It will be a downwards move IMO.
As said previously in this thread, sold last week around 11.6k, now placing an order buy at 10.6k.
Confident on this one.
We just came from 10.6 not long a go..... why didn’t you bought Then....
Because he is a chart pundit. But there is another solution to his linear problem, besides a crash to 10600 now. If he draws a parallel line at 11400 he will get another crossing point in a week or two if that is what he is looking for.
Oh dear, such n00bs are cracking me up with their charts skills
I would bet that they will hardly get more than 30% profit in a good bull year with a 400%+ increase like the present. And then they will come here full of pride and joy and teach the holders with 100x profit.
Hilarious!
Thanks for your support, bro!
On a serious note, with my current job, after rent, food and personal expenses I can save circa 700 euros a month, on average. Since we all agree the price of BTC will eventually get to 50k, right? Then I should buy 700 euros of BTC per month, no matter the price, as long as it stays below 50k, correct?
Now that sounds like a great strategy. Will make me rich in 2 or 3 years time
Yep. You mastered it. That's also exactly what I am doing. But I am not sure about the $50k part. I will dump some when it reaches 50k that's for sure but probably not all of them. I believe it can do a fomo fump to $80k+ but it will stay there only for 1 or maybe 2 days before collapsing. If your coins happens to be not on an exchange at that time, you are effed. Or prepare to pay $500 for a transaction.
Edit: I realized you are thinking to invest all your free money. That's not exactly what I do. I invest %20-40 of that free money but it used to be higher when btc was below $10k. At some point I was going all in with my free money but not now. This shit is complicated and I don't think anybody knows what he is doing. If btc goes to zero right now, oh man that would be so big it would trigger a world war. Think about all those people and their life savings in btc. :O
Fair enough, I appreciate the constructive opinion.
But the difference between guys like me, and arrogant guys like ivomm (ivommit?) is that the second lot will likely never dare to sell on time.
I have sold several times since I first bought in 2017, and what was 1 BTC originally became 1.38 BTC with time. That's what
"know-it-all" ivommit does not understand
Bitcoin price has some many ups and downs that it is quite easy to do, much easier than on the stock market.
I won't lie, sometimes I had to wait 8 months for the price to go where I wanted, but it always went there eventually. I dared to press the sell button and that will help in the future, people who never pressed the sell button may feel incredibly nervous to the point that maybe they will never sell until BTC disappeares? (let's be honest BTC dying is also a possibility).
PS: about the edit part, I was obviously sarcastic about buying 700 euros of BTC per month (my average monthly savings), that would be incredibly dumb to do. No need to explain why.