Quote from: CheapYoutubeHits on Today at 08:44:30 PM

Quote from: philipma1957 on Today at 08:42:39 PM

Quote from: CheapYoutubeHits on Today at 08:29:45 PM

i hope we go lower,

got me 109.8k dip

its gonna dip more lol

Is it going to $100k?

Lower than $100k?

Or some other number?

How do you know?

Even when there is down momentum, it is not necessarily easy to determine when the momentum is going to reverse.

I know that there are some guys hoping that the price would not go below $106k/$107k yet sure anything can happen, and we cannot become too reliant upon certain support levels holding, but yeah at a certain point, there are no more sellers and no more weak hands to shake out.

Even $106k is ONLY right around 15% below the current ATH, so a 15% dip is hardly even enough to get excited.

By the way, I have my next buy order in about the mid-$108k arena. .. and I would prefer that it does not fill..but yeah, if the BTC price goes there, then a wee widdo buy would end up kicking in.

Quote from: OutOfMemory on Today at 09:21:55 PM

Quote from: JayJuanGee on Today at 08:41:20 PM

Quote from: BTCETFInvestor on Today at 04:01:35 PM

Quote from: psycodad on Today at 03:55:04 PM

[edited out]

Not sure why it wasn't just accepted that I (like Philip) have the same attitude of not being "worried that much over a possible $5 wrench incident happening" to me as my personal assessment. I don't even own any BTC, I own many shares of spot Bitcoin ETF. Yet, I was put through the meat grinder and ridiculed for possibly revealing opsec sensitive info... Amazing!

Thanks, i obviously missed that.
Isn't "meat grinder" a term originating in russian army tactics? Hm, anyway, a little exaggerated, no?

The intensity puts question into sincerity.. not that we all have to be lovey dovey... and you already mentioned that if a guy (especially a newbie or a brand newbie) is expecting trust to build in an early or a quick way, then that's problematic (another red flag).

Quote from: OutOfMemory on Today at 09:21:55 PM

Quote from: JayJuanGee on Today at 08:41:20 PM

Quote from: OutOfMemory on Today at 08:25:38 PM

Did we just bounce off $110k flat? Shocked

Beautiful!

Too early to proclaim it is (was) a bounce.

One of my oldest mistakes Grin

I am still getting lost in low-timeframe charts now and then.

I suppose that it sometimes can work if you are playing with small amounts... you might get lucky, or you might identify an actual meaningful pattern.

Quote from: OutOfMemory on Today at 09:21:55 PM

Quote from: JayJuanGee on Today at 08:41:20 PM

Quote from: OutOfMemory on Today at 08:33:54 PM

Quote from: CheapYoutubeHits on Today at 08:29:45 PM

i hope we go lower,

aggr.trade going mad right now Grin

Hell of a lot of longs getting fucked today.
EDIT: Exactly 24h after yesterday's red 1h candle. Coincidence?

Leverage is a bitch.

This.

I am not always clear about how to measure these things, since we likely know that the longs will pile up an then they will get reckt, and the same is true on the other end.. the shorts pile up and then they get rekt..

One way to lose money on an otherwise winning bet? Use leverage.

Quote from: promise444c5 on Today at 09:37:14 PM

Quote from: CheapYoutubeHits on Today at 08:44:30 PM

Quote from: philipma1957 on Today at 08:42:39 PM

Quote from: CheapYoutubeHits on Today at 08:29:45 PM

i hope we go lower,

got me 109.8k dip

its gonna dip more lol

Just get the damn dips..

There is a need to be specific if you are employing buying the dip strategies, since how is anyone going to know if the BTC price has stopped dipping or even how far the dip is going to go?

I am reluctant about the idea of holding value back for buying dips, but I am not completely opposed to the idea since I think that there are ways to structure such buy the dip orders, even though the dip is a bit of a moving target.

Of course, it is difficult to know how CheapYoutubeHits might be attempting to play these kinds of dips since he has already been registered on the forum for more than 12 years, so my general presumption regarding really longer term bitcoiners is that they are needing to have pretty large dips before they might buy, sine the presumption is that they should already have enough or more than enough bitcoin.. even though surely some of the longer term bitcoiners defy such expectations since they had been emphasizing trading rather than investing, so they might have had never reached overaccumulation status and perhaps never learned the lesson that bitcoin is not really much of a good thing to trade as compared to how great it is as an investment.

Now with you, promise444c5, you only have a couple of years registered on the forum, so there would likely be much more value in regards to buying regularly (such as weekly) and/or sure if you had front loaded your bitcoin investment that would have had been good too, yet neither of those are really helped too much in regards to trying to figure out when dips might or might not happen and holding back value for buying dips rather than just buying regularly, consistently, persistently, ongoingly and perhaps aggressively... so in that regard our current prices are nothing special as compared if you had already been putting your all into bitcoin prior to mid-July, we are largely just back to prices where we were in around early July.

Quote from: welovebit on Today at 10:10:51 PM

Huge difference between me and Strategy they filled with huge amount and I filled with $1K.

Strategy buys $357M in Bitcoin as price drops.

We should not be comparing ourselves and our bitcoin accumulation to Strategy's. They were already out of touch with reality (at least the reality of individuals) on their first couple of purchases of bitcoin in around August and September 2020 when they used around 75% of their cash reserves to buy a bit more than $400 million of bitcoin (see fillippone's OP and thread on the topic), and the already had close to 40k bitcoin by that time, and yeah they have been getting more and more creative with their finances to become even more and more out of touch with how normal people would attempt to balance their bitcoin purchases with their other assets and even with their incoming cash. I am not suggesting that they have been doing anything wrong, since their strategy is brilliant and a master class in terms of their being able to use their company's situation and even the convincing marketing skills of Saylor to be able to use other people's money and passion so that they can buy bitcoin without overly leveraging themselves... yet their techniques could be quite dangerous for individuals to attempt at anything close to the same intensity.

Quote from: philipma1957 on Today at 10:23:44 PM

Quote from: vapourminer on Today at 10:16:09 PM

Quote from: d_eddie on Today at 06:05:00 PM

ignore list

its amazing how this thread seems to be the go-to place for idiots who attempt to to get placed on the most ignore lists as possible. especially merit source ignore lists.

He is likely going to get tagged with negative trust.

Too bad as i was a believer.

I had not even looked BTCETFInvestor up prior to engaging with him, and it looks like if some of us had not quoted his WO posts, we would not be able to see such WO posts, since it looks like he deleted all of his WO posts, and yeah some of them were getting to be quite annoying in both their frequency and their content, and probably he was coming to realize that several of his posts were having the opposite effect as he was hoping to get..

There may well be some need to tag him, at least as a neutral.. .. even though his further behaviors do not seem to be helping his case... and maybe he is just one of those forum members who just have multiple accounts?

Quote from: coolcoinz on Today at 10:44:24 PM

So, I've heard some rumors that (according to some chain detectives) this recent dump looks like an attack on leverage because the seller was testing how much he has to dump to trigger a liquidation.
That person knew they'd be selling at a loss because if they waited and did it slowly over a few days they'd be able to pocket much more fiat, so the idea was to break the support and start panic.
Another dumpy August, let's hope for a pumpy September.

August is not over yet. We still have a solid 6 more days. I am not prepared to write it off, yet. Not that I care too much either way in terms of what might or might not happen in 6 days. .. as long as it is somewhat reasonable.