Buying doesn't facilitate the drop in price. If there were no buyers then price would just gap down.
I forget what our point is lol....bitcoin has dropped over 80% twice, so we know how it cycles.
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Bitcoin being flipped by Ethereum?
- Thread starter tradertweets
- Start date
Buying doesn't facilitate the drop in price. If there were no buyers then price would just gap down.
I forget what our point is lol....bitcoin has dropped over 80% twice, so we know how it cycles.
Yes but Ethereum doesn't do what bitcoin does better than bitcoin.
What does bitcoin do besides offer an opportunity for speculators?
How is it a store of value when every 4 years or so we experience a crypto winter?
And may I add that although you have made very accurate preditions on where BTC will trade you haven't made any money. (Yet!!)
What does bitcoin do besides offer an opportunity for speculators?
How is it a store of value when every 4 years or so we experience a crypto winter?
And may I add that although you have made very accurate preditions on where BTC will trade you haven't made any money. (Yet!!)
(2008 ) Lambo. That's exactly what bitcoin does best..parabolic both directions. It's not a store of value or a currency. It's digital real estate. There are almost 10x the amount of eth to btc. If by take over bitcoin by market cap (10k todays prices) well who gaf...if take over bitcoin by price per coin you are dreaming.
btw thanks for noticing. If playing options getting the price right doesn't guarantee profits...especially with all the bs fees. I usually only play leaps with bitcoin etfs, but I am going to be only trading underlying instead of options for swing trades going forward.
I totally botched my big trade with bito. I was down about 20k on my long leaps I purchased in the summer by October (ftx scandal). I was confident it was going to move, but not sure it would move enough in time to get the profits I wanted. Anyway it did move, and I told myself I would get out at break even or above. Had I stayed in I would have max profited I think just over 100k.
This is the trade where the broker lady on the phone suggested using a paper account first when she saw I was down 20k and averaging down lol.
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Exactly!
Just like those IDEEEEEOTS who keep telling you to buy up real estate. Do they not see how every few years it goes through booms and busts? Only an idiot would buy a house. How stupid to think it is a store of value. Every time you check housing market the prices are changing.
Tell me you don't know how to take advantage of market volatility without telling me you don't know how to take advantage of market volatility. It sounds like government bonds are more your style or maybe just a high interest savings account.
Oh btw do people sell their houses just because they drop $1500? No. So why would you not do the same with a stock position?
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The flip is part of the hype.
The flip wont happen.
Ive got love for Ethereum and Im invested in it.I see all sorts of possibilities for it.However,BTC is the game changer,the path to the change the world has been looking for and needs.Theres no comparison.
So I suppose we'll keep this thread alive for five years and find out. Nothing will come close to BTC.