Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Yeah.. you could be right..
At the same time, I am not really worried that you (goldkingcoiner) are not sufficiently/adequately prepared for UP (even while you are seemingly preparing for the possibility of down)...
Some of us have been in this space long enough that it is relatively clear that we have figured out a variety of ways to prepare for both up and down at the same time, no matter how cognitively dissonant that might sound to the gamblers who like to bet bigger than they should (such as 80x.... just using that as a reference).
Since you likely already realize that the lillie fiend market does not always go down on "bad news" merely because a lot of folks (even if the overwhelming majority) are speculating that it will go down.
At the same time, I am not really worried that you (goldkingcoiner) are not sufficiently/adequately prepared for UP (even while you are seemingly preparing for the possibility of down)...
Some of us have been in this space long enough that it is relatively clear that we have figured out a variety of ways to prepare for both up and down at the same time, no matter how cognitively dissonant that might sound to the gamblers who like to bet bigger than they should (such as 80x.... just using that as a reference).
Since you likely already realize that the lillie fiend market does not always go down on "bad news" merely because a lot of folks (even if the overwhelming majority) are speculating that it will go down.
Good point.
But, I am gambling virtual profits from buying later instead of now. Sure, Bitcoin could go up. I would lose out on a bit of coin. But past history has show that during corrections, FUD has an amplifying effect on the price dip. This is just short term speculation. Worst case scenario, price goes up and instead of going down. I stoploss at 1/3rd of the Binance FUD candle. Still not bad. Either way I make more coins from the FUD because the Bitcoin is undervalued by pure speculation (how long does that last?). Thats how I see it, at least...
Who would ever go 80x, I wonder?
