Because all of the coins tend to move up and down in unison. Who cares if some other coin takes "the crown"? As long as the coins you're invested in appreciate too, you make money.
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Because all of the coins tend to move up and down in unison. Who cares if some other coin takes "the crown"? As long as the coins you're invested in appreciate too, you make money.
*SynergyX*
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and breather over....strap in!!!!
up or down? call it lol
*SynergyX*
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dont have to --- only one direction for now
*SynergyX*
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uk session selling pressure now....
where do you see this?
Hamish McPanji
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9 years, you said? That involves you leaving your money invested for 9 years...you know that?
And what about those who bought while it was still on the way down? How many years did it take for them to break even?
Basically , you need to listen to your own advice. The valueless bitcoin's perceived value is tanking at the moment. And no-one knows where the floor is, so people bought at $13k , and thought they were getting a bargain . The same with people who bought at 11k, 10k...etc.
The other thing about most gamblers that is very interesting. They never lose. They are always "up" by some convoluted formula. And are always looking for more money to invest
*SynergyX*
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dont see it -- just general time the markets open in uk.
and because crypto trades 24/7... as the world turns constant drop as ppl wake up and see the carnage
Hamish McPanji
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Sure thing, the waves are very time zone oriented,.
Yes definitely see this effect on Luno, as the saffers wake up they all panic and lol,.. If you wake up at 3h30 you get a better chance of playing the saffer mad buy or sell spree
Yes definitely see this effect on Luno, as the saffers wake up they all panic and lol,.. If you wake up at 3h30 you get a better chance of playing the saffer mad buy or sell spree
You do know shorting is a thing right? That's how you make money in a downtrend. Trying to guess the bottom is suicide.
Furthermore,.
BTC +-$8000,. just by following the TA aspect of the graphs, looks like the price that had to be reached to quench the January wind down,.
Further, BTC and most crypto's, if you look back in time, really it is common for them to pull back 50% every so often,. This wave is just shrouded with 'bad news' and as such Davos has to be somewhat co-incidental, all the big finance houses own the big MSM co's and yeah,pump it baby, see it is far too volatile to be a currency, rather stick to 'established' finance institutions rather than this peer to peer gimmiky thing,. Tell that to pirate bay vs copyright moguls ROFL,. Pirate Bay FTW!
BTC +-$8000,. just by following the TA aspect of the graphs, looks like the price that had to be reached to quench the January wind down,.
Further, BTC and most crypto's, if you look back in time, really it is common for them to pull back 50% every so often,. This wave is just shrouded with 'bad news' and as such Davos has to be somewhat co-incidental, all the big finance houses own the big MSM co's and yeah,pump it baby, see it is far too volatile to be a currency, rather stick to 'established' finance institutions rather than this peer to peer gimmiky thing,. Tell that to pirate bay vs copyright moguls ROFL,. Pirate Bay FTW!
Lol you have heard the term, 'trying to catch falling knives',.. i.e. DON'T,..
Personally i have lost so much good profit in the past by trying to buy back in when the market has not established a trend yet,. Let the bigger players fight this out, when they quench the sellers thirst, then it's safe for us pions to climb back in
MrGray
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Be careful of that assumption, as it is not necessarily true.
A more accurate way of putting it IMHO, is that there are at least ten other coins that look better than BTC because they have nowhere near the levels of congestion OR they are centralised solutions (e.g. XRP).
Pretty much all of the other decentralised coins will have exactly the same scaling issues at the same transaction levels, including big block solutions like BCH, whose blocks (and the associated bandwidth and storage to run a node) would need to grow to ridiculous proportions to scale much.
Meanwhile, because it was first, and the most established for transactions, and has the most attention and devs, BTC has been quietly implementing the kind of technology that will allow it to scale immensely and this will actually put it far ahead of most of the alts.
My thumbsuck prediction is this crash will be followed by a long period of sideways stagnation and gradual loss of interest in crypto, while BTC slowly regains it's status as being rather good for transactions (with the lightning network and RSK, etc) and the next cycle of growth will be when this gradually dawns on everyone, but it will take a while for that to gain traction.
An attribute of this price action has to be that cryptos have more 'retail' investors on-board than in regular share trading,. As such, these candidates are more prone to PANIC rather than HOLD,.. or #HODL as the new gen has coined
Yes to sideways - like a pap football it will have to behave for a while,. Plus retail investors have little muscle for this sort of price action in such short space of time,. Esp when so many of them got in far too late,.. EIshhhhh Painnnnnn!!
Hamish McPanji
Honorary Master
Yes, I know...you "have a foolproof system" with no potential for losses
Now you're just being stupid. Lots of people make money trading over a long period of time. Don't get mad at us if you're not doing the same.
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