El duderino_
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July 30, 2020, 08:14:44 AM Merited by JayJuanGee (1) |
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If you thought holding was hard over the past few years, just wait until the #Bitcoin price is ascending relentlessly, instigating you to sell down your stack. *Develop a strategy now and do not deviate* Strong-handedness is more critical in bull markets than bear markets. https://twitter.com/breedlove22/status/1288682370090950657?s=213 day RSI above 85 -> sell a bit. Buy back lower. Repeat. Easy. Easy for some, hard for most
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LFC_Bitcoin
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July 30, 2020, 08:32:13 AM |
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Sell some short term so I can try to buy MOAR lower?
I’ve been heavily invested in corn for 6 years & never tried to day trade. It’s degenerate gambling imo & even if you’re an expert at TA, market movements etc you probably only have a 50/50 or 60/40 success rate. It’s not for me but maybe I’m just too stupid.
What I will do is when I think (it’ll be a total guess) we’re near some kind of top next year I’ve leave 6 figures on an exchange & at least try to buy some of the huge bulk of my stash I’ve sold back. It’ll be the first time I’ve ever done something like that. I might get to buy some of my stash back cheap but if I don’t, no problem, the rest of the coins I sold will be more than enough so I never have to work again, hookers, Lambos, blow etc.
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gappie
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July 30, 2020, 09:13:25 AM |
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If you thought holding was hard over the past few years, just wait until the #Bitcoin price is ascending relentlessly, instigating you to sell down your stack. *Develop a strategy now and do not deviate* Strong-handedness is more critical in bull markets than bear markets. https://twitter.com/breedlove22/status/1288682370090950657?s=213 day RSI above 85 -> sell a bit. Buy back lower. Repeat. Easy. Easy for some, hard for most I have been through the bull/bear cycles multiple times by now and it has always been extremely difficult in the moment when the price is going bonkers to keep sane and make the right decision. In the past I have mostly always decided to not sell any significant amount. This time I will try to time a percentage exit to fiat required to initiate the next phase of my life. I have compiled a long list of top indicators published by well informed members in the Bitcoin space over the last couple years. Hoping I have enough information on hand this time to time some sell orders without looking back with regret. Going to be tough. More tough than all the bear markets combined.
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AlcoHoDL
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Addicted to HoDLing!
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If you thought holding was hard over the past few years, just wait until the #Bitcoin price is ascending relentlessly, instigating you to sell down your stack. *Develop a strategy now and do not deviate* Strong-handedness is more critical in bull markets than bear markets. https://twitter.com/breedlove22/status/1288682370090950657?s=213 day RSI above 85 -> sell a bit. Buy back lower. Repeat. Easy. I see your point, but the stress and trouble of being glued to the computer screen for hours on end, waiting to catch the right moment to buy/sell is just too much for me. Not to mention that, in some cases, you may not be able to "buy back lower" and end up mindrusting it all... I'd rather HoDL. See, HoDLing is stress-free -- it earns you money while you sleep (nice quote, Mr. Buffett). Sure, short-term profits are modest, if any, but long-term gains are not too bad (only about 500% for me). I can live with that. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.pinimg.com%2F736x%2F82%2F51%2Fb5%2F8251b58b7eca77337568e6b224b669d6.jpg&t=665&c=wciGR1EZI0BdvQ)
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600watt
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July 30, 2020, 09:46:39 AM Last edit: July 30, 2020, 10:00:22 AM by 600watt Merited by vapourminer (1), JayJuanGee (1) |
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If you thought holding was hard over the past few years, just wait until the #Bitcoin price is ascending relentlessly, instigating you to sell down your stack. *Develop a strategy now and do not deviate* Strong-handedness is more critical in bull markets than bear markets. https://twitter.com/breedlove22/status/1288682370090950657?s=213 day RSI above 85 -> sell a bit. Buy back lower. Repeat. Easy. where is it right now? edit: I checked it and did some sloppy backtesting and it seems to be a working strategy. the important thing is to keep the "a bit" part small. very very small. i am not a trader at all. trading means you try to smart out folks who have more knowledge, more capital, more insider info, more experience, more criminal energy, and even more luck. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Dorodha
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July 30, 2020, 09:54:35 AM |
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If you thought holding was hard over the past few years, just wait until the #Bitcoin price is ascending relentlessly, instigating you to sell down your stack. *Develop a strategy now and do not deviate* Strong-handedness is more critical in bull markets than bear markets. https://twitter.com/breedlove22/status/1288682370090950657?s=21Just adding something when we can see history of past year after halving so see that bitcoin is highly movement. Current situation bitcoin movement is now slowly up button after halving we hopefully bitcoin price is highly moved on top around $23-24-25k or 6/7x price up then current bitcoin price. holding is always risky but possible gain. Also bull or bear market depend on real trader and investor broker/exchanger can pump price but not make stay strong price point.
