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Title: Go in now? Or would that be commiting a cardinal sin? Post by: 9thsky on August 07, 2021, 12:55:59 PM Those who have been in the game for a while, with black belts and several dans... What's your expert opinion?
I remember not long ago bitcoin was struggling to exceed $6k...and then seemingly overnight it shot up...$10k, $12k, $15k...and then it stopped for a bit at around $22k. We thought that was it...the peak. But nope, it just skyrocketed from there...all the way up to $64k. Are we experiencing a similar phenomenon now? Especially with ETH. Would it he smart to go in now from a not-too-long-term trading perspective? Title: Re: Go in now? Or would that be commiting a cardinal sin? Post by: jackg on August 07, 2021, 01:08:13 PM A 1-3 month hold would probably be alright about now without too much risk but if you've waited it out this long, why start now?
You might be better off coming back at the new $30k in 4 years and coming back to bet on that... I get a feeling a lot of old money in crypto waited until they expected this cycle to start before interacting with the market - back when we started rising past $10-20k - if that did happen then there's probably some waiting until now to start buying too since doing this last time would've netted you 10x (if buying the base of the crash). Title: Re: Go in now? Or would that be commiting a cardinal sin? Post by: 9thsky on August 07, 2021, 01:12:19 PM A 1-3 month hold would probably be alright about now without too much risk but if you've waited it out this long, why start now? You might be better off coming back at the new $30k in 4 years and coming back to bet on that... I get a feeling a lot of old money in crypto waited until they expected this cycle to start before interacting with the market - back when we started rising past $10-20k - if that did happen then there's probably some waiting until now to start buying too since doing this last time would've netted you 10x (if buying the base of the crash). I'm talking as a day trader contemplating increasing the stakes. Title: Re: Go in now? Or would that be commiting a cardinal sin? Post by: stadus on August 07, 2021, 01:24:42 PM Those who have been in the game for a while, with black belts and several dans... What's your expert opinion? I remember not long ago bitcoin was struggling to exceed $6k...and then seemingly overnight it shot up...$10k, $12k, $15k...and then it stopped for a bit at around $22k. We thought that was it...the peak. But nope, it just skyrocketed from there...all the way up to $64k. Are we experiencing a similar phenomenon now? Especially with ETH. Would it he smart to go in now from a not-too-long-term trading perspective? I would not go in now, I will wait until bitcoin will pump to $60k and then maybe there's a chance that it will break its current ATH. We never know but I have a feeling that what we are seeing now is just a bull trap, I have no basis at all, just my personal instinct. By the way, you are in the wrong board, you might want to move this to this board https://bitcointalk.org/index.php?board=57.0 |