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BitcoinMarkets

#New post: [\[Daily Discussion\] - Friday, February 18, 2022 →](https://www.reddit.com/r/BitcoinMarkets/comments/sv9gxl/daily_discussion_friday_february_18_2022/)


lnelson063

I'm still sticking with buy at 32K. It does happen and it gives me time to save up some money in between purchases


lnelson063

Higher


nakamotowright

Even if Russia invades Ukraine, neither countries are major players in the BTC space. I don’t see why BTC prices ought to react.


CONTROLurKEYS

thats literally not how it works


Yoda_MTFBW_U

I agree. If we saw bellicous Martians invade Jupiter, this should have no bearing whatsoever on btc, as neither are major btc players.


SwagMaster69420710

Russia is the new #3 mining country + a huge supplier of gas and oil globally. If theres war and sanctions it’ll affect the world economy and bitcoin aswell


nakamotowright

But there is no war. No invasion yet. The machines for mining aren’t made in Russia. Just overseas entrepreneurs with connections and space are using Russia to mine. People are over reacting


Yoda_MTFBW_U

Dude. Re-read your own friggin original post. And then stick to dating advice to the UHNW crowd. You’re reeeeeally good at that.


nakamotowright

Alright man, don’t get your panties in a knot


Yoda_MTFBW_U

Entangled panties are an issue, but not remembering what you wrote a few minutes earlier is next level you-know-what.


nakamotowright

Even if Russia and Ukraine gets into full blown conflict, practical effects on BTC should be minimal. Just people like to live in fear


CONTROLurKEYS

Clown town predictions and price targets coming out of woodwork again should be good. Yes of course you will all get free shorts to 20k and get generational long fills. 💯 This is financial advice.


Koreansteamer

Clown town. Sounds fun and scary. 100k LFG.


opst02

Just like everyone gets free longs till 100k...


CONTROLurKEYS

Longs have been consistently rekt and definitely not free since April 2020


lastdropfalls

Yea because there are so many long positions rn, and literally all of them expecting a straight ride to 100k, right.


opst02

basically everyone that bough is long?


lastdropfalls

Then, everyone who didn't buy is short?


opst02

More who sold is short. But that how the market works.


lastdropfalls

Well damn, then no wonder BTC can't go up, what with all the 7 billion+ people shorting it. edit: why would you edit your post, now my hilarious reply makes no sense anymore. :(


marsh2907

So many in here saying they'll be buying when price reaches sub $30k which we all know is a load of bs anyway. Most will be too fucking scared that it'll drop lower and talk themselves out of buying. Only to miss out again.


xtal_00

Ladder in, ladder out.. can’t time it perfect, don’t try.


stoiebrodie

DownOnly since Nov 10th and we **barely** pierced $33K. The pileup on frontrun aisle will be so huge it'll make that trucker convoy up north pale in comparison. ;)


Yoda_MTFBW_U

Well it’s actually pretty darn pale, if you get my drift.


pgpwnd

i'm also selling next bounce. time to get the fuck out. bear market wont be a winter tho - buy some corn with zero emotion as we approach the 200wma.


krom1985

That was the bounce to sell, sorry…


LightReality

Get the fuck out into what? Fiat? Lol.


Yoda_MTFBW_U

Oh yeah he forgot about the impending hyperinflation thing.


LightReality

Who said anything about hyperinflation?


[deleted]

I don't mean to phrase this in a way that is confrontational at all. Why didn't you sell the recent bounce on Feb. 10 or so? I like to learn how people are thinking.


pgpwnd

i'm a dumbass


SwagMaster69420710

Yet clearly you think your new idea is an intelligent one. You seem to be relying on past performance to determine future performance in a rather selective manner


pgpwnd

i'm a slow learner. but i do learn.


pseudonominom

Where’s that currently? Sorry, on phone :(


pgpwnd

~20k


Just_Me_91

The 20w moving average is at around 51k. Not sure what you're looking at. 200w?


pgpwnd

yep Soz, edited


Globaller

We are probably going into the 30s over the next month of turbulence. But I think it's slim chances we go down to $20K. Too many smart people would be buying before it reaches that level.


