JayJuanGee
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Activity: 3696
Merit: 10188
Self-Custody is a right. Say no to"Non-custodial"
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December 30, 2017, 08:56:59 PM |
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Even though a vast majority of us were predicting a kind of $20k to $24k range - which was at least 10% more than the then price, that does NOT mean that we changed our buy/sell (hodl) strategy in any kind of meaningful way. So in some sense many of us might make a prediction or have a hunch, but we may only play that hunch on the margins,
(snip)
Hodling and accumulating of BTC is likely to be the most profitable in the long run
The alternatives are either tricky/risky (timing the market with any reliability) or a bit more involved (laddered sell/buy on up/down ramps, à la JayJuanGee or jbreher). Of course, it is possible to have some small fraction of "play money" traded on margin just to see how it works out. It usually doesn't work out right, but it depends on more than one factor. I personally think that my system is close to fool proof - and serves as a kind of downward insurance more than a means to accumulate BTC (even though it seems like it has ended up doing both for me). Anyhow, I do understand the mindset that the sell on the way up and buy on the way down system does not really work in the real world. In the real world, I try to explain to several real world peeps, and peeps tend to have a kind of common emotional (I am smarter) problem of constantly attempting to play with too much of their stash and risking too much and tweaking in the wrong way to gamble too much because they are trying to get rich quick and time the price movements of the market rather than setting up their buy / sell order system in a more emotionally neutral way. So, maybe in the end, you are correct because real world peeps have a kind of inability to remove their emotion and they do not want to set up their orders like as if they were a robot? So maybe in the end, I try to act as if I am a human, but I got some kind of robot in me? Perhaps? Hey, hey hey,... I am just kidding, I am not robot. I have had several experiences over the years where I made mistakes and I tried to tweak my system here or there to time the market. But I learned from those experiences and just stopped engaging in that behavior - except very minimally, and sometimes, even if you make some "human" mistakes, you can also step back and make up for some of those mistakes too, by changing some of the orders around (quantity and/or spacing).. and frequently let the market come to you, rather than trying to force matters.
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TERA2
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Activity: 266
Merit: 222
Deb Rah Von Doom
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December 30, 2017, 09:06:21 PM |
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Could play out something like this
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conspirosphere.tk
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Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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December 30, 2017, 09:20:53 PM |
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So people are just whacking off and pumping/dumping things at random, aren't they?
Apparently so. But at some point those who don't want to keep their riches in the shitcoin of the day will have to go back to daddy.
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OWZ1337
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Activity: 140
Merit: 17
BITCOIN===>THE DISRUPTIVE CYBERCURRENCY
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December 30, 2017, 09:39:18 PM |
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So people are just whacking off and pumping/dumping things at random, aren't they?
packing up heading back into the real markets this shit is laughable i sold all around $19K :-D weee>_> n00bz NEVER listen~
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TERA2
Full Member
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Activity: 266
Merit: 222
Deb Rah Von Doom
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December 30, 2017, 09:40:44 PM |
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Never sell 100%. If fiat collapses tomorrow or all the banks and exchanges take your money then you are left with nothing. 90% is okay not 100%. If you must do 100% then you can keep coins on chain and short somewhere else to hedge it.
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rjclarke2000
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Activity: 1358
Merit: 1016
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December 30, 2017, 09:50:30 PM |
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So people are just whacking off and pumping/dumping things at random, aren't they?
packing up heading back into the real markets this shit is laughable i sold all around $19K :-D weee>_> n00bz NEVER listen~ Is this is gembitz? This your bear account?
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JayJuanGee
Legendary
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Activity: 3696
Merit: 10188
Self-Custody is a right. Say no to"Non-custodial"
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December 30, 2017, 09:51:32 PM |
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So people are just whacking off and pumping/dumping things at random, aren't they?
packing up heading back into the real markets this shit is laughable i sold all around $19K :-D weee>_> n00bz NEVER listen~ O.k. I will bite. If what you are saying is really true, and you do happen to be some kind of smartie pants wizard because you sold at $19,665 (dollar short of the top), then do you have any planned scenario in which you would get back in, set of events or a price target, or do you just make these allegedly "genius" plays by the seat your pants (and perhaps "intuition?)?
