scratch-mark

The Bitcoin Order Book Hard Wall Of 10K

There’s going to be one hellava selloff at $10,000 per Bitcoin.

Of course, the order book is merely the whole collection of open orders that have yet to be filled, and as such, can change rapidly. The green area represents the bids (limit orders to buy at a certain price) and the red area represents the asks (limit orders to sell at a certain price). It’s the steepness and magnitude of the sell orders right at 10K, juxtaposed with the very smooth linearity of the bids going all the way down. So, hopefully a selloff so that people can get in at better prices as they wait for the $15k and $20K hurdles as Bitcoin makes up for both dollars and gold in terms of revolutionizing money back to its natural deflationary realm after being ruined by state mandated inflation for so long.

I myself have a limit order to buy more Bitcoin at $8,001.01.

In other news, the portfolio is still doing great.

That’s a 52.5% gain on $3,000 spread over 3 months of investing. In other words, not all in early September, but a few hundred a week over the period of time from then until now, meaning 1/3 of it went into the market just in the last month. I have two coins out of my 39 positions that hit 300% and 350% green this morning. I entered these two positions on October 10, so about seven weeks ago.

Also, out of my 39 positions, exactly 4 of them are in the red, the worst being 30%. The worst of the greens is 8%.

I’m tellin’ ya. It’s easy to get started, so that once you go and hit the learn curve, you can dance on the beach like Tom Hanks.

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UPDATE: Well, that was a bust of a prediction, so far. Now at $11,000 this morning…

Richard Nikoley

I'm Richard Nikoley. Free The Animal began in 2003 and as of 2021, contains 5,000 posts. I blog what I wish...from health, diet, and food to travel and lifestyle; to politics, social antagonism, expat-living location and time independent—while you sleep—income. I celebrate the audacity and hubris to live by your own exclusive authority and take your own chances. Read More

3 Comments

  1. Charles on November 28, 2017 at 21:36

    Hmmm. I’m a little surprised. There wasn’t even a blip at $10K, and now it’s heading for $11K. it’s $10,929 on ABRA. I keep thinking not of a Bull market, but of the gold rush in the 1800s. Per your earlier Patreon post, there’s a hell of a lot of gold out there in Satoshis.

    One commentator I saw the other day said there are less than 300,000 people with more than $5,000 worth of Bitcoin in wallets. That figure is higher now I imagine, but it’s still minuscule. I’m guessing the sell-off will happen soon, though.

  2. Charles on November 28, 2017 at 22:01

    Okay, scratch my last comment…it’s blipped.

    • Richard Nikoley on December 12, 2017 at 15:35

      And, where now? 🙂

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