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| ▲ | reactordev 8 hours ago | parent | next [-] |
| Love that HODL optimism. Looking at the longer charts there seems to be support around $80k so maybe. This could just be holiday shopping. The timing of economics with this though has me worried the support will falter causing a sell off and Monday’s bell will be a bloodbath. |
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| ▲ | epistasis 7 hours ago | parent | next [-] | | I have zero optimism for BTC, hold zero, and can't imagine a circumstance where I'd ever buy some. (Though perhaps a few more years of current US policy and USD will be so terrible that BTC starts to be more attractive...) I see that Tokyo stock markets are way down today, that's probably what's driving lower BTC? | |
| ▲ | 7 hours ago | parent | prev | next [-] | | [deleted] | |
| ▲ | fragmede 6 hours ago | parent | prev [-] | | For a look at the shopping economics, this year's bfcm at stripe is pretty fun! http://bfcm.stripe.com people are selling off Bitcoin to have money to buy stuff, and that link is an inside baseball look at how much stuff is being bought. |
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| ▲ | dboreham 7 hours ago | parent | prev [-] |
| A common pattern is: people (I supposed I mean: investors) are somewhat worried that markets are over valued. They ponder, think, research, binge-watch Prof G videos... Then they travel to have Thanksgiving dinner with a bunch of in-laws. Market gets discussed over cigars. If they get a confirmation signal from the brother in law attorney or sister in law dentist that they are worried too...then after mulling it over on the flight back to Denver...the market dumps on Monday. |
