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Low volume uncertainty by tarazkp

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· @tarazkp ·
$12.49
Low volume uncertainty
<div class="text-justify">

I have been spending the last few days with my family as much as possible, as Monday I will head back to work after two weeks off and it is looking to get busy. It has been a nice day today and after sledding in the morning, we shouted our neighbors and their kids to hot wings in the city, as they have done a lot for us over the last 9 months we have lived across the road from them. They didn't know we were shouting of course as in Finland, it isn't common under almost any circumstances, but it really was the least we could do.  

<center>My daughter and wife are both clowns. 
![IMG_20210101_112744.jpg](https://files.peakd.com/file/peakd-hive/tarazkp/6OvJsFVD-IMG_20210101_112744.jpg)</center>

Over the holiday period, I have been keeping up with the markets, but hardly checking in as I am not planning on doing much at this time anyway. However, I checked in just before on BTC and was surprised to find that while the price hovered around an ATH last night, the USD volume is 75% less than it was four days ago. Does this mean that we are at an impasse on price, where no one wants to push it over the next psychological hurdle of 30,000 and no one wants to sell for less than that?

I don't know much about trading volume meaning,, but I always find it amusing when people only look at the percentage change as an indicator. Not so long back someone was saying how happy they were to wake up to "token X" that they hold being up 150% - yet when I checked it had less than 10 dollars volume on it. 10. While I don't know much, if a 10 dollar buy pushes a token 150%, I will assume that the token is having a few "issues".

<center>This is a picture of my daughter watching the trading charts. As you can see, she has inherited the 1000 yard stare and the KP "holder" pose - close to the heart.  
![IMG_20210101_131245.jpg](https://files.peakd.com/file/peakd-hive/tarazkp/1bFEo0Bc-IMG_20210101_131245.jpg)</center>

I don't hold much Bitcoin, but I do hold enough to be interesting and if I would be able to trade a bit at the high for a bit more at the low, I wouldn't mind. But, I don't know if BTC is done for the day and is going to start regressing to the new floor (18ish?) or will creep past 30K and then blast to 40K. Because of my low stacks and underperforming alts, I am quite cautious  these days and don't want to make a mistake and lose the little I have, as I see the long term potential of Bitcoin returning significant amounts, even on what I hold. 

<center>I think they call each other to coordinate their outfits.
![IMG_20210101_131311.jpg](https://files.peakd.com/file/peakd-hive/tarazkp/43oXt5js-IMG_20210101_131311.jpg)</center>

The problem is, that since the budget is stretched to the maximum, I can't afford to push any external value into crypto and the last buy I made was just before we bought the house, sometime back at the start of 2020. Of course, after the dramas surrounding income flows during the year, I felt forced into a holding pattern of sorts. 

I am hoping that the real crazy is yet to come, *after* I can start putting a little bit in again from my earnings. I am aiming for 2021 to be a decent building year, but it is already looking challenging in various ways. However, maybe it is always going to be a challenge to build, as there are always so many distractions and unexpected costs that arrive. For us, the house is going to be a big drain on our potential, but it is also part of our investment diversification - one that will severely underperform in relation to others, but will likely retain most of its value and maybe even make some gains. 

Over the years, I have made some terrible trading decisions, yet in comparison to most of the world, I am a "massive" holder. Which is weird. Even in Bitcoin, if all 21 future million (if available, ~20% is locked for good) was distributed evenly between the global population, each could have 0.003 of a Bitcoin - 87 dollars worth today. If a billion people are going to start using it, it is going to have to be far more valuable than that and the fees to transfer will have to come down significantly.

None of this helps me with my current BTC dilemma though, so I guess I will just have to hold it and see what happens. Probably hold it all the way down like I normally do - at least though, if those billion do start using it, I will have more than most.  

>What are people's predictions on 30K BTC?

I have the feeling that the bulls aren't done, they are just testing who thinks they are. 
It could also be that rather than BTC volume, they have been more concerned with alcohol volume and be a little hungover and blurry from the new year's celebrations. A new ATH will return their focus.


