Dumping coins at high, then creating FUD and buys back low. Such a great strategy, I speculate Tesla didn't sold entire their portfolio but a portion. Elon will keep winning and we will be losing our position. Don't following like a sheep, don't give any value to this guy. I'm done with him, people need to stop talking Elon Musk and Tesla.
Well that's not how some of the crypto addicts on Twitter does their work, they follow what's trending and bullshit themselves into thinking that following the flow without thinking is the best strategy. My advice is that we just hodl and wait for it to go back up, and if you have spare money, buy at this red times since it is basically a sale for bitcoin. |
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We don't know the answer to that as the market is continuously doing what it naturally does which is going up and down as usual, if there is a big dump and it was down for a year then we could safely say that bitcoin have already peaked.
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People got afraid since many thought that tesla will dump their bitcoin and we see the effect on it the price drop after their announcement but gladly it recovers back when many whales support the rise of it again. But unfortunately right now bitcoin is dumping badly and I wonder why and how far the dip we can see today hopefully this is not the start of bear market season. Exactly, and they are mad about it as if Elon failed their expectations and as if Elon knows they exist. The dip isn't a bad thing, I feel bad that I don't have any money right now because I really want to buy some bitcoin for long-term hodling. |
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We have seen crashes and bear markets plunging bitcoin to -80% of the ATH, so it might not be entirely different compared to the previous tops and bottoms. $15k would be, IMO, the absolute bottom this current term can get if we are to base it on previous price performance. Of course, it can go several ways so there is no certainty as to what the absolute bottom of this current term is—and we haven't even explored the highest it can get as there are still a lot of upside potential for btc albeit being stuck in $50k - $60k for weeks.
Exactly, that's what I don't get with these people, getting scared that bitcoin is going down a double digit percentage and forgetting that the dip that bitcoin was the one they were wishing for back when it was still around the 4 digit prices. Absolute bottom in my opinion can only be confirmed after it has happened. |
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Well, people panicked and thought that the tweet is going to be the anti-bitcoin equation that they were ever waiting for so they can finally sell their bitcoins but it turns out that they made it look bad more than it really is and here we are. I don't mind the dips since 12% isn't a lot if you look at it in the grand scale of things.
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Good luck buying oil because I am sure that it is pretty difficult for an individual investor to invest in one. The closest thing that you can do is to buy at full tank in your car now that the prices hasn't gone up yet.
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Why did I read your title imagining the voice of Master Yoda? Pretty strange. I wouldn't say that trading is easy because it invalidates the effort that veteran traders have put into trading also how is it easy, it's not just a simple buy low sell high scheme because that will only get you so far, analysis involved is going to be really difficult because you are predicting which way the market is going.
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That is a need for us to set our goal before trading. It is very important for us to be guided and not getting worried about the market changes. It eventually showing changes all the time, if we just ignore that and don't let our emotions drive us but rather to stick the plan, that could be very easy. But if we are an emotional trader, this could be a big challenge that we need to conquer otherwise, this will be the reason of our failure and losses. That's the challenge, to become consistent and not to go with the flow and many people have a hard time doing that because they can't seem to shake the fact that they are losing knowing that it is a short-term problem. |
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The reason that hodling is good is because bitcoin price is proven to go up in the long-term and not hodling will only result in regret and FOMO because you didn't trust bitcoin to go up in the long-term and then you will make a thread in this forum about how you regret not hodling bitcoin when it was still cheap and then others will reply trying to tell you that it is okay but deep inside they think that you deserve it.
T OP doesn't think that way, he/she is pretty stupid to think that hodling isn't a viable strategy. I don't get the point of OP's post that it is not a necessity to hodl bitcoin or trade it which is essentially the only thing that you can do for now, either OP has a weak hands that hodling isn't viable for OP or OP wants other people to do what he/she did so OP isn't alone in the pits of having no bitcoin. |
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Have they stolen a lot of money already? Or your post was just in time to warn others about this scam sale. Looking at their website, it did look legitimate at first glance but the devil's in the details and you can see that it is a fake sale, I hope that no one has been victimized by these scammers, they are getting craftier each day.
