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Bitcoin Holding well at $47,300 Interim Support - keep the faith! (Patreon)

Published:
2021-12-10 18:01:00
Edited:
2021-12-10 18:01:04
Imported:
2022-03

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Comments

Anonymous

Thank you grand master

Anonymous

Buying blood 🤷🏻‍♂️✊🏻

Anonymous

Faith here ,😎 someone called.

Anonymous

Crazy!! A bit nervous. But going to stick it out.

Anonymous

Hope so! We’re nearing my cost basis. 🤣

Anonymous

Faith is kept

Anonymous

It’s been so brutal in the past month. Thanks for helping us through this.

Anonymous

Trying to be patient but this is starting to piss me off 😑

Anonymous

Thanks

Anonymous

Thanks, James! 🙏🏻

Anonymous

Thank you James! You’re the best!!

Anonymous

Bought a bit more

Anonymous

I’m in it for years as a hedge against inflation. I love buying when there’s weakness and FUD!

Anonymous

No loss of Faith in you James. I’m just continuing to buy the dip before our trip to the 🌖

Anonymous

It’s bouncing off support

Anonymous

Yup. Holding strong!!

Anonymous

Picking up a little now... TY James

Anonymous

Keeping the faith and managing my margin calls. Max pain is real

Anonymous

Thank you James, would you be surprised if it falls further tonight?

Anonymous

This is a major support.

Anonymous

It’s very comforting to hear from you frequently on days like today. Thank you so much for everything, James!!!

Anonymous

Ha ha hapium.... wrong wording sorry 😞 😄

Anonymous

I have 100% faith that btc is deflationary and fills a gap in utility so eventually will go back up.

Anonymous

Sniped SOL at $175. Have a BTC order at $47k

Anonymous

Welcome to Bitcoin church, please hold hands and pray for new ATHs!

Anonymous

I keep having May flashbacks. I can’t handle another 6 months of accumulation. :)

Anonymous

For the time being...

Anonymous

Is $171 a good price to snipe SOL?

Anonymous

Thanks James, I have been following your advice and fortunately my cost is still lower so definitely holding (lots of faith 😅)!

Anonymous

Just as im doing a quick short on alts L1

Anonymous

Dear Lord I hope 🤞🏼

Anonymous

Not good for my heart 😵‍💫

Anonymous

I just replenished my powder so let’s do this, hoping for a crash sorry to say but with a long term view. Guessing many feel the same way?

Anonymous

Is it too early to wish everyone Merry Christmas? LOL!

Anonymous

Max comfort … buying a dip more

Anonymous

every dip is just a warmup for the next one... how are they so efficient at price suppression?

Anonymous

Here we go again. Buying the dip Buying the dip. LETS GOOOO. Thanks James

Anonymous

Must close above the 50 week. Let's get back to 52k 👍

Anonymous

SO frustrating, would've love to buy more... a lot more but am out of powder waiting for funds to come in! : (

Anonymous

I am not selling whatever the case. Holding tight to that bad boy! It’s got no choice! We will HODL it till it pop! No whale is having mine!

Anonymous

Id be happy with the price swinging between 47-51k for a few months.

Anonymous

I'm not selling bitcoin. In 10 years all this is gonna be nothing but a small blip when bitcoin is the global reserve currency and worth like $2 million lol

Anonymous

Buy now?

Anonymous

Of course. It’s an unexpected sales event.

Anonymous

I'm out of dry powder but I'm totally topped off on my strength of conviction that BTC is the way to go. HODLing.

Anonymous

HODLing my 1.25BTC (and all my ETH, SOL, and MATIC) for the long ride! Keeping the faith and staying calm.

Anonymous

If I sell I lose money so I am holding. Even Sol.. had plenty of time to sell for profit but I am hodling the beast.

Anonymous

Hi James, Question: Fib levels are great to indicate entry points, what about exit points? (when to sell)

Anonymous

How about that SOL?!

Anonymous

Yep, keeping a close eye on it. Noticing that more and more people are turning bearish whereas the charts don't show any more bleeding into the wick's down and/or below 47.3K. Still conservatively bullish on the short term myself. Averaged down hard in my Solana position. Am adopting the motto of always selling something when extreme greed hits the market though. I need more dry powder in general.

Anonymous

Use my lucky penny and buy SOL send.

Anonymous

👍😁❤️☕

Anonymous

Bought more Eth!

Anonymous

Thank you amazing kind James for helping us keep the faith! I greatly appreciate You!

Anonymous
>>73472171

Lucky you. We bought it a bit higher than you and already in the red but still happy! Relax you are in a good place!

Anonymous

Holding a lot of bags. Luckily all good tokens. Waiting for a reversal!

Anonymous

I want to thank the market for dumping on Fridays when I get paid the last couple weeks 👌🏻

Anonymous

About to put the sniper rifle away and pull out the nukes on SOL

Anonymous

Exit strategy for all coins x BTC and ETH would be great. I am wanting to shift more towards BTC and hard to tell exactly when "winter is coming"

Anonymous

Tough, but I learned that emotion is a money killer and patience will win this game.

