Bitcoin Thread

[Slootvreter]

bought another 40k end of March @ 90819 ZAR
Think I'm screwed

A week in and you think you're screwed?

 

[Splinter]

bought another 40k end of March @ 90819 ZAR
Think I'm screwed

A week in and you think you're screwed?

Ag, he is just talking poo. Wouldn't worry about another clone.

 

[voldoverse]

this sideways movement is making me nervous

 

[Salmank]

bought another 40k end of March @ 90819 ZAR
Think I'm screwed

Why did you do that?

You are really 'sucked'.

Just kidding, don't stress, will tip above R90 000 tomorrow. If you don't want to keep it long term, sell at R92 000. Otherwise, leave it for 3 months and sell at R150 000

 

[Willie Trombone]

bought another 40k end of March @ 90819 ZAR
Think I'm screwed

Just stick it all on an exchange at a price higher than you paid and let it sell when it reaches that price, then cash out, and never dabble in trading again. Or wait until you can afford to wait patiently for your price before selling. My 5c lol. Remember, it doesn't have to move in the desired direction perpetually for you to make money.

 

[voldoverse]

Why did you do that?

You are really 'sucked'.

Just kidding, don't stress, will tip above R90 000 tomorrow. If you don't want to keep it long term, sell at R92 000. Otherwise, leave it for 3 months and sell at R150 000

bold claim considering the current btc climate

 

[sucked]

bold claim considering the current btc climate

Very bold

 

[saor]

A week in and you think you're screwed?

+1.
You're not screwed....you're royally screwed.
/j

 

[Willie Trombone]

Yeah, this whole trading thing is elementary. You only lose if you buy when it's up and sell when it's down... the answer to a crash is don't sell. Just make sure it's in your will. After you die you can't take it with you anyhow so it doesn't matter if they inherit peanuts. You can't lose.

 

[*SynergyX*]

blah blah blah.....

1. Dont hold in a bear market
2. Dont buy in a bear market
3. If you dont know what a bear market is, WTF are you doing buying something thats in a bear trend


oh and do enough reading/research to know that this is the most highly manipulated market in the world.

 

[SaiyanZ]

Something just triggered the bulls.

 

[saor]

Something just triggered the bulls.

They saw red.

 

[voldoverse]

They saw red.

i see what you did there

 

[SaiyanZ]

Looking at the way this $200 dollar increase played out, it looks like a short squeeze. The price was going up slowly which triggered stop losses for a few big shorts at $6680 which then caused a chain reaction of stop losses activating.

 

[voldoverse]

Looking at the way this $200 dollar increase played out, it looks like a short squeeze. The price was going up slowly which triggered stop losses for a few big shorts at $6680 which then caused a chain reaction of stop losses activating.

so if i understand correctly, they tried to manipulate it to go higher which in turn means 6800 is basically the new "high" as they have to resort to manipulation to try and move it up a bit?

 

[SaiyanZ]

so if i understand correctly, they tried to manipulate it to go higher which in turn means 6800 is basically the new "high" as they have to resort to manipulation to try and move it up a bit?

No, just many people had shorted it expecting it to drop further with stop losses just above the price. When the price goes up the stop losses trigger (BTC is bought to close the short position). This buying pushes up the price further which triggers more stop losses.

 

[sucked]

blah blah blah.....

1. Dont hold in a bear market
2. Dont buy in a bear market
3. If you dont know what a bear market is, WTF are you doing buying something thats in a bear trend


oh and do enough reading/research to know that this is the most highly manipulated market in the world.

I don't agree with you. You can buy in a bear market

 

[saor]

I don't agree with you. You can buy in a bear market

You can, but it's stressful.
Stop-losses constantly triggered due to volatility - lose a position only to see it bounce right back again. It becomes a guessing game - technical analysis becomes quite tricky to use. I've been sitting with ETH for days now wondering if I should go into Tether and wait out the dip, is it going up, sideways, 4th dimensional etc.

 

[SaiyanZ]

You can, but it's stressful.
Stop-losses constantly triggered due to volatility - lose a position only to see it bounce right back again. It becomes a guessing game - technical analysis becomes quite tricky to use. I've been sitting with ETH for days now wondering if I should go into Tether and wait out the dip, is it going up, sideways, 4th dimensional etc.

The key for me is to close trades whilst others are waiting for the top or the bottom. I rather trade only on breakouts and make small profits of 0.5% at a time than wait for the top or bottom and possibly miss it.

 

[Slootvreter]

Lol