J.K. Rowling, Author Of Harry Potter Is Interested in Bitcoin, Time To Short? - page 3.

davis196

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Quote from: Astargath on May 15, 2020, 03:43:57 PM

https://www.coincurb.com/news/j-k-rowling-author-of-harry-potter-is-interested-in-bitcoin-time-to-short/

'Bitcoin is taking a big hit today, currently trading at $9,360 after briefly touching $9,800 in inter-day trading. Bears are back in town after the recent $10,000 rejection, however, the interest in Bitcoin seems to be growing.

Legendary author, J.K. Rowling, has recently shown her interest in Bitcoin over Twitter.'

J.K Rowling is a weird person.However,it would be nice if she invested a few millions in Bitcoin.
All the Harry Potter fans might follow her and invest small amounts.It would be nice for the overall image of Bitcoin as a trustworthy(yet volatile and risky) investment and not some scam or get-rich-quick-scheme,like it is portrayed by the FUDsters.
Saying that bears are back in town after a 3% price drop is just amateurish,but she is a newbie,so I would expect something like that from her. Grin

Darker45

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I don't consider a ~$400 downward movement in Bitcoin a big hit. That is just part of a pretty normal Bitcoin day. And I also don't share that the $10,000 rejection is a clear sign that the bears are back. If at all, it was just a normal rejection. It seems to me that nothing's so special about the price movements of Bitcoin for the past few days.

How does J.K. Rowling's interest in Bitcoin support a decision to short? Why not long? The woman is worth 700 million. Wink

pakhitheboss

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Quote from: Astargath on May 15, 2020, 03:43:57 PM

https://www.coincurb.com/news/j-k-rowling-author-of-harry-potter-is-interested-in-bitcoin-time-to-short/

'Bitcoin is taking a big hit today, currently trading at $9,360 after briefly touching $9,800 in inter-day trading. Bears are back in town after the recent $10,000 rejection, however, the interest in Bitcoin seems to be growing.

Legendary author, J.K. Rowling, has recently shown her interest in Bitcoin over Twitter.'

Bitcoin is facing a huge resistance at 9800 level this is the second time in this month that it has struggled to stay there. I am still happy that it has not take a huge dive considering the halving has finished.

That is great to hear that JK Rowling is interested in knowing more about Bitcoin. It is certain that she might write about it in the future. Good to hear about it.

mk4

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Shorting just because a big name has been Tweeting about Bitcoin is a really bad idea.

In the first place, it's not like J.K. Rowling was posting bullish Tweets. She says she doesn't understand it, but at the same time somewhat biased against it. Probably be a good idea to stop giving her attention on Twitter.

https://twitter.com/jk_rowling/status/1261416653809545216
https://twitter.com/jk_rowling/status/1261429151745146883

Little Mouse

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Quote from: Astargath on May 15, 2020, 03:43:57 PM

Legendary author, J.K. Rowling, has recently shown her interest in Bitcoin over Twitter.'

It is not really true in general. J.K. Rowling was tagged by someone and she responded in the tweet what bitcoin is all about which she has no idea. I think this is not about showing interest.

Velkro

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Quote from: Astargath on May 15, 2020, 03:43:57 PM

Legendary author, J.K. Rowling, has recently shown her interest in Bitcoin over Twitter.'

Yeah its indication that new people are coming, halving doing its job of getting media attention aside from its real purpose.
Its actually a good thing for Bitcoin Cheesy

, you ask if to short it now.
Noone knows that, only nostradamus, because it could be another run to $20 k or it can go down, time will tell.

Jating

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Perhaps it is good to hear that J.K. Rowling is interested in bitcoin. But it doesn't mean, that you need to short it right now. The whole economics of bitcoin is very different, and as we witnessed it being halved in the last couple of days, it makes it very rare, so it will be very valuable overtime. So it is better to HODL to our precious BTC and just wait for the eventually bull run. No need to short it at this time just because of a simple tweet.

hatshepsut93

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Basing your trading decisions on a single tweet from a famous person is beyond stupid. Even if you believe that there's a connection between public interest and Bitcoin's price, you would want to measure it with multiple sources of big data and not something as tiny as a single tweet. And the result that you get should wildly contradict the other analysis methods - just think logically, we had halvening a few days ago and the market is still only recovering from the covid-19 crash, it's nowhere near a FOMO cycle.

casperBGD

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Quote from: LFC_Bitcoin on May 15, 2020, 03:58:07 PM

You’ve got to look long term, stop looking to make small scalps & small profits. We’ve just seen the supply of new coins mined HALVED again. You can make serious gains doing absolutely NOTHING. Sit still & HODL for another 18 months & you’ll make a lot more money than you will messing around making risky trades for 10% profits.

agree on this one, i think the same, halving need time to prove that supply is decreased and with the same demand, price should go up, and with the price increase, and eventual media coverage, new people will get in for profit, demand will rise again, and price will go up, until the circle is broken and we go down or sideways to new halving, it was a cyclic after first two halvings, will see if the will repeat, do not take this as investment advise

LFC_Bitcoin

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You’ve got to look long term, stop looking to make small scalps & small profits. We’ve just seen the supply of new coins mined HALVED again. You can make serious gains doing absolutely NOTHING. Sit still & HODL for another 18 months & you’ll make a lot more money than you will messing around making risky trades for 10% profits.

Astargath

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https://www.coincurb.com/news/j-k-rowling-author-of-harry-potter-is-interested-in-bitcoin-time-to-short/

'Bitcoin is taking a big hit today, currently trading at $9,360 after briefly touching $9,800 in inter-day trading. Bears are back in town after the recent $10,000 rejection, however, the interest in Bitcoin seems to be growing.

Legendary author, J.K. Rowling, has recently shown her interest in Bitcoin over Twitter.'

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