Taraz
[ Gen1: Hive ]


</div>



Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@tarazkp/low-volume-uncertainty)
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vote details (386)
@cmmemes ·
I think most people at this point are more interested in the dip than the atm 
![4rxbnv.jpg](https://images.ecency.com/DQmWatGPKSuTiXf9MJmcnHSh6JWAq2hrhR8qHYadYWA5P4C/4rxbnv.jpg)

👍  
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vote details (1)
@cranium.leo ·
It is very difficult to make any proposals for bitcoin. The market is not 95% predictable. Ah, 5% comes from luck.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@cranium.leo/re-tarazkp-5ckrmc)
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@tarazkp ·
This is why I tend to just hold.
👍  
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vote details (1)
@ecency ·
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@galenkp ·
>As you can see, she has inherited the 1000 yard stare and the KP "holder" pose - close to the heart.

Lol, should I sell, or should I hold...Or should I buy more. We all probably look identical when it comes to this expression.
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@tarazkp ·
:)
33K now.
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@galenkp ·
I know right?  👍<div class="pull-right"><a href="/@hive.engage">![](https://i.imgur.com/XsrNmcl.png)</a></div>
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@jacoalberts ·
Great post!

It is very difficult (if not impossible) to tell when the pull-back will come. But it *will* come for sure.

The weekly 21 EMA is a very accurate tool to use for support and resistance. This can be seen if you look at the chart history. 

I fully agree with you, at this point in time it is the safest to just hold what you have. When the dip comes (the weekly 21 EMA is currently just over $17100.00 - at the time of writing this comment) it will be a great time to buy again. It is not to say it fall all the way to $17000.00 though, as the 21 EMA is climbing weekly at an incredible rate at the moment. But it would be interesting to see if (and when) it will be tested again...

Same as you, I am not an expert when it comes to trading, so I just listen to what the experts are saying, take note of the most important information they share, and then try to keep it as simple as possible for myself...lol. I also mainly try to focus on just holding.

This was a very interesting and pleasant read. Thank you for sharing this information with us!

All the best with building in 2021!
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@tarazkp ·
I am terrible at reading charts - which is probably why I struggle so much to trade :)

I do think that 18 will be tested again, but I am not sure how fast it will dip to that point and might rides mid-20s for a period. 

Hope 2021 is good for all of us. So far - I have a lot of Hive, not enough BTC :)
👍  
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vote details (1)
@manoldonchev ·
Well, I have such small amounts that it doesn't matter in any way but psychologically and I use my small amounts to learn to trade...or not. Still, easy to take risks when they can be counted in a number of pizzas that I could eat in a day.

What is scary, though, when selling any BTC at all, is the news that liquidity is running pretty short. So it might not be easy to buy back, even at an acceptable loss. Which is what I have been doing after some of my mistakes ;)

I don't have enough to feel comfortable, anyway. but being uncomfortable is also kind of stimulating.
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@tarazkp ·
$0.03
>Still, easy to take risks when they can be counted in a number of pizzas that I could eat in a day.

Just remember that the first two were worth 10,000 Bitcoin :D

>So it might not be easy to buy back, even at an acceptable loss. Which is what I have been doing after some of my mistakes

Eventually, most of the early adopters will hold far less than they started with, but it is the only way to really distribute it. If everyone holds, it becomes untraded. 

There are some expensive lessons circulating at the moment... :)
👍  
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@manoldonchev ·
> There are some expensive lessons circulating at the moment... :)

True that. Trying to find a balance there and bring these costs down over time.
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@markkujantunen ·
Some have predicted $50k before a correction within a few weeks from now.

Who knows. I don't particularly care. If it dips significantly, I will add to my position. If not, I may not.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@markkujantunen/re-tarazkp-exw3s)
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@tarazkp ·
I think at 50, there would be quite a few holders looking to unload.
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@minimining ·
I just did an analyze of how many articles that is Published in Sweden about Bitcoin 2020 campare to 2017 (bubbleyear) . And so far extremly low with x4 more articles 2017.
So my personaly article index says that the bull Will run more.

"When everybody talk about it - its time to sell" is the theory. 

Personaly I am a hodler that try to accumulate more with uniswap, Celsius and hive
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@tarazkp ·
>I just did an analyze of how many articles that is Published in Sweden about Bitcoin 2020 campare to 2017 (bubbleyear) . And so far extremly low with x4 more articles 2017.

