CRYPTO WARNING

there will be plenty more crashes, just like any other market. weekends are traditionally down as fiat doesnt flow. lets have some trader logic rather than "it just feels bad, crypto....."
 
dozerz said:
there will be plenty more crashes, just like any other market. weekends are traditionally down as fiat doesn't flow. lets have some trader logic rather than "it just feels bad, crypto....."
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Back when Mt Gox was still trading in 2011, there would be crashes or mini-crashes just about every weekend so much so that there was a meme made about the weekend coming. Those were good times for dollar cost/value averaging to build up a stake, but they required long term faith in the project. I first bought on an all time high and saw a 90% fall in value from there.
 
dozerz said:
there will be plenty more crashes, just like any other market. weekends are traditionally down as fiat doesnt flow. lets have some trader logic rather than "it just feels bad, crypto....."
Click to expand...

I would have provided a chart and backed it up with the technical indicators but it is not really worth the effort with this forum becoming more of a p1ssing contest by the day.

Happy to be wrong on this call. I exited my trade 4 days earlier than I'd planned but I'm not greedy.
 
more disappointment that people still pretend they can predict crypto price, lets just accept it doesnt behave like your other commodity markets and we can all be happy.
 
It is all untested really .
You have to be in to win.
If we think about it bitcoin could crash down to $3000 tomorrow and you should not really worry as it ha has far bigger % losses in the past.
Now if it loses 10% it is a $600 loss yet when it was sitting at $100 and went to $80 (a 20% loss) no-one panicked.
We are just talking bigger numbers now and i think if serious you need to forget about $$$$$$$$$ and focus on %%%%%%%% and that way it may stop silly move.
Just my view.
 
dozerz said:
more disappointment that people still pretend they can predict crypto price, lets just accept it doesnt behave like your other commodity markets and we can all be happy.
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I do not pretend, but I at least try. The crypto market is not just some random beast. Some people are able to actively trade successfully it but if you're the buy and hold type there is nothing wrong with that either.

Regardless, I will cease offering my trading insights on this forum. Good luck to you.
 
hopefully we can still have a healthy discussion and agree to disagree, no need to take your bat and ball home.
 
dozerz said:
more disappointment that people still pretend they can predict crypto price, lets just accept it doesnt behave like your other commodity markets and we can all be happy.
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Definitely doesn't behave like PM markets. :p
 
Hmm, alot of euphoria leading up to the fork. I don't know if there's going to be a crash after the fork, but I'm hoping that alts will get some of the outflows from Bitcoin if it does crash.
 
Damn, I really want to read what Ignored Members have to say. oh well, why spoil a good Friday with what is probably a sniper? LOLOL.

IGNORE STOIC.JPG
 
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