Bitcoin Price Thread
- Thread starter Magna
- Start date
Wow! That was amazing call, we went straight down just now, $400+
I don't have the skill to read charts, however I felt that bitcoin was in a bull market. I quoted passages from "reminiscences of a stock operator" because of days like today during a bull market that could leave us bitcoin/cryptos believers out of position if we were trying to time the trades.
There are people that can trade this and make profits every which way, but imho, the easiest trade and least stressful is to buy and hold in a bull market. I wish the best for all the cryptos believers, and we waited almost 3 years for this bull market and to be out of position or to have less shares ($ rewards) is not a good thing, again, imho.
http://www.tischendorf.com/2009/07/02/jesse-livermore-advice-how-to-trade-in-a-bull-market/
There are people that can trade this and make profits every which way, but imho, the easiest trade and least stressful is to buy and hold in a bull market. I wish the best for all the cryptos believers, and we waited almost 3 years for this bull market and to be out of position or to have less shares ($ rewards) is not a good thing, again, imho.
http://www.tischendorf.com/2009/07/02/jesse-livermore-advice-how-to-trade-in-a-bull-market/
Just shorted my position, it seems as if this market is taking a turn and we are due for a correction. I think a correction would be very healthy for Bitcoin because anything that shoots straight up is going to drop like a sack of bricks, and that's what we have done since 20K. But this market is also still very bullish, so we might not even have a big correction. I'm just going to say like any other guru you hear, "The market is either going to go up or down!"
