I have been looking for this... thanks for sharing. But to be honest cryptos carry a greater risk
niceGLer posted:
If you look at the daily chart of BTCUSD one can see that it is almost dead by now. No significant movements to any direction. In engineering language one can describe it as an exponential overshoot curve followed by attenuated oscillations (ringing). I wonder if this is a permanent situation?
That doesn’t mean, BTCUSD is over! Mate, the value of crypto market is really incredible! Maybe very soon, we’ll see such an outstanding move like 2017 for sure.
jamesgwyther
Membre depuis Aug 05, 2017
posts 289
Oct 08 2018 at 12:23
I trade Crypto. I enjoy it.
kieran
(snapdragon1970)
Membre depuis Sep 12, 2015
posts 1948
Oct 08 2018 at 13:03
Weekly chart don't look good for BTC ,I'll sit on the side line till it breaks much lower.
"They mistook leverage with genius".
Matt
(BluePanther)
Membre depuis Jan 25, 2010
posts 1358
Oct 09 2018 at 10:04
snapdragon1970 posted:
Weekly chart don't look good for BTC ,I'll sit on the side line till it breaks much lower.
SELL BTC!!! It will only go down! 😎
yellowman94
Membre depuis Oct 09, 2018
posts 41
Oct 10 2018 at 08:08
Thinking about risks related to crypto’s for a while now. Thanks for sharing, this was a great help.
vontogr
(togr)
Membre depuis Feb 22, 2011
posts 4862
Oct 10 2018 at 10:01
BluePanther posted:snapdragon1970 posted:
Weekly chart don't look good for BTC ,I'll sit on the side line till it breaks much lower.
SELL BTC!!! It will only go down! 😎
The expectations are quite opposite.
https://cryptodaily.co.uk/2018/08/why-bitcoin-btc-might-still-hit-60000-by-july-2019/
kieran
(snapdragon1970)
Membre depuis Sep 12, 2015
posts 1948
Oct 10 2018 at 11:28
There will be opportunities in both directions ,I never rule out that possibility,charts can tell a lot but it only takes some positive data/news to flip direction.
"They mistook leverage with genius".
Pipperidge
Membre depuis May 23, 2018
posts 13
Oct 10 2018 at 13:37
togr posted:On top of that:BluePanther posted:snapdragon1970 posted:
Weekly chart don't look good for BTC ,I'll sit on the side line till it breaks much lower.
SELL BTC!!! It will only go down! 😎
The expectations are quite opposite.
https://cryptodaily.co.uk/2018/08/why-bitcoin-btc-might-still-hit-60000-by-july-2019/
https://www.ccn.com/breaking-worlds-biggest-stock-exchange-operator-is-launching-a-bitcoin-market/
https://finance.yahoo.com/news/yale-university-invested-two-cryptocurrency-122602108.html
Bitcoin and cryptos are here to stay. Where the prices will go - we'll have to wait and see. But the way I see it in the longterm - it will only go up.
jamesgwyther
Membre depuis Aug 05, 2017
posts 289
Oct 10 2018 at 18:16
snapdragon1970 posted:
There will be opportunities in both directions ,I never rule out that possibility,charts can tell a lot but it only takes some positive data/news to flip direction.
WHy I trade it up and down :)
vontogr
(togr)
Membre depuis Feb 22, 2011
posts 4862
Oct 11 2018 at 08:07
snapdragon1970 posted:@Kieran I like your motto
There will be opportunities in both directions ,I never rule out that possibility,charts can tell a lot but it only takes some positive data/news to flip direction.
Matt
(BluePanther)
Membre depuis Jan 25, 2010
posts 1358
Oct 11 2018 at 14:52
Pipperidge posted:togr posted:On top of that:BluePanther posted:snapdragon1970 posted:
Weekly chart don't look good for BTC ,I'll sit on the side line till it breaks much lower.
