Just like your guess on the list for highest price This year ..... around 7.5K or something
LOL
yer sorry, i got that one wrong. but still made
decent profit 20k peak.
You are hardly convincing.
How could you be in a position to be making "decent profits" at any point in time if you are continuously spewing bear scenarios?
If you attempt to live anywhere near your prophecies, then you are not going to have very much of your possible investment capital in bitcoin. Therefore you are quite likely to be way under invested into bitcoin during times in which the exponential price increases take place.
As the old saying goes, "you gotta be in it to win it" and bitcoin has a relatively low number of real bull days during any particular calendar year.. even during bull years... so if you are nearly always preaching the bear scenario, then you are likely going to largely miss out on those bull days, when they do occur.
It was meant to say "decent profit since 20k peak".
There is an element of truth to what you say. I didn't hold any bitcoin from after i got wiped out to now, just alts (traded some btc from late 2017). made about 2000% by this time last year. sold all my alts well before the peak. if i'd held bicoin and sold at the exact peak that would be about 1500% profit. made almost 400% trading since Dec 2017. So since, i guess approx mid 2014 (i can't remember the date), thats about 8000% in 4 years. That's a conserative estimate.
But i did't have much to start with, so still very small fry, but im happy and very greatful.
I suppose that it takes all types, and even those betting against bitcoin can make profits, even though it would be a lot more difficult to do so, especially when the price had gone up nearly 80x between late 2015 and late 2017...
But, yeah there were a lot of bear periods in there too... and like you mentioned additional bear periods in 2014.
i wasn't really betting against bitcoin, just had nothing left, so had to take bigger risks with relitivly unknown alts. It could have gone the other way, but the crypto gods were favorable. I have only shorted bitcoin a handful of times, and even then low amounts.
Well, yes... could be a matter of luck to get out of bitcoin at the right time and/or into various alts at the right time that end up outperforming bitcoin.
When people try to make various assertions that these bouts of luck in dabbling in alts are repeatable, they are largely spewing nonsense, because it takes a certain kind of timing, luck and insider information to be able to get some of those right (and especially on a consistent and repeatable basis. There were certain periods that you could have thrown a dart at the board and still done well (even better than bitcoin) on some of the alts.
I have nothing against bitcoin, my only problem is bitcoin evangelists, that only see bitcoin is going in one direction, and try to make out your point is not even worth contesting.
Well, one thing if you are in a bitcoin thread, such as WO, talking about the downfall of bitcoin and pumping various other coins, then you are either partly off topic or you don't recognize the value of bitcoin. Yes, there are a lot of bitcoin naysayers, trolls and shills who are spouting similar negative bitcoin ideas, so perhaps easy to get lumped in with those folks.
I also doubt that there is as much bitcoin evangelism going on in the WO thread as you make out to be. Of course, there should be some pro bitcoin nature to the whole matter because it is a bitcoin thread and bitcoin is a bullish and world-changing technology. At the same time, we have to expect the market to move in all directions, even while it is largely going up.
I would reconmend anyone to buy bitcoin, but proceed with caution and buy at the right time. Now could be the right time, or it could be later.
Yes. There are variations in this, too. Some people engage in dollar cost averaging and they never sell, and that is not a bad strategy too.
You can also attempt to buy on dips, and if you believe in a technology, then you should be attempting to accumulate and not get tricked out of your coins that you have accumulated. Of course, if you accumulated the coins at a much lower price, then you are not in such a bad position to sell some of them, even if you are selling at the wrong time.
But as for "continuously spewing bear scenarios?" , I haven't, there are a few short term bullish posts too.
O.k.. I might be exaggerating this assertion a bit, but you do tend to have an ongoing prevalence of non-justified and out of context bearishness in your posts.
But if you want to challange that fine, just bear in mind as per my post on 20th Jan 2018, I sold my trade at 12800, and it never got close to that price again. So until the price is above that, i was right to be mainly bearish for that time.
We are not in a contest. I don't recommend that people sell on the way down, but I understand if people over invested then sometimes they have to sell some on the way down.. which was the case on January 20th-ish.
So, who gives a shit, if you made a lot of money or not. If you get aggravated at supposed bitcoin evangelists (which I do not), I get aggravated at people who are bragging about how smart they are in terms of their trading.. especially if they sold on the way down...
Now, I do understand that there are more reasonable ways to come to such conclusions to sell on the way down, especially if you can acknowledge that you fucked up and you did not sell as much as you should have on the way up, the first time.
So certainly, each of us has ways of phrasing the situation that we believe is more acceptable in terms of considering overall strategies and overall mentalities in respect to an investment like bitcoin.
By the way, I do understand and accept that there are a lot of folks in this thread and in the real world that cannot get gambling ideas out of their head, so I understand that they frequently are engaging a form of gambling (and too much gambling from my own perspective), so I will push back on some of these kinds of gambling framings, even though I understand that a lot of people do it, including a lot of people that I know and respect (both in real life and on this forum).
Im short term bullish atm, which may become long term or may not.
Does that mean I should sell? hahahahahaha...
Surely, bullishness is going to have some difficult times breaking above $8k, $8,500 and $10k.. So I understand bullish reservations, that is for sure.
You already probably recall my approach which is not really to attempt to make any kind of short term predictions - or at least, I don't really change my buy /sell strategies based on short term price expectations. I will only tweak a little bit here and there, and I don't really make BIG moves. Accordingly, sometimes I am pushing back on folks who make BIGGER moves, but I understand that if you are feeling a bit heavy in fiat, then you might want to put a bit back in at these price points... but even that is not uncertain, and for that reason, I largely continue to practice and recommend incrementalism and smaller moves in order to always be prepared for both (UP and DOWN) price directions.
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