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I don't like to say this, but I think we are bouncing off some kind of resistance here, the 200 week MA perhaps. If we don't break this thing we might be heading straight back to those lows.
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There is pretty much no sell orders after 6k (For bitfinex and stamp at least). That's interesting. As we get closer people will put some on of course, but to me it looks like people selling from this point to 6k were the ones catching the fallen knives and regret their choice.
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3 day candle volume is rather large
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Bitfinex order book just when nuts on the sell side. Shit ton more orders for some reason all in a rather evenly spaced out manner.
Edit: Somebody DCA out maybe. a lot of coins. 2.5k maybe
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Up 19% since the bottom (Bitcoinwisdom).  It sucks to be mindrust now I never thought I would be the one who sodl the bottom but it happened. It is over now. Last night the world was coming to an end, Now it is going to 100k.  This thing is volatile. I couldn't handle it. Maybe If I took profits when it was above 10k It would have been another story. I also wouldn't sell if that was a no reason dip but it wasn't. It was a global meltdown. Excuses won't change a thing... I think you were just over invested mindrust. I'll be honest here I've lost a shitload more than you on paper, but, I also have a good amount outside of bitcoin, so I'll never sell. I'd say get in at some point, just buy less. Don't think of this thing making you a multi millionaire or anything like that. Look at it like long-term savings for your retirement. At the moment my net worth is about 50% bitcoin 50% other, these levels of investment are still massive, but not disastrous, if Bitcoin goes to zero. My advice, less exposure. And good luck to you in the future. |
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Let's not judge guys... you don't know peoples financial positions or tolerance to financial stress either. It's been... it's been a day. Tomorrow will come and the world will keep on spinning. I'm sure in the long term we go up but at the moment it's all pretty crazy
Not to mention people have been watching their IRAs and 401Ks tank, they're worried about the nothingivirus, worried about getting laid off from work, maybe stressed out from figuring out childcare due to cancelled schools, and on and on. This is the problem, if this dump was happening at a time when world markets were not collapsing I wouldn't be worried. |
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Let's not judge guys... you don't know peoples financial positions or tolerance to financial stress either. It's been... it's been a day. Tomorrow will come and the world will keep on spinning. I'm sure in the long term we go up but at the moment it's all pretty crazy
Yes I can't echo this enough. |
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I thought I knew some of you guys.
I guess this is really separating the real hodlers.
Only one who sold was mindrust, so don't be too hasty. You have to admit this was a pretty disastrous day, losing 50% of value is not a minor thing. |
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"Another proof that bitcoin is not a good hedge versus risky assets in risk-off episodes. It actually falls more than risky assets during risk-off." Is BTC worth anything at all anymore after this shitshow performance? Unsure.. If it doesn't hedge against the normie economy.... then.... Fuck it.. Junk.. Bitcoin is too fucking volatile to be a proper short term hedge. Long term it has performed like a great "hedge" though. exactly, long-term this a hedge against corruption, fraud, and crony governments. And all of those things are gong to pickup steam substantially this year. |
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Put a buy order at ~4500 and going back to sleep. I want my coins back :d
I think you'll get them back. Just don't over invest. |
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"Another proof that bitcoin is not a good hedge versus risky assets in risk-off episodes. It actually falls more than risky assets during risk-off." Is BTC worth anything at all anymore after this shitshow performance? Unsure.. If it doesn't hedge against the normie economy.... then.... Fuck it.. Junk.. It is a hedge against money printing and censorship. The printing hasn't arrived yet, but it will soon, and this printing will be one for the ages. |
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To any newbs out there who just went through all that and didn't sell. Congrats, you're a man now. Still cant believe we actually got under 4k. Holy Flu Hoax!  via Imgflip Meme GeneratorI thought I was a grizzled ass veteran who's been in this BTC game for almost 9 years now. Today scared the shit out of me though. I can only imagine how it was for a noob. Still hodling though, and managed to buy more. can't agree more. I've been in for 7 years. Thought I had seen it all. The world is in a really fucked up place right now, anything can happen. But I know sooner or later we are going to see a lot of stimulus, CBs buying assets directly, but will also see helicopter money and debt purchases. This is going to be far more serious than 2008. |
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I do feel a little better now though
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This may not be over yet not huge amount of volumes on these green candles.
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5229
put a gun in my mouth
why the fuck I even woke up in the middle of the night
mindrust, try not to worry anything can still happen. lets just say it is over for now, well we are not going up to 100k anytime soon so you have time to decide what you need to do from here on. |
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order books are completely fucked up at the moment. everyone is using market orders
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Maybe someone mentioned this already, but was that not the biggest daily red candle in Bitcoin history?
How does one not buy that?
fear, and lots of it |
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I am out of my position from 4550USD.
Few moments later it went from 4000 to 4800 after I sold.
I am a nocoiner now.
Only lost $2k from my initial investment but who knows how much I lost from my future profits.
I just deleted every signature gain, every fork gain I got.
whatever happens I wish you the best mindrust. |
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Look on the bright side guys.. The closer it gets to zero, the less it can possibly go down any more  I'll finally be able to own 10000 bitcoins |
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Come on bargain boyz or vampire boyz or what ever your fucking names are. Help me out here Lambie
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