Anonymous

Soon it would be distance dream and once again people will regret of not buying below 50K

Anonymous

$MATIC looking good too

Anonymous

Has Ben Cowan become a DCA regular or is it only a 3 show appearance deal?

Anonymous

I would vote to have Ben as a regular. I think the team works very well

Anonymous

Just pressed the red button (buy) on SOL at $173.

Anonymous

No money left to buy more dips. Will have to wait until next payday.

Anonymous

the path of max pain is the only thing we can be sure of

Anonymous

Any limit order recommendations for SOL, ETH & BTC?

Anonymous

I agree about Ben. He compliments you both with his special expertise. I also appreciate that he is not making crazy predictions or pretending he knows what is going to happen.

Anonymous

We will see. Next 5-10 days will be key.

Anonymous

Is it smart to do wash sales if you have gains to offset?

Anonymous
>>73472491

Powder gone this month after the Dec 5 big dip. I thought that was the bounce. I'm such a noob.

Anonymous

Yes yes yes

Anonymous

To all the people who were literally begging for this "dip": Please do your part and BUY so we can start reversing the pain.

Anonymous
>>73472506

Me too. I'm not in any rush, I'm on a five year plan anyway and can get one btc next year if it doesn't sky.

Anonymous
>>73472515

As someone said, "the difference between 30 and 60K will look like a rounding error"

David Dawei
>>73473577

The advantage of selling and buying back crypto immediately is that there is no 30 day wait as there is in the stock market to buy back in

Anonymous

All I want for Christmas is a Bitcoin dip

Anonymous

I’ve entered into this comfortable space past max pain where everything is euphorically numb.

Anonymous

No, I want a wick down.

Anonymous

my faith is on the cross (death cross)

Anonymous
>>73472901

My thoughts exactly.... Taking my alt-coin season winnings (things I should not have bought) and investing post tax $$ into BTC ($47K), ETH ($3.6k hasn't hit yet) and SOL ($180's). I think DEC will be a bust... But Jan 1st will be a band new day to extend the bull run.

Anonymous

Its so volatile now, I wouldnt buy. Can easily go to 30k. Yes I know its out of table but last week 55 was max pain

Anonymous

Watching for a TSLA squeeze into the close; ohh memories of those fridays...

Anonymous
>>73472441

I think the "whale games" angle has been over-discussed and over-blamed lately. I think with the "investor class" coming into the crypto space this year, those investors have different priorities. They're probably adjusting their BTC/crypto holdings in relation to how their other investments are performing. For example, if they're suffering some losses in other areas of their portfolio, they may want to de-risk a bit, and cut back on their crypto holdings.

Anonymous

BTC should hold just above 46,555 to avoid my next LO ;-)

Anonymous

Anyone feeling nervous ... just watch the Jeff Booth interview James did. Amazing! Really highlights the true future of bitcoin from a deep thinker. Ive been few a few ups and downs and I've learnt to Zoom out and switch off. Do not sell is all I can say.

Anonymous

I am wearing a BTFD tee shirt :-)

Anonymous

Totally, and read Jeff's book and take in all his YouTube interviews/lectures.

Anonymous

SOL blockchain slowed down yesterday and it caused a concern. The problem has been fixed.

Anonymous

Not even checking 😑 5 year outlook. I'm actually glad we have more time to buy .... its a blessing in disguise My SOL $171.12 LO just filled ... I ain't mad at the market 🤪

Anonymous

What the lower end SOL buy price snipes now?

Anonymous

Man. What a bunch of nervous Nellies’ we’re not traders. Quit trippin y’all , it’s gonna be fine

Anonymous

every time we go through this EXPECTED volatility we all panic lol. ..and when it goes back up we wished we took advantage of the drop. If this is your 3rd, 4th, 5th time going through this and you're still not used to it by now I would recommend you turn off your devices for a few weeks and live life like you're not in this game. You're making yourself sick. Sell your shitcoins first though there's no guarantee for those lmao.

Anonymous
>>73476542

and if it makes you feel any better realize the whole market is down, not just crypto. Guess what is bouncing back hardest once the selling stops.

Anonymous
>>73475707

I’m far more concerned with societal stability than Bitcoin

Anonymous

clearly it’s being manipulated. but if it’s being orchestrated by the bigs, are they ever gonna, like, decide on a day in which they’re finally gonna let go of the beach ball?

Anonymous
>>73476121

I don’t even take notice at these prices seems like a no brainer to me. My problem is i go to hard at the first dip.

Anonymous

While its deciding what to do....its been very profitable to leverage trade....NFA of course...HODLing is long term...in the meantime short/long trading gets your eye in on the technical indicators, the manipulation by the MM etc...setting your triggers for SL etc

Anonymous

Hi James, what are those bars in the y axis? Is that volume of sellers and buyers? Please explain how to interpret and assign that chart. Thanks

Anonymous

I feel numb. Wake me up in 2030

Anonymous

Solana snipe at 172!

