Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
The first time I post here, look forward to comments from everyone.Thank you everyone for watching!
This is a bad first post, and you should feel bad for making it.
-1 WOsMerit
Bob...you have obviously been slacking on your training regimen. Must Rick be notified?
There is an excellent article which I read which explains why odds are stacked against shorts in the long run. Shorting is always a short term play. I am going to try to find it.
hope you can find it, like to read it
I think that you're being emotional and shouldn't invest at all if you can't handle massive red candles. Selling now is like buying at >15k. Now is not the time to sell, but to keep cost averaging in.
There is no guarantee that bitcoin will really bounce back one day . I believe it will, but I am totally unqualified.
Putting more money is foolish, if you already put all the money you have reserved for high risk assets.
In past it bounced from much lower marketcap, much lower media attention, much lower infrastructure (exchanges, media, wallets, ATMs, stores that accept etc).
It's not certain that it will ever reach 10k again. I believe it will, as everyone here. But how much are you willing to bet that it will? That's he point.
Just as you said that buying at 15k is stupid, in future selling at 3500 could be a great deal. What is it goes to 1500.? That's a 100 gain if I buy back.
The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.Edit: What if it goes down to $1? It was $1 before, I could sell one Bitcoin and make 3500 Bitcoins! (fat chance)
Edit2: Invest some money in a book on investing and balancing portfolios. Read it, study it. Everything you post cements the fact that you're just gambling based on emotions. Emotions that traders use to take your money and make profits.
The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.
Agreed. It's an absolute classic noob move but it's also 100% understandable. It's how regular human minds work.
Unfortunately the people you're trading against know this and do not have regular human minds.
Absolutely!
I could sell everything now & Id still be massively up on what I originally invested. The thing is though, you just know if I do that the price will go to $6,000 or $7,000 & Id end up buying back half the amount I currently own which would be fucking retarded.
Ahhhhhhhh
Thank you millionaire, gentlemad and lfcbitcoin
I will hold this shit until it goes up. You are right.
Thanks
Thank you millionaire, gentlemad and lfcbitcoin
I will hold this shit until it goes up. You are right.
Thanks
+10 WOsMerit's