Topic: BTC drop to next level coming...bail the F out now! - page 9. (Read 24657 times)
good strategy - bail the F out, buy more coins lower then HODL. but only if we go lower. . .
BTC was fine and sure enough, it went back up, like it always does. So the "warning" was unwarranted.
And congrats you succeeded at a SINGLE market timing event. Yay. History has shown in ANY market that market timing is a risky and often futile endeavour. Congrats on beating it once.
Hello Favelle75, I strongly support your point concerning market timing, how hard it is to read the market with constant precision and success, but I need to disagree on what you mentioned earlier, that BTC will always go up at a future point in time. Or perhaps, yes, it is likely that an uptrend will resume after a corrective downward movement or a downtrend, but as the BTC price develops (in a perspective of few years), it will have more room to go down freely, without immediate pressure for an upturn. As I view it, the market is still fresh, BTC has a lot of enthusiasts looking at it, and it will be fairly easy to drive the price higher, as it is in line with BTC holders' expectations. But please, I am addressing this to every BTC investor, do not get fooled into a trap where you start buying into a downtrend, and it drops and drops and drops... I've seen this happen to numerous people in the Forex market, where it seemed unlikely that a downtrend or an uptrend would persist that long, and they were hoping that the market will reverse. But it didn’t. Not before their account was wiped clean. There are no such things as “like it always does”.
Favelle75, you are very wise to speak about market timing, but do not assume that in the financial markets there is anything certain. There are only chances and probability.
If one was looking for ways to be more profitable at trading BTC, I recommend digging through some Forex/stock market methods, especially for swing trading, as it seems what most people here are trying to do. Best wishes to all of us
Please see the previous time I made a similar post, that was the time it was at all time high around $1000 and it clearly dropped like a bomb after my post. I have made only two such posts including this one. At that time, I posted a chart as well.
The whole point of this post as well as last one is some discussion about indicators and technical analysis. About understanding different aspects of trend while at the same time being wary that fundamentals play an important part as well.
If you are already good at it all then this post would not be useful to you.
BTC was fine and sure enough, it went back up, like it always does. So the "warning" was unwarranted.
And congrats you succeeded at a SINGLE market timing event. Yay. History has shown in ANY market that market timing is a risky and often futile endeavour. Congrats on beating it once.
Hello Favelle75, I strongly support your point concerning market timing, how hard it is to read the market with constant precision and success, but I need to disagree on what you mentioned earlier, that BTC will always go up at a future point in time. Or perhaps, yes, it is likely that an uptrend will resume after a corrective downward movement or a downtrend, but as the BTC price develops (in a perspective of few years), it will have more room to go down freely, without immediate pressure for an upturn. As I view it, the market is still fresh, BTC has a lot of enthusiasts looking at it, and it will be fairly easy to drive the price higher, as it is in line with BTC holders' expectations. But please, I am addressing this to every BTC investor, do not get fooled into a trap where you start buying into a downtrend, and it drops and drops and drops... I've seen this happen to numerous people in the Forex market, where it seemed unlikely that a downtrend or an uptrend would persist that long, and they were hoping that the market will reverse. But it didn’t. Not before their account was wiped clean. There are no such things as “like it always does”.
Favelle75, you are very wise to speak about market timing, but do not assume that in the financial markets there is anything certain. There are only chances and probability.
If one was looking for ways to be more profitable at trading BTC, I recommend digging through some Forex/stock market methods, especially for swing trading, as it seems what most people here are trying to do. Best wishes to all of us
But What I'm trying to say is the guy (or girl) warned us about something, and "at the time of warning", it was true and did make sense. Don't you agree?
No, I didn't agree. Nor did most people in this thread. There was no reason to "bail the F out". BTC was fine and sure enough, it went back up, like it always does. So the "warning" was unwarranted.
Sure mate,... good point.
You saw "an opinion" online; you are cleaver enough to take it or leave it, but why the swearing at others?
For you, yes, it went back up 3 weeks later, buf for me, I made a good earn when sold at $530 and bought at $430, and then sold again at $598. to me (at least) that was brilliant, and I learned something from this.
I hope you can see my point.
H
Not exactly sure where I was swearing at others, but ok then.
And congrats you succeeded at a SINGLE market timing event. Yay. History has shown in ANY market that market timing is a risky and often futile endeavour. Congrats on beating it once.
... And just to cheer everybody up...
Jees, it's nearly 7am now...
Must head to the F'ing office... Otherwise, I'd be F'ing late
Jees, it's nearly 7am now...
