Cryptocurrency mega-thread

[ash_1050]

This isn't the place for anything negative. It's about dumping twitter links to say everything will be okay because it has been in the past. And ignoring the fact that the crypto world is facing challenges not seen in previous crashes.

I appreciate there's a couple of us who are a thorn in the side in this thread, and that I'm much more doom and gloom than the general thread sentiment. It's a case of not wanting to see people losing money and teach viewing things from a rationale rather than emotional based investing perspective. It's fun being in a space as new as crypto and going through the highs and lows, but it's also incredibly detrimental to a lot of people who get burned and I'd rather not see BF posters losing out.

 

[Bostonian]

I have all my buy limits now set between 65-90% of ATHs for my long term portfolio coins.

Time to put the feet up and relax.

Accumulation mode activated.

 

[ash_1050]

I have all my buy limits now set between 65-90% of ATHs for my long term portfolio coins.

Time to put the feet up and relax.

Accumulation mode activated.

The correct way to do it. Pick your price point for entry and begin to accumulate once that price point is hit. Spending hours a day poring over technical analysis charts, youtube videos, tweets, and news articles isn't worth it, as statistically you're probably going to miss the absolute bottom anyway, so why worry or try interpret every pip of change in the market. Clear, concise, stress free, and you're not panicked if the market goes up, down, or sideways as you know exactly what your plan is every step of the way. You've nailed it.

 

[Evolved1]

Seeds will be pissed to see a green daily.

 

[BACCS]

Given I'm no longer invested in crypto and have a price point at which I'd consider getting back in it's not worth spending any time reading TA for me at all, it's based purely on my experiences over the last 7-8 years of experience with multiple market cycles in the crypto space.

The fact that I'm being shouted down for having a contrarian viewpoint is laughable given the majority of people in this thread have been in crypto for all of a few months, have no understanding of basic market principles, and rely on others from the crypto space to tell them what to believe.

I like to take in a variety of view points and do my own analysis to form an opinion. It just seems dangerous to me, regardless if you’ve taken profits already, to not listen to other points of view.

 

[BACCS]

This isn't the place for anything negative. It's about dumping twitter links to say everything will be okay because it has been in the past. And ignoring the fact that the crypto world is facing challenges not seen in previous crashes.

I post a number of opinions from Twitter that are either bearish or neutral as well as the positive news. It’s about taking it all in and not taking one side, that’s what I’m noticing about a couple of posters in here that don’t seem willing to listen to opinions that differ from theirs.

 

[Evolved1]

Negative posts are fine. They tend to be buy signals in this thread.

 

[Ghost Patrol]

Seeds will be pissed to see a green daily.

Hopefully he went to Coles during the dip and stocked up on milk before the price rise

 

[maryjames]

Maybe. Too early to tell, but that dump yesterday looks a bit like the spring in a Wyckoff accumulation phase.

Yeah been watching this and pretty trippy as it did when bitcoin did the opposite few months back when hanging around the top. Mmcrypto YouTube’s has going on about this when top and now.

 

[thedreadpirateroberts]

The monthly and quarterly futures contracts are expiring this Friday, there could be more pain ahead this week. The bear targets I’ve heard the most from a few analysts is 28k (which we hit last night) and 24k. So I’m still expecting at least one more leg down before the institutions with money are fully satisfied and have scooped up at their price targets.

honestly bro can you stop spruiking advice like your an analyst etc. you have not predicted one correct thing on here. give it a rest

 

[bzparkes]

This isn't the place for anything negative. It's about dumping twitter links to say everything will be okay because it has been in the past. And ignoring the fact that the crypto world is facing challenges not seen in previous crashes.

What challenges is it really facing though? I mean, China's 'banned' Bitcoin 7 times since 2014. The only change now is the miners in China have to relocate and there's already big business paving the way for them to do so in Kazakhstan, USA, Canada and the rest of the Americas, as well as increasing the usage of renewable energy in Bitcoin mining, which was already very high. Once that happens, the major criticism of Bitcoin being bad for the environment won't have a leg to stand on. Especially when those same people complaining seem to see no major issue with the environmental impact of mining precious metals and gems. Hell, they probably eat heaps of fish too...

