Get long bitcoin.

[noddyboy]

You got cancer. Need cannabis. Can you buy that with gold? Nope.

 

[noddyboy]

You are escaping Hong Kong. Do you hide gold in your underwear? Or bitcoin on your phone?

 

[Overnight]

I went long at 3k.

Look at the other thread. When everybody was screaming bitcoin to fall to 1k, I proposed a bet it will reach 20k first before 1k(This was when bitcoin was near 3k). I even explained that the support is ridiculously strong if it ever reaches 1kish to 2k that I dont see it falling to the 1k level.

Then sell it now, and lock in the profits?

 

[maxinger]

Get long! 93xx. !!

You are late by 6 weeks !!!!

Market might continue to go up. That we don't know.
You need to check what happened 6 weeks ago &
why you failed to pull the trigger.

The problem is that many people waited for double confirmation, tripple confirmation. They wait for news reporters, for experts opinion. They wait for all planets to be perfectly aligned. By the time they pull the trigger, the war is over.

market is merciless to those who are too slow, too late.

 

[HolyGrailSeeker]

Then sell it now, and lock in the profits?

Not now. It may fall some more now but I feel it will reach 100k by 2021 latest.

 

[Overnight]

...The problem is that many people waited for double confirmation, tripple confirmation. They wait for news reporters, for experts opinion. They wait for all planets to be perfectly aligned. By the time they pull the trigger, the war is over.

market is merciless to those who are too slow, too late.

Exactly!!!! That has been my Achilles heel for the last 18 months! Uggg.

 

[Trader Curt]

What regulation? All I remember reading about is that agencies are now preventing some states to disallow it altogether. It has the backing of no governmental agency? It is a wild-west instrument.

The government is already starting to shut down certain alt coins from being traded on US exchanges. And are now requiring exchanges to report back the amount of funds. This is the beggining of regulation.

And giddyup/gaussian, if you really believed in it, why didn't you go long at $4000? Yer' just chart following, and are finally convinced that it will keep going up from here.

You have no idea what i'm doing...

That's usually the time the rug gets pulled from under your feet.

They don't call it a stop loss for nothing...

 

[Overnight]

...

They don't call it a stop loss for nothing...

Good luck sir/ma'am. You're going to need it.

 

[Trader Curt]

It is absolutely not. It’s heavily manipulated and unregulated to the point it is a casino. I have no idea how people think it is a store of value. Simple economics seems to elude cryptocurrency fans.

It's a store of value whether you like it or not. Most of the population believes it's a store of value, then it's a store of value. Just like if most of the population believes that dog shit has value, then dog shit has value....

 

[Overnight]

It's a store of value whether you like it or not. Most of the population believes it's a store of value, then it's a store of value. Just like if most of the population believes that dog shit has value, then dog shit has value....

What value does it store? And when you have no electricity, what value does it have, at all, for barter?