Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bitcoincidence
on 11/01/2019, 14:22:19 UTC
Quote from: Falcon Lover on January 11, 2019, 10:29:18 AM
Quote from: HairyMaclairy on January 11, 2019, 10:00:09 AM
Quote from: Falcon Lover on January 11, 2019, 09:31:44 AM
Ok so Ive been invested in BTC since 2018 with an average cost basis of about 8k per coin. Sadly I dont see how we arent going to have at least one more huge move down well below 3k. I have orders to buy 3 more coins if we hit 2k. I dont want to sell rn but I am considering taking out a short position here. I believe in Bitcoin, but Im tired of so much losing in my first year Embarrassed

Could a few members help me out and post their best argument for why we already saw the bottom, or their best argument of why we are gonna have another big move to new lows.

Thank you in advance.

Stop worrying about shorting the final gasp of the bear market and start thinking about when you are going to long the bottom and how you are going to do it.  Much more profitable.

I have thought about this, thats why I said I have orders to buy 3 more coins at 2k. Thats all I can afford to lose. It will bring my total investment to almost 40k. I will not invest another dollar after that. All ive known investing in Bitcoin is a terrible bear market and its hard not to worry as early adopters dump on my face Cry, but thank you for the advice.

Im interested in hearing other Bitcoiners best argument(s) as to why the bottom is not in yet(i believe it isnt but hope im wrong). If you have one id love to hear it. If not thanks anyway.


You could look into Hyperwave theory - but that is really hard stuff predicting courses below 1k (and no one knows if bitcoin really behaves like the stock markets).
https://www.youtube.com/watch?v=qAH2GuXQBFk
https://www.youtube.com/channel/UCLJxbdXt4jG9pSy79TMVQSw