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    ES Journal - 2023/2024

    I know you don't owe anyone anything, but I'm sure you also want either the respect here, or just the belief in yourself. Why else keep posting over and over again what you are doing or seeing? I also know you are sometimes busy right after you enter a trade, but lets face it, you never show...
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    Down to about $90k, where would you park it if your trading skills were trash?

    Good point. I'm just saying that when someone doesn't need bitcoin, its difficult to see it.
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    ES Journal - 2023/2024

    This is my point. Its not a misread. Its just that the market did something different. You seem to only say your trading is going well if you're making money, and you back this up with a chart when the trade is working. But if you also think trading is going well when you stop out, which is...
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    Down to about $90k, where would you park it if your trading skills were trash?

    Careful not to stand too close.... you might within the blast radius of the whatever you're waiting for. There will of course be a huge explosion, but its gonna be the fiat system.
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    Down to about $90k, where would you park it if your trading skills were trash?

    And this is why Bitcoin will get to $1MM. You're incredibly smart and talented and rich, and yet, you don't see it. @newwurldmn is also smart and rich and he doesn't see it. None of you need bitcoin, yet, but most of the world does. You're just happy knowing that your bank account is...
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    Down to about $90k, where would you park it if your trading skills were trash?

    Lyn Alden expresses well what killed the gold standard. Settlement is the problem. You can't move bricks of gold around easily. So then you have to do a paper gold on top of this, and now of course its digital, but this of course opens up lots of counterparty risk and you can't verify who has...
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    ES Journal - 2023/2024

    Thanks for the thorough explanation. Your posts though made it seem like you were still holding, and this is much different. You're of course allowed to post as much or as little as you want, but from what I gather, you just like to post the good stuff, and of course who doesn't. But in my...
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    Down to about $90k, where would you park it if your trading skills were trash?

    I can't prove what the future will or will not hold.... but.... 1. Ummm... the train has already left the station. People said this about the internet as well. Famous articles and headlines make their way around all calling for the demise of the internet. 2. And they are working very hard...
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    Down to about $90k, where would you park it if your trading skills were trash?

    Why are you obsessing over something you hate so much?
  10. N

    ES Journal - 2023/2024

    But did you really hold during that serious drop? You even mentioned that you scaled in higher. Then you say you use small stops. That huge drop must have been a fairly deep drawdown on your multiple lots.
  11. N

    Down to about $90k, where would you park it if your trading skills were trash?

    This is why I also said that this cycle might be the cycle that breaks all cycles. Everything else will break, and the world as a whole will agree on Bitcoin. There might still be some major deflationary collapse in fiat terms, but 1 bitcoin will always be 1 bitcoin.
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    Down to about $90k, where would you park it if your trading skills were trash?

    I agree as well, but these guys just don't see it yet. I like the property of sucking the monetary premium out of other assets like real estate. This has been especially painful for many people. You see all the chaos it creates, even within government. You have these local governments that...
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    Down to about $90k, where would you park it if your trading skills were trash?

    Sure, no rule states that is has to continue. And you don't have to buy any. But tell me this... as a rich guy, you likely have enough money laying around to buy a whole bitcoin. How many rich people do you think will be able to buy a whole one when they finally wake up and pay attention...
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    Down to about $90k, where would you park it if your trading skills were trash?

    I think its a really good initial target when you consider the market cap of gold. Bitcoin should absolutely reach this level in my opinion.
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    Down to about $90k, where would you park it if your trading skills were trash?

    Sure, all speculation, and no guarantee, but you buy insurance when PUTs are cheap... right? The reason why people are sure is partly because of the price history of bitcoin. We see the cycles of adoption, and there is no reason to assume it wouldn't continue. Bitcoin is looked at like a...
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    Down to about $90k, where would you park it if your trading skills were trash?

    What else will you trust? Remember how the London Metals Exchange busted trades because it didn't go the way for the big holders? Everyone is tired of manipulation. Bitcoin is the only sure thing out there, and more and more people discover this every day. You have Russia that learned what...
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    Down to about $90k, where would you park it if your trading skills were trash?

    This means that when everything is going to shit, people at least will be able to buy bitcoin. It will soak up all the liquidity. You can already see all the crazy shit happening.. like in the UK with their drastic attacks on freedom. The elite are fighting hard, and the rest of society needs...
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    Down to about $90k, where would you park it if your trading skills were trash?

    Its the release valve for all the shit going on. Once again, there is no solution to a $35T debt, $2T deficits, interest rates that if dropped will cause many problems, and a government that can't afford the debt. Most of the experts that I've watched said there has to be massive inflation...
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    Bitcoin Price Thread

    Here is something else I watched today with Luke Gromen. He makes the point that China might be softening its stance on owning bitcoin from what he is hearing. Further in the video, he also described how bitcoin is the last functioning smoke alarm with reference to all the monetary and...
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    Bitcoin Price Thread

    Sure, the DXY, but against JPY, well we all know what happened there. Once it starts going the other way though, then it will make things difficult again. Even Trump is I think saying the dollar needs to be weaker. But as the rest of the world rushes towards the dollar, it probably won't be...
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