I dont buy because someone say I should. I buy because of arguments. I know I shouldnt trade, especially since I want to hold long very long term but sometimes emotions got the better off me so I come to this thread to hear the voice of reason. I agree you are not all the incarnation of this voice, but I filter. Nonetheless, I think its urgent that I make a brain wallet so I dont do any stupid shit in case the best posters disappear and the only persons left are retards like me !
Edit: Thanks Adrian, I'll keep that in mind.
This is what happened: I had bought at 388, I wanted to sell off at 380 to buy back on sunday because its usually the moment where people lacks fiat. But now its 383 and rising ! I think I would have punched myself in the nose to educate me a little. This is how I learn. My problem is I can't stand being down short term. Its been hard to buy and buy in a bear market as everytime you back the next day its lower. Now I've launched multibit and this terrible software tells me that I've less amount in BTC that I had deposited. I think I should put some stuff into my asshole so I learn about dignity and how to handle loss like a fucking man.
If you sell when you see the price going down it's usually too late. It'll change direction sooner than you think. This "trading strategy" is one of the best guarantees that you'll lose your money.
Either buy & hold (especially now that apparently the downtrend has been broken), or educate yourself about trading. Learn to identify tops and bottoms, understand the basic indicators, identify support and resistance levels. Cut losing trades early and let winners run. Start practicing on a very small trading budget and don't add more funds before your trading profits are consistent because greed for bigger profits is what makes people lose eventually. And never forget to zoom out to see the bigger picture: Trade the larger trends, not the small fluctuations (unless you really want to go into scalping).
If this is what you want, take a look at tradingview.com . It's an amazing charting website and it offers plenty of tools for free. The community chat is also quite useful, I've learned a lot there! Many people are quite knowledgable about charting and trading BTC, some are just trolling. Just make sure you'll keep your own judgment because in the end even the most experienced trader can't predict the future, chart analysis just helps you to improve your odds above pure gambling
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