Good morning Bitcoinland.
Still creeping upward... currently $9482USD/$13060CAD (Bitcoinaverage).
Go Bitcoin go.
It's weird how complicated people like to make shit. People have been talking about Elliot waves and bitcoin since I started here in 2013. Buy now, sell now, definitely this is what the future holds. Sounds fucking stressful if you ask me. Plus a recipe to end up with 0 bitcoin. I'm sure there are people out there that have made a killing, survivorship bias and all that. Maybe even a couple know what the fuck they are talking about. Still stressful.
With btc the KISS principle has always worked out pretty fucking well, and will continue to do so as far as I can see.
Buy bitcoin. Only sell if you absolutely have to. Like a loved one needs a kidney, or the bank is coming to repossess your house or some shit. In bear markets don't look at the price. Sometimes for years. Chill the fuck out. Don't think you are smarter than you really are, sure as fuck don't think you are smarter than the chaos that is bitcoin price movements.
Buy bitcoin. Don't stress. Don't sell. Don't be greedystupid.
If every chart producing oracle that has come and gone from these pages had done that, there would be a lot more rich forum members. Your charts, models and fancy theories will send you broke. I'll still be here. Once I forgot my password for 3 years. Thank god for JohnTheRipper.
Buy bitcoin. Chill the fuck out.
Post of the year.
What's so hard to understand about buying and not selling unnecessarily?
You crossed out "greedy" to write "stupid". It could just as easily have been "arrogant" or "childish".
"Impatient" also comes to mind, but that's basically part of being childish.
Getting rich with Bitcoin is a simple Three Step Program... 1) Buy... 2) Chill (hodl)... Don't sell unnecessarily. So simple.
What you should
not do is buy and sell according to the price.
Of course there's nothing wrong with selling a small amount for life improvements after your holdings have reached critical mass. Just never sell most.
Buy, chill, don't sell, especially not according to some self-indulgent pseudoscience like TA.