Cryptocurrency Cryptocurrency - Page 714
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Thread: Cryptocurrency

  1. #7131

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    Quote Originally Posted by AtW View Post
    And what if it hits $300?

    I'd buy so many you wouldn't believe. Be similar in price to my first BTC purchases

    The bottom is almost in and the golden cross upon us.
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  2. #7132

    Richer than sasguru

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  3. #7133

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    ohhh negative press! We must be getting closer indeed
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  4. #7134

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    With something as insanely volatile as BTC, buying and holding a large sum is only for risk junkies.

    However, the strategy of trend following may help catch the meat of bull markets, and avoid the worst of bear markets.

    A simple indicator like this is probably as good as anything.

    Bull market: rising 200-dma
    Bear market: falling 200-dma

    Bitcoincharts | Charts

    Because of its tendency to go parabolic, and then violently crash, it's probably wise to periodically take profits off the table during a bull market.

  5. #7135

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    Or if you want to keep it really really simple, just follow the golden cross. Since the dawn of time no matter the market you can time buy and sell from bull to bear market with accuracy (this is what I did myself on the end of the last bull run). Traders have been doing it since the stone age. Although you'd have tapped out at $10k at the last run when it went to $20k but you'd have entered around $250. That's still a 3500% in what 24/30 months?

    And we're about to trigger our first golden cross of the next bull run (The blue line crossing the red one). Don't underestimate this, this transfer of wealth will not occur again for a couple of generations.




    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  6. #7136

    My post count is Majestic

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    Man. Why can't you shut the **** up. You went nice and quiet when the arse was falling out and now there is a push upwards you are yapping like an excited little dog.
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  7. #7137

    Contractor Among Contractors

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    the blue line is crossing the red line boys strap yourselves in

  8. #7138

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    Quote Originally Posted by scooterscot View Post
    Or if you want to keep it really really simple, just follow the golden cross. Since the dawn of time no matter the market you can time buy and sell from bull to bear market with accuracy (this is what I did myself on the end of the last bull run). Traders have been doing it since the stone age. Although you'd have tapped out at $10k at the last run when it went to $20k but you'd have entered around $250. That's still a 3500% in what 24/30 months?

    And we're about to trigger our first golden cross of the next bull run (The blue line crossing the red one). Don't underestimate this, this transfer of wealth will not occur again for a couple of generations.
    There's probably not a huge difference, in terms of timing, between golden cross and rising/falling 200-dma.

    Both are good for entry but not so accurate for exit. Where you get a parabolic move at the end of a bull run, especially in something as nuts as BTC, it's notoriously difficult to exit near the top.

  9. #7139

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    For sure, that's why we don't try to time the markets. You'll always lose money. Much better to dollar cost average in and out. Far safer.
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  10. #7140

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    Quote Originally Posted by scooterscot View Post
    Since the dawn of time no matter the market you can time buy and sell from bull to bear market with accuracy (this is what I did myself on the end of the last bull run).
    Quote Originally Posted by scooterscot View Post
    For sure, that's why we don't try to time the markets. You'll always lose money.
    Which is it?

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