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Started By
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Bitcoin down 9% overnight. Tell me your short or long term exit plan..
Posted on 1/10/18 at 10:42 pm
Posted on 1/10/18 at 10:42 pm
Let’s say... over a day or so the book is slammed down on crypto transactions in some way and major crypto “currency” starts to take a beating. Strong hands in the form of large hedge funds and other private placements have been in cryptos far longer than most of you and have far larger gains.
You won’t convince me that the strong hands won’t be the first ones out, and when that happens I have full confidence the average investor (you) will be standing there like an idiot. Major swings will occur in 2018, go ahead and book that.
I wouldn’t be surprised to see 50% price retracements. Are you comfortable with your $50k turning into $30k overnight? If you are buying crypto, you should be.
I hope all of you get rich beyond your wildest dreams, but know that your newly found get rich scheme is being played by bigger money than your Coinbase account. All I’m saying is you better have a plan before reality kicks you in the nuts.
You won’t convince me that the strong hands won’t be the first ones out, and when that happens I have full confidence the average investor (you) will be standing there like an idiot. Major swings will occur in 2018, go ahead and book that.
I wouldn’t be surprised to see 50% price retracements. Are you comfortable with your $50k turning into $30k overnight? If you are buying crypto, you should be.
I hope all of you get rich beyond your wildest dreams, but know that your newly found get rich scheme is being played by bigger money than your Coinbase account. All I’m saying is you better have a plan before reality kicks you in the nuts.
18
Posted on 1/10/18 at 10:46 pm to LSUcam7
Posted on 1/10/18 at 10:49 pm to LSUcam7
Anyone entering crypto not understanding they can lose it all is foolish and should not be throwing money into the crypto market.
I'm holding for the long haul and will ride the wave
I'm holding for the long haul and will ride the wave
Posted on 1/10/18 at 10:53 pm to TigerTatorTots
Many folks have dumped entire diversified portfolios for the blockTRAIN and may be very disappointed and sell at the perfectly wrong times to lock in terrible investment decisions.
If anyone thinks I’m wrong... call me out, I’ll bookmark this for 6-12 months and we’ll talk about it.
You say you’re in it for the long haul but the volatility in the cryptos will be gut wrenching. I don’t know how much you personally have invested but again... to think you’re good to go when a 50k turns to 30k or a 250k gets cut in half. Well, you forget what 2008 felt like.
If anyone thinks I’m wrong... call me out, I’ll bookmark this for 6-12 months and we’ll talk about it.
You say you’re in it for the long haul but the volatility in the cryptos will be gut wrenching. I don’t know how much you personally have invested but again... to think you’re good to go when a 50k turns to 30k or a 250k gets cut in half. Well, you forget what 2008 felt like.
This post was edited on 1/10/18 at 10:58 pm
Posted on 1/10/18 at 10:55 pm to LSUcam7
quote:wrong on what? you haven't really make a prediction.
If you think I’m wrong...
Make a definitive statement
Posted on 1/10/18 at 10:57 pm to LSUcam7
quote:
Bitcoin down 9% overnight.
Meh
Posted on 1/10/18 at 10:59 pm to castorinho
Castor... I’m not making a bullish or bearish call my friend. That’s not my point.
If I help ONE crypto buyer plan ahead before they get punched in the nose by a huge shock, then I accomplished something.
If I help ONE crypto buyer plan ahead before they get punched in the nose by a huge shock, then I accomplished something.
Posted on 1/10/18 at 11:00 pm to LSUcam7
quote:I've been in crypto for almost a year now. I've seen more than a few 50% corrections. It doesn't really bother me much anymore
You say you’re in it for the long haul but the volatility in the cryptos will be gut wrenching.
I was looking at trucks online tonight so I could cash out a little bit of profits for a new vehicle. I closed the Toyota website as soon as I saw the dip occurring
Posted on 1/10/18 at 11:03 pm to LSUcam7
quote:
You say you’re in it for the long haul but the volatility in the cryptos will be gut wrenching.
This can be said for anyone that over invests in anything.
For those of us that have made this a hobby I find these swings fascinating
This post was edited on 1/10/18 at 11:05 pm
Posted on 1/10/18 at 11:03 pm to philabuck
OP should peep our ETH for the day.
Posted on 1/10/18 at 11:05 pm to LSUcam7
quote:
Major swings will occur in 2018, go ahead and book that.
Major swings have been occurring since bitcoin was first traded. Shut up.
Oh and look another negative thread about crypto allowed. Chicken, what happened to crypto topics only being allowed in the sticky thread?
This post was edited on 1/10/18 at 11:15 pm
Posted on 1/10/18 at 11:06 pm to LSUcam7
quote:
Bitcoin down 9% overnight.
Happens a lot...then comes back up. shite it was $800 lower than it is now 3 weeks ago and came back up and had a few up and down swings
Posted on 1/10/18 at 11:08 pm to philabuck
quote:
I find these swings fascinating
All day! I’m not hating on putting money into something that moves. I personally speculate large lots of options and I’ve made plenty of money on those trades.
My point is not to start a debate on the merit of cryptos. I don’t want to stir you little tech-hippies up.
Posted on 1/10/18 at 11:10 pm to 13SaintTiger
LOL.. you serious? This thread has more sensible value than 90% of the crypto threads I’ve read.
Go write a letter bitch.
Go write a letter bitch.
Posted on 1/10/18 at 11:13 pm to LSUcam7
South Korean exchanges got raided by police today , tax evasion investigation - its why everything is dropping like a rock - give it a few days it'll be back up ....
Posted on 1/10/18 at 11:19 pm to DreauxB2015
Bitcoin is up around $1500 since this thread was started.
Posted on 1/10/18 at 11:20 pm to LSUcam7
quote:
Bitcoin down 9% overnight.
Time to buy. Thanks for the heads up
This post was edited on 1/10/18 at 11:20 pm
Posted on 1/10/18 at 11:25 pm to LSUcam7
quote:that was my point, you haven't taken a position so there's really nothing to be wrong about.
Castor... I’m not making a bullish or bearish call my friend. That’s not my point.
If I help ONE crypto buyer plan ahead before they get punched in the nose by a huge shock, then I accomplished something.
People will lose money. People will make money.
Posted on 1/10/18 at 11:36 pm to castorinho
If you think I’m wrong about the volatility. Not everyone can handle the swings, especially when it’s 50% or more of some folks’ wealth.
Posted on 1/10/18 at 11:38 pm to LSUcam7
Apparently the South Korea news was FAKE and it cost me and others a lot of money when we panic sold.
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