Yep - I have been looking at it for months. crazy eh? 

900% in 9 months - *no news.*
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@minimining ·
Some news in Sweden But...compare to 45 in december 2017.
Only the newspaper Breakit
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@papilloncharity · (edited)
Maybe we will see a big fall again, before a massive climb way beyond the 30 mark?
I see the mommy didn't stare at the trading charts and we don't have trading charts, but if we did, my wife wouldn't look at them either :)
She is just not interested in such things, no matter how hard I try to get her involved.

Some lovely photos here and Marian adored them.
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@tarazkp ·
>She is just not interested in such things, no matter how hard I try to get her involved.

My wife is only interested when she wants some money for something and is asking whether I will sell yet. *No.*

:D
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@papilloncharity · (edited)
Hahaha, I have verrrry patiently explained to Marian that we are building the account for the Edowment fund and that we cannot take on any new projects.
We now have 7 projects running and if she has her way we will soon have 13 :)
So no more projects as we are thin on finances and I will simply continue to build on Hive.
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@ryivhnn ·
Perhaps they just happen to have the same taste in outfits ;D 

I know for sure that middle child and associated extra children (I have a lot of extra children XD) will often call each other to coordinate outfits and arrive at gymnastics in matchies XD
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@tarazkp ·
I think these days it is even more necessary - how are you meant to get good instagrammable photos if everyone is wearing different colours?? :D
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@ryivhnn ·
It's fine if the different colours work harmoniously 😜
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@sagesigma ·
$0.04
@tarazkp well, I think a correction needs to happen. I'm being selfish of course and want to see the bears take it to the lower 20's so that I can accumulate more.  I've been dollar-cost averaging for what seems like forever as I am too stupid to picks and bottoms...so I'm going to be a (long term bullish) short-term bear and say $23-$25k before the next run-up.  
👍  
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vote details (1)
@tarazkp ·
$0.02
There has to be a pullback, but I wonder if there will be one more kick past 30 first. I am also interested if there is a pullback, will it move into other alts, or will people hold stable only? 

The problem with stables is that they are essentially fiat, so it kind of kills the point of crypto in some ways, as people will continually be tied to fiats anyway. Would love investors to start looking at *real usage* of and for crypto instead. 
👍  
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@sagesigma ·
I'd assume there will be another "volatile" drop to pry money out of all the new, weak investor hands, as Id have to assume there is a lot of new retail capital who have yet to experience the rollercoaster.  Where cash goes though, I have no idea.  Everyone I know who panics always goes to the USD.  It never fails; I get a friend to buy some satoshis, Bitcoin tanks 20-30%, they sell to cash, and swear to never,ever touch it again.  I dare say I see a pattern there :)
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@zanoz ·
$0.04
The year might already seem challenging for you with all the plans you have at hand but I am certain you will pull through successfully.
You just have to follow the leading and see how things could work better for you.
Bitcoin might go higher pass 30k but who knows?
You even have a little, talk about those that have nothing, people like me?😅😂

Well, it's nice you had two weeks off from work to spent time with your family. My warm regards to your wife and clown of a daughter lol

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@zanoz/re-tarazkp-4vb4wa)
👍  
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@tarazkp ·
So far, no matter what life has thrown me, I am still here, so I have survived it at least. I assume I will survive another year also. 

Are you considering getting some bitcoin, or are you invested into something else instead? At the end of the day, we probably all have to expose ourselves to some financial risk to make significant gains. It isn't 2011 now. :)

How did you spend the change of year?

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@tarazkp/re-zanoz-7atoum)
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@zanoz ·
You know that last question got me surprised lol because I just submitted a post some minutes ago on that aspect lol.
I spent it well I guess, my thinking lol.
You are right, whatever it is that life throws at you, you keep your calm and stay strong.
It's not just assumptions, it a certainty that you will survive yet another year.
I am hoping to do that in the nearest future but not now cash I don't have much cash, I don't want to underestimate myself because anything is possible :)

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@zanoz/re-tarazkp-2xtvwu)
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