El Salvador becomes the first country to recognise bitcoin as legal tender, with Panama and Paraguay to follow suit. Soon the dominoes will start falling and we'll see a bitcoin ETF in the USA and this shit will launch into the stratosphere where we'll all forget about this insignificant dump and pat ourselves on the back for getting in so early.

 

[HirdyLannister]

Given I'm no longer invested in crypto and have a price point at which I'd consider getting back in it's not worth spending any time reading TA for me at all, it's based purely on my experiences over the last 7-8 years of experience with multiple market cycles in the crypto space.

The fact that I'm being shouted down for having a contrarian viewpoint is laughable given the majority of people in this thread have been in crypto for all of a few months, have no understanding of basic market principles, and rely on others from the crypto space to tell them what to believe.

I enjoy reading your opinion, don't stop because of others.

 

[thedreadpirateroberts]

I enjoy reading you're opinion, don't stop because of others.

likewise. actually has his own opinion and fundamentals as opposed to posting a twitter link and dying on the ben cowen mountain

 

[Evolved1]

Just put someone on ignore if you don't like their opinion ffs.

 

[ash_1050]

I like to take in a variety of view points and do my own analysis to form an opinion. It just seems dangerous to me, regardless if you’ve taken profits already, to not listen to other points of view.

I'm listening to other points of view by reading and discussing in this thread. The upside is, knowing my entry point for BTC is >$20k, is I'm doing it without losing money on the way there buying on the way down, or spending dozens of hours reading all things crypto. The only downside is if it doesn't hit >US$20k then I don't get back in, which isn't that bad given there's plenty of other investment opportunities out there.

There's no danger to that, as I'm entirely stress free, have more spare time, and don't have to keep an eye on the market as I'll get a notification once the entry price point is reached.

Danger is refusing to divest a portion of your portfolio at ATH prices, seeing every dip in the market as the possible bottom, not having a set entry/exit plan, not tracking your tax obligations, and missing out on other opportunities in life because crypto has become an all consuming time and financial drain.

 

[thedreadpirateroberts]

i would way rather take some advice of someone who has experienced several market cycles investing as opposed to someone 6 months in a bull run and thinks reading twitter and watching you tube videos makes them a pro and credentialed to argue the point.

 

[maryjames]

honestly bro can you stop spruiking advice like your an analyst etc. you have not predicted one correct thing on here. give it a rest

Disagree. It’s worth it. This place was dead 8 months ago. Good to see it alive.

 

[maryjames]

i would way rather take some advice of someone who has experienced several market cycles investing as opposed to someone 6 months in a bull run and thinks reading twitter and watching you tube videos makes them a pro and credentialed to argue the point.

But he is posting from experienced twitter feeds and great youtubers.

Nothing wrong with that.

It’s a crypto thread yeah?

 

[HirdyLannister]

Can't we all get along without the attacking, if you see something that triggers you walk away.

We are all here to buy lambos

 

[Nothing]

Can't we all get along without the attacking, if you see something that triggers you walk away.

We are all here to buy lambos

 

[Ghost Patrol]

Negative posts are fine. They tend to be buy signals in this thread.

Keep dissing doge, it's up 10% since the last one!

 

[Ghost Patrol]

Has anyone here used bogged finance?

It lets you set limit orders for BSC, has charts etc, which would be much better to use than pancakeswap

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[BACCS]

honestly bro can you stop spruiking advice like your an analyst etc. you have not predicted one correct thing on here. give it a rest

Ok sorry, I won’t share my opinions anymore on a discussion forum . Do I need to put the disclaimer that it isn’t financial advise and just an opinion, seriously? All I am posting is stuff that is widely available from a number of different analysts, take it or leave it, but I am allowed to post it on a discussion forum. I’m not telling people to invest their life savings based off of it, everyone can make their own decisions.

If you think my posts go against the forum rules, then report me.

 

[BACCS]

Disagree. It’s worth it. This place was dead 8 months ago. Good to see it alive.

Fancy wanting to discuss a topic in a thread for that topic on a discussion forum

 

[BACCS]

i would way rather take some advice of someone who has experienced several market cycles investing as opposed to someone 6 months in a bull run and thinks reading twitter and watching you tube videos makes them a pro and credentialed to argue the point.

I’m not following analysts that turned up at the start of this year, they’ve all been around since either the start of BTC or 2015/2016. Did I say I was a pro trader? I am just sharing information and enjoy discussing crypto.