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For me, we first need to break ATH and then you can look back to see where the lowest point was. Until the high breaks, I think it's technically just a rally in a bear market. But of course, waiting for a bear market to officially be over isn't where the best entry is.

Although I agree with you, I'm ready to scale in on my BITX lower and lower. The lower they push it, the happier I am. Yes, I will run out of money to scale in eventually, but what is most painful to me is it not dropping. Now am I representative of the majority? I don't know. But I just...

I imagine its much more likely that China would do something like this since they have been accumulating like crazy. This would also sink the dollar I imagine because it would give any fiat currency much more legitimacy. Since central banks are buying up so much gold, I think there has to be...

If demand goes away, it won't be because some coins are lost. It has already happened before. Some custodians, who for example held coins for Swan apparently lost access to them. I also expect the risk control to be top notch for these ETFs, much more so than for other random exchanges, but...

So wouldn't your Bitcoin be worth more if it's lost? It's like a share buyback. Isn't that better than a company issuing more shares and diluting everyone? My only worry with the ETFs is that they lose the coins. This is why I am making sure to diversify my ETF allocation to a few different...

Your fascination with Bitcoin is the first step. Believe it or not, you are already on the road to adoption. Hating it is further along that just ignoring it. Eventually you will capitulate.

The good thing is that whenever he finally gets it, or is forced to get it, or governments start backing their currency with bitcoin so he is actually now indirectly using it, he can look back at these postings and shake his head, just like I had to do as I outlined the other day. Its so...

I need it bad... don't have my full position on and I don't want to keep chasing.

I don't even believe in the idea that AI will make lives so much better. If I assume the most generous outcome for AI, that is it actually replaces many boring jobs, that increase in productivity isn't going to flow down to most people. I use TSLA as an example. Suppose that FSD is finally...

The key difference is micro-cap. Its not like a $50B company growing rapidly. You can understand how it can 10x. But at these prices, its simply not a start-up. I remember reading a snippet about how NVDA is subsidizing companies that are buying its chips. They are literally subsidizing...

And it gets worse... In April 2021, I said this in relation to Tether: So I think most logical people are justified in missing out. https://www.elitetrader.com/et/threads/how-to-value-bitcoin.357951/page-7#post-5369961 Sigh... I was the dumb one. Good thing is that I was finally nice to...

And I found the post I was looking for!!!! Here is what I said... If BTC is so wonderful, why does it need the constant pumping? John says: What do you mean? Your constant updates each time BTC goes 1k higher. You don't seem to update us when it drops 1k. :sneaky: The SEC might come down...

I was thinking tonight about how I argued with John a few years back as he was calling out each $1k that bitcoin went higher, and so I decided to look up those posts. I haven't gotten there yet, but its interesting to read my first few posts in the crypto forum. I'm like a fucking Michael...

Simply because I do believe we are in a bull market, and I have studied the effects. Here I compare BTC spot vs. BITX. I highlight 4 different areas to compare, although I'm not suggesting you can time these entries precisely. Obviously during a drop, the 2x BITX drops faster, and here, shown...

I think the key here is that volpri isn't blindly averaging down. I have studied his posts for years and in his journal, you will see several days where he had to flip his position 2-3 times. Each flip is based on a rational read of the market. Its of course possible for the market to keep...

I'm actually not scared to average in as it goes lower because I'm mostly certain the lows are in so those lower prices are a god send. I have to think through the pros and cons of your approach. The other thing I wonder about is how to use the 2x ETF, which is futures based, and hence does...

I will never short, but I keep buying the 2x ETF BITX and plan to take profits, and then scale in again, hopefully lower, over and over again. What scares me is if I sell, and price doesn't drop but just keeps climbing. Then I will be stuck chasing.

There was a post on Twitter that some fund added a 1% Bitcoin allocation to their everything ETF. This is what we are saying... If everyone wants just 1% allocation in Bitcoin, the price will have to go up hundreds of percent.

I agree that you need to focus on the losses to the extent that all the best traders say to keep losses small and let the winner runs. But your whole thesis on visualizing how much you want to extract is like telling a fat 40 year old woman to visualize her ideal boyfriend and then prince...

My god you are so full of shit. First you make it sound like to make money all we have to do is just visualize how much we want to extract from the ES, and now you're saying the key is to focus on the losses. Please show us just one chart with your entries marked by the platform like Volpri...