|
All the bulls are so on edge. Such a backlash just because I gave some perfectly logical explanations why someone might be selling at 10k, other than this obsession with all sells being market manipulation.
|
|
|
|
|
I dont even know who blablabvealwlawl is but apparently hes had issues with me and already blocked me in the past (I had no idea) and now hes going to do it again and I'm apparently supposed to care so much he can give me that easy let down at the end like hes my ex. I'm going to guess that he forgot to use his astroglade last night.
|
|
|
|
|
If anyone ever wants to know why I sound cynical then this is why. God it's going to be so fun to quote all those arrogant posts if new lows come.
|
|
|
|
|
I am explaining the logic of the sellers at 10K. It applies regardless of whatever you think about me or future price movements. Changing the subject to something irrelevant like that to or the participant of a conversation is a sign of ignorance.
|
|
|
|
I never understood why there is resistance? I dont get it, can somebody explain? 10k will break. Why are people building walls to hold it sub 10k as long as possible?
I never understood this too why people are selling during a bull run. But the thing is 1) There are people who set a goal. "I bought at XX and will sell everything when it reaches 10.000" 2) Their are traders who sell and hope to crash the price by a few % and then buy back so they ultimately have more BTC 3) Wales make up sell walls (the 200 / 300 / 400 BTC walls you see) to keep the price below a certain level so they can buy all their BTC below a certain price. Once they are done they mostly lift their sell wall. There are probably more reasons :-) 'Sell into green' is a popular trader slogan in the rest of the world. These people aren't viewing this as a real bull run. They are viewing it as another dead glade bounce, perhaps the last one before the descent to new lows, and the last chance to sell. Perhaps they bought around 10K and swore they would sell around here. They will settle for 10K to sell their boatloads of coins and would rather not try to wait for the final top. The turn around from the top is likely to be violent and they may miss it, after which there may not be enough liquidity to sell large amounts of coins on the way down. |
|
|
|
Join us in the next episode of Sesame Street where young goyim TERA learns the miracle of spoofing to harness the power of the fact humans have a finite lifespan, so there really is a sucker born every minute.
Spoofing and such is over-diagnosed here. What is a goyim? |
|
|
|
I never understood why there is resistance? I dont get it, can somebody explain? 10k will break. Why are people building walls to hold it sub 10k as long as possible?
Usually the intent of a seller is to actually sell their coins, not to manipulate the market and "hold it down". |
|
|
|
By the way the bid depth here on all exchanges in fiat is still the same, or lower, than it was in the 6000s. If this was truly going to rally to the next ATH and such, the bid depth would be building much bigger. So this is a temporal rally.
Irrelevant. Money massed on exchange is by definition belonging to people that have already committed to the idea. This is not the driver of Bitcoin appreciation. The driver of Bitcoin appreciation is continued adoption. New entrants waking to the reality of ucorruptable money are the fuel for this rocket. You have idealistic ideas that are ignoring the simple facts of what I observe every time there is a rally. The bid depths DO increase - I've seen it ever time. The starting point may get more and more distributed each time but during the rally you can observe an increase. I'm also talking about the bid depth now versus the bid dept just a month ago and those kind of significant changes you are talking about dont occur in just one month. |
|
|
|
|
Altcoiners have gone full retard. I still dont underserstand why ETH is above $50. But it seems like theres this tide of $X00B dollars of speculative money that is going in and out of crypto to play the crashes and rebounds and this speculative money is going into all the major coins almost indiscriminately like a vegas casino floor so the smaller cap coins are more affected.
|
|
|
|
|
There was a 10 day floor at 8600. I dont see a floor of 9000 on the chart.
By the way the bid depth here on all exchanges in fiat is still the same, or lower, than it was in the 6000s. If this was truly going to rally to the next ATH and such, the bid depth would be building much bigger. So this is a temporal rally.
|
|
|
|
|
Crouching Roach, Hidden Bear.
|
|
|
|
Actually, it's tough to criticize you for those kinds of bear prognostications, and even if the prognostications are less strong than they were previously. In any event, tera beara, it seems smart and prudent for anyone attempting to predict BTC price movements to modify their position based on changes in circumstances rather than sticking to an outlined set of waves that do not seem to be working out.
