Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Good lord, are we ever going to find the fkn bottom of this market? Or just continue to slide $10/week ad infinum?

Unbelievable this crap.

Why is this so unbelievable?
I dont understand why people are so surprised about that. BTCUSD is down about 70% from its high. It is a bear market.

It's always better to follow unbiased technical chart analysis versus letting your emotions "bitcoin love" guide your investment or trading.

I love bitcoin , too. But I have 0 bitcoins right now.

I have to call you out on this. You have zero bitcoins? Yet you love Bitcoin? Sorry I don't buy it. Anyone who actually loves bitcoin understands bitcoin. Anyone who understands bitcoin knows that you can't always trust technical analysis due to unforeseen events. Even if you were a perfect chart analyst I don't buy it.

If there is an unforeseen event he'll have time to buy back in. Risk/reward.

you are right. it is actually less than 0 , because I hold a net short position (-1.5% of portfolio short BTC)

And, ... there is absolutely no urgency to get back in. I may get in fast if I see a clear sell off and subsequent reversal or, I can take time and get back him when it is showing signs of an uptrend. But the worst thing in investing is to catch the falling knife. After protencting gains above 1000 $, it is not a big deal to buy back in at 400, 500, or 600. It is still outperforming buy and hold big time.