Solid but not 11

No I don’t use leverage. And I’m finished trading in this price range because I am happy with my position and strategy and any trade I could make would make me objectively worse off according to those metrics.  

The commentary was more directed at those panicking over arbitrary price swings, which we all know are inevitable.

There’s FUD floating around about delayed withdrawals on HitBTC.  Interpret that as you like.

You need to understand.  Every time it goes under $8700 I’m poor again which means I will be rich but when it goes over $8700 I’m rich again which means I will be poor.  And I’ve been rich and poor five times today and trust me, rich is better except it means you are going to be poor which is worse so it’s better to be poor and worse to be rich.    

Bcash lol is $948 so I think that’s delightful.  

And I’m rich again....

Troll accounts out.  Where were you guys at $11k when we needed you?

Ok if you have a stop buy and have calculated the cost then that’s good defensive trading. You can use collars on Bitfinex.  Good luck.

I edited my post see above.  

If this is going to be a crushing bear market your alts will suffer more than BTC.  If you want to sell some (not all) BTC that’s fine but don’t swim naked because you will get caught if it snaps.

You sold all of it or some of it ?

 If you sold all of it place a limit order now for slightly lower than you sold and buy back 50%.  Don’t punt it all in a single go.  You have to ladder in and ladder out.  

It’s a big number but it’s only 2 million coin days destroyed.  We have had a dozen transactions like that this month.

The big one this month was 69 million coin days destroyed.  

I’m rich again. Which means I’m going to be poor.  And that looks like a form of birth control.

Fuuuuuccck. It’s going up again.  I’m never going to have solid gold yacht at this rate.

Good.  That’s very Zen of you.  Stop trying to understand it and just accept it and you will be much calmer.  Then work out how to make it profitable. 

Look I get buying when there’s blood in the streets.  But Bitcoin is the only asset I am prepared to buy on the way down.  Everything else I like to see bottom and start moving back up again before I commit.  

Tell it to TRON bag holders.

Excluding the fact that no one really thinks about PMs anymore except old bearded preppers.

It’s as good as free advice gets.  I’m telling people to start buying cautiously at 57% below ATH but hold back fiat to cover it going lower.   There’s nothing wrong with that.  

You will recall our conversation from two days ago when I said I had FOMOed back in at $6500 and $8500.  Well here are again.   I’m done buying at $6500 and $8500 but I will definitely be buying again sub$5k if we get there.

Bitcoin go up Bitcoin go down.  Reasons don’t matter.

How are you ever going to be rich if you don’t buy into the dip?  Just plan ahead so you still have firepower left if it keeps falling.

Engage 1 minute candles !