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Re: Bitcoin

By: Decomposed in 6TH POPE | Recommend this post (0)
Mon, 06 Dec 21 12:05 PM | 53 view(s)
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Msg. 27276 of 60008
(This msg. is a reply to 27228 by Decomposed)

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Re: “Bitcoin is still $49,000, having bottomed at $43,000.”Bitcoin is now $47,552 - approaching the strong support point I was hoping to see but not expecting at $43,000. Considering that I started watching it a few weeks ago at $67,000, I consider $47,552 "close enough" and have pulled the trigger on a much larger purchase of ethereum than the "dipping my toe in the water" amount obtained Saturday. Ethereum's price is currently 3,987.84.

Does anyone have experience with crypto? I've been buying through PayPal and I think the commissions are too high. If you're experienced with another service and it's cheaper, please let me know. I may be buying more in the near future.

Time to go back to sleep. It's not yet 5:30 a.m. Glad I woke up, though.








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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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The above is a reply to the following message:
Re: Bitcoin
By: Decomposed
in 6TH POPE
Sat, 04 Dec 21 9:28 PM
Msg. 27228 of 60008

Re: “With bitcoin, prior resistance (180 day) occurred at about $50,000. Bitcoin is presently falling. As someone who has decided to buy crypto, I'm using bitcoin as a proxy for the industry and looking to make one or more purchases of ethereum as bitcoin tests support. ”That was written on November 26th. If you remember my post and the accompanying chart, I called for Bitcoin to fall below $50,000. It did so this morning in a massive rout. I *really* wish I'd been looking at 5:30 a.m. but, for a change, I was deeply asleep. Bummer.

Bitcoin is still $49,000, having bottomed at $43,000. (Someone explain to me why the chart below shows it bottoming around $46,000.) I'm 8 hours late in buying but am still taking an initial ($500) position in ethereum since this is clearly the test of support I've been waiting for. This first purchase is just "dipping our toes" into the crypto market and learning how to make a purchase. We bought at $4,124.64 per ethereum. I'm hoping it will go a bit lower next week.

BTW, the commission through PayPal stinks... purchases above $10,000 carry a .75% commission. Smaller purchases carry much higher rates. Today's chart follows. We paid $9 on a puny purchase, and I expect we'll get another such fee when it comes time to sell.



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