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wow, nice dump on bitstamp.
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I wouldn't trade BTC now in any direction if my life would depend on it..
The trend is still up but it will take a lot to break that 5600/900 barrier. If that bots there to push the price down as low as possible then I'd guess its also low on coins and if 900 can break then 1000 wont offer as much resistance. It doesn't seem too intent on going down hard though, not figured out if it has a low trigger yet but if its happy with a steady move in either direction then things could be calm for a while. Whatever it goes I am not touching it until it's clear as sun. It's in a stage where losing money is almost guaranteed. As others have said, buy and hold, daytrading in Bitcoin is a 90% sure way of losing money. All the TA in the world is no defence against even a single whale trade and bots are the most advanced and high budget area of AI R and D. An army of corporate geeks get fat pay checks to find ways to fool you into losing money and their work is backed up by enough funds to clean out all the exchanges in an instant. Its only getting started too, when all wall street is playing with the charts anything we do will be like walking into a war with a pop gun. No, it's not. Daytrading made my Bitcoin position some 30 times bigger. I made twice or triple of amount of Bitcoins I initially bought multiple times in one single day. I had many red days too but overall daytrading was good to me. Not sure for how long it would be now though as altcoin game changed as it's not as easy to jump in and out between them and btc anymore but so far it's been a good. |
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Guys. If I had just hold all the time I would be a multi millionaire, in dollars, today. Just saying.
Some people are just compulsive traders, drawn to trading like moths to a candle. It doesn't seem to matter how many times they're told that it's smarter to buy and hold. They don't want to listen. They just want to trade. If I'd listen to those that told me to buy and hold I'd still have 7 coins I initially bought for 900$ and they would be worth 6000$ now. I have not listened to them and I have much more coins and worth much more fiat. So no, thanks. I bought once and will never wire/paypal a single dollar anymore (well, unless it fails a lot  ). But I'll trade whenever I see an opportunity to do it. Sometimes I'll lost but I'll probably gain more in good trades. Those that are main preachers of B&H usually hold hundreds, often thousands they mined or bought for pennies, it's easy to be smart when you're in such position. |
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He is serious asshole but boy, his trading engine is miles ahead of competition. If he could only sell that site to some normal guy, it would beat all competition in month.
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I wouldn't trade BTC now in any direction if my life would depend on it..
The trend is still up but it will take a lot to break that 5600/900 barrier. If that bots there to push the price down as low as possible then I'd guess its also low on coins and if 900 can break then 1000 wont offer as much resistance. It doesn't seem too intent on going down hard though, not figured out if it has a low trigger yet but if its happy with a steady move in either direction then things could be calm for a while. Whatever it goes I am not touching it until it's clear as sun. It's in a stage where losing money is almost guaranteed. |
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I wouldn't trade BTC now in any direction if my life would depend on it..
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Bitcoin, why u do this to me?  Welcome to the club. Please take a seat in one of the many dark corners. Please ignore quiet sobs coming from the other members. I haven't accepted my losses, though, so I am all fiat still, trading a little on the ebb-and-flow inbetween. I've lost 4.5k and it's now on the level I would be 1-1.5k at loss. But fuck it, that's why it is fun, there's still lot more good moments than bad |
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Bitcoin, why u do this to me? |
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At $600 the 'trends' were still peaking (as much as I hate to depend on trends), the media was still pumping the bitcoin propaganda and people's interests were being piqued.
Now the trends are down, the media has been saturated (something thats hard for bitcoiners to accept, what people actually would just ignore our bitcoin arcitles???) and we are yesterday's news.
As far as not knowing how much 'pressure' is left. It's pretty obvious, we've been flapping off this ~1k resistance like a wet fish for for a while now, the only pressure that's left is in bull's heads.
My bearish call was about 7 hours after China popped in 19th November, public the following day. My correct calls have been to sell ALL bitcoins in 2011 for $25 (never before, nor ever after), and buy back at $2-$3 (which I did follow myself). The fact that after the actual pop in November, the old steam still inflated the bubble to almost twice the size is fun  Perhaps selling some more today - every day mounts more evidence that it's not going anywhere. Yesterday you said that 2nd bubble was first in which you were invested yet now you are saying that you sold at 25$ and bought back at 2$. YOu need help definitely, medical one. It took years to recover from 2011. It took months to recover from April 2013. This rally will be even easier to recover from. Barring some bad news, it won't take several months before we start going up again. We might, MIGHT, dip below $600 but I really doubt it. I thought for sure we would go back to $50. So much so that I ignored the obvious fact that the bottom was in at $66. People are staring at $600 now. Everyone knows the significance of that #. Barring bad news, I don't think we go below it. If we do then $500 will be the absolute bottom. But we will be headed north again, most bearish scenario, by February.
