Bitcoin Thread

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Gtx Gaming said:
Miners are loving these gas fees.
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Damn right. What a day! But it will slow down again soon.

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Sensorei said:
Damn right. What a day! But it will slow down again soon.

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Big oooff... And I've got ETH stuck on Metamask I'm trying to get rid of. Lowest I've seen is 89gwei in the last 3 days.

I think LiteCoin might jump on the back of BTC when it goes.
 
So many shitcoins around that are doing well. Need to actually invest time on reddit and try to find a few that have potential.

Thought SHIB might be that, but it's market cap is already crazy high, and logically one would think it's too expensive now.
 
Jadax said:
So many shitcoins around that are doing well. Need to actually invest time on reddit and try to find a few that have potential.

Thought SHIB might be that, but it's market cap is already crazy high, and logically one would think it's too expensive now.
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Bought some $SCAM and $CUMMIES the other day
 
saor said:
100% of the time. Because for anything the price does there's an indicator to rationalize it.
/s
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I guess what I meant is. How often are you correct with the indicator you choose? And is it sometimes just so obvious and other times not?
 
humbledryer said:
I guess what I meant is. How often are you correct with the indicator you choose? And is it sometimes just so obvious and other times not?
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Idk...I find crypto moves so fast that the only thing I look at now are support / resistance levels. I got into TA a few years ago spending hours digging deep into Ichimoku clouds and all the other shiz & haven't even touched a moving average indicator in the last year. Maybe they help with a certain kind of trading but for me they don't really give any kind of edge.

I've gotten more edge from being less greedy and less emotional and working on changing my perspective to trades. It's amazing how many people will buy something at R10, sell at R15 for a nice profit, but then kick themselves for not staying in the trade as the price goes up to R20. It's a bs perspective. And so their subsequent trades they set their sell point much higher than usual and miss out on the profit they would have taken had they stuck to a reasonable sell price. This happens to me all the time and it's tricky getting out of that mindset. But if you can...you'll get a lot more out of these markets than whatever a bollinger band is gonna do for you.
 
@humbledryer & related to Saor's comments, I also spent/wasted time playing around with indicators for fiat trading. By being patient enough and using enough of a fruit salad of indicators) there were some beautiful fits to past data. That greatly added to the tendency for "analysis paralysis" to decide which to use for a trade if the pattern of price "looked" different from the last trade. None made me rich!

Now I only look at support and resistance levels of price; volume; and, behaviour of price and volume using different time frames. This seems pretty robust and doesn't depend on spending all my time "looking in the rear-view mirror" of past performance of trailing indicators.
 
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