SELL BTC!!! It will only go down! 😎
The expectations are quite opposite.
https://cryptodaily.co.uk/2018/08/why-bitcoin-btc-might-still-hit-60000-by-july-2019/
https://www.ccn.com/breaking-worlds-biggest-stock-exchange-operator-is-launching-a-bitcoin-market/
https://finance.yahoo.com/news/yale-university-invested-two-cryptocurrency-122602108.html
Bitcoin and cryptos are here to stay. Where the prices will go - we'll have to wait and see. But the way I see it in the longterm - it will only go up.
You HODLer. 😀
'Everything' goes up - it's called INFLATION. 😝
BluePanther posted:
You HODLer. 😀
'Everything' goes up - it's called INFLATION. 😝
Can you blame him?
I'd HODL some too.
Just enough that it doesn't hurt much if/when it crashes.
And at the same to a good enough number so that it can bring in a handsome profit if it ever blows up like it did last December.
Accept the loss as experience
Matt
(BluePanther)
Membre depuis Jan 25, 2010
posts 1358
Oct 12 2018 at 05:52
TiffanyK posted:
Can you blame him?
I'd HODL some too.
Just enough that it doesn't hurt much if/when it crashes.
And at the same to a good enough number so that it can bring in a handsome profit if it ever blows up like it did last December.
1. 'I [would] HODL some too.' Do you HODL or not? You either DO or you DON'T.
2. Fine if you HODL, but don't be an investor that 'diversifies':
“Wide diversification is only required when investors do not understand what they are doing.”
- Warren Buffet
'The most successful investors don't diversify. Rather, they FOCUS and specialize. They get to know the investment category they invest in and how the business works better than anyone else.'
- Robert Kiyosaki
https://www.richdad.com/Resources/Rich-Dad-Financial-Education-Blog/July-2016/Why-Diversification-is-Bad-Investment-Advice.aspx
kieran
(snapdragon1970)
Membre depuis Sep 12, 2015
posts 1948
Oct 12 2018 at 12:11
togr posted:snapdragon1970 posted:@Kieran I like your motto
There will be opportunities in both directions ,I never rule out that possibility,charts can tell a lot but it only takes some positive data/news to flip direction.
Cheers, I see you have lots of work on different accounts, that's what I call good learning.
"They mistook leverage with genius".
jamesgwyther
Membre depuis Aug 05, 2017
posts 289
Oct 12 2018 at 16:39
BluePanther posted:TiffanyK posted:
Can you blame him?
I'd HODL some too.
Just enough that it doesn't hurt much if/when it crashes.
And at the same to a good enough number so that it can bring in a handsome profit if it ever blows up like it did last December.
1. 'I [would] HODL some too.' Do you HODL or not? You either DO or you DON'T.
2. Fine if you HODL, but don't be an investor that 'diversifies':
“Wide diversification is only required when investors do not understand what they are doing.”
- Warren Buffet
'The most successful investors don't diversify. Rather, they FOCUS and specialize. They get to know the investment category they invest in and how the business works better than anyone else.'
- Robert Kiyosaki
https://www.richdad.com/Resources/Rich-Dad-Financial-Education-Blog/July-2016/Why-Diversification-is-Bad-Investment-Advice.aspx
Surely spreading your risk is a good idea though?
Matt
(BluePanther)
Membre depuis Jan 25, 2010
posts 1358
Oct 14 2018 at 06:47
jamesgwyther posted:
Surely spreading your risk is a good idea though?
Results speak for themselves. Conventional advice recommends spreading risk: ergo the lack-luster results most people.
tradeFX4btc
Membre depuis Sep 13, 2017
posts 140
Oct 14 2018 at 10:00
I don't see any issue with trading crypto currencies that have a fixed supply. It's better long term(store of value) than holding fiat that slowly inflates.
Be humble
Adribaasmet
Membre depuis Aug 27, 2017
posts 994
Oct 21 2018 at 07:05
I think, investing on crypto with a long term view (like couple of years) would be much profitable than trading!