Must head to the F'ing office... Otherwise, I'd be F'ing late
But What I'm trying to say is the guy (or girl) warned us about something, and "at the time of warning", it was true and did make sense. Don't you agree?
No, I didn't agree. Nor did most people in this thread. There was no reason to "bail the F out". BTC was fine and sure enough, it went back up, like it always does. So the "warning" was unwarranted.
Sure mate,... good point.
You saw "an opinion" online; you are cleaver enough to take it or leave it, but why the swearing at others?
For you, yes, it went back up 3 weeks later, buf for me, I made a good earn when sold at $530 and bought at $430, and then sold again at $598. to me (at least) that was brilliant, and I learned something from this.
I hope you can see my point.
H
But What I'm trying to say is the guy (or girl) warned us about something, and "at the time of warning", it was true and did make sense. Don't you agree?
No, I didn't agree. Nor did most people in this thread. There was no reason to "bail the F out". BTC was fine and sure enough, it went back up, like it always does. So the "warning" was unwarranted.
Guys,
Some people are missing the point or looking at this in the wrong way.
For whatever it's worth; "at the time of posting" the US/BTC price was $542, with the lines crossing, almost less than 24 hours later, again "From the time of posting" , the price went down into $423.
The message "then" (well, from what I understood) was to sell at $542, and then wait until it goes down significantly (i.e. the $423 mentioned above), and then buy. This would help people to sell when "hopefully" the price goes up again.
For that advise, I've been thankful, and still am.
I don't see or really understand why some of you are beating up the author of this thread, and judging what he said (almost 3 weeks ago) on today's date. With what's been said, I could imagine (a year later) the same people saying "...but you said; it would drop...etc, but now it's $1,000,000,000?!"...
Common guys, to some of you; please be more sensible and lets keep this professional, shall we?
Cheers
Heider
Some people are missing the point or looking at this in the wrong way.
For whatever it's worth; "at the time of posting" the US/BTC price was $542, with the lines crossing, almost less than 24 hours later, again "From the time of posting" , the price went down into $423.
The message "then" (well, from what I understood) was to sell at $542, and then wait until it goes down significantly (i.e. the $423 mentioned above), and then buy. This would help people to sell when "hopefully" the price goes up again.
For that advise, I've been thankful, and still am.
I don't see or really understand why some of you are beating up the author of this thread, and judging what he said (almost 3 weeks ago) on today's date. With what's been said, I could imagine (a year later) the same people saying "...but you said; it would drop...etc, but now it's $1,000,000,000?!"...
Common guys, to some of you; please be more sensible and lets keep this professional, shall we?
Cheers
Heider
So "bail the F out" is now professional?? Mmmmkay.
There's a difference between:
1) "Hey, if you're into market-timing, sell now and buy back in cheaper later."
and
2) "BTC drop to next level coming...bail the F out now!"
LOL, good grief.
Well, it really depends on how you interpret the letter "F"...
F could mean; "Front Door", "Fox", "Fish", or "Foot", or even "Falafel" ...etc.
Not that I know the person creating this thread in case you wondered for the record.
But What I'm trying to say is the guy (or girl) warned us about something, and "at the time of warning", it was true and did make sense. Don't you agree?
Yes, the language used could have been a little better, but still, was a million times more professionl than swearing at other members and being totally disrespectful. Not sure, trying to prove how scary they are perhaps!?... don't know...
If everyone agrees; I think the forum is getting pretty dated where all blaming someone about 3 weeks ago and forgetting that it was aimed at the time of posting (3 weeks ago, "not now") and that BTC price shooting up or down by the second.
Perhaps we should move on to do something more productive than showing how badly the point has been missed.
At the end of the day, what's the point when some are being nasty to others? Seriousley, how is that helpful?
Guys,
Some people are missing the point or looking at this in the wrong way.
For whatever it's worth; "at the time of posting" the US/BTC price was $542, with the lines crossing, almost less than 24 hours later, again "From the time of posting" , the price went down into $423.
The message "then" (well, from what I understood) was to sell at $542, and then wait until it goes down significantly (i.e. the $423 mentioned above), and then buy. This would help people to sell when "hopefully" the price goes up again.
For that advise, I've been thankful, and still am.
I don't see or really understand why some of you are beating up the author of this thread, and judging what he said (almost 3 weeks ago) on today's date. With what's been said, I could imagine (a year later) the same people saying "...but you said; it would drop...etc, but now it's $1,000,000,000?!"...
Common guys, to some of you; please be more sensible and lets keep this professional, shall we?
Cheers
Heider
Some people are missing the point or looking at this in the wrong way.
