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HOT TOPIC Bitcoin / Cryptocurrency Discussion (And Predictions)

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I sold all my crypto today. Got out down about $4k total. My reasoning is that it’s going to go lower along with the stock market. Feels like the market sentiment is that a bear market in everything is coming. I’ll sit on the sidelines and buy a little later.

I had my finger literally on the sell trigger 2 days ago on ETH. If you are familiar with coinbase I was at the transaction verification confirmation step but never but never pressed the button. I probably should have pressed the button. :)
 

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TheIronMike

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I will sell 50% of my BTC portfolio if the price goes below 4.5k usd (that's the price at which I bought it).
 

Yoda

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Over the last couple weeks, I've day traded quite a lot. My market value is down, but I'm winning, big time.

Here's why:

I stopped focusing on what Binance tells me I have, dollar-wise, and started focusing on what I can control most... coin count.
Hear me out.

When I originally got into this thing, my strategy was buy, hold, peel profits, re-invest. As I learned more about the market and what value different coins provided, I consolidated all my profits into three (VEN, ICX, XRB). My aim was then longer-term focused, and peeling profits at a very strategic pattern.

As things started moving downward, though, the strategy would mean simply holding; and so I did.

But, I had a decision to make... keep my strategy in force (ayyyy), or look at the logic of getting active as the streets turned blood red.

I actually put away the phone and computer for a couple days and reflected on what I wanted to do.

I weighed the pros, cons, and looked at the maximum possible loss versus maximum possible gain. The more I looked at the market, as a whole, I tried to see everything on a larger, longer timeline. That's when I had a thought...

What would "1-year-from-now-me" look back and advise myself?
The answer was, ultimately, accumulate more coins. If I knew, a year from now, every coin I owned of "X" was worth $1,000, what could I do which would allow me to have the most future value?

Simply, get more coins. The price of the coins now (as long as it was under $1,000) meant nothing.

None of us can control the value, but we can control the coin count.

That little shift in my mindset has made all the difference; instead of seeing my account value as a green or red, I'm now looking at my coin count as green or red.
I've been simply making what I'd call "micro-bets" each day. I'm trying to add 1-10 coins per day. That's it. Not trying to double my stack, not trying to make huge gains. It might mean catching a 2% swing over a 15-30 minute period. Small wins.

I'll pop in-and-out of a position, when I feel there is a legitimate trend or spiral, and then be done. My goal has been to accumulate a few coins per day, and it's working.

*Yes, this is day-trading. Yes, this is risky. So is all of crypto.

But, here's why this is different, and why I would ask you to consider your own stack count more than any other factor.
No matter what the market does, you can wake up every day and know your coin count hasn't diminished at all, unless you do something to lose it.

Focus on coin count.​
 

IGP

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Over the last couple weeks, I've day traded quite a lot. My market value is down, but I'm winning, big time.

Here's why:

I stopped focusing on what Binance tells me I have, dollar-wise, and started focusing on what I can control most... coin count.
Hear me out.

When I originally got into this thing, my strategy was buy, hold, peel profits, re-invest. As I learned more about the market and what value different coins provided, I consolidated all my profits into three (VEN, ICX, XRB). My aim was then longer-term focused, and peeling profits at a very strategic pattern.

As things started moving downward, though, the strategy would mean simply holding; and so I did.

But, I had a decision to make... keep my strategy in force (ayyyy), or look at the logic of getting active as the streets turned blood red.

I actually put away the phone and computer for a couple days and reflected on what I wanted to do.

I weighed the pros, cons, and looked at the maximum possible loss versus maximum possible gain. The more I looked at the market, as a whole, I tried to see everything on a larger, longer timeline. That's when I had a thought...

What would "1-year-from-now-me" look back and advise myself?
The answer was, ultimately, accumulate more coins. If I knew, a year from now, every coin I owned of "X" was worth $1,000, what could I do which would allow me to have the most future value?

Simply, get more coins. The price of the coins now (as long as it was under $1,000) meant nothing.

None of us can control the value, but we can control the coin count.

That little shift in my mindset has made all the difference; instead of seeing my account value as a green or red, I'm now looking at my coin count as green or red.
I've been simply making what I'd call "micro-bets" each day. I'm trying to add 1-10 coins per day. That's it. Not trying to double my stack, not trying to make huge gains. It might mean catching a 2% swing over a 15-30 minute period. Small wins.

I'll pop in-and-out of a position, when I feel there is a legitimate trend or spiral, and then be done. My goal has been to accumulate a few coins per day, and it's working.

*Yes, this is day-trading. Yes, this is risky. So is all of crypto.

But, here's why this is different, and why I would ask you to consider your own stack count more than any other factor.
No matter what the market does, you can wake up every day and know your coin count hasn't diminished at all, unless you do something to lose it.

Focus on coin count.​

I am doing the same thing... I am just buying more coins, lowering my cost basis, swapping coins where I see some leverage and just accumulating as many as possible while it's low.

Yes, my portfolio value has taken a huge hit, but that is unrealized gains. It's just a number on the screen until you sell for a profit or a loss.

If you bought something you believe in, then why sell at the bottom?

The probability everything goes to zero is much less than the probability that things recover, IMO.
 

GPM

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Focus on coin count.

Have you ever heard about people trading the gold-silver-ratio (GSR)?

I know a few people who do this. Essentially you set hard targets. Like when it hits 45 you trade your silver for gold, when it hits 75 you trade your silver for gold. By sticking to your targets and not getting emotional, and purely looking at the physical ounces that you hold, you can double or triple your stack in 20 some odd years through almost no extra work or cash investment of your own.

The guys who do this are looking at the long term play, or just accumulating as much physical as they can to pass on to their children or hold for a SHTF scenario. Either way is free oz.