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criptix
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Activity: 2464
Merit: 1145
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December 30, 2017, 09:52:43 PM |
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Could play out something like this Target 10 k in February, 6-7 k in April.
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jojo69
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Activity: 3150
Merit: 4309
diamond-handed zealot
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December 30, 2017, 09:57:37 PM |
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I think what we've got is a couple things; old school whales doing some distribution, which is good, especially as the market seems to be digesting it, albeit with some gastric upset. We also have many many thousands of brand new noobs with their shiny new trading accounts behaving just like we did years ago...pumpdump back and forth, learning the ropes and getting their thrills with a couple thousand bucks, that is what a lot of these nothingcoin pumps are about.
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windjc
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Activity: 2156
Merit: 1070
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December 30, 2017, 09:58:49 PM |
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Could play out something like this Target 10 k in February, 6-7 k in April. Lol.
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starmman
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Activity: 1484
Merit: 1029
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December 30, 2017, 10:00:34 PM |
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I like a bear market every now and then, good redistribution for those with a bit of nerve - price always drops at new year, last day to pay fixed amounts on loans, plus pull out for tax. Make the most of it
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TERA2
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Activity: 266
Merit: 222
Deb Rah Von Doom
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December 30, 2017, 10:02:50 PM |
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For hardcore bitcoiners who see their wealth in coins and not fiat, a bear market is nothing, and is actually a good thing. It is a chance to get cheap coins, or multiply the coins with daytrading or margin trading. Since you are acquiring more coins, and your wealth is valued in coins, your wealth is going up, not down. It's all about what percentage of the pie you hold when Bitcoin is the world currency.
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Toxic2040
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Activity: 1792
Merit: 4141
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December 30, 2017, 10:11:10 PM |
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For hardcore bitcoiners who see their wealth in coins and not fiat, a bear market is nothing, and is actually a good thing. It is a chance to get cheap coins, or multiply the coins with daytrading or margin trading. Since you are acquiring more coins, and your wealth is valued in coins, your wealth is going up, not down. It's all about what percentage of the pie you hold when Bitcoin is the world currency.
Give that man a cigar..
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pixie85
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December 30, 2017, 10:18:49 PM |
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So people are just whacking off and pumping/dumping things at random, aren't they?
Apparently so. https://i.imgur.com/gUFKHZt.pngBut at some point those who don't want to keep their riches in the shitcoin of the day will have to go back to daddy. The question is whether this daddy will become Bitcoin or Bitcoin Cash I'd prefer BTC, but whatever it is we'll know by the end of 2018. I see only 2 options. Either BTC will go above 20k USD or the fee problem doesn't get resolved and BCC will get pumped to 10k USD. XRP and ETH are out of the picture.
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TERA2
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Activity: 266
Merit: 222
Deb Rah Von Doom
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December 30, 2017, 10:49:03 PM |
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Yup its always the news that the price moved $X "ON" something that happened recently.
"Bitcoin moves $2 on reports that bitcoiner lost his key"
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bones261
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Activity: 1806
Merit: 1826
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December 30, 2017, 10:57:28 PM |
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For hardcore bitcoiners who see their wealth in coins and not fiat, a bear market is nothing, and is actually a good thing. It is a chance to get cheap coins, or multiply the coins with daytrading or margin trading. Since you are acquiring more coins, and your wealth is valued in coins, your wealth is going up, not down. It's all about what percentage of the pie you hold when Bitcoin is the world currency.
Give that man a cigar.. That's right. Most of us who got into BTC in 2016 or before could have fiat to burn, if we wanted. Even a lowly minnow such as myself. We can't help it that many more got interested when BTC started going parabolic.
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El duderino_
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Activity: 2492
Merit: 12015
BTC + Crossfit, living life.
