The Bitcoin Thread

Status
Not open for further replies.
Zulfi said:
What does that mean? In layman's terms? Sorry
Click to expand...

its clichéd meaningless statements people generally say when they have no idea whats going on,

you find similar statements repeated by many financial "analysts" on financial channels and on this forum you see it often in the exchange rate threads
 
saturnz said:
is clichéd meaningless statements people generally say when they have no idea whats going on

you find similar statements repeated by many financial "analysts"
Click to expand...

ok sir....as i watch luno go up in flames.

how much you in for by the way?? losing money are we??
 
These corrections are not right. The price for all cryptos is so low why are there still more sellers than buyers?
 
Zulfi,

Be very careful of portfolio erosion.

A week after my first buy in it dropped by 50%. I sold, thinking I could ride the train and rebuy lower. I missed the turn. Ended up buying in again but for 20% more than what I sold for.

This happened to me 3 times in a row because I thought I was smarter than day traders and investors, while only price checking during coffee breaks at work and when I wasn't out of cell reception on some mountain. I got burnt badly, but it was still relatively early days. Now those kinds of swings happen daily, so I don't stress it.

Of course you CAN make money this way, but then you HAVE to be on top of your game an ahead of the news releases, probably with a few bots running too.

You haven't lost anything. You still have your bitcoin. You only lose if you agree to sell for lower. Sit tight and HODL.

There are a bunch of people who keep saying "I wish bitcoin would drop again so I could also buy in." Those people still arent buying and we're now below 50% of what we were a month ago. The only thing stopping me from buying more is my investment limit I promised myself. So I've already put everything into crypto that I'm willing to lose.

Slap your coins on a ledger and forget about them for a year. We can revisit this thread then and laugh at our nervousness. Who knows what it might be sitting at. If still less than your buy-in, just wait longer, but if it's at $50k then waiting was the right move.

Anyway, that's just my view.
 
Voicy said:
Zulfi,

Be very careful of portfolio erosion.

A week after my first buy in it dropped by 50%. I sold, thinking I could ride the train and rebuy lower. I missed the turn. Ended up buying in again but for 20% more than what I sold for.

This happened to me 3 times in a row because I thought I was smarter than day traders and investors, while only price checking during coffee breaks at work and when I wasn't out of cell reception on some mountain. I got burnt badly, but it was still relatively early days. Now those kinds of swings happen daily, so I don't stress it.

Of course you CAN make money this way, but then you HAVE to be on top of your game an ahead of the news releases, probably with a few bots running too.

You haven't lost anything. You still have your bitcoin. You only lose if you agree to sell for lower. Sit tight and HODL.

There are a bunch of people who keep saying "I wish bitcoin would drop again so I could also buy in." Those people still arent buying and we're now below 50% of what we were a month ago. The only thing stopping me from buying more is my investment limit I promised myself. So I've already put everything into crypto that I'm willing to lose.

Slap your coins on a ledger and forget about them for a year. We can revisit this thread then and laugh at our nervousness. Who knows what it might be sitting at. If still less than your buy-in, just wait longer, but if it's at $50k then waiting was the right move.

Anyway, that's just my view.
Click to expand...
Give this guy a ****ing bells!!! Thanks voicy..

But honestly speaking.. is this crazy free fall your fault?
 
Temujin said:
It will, just be patient... peeps have been waiting for their $8.5k btc since december already cos they're all sheep. Massive buy walls on the big exchanges, but many are going to lose out. Like this luno graph, many have place lower buy orders, as it hits sub 9k, ie $8xxx, there will be a huge buy up by whales and such, 100's of billions waiting patiently, odds are, majority of those waiting for the $8k will only get in above $10k+ in the fomo again by the time they cancel click click buy click click

Edit: I say +10k, but its going to be brutal... like sub $9k up to something like $15k in a matter of minutes

Just my opinion
Click to expand...

lol -- 9k to 15k in minutes.... what you smoking
 
On Poloniex I see there is a 131 BTC buy wall at $9300. It's at $9314 now. Should be interesting to see.
 
Voicy said:
On Poloniex I see there is a 131 BTC buy wall at $9300. It's at $9314 now. Should be interesting to see.
Click to expand...

Is there a site to see the order books of all the exchanges or do you click in to each one?
 
Status
Not open for further replies.
Back
Top
Sign up to the MyBroadband newsletter
X