote: Wed Sep 08, 2021 2:02 am Thats why i dont do Bitcoin . I do not like shocks for the health of my heart

The safest way, I think one can trade Bitcoin is to go to Tradingview and compare it to all the major currencies: BTCUSD, BTCJPY, BTCNZD, BTCCAD, etc...
When it is performing weak against the 8 majors, that's an indication to sell. And vice versa, when you want to buy. Strength and weakness is the name of the game.

By the way, does anyone know of a broker that has Bitcoin paired against the 8 majors? My broker (FXChoice) only has BTCUSD. If I had the 8 majors in MT4, then I would be able to set alerts when BTC falls against the currencies. This would give an exact entry point and exit strategy.

ChuChu Rocket wrote: Wed Sep 08, 2021 1:24 am RIP longs

Imagine if someone would have compared this to the 8 major currencies, they could make a ton of money.

ChuChu Rocket wrote: Tue Jun 22, 2021 7:13 pm Bitcoin is going down like the Titanic & here are the memes

According to Stockhead, Bitcoin is "going down like the Titanic". Sounds like these guys have never seen a Forex chart before, but as Bitcoin continues it's move towards the downside due to China tightening its Crypto crackdown, some Crypto "Analysts" are blaming a once-in-a-lifetime "death cross" of two moving averages intertwining last week

Others who are pretending to be traders are doing just that and spending their day making memes (again)

Luckily I don’t trade it

naluvs01 wrote: Wed Sep 08, 2021 2:35 am The safest way, I think one can trade Bitcoin is to go to Tradingview and compare it to all the major currencies: BTCUSD, BTCJPY, BTCNZD, BTCCAD, etc...
When it is performing weak against the 8 majors, that's an indication to sell. And vice versa, when you want to buy. Strength and weakness is the name of the game.

That's a great idea mate, I have not thought about this comparison with currencies until you've mentioned it!

Why did it crash like that, was it because of El Salvador?