Agreed. The cycle is accelerating, all the signs are there. We're hitting the mainstream. Train is picking up steam, if you like. Risto and the bears are myopically pointing to the meaningless trendline... look at the time lag between the April and November rallies compared to the behavior before, and tell me this thing isn't accelerating. I'd be unsurprised to see the next rally inside of 3 months. I have also had my first bubble, which is characterized by disbelief, and the second (first in which I was invested) characterized by euphoria and denial of bubblepop. Now in my third bubble I am wiser and know the trendline, and the value of pi() is still 3.14159... even in heaven, and some things just don't change, and even if they do, you can quantify then mathematically. This is analysis over emotion thing now. Some point in the next 3 months we will see 0.5, possibly lower, and afterwards I will tell you how much I made. You(pl.) sound so much like me last April that I wonder if your investor cycle is one bubble behind me |
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and of course bastard is going down after I accepted a loss |
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Of course you took the risk, lol... The fact you think you didn't is irrelevant completely. Risk is sometimes smaller, sometimes bigger but as soon as you send coins from your wallet you're at risk  . I've had many trades that look like easy money that went bad or vice verse. Yes, I do hold 100+ btc in various crypto investments. I do not think that is enough though. You should hangout with Risto then. I find 100BTC perfectly enough for anyone. My advice is "Don't be greedy". All you have to do is hold. No, I won't hold as long as I think there is opportunity to trade. 100 could settle me for life only if BTC completely explode. 500 or 1000 could do it earlier. And I think betting with trading to reach 500/1000 is much safer option than to bet BTC will be 20-30k worth one day. |
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I have been saying, but it seems to be too hard to understand to some of traders here... (seleme and nemo to name a few) If you are trading bitcoins, one good approach is that you normally have 100% BTC (from your invested fiat) and if something happens like big up or down then you should have a clear plan what to do, short-term future becomes a lot more easy to predict when these major spikes appear first.
Forget about how much USD you have short-term, focus only to get more BTC, because longest trend is UP UP UP.
I have noticed that my biggest loses (BTC) come when I'm holding USD and waiting too long. Don't wait that the price falls.
Make a plan and stick to it when something happens.
This will get you with more fiat and more btc. Lol, what do you think I am doing my trading for but to get more BTC. I will never get more BTC just looking it going up, up and up. I'm very fine with having bad trades, if I only would have good ones I'd be filthy rich now. And millionth time, I don't care about holding bitcoin all the time, unlike permabulls who care only about usd dollar worth of their bitcoins and who bought at single numbers or so and now talking bullshit about holding to me who bought my first coins in March or to those who bought at 1k, I care about rising quantity of Bitcoins I hold. That's why I trade and that's what I managed to do trading. Bad trade here and there is acceptable and perfectly normal. The only thing I have to force myself to avoid is to trade as less btc vs usd as possible. I'm not good in that and I usually make bad decisions in that pair as I'm extremely small fish in that pair and got run over too easily. I am not suggesting that you hold forever. But what do you suggesting then? I went short when it looked like drop is imminent, I usually play on safe and take moderate profits so I needed 10$ drop or so more, to put my trailing stop orders and finish that trade with profit even if it would reverse. It didn't happen, I went to bed, it rose contrary to all indicators and went away from me so I took a lost. Shit happens I don't regret my trade at all, the only thing I partially regret is that I used leveraged shorting, that made my loss bigger. But it made my profit yesterday bigger too, bit smaller than loss but that's life |
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And millionth time, I don't care about holding bitcoin all the time, unlike permabulls who care only about usd dollar worth of their bitcoins I care about rising my Bitcoin value. That's why I trade and that's what I managed to do trading. Bad trade here and there is acceptable and perfectly normal.
I seek constantly to increase my bitcoin holdings, but it is even more unacceptable to have fewer bitcoins than I do now than to have additional coins. Therefore I do not even consider currency trading unless I genuinely have a larger edge on the market than the transaction fees will cost me (I do not believe this has ever been the case).
