I am short...

[RodeoX]

I don´t understand why people would go long bitcoin. I could not sleep all night with that risk. No issues with beeing short... In the long run bitcoin will be more or less worthless. To many flaws and old tech...

Really? I sleep like a baby with a gold spoon in his mouth. But if that's your assessment then I see how attractive shorting looks. However, I think a lot of people who tried shorting this week are very sad.

[NorrisK]

I've never understood why people short. Selling options makes sense because its a hedge, or at least, can be. Selling short is opening yourself up to liability that you shouldn't. You can lose everything that way. Not a great idea, IMHO.

I don´t understand why people would go long bitcoin. I could not sleep all night with that risk. No issues with beeing short... In the long run bitcoin will be more or less worthless. To many flaws and old tech...

What are you doing here still then? Go short and forget about bitcoin if you are so sure like you say.. The tech is not old, it is actually still brand new..

[jehst]

I've seen the film before. This is the part with very low volume sideways to up movement for several days followed by the next high volume dump.

[misterycoins]

Since 285 and want to commit suicide now.
which number should i call?

Please help me and all other bears!!!!!

if you want to follow a day-trading type pattern, you can try and ride the high and lows for quick profit; however, this is obviously risky.

[mrhelpful]

I`d hold.

Its at 295 now, and I rarely check prices. I probably check em every 1 time out of the whole week which is every monday.

But, its based on where this volume dump is coming from.. obviously im in a different approach with bitcoin.

[scott btc]

Having a target per day is unreasonable, trading is not work. If market God decides that market won't move today. You make no money

[techgeek]

I've seen the film before. This is the part with very low volume sideways to up movement for several days followed by the next high volume dump.

The past is always a history for a reason.

Its the learn from it right, so regardless of the up and down volume you can always expect nothing more to go up based on VC`s money already thrown more then $100 mill into bitcoin companies.

That alone says something, if not then I dont know what to say.

[dodgecharger]

Since 285 and want to commit suicide now.
which number should i call?

Please help me and all other bears!!!!!

Emotions and trading and investing go real bad together. It is effectively a guarantee that you will lose money because you decisions are dictated by your emotions.

[neurotypical]

You've had several opportunities now to get your ass back in the game and hold. Hope you learned the lesson: You can't outsmart the sharks and whales, so buy and hold long term, sell when you have a decent profit and think it will go down to buy back.

[Andy4.4]

You can get back those and even with some profit too.

[Chef Ramsay]

You can get back those and even with some profit too.

If you go way long at this point. Now is not the point to short bitcoin or litecoin, things are destined to take off and you should be mindful of that. If you did this 6 months ago, you'd win easy but now it's all long.

[Herbert2020]

Since 285 and want to commit suicide now.
which number should i call?

Please help me and all other bears!!!!!

if you want to follow a day-trading type pattern, you can try and ride the high and lows for quick profit; however, this is obviously risky.

i think it is safe to say that you should first learn to how to take risks and cut losses and then enter bitcoin trading market. because otherwise you are going to lose all your investment and get depressed over it

[srgkrgkj]

well I sold off at $260 mate so I think I'm the shortest here but I'm building my stash back up and hoping for the best

[Andy4.4]

You can get back those and even with some profit too.

If you go way long at this point. Now is not the point to short bitcoin or litecoin, things are destined to take off and you should be mindful of that. If you did this 6 months ago, you'd win easy but now it's all long.

No it's not gone anywhere.
Litecoin's price also increased recently to $8 from around $4 and then came back to $4 in just a few days.
So when pumps happen then dumps also happen after that.

[AtheistAKASaneBrain]

Since 285 and want to commit suicide now.
which number should i call?

Please help me and all other bears!!!!!

if you want to follow a day-trading type pattern, you can try and ride the high and lows for quick profit; however, this is obviously risky.

i think it is safe to say that you should first learn to how to take risks and cut losses and then enter bitcoin trading market. because otherwise you are going to lose all your investment and get depressed over it

I am unable to cut loses. Everytime I sell Bitcoin I honestly feel like an idiot. The only logical strategy with Bitcoin for me is simply buying and holding monthly, acquiring more BTC monthly, no matter if its a little bit or an entire Bitcoin, just buy and hold.

[thinkinger]

my strategy is having my money into two parts.one half is for having btc , one is staying in cash.if it raises 1 per cent , i sell 10 percent if 2 per cent , sell another 10 per cent and so on. if it drops 2 per cent , i buy 10 percent , if 4 per cent , buy another 10 percent and goes on. you could use this or sth like this.

[botany]

my strategy is having my money into two parts.one half is for having btc , one is staying in cash.if it raises 1 per cent , i sell 10 percent if 2 per cent , sell another 10 per cent and so on. if it drops 2 per cent , i buy 10 percent , if 4 per cent , buy another 10 percent and goes on. you could use this or sth like this.

Strategy should work in volatile markets, and bitcoin is definitely volatile.
However, if there is a big bull run, you will not get the full benefit.

[Patel]

Don't worry, we will see 270's again

Now it your chance OP, but we will probably see high 260's in a week

[thinkinger]

my strategy is having my money into two parts.one half is for having btc , one is staying in cash.if it raises 1 per cent , i sell 10 percent if 2 per cent , sell another 10 per cent and so on. if it drops 2 per cent , i buy 10 percent , if 4 per cent , buy another 10 percent and goes on. you could use this or sth like this.

Strategy should work in volatile markets, and bitcoin is definitely volatile.
However, if there is a big bull run, you will not get the full benefit.

you are right.it is suitable for not volatile times of bitcoin. for getting the advantages of a big run you can use another market . Buy wait and sell 20 percent higher. or sth. like that.

[criptix]

Since 285 and want to commit suicide now.
which number should i call?

Please help me and all other bears!!!!!

Call me, OP, I'll help you party.

I already did yesterday in anticipation of today but your thread got deleted