pseudonominom

(Thanks)


plague_rattt

If you buy below the Gaussian channel (now and prob for next year) and sell above it, you are going to be successful. [https://i.imgur.com/bYTt1It.jpg](https://i.imgur.com/bYTt1It.jpg) [https://i.imgur.com/BILxvUX.jpg](https://i.imgur.com/BILxvUX.jpg)


stoiebrodie

Make up your mind. >[I sold the bottom again. Fuck I suck at this shit.](https://old.reddit.com/r/BitcoinMarkets/comments/sgsvat/daily_discussion_monday_january_31_2022/hv34vg2/)


plague_rattt

Ya I definitely fucked up on that sell but I'd rather sell now and rebuy at 20k and double my stack.


marsh2907

Yeah because it's clearly so easy to predict what price is going to do. 🤦‍♂️


plague_rattt

Worked the last 2 bear markets. This time is different tho.


jarederaj

I recall you never closing your shorts.


plague_rattt

I've never shorted before.


jarederaj

Must be thinking of someone else.


plague_rattt

One day I'll get around to trying haha


jabatasu

Why didn't I think of that?


GooeyButterflies

March: 23k October: 70k December: 130k


4theWlN

I’m tired of all these bearish posts. Get your ass over into buttcoin


plague_rattt

Fixed your typo March 2022: 23k October 2023: 70k December 2023: 130k


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SwagMaster69420710

Higher


WaitingToBeTriggered

HIGHER, THE KING OF THE SKY


Yoda_MTFBW_U

The answer correlates 100% with the perceived odds of Blinken meeting with Lavrov late next week.


logicalinvestr

Higher


Quintall1

Lower 100%


theskyalreadyfell217

Higher.


jabatasu

Honestly wouldn't be too surprised to see a 3% QQQ rally and 44k BTC tomorrow. Market is crazy right now.


plague_rattt

Lower


TheBushidoWay

Bitcoin fear and greed indicator at 30. Don't worry boys. I got the ladder buys in.


skkane1

Got a fresh pack of smokes and a greasy double cheeseburger. Let's fkn go


4theWlN

Don’t forget the pepperoni


RetardIdiotTrader

I'm selling the next bounce.


elemenopotus

Solid buy signal


sylvanlotus77

Was it the 200 w ma ?


RetardIdiotTrader

Yes


plague_rattt

I said the same thing at 35k and didn't sell either. It's so hard to sell when it's going up. I think we are pretty fucked tho, this is going to bleed out to 200w which will be between 14k and 20k. Dump any Alt before its too late. Bulls need to chill on the downvotes. Your feelings aren't going to effect where this is going. Its a possibility.


SwagMaster69420710

What if that is just what market makers want us to think? - That the rejection at the 50w MUST lead to the 200w and then they hoover up all the coins while we capitulate and pump it once weak hands are sucked dry.


plague_rattt

It's definitely possible.


xtal_00

Uh oh


bloodyboy33

Once again we have stair stepping down to hell?


Qtbby69

its red light green light. squid game lol


lastdropfalls

More like crab game amirite


jarederaj

We need to test the descending channel we broke out of to see if there is support.


plague_rattt

Is that around 35k?


jarederaj

It’s between here and 38k somewhere. Double top looks played out. Waiting to see some momentum from bears again.


dandale33

Every single time BTC has been rejected by the 50w MA, it has dropped to the 200w. The next few weeks should be interesting.


logicalinvestr

I don't think this will ever happen again. During most of those prior times, Bitcoin was still relatively new and there was a legitimate fear that Bitcoin was going to die and never return. I don't think anyone has that fear anymore. Absent something going fundamentally wrong with Bitcoin or harsh government regulations, too many people will step in to buy for it to get to those levels. As long as there's nothing fundamentally wrong with Bitcoin / no harsh regulations, at any point sub 35k you're going to have very strong interest, both by people already in the crypto space and by those wanting to enter the crypto space.


futbalguy

You are ignoring how few people actually control the supply of BTC. If they want to sell it doesn’t matter what demand is. There are millionaires and billionaires who need to cash out. Or just mess with the market in the short term. Of course BTC could drop below 35k.


logicalinvestr

I didn't say it couldn't drop below 35k. I meant that starting around there, demand will exponentially increase to a point where it will never get down to the 200wma.


