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Epic Pennant on BTC Chart


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3 hours ago, JASCoder said:

FWIW - After of decades of trading, with some successes and too many failures, I believe my biggest leak (as a poker player would say) is being too greedy (and stubborn). I've finally learned to compromise with my inner greed demon, and to "book" some profits, and leave some playing around money in the game to chase the rainbows with.

I've also learned this in just the very small amount of buying of stocks and crypto that I've done. Very frequently I have doubled my money but didn't cash out because I thought it was going higher, then always lost out. It's interesting because I used to be a Roulette dealer at a casino. I would constantly see people come in and win in the beginning, but keep playing and always loose in the end. You would think I'd learn my lesson!

I remember reading once that the most successful people in investing bought an investment then forgot about it, quite a number of years later they came out way in front, which is definitely an argument for not investing money you need in the short term.

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3 hours ago, Chookstar said:

I've also learned this in just the very small amount of buying of stocks and crypto that I've done. Very frequently I have doubled my money but didn't cash out because I thought it was going higher, then always lost out. It's interesting because I used to be a Roulette dealer at a casino. I would constantly see people come in and win in the beginning, but keep playing and always loose in the end. You would think I'd learn my lesson!

I remember reading once that the most successful people in investing bought an investment then forgot about it, quite a number of years later they came out way in front, which is definitely an argument for not investing money you need in the short term.

I think there's two ways to make a profit with minimal investing skills:-

1) as you say - forget you own your investments, then remember years later

2) "I got rich by selling too early". 

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It went 31.5% and it was first leg (speculatively), so called institutional investoes did not make any difference in price swings, but twitter and resr is full of new bear market. In 2013 BTC did two spikes within 7-9 months, in 2017 it was 7 months move. We are barely 1 month from breaking 2017 ATH and everyone ominous AF, week ago everyone was at least 50k bullish.

Edited by xrp-nuke
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The move downwards yesterday ended up being accompanied by large volume.  The move I read was attributed to BItmex erroneously reporting that there was a double spend.  If that was the reason a rebound should ensue pretty quickly.  This was one of those moves where stock rules do not apply.  Many people still do not understand Bitcoin so panic can ensue quickly based on misunderstandings.

I'm sure a lot of people took advantage of this shake out. 

https://markets.businessinsider.com/currencies/news/bitcoin-price-double-spend-flaw-critical-report-suggests-2021-1-1029990921

1 22 2021.png

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2 minutes ago, Eric123 said:

The move downwards yesterday ended up being accompanied by large volume.  The move I read was attributed to BItmex erroneously reporting that there was a double spend.  If that was the reason a rebound should ensue pretty quickly.  This was one of those moves where stock rules do not apply.  Many people still do not understand Bitcoin so panic can ensue quickly based on misunderstandings.

I'm sure a lot of people took advantage of this shake out. 

https://markets.businessinsider.com/currencies/news/bitcoin-price-double-spend-flaw-critical-report-suggests-2021-1-1029990921

1 22 2021.png

Bitmex.... dirty AF

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13 minutes ago, Eric123 said:

The move downwards yesterday ended up being accompanied by large volume.  The move I read was attributed to BItmex erroneously reporting that there was a double spend.  If that was the reason a rebound should ensue pretty quickly.  This was one of those moves where stock rules do not apply.  Many people still do not understand Bitcoin so panic can ensue quickly based on misunderstandings.

I'm sure a lot of people took advantage of this shake out. 

https://markets.businessinsider.com/currencies/news/bitcoin-price-double-spend-flaw-critical-report-suggests-2021-1-1029990921

1 22 2021.png

It's a bit like saying XRP is a security :rolleyes:

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15 minutes ago, Eric123 said:

The move downwards yesterday ended up being accompanied by large volume.  The move I read was attributed to BItmex erroneously reporting that there was a double spend.  If that was the reason a rebound should ensue pretty quickly.  This was one of those moves where stock rules do not apply.  Many people still do not understand Bitcoin so panic can ensue quickly based on misunderstandings.

I'm sure a lot of people took advantage of this shake out. 

https://markets.businessinsider.com/currencies/news/bitcoin-price-double-spend-flaw-critical-report-suggests-2021-1-1029990921

1 22 2021.png

IMO this was a pure technical breakdown, many indicators where overheated and RSI finally had some time to cool off. BTC dominance steadily decreasing, this could be the rebound where alts will start their parabolic moves. I bought more in this dip and will buy more if it dips even further.

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It zipped up from 16k to 42 without taking a pause for breath, then it wobbled between 42 and 30.  It that really noteworthy?  It was a buying opportunity for the latecomers.

Next stop 50K

My ADA is rebounding faster than BTC.  It seems the first tremors of Alt season are evident.

XRP is still very sluggish for reasons we know; too many bad news stories.  Polkadot is the poster child of this season so far.

Edited by Julian_Williams
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Crypto, man you got to love it and hate it. I just don’t bother looking when I have a feeling the shit is going to hit the fan. Suppose like many on here, if you’ve been buying through the depressed period, a “kick to the teeth” as @ManBearPigso eloquently so put it means a little less unless you are trading this crap 😂😂

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On 1/22/2021 at 5:30 PM, Julian_Williams said:

...

My ADA is rebounding faster than BTC.  It seems the first tremors of Alt season are evident.

XRP is still very sluggish for reasons we know; too many bad news stories.  Polkadot is the poster child of this season so far.

Great stuff from ADA indeed!

VeChain is doing well to. If I remember correctly, it was the doc, who made me notice VET in this very thread some time ago. I hope he is well, I still miss reading him here from time to time.

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On 1/21/2021 at 9:08 AM, Baka said:

no , we need to see if we broker under 30K first. because if we do , we can go to 20-25K pretty fast

Your assist/turnover went from 1/4 to 9/10 all in a sudden.

What happened?

Edited by MQB
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Bitcoin's Bollinger Bands have leveled out for the last 4 days and the price has broken the down trend it has been in since January 14th.  The price is still in the larger downtrend it has been in since January 8 when it hit it's all time high.  The price will probably move out of that downtrend by the end of the week.  Hashrate is at an All Time High.

XRP's bollilng bands are starting to really tighten.  With just sideways price action XRP will break out of the downtrend on the date of the first hearing in the SEC lawsuit - Feb 22. 

1 25 2021.png

XRP.png

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