Bitcoin is the gold of the modern era

heavenskrow

heavenskrow

Remind me in my deathbed- Or maybe I will have been lucky to sell at the top.
Who knows but I will trade this market with everything I have learned in my past 10 years of studying the market. Time to BUY ON DIPS BOYS!
 
Right. buy on the dips.
First dip was around end Apr 19.

What are we going to do next ?
There are two views :

- when price make new high and there is another dip, buy some more.
this is what the experts normally say.

- when price make new high there is another dip, get ready to close some position.
this is what the professional traders normally say.

Anyway trade accordingly to your own trade plan.
 
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heavenskrow said:
Remind me in my deathbed- Or maybe I will have been lucky to sell at the top.
Who knows but I will trade this market with everything I have learned in my past 10 years of studying the market. Time to BUY ON DIPS BOYS!
More...
How to buy/sell bitcoin? Can we buy on margin? are there options to protect?
 
nooby_mcnoob said:
Do you think other eras had modern equivalent to gold? What happened to those?
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There's nothing that I can think of that is like bitcoin except maybe gold. It's a black swan.

$0.0025 to $11,800 ($25 for 2 pizzas for 10,000 bitcoins)

People will say tulips, but tulips did not last over 10 years and did not recover once it crashed, which bitcoin has done a dozen times, and if they are so sure it's tulips and worthless, they should go ahead and short it at $11,800 and hold to $0. Easy money.
 
johnarb said:
There's nothing that I can think of that is like bitcoin except maybe gold. It's a black swan.

$0.0025 to $11,800 ($25 for 2 pizzas for 10,000 bitcoins)

People will say tulips, but tulips did not last over 10 years and did not recover once it crashed, which bitcoin has done a dozen times, and if they are so sure it's tulips and worthless, they should go ahead and short it at $11,800 and hold to $0. Easy money.
More...

Assuming you are right and that nothing like Bitcoin (i.e., a decentralized currency) has ever existed, wouldn't you think that cryptocurrency is the black swan and not Bitcoin?

Also, I still remember the pizza. That's what got me into Bitcoin earlier.
 
heavenskrow said:
Remind me in my deathbed- Or maybe I will have been lucky to sell at the top.
Who knows but I will trade this market with everything I have learned in my past 10 years of studying the market. Time to BUY ON DIPS BOYS!
More...


So you're stating it's going to go 40Y without making a NH?

(Gold 1980 to date).
 
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