Badly fukt wrote: » https://youtu.be/R1gSac_gUc8
[Deleted User] wrote: » https://youtu.be/R1gSac_gUc8
Graham wrote: » Why 28k?
SnuggyBear wrote: » Put all my coins into udst for the time being I think it looks like it is going to go down to 28k or so
thecretinhop wrote: » i am looking at buying bitcoin. set up e torro if i buy bitcoin is that it. i dont hsve shorts or longs and all dat craic just want to invest starting it handy neewbie here
Deleted User wrote: » His posts and manipulation are perfectly fine and absolutely no one using bitcoin should complain about lack of regulation, and if you have a problem with one man making something with a market cap of 835 billion dollars fluctuate by double digit percentages with posts on Twitter, invest in something that has fundamentals. My brother has lost loads of money the last couple of days and hasn't complained once because he's a grown up who understands what bitcoin is.
[Deleted User] wrote: » What's this mean?
Irish_rat wrote: » Theta holding very strong on this dip. 5-10x coming in the next two months
seannash wrote: » Wait til you wander into the ****coin thread.
Donald Trump wrote: » You're ok. I won't be taking any advice from you. It is funny for you to be telling me to educate myself when you don't seem to have understood the basic 101 questions I asked. I understand that there are patterns that repeat for your Bitcoin. Halving and peaks blah blah. As I told you, that is backwards looking data. I appreciate you may not understand the relevance of that. It is behavioural finance rather than any fundamental characteristic which is driving those patterns. People will still make good money because even though they understand what it is, they know that others are going to take the "cycles" as fact and so they can use that information to anticipate the cash flowing in.
Donald Trump wrote: » Hold on, I only referred to what one poster advised which was for people to put whatever money they had into "dips" without even indicating what a "dip" was. You don't need to be so defensive or have a victim mentality. I am only talking investment and risk fundamentals. Which remain the same regardless of the level of any particular market at the current time. If the market is up you've implied I'm bitter and if the market is down you've implied it's schadenfreude. When in reality I don't really care. I assume that people are at least aware of the maxim "don't put all your eggs into one basket". So whether it jumps up or jumps down will not make a huge difference to any one individual person in the greater scheme of things. It is extremely dangerous though to base large investment decisions on backwards looking data. There are patterns in other markets which do persist over time, seasonal etc, even though participants are aware of them, but they tend to be relatively small percentages. "large" of course is relative to the person. For one person 10k might be large and for another it might not be. That is up to each person to decide.
Idioteque wrote: » Pretty much every post you're misinterpreting or misrepresenting what people are saying but anyway, best of luck doing whatever you do with your own money.
Donald Trump wrote: » You're very paranoid dude. You can do what you like with your own money. I hope you do well with it.
Idioteque wrote: » It's interesting seeing people coming into this forum and thread of late with either a delight in what they percieve as the demise of Bitcoin/Crypto or just a general 'I'm a serious investor here to chastise you for your poor knowledge'. I don't get it. Why bother? Few guesses: 1. Traditional investor who makes market average returns with a chip on shoulder as the lesser educated 'gamble' their money and make better returns - now the chickens are coming home to roost so lets throw the boot in 2. Someone burned in a previous bubble (dot com/housing) and is now delighting in seeing others go through what they percieve as a bubble popping 3. Holier than thou attitude, the world is a harmonious loving perfect place but you crypto people are all propping up illicit activities and I'm on a mission to right things and restore the harmony. 4.Fake 'just trying to protect' people attitude. No one in their right mind takes advice from a forum like this on what to do. If you look back at a previous poster in this thread, most people refrained from giving advice and the 1st person that did told them to DTOR. But anyone deciding what to do just off reading this thread with no further research/work is a fool going to be parted with their money one way or another.
sparkletooth wrote: » This will be my last response. By "anything left" I meant dry powder you have set aside for investing. Look, you obviously aren't very knowledgeable about crypto or past Bitcoin cycles. Either educate yourself or use your time more valuably by staying off Crypto related threads. Not telling you what to do, just offering some advice. Now I remember why I stopped using boards.ie
Donald Trump wrote: » To me that is just an extremely volatile asset that nobody can actually value. It could be 300k next year or 3k or 3. I'm not saying it will go up or down. My point is just that it is extremely dangerous to see posts like Ignoring that I don't know what "NFA" is supposed to mean - that post is encouraging someone to put their last penny into an extremely volatile asset. If you give that advice then you need to qualify it with an honest assessment of the risk. My original response to the poster was of course a rhetorical one. They have no idea if/when/how price will go in short term or long term. If they did, they'd have sold their positions at 60k and bought back at 45k. Anyone is welcome to take a position on anything. I'm not going to tell you when anything is going to crash to zero or even go down or go up to a million. I don't put money into that market so I don't care. If I did, I'd be putting maybe 2% in. Something like that. I'm not criticising anyone other than for giving investment advice with no basis or justification. If you want to do a momentum play, that's fine too. In and out and bank the winnings. It's your money. You might make a lot doing it.
seannash wrote: » We aren't professional investors man. We anticipate (as do a lot of analysts) the crypto space to grow in the future and the technology associated with it to grow too. Dollar cost averaging doesn't seem like such a bad idea if you believe the market is going to grow. Nor is holding if you believe its going to rise. These two strategies can co exist. If i believe apple is going to continue to grow i could contine to invest a certain portion of my wages every month. Some months they might dip below the price i bought in the month previous but that doesnt mean I sell. Im not sure why this is so inflammatory. As for it being a different asset class, well i dont think TA works for crypto like it does traditional stocks so perhaps it is.
Potatoeman wrote: » It’s down from 54k a month ago to 36k but still up from 8k a year ago. Make of that what you will.
Suppress the ape brain and HODL. Buy the dips if you have anything left. NFA
Donald Trump wrote: » No professional investor will do that. What differentiates professional investors from amateurs is knowing when to cut losses. The averaging you describe is almost effectively a martingale strategy. A martingale strategy ultimately only works if you have literally infinite resources. Which nobody has of course. What happens is that people do that once and it "works" and they are convinced it will "always" work. It won't. Crypto markets may indeed be a different asset class, but the fundamental risk management principles are the same. Nick Leeson was able to move Asian markets to get himself out or a hole a couple of times. I think he also employed a martingale strategy too. But then a deterioration of his positions coincided with an earthquake which impacted Asian markets and he wasn't able to move them one time. So a bank a few hundred years old evaporated.
seannash wrote: » At the risk of being dragged into this he probably means that if you posses a crypto that is currently falling dont panic sell(Hodl). Instead buy more while its dipping so you potentially reduce your initial buy in price if your buy in price was higher than the current value or buy the dip to increase the amount of a certain crypto you posess because its cheaper now. This is all in the hopes it rises again. I dont see how this is contradicting to be honest, most people on here dont just invest once and forget about it This current price action is considered the dip, so buy the dip means buy it now
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