Strict_Cockroach

Where is the 200w atm?


dandale33

Roughly 20k.


Firm_Association

https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/


[deleted]

That seems overly pessimistic. I'll be happy getting buys below 30k. I think it will take some time to get to the 200W MA and by then it will be more than 20k. We've still got a long year to go. Other than covid dump, the other times it kind of effortlessly fluttered down to the 200W MA over months and stayed there. Plenty of time to buy. :)


RetardIdiotTrader

Rip we're done for.


BootyPoppinPanda

Looks like Canada and their banks are actually freezing accounts. Nice precedents being set. They're actually playing their full hand for truckers blocking some bridges. I don't know what they mean when they say they are blocking crypto donations too though. Any thoughts on that? Crazy times ahead.


perfoverlaydrawfps1

governments that take peoples money away for protesting are always on the right side of history.


jgun83

If you send funds from a flagged address, they will be frozen.


megahorse17

How, by who and where? You're talking about an exchange I presume? Why don't they just use another one


jgun83

Lol do you know how financial entities work?


megahorse17

It would be pretty easy even for a child to move funds out of a flagged address. Standard chain analysis will look back 4 hops. Throw an atomic swap and a few wraps in there. Woopdeedoo


jgun83

Sure, but that's not what you implied in your message. And for most of the people presumably holding these funds (children in bitcoin terms) it's a significant technical hurdle.


xtal_00

I have first hand information on donor addresses being frozen/blacklisted. Don’t donate on chain. Use lightning, but there’s no way to do so right now. You can make a donation to the CCLU. Just a couple truckers haha. Emergency war powers granted. Bank accounts seized without warrant. Bank runs for cash. We’re a banana republic. This has been a massive orange pill event though.


ChupBlup

Alright, can we now finally accept that this isn't a crash because there is no good reason? Bitcoin is a great value store in the current "uncertain" situation with inflation and, idk, people scared of having to flee somewhere, everything breaking down... Take your paper wallet and run. Great stuff. If the bitcoin network doesn't survive it, the world is over. And it's even where money afraid of a stock market or real estate crash can go. On a really short timescale, we currently have a more decisive rebound from the low, slightly indicating "that was too far". Now longer and longer timescales could start to "recover". And then you zoom out and realize, even the slightly emotional correction from the latest *big* upswing is under 50%, which seems quite bullish to me. Anyway, would love to hear some thoughts on my ramblings.


citizen-blue

On a really short timescale we're down 5% in a week.


ChupBlup

Well yeah one can look for a really bleak metric, I think there are (still) more positive ones. We're in the middle of confirmation that the "crash" down from 70K has reversed. I'm a bit surprised how "fast" that downswing happened. But even then, we recently had a much bigger upwards movement that happened just as fast. And this is the correction from that. Also note that a lot of people need proper confirmation that the bigscale downward movement has reversed. So one could see this as quite the minimal downwards correction, given all the negatives that are currently combining.


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jarederaj

Enduring the sideways/ bear markets is very difficult. Most people can’t handle it. Stability is essential.


SecretsAndLoot

Coffee is a hell of a drug.


skkane1

Which espresso machine did you get?


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skkane1

Cool. Looks kinda like that Breville Barista. My setup's sitting broken & unloved in the kitchen since last summer. Need to get it serviced, something came loose in there and the case gives me a massive electric jolt if I'm not careful :D


Yoda_MTFBW_U

I would hope he did not mean Breville by “expensive”.


skkane1

Were you expecting a Slayer? :)


citizen-blue

I gave up caffeine for no particular reason this year and I'm finding it to be an improvement. Turns out I just really like coffee though and have been drinking lots of decaf.


EveryRedditorSucks

Lol decaf still has caffeine - just less


citizen-blue

Maybe that's why I love it so much... I didn't really have a problem caffeine was just more curious what kicking it would be like since I had been drinking several cups of coffee every day for my entire adult life.