For whatever it's worth; "at the time of posting" the US/BTC price was $542, with the lines crossing, almost less than 24 hours later, again "From the time of posting" , the price went down into $423.
The message "then" (well, from what I understood) was to sell at $542, and then wait until it goes down significantly (i.e. the $423 mentioned above), and then buy. This would help people to sell when "hopefully" the price goes up again.
For that advise, I've been thankful, and still am.
I don't see or really understand why some of you are beating up the author of this thread, and judging what he said (almost 3 weeks ago) on today's date. With what's been said, I could imagine (a year later) the same people saying "...but you said; it would drop...etc, but now it's $1,000,000,000?!"...
Common guys, to some of you; please be more sensible and lets keep this professional, shall we?
Cheers
Heider
So "bail the F out" is now professional?? Mmmmkay.
There's a difference between:
1) "Hey, if you're into market-timing, sell now and buy back in cheaper later."
and
2) "BTC drop to next level coming...bail the F out now!"
LOL, good grief.
Guys,
Some people are missing the point or looking at this in the wrong way.
For whatever it's worth; "at the time of posting" the US/BTC price was $542, with the lines crossing, almost less than 24 hours later, again "From the time of posting" , the price went down into $423.
The message "then" (well, from what I understood) was to sell at $542, and then wait until it goes down significantly (i.e. the $423 mentioned above), and then buy. This would help people to sell when "hopefully" the price goes up again.
For that advise, I've been thankful, and still am.
I don't see or really understand why some of you are beating up the author of this thread, and judging what he said (almost 3 weeks ago) on today's date. With what's been said, I could imagine (a year later) the same people saying "...but you said; it would drop...etc, but now it's $1,000,000,000?!"...
Common guys, to some of you; please be more sensible and lets keep this professional, shall we?
Cheers
Heider
Some people are missing the point or looking at this in the wrong way.
For whatever it's worth; "at the time of posting" the US/BTC price was $542, with the lines crossing, almost less than 24 hours later, again "From the time of posting" , the price went down into $423.
The message "then" (well, from what I understood) was to sell at $542, and then wait until it goes down significantly (i.e. the $423 mentioned above), and then buy. This would help people to sell when "hopefully" the price goes up again.
For that advise, I've been thankful, and still am.
I don't see or really understand why some of you are beating up the author of this thread, and judging what he said (almost 3 weeks ago) on today's date. With what's been said, I could imagine (a year later) the same people saying "...but you said; it would drop...etc, but now it's $1,000,000,000?!"...
Common guys, to some of you; please be more sensible and lets keep this professional, shall we?
Cheers
Heider
What if i told you that only TO DA MOON post are welcomed here? Get out of here you flaming troll.
Guys,
Some people are missing the point or looking at this in the wrong way.
For whatever it's worth; "at the time of posting" the US/BTC price was $542, with the lines crossing, almost less than 24 hours later, again "From the time of posting" , the price went down into $423.
The message "then" (well, from what I understood) was to sell at $542, and then wait until it goes down significantly (i.e. the $423 mentioned above), and then buy. This would help people to sell when "hopefully" the price goes up again.
For that advise, I've been thankful, and still am.
I don't see or really understand why some of you are beating up the author of this thread, and judging what he said (almost 3 weeks ago) on today's date. With what's been said, I could imagine (a year later) the same people saying "...but you said; it would drop...etc, but now it's $1,000,000,000?!"...
Common guys, to some of you; please be more sensible and lets keep this professional, shall we?
Cheers
Heider
Some people are missing the point or looking at this in the wrong way.
For whatever it's worth; "at the time of posting" the US/BTC price was $542, with the lines crossing, almost less than 24 hours later, again "From the time of posting" , the price went down into $423.
The message "then" (well, from what I understood) was to sell at $542, and then wait until it goes down significantly (i.e. the $423 mentioned above), and then buy. This would help people to sell when "hopefully" the price goes up again.
For that advise, I've been thankful, and still am.
I don't see or really understand why some of you are beating up the author of this thread, and judging what he said (almost 3 weeks ago) on today's date. With what's been said, I could imagine (a year later) the same people saying "...but you said; it would drop...etc, but now it's $1,000,000,000?!"...
Common guys, to some of you; please be more sensible and lets keep this professional, shall we?
Cheers
Heider
So basically in less than a week's time, btc went from 450 to 588 and it's over, bail the fuck out?
Um, nope.
That was the easiest money I ever made sleeping.
Um, nope.
That was the easiest money I ever made sleeping.
Were is my $10 per bitcoin price?
Clearly, things are not working out for the bears.
Clearly, things are not working out for the bears.