Sounds like what you are doing is similar.
 

Justin Gesso

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@IGP and @amp0193, I agree with your sentiments.

There are a lot of reasons for this huge drop, but certainly the regulation announcements coming from major markets such as China, India, and South Korea are a factor. And we have hearings going on right now in the US Senate.

But...

All of these things are actually important steps in the maturation of cryptocurrency. They are moving us away from the "wild west" and toward a platform that will be more acceptable to the mainstream.

As such, we're likely nearing some fantastic buying opportunities.
 

J.Sark

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I believe everything is fine as long you understand the risk when you make the investment. You cannot expect to triple your money down in a week without any risk. In any case, I assumed that money as lost the day I bought crypto (I bought a bit more today, guess I'm a hopeless optimistic). If it multiplies x5 or something crazy like that, awesome.

Otherwise, for me, it was worth the risk. I mean, I had the chance to sell with a 100% profit and I didn't want to, so it's just logical that it can go the other way around...
 

powderhound100

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Over the last couple weeks, I've day traded quite a lot. My market value is down, but I'm winning, big time.

Here's why:

I stopped focusing on what Binance tells me I have, dollar-wise, and started focusing on what I can control most... coin count.
Hear me out.

When I originally got into this thing, my strategy was buy, hold, peel profits, re-invest. As I learned more about the market and what value different coins provided, I consolidated all my profits into three (VEN, ICX, XRB). My aim was then longer-term focused, and peeling profits at a very strategic pattern.

As things started moving downward, though, the strategy would mean simply holding; and so I did.

But, I had a decision to make... keep my strategy in force (ayyyy), or look at the logic of getting active as the streets turned blood red.

I actually put away the phone and computer for a couple days and reflected on what I wanted to do.

I weighed the pros, cons, and looked at the maximum possible loss versus maximum possible gain. The more I looked at the market, as a whole, I tried to see everything on a larger, longer timeline. That's when I had a thought...

What would "1-year-from-now-me" look back and advise myself?
The answer was, ultimately, accumulate more coins. If I knew, a year from now, every coin I owned of "X" was worth $1,000, what could I do which would allow me to have the most future value?

Simply, get more coins. The price of the coins now (as long as it was under $1,000) meant nothing.

None of us can control the value, but we can control the coin count.

That little shift in my mindset has made all the difference; instead of seeing my account value as a green or red, I'm now looking at my coin count as green or red.
I've been simply making what I'd call "micro-bets" each day. I'm trying to add 1-10 coins per day. That's it. Not trying to double my stack, not trying to make huge gains. It might mean catching a 2% swing over a 15-30 minute period. Small wins.

I'll pop in-and-out of a position, when I feel there is a legitimate trend or spiral, and then be done. My goal has been to accumulate a few coins per day, and it's working.

*Yes, this is day-trading. Yes, this is risky. So is all of crypto.

But, here's why this is different, and why I would ask you to consider your own stack count more than any other factor.
No matter what the market does, you can wake up every day and know your coin count hasn't diminished at all, unless you do something to lose it.

Focus on coin count.​


Thanks for your thoughts Yoda, greatly appreciated. Are you still peeling 25% of your profits into smaller coins that you will hold for a year?

What has been your strategy for increasing your stack, any specific technical analysis strategy? Do you trade your whole stack?

I've just started reading insider buy superstocks by Jesse Stine, inspired by this article: How to Crush the Crypto Market, Quit Your Job, Move to Paradise and Do Whatever You Want the Rest…

I am starting to learn more about trading as I do think there is a ton of potential in this market to increase your number of coins. Trading is new to me, my stock and crypto strategy so far has been much more on the research and then hold strategy.
 
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Yoda

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What has been your strategy for increasing your stack, any specific technical analysis strategy? Do you trade your whole stack?

Strategy:
I stick to identifying trends on candlesticks, mostly between the 5 and 30 minute graphs. I pair this up to what's happened the previous couple hours across both sides of the pair.

Stack Size:
Never more than 25%. As my stack has grown, I'm less and less inclined to even use this much. My target is only small wins.

Like in poker, play proportional to your bankroll.
 

mguerra

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Well... I was already contemplating this idea of acumulating more coins and after that I'll start to play a little.

How much time do we have before things begin to rise to 'normal' levels again? I see lots of rumors about late february, but... :zzz:
 

JasonR

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How much time do we have before things begin to rise to 'normal' levels again? I see lots of rumors about late february, but...

I have stayed out of the Crypto market for various reasons, but the main one is no one, absolutely no one could provide any reasonable basis as to what BTC or other coins should actually be worth.

The entire market was rife with scams and pump and dump ICOs. I think it was obvious that a huge correction was on its way.

I think we see BTC settle at $2500 - 3000. There is no "normal" for Crypto, and there won't be for years.

That being said, I was going to buy some Crypto a year ago with extra cash just sitting there, and I forgot about it. I still wish I bought some then to hold on to for fun. Oh well.
 

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Coalission

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uXsfpo7.png


Most people have this backwards.
 

steelandchrome

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Goodyear Az
I work way too much :( I didnt get a chance to look at anything from 6am when I went to work till now at home and missed a great opportunity for $555 ETH [emoji19]. Oh well... Shoulda added a few limit buys.

Sent from my SM-G935V using Tapatalk
 

steelandchrome

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Goodyear Az
On a side note for those who haven't signed up for the waitlist yet robinhood will be adding BTC and ETH purchasing soon with no fees. I don't think I've ever posted a referral link so don't hate on me for doing so now ;)
There's A Free Stock Waiting For You
If you sign up now you get a free share of stock worth anywhere from $3-200 via a referral link. I've gotten about $50 in free shares from friends signing up and figured I'd post it here for the hell of it ONLY because you could get that free share now and then share