You're all f---ing dead and you don't even know it, yet. Calling it... we don't get higher than $395 on this rally and we may have already seen the top. Back down to the low, low 300s. The bears haven't even placed most of their reserved shorts on the market, yet. This is going to get ugly.
Whatcha mean? Shorts are up 50% in the last 36 hours? Seems ultra bullish.
It would be... if they had already entered their shorts. Those are just reserved Bitcoin swaps that can be entered as shorts at any time... I mean, unless you saw about 6,000 BTCs fly off the board in one fowl swoop. Also, look at the one day... the wave is closing and the downdraft will be lower than the last proximate bottom.
Dude, I'm thrilled for people who took a long and made some money, but you might want to find the next short wave peak to exit... if you are lucky you might catch 380 or 390... but, absent the ETF breaking in the next couple of days or something dramatic, your bets are going to start turning against you.
Note: I don't even have a position so I'm not even just talking my book (moms needed some money short term so I'm outta the game for about a week). You guys are some randos that I shoot the s--- with on, here, so as much as I like s--- talking, I want to see you all win this game. So, at least rethink your position. I think it's turning against you... I can be terribly wrong... but look.
You are wrong quite frequently, even though you have a tendency to give specific recommendations with some kind of attempt at compelling conviction... seems a bit much to be attempting such.. and really in the end, your supposedly quasi-objective predictions do tend to come off as a form of book-talk.
Says the guy who berated everybody for not buying at $600, $550, $500, $450, $400... I actually tend to be right about the direction, but still kind of suck at nailing entry and exit points... I make some money, but I could do a lot better if I could get over laziness and actually aim to be better at TA.
You... probably don't make much money, but then again, you'll probably also never say you lost any money because you refuse to ever sell. My father was like you... he'd always talk about how much he won at the dog track, but we'd never have money for more than spaghetti-o's every time he went to the track. He'd only call his winners and pretend his losers never happened. Actually seems to be a big thing on this gambling site.
You are really full of shit, now... hahahaha... Trying to make me out to be a trader or someone who is attempting to predict the market and to guide people in their investment choices. The only guidance I give is to buy and hold and to continue to buy and hold... because that is mostly what I do. I very rarely sell because my BTC portfolio has mostly been in the red.. ever since I started investing in BTC at the top of the market in November 2013.
So, I am in long and i am investing long and I am generally NOT trading, unless I feel a certain level of confidence that the market will go down 5-10% - and you are right to suggest that I never feel that b/c if I were to sell, then I would be too worried about the manipulators pushing BTC prices in the upward direction and never to return to my selling point...
So in that regard, I sleep better in BTC and I continue to invest on a regular basis.. currently my average buy in price is a bit under $550.. so yes, I remain in the red... but I am NOT too worried b/c I am pretty sure in the next couple of years, BTC prices will be far above my average buy in price (which will continue to adjust with my continuation in buying and accumulating BTC).
Regarding your father, I am sorry about that and I am sorry about your having to eat spaghetti-o's. That may explain some of your communication ways.
I deny being like your father because I am NOT trading as I said, but I am engaged in a form of dollar cost averaging.. which seems to be a bit different dynamic than betting on dog races. Also, my investment amount is much within my budget. Without going into a large number of details, my BTC investment continues to be less than 10% of my total investment package, even though since about November 2013, I have invested nearly all of my new available investment allocated money into BTC, rather into any other asset classes. Additionally, I have taken some of my other investments and diverted those towards BTC... which I will likely continue to do in the near future. I imagine that at some point my BTC investment is going to represent a much larger percentage of my total investment package, and I am anticipating that larger percentage will evolve due to appreciation of BTC prices. However, if my anticipation of BTC price appreciation does NOT proceed in an anticipated upward direction between 1 month and 2 years as anticipated, then I may need to reconsider my overall investment strategy..and the involvement of BTC in that investment strategy.
At the same time, I am involved in studying BTC and including my participation in this forum and this thread b/c I am continuing to monitor the fundamentals of BTC.. and to assess whether any material and/or fundamental changes may develop that will cause me to lose confidence in BTC as part of my diversified investment strategy. Yes, there has been some bad news over the past year; however, so far such bad news has NOT outweighed the good news, and I continue to consider BTC as a very decent investment vehicle that I would NOT have any problems recommending people to invest in such.. especially at these price points and especially given recent market dynamics and what appears to be various ongoing strengths in BTC.... In other words, seems much better to buy now rather than to short.. the potential for upside seems much greater than the potential for downside.. even greater than it was at $600, $500 and $400.... he hehehehe.
So go ahead and talk your book all you want and continue to argue for the shorting of bitcoin like you have been doing.. but you really seem to be a walking bag of contradictions and to be holding out yourself to be much more of an expert than you are, even when you are making your predictions that give conditions suggesting the price could go either way.. but you overall believe X or Y... or whatever...
Thanks