Anonymous
>>73477589

They have to keep it low for all the big money due in Q1. Not a bad thing. The longer the bull run lasts the higher we’ll go and hopefully won’t correct as much as a blow off top

Anonymous

on the 1D, the recent pullback down to 41 (7days ago) is unlikely to have fully recovered the MM LP sitting between 42 & the current 47 position, so I won't be surprised if it heads back down here...the next LP still not recovered by the MM is 30 to 37 (22nd Jul - 5th Aug run up)

Anonymous

It’s not BTC I’m watching - it’s SOL

Anonymous

Filled btc, sol, and link bags a little more .. HODL.

Anonymous
>>73481087

In the same seat, please scoot over. I’m buying the dips on BTC, am in SOL since James “adviced” me to and the L7’s are mining “40 ft pole” coins being swapped to ETH. Buying as LINK whenever it goes below €17,00… HODL for my daughter’s future.

Anonymous

I'm confident BTC will go up... a lot. I'm also confident no one knows when or how much. And I'm fine with that.

Anonymous

No pain no gain🚀

Anonymous

Hi James, desperate times here, should I exit ETH, SOL, DOT, LINK? I am getting close to running a loss as i got in rather late with higher prices. what about BTC? Tks

Anonymous
>>73483027

Don't panic Walter, Crypto is volatile. If you hold long enough you should be ok. Just be prepared for more volatility....thats crypto!

Anonymous

SOL is SO snipable right now at 170-175

Anonymous

I'm a bit confused. Should we keep the faith or focus on exit strategies?

Anonymous

Since yesterday's video I've decided to close my eyes until end Jan and hope to be pleasantly surprised then :)

Anonymous
>>73478166

In trading view this is called "visible range" it is the volume per price for the given interval which indicates support. In the chart that James showed it the "visible range" has no added value. What is shown in the chart is the fact that the price bounces of the 47,300 multiple times in the last days which suggests support.

Anonymous
>>73478361

We have gotten used to prices trending up, so now when the prices keep coming down the fear starts to kick in. The market is designed to inflict enough pain so you well let go of your BTC ETH and SOL. When enough people let go, the market goes back up again. Because more and more people know this it will take longer and longer before we reach the pain threshold because people hold on thinking it will go back up, so the market applies pressur by going down. Fear levels are pretty high right now so we might reach the bottom sooner then later. I don't think we have to wait till 2030.

Anonymous

Always do look at long and keep pushing forward

Anonymous

Fill on SOL at 171.

Anonymous

I am terrified of NOT buying crypto alts and BitCoin......FOMO!!!

Anonymous

You are all sleep walking! I’m really surprised

Anonymous

Never stop, never stopping!

Anonymous

SOL is getting hammered right now... Snipe now or more pain to come?

Anonymous
>>73484053

If your bag is small I would add. I am still DCA into Sol to HODL. James said most of his bag is BTC, ETH and SOL. I think SOL is either being manipulated or overreacting to the hack

Anonymous

I just bought 30 more solana today, but seeing it go this low makes my stomach churn. Not gonna sell, but I would like some words or encouragement from James today haha. This is the first time I’m negative on solana haha

Anonymous

SOL at 161! Woowee was 260 a month ago. Sniper MCSniperton

Anonymous

So excited that now I’m a whole coiner!

Anonymous

The Force is strong in this one - The Faith continues ✌️

Anonymous

Is Solana the Next Shiba Inu? James have you seen this Motley Fool article?. https://www.fool.com/investing/2021/12/09/is-solana-the-next-shiba-inu/

Anonymous

Just buying more here!

Anonymous

I smell the fear. So i just bought 50 sol

Anonymous

Let s go

Anonymous

We are going lower than 47k Way way lower than 47k prepare guys for a huge slump… it’s a calm before the real storm

Anonymous
>>73530699

I do agree that as long as the FED is tapering, there is definitely room to go lower and that's the likely path. Eventually the FED will reverse course, but likely not until late Winter, early Spring. Seems like we have some choppy waters ahead and some lower prices in growth stocks, crypto, then eventually the S&P 500 which backtesting shows, usually goes down ~15%, sometimes more when tapering starts.

Anonymous

James we've had $120-billion in QE over 20-months. Many stocks quintupled, or more. The punch bowl is being removed and tapering is being accelerated (taper already started). What will happen when QE is withdrawn? Backtesting shows that growth stocks get whacked first (that already happened and is happening some down 60-80%!), then the S&P drops by ~15% or more. Crypto likely will not be immune and has been risk-off for many since Powell made the accelerated taper announcement. It seems as if until he reverses course on the actual taper acceleration, or at least messages that they won't accelerate, we've got room in crypto to go lower. Why buy when it seems a likelihood that these drops will continue into late Winter and Spring? Thanks for any insight!