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    [Daily Discussion] Thursday, December 31, 2020 Bitcoin Markets

    December 31, 2020

    [Daily Discussion] Thursday, December 31, 2020 Bitcoin Markets

    [Daily Discussion] Thursday, December 31, 2020

    Posted: 30 Dec 2020 08:04 PM PST

    Thread topics include, but are not limited to:

    • General discussion related to the day's events
    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

    Thread guidelines:

    • Be excellent to each other.
    • Do not make posts outside of the daily thread for the topics mentioned above.

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    submitted by /u/AutoModerator
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    [Altcoin Discussion] Thursday, December 31, 2020

    Posted: 30 Dec 2020 08:04 PM PST

    Thread topics include, but are not limited to:

    • Discussion related to recent events
    • Technical analysis, trading ideas & strategies
    • General questions about altcoins

    Thread guidelines:

    • Be excellent to each other.
    • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
    • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
    • No discussion about specific ICOs. Established coins only.

    If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

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    submitted by /u/AutoModerator
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    Bit of a noob here but I'm looking for a strategy after this massive bull run

    Posted: 31 Dec 2020 09:32 AM PST

    I've been buying bitcoin since September of this year, so I'm fairly new to all this. However, it makes sense that after such massive gains that there would be a correction sooner or later. The ones I have experienced have been pretty mild, and so far I've just been using the strategy of r/bitcoin of just HODLing. Now I'm no expert, but IMO the higher things rise, the higher they will fall, so would it be safe to assume that if there were a correction coming shortly after new years, it would be a pretty big one? Also, others are saying that with these unprecedented highs that bitcoin could just continue to rise for quite a while. I have a bit less faith in that prediction, however. Now, I guess what I'm asking, is do you think it would be a good idea to sell now (or in the next week or so), and buy when (if) the price drops a fair amount? And what would be 'a fair amount' for bitcoin to drop? Are some people expecting something similar to what happened in 2017? My other plan is to just hold and continue to DCA.

    I know no one has a magic crystal ball to tell the future but I think there's much more experienced people on this sub who could hopefully provide me with some insight. Sorry if these are very basic questions and not particularly useful to this sub, but I find the people here are much more grounded and thoughtful than the over zealous folks on r/bitcoin and r/BitcoinBeginners.

    submitted by /u/Drfarts2
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    New Bitcoin ETF filing

    Posted: 30 Dec 2020 12:41 PM PST

    VanEck is trying again.

    https://ambcrypto.com/vaneck-files-sec-registration-for-new-bitcoin-etf/

    https://www.sec.gov/Archives/edgar/data/1838028/000093041320002664/c100811_s1.htm

    It's been a while since the SEC had a Bitcoin ETF to decide on. The last one was denied in February. Will the incoming administration change things? Discuss!

    submitted by /u/modeless
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    My quick take on expectations of a major correction

    Posted: 30 Dec 2020 06:52 PM PST

    Many are anticipating a large scale correction in the near future but from what we have seen recently, the previous few corrections have been quite smaller than expected (15% on 11/25, 9% on 12/8, 9% on 12/21 (granted, I am excluding the 17% pullback on 9/3 and the COVID pullback in March)). I feel like as Bitcoin becomes increasingly adopted, along with seeing less severe gains, we can also expect to see less severe pullbacks during bull markets. In the 2017/18 bull market, we saw extreme 20, 30, and even 40% pullbacks but as we know, that bull market was driven primarily by hype. Now, more people are gaining faith in the fundamentals and technology behind Bitcoin so people are less willing to sell resulting in pullbacks that might be capped at 10-15%. Instead of seeing a major pullback to allow price action to "cool down", I would expect to see more sideways trading.

    submitted by /u/olip0414
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    Bitcoin Newb Class

    Posted: 30 Dec 2020 02:02 PM PST

    I've been in crypto since 2015 and I feel like I have enough expertise to try to teach the basics to interested people. I'm considering a Zoom based business where I explain what Bitcoin is, why its valuable, how to buy it, and how to hold it securely. I know this subreddit is pretty advanced, but do you think there'd be a market for a service like that? I know all the education is freely available online but I think I'd offer value by answering questions live and speeding up their learning process.

    submitted by /u/caglebagle
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