I put a stop loss just below -REDACTED-. No worries boys. I got this.
Congrats.  No congrats until he closes the long in profits. Don't feed the reckless gamblers  |
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Here is an interesting opinion of Jim Rogers (which I completely disagree with, but i always like to listen to what opponents say): https://youtu.be/tNSXWkApxU8?t=410He basically says that if bitcoin/crypto would be successful, government can simply abolish it like England abolished scrip in the 30ies bymaking trading NOT in bank of england notes (pounds) a TREASON. Don't simply dismiss this, hopefully, wrong notion, because he is an old fogie since this is Jim Rogers, again, who happens to know about commodity markets quite a bit. He is not short, but not long either. Acknowledges that he might be wrong in his skepticism. I think that he is wrong because bitcoin provides a standard/reference point, is apolitical and not 'owned' by a particular government plus could accelerate the commerce in due course. Being neutral would make it resistant to the moves that he described, unless there is cooperation among G20. What do you guys think? Yes, it is perfectly "possible". But... why would they? Bitcoin have some features that may even be good for them. Also, before simply banning it, there are lots of intermediate steps: - Specific taxes - Mandatory report of Bitcoin holdings - Whitelisting only on fiat ramps - etc.... So, even IF any of that would happen it would take many years. I am not worried yet. |
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r0ach, all that insistence about silver and gold is great.... But why don't you come back when we are well into the next bull run?
We are poor now and need more bitcoins. We got no money nor time for that posh stuff.
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I have decided to write about what have been my errors during the past bull run and subsequent downtrend till now.
...<good stuff>...
I am writing this as advice for my future self, but hope it gets useful to someone else. Will continue.
What I learned this blowoff top cycle: When selling enough to cover Your Personal Lambo [tm], make the increment to cover the taxes part of the same tx. Lest you be required to part with more Corn for such necessity that you otherwise would. Worst case, you've got a bigger pile of stinky fiat than you need. Yeah, very good advice. One of the posts I plan to make about my mistakes regards to taxes or, better yet, decisions I made trying to (legally) avoid taxes that in the end were (much) worse than the taxes would had been. |
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Bitmex has the futures still in backwardation (under spot price), the further the expiry date the lower the price. Still bearish IMO.
Nah. It's completely safu now. People are already longing at 80x! You worry too much. |
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EVERYONE PAY ATTENTION TO ME!
HOLY SHIT. I ACCIDENTALLY LONGED AT 80x instead of 8x AT 3237. Talk about a lucky day! Of course I noticed my mistake but by the time I could correct it, we were impaled on a fast green dildo!
Not bad. So the beer's on you tonight? Maybe not tonight. I am hanging on to this long for a while like a bad gambler with an alcohol addiction. Still kind of hoping for another pumperino. Bollinger band constricting, Palms are sweaty Knees weak, arms are heavy Vomit on my sweater already Mom's spaghetti Wait, what? So you opened an 80x margin long by mistake, got the extreme luck that the price went in your favor and instead of thank the gods and close it and reopen with a more sane leverage you decide to... what? Let it go until you get rekt? |
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I wonder if days like this drive r0ach to drink.
I'm more concerned about Gembitz guy. He went missing after the price went up. Most probably he killed himself as he finally realized he won't be able to rebuy at 1500  He always does. If you check his post history you will notice he was weeeeing the bitcoin pump until around $1000. Then he vanished and moved to the altcoins section. Recently, when he though Bitcoin could go as low as his exit price he came back and started weeeeing the dump. Maybe he has lost any hope already. |
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Can’t wait to see everyone’s guesses get recked including mine  Weeee wee $11119 weeeeeee! |
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So how many hours or days until it go down again ?
Well the current mid term trend *IS* down. I don't really think it's stopped yet. When will it. That is the question. And the current long term trend has only ever been up.Unless we go under $150... That would mark a lower low and the uptrend would be definitely broken. |
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3500 didn't hold for too long - rally continues to 3600? Wee!
Protip: Using anything other than Bitstamp price is not going to win you any merits  I'm not here to "win merits" dude Give them to me. I was like you once... Now I am a merit whore. |
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47 people got the poll wrong so far.
The answer is "you don't know."
