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1  Economy / Trading Discussion / How Would You Enter Now, Sell close to the top, then Rebuy at Dip? on: December 31, 2020, 08:02:58 AM
I know this is kind of gambling, but if you were to go at it how would you do it?

I would thinking of waiting for a obvious breakout pattern--fast price action upwards. And if I can catch it early then buy then sell at the buy price as a maker so I only lose the fees.

While sleeping I'll leave the order open and set a price alert on my phone to wake me up. Then Once the pattern stops  and reaches a horizontal phase I'll sell.

Then I'll devise a new plan from there, maybe the same thing repeat.

2  Economy / Speculation / No Resistance From $30K-$40K? on: December 31, 2020, 01:28:09 AM
I was watching someone on youtube. What I got was that if BTC hits $30K , there should be no resistance (I assume this means less resistance that previously) to get to $40K.

What do you think?

He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.
3  Economy / Speculation / Selling at $27K, then getting back in around $27.8K if breakout seems likely? on: December 28, 2020, 07:21:07 PM
I've held since 2015, and held past the 2017 crash, never cashing out until 2019 (at bad times) and 2020 (at bad times, and some "medium" times, i.e. 15K).

I'd like to get some out at least 27K but not miss out if it goes higher. Of course I'm willing to take relatively minor losses in order to not miss out if it goes higher.

The way I see is it that if BTC can hold above 27500ish for 12h-24h and then begins trending toward 28K-28.5K then I can buy back in and see if a breakout occurs.

But I also feel that if BTC goes below 24700, and holds below then we will see a further dip.

Instead of selling at 24700ish, I'd rather sell now at $27K or maybe even $27.3ish if I can, and then get back in around $27.7K-$28.3K, lower the better minimal loss

Of course I lose $700-1000 in doing this, but I lose more selling at 24700.

Now if it goes from $28.3 back down (false breakout) then I could sell again at at 27.3.  I could do this about 2-3 times (2-3 false breakouts) and it would be equivalent in a way to just waiting and selling at 24700.

I'd like to hear some opinions,  maybe I'm overlooking something?

4  Other / Beginners & Help / Air-gapping 2 devices vs. Trezor/Ledger? on: December 27, 2020, 07:46:04 AM
When I say air gap, I mean using 2 devices only to be used for crypto transactions. One of them is always offline. The other only
goes online to broadcast a transaction. Signing the transaction is done on the offline computer using a USB flash, which is then
put into the online device to broadcast.

I have both Trezor and Ledger, and I have always been skeptical about keeping my funds in a device where a company has the potential (not saying they do it, probably not, but I feel uneasy due to the potential) to have control of them whether through firmware exploit, hardware exploit (bugging 1 out of every 100 devices, when only 1  out of 100 people whine, the other 99 will be quick to assume they did some kind of goof up themselves), or some other method.   

I've read some bad stories about people losing funds during the updates and I believe most of them. Recently was bummed to read that Trezor has a hardware exploit, so if someone gets their hands on my device they can take my funds. And then Ledger is closed-source.

So I'm thinking about just moving my funds to my own devices as described above....I do you think I would like to hear some opinions?
5  Economy / Trading Discussion / Long-Term HODL With No Strategy Needs Some Guidance on: December 27, 2020, 03:52:41 AM
I've already sold 1/3 of my holdings and all seemed to be at really bad times. I have had no strategy. I have followed the price and watched a few videos a few times a month--most of them the terminology is over my head, but up until a few days ago I did not know anything about technical analysis.

I really regretfully sold a large chunk at 15K because I choose a bad stop loss. It was as 15.8K when I placed the order and I just choose 14.8K as the stop loss without any strategy. A few days later I came across a video that suggested 13.8K would have been a good stop loss.

I also sold at 6-7K in 2019, and even a little at $5K in march this year, but I didn't feel as bad about those for some reason as bad as they were Sad

The night I placed the order in early Nov. this year I wanted to ask someone what a good stop loss would be but I did not know who to ask? So I just put 14.8K.

Is there anywhere I could go in the future to ask such questions and get answers with short notice? I don't mind paying. I just literally don't know where to go.

I also thought about re-entering a few days later at 15.8K but I didn't know that it was a thing--again I'm totally in the dark about trading. I got into BTC on accident some years ago. It's a long story. I think I was mentally paralyzed in terms of what the tax repercussions would be if I re-entered so I just didn't take any action. Again, I didn't know whom to ask or anything. I was so confused on the tax stuff for months. I know it sounds stupid but I didn't even realize I could call an accountant. I've been so busy with other things in my life.

Worse, I didn't know I could buy back in  at $15.8K and ride the market. It sort of crossed my mind but I wasn't sure what the ramifications would be in terms of tax so I froze and just didn't know what to do . I needed someone to talk to again but did not know where to go.

Please make suggestions.

Ideally, I'd like
-To be able to follow 5 expert traders on a day-to-day basis and see what they are doing to get some guidance and then ultimately make my own decision
-A group where I can ask questions to about TA, good stop-loss, good-buy in time, etc.With people who are very interested and doing the same thing.
-A 24/7 place where I can get quick simple answers or someone to talk to
-Really would like to find some sort of mastermind group.
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