2012 called, they found it
Can I get time machine back to febuary 11th 2009? And maybe a neon sign that said to google virtual currency, internet money, p2p money etc
Come here, get a free hug. I know that kind of feeling. Heard about bitcoin in 2011 and thought about throwing in 1,000 bucks, but it all seemed so unreal and strange and 1,000 bucks was quite a lot of money to lose. Got in after the April bubble last year. But don't worry, I don't care if I have to wait 2 more years for retirement
first heard about bitcoin in April 2013 (i wish i heard about it sooner), started mining (with my GPU) and did some faucets. After a while i also bought a BFL miner. Then i forgot about bitcoin and i also lost my addresses (i don't remember how much i mined, but it's probably not that much, probably a few bitcents or so.
Then, a few months later i received my miner and than i started to actively get involved with bitcoin again. This was around november.
I'm pretty sure everyone here would, if given to opportunity to travel back in time by 1 year or more, buy bitcoins (or tell their past self to do so). However, it's still very likely that each of us here is an early adopter and we'll still get a very nice return of investment. Although most of us will most likely not be able to buy over 25 bitcoins i'd assume.
well, it seems to me that it can't break 500$.
Apparently bitcoin is not as bullish as expected.
Apparently bitcoin is not as bullish as expected.
Make it 600
well, it seems to me that it can't break 500$.
Apparently bitcoin is not as bullish as expected.
Apparently bitcoin is not as bullish as expected.
This thread makes me laugh. I wondered who "bailed the F out"? Sucks to be them.
BTC just done the opposite of your prediction. Instead of a "drop to next level," it rocketed up a next level.
Bears can only see the trees but not the forest.
Long term predictions are not reliable most of the time. In financial markets people forget about those who were wrong and only praise the gurus who got it right this time. If the OP had been right, the comments probably would be written by happy bears. Forget about long term predictions, especially in crytpo currencies.
One thing worth noticing is that the BTCUSD price tends to follow what most financial instruments follow, i.e. simple patterns of behaviour like respecting trendlines and support/resistance. Those phenomena are strongly rooted in human psychology and perception of the markets, and investors are what drives the markets. Investors' psychology/perception/fear/greed will be manifested on the charts, here are some examples with a simple support/resistance analysis for the last few days:
The only real thing that will drop BTC out on its ass is if there is another competing virtual currency which takes off and surpasses BTC.
There is still time to get on the bus. Please note that I have always indicated that I am long term bullish. At the time of writing it was hanging off a cliff. It has obviously gotten better now.
A slow and gradual increase is better than an erratic up and down which will crack a lot of people out of this virtual currency.
There is still time to get on the bus. Please note that I have always indicated that I am long term bullish. At the time of writing it was hanging off a cliff. It has obviously gotten better now.
A slow and gradual increase is better than an erratic up and down which will crack a lot of people out of this virtual currency.
I think the community that follows the coin is what matters. Look at dogecoin. It has an unlimited supply but yet is being used (in some form). Dark coin and other ones are gaining in popularity for special features (and the people who use it may want extra security etc).
Bitcoin obviously has a great dev team, network support and a following. So basically, I think its the user base that makes the coin successful (they pour in the hashing power and usage)
The only real thing that will drop BTC out on its ass is if there is another competing virtual currency which takes off and surpasses BTC.
There is still time to get on the bus. Please note that I have always indicated that I am long term bullish. At the time of writing it was hanging off a cliff. It has obviously gotten better now.
A slow and gradual increase is better than an erratic up and down which will crack a lot of people out of this virtual currency.
There is still time to get on the bus. Please note that I have always indicated that I am long term bullish. At the time of writing it was hanging off a cliff. It has obviously gotten better now.
A slow and gradual increase is better than an erratic up and down which will crack a lot of people out of this virtual currency.
Were is my $10 per bitcoin price?
Clearly, things are not working out for the bears.
Clearly, things are not working out for the bears.
2012 called, they found it
Can I get time machine back to febuary 11th 2009? And maybe a neon sign that said to google virtual currency, internet money, p2p money etc
Come here, get a free hug. I know that kind of feeling. Heard about bitcoin in 2011 and thought about throwing in 1,000 bucks, but it all seemed so unreal and strange and 1,000 bucks was quite a lot of money to lose. Got in after the April bubble last year. But don't worry, I don't care if I have to wait 2 more years for retirement
Well I have thought about this whole thing (not finding out about btc until now) and I come to the conclusion I probably should have read more online articles (someone plugged slashdot for me that I follow daily now) and probably should have stayed on the straight path etc.
Maybe it wasn't meant for me, but hey w.e least I found it now
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