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TERA
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June 16, 2016, 10:23:44 PM |
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Ok serious question. Does anyone have an exit strategy here? I mean this is obviously another great Chinese commodity bubble. Remember rebar steel? Hell they just finished blowing up their stock market. This is serious.  I don't see a need for an exit strategy before ATH is broken. It's too risky to try to guess the top or risk that's it's actually an ATH rally and if it's not am ATH rally then the drop isn't going to go that low. Now if ATH gets broken and doubles then I can start thinking about a crash trading strategy |
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1116
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June 16, 2016, 10:27:21 PM |
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I just can't suffer through another long bear market. I'm fragile.
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spooderman
Legendary
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Activity: 1708
Merit: 1047
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June 16, 2016, 10:30:43 PM |
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Ok serious question. Does anyone have an exit strategy here? I mean this is obviously another great Chinese commodity bubble. Remember rebar steel? Hell they just finished blowing up their stock market. This is serious. I don't see a need for an exit strategy before ATH is broken. It's too risky to try to guess the top or risk that's it's actually an ATH rally and if it's not am ATH rally then the drop isn't going to go that low. Now if ATH gets broken and doubles then I can start thinking about a crash trading strategy we're not stupid enough to miss out on an opportunity like that. just tell us what your strategy is, and we'll copy you. https://www.youtube.com/watch?v=ZDOI0cq6GZM |
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dumbfbrankings
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June 16, 2016, 10:31:36 PM |
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Ok serious question. Does anyone have an exit strategy here? I mean this is obviously another great Chinese commodity bubble. Remember rebar steel? Hell they just finished blowing up their stock market. This is serious. I don't see a need for an exit strategy before ATH is broken. It's too risky to try to guess the top or risk that's it's actually an ATH rally and if it's not am ATH rally then the drop isn't going to go that low. Now if ATH gets broken and doubles then I can start thinking about a crash trading strategy I didn't get a single person admitting they'd bought a coin for $700+ this year. Hard to believe they will be buying $2000 hard enough to double the ATH. People have waited years to hit these levels, you don't normally get second chances like this. Once the euphoria is so strong that you're dancing around the room... it's probably time to start tip-toeing towards the exits. |
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gentlemand
Legendary
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Activity: 2604
Merit: 3089
Welt Am Draht
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June 16, 2016, 10:31:46 PM |
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I just can't suffer through another long bear market. I'm fragile.
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TERA
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June 16, 2016, 10:39:02 PM |
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There's no selling strategy while a bull trend is still in force on the daily timeframe. During this time there is only a buying strategy in which leverage is used to buy on sharp drops on various timeframes and stops just below the entries.
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AlexGR
Legendary
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Activity: 1708
Merit: 1049
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June 16, 2016, 10:40:54 PM |
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01:39:14 777.77 14.8359 01:39:13 777 0.5321 01:39:13 777.77 50.25  Onwards to 888.88.... |
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savetherainforest
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June 16, 2016, 10:41:00 PM |
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There's no selling strategy while a bull trend is still in force on the daily timeframe. During this time there is only a buying strategy in which leverage is used to buy on sharp drops on various timeframes and stops just below the entries.
I bought back in that 15% at a 0.01% loss ..  ... lets see where the ride takes us!  |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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June 16, 2016, 10:41:06 PM |
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after this little skirmish i'm thinking straight up to 850ish.
7 or 14 days of this kind of action and we'll at 3000$
What will make btc increase so quickly and to 3k in your opinion? I'd love to see that. because of various factors, price has been held back for a long time, bears and early adopted have sold out on the low due to some very convincing FUD, they fucked up, and bulls also fucked up by not buying more when the FUD was strongest, now that the FUD appears to have been unjustified and all the bears are dead, we are free to float up to a more reasonable price.  a price rise to 3000$ isn't a bubble it is a correction. |
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Master mind
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June 16, 2016, 10:41:48 PM |
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Welly well well. You Bitcoiners sure are making a mighty spectacle of yourselves. Where's the correction?
Like it or not: CHAIN IS FIAT MONEY |
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1116
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June 16, 2016, 10:42:35 PM |
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Fair enough. Personal automobiles for everyone.   |
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Master mind
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June 16, 2016, 10:44:10 PM |
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after this little skirmish i'm thinking straight up to 850ish.
7 or 14 days of this kind of action and we'll at 3000$
What will make btc increase so quickly and to 3k in your opinion? I'd love to see that. because of various factors, price has been held back for a long time, bears and early adopted have sold out on the low due to some very convincing FUD, they fucked up, and bulls also fucked up by not buying more when the FUD was strongest, now that the FUD appears to have been unjustified and all the bears are dead, we are free to float up to a more reasonable price. a price rise to 3000$ isn't a bubble it is a correction.  |
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TERA
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June 16, 2016, 10:47:46 PM |
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There's no selling strategy while a bull trend is still in force on the daily timeframe. During this time there is only a buying strategy in which leverage is used to buy on sharp drops on various timeframes and stops just below the entries.
So how did you handle the last bubble? At what point did you start selling? "Bubble", you mean in 2013? There were two giant red candles from $1250 to $800 (double top) and the 1D MACD crossed down and somehow I managed to miraculously sell moat of my coins at $950 and make lots of good volatility trades during the crash. |
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ThisIsMeLOL
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June 16, 2016, 10:50:40 PM |
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Bitcoin is just bouncing around, as it has been doing for the past 2 years. Bitcoin is stuck with all possible evolution made impossible, a victim of its own success.
Some people will sell good alts and use fiat to attempt to catch the 15% rise left in this period, while missing out on the 100%+ you can get on active and evolved alts.
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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June 16, 2016, 10:52:19 PM |
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TERA
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June 16, 2016, 10:54:28 PM |
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After the 2013 crash I had 4x as many coins with twice as much fiat value versus before the crash.
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spooderman
Legendary
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Activity: 1708
Merit: 1047
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June 16, 2016, 10:55:41 PM |
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After the 2013 crash I had 4x as many coins with twice as much fiat value versus before the crash.
this makes me mad cos i really wanted to sell then but was stuck in an airport. on the other hand, my reluctance/inability to ever ride the market has probably stopped me from losing everything. |
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TERA
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June 16, 2016, 10:58:35 PM |
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I was stuck in an airport for the first top and I was terrified but by some miracle it went back up so btc could have it's first ever double top.
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marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2349
Eadem mutata resurgo
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June 16, 2016, 11:00:57 PM |
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Poll
