Bitcoin Price Thread

lol, the HODLERS are getting desperate.

Timing is everything , turkey.

I'm a trader.

Figured out bitcon was on fire long before it hit even 3000.

If digging up ancient posts without context is the best your sorry ass can so, I declare VICTORY
 
The sad part is, when you get it right, the lowlife have nothing to say.

good thing , else they would be saying something daily, and have no time to lose their money .

couldn't have that.
 
SoesWasBetter said:
The sad part is, when you get it right, the lowlife have nothing to say.

good thing , else they would be saying something daily, and have no time to lose their money .

couldn't have that.
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If you were a little more cut and dry with your prognostications, you might get a tad bit more respect.
This whole wizard of oz thing.... while entertaining.... is just that.
Try posting definitive trades. eg... "short bitcoin now at 10,232".... or go "long MYSZ at $1.98"...
Or not.
You asked.
Until then... at least you're good for a chuckle or two. So you go So(z)es.
 
Johnarb, youa re talking like a religious convert...any idiot can tell us that those who got in a bull run are happy and those who got in late are crying
2 diff issues here:
1) Is it a good trading instrument: With such volatility, difficulty to hedge etc retail traders can loose faster then what they would in a normal market, professional traders may participate becasue they can handle this volatility etc some may not becasue they are worried about this being non regulated
If this is a bubble as many are pointing out then the only way to make money is to go short assuming it is going to crash hence it is not a mature market yet becasue no underlying strength ( compare this to a stock like Boeing GE or Unilever they all add value or a commodity like gold and oil or copper)
2) Is it a good store of wealth which you many times have promoted, and many more qualified people than me on this forum have answered back... but if you want to be so blinded by this it so be it...I would like to see you say to a person who bought these at $20000 that "Mr this is a good vehicle for wealth storage"
 
traderjo said:
If this is a bubble as many are pointing out then the only way to make money is to go short
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You never seen a bubble burst? It actually doesn't blow up like a bubble, more like a roller coaster coming down from the very top. Lots of ups and downs, but the general direction is still down. (aka lower highs and lower lows)

The point is, you can still make good money by going long, you just shouldn't be deluded that it would last.

Like I predicted the bounce from 12K, it went up to 17K, very nice bounce, but look where are we now.
 
Pekelo said:
Anyhow, let's go back to the price discussion. LOD is $8821 and no bottom in sight.
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That has changed to $8455, pretty close to my 8K prediction. It bounced up to 9200 from there,
currently it is still undecided at $8700 if it is going to visit 8K or not.
 
traderjo said:
however without ability to hedge/ do spreads etc. only way to defend is stop loss am I correct?
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Personally I never understood hedging. A good hedge also takes away a good profit and doubles the commission. But anyway, as long as we don't get a "tether went belly up and the whole BTC rally was based on thin air" kind of news, I would be comfortable just to average in. Lots of people still there who are dreamers and holders. This cat is still going to bounce around for years.

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Just checked but ETH almost went 1:1 with BCH today (1.15). 6 weeks ago it was 4.5 to 1.
 
johnarb said:
All I can say is that if a person actually puts a position based on what he reads on a forum, he/she probably shouldn't be trading/investing.
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Not all people are that smart. Those who are no so smart are the people the pump and dumpers were looking for. They needed idiots to buy at crazy high levels so that the pump and dumpers could dump their bitcoins at these crazy prices. I told at that moment prices were crazy and unrealistic and adviced not to buy.
Telling people that $17000 is a good entry level is to me close to a criminal act. I have a deontological problem with that. The not so smart people should be protected.
 
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