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Do not deal with this site this scam hackbitcoinwallet.com
i buy from them crash game and they steal my money without doing the site
they are a scam site
With that name, you didn't think that there was no red flag in it that screams I am a scam website? Pretty sure that you are looking to do something shady that you stumbled upon this website. |
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Too bad because they are already branded as a scammer platform in this forum and you didn't do your research and hopefully this will be a lesson for you and other newbies to do some research before going in. You might be lucky though as they are trying to resolve some of the issues from other players although I am not sure whether those people got scammed for real or they are paid actors to make 1xbit look like they are heading to a different direction.
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Isn't it always been like that? We got McAfee, lots of hedge fund playing around on IDO/ICO/whatever they're labelling them with. It's not possible to be free from those big players, retail will always follow them. It won't last very long tho, when the hype dies it will die too. But doesn't mean they won't find a new way to mess the market.
It seems that OP is more affected on this current situation so he/she is more mad right now. How exactly do they mess the market though? That's the part that I don't quitely understand, is the messing involved manipulation. |
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This makes it now even more and more important to trust only open source wallets,,, and also as much as possible all the Ledgers and Trezors you ever bought, if you used your personal details you can be sure their databases are not only now vulnerable to hacker attacks (as we have already seen happen) but also to government requests.
I wouldn't worry too much about it at this point because if you think about it, the government probably has all the information needed to control and spy on you already, even before your introduction to cryptocurrency so no point worrying, they won't probably go rogue suddenly if you are living in a first world country. |
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Lending as a friend is totally different from lending as a form of business I think you got mixed up in the wrong way from a friend asking money from you but if you don't see lending as something profitable I believe the only solution for you is to decline your friend and not to promote lending as something wrong.
That depends on the friend that we are talking about though, because a real friend is someone that you talk to or communicate often and not just someone who pops up whenever they need something from you because those kind of people are abusive towards your relationship with you, they think that they will have it easy asking money from you. I wouldn't generally say that traders aren't miser in terms of lending because I know some people that aren't traders but a total miser. |
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With the current erratic nature of DOGE because of Elon's manipulation of the prices, I have to agree that you should hodl a DOGE since we don't know when will it go up or down and what better thing to do than to have some in hold so whenever a big spike comes, you have something to sell and get a profit.
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Buying low and selling high is actually a profitable technique of trading which is very easy that even a newbie in trading can follow this process and be profitable as well, but most people sees it so difficult to follow this strategy because some times there might miss out buying the deep in fear of price going deeper, well the little technique I used when I was new to trading was buying every deep and selling when prices goes up, all I do is trade support and resistance and at a point it worked for me, if prices must have moved so high I look for the last support and set my buy order close to it, some times it might take days for the order to fulfill but believe it turns out fetching profit for me.
It is profitable if you aren't a weak handed trader because not all the time there are highs when you are doing that and sometimes the prices that you are waiting for might not arrive for days, weeks or even months so do this with the knowledge that you might have to hodl your coins for a while. Also don't do this if you don't have any cryptocurrency yet, enter as early as you can because you might not find the right price to enter and the price continues to go up. |
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To anyone not wanting to click the Youtube link, it is simply trading tutorial in ByBit.
I had never traded in that platform, mostly I did only in Binance and EtherDelta back in the days but those were bad experiences as a newbie because I was still learning the ropes.
@OP please specify in the thread the specific exchange that you're plugging in from the video.
Thank you for the TLDR, I don't feel like clicking on the link so I was looking for something. Also OP you should share the trading strategy here and not just give away an external link that has a low chance that everyone is going to click it. I don't trade yet but maybe if I have a complete computer rig and stable Internet maybe I will try do gain experience trading. |
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I don't think that OP is going to back in this topic, pretty sure this is a troll that wants to elicit an echo chamber of his/her thoughts and seeing that a lot of replies don't agree with him, I think that this is a failed attempt. Also what sort of economic model is OP talking about that makes bitcoin different?
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