You don't get it, you intentionally vote no because you are always wrong. I intentionally voted no because I am hedging. Either I am right, or I am rich. Well, not quite... but you get the point. |
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The nerd in me just creamed his pants. How can he be in you if he's wearing pants? This just made me miss the Mayor... We all miss him. That's a FACT. |
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FRESH FROM WANGA/MASTERLUC TELEGRAM
The stock market is not so good. Bitcoin can easily stretch up to $ 2000. Winter is coming) But I think the correction is entering the final phase, and I would buy below 3000 if there were money =)
Original: Фондовому рынку плоховато. Биткоин может легко протянуть до $2000. Зима близко ) Но думаю коррекция входит в завершающую фазу, и ниже 3000 я бы покупал, если бы были деньги =)
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Dude, I have LOADS of ETC... and don't come here shilling for it. And that "news" about the Top addresses is just nonsense. Yes, it is way more distributed than Ethereum since many of early investors sold their ETC fork coins. But that is nothing news nor the distribution of the top holding addresses is that much relevant. If you want to shill at least focus on the main advantage of ETC over ETH: It's way cheaper and does the same function. That's all. Oh, and immutability and "code is law". Neither ETH nor ETC were intended as a store of value. |
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Noice. I don't know IF or for how long $3000 will hodl as a hard support but from now it hasn't even been properly tested. So, for the little amounts I trade nowadays (I am mostly ALL in), I will keep reloading near $3000 and selling the bounces. Rinse and repeat.
Rinse and repeat. Rinse and repeat... This is where you give the pole small twitches to induce a strike... What does that mean? |
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Looks like it wants to make another leg up.
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I would appreciate advice on what sort of proofs/documents did they request you to "explain where it came from". It might get handy to get them all ready in advance.
From my experience it was just screenshots of my exchange accounts. It may be different for each person though. Screenshots of what? I mean, the deposits? The trades? The withdrawals? It is because you sent the funds directly from one exchange to the other? What if you had sent from your hardware wallet instead? Hmmmm |
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....So, during the bear market, employ your time opening accounts in as many exchanges as you can, verify as needed, learn their UI, etc... During a bull market things happen very fast, and chances are that you won't be able to use that exchange you need to trade some fork/altcoin or use for fiat withdrawal if you have not done your homework well in advance.....
This is great advice. The bear market will be long and tough to endure, and this is just the sort of work that will be making progress, instead of anxiously watching falling or stagnant prices. Verification can often be a long process. It is also useful to be familiar with the rules of the exchanges and businesses you deal with. Yup, and during a bull run is way longer if they are not simply collapsed. Also, for withdrawals, it is also useful THEY know you. And the best for that is having made some deposit to them in the past (and what better moment to do that than in a bear market?). Exchanges do not like people coming out of nowhere and pretending to withdraw huge amounts of money. Yea, that is good advice for someone starting out. Bear markets are good for getting your infrastructure set up with exchanges etc. I sold some btc back in the first quarter and I had to go through a whole process explaining where it came from. Everything worked out fine , but definitely take advantage of this time to get set up. I would appreciate advice on what sort of proofs/documents did they request you to "explain where it came from". It might get handy to get them all ready in advance. In my case I sold some crypto to Gold Money to get USD. When I did , they asked for proof where I acquired the BTC. In my case it was ok to show proof of mining. I had old KNC and Bitmain receipts. Which they accepted. I also showed proof that I had a Bitstamp account going back to 2013. This was sufficient, although I could have shown more. They were then satisfied. So they basically just want some little excuse and not the whole chain of custody since you bought your coins, right? I guess in my case they would accept the bank receipts of the transfers I made to Bitstamp and Kraken since years ago.... |
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And one that hasn't even had a good call since he simply hit the jackpot by being early in Bitcoin and sold (probably too early). Now he is doubling down on Bcash instead of Bitcoin, Zcash instead of Monero... and ethereum. Yeah, right. Nothing to see here. Please, disperse. |
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Noice. I don't know IF or for how long $3000 will hodl as a hard support but from now it hasn't even been properly tested. So, for the little amounts I trade nowadays (I am mostly ALL in), I will keep reloading near $3000 and selling the bounces. Rinse and repeat.
Rinse and repeat. Rinse and repeat... |
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