Think like that and you're just going to hurt a lot in the head. I do it often on very liquid trends, and it hurts. There is no "in-time" on the thing IMHO. Let the dust settle on the instrument, let it mature. Then we might see healthy cycling/trending.
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"Bitcoin Explodes Above $7000.. Then Crashes $600"... theory as to why
- Thread starter Scataphagos
- Start date
Think like that and you're just going to hurt a lot in the head. I do it often on very liquid trends, and it hurts. There is no "in-time" on the thing IMHO. Let the dust settle on the instrument, let it mature. Then we might see healthy cycling/trending.
Schweiz your losing my respect ,you cannot lose more than your stake in Bitcoin , if it goes up 10 times and comes back to parity you have not lost a penny , an opportunity perhaps , but no money was hurt in the making of parity .
I quote you " you can lose 10 times or even more. if you buy at 5,000 and the value goes up to 50,000 to crash then to 5,000 again, you lost 45,000. why? because everybody who has bitcoins thinks he made now already big profits based on the actual quotations."
.............. really?
I quote you " you can lose 10 times or even more. if you buy at 5,000 and the value goes up to 50,000 to crash then to 5,000 again, you lost 45,000. why? because everybody who has bitcoins thinks he made now already big profits based on the actual quotations."
.............. really?
Schweiz your losing my respect ,you cannot lose more than your stake in Bitcoin , if it goes up 10 times and comes back to parity you have not lost a penny , an opportunity perhaps , but no money was hurt in the making of parity .
I quote you " you can lose 10 times or even more. if you buy at 5,000 and the value goes up to 50,000 to crash then to 5,000 again, you lost 45,000. why? because everybody who has bitcoins thinks he made now already big profits based on the actual quotations."
.............. really?
trading, or rather gambling in this case, is all about making profits. that's the core business. if you lose 50% or more of the highest value of your "investment", a drawdown, I call it a failure.
you should protect your unrealized profits too, not just your capital.
a gambler buys bitcoins at 100$, when the bitcoin reaches 500$, he doubles his position, because he thinks that he made already a decent profit. doubling his postion is based on the (NOT REALIZED) profits, because if he would lose money he would not double his position.
trading is about preserving the capital and the (potential) PROFITS that are made. by telling: "i only lose my initial investment" it is clear that is a pure gamble, not a trade.
https://elitetrader.com/et/threads/fundamental-value-of-bitcoin.312707/#post-4508895"
Consider respect lost Schwiez,to me a profit is when you sell for more than you buy and visa V, but not you oh no , if price spikes and one didn't get out at peak that's a loss, even if price is at the level one bought at, if readers think this is a joke read the above and previous statement.
I suppose if a price halves and comes back to original you've made a huge profit ( according to the world of Schweiz). You've become a joke.
I suppose if a price halves and comes back to original you've made a huge profit ( according to the world of Schweiz). You've become a joke.
Consider respect lost Schwiez,to me a profit is when you sell for more than you buy and visa V, but not you oh no , if price spikes and one didn't get out at peak that's a loss, even if price is at the level one bought at, if readers think this is a joke read the above and previous statement.
I suppose if a price halves and comes back to original you've made a huge profit ( according to the world of Schweiz). You've become a joke.
you clearly don't see the difference between the first and the second scenario:
- if we go from 500 to 50,000 and back to 500, depending of the quality of the trader the profit will be between 0 and 49,500. so worst case result is 0.
- if we go from 500 to 0 and back to 500, depending of the quality of the trader the profit will be between 0 and -450. so worst case result is -450.
if you give back 50% of your potential profits you are just a loser, not a trader. you have then no clue what the market will do, you just gamble. and gamblers in the end always lose.