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December 30, 2017, 11:06:07 PM |
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Breaking 24777$ prediction game FINAL LIST 27/12/2017 bikerleszno 29/12/2018 cAPSLOCK 30/12/2017 digithusiast 31/12/2017 Raja_MBZ 01/01/2018 elg 02/01/2018 wachtwoord 03/01/2018 JimboToronto 04/01/2018 d_eddie 05/01/2018 BTCMILLIONAIRE 06/01/2018 HanvanBitcoin 07/01/2018 ghandi 08/01/2018 savetherainforrest 09/01/2018 explorer 10/01/2018 bicoinpsycho 11/01/2018 Bitcoinaire 12/01/2018 speedwheel 13/01/2018 undeadbitcoiner 14/01/2018 northypole 15/01/2018 ivomm 16/01/2018 maca068 17/01/2018 bitcoinvest 18/01/2018 last of the v8s 19/01/2018 mfort312 20/01/2018 1982dre 21/01/2018 flamast2 22/01/2018 RealMachasm 23/01/2018 willope 24/01/2018 kartala 25/01/2018 orpington 26/01/2018 rolling 27/01/2018 LFC_bitcoin 28/01/2018 jojo69 29/01/2018 CristiTCM 30/01/2018 rayX12 31/01/2018 realsteelboy 01/02/2018 twocorn 02/02/2018 mancroofer 03/02/2018 True Myth 04/02/2018 poolminor 05/02/2018 itod 06/02/2018 scheptan 07/02/2018 vapourminer 08/02/2018 alexeft 09/02/2018 siert 10/02/2018 AlcoHoDL 11/02/2018 Dunkelheit667 12/02/2018 yonton 13/02/2018 Wekkel 14/02/2018 Thekool1s 15/02/2018 starmman 16/02/2018 Globb0 17/02/2018 leveldkrypto 18/02/2018 olesh 19/02/2018 BitCoinBurger 20/02/2018 Paashaas 21/02/2018 flynn 22/02/2018 icygreen 23/02/2018 erisdiscordia 24/02/2018 phil_s 25/02/2018 sirazimuth 26/02/2018 Arriemoller 27/02/2018 yonton 28/02/2018 Muttley 01/03/2018 bones261 02/03/2018 heater 03/03/2018 soullyG 04/03/2018 InvoKing 05/03/2018 Notme 06/03/2018 sa_94 07/03/2018 NUFCrichard 08/03/2018 Imbatman 09/03/2018 Roombot 10/03/2018 STT 11/03/2018 badream 13/03/2018 erre 14/03/2018 julian071 15/03/2018 podyx 17/03/2018 fragout 18/03/2018 fabiorem 21/03/2018 dakustaking76 23/03/2018 nikauforest 31/03/2018 vroom 01/04/2018 somac. 02/04/2018 kurious 04/04/2018 fluidjax 05/04/2018 bitcoinbunny 08/04/2018 tyler1890 10/04/2018 ludwigvon 11/04/2018 hairymaclairy 16/04/2018 practicaldreamer 18/04/2018 free-bit.co.in 27/04/2018 drbrockoin 01/05/2018 sprinkles 02/06/2018 oblox 07/07/2018 IntroVert 03/08/2018 toxic2040 28/08/2018 bitserve 15/10/2018 Yefi 05/11/2018 mikenz 31/12/2018 melman2002 01/01/2019 Spaceman_Spiff_Original 12/02/2019 FractalUniverse 21/04/2019 gentlemand 20/02/2020 romneymoney 18/12/2021 luckygenough56 MERRY XMAS TO Y'ALL AND GOOD LUCK
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Rosewater Foundation
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December 30, 2017, 11:13:51 PM |
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Could play out something like this Target 10 k in February, 6-7 k in April. Lol. I lol'd once. It aged poorly.
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El duderino_
Legendary
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Activity: 2492
Merit: 12015
BTC + Crossfit, living life.
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December 30, 2017, 11:17:15 PM |
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Interesting that the majority feels price will be at 20-22k by the 31st....
I'm still calling $20000 by new year that would be one CRAZY run if this happens i would almost say to eat my own dick
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criptix
Legendary
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Activity: 2464
Merit: 1145
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December 30, 2017, 11:20:07 PM |
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Could play out something like this Target 10 k in February, 6-7 k in April. Lol. I lol'd once. It aged poorly. I WILL EAT MY DICKBANANA LIVE ON TV IF NOT
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