BTC goes up 50% in 4 weeks and...

Pekelo,

We are not making a market here, if you want to do that, then do it.

I'm not saying this is standard oil but $1 dollar was eventually worth $15,000. You have to hold through the ups and downs.

I believe in terms of modern finance this is one of the biggest innovations we've had in a very long time that will reward early adopters immensely.

Once you see the BTC ticker on CNBC you'll see that the public and funds will run this shit up to insane levels.

I could be wrong, and I'll lose a little, but if I'm right I'll make a lot.
 
Hoi said:
When you are convinced that market goes to $40.000 (like the Winkle-twins do) then the $1000 peak is just a ripple. Like the $270 ripple 6 months before. It's just too much risk for them to sell at a "perceived top", which happened to be no top after the fact, and then see the market going up and up without you...

Further: until there are professional exchanges: trading these kinds of amounts is much too risky (chances are that the Winkle-twins would be Goxed). Better to keep those precious coins in guarded offline wallets.
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You had 2 points, the 2nd one is a good one, that with shady exchanges it is risky to trade big, I agree. Although they could have tried dark pools...

But the first one I don't buy it. After all they are already sitting on a gazillion % gains, so even if they misstime the trade and they are right eventually, they just miss a few % profits, but no real loss occur. But if they time it right, they increase their holding by 30-50% or more...

So basicly it is a no risk (assuming they are eventually right) trade...
 
Zr1Trader said:
You have to hold through the ups and downs.
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Well, yes and no. Sometimes the bubble is pretty obvious and you can always follow the price with a stop loss order. Once the price goes exponential, time to scale out. Again, if you are right eventually, you only miss profits but there is no danger of losing everything by cashing out here and there....

So far BTC went exponential 4 times in 3 years if I counted it correctly. Just how many times can it be repeated???
 
Pekelo said:
Well, yes and no. Sometimes the bubble is pretty obvious and you can always follow the price with a stop loss order. Once the price goes exponential, time to scale out. Again, if you are right eventually, you only miss profits but there is no danger of losing everything by cashing out here and there....

So far BTC went exponential 4 times in 3 years if I counted it correctly. Just how many times can it be repeated???
More...

Why don't you become their consultant? They might be appreciative of the help.
 
Pekelo said:
Well, yes and no. Sometimes the bubble is pretty obvious and you can always follow the price with a stop loss order. Once the price goes exponential, time to scale out. Again, if you are right eventually, you only miss profits but there is no danger of losing everything by cashing out here and there....

So far BTC went exponential 4 times in 3 years if I counted it correctly. Just how many times can it be repeated???
More...



Everyone who used a stop gave me the fills of a lifetime when BTC-E spiked all the way down to $100 . They all got screwed immensely. Imagine if that happened to the upside if one was short!

Illiquidity is a little prob when you are trying to hit the exit in a very new illiquid market . So I was willing to provide some liquidity on the buy side and I got rewarded for it. Now I'm to my max position size of 2% on any one idea so I i'm done with any buy limits and have everything in cold storage offline.

The platforms out there right now aren't that reliable to be scalping or trading this market. They often are down when vola really picks up. That alone is the main reason I am not in and out of this market. I bot what I wanted and thats it.

For others that have traded it successfully , kudos, you were rewarded for the risk you took.

Me, Ill just hold it for at least 5 years and see where I'm at then.

Different strokes for different folks.
 
Zr1Trader said:
The platforms out there right now aren't that reliable to be scalping or trading this market. They often are down when vola really picks up. That alone is the main reason I am not in and out of this market. I bot what I wanted and thats it.

For others that have traded it successfully , kudos, you were rewarded for the risk you took.

Me, Ill just hold it for at least 5 years and see where I'm at then.
More...

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