I dont need to modify my position. I already have more than enough coins for the long run. I could have more coins but no way am I going to go through wiring money back to an exchange and jeapordizing my situation of not having to worry about employment (which was always my endgame and I dont need to be greedy). |
|
|
|
There's still like some % chance of that huge crash from 11-13k down to new bottoms, no?
Or even straight down from here.
Maybe tera means all the off topic.
Probably a 50% chance we crash from 11-13K, a 25% chance we crash right now, and a 25% chance it passes 13K. |
|
|
|
|
This is not classic TA. I dont know wtf is going on.
|
|
|
|
|
<style>
body {
background: yellow;
}
erc20 {
display: inline-block;
font-size: 30px;
background: brown;
color: black;
border-radius: 15px;
}
</style>
|
|
|
|
Tera what would you use as an indicator to renter the market? Or do you stay cashed out and rely on trading the remainder?
If I was to re-enter, I would re-enter when I see the train is clearly leaving the station (I dont need to pick the very bottom). In 2013 I reentered at $140 after the Silk Road bounce. In 2016 I didnt reenter because I had spent all the money I had cashed out in 2014 already. 0 Will I reenter anything I cashed out now? I'm not sure. Im already pretty satisfied with what I've left in already. I no longer need to be all in, plus there will probably be trades to make. Altcoin trading and wierd miraculous 2 hour blocks of daytrading has saved my ass and kept me in the game all this time. I'm not sure how well my strategies will work for a conservative btc/usd investor without an x factor. But occasionally taking some money off the table is always a good idea. |
|
|
|
I cash out at least 50% every rally which ensures both that I am able to enjoy life and that I have something to show if/when bitcoin finally crashes for good. It makes me much more confident about hodling the remaining portion.
how do you figure out when to cash out your 50%, exactly? or how much to HODL in preparation for any rally? For example, it seems that you had removed yourself from bitcoin during the crash from $1100 to $200, and you were reluctant to get back in. Also, you were talking bear talk all the way up in this past price run, all the way up past $1,, you were talking bear talk, and then further you became even more bearish above $8k, so perhaps you did not have any bitcoins remaining that you could cash out, even above $1k or even above $7k... Are you sharing a formula that others could actually use, or are you just making up some random non-specific and bearsicle practice that attempts to get HODLers to sell more? I had actually theorized that I would sell up to 50% of my HODLings at one time or another when the price was going up, especially if I were to sense that BTC prices were reaching a blow-off top.... however, I am glad that I did not follow such a practice, and really, I remain unclear about when to determine a blow off top, and in that regard, selling less than 20% of my stash incrementally on the way up has given me a whole hell of a lot of fiat to play with, so I cannot imagine selling more, or figuring out what else to invest in (besides bitcoin), if I were to invest. After every major rally or "bubble" I cash out 50-70% of whatever total profit I made from holding and trading so I can leave the market and take a break before the next one. I have been around for 3 of these events. Since I do lots of trading (mostly altcoins) during the rally, this amount actually ends up just being trading profit and not my principal (in btcs). The time I perform the cashout is when the rally is clearly over and most of the volatility from the resultant crash has gone away so that sticking around to daytrade becomes a waste of time. Usually btc is hovering around its median value or in some kind of dead cat bounce at that point. I know I took a lot out in 2014 as you said but I have never been all the way out. There has always been at least 25% remaining. In 2017 during the rally I broke my rules and kept cashing out early before the rally was over. I dont have an explanation for this that fits in my model. However I made all of this back times 3 trading altcoins (some with leverage) and then did the cashout again in Feb-Mar... At this point the rally was clearly over, I was trusting exchanges with way too much money, and cashing out was mandatory for tax purposes. |
|
|
|
|
I'm not making a hypothetical argument. The data on Coinmarketcap speaks for itself.
|
|
|
|
|
I cash out at least 50% every rally which ensures both that I am able to enjoy life and that I have something to show if/when bitcoin finally crashes for good. It makes me much more confident about hodling the remaining portion.
|
|
|
|
|
Show Posts