I would be scared to trade only if I would reach quantity of Bitcoin that would make me completely happy. Til then I'll trade like there is no tomorrow, I'll be rich soon with this shit or I won't have any. Something between is not acceptable. Not true. I do not believe I ever took significant risk with my ASICMiner options strategy and I made a buttload of money. I would be a millionaire if there was any depth to the derivatives market. Where irrationality rules, money is easy. By the way, you obviously have 100+ coins. That means if Bitcoin succeeds, even marginally, you're rich. So at this point you should stop playing games with your money. Of course you took the risk, lol... The fact you think you didn't is irrelevant completely. Risk is sometimes smaller, sometimes bigger but as soon as you send coins from your wallet you're at risk . I've had many trades that look like easy money that went bad or vice verse. Yes, I do hold 100+ btc in various crypto investments. I do not think that is enough though. |
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And millionth time, I don't care about holding bitcoin all the time, unlike permabulls who care only about usd dollar worth of their bitcoins I care about rising my Bitcoin value. That's why I trade and that's what I managed to do trading. Bad trade here and there is acceptable and perfectly normal.
I seek constantly to increase my bitcoin holdings, but it is even more unacceptable to have fewer bitcoins than I do now than to have additional coins. Therefore I do not even consider currency trading unless I genuinely have a larger edge on the market than the transaction fees will cost me (I do not believe this has ever been the case). No risk, no gain. I would be scared to trade only if I would reach quantity of Bitcoin that would make me completely happy. Til then I'll trade like there is no tomorrow, I'll be rich soon with this shit or I won't have any. Something between is not acceptable. |
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Well, this is not funny anymore, I definitely shorted BTC at very bad time  You could not have known. Nobody could. Doesn't help my wallet but yeah, it was odd one |
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I have been saying, but it seems to be too hard to understand to some of traders here... (seleme and nemo to name a few) If you are trading bitcoins, one good approach is that you normally have 100% BTC (from your invested fiat) and if something happens like big up or down then you should have a clear plan what to do, short-term future becomes a lot more easy to predict when these major spikes appear first.
Forget about how much USD you have short-term, focus only to get more BTC, because longest trend is UP UP UP.
I have noticed that my biggest loses (BTC) come when I'm holding USD and waiting too long. Don't wait that the price falls.
Make a plan and stick to it when something happens.
This will get you with more fiat and more btc. Lol, what do you think I am doing my trading for but to get more BTC. I will never get more BTC just looking it going up, up and up. I'm very fine with having bad trades, if I only would have good ones I'd be filthy rich now. And millionth time, I don't care about holding bitcoin all the time, unlike permabulls who care only about usd dollar worth of their bitcoins and who bought at single numbers or so and now talking bullshit about holding to me who bought my first coins in March or to those who bought at 1k, I care about rising quantity of Bitcoins I hold. That's why I trade and that's what I managed to do trading. Bad trade here and there is acceptable and perfectly normal. The only thing I have to force myself to avoid is to trade as less btc vs usd as possible. I'm not good in that and I usually make bad decisions in that pair as I'm extremely small fish in that pair and got run over too easily. |
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Alts used to be fun when people dumped money there when bitcoin would drop. Now they just follow btc. (LTC and NMC anyway - I'm not sure about PPC, FTC etc).
Yeah, just added that to my post above. It's much harder to do it now. All BTC-e alts follow Bitcoin now, and most of Cryptsy ones do. It's kinda shit  |
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I'm going back to my precious alts trading, I'm tired of btc vs usd one and I'm shit in it.
Good job, let the good vibes roll Maybe we can see another swing, so im full bitcoin again? Because 90% bitcoin is just not enough to me.  Hehe, but seriously I never knew how to trade BTC vs USD yet I always get involved in these shaky times thinking I might do it this time. Alts rulez though they are screwed now too. Before they were going in opposite direction of BTC so one could always use opportunity to hide himself in alts when btc would go in wrong direction, but now alts rise or fail together with btc and it's much harder to bank on them. |
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I do have 30k+ fiat left, I won't buy now too whatever happens. If I'd stay left behind, I'll just cash it out, I'm due to some cash out anyway from BTC, did only 2k$ so far.
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I'm going back to my precious alts trading, I'm tired of btc vs usd one and I'm shit in it.
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