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Posted on 5/20/21 at 7:20 am to Tiguar
Elon and Saylor going at it on Twitter 
Posted on 5/20/21 at 7:25 am to Ron Cheramie
Yeah, I’ve been seeing people posting the 2017 bullrun graph superimposed over what just happened and trying to insinuate we are set up for a massive run up past 100k, but if you look at it the spike and dip in 2017 happened over a month or so in June and July. What just happened occurred after btc had been flat for months- far more reminiscent of dec-Jan crash.
Posted on 5/20/21 at 7:55 am to rocket31
Willy Woo’s update
Posted on 5/20/21 at 8:01 am to TigerTatorTots
It’ll never happen but the market would be much healthier if people stopped getting greedy and using leverage. On platforms like BuyBit apparently you can go up to 100x leverage? That’s asinine and asking to be liquidated
Posted on 5/20/21 at 8:09 am to James11111
quote:
1. Losing that amount of value in a week is depressing until I get some caffeine or alcohol in me, then it's an opportunity.
2. I'm an alcoholic and drink too much coffee.
you get used to it an its not as big of a deal anymore lol. I just like to set stop losses so it locks in profit. then set conditional buys. but i dont freak about taxable events like a lot on here.
Posted on 5/20/21 at 8:13 am to Ron Cheramie
Yea it looks like it will continue to dip based on previous ath cycles. Dec 2013, Decc 2017, took a little longer for an ath this time due to institutions im assuming. Think our top was in until next cycle
Posted on 5/20/21 at 8:13 am to lsu777
(no message)
This post was edited on 5/23/21 at 8:32 am
Posted on 5/20/21 at 8:14 am to Future Islands
quote:
Honestly, that was my biggest mistake over the past two weeks. I was overly concerned with taxable events and ended up missing out on great opportunities as a result. What do you use for stop / losses? You explained it in the past; however, I can't remember.
i use 3 commas smart trade bot because it automates everythign where i dont have to watch and readjust everything. But you can do it on kucoin the same way.
Posted on 5/20/21 at 8:15 am to 21JumpStreet
Bunch of party poopers in here
Posted on 5/20/21 at 8:15 am to 21JumpStreet
(no message)
This post was edited on 5/23/21 at 8:31 am
Posted on 5/20/21 at 8:18 am to Future Islands
Next cycle would be starting around 2023.
Peak 2024-2025 with a similar time frame you saw in 2027-2018 with nov Jan dec being the mania phase.
Peak 2024-2025 with a similar time frame you saw in 2027-2018 with nov Jan dec being the mania phase.
Posted on 5/20/21 at 8:20 am to Ross
Took some profits from the buys yesterday. Its not too often I can make 40% on my money in a nights rest
I freaking love this!
I freaking love this!
This post was edited on 5/20/21 at 8:21 am
Posted on 5/20/21 at 8:21 am to TigerTatorTots
Wait a minute... Dec 2013... Dec 2017... Not Dec 2020... Dec 2021! Let's ride! 
Posted on 5/20/21 at 8:21 am to Future Islands
You have to consider it though.
This is why these runs stall out.
If you are swing trading, what profit margin does risk outweigh benefit when you consider short term capital gains?
Buy at 42k to maybe ride a wave up to 48k and lose 30% of that but risk losing even more if you read it wrong?
If you aren’t swing trading and are a long term holder, why would you buy at 42k when you almost KNOW it’s going to go to mid 20s at some point in the next 12-18 months? You just need to make sure you buy early enough to hold for a year before next peak.
Hence why buying pressure stalls.
This is why these runs stall out.
If you are swing trading, what profit margin does risk outweigh benefit when you consider short term capital gains?
Buy at 42k to maybe ride a wave up to 48k and lose 30% of that but risk losing even more if you read it wrong?
If you aren’t swing trading and are a long term holder, why would you buy at 42k when you almost KNOW it’s going to go to mid 20s at some point in the next 12-18 months? You just need to make sure you buy early enough to hold for a year before next peak.
Hence why buying pressure stalls.
Posted on 5/20/21 at 8:21 am to Tiguar
Posted on 5/20/21 at 8:23 am to Hulkklogan
Btw for those actually still trying to figure out what’s going on, I’d watch that 45k resistance real close.
Breaking that would really indicate we might be back on the way up to at least the mid 50s again
Breaking that would really indicate we might be back on the way up to at least the mid 50s again
Posted on 5/20/21 at 8:23 am to Hulkklogan
Has everyone calmed down now? Everyone take a look at your wallet. It’ll all be fine.
Posted on 5/20/21 at 8:27 am to Tiguar
quote:
You have to consider it though.
This is why these runs stall out.
If you are swing trading, what profit margin does risk outweigh benefit when you consider short term capital gains?
Buy at 42k to maybe ride a wave up to 48k and lose 30% of that but risk losing even more if you read it wrong?
If you aren’t swing trading and are a long term holder, why would you buy at 42k when you almost KNOW it’s going to go to mid 20s at some point in the next 12-18 months? You just need to make sure you buy early enough to hold for a year before next peak.
Hence why buying pressure stalls.
I think you are looking at it a little wrong.
I am a long term Crypto buyer, but I aint stupid. I can buy in at 42K, take profits (but not sell all) if we peak starting at 80K, but not blink if we go into a cold winter touching 30K, 20K etc. I would just keep adding like I would if I was investing in stocks...
I think the people in the space have sets of plans and (for the most part) stick to it.
For me, because I missed the last bull run and was not as prepared for this one (meaning didn't have enough money in at the start), my goal is to have stacks in the next 3-4 and by then, it should be FU stacks!
Posted on 5/20/21 at 8:31 am to Tiguar
quote:No one knows if its going to $20k in the next 12-18 months.
If you aren’t swing trading and are a long term holder, why would you buy at 42k when you almost KNOW it’s going to go to mid 20s at some point in the next 12-18 months? You just need to make sure you buy early enough to hold for a year before next peak.
I get swing trading and trying to time things if you end goal is getting as many dollars as possible and not necessarily caring about holding bitcoin long term. My goal is to accumulate as many sats as possible. If I would have sold into the mania yesterday and waited for the carnage to settle, I'd both have to pay a fat tax bill and then missed the bottom because it happened so fast. Sure it could bottom again or go lower, but I don't know that for sure. The on chain analysis folks I follow don't seem to think so. So here I would be, no sats in my wallet, huge tax bill, and looking at a BTC price 20-30% higher than when I would have sold. Far less risky for me and less stressful, to just hold.
I have a small side stash I use as play money where I'll trade around but I treat that as gambling funds.
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