[Daily Discussion] - Tuesday, June 08, 2021 Bitcoin Markets

[Daily Discussion] - Tuesday, June 08, 2021
Gold's appeal was undoubtedly boosted by the Bitcoin sell-off
Could bitcoin have been created by the US government?
You are the weak ... and I'm the tyranny of evil men: Bogdanoff executes a perfect entry and exit
What are some of your biggest complaints with your favorite trading websites?
Where will the bitcoin price be after 2021?
EMP - Mega Sun Burst

[Daily Discussion] - Tuesday, June 08, 2021

Posted: 07 Jun 2021 09:00 PM PDT

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Gold's appeal was undoubtedly boosted by the Bitcoin sell-off

Posted: 08 Jun 2021 12:34 PM PDT

As investors anticipated rising inflation and a huge price fall in the Bitcoin market, their desire for gold soared.

Bitcoin and other cryptocurrencies had a difficult month in May. (BTC). Due to profit-taking mood among traders, the flagship digital asset was already swaying after surging to about $65,000 in mid-April.

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Gold's appeal was undoubtedly boosted by the Bitcoin sell-off

submitted by /u/smmedianews
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Could bitcoin have been created by the US government?

Posted: 07 Jun 2021 03:32 PM PDT

We all know there are 1+ million bitcoins sitting in Satoshi's cold storage that have not been touched since the day they were mined. Despite the insane price appreciation, no-one has seemed tempted to cash out. It is possible, I suppose, that the creator of bitcoin has such a strong ideological attachment to the concept they don't wish to spoil the party so to speak.

But I don't buy that. There's plenty of evidence that it was a collaborative project. Such a huge amount of the coin would be bound to cause disagreements and someone would eventually let the cat out of the bag IMO. Unless of course they were working under the auspices of a large organisation or government that actually has control of the bitcoin. Lets be honest the US gov blows a lot of hot air about regulation, but has never earnestly tried to suppress it's growth.

This would be bullish in that clearly whoever controls the BTC expects it to continue to displace other assets and perhaps reach the 10 million price that I believe Hal Finney (probably a collaborator) mentioned. Now that we are seeing smaller economies adopt bitcoin, it's very possible whoever controls that Bitcoin can use it as a geopolitical weapon in future

Another argument is that US intelligence would without a doubt have identified the creator of Bitcoin by now anyway, and possibly effectively commandeered the BTC in exchange for protecting their identity. This would have been made a priority since the silk road days and FBI bust

submitted by /u/stq807
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You are the weak ... and I'm the tyranny of evil men: Bogdanoff executes a perfect entry and exit

Posted: 08 Jun 2021 06:40 AM PDT

https://twitter.com/thebogdanoff/status/1401951478789648388

Many people were "buying the dip" and getting liquidated. I was expecting a shakeout or sell. I saw Bogdanoff's short entry at 35600 and jumped right in at 35400. He closed at 32.5K, I got a slightly better price.

I may have reverse engineered Bogdanoff's short trades. Its basically slope of pullback in a bearish move vs slope of the bearish move itself. Stop seems to be previous swing point.

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What are some of your biggest complaints with your favorite trading websites?

Posted: 07 Jun 2021 11:09 PM PDT

I'll start...

It's definitely not my favorite but it's where I am at because I am Canadian.

Kraken blows.

Their "advanced" interface looks like a form I might have seen on yahoo.com back in 1999.

Their servers go down often and it takes them upwards of an hour to locate the issue.

Their liquidity is non-existent.

I am not trading there anymore.

submitted by /u/bob_the_bidder
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Where will the bitcoin price be after 2021?