Official BGOL Crypto Currency Thread ★★★★★

Mr.Mojo

Rising Star
Registered
Caught Travala at .40 cents and road it up to its peak price of $6.
Still in it. Could have caught it at .10 cents if wasn't afraid to pull the trigger.


That goddamn travala! I don't even wanna hear the name now.lol some of y'all kept sayin to get in but I couldn't find the bitch and got lazy.now look. :pain: :hithead:
 

darth frosty

Dark Lord of the Sith
BGOL Investor
E1stS_rVkAEENqc
E1stS_zVoAQ7rf2
 

havelcok

Rising Star
Platinum Member
Please forgive my ignorance but what does that mean? Strong support and next support?!?

:confused::dunno::confused:

Support is the price level at which demand is thought to be strong enough to prevent the price from declining further
So with Bitcoin you notice it always hovers around 44-45 because a lot of people bought at that price and continue to buy in there.

but before it ran up to 45 the next level at which we had support was around 30. So if enough people start to sell it could drop all the way down to 30

so you want episodes like this with stock where there is a pull back so it’s attractive enough for people to buy in and build at this Level

So when you have a stock that’s falling in value
It might not pay to just buy the dip

you want to be able to identify support level at which this
Stock can bounce back and then buy in there
 

darth frosty

Dark Lord of the Sith
BGOL Investor
Support is the price level at which demand is thought to be strong enough to prevent the price from declining further
So with Bitcoin you notice it always hovers around 44-45 because a lot of people bought at that price and continue to buy in there.

but before it ran up to 45 the next level at which we had support was around 30. So if enough people start to sell it could drop all the way down to 30

so you want episodes like this with stock where there is a pull back so it’s attractive enough for people to buy in and build at this Level

So when you have a stock that’s falling in value
It might not pay to just buy the dip

you want to be able to identify support level at which this
Stock can bounce back and then buy in there
:thumbsup:
 

APOPHIS

Autodidact / Polymath
Platinum Member
Please forgive my ignorance but what does that mean? Strong support and next support?!?

:confused::dunno::confused:


Support levels refers to price consolidation and vice versa. It's where people begin to buy up again or keep the price from going down any further. They are good indicators for you to position your buy ins when huge price dumps occur.
 

xfactor

Rising Star
BGOL Investor
Caught Travala at .40 cents and road it up to its peak price of $6.
Still in it. Could have caught it at .10 cents if wasn't afraid to pull the trigger.
I don’t even trade crypto because it is more lucrative for me to buy and hold until it reaches my price target then I’ll dump it all unless it allows for staking. Coinbase allowing staking for ETH2 now but less than 10% APY and it is locked up until the finish.

SAFEMOON is a shitcoin but I got a huge airdrop last week for holding because of their model to return coins to holders while taxing sellers. Straight up arbitrage coin :yes:
 

APOPHIS

Autodidact / Polymath
Platinum Member
I don’t even trade crypto because it is more lucrative for me to buy and hold until it reaches my price target then I’ll dump it all unless it allows for staking. Coinbase allowing staking for ETH2 now but less than 10% APY and it is locked up until the finish.

SAFEMOON is a shitcoin but I got a huge airdrop last week for holding because of their model to return coins to holders while taxing sellers. Straight up arbitrage coin :yes:

I'm also a buy a hold guy. Most of my coins have in been in my possession for 9 months or longer.
I have different account for trading. I keep less in there as it's less than 10% of my total crypto holdings.

Here's s crazy shitcoin story, I knew about SHIBA weeks before it blew up and thought about getting in when it was around .000057. Did my due diligence and knew it was gonna fly one day. I chose to not buy because I'm weary of shitcoins, but when that sucker blew to %5000+ I nearly flipped out.
 

neptunes007

Rising Star
BGOL Investor
Support is the price level at which demand is thought to be strong enough to prevent the price from declining further
So with Bitcoin you notice it always hovers around 44-45 because a lot of people bought at that price and continue to buy in there.

but before it ran up to 45 the next level at which we had support was around 30. So if enough people start to sell it could drop all the way down to 30

so you want episodes like this with stock where there is a pull back so it’s attractive enough for people to buy in and build at this Level

So when you have a stock that’s falling in value
It might not pay to just buy the dip

you want to be able to identify support level at which this
Stock can bounce back and then buy in there

I just saw BTC hit $38K around 4am. Woke up 10mins ago saw it hit $33K. We will see where this goes. Coinbase and Crypto.com servers are being flooded right now.
 

Goingmark40

Rising Star
BGOL Investor
shit wish i woulda sold some of my ETH when it was at 4k. Trying to buy some more alt coins but Coinbase is flooded right now
 
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