I'm considering quitting ET when bitcoin hits $100K, until then, everyone has a chance to tell me I told you so if btc crashes before then
Why do that? Then you won't be around if and when BTC reaches 200K, 500, 1 mil.
Bloomberg Foresees Bitcoin Rallying to $400K This Year
- Thread starter johnarb
- Start date
Why do that? Then you won't be around if and when BTC reaches 200K, 500, 1 mil.
yup, a little bit, coz a bitcoin hodler pretender is a trojan horse, don't quite know how to attack you, lol
Anyway, you probably got less than $5K worth of crypto, can't bother with you too much, you're just a nuisance, yea I meant offense
Sorry not sorry
Out of curiosity, how many of you guys do you think are waiting to cash out at 100k? Can BTC really absorb all that selling?@Illini Trader I hope you're doing well, my friend. Yea, can't believe we're still having to defend being bitcoin hodlers and believers when bitcoin is priced at ~$60K!!!
These haters have no shame and won't admit they are wrong
I'm considering quitting ET when bitcoin hits $100K, until then, everyone has a chance to tell me I told you so if btc crashes before then
Its like real estate. If all of a sudden mortgage forbearance ends, and all the houses that are underwater get listed on the market at the same time, the flood of inventory will severely drop the prices. Who cares if a house on a street is selling for 1 million if 5 pop up all within a few blocks.
So if 100k is some magic number that everyone is watching, are there really enough buyers at this level to allow you to cash out within a few thousands of this level, or once we hit 98 or 99k, will it be an instant drop of at least 25%?
$100K is just a number, it's not a trigger for me to sell. Not even $200K, but I have small cashout plans based on pfolio valuation targets
Bear market confirmation is my sell signal, how do I know we're there, I'll follow some well known indicators known and shared by cryptos investors as well as my own assessment of fundamentals and price action
I find that for confirmation of a bear market, you usually need something like a lower low. Of course each person has a different assessment, but usually its already after a good correction. For stocks, many say 20%, but with crypto being so volatile, 20% is nothing. Clearly the best time to sell is on a high, but confirmation usually happens after some low is broken. So are you able to add any more insight? I don't think you mean wait for a 50% crash that doesn't recover.
Price action is only one indicator. Most important indicators are coin movements, that's why I've posted many times that this bull market is nowhere near ending, not when the coins are constantly being withdrawn out of exchange wallets into cold storage (offline wallets)
The minor corrections and recoveries you've seen on bitcoin lately are leveraged traders getting liquidated shorts and longs
Willy Woo has a $50/month subscription that I'm signing up today or tomorrow, a bit premature, as bear market is nowhere in sight imho
You know what's amazing? Cryptos are a trading market where you and I can have insider information through public ledger (blockchain) analysis unlike in the stock market where the big wall street players had advanced knowledge of the troubles in Archegos
https://twitter.com/glassnode/with_replies
What's your contribution to this discussion? Exactly, nothing. In the last 3-4 years the level of trash on ET has increased tremendously. Now continue banging your fists on the table while chanting "bitcoin, bitcoin, bitcoin". That's right on your level.
I don't believe you are worthy of my contribution to this discussion. In this thread where have you posted any actual analyses or facts? You've given nothing but ad hominems.
You are right about one thing, talking to you the level of trash on ET definitely has increased tremendously.
I'd go down to your level but I'm not interested in gay orgies seeing as you jumped in so quickly to defend your butt buddy @neke