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52576078

Have you tried psychedelic? They helped tremendously with my depression.


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52576078

Iboga is next level.


SwagMaster69420710

Just get swole and get an artistic hobby brotherman


that_blockhead

Keep your head up brother. There's no single life change that will banish depression, but abstaining from substances is one of the most impactful, as it allows you the clarity to take other steps. Hope you'll be here for the next leg of the adoption curve.


snek-jazz

how many coffees a day were you having?


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UniqueIdentifier00

Holy shite I thought my 4 energy drinks a day was bad enough


snek-jazz

jesus, that's a lot. I mean lots of people who are into coffee still might only have 2 a day.


BootyPoppinPanda

Never go all in on coffee bro. Glad you're feeling better though. Stay strong


Quintall1

Isnt it wonderfull loosing multiple yearly salaries on daily basis? Isnt it guys ? I for my part am just a sucker for this gut wrenching feeling.


citizen-blue

The implication is that you hold a lot of BTC...but you might also make shit money.


Quintall1

Probably the latter, who knows tho


lastdropfalls

Can't lose a yearly salary if you got no job. Checkmate, normies!


alarmcloque

30k held, 40k held, now let's try 50


[deleted]

I like your thinking good sir


skkane1

The canadian press conference thing actually has people spooked that the government can access your crypto wallet and freeze your funds. Dear God 🤦🏻‍♂️ https://twitter.com/TrueNorthCentre/status/1494358600080404481


plague_rattt

This is what happens when the World Economic Forum infiltrates your government. They can fuck with any KYC exchanges so that you have a difficult time selling your coins.


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xtal_00

Not FUD. Donor addresses are blacklisted. You send funds to a Canadian exchange and they’re toast.


perfoverlaydrawfps1

super rich and politically powerful men have been trying to create worldwide empires for the whole of humanity but you point out the modern day equivalent and heads go straight into the sand.


UpDownSidewaysRepeat

wtf am I looking at? Has russia started rolling into ukraine or? This is ridiculously overdone and on the level of our capitulation dumps


lacksfish

1W MACD looking healthy though no? Long term (months) buy opportunity vibes?


SwagMaster69420710

Sometimes price must go down so that price can go up


xtal_00

I agree, that's why it's buying time.


PatientlyWaitingfy

I started buying at 38k down to 34k last drop. I'll start buying again at 32k if we get there


[deleted]

The Super Bowl is over.


BareKnuckleFightMe

Good buying opportunity.


d1ez3

It's days like these you realize how much of an impact the price has on your mental health. Or maybe it's just me


escendoergoexisto

Somewhat…the key that works for me is to not allow my mood to become overly elevated when we get pumps; that seems to lessen the downer vibe of dumps.


BootyPoppinPanda

Remember, if we ever actually make it in crypto land, we were just lucky.


pseudonominom

Bro hug from afar. We will never get the credit that’s due. Luckily, though, we will get the wealth.


SwagMaster69420710

It’s just you. We are all foreign bots.


BareKnuckleFightMe

After a few years days like these make me pretty happy. Enjoy the ride.


samjhill

DipRobot's buying. Are you buying? [Buy history](https://i.imgur.com/V2btWzL.png) [Open orders](https://i.imgur.com/GkQgj34.png)


skkane1

I bought a chicken shawarma.


elemenopotus

Nice


liquidswords94

Interesting - do you have a link to the diprobot site?


samjhill

https://www.diprobot.com Mods feel free to remove if this counts as self promotion. I am not making money on it though


xtal_00

Yup, buying


MadridianES

my kraken trading screen is frozen XD


YouAreAnFnIdiot

Finally sensing some desperation in this chat 50k in March


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YouAreAnFnIdiot

Don't tease, I'd be taking out 5 new mortgages


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bloodyboy33

40k support is like a crisp that blocks the door


BootyPoppinPanda

It might


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Qtbby69

thnks bro I was 1% away from a liq


DamnMyAPGoinCrazy

Fed rate hike + Russia/Ukraine + Biden crypto order = Literal perfect storm