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Bitcoinaire
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July 30, 2020, 09:56:43 AM |
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If you thought holding was hard over the past few years, just wait until the #Bitcoin price is ascending relentlessly, instigating you to sell down your stack. *Develop a strategy now and do not deviate* Strong-handedness is more critical in bull markets than bear markets. https://twitter.com/breedlove22/status/1288682370090950657?s=213 day RSI above 85 -> sell a bit. Buy back lower. Repeat. Easy. where is it right now? 71.5
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Jeremy Franklin
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I’ve been heavily invested in corn for 6 years & never tried to day trade.
Yeah me too.. Source
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LFC_Bitcoin
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July 30, 2020, 10:43:49 AM |
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Was that done with crayons? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fmedia0.giphy.com%2Fmedia%2FZcGStMD6r07de%2Fgiphy.gif%3Fcid%3D82a1493bgog8nir01zfku67xrrdzs7praixpetrzpmk8u6g7%26rid%3Dgiphy.gif&t=665&c=KUotcmS7gVppRA) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FVv1xsk9%2F91-CBDDC5-150-D-42-B3-94-D1-5-FEBB75-B3206.png&t=665&c=yzH3LepYoQbt7w) Kidding bro but fucking hell!
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vapourminer
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what is this "brake pedal" you speak of?
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July 30, 2020, 10:55:29 AM |
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isnt that part of what we signed up for? maybe not initially (for me originally it was the mining tech and a use for my game machines that did also did seti and folding on occasions, then later the actual use case and byob thing but that took a while) but now the roller coaster ride is expected. almost required now even. i admit i was falling asleep during that long sideways thing. i mean whats more fun that watching your stack jump or dive 40% in value overnight. well ok there ARE more fun things but they will remain unnamed as gentlemen dont discuss such things (so ive been told). the bitcoin rollercoaster guy is still the best meme on bitcoin ive ever seen. its so accurate as to what goes on. at this point anyway.
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strawbs
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July 30, 2020, 11:21:19 AM |
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isnt that part of what we signed up for? maybe not initially (for me originally it was the mining tech and a use for my game machines that did also did seti and folding on occasions, then later the actual use case and byob thing but that took a while) but now the roller coaster ride is expected. almost required now even. i admit i was falling asleep during that long sideways thing. i mean whats more fun that watching your stack jump or dive 40% in value overnight. well ok there ARE more fun things but they will remain unnamed as gentlemen dont discuss such things (so ive been told). the bitcoin rollercoaster guy is still the best meme on bitcoin ive ever seen. its so accurate as to what goes on. at this point anyway. It's more addictive than crack. Maybe even as addictive as sugar.
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Krubster
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July 30, 2020, 11:30:34 AM Merited by JayJuanGee (1) |
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Apparently, 27 members of the PlusToken scam have been arrested by the Chinese police. One of the most notorious and largest-scale bitcoin (BTC) scams of all time appears to have finally be taken down – with Chinese police swooping to arrest 27 suspects it said orchestrated PlusToken.
Per state-owned media outlet Chinanews, the Ministry of Public Security, China’s police authority, has announced the arrests, noting that it has now “completely destroyed a huge multinational network multi-level marketing (MLM) organization that had been entrenched both in China and abroad.”
The ministry said that it began its investigations into PlusToken last year when it discovered the scale of the firm’s alleged wrongdoings.
PlusToken is based in Yancheng, Jiangsu, and the ministry said it estimates that 2 million people made investments in the scheme, which comprises a 3,000-level pyramid. The total value of the crypto assets involved in the scam, it said, exceed USD 5.7bn. https://cryptonews.com/news/27-arrests-as-chinese-police-completely-destroy-plustoken-bi-7284.htm
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LFC_Bitcoin
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July 30, 2020, 12:02:38 PM |
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JSRAW
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July 30, 2020, 12:11:59 PM |
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600watt
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whatever the forces are that make bitcoins price explode in the slow motion pattern we are experiencing, I find it hard to answer the question where will it ever stop? I have the gut feeling that there is no limit. where is the point of saturation? where will be an equilibrium reached between the new truly digital money and the rotting fiat system? on the other hand, looking at the log chart price history it does appear to flatten out in the future. why is it flattening? 100k is indeed ridiculous. and so was 100 before.
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Karartma1
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July 30, 2020, 12:55:42 PM |
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If you thought holding was hard over the past few years, just wait until the #Bitcoin price is ascending relentlessly, instigating you to sell down your stack. *Develop a strategy now and do not deviate* Strong-handedness is more critical in bull markets than bear markets. https://twitter.com/breedlove22/status/1288682370090950657?s=21Wisdom. During bear markets we tend to accumulate as much as we possibly can but, as you said, during bull markets we could capitulate due to too much excitement. Having a strategy allows us to be more confident all the way up. Again, Dude, this is wisdom!
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El duderino_
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July 30, 2020, 01:44:42 PM |
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If you thought holding was hard over the past few years, just wait until the #Bitcoin price is ascending relentlessly, instigating you to sell down your stack. *Develop a strategy now and do not deviate* Strong-handedness is more critical in bull markets than bear markets. https://twitter.com/breedlove22/status/1288682370090950657?s=21Wisdom. During bear markets we tend to accumulate as much as we possibly can but, as you said, during bull markets we could capitulate due to too much excitement. Having a strategy allows us to be more confident all the way up. Again, Dude, this is wisdom! There are a few good posters in the twitter thrash-hole
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gappie
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If you thought holding was hard over the past few years, just wait until the #Bitcoin price is ascending relentlessly, instigating you to sell down your stack. *Develop a strategy now and do not deviate* Strong-handedness is more critical in bull markets than bear markets. https://twitter.com/breedlove22/status/1288682370090950657?s=21Wisdom. During bear markets we tend to accumulate as much as we possibly can but, as you said, during bull markets we could capitulate due to too much excitement. Having a strategy allows us to be more confident all the way up. Again, Dude, this is wisdom! Talking of strategies to sell some, what are strategies being planned by others here? - DCA over a couple weeks with start of first sell triggered by target price, technical indicator in combination with date
- BTC backed loans to carry you to the next bull peak. Pay back when BTC rate improves.
- Selling put options. Hedge to not miss the top, but can be costly when the bull gets going.
- Do you sell to USDT or some other fiat linked coin?
- Where do you invest/save your new stack of fiat in the current economy?
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cAPSLOCK
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July 30, 2020, 02:07:58 PM Last edit: July 30, 2020, 02:35:59 PM by cAPSLOCK |
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whatever the forces are that make bitcoins price explode in the slow motion pattern we are experiencing, I find it hard to answer the question where will it ever stop? I have the gut feeling that there is no limit. where is the point of saturation? where will be an equilibrium reached between the new truly digital money and the rotting fiat system? on the other hand, looking at the log chart price history it does appear to flatten out in the future. why is it flattening? 100k is indeed ridiculous. and so was 100 before. This is an interesting notion to me. But there HAS to be a point at which we reach a sort of saturation. But without total failure we could not be even slightly close to it yet. We still have orders of magnitude growth potential. It's like that chart with all the little boxes that represent 100 billion USD I think. Where does Bitcoin end up in that whole list... Certainly not with just ~2 boxes. But do we stop somewhere near/below Gold's market cap or even a little more? Or do we aim for some portion of the global money supply. The former is still a LARGE jump from where we are... between 50x and 100x of our current value. The latter is mindbogglingly astronomical... Almost impossible seeming if you run the numbers.
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cAPSLOCK
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If you thought holding was hard over the past few years, just wait until the #Bitcoin price is ascending relentlessly, instigating you to sell down your stack. *Develop a strategy now and do not deviate* Strong-handedness is more critical in bull markets than bear markets. https://twitter.com/breedlove22/status/1288682370090950657?s=21Wisdom. During bear markets we tend to accumulate as much as we possibly can but, as you said, during bull markets we could capitulate due to too much excitement. Having a strategy allows us to be more confident all the way up. Again, Dude, this is wisdom! Talking of strategies to sell some, what are strategies being planned by others here? - DCA over a couple weeks with start of first sell triggered by target price, technical indicator in combination with date
- BTC backed loans to carry you to the next bull peak. Pay back when BTC rate improves.
- Selling put options. Hedge to not miss the top, but can be costly when the bull gets going.
- Do you sell to USDT or some other fiat linked coin?
- Where do you invest/save your new stack of fiat in the current economy?
I will not sell most of my reserves under any circumstances. The only thing I see myself diversifying into if it is appropriate is real estate. I am hoping the lightning network and other layer 2 solutions begin to flourish over the next years, and my strategy will be how to move sats into channels via which I can pay for the needs of daily life. I am a simple man with absolutely no need for "Lambos",cannot afford the years taken off my life due to any drug habits, and don't want hookers. I would like a home in the mountains, and possibly a place by the sea... perhaps I will try to combine those two things and move to the up country in Maui. Then I just need enough to pay the bills. I suppose that sounds boring.
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