Is the crypto winter over?

schizo said:
Sneaking back in long @ 66.9k
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Welcome back to the long side, mate, back over 67k for now

That was a classic scam wick... waited for market close when etf's are not buying, do a big sell to cause liquidation cascade of all the late longs (leveraged),

cannot get scammier than that :D
 
johnarb said:
cannot get scammier than that :D
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It's a scam for sure, but that long wick you see below ain't no stop running. It's simply pump and dump, only in reverse. These violent shakeouts are usually done by fat fingers. But the thing is that I see this more frequently here than anywhere else. Somebody should look into this. But then again, who exactly regulates Bitcoin?

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theapprentice said:
I'm joining the longs here. (got long btc this morning. UK time. It's Up a few percent since then)

Room to add in case i'm buying a temporary high. But 100k ish is surely on the cards.

I've got 2 friends who both have never traded who both made a tonne of money on bitcoin fairly recently and i'm feeling the fomo haha
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this is already doing pretty good! haha
 
schizo said:
It's a scam for sure, but that long wick you see below ain't no stop running. It's simply pump and dump, only in reverse. These violent shakeouts are usually done by fat fingers. But the thing is that I see this more frequently here than anywhere else. Somebody should look into this. But then again, who exactly regulates Bitcoin?
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The bitcoin market is nothing like any other market

Not even the gold metals commodities market can compare, remember LME scam, bailed out the shorts reversed trades? fucking asshole regulators sacrificed the free market to take care of the wealthy fuckers, and of course the GME/AMC no one allowed to buy, only to sell

Imagine bitcoin trades 24/7/365, not just in the US, but also in Asia, and also in the middle east and also in Latin America and also in Europe

no circuit breakers, if there is a big seller and no buyers step in, who knows how low the price of btc will go, 10k or even lower

Of course now, there are the bitcoin spot etf's that are buying but only during US trading hours

But even before the etf's, there were natural buyers who stepped in

Anyway, I said a lot amounting to nothing. A friend of mine asked me how I'm able to sleep during this bull market, he thought I'd be too excited or anxious or nervous to sleep. I said I sleep very well at night... bull market is actually easier on the emotions
 
johnarb said:
Anyway, I said a lot amounting to nothing. A friend of mine asked me how I'm able to sleep during this bull market, he thought I'd be too excited or anxious or nervous to sleep. I said I sleep very well at night... bull market is actually easier on the emotions
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I think the smartest thing you did was have enough cash to live on, and time this in relation to the cycles so that you aren't forced to sell more during a bear market. It also helps that you are actively trading as well, and nicely up!!
 
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