Bitcoin Price Thread

maxinger said:
Haven't traded BTC for at least a year due to its poor liquidity.

Perhaps when BTC reaches 10k, I will consider trading it and look for shorting opportunity.
margin requirement is still very very high ($16K).
So I expect Target profit to be very very high too.

There are very few BTC signals for day trading. It comes once every few weeks/months
unlike US index futures where there are day trading signals every single day.
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Are you shorting btc, yet?
 
johnarb said:
Are you shorting btc, yet?
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Definitely not. I don't short blindly.

wait for clear reversal pattern then I will consider shorting.

Anyway, I will trade BTC as a last resort as there are
hundreds of other more tradable financial products with much better volume and day range.
 
maxinger said:
Definitely not. I don't short blindly.

wait for clear reversal pattern then I will consider shorting.

Anyway, I will trade BTC as a last resort as there are
hundreds of other more tradable financial products with much better volume and day range.
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Thanks for the reply. Your answer makes a lot of sense. It's a stark contrast to your post when btc was at $8K and you posted that you were planning to short at $10K as if there's some magical signal when it crosses the $10K. It's just a number and last night it crossed $11K but below it, currently.
 
El OchoCinco said:
To bail or not to bail at this price level....
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I'm assuming that "to bail" is to sell for $/fiat, but the strategy that many long term crypto-enthusiasts (me included) have taken is to only sell what is needed based on personal circumstances and to hold the rest.

It's the same if someone really believed in AMZN and bought a long time ago when it was $10 and held through the ups and downs, the person probably didn't need to sell everything and still holding a lot of AMZN until now.
 
I speculated and bought at $4000. It was money I am willing to lose but now it hit $11,000 and that is pretty nice jump on a speculative bet since end of March.I am willing to hold until $20k or back to $4k so relaly not looking to unload.
 
El OchoCinco said:
I speculated and bought at $4000. It was money I am willing to lose but now it hit $11,000 and that is pretty nice jump on a speculative bet since end of March.I am willing to hold until $20k or back to $4k so relaly not looking to unload.
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It feels like we may hit ATH again. Keep an eye on the crypto market cap....we hit around 750 billion before it took a dump. I'm eyeing a trillion this time around....though regulation and overall economy may put a cap on that.

https://coinmarketcap.com/charts/
 
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