The Bitcoin Thread

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saturnz said:
you derived a low from a couple of days of price data?

are you new to financial trading?
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yeah i am actually, just tryna learn the ropes, "Failure is the stepping stone to success" approach haha.

i just cant wrap my head around how people know which way the market is gonna go and ride the waves
 
Zulfi said:
yeah i am actually, just tryna learn the ropes, "Failure is the stepping stone to success" approach haha.

i just cant wrap my head around how people know which way the market is gonna go and ride the waves
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they don't
 
BTC bouncing on those moving averages.
(green = 50 day / pink = 100 day / red = 200 day)
Looks like it's on it's way down to the 200 day for another bounce.

bounce.png
 
saturnz said:
go back a few pages and see how many people predicted correctly that bitcoin would be this price today
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ok maybe not exact prices, i get that - but quite a few people saw this drop coming. I DID NOT! still learning tho
 
Zulfi said:
ok maybe not exact prices, i get that - but quite a few people saw this drop coming. I DID NOT! still learning tho
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well I've been saying the price would drop too, don't ask me to find the quote though, but that doesn't mean I knew with certainty, its a prediction with probabilities attached to it, probabilities of less than 1

also predicting a drop or rise is easy, timing is the problem
 
Zulfi said:
ok maybe not exact prices, i get that - but quite a few people saw this drop coming. I DID NOT! still learning tho
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Let's start a whale club.... All put a sell on 145K.... then move to 155K... SELL. Then we start at 135K... and so on :D
 
rza said:
Is there a point in diversifying when they all move in the same direction?
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Not really sure what you mean by 'same direction'? ADA went from $0.02 to $0.5 in under two months.
 
Respect to the HODLers, but I'm folding...for now.

My profits will allow me to do an extension to my house with cash. If it drops further, that won't be the case, so I set myself a limit of how much profit I can sacrifice waiting for the tide to turn.
 
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