Quote from: exstasie on December 03, 2019, 08:05:14 PM

The 4-year MA is basically just the 200-week MA everyone is watching.

Quote from: Hippocrypto on December 03, 2019, 11:36:51 AM

Quote from: dragonvslinux on December 03, 2019, 11:03:15 AM

True story, but usually in bear markets I prefer to accumulate Satoshis by shorting obvious patterns, as it's much more profitable for stacking sats, and Bitcoin's price movements are so predictable and repetitive it's embarrassing Tongue

For reference sake, this is my first long call this year, even if I'm still in a short Grin

You're not all alone being short by now mate, also me and other traders find it so hard to sustain with our holdings.

Keep shorting, guys. I look forward to seeing how these predictions look in 2+ months as we enter halving season. Wink

The current sentiment reminds me a lot of my mindset during late 2015 and early 2016. I was a perpetually bearish "long term bull." Always betting the downtrend would keep providing, always believing I had all the time in the world to accumulate. Oh, the naivety of youth!

As someone who has 50% of my wealth invested in crypto, I don't need anymore time to accumulate personally speaking, though I actually agree with the sentiment that many others are relying on a future accumulation phase that may never occur. I am not. I already make this mistake around $5K waiting for the "pullback" and "re-test of support" that never happened. Believe it or not I don't put 100% faith into a theory, analysis or anything that's not 100% certain, that would be poor risk management.

I obviously can't speak for anyone else who's been shorting the market, as in my opinion most do it in order to accumulate fiat as opposed to crypto, who will always avoid accumulating as successful full-time traders. That's their "risk management" at least that's usually very high, even if they miss most the gains of a bull market. I recognize a considerable amount of "dumb luck" in many of my short calls, so it does make me very aware that I'm likely to be wrong at some point probably very soon to be honest with you. Until then, I will continue trading and investing to stack those sats.

Truth is, I'll continue using a small percentage of my holdings to short the market when I see the opportunity. Until I start losing satoshis over it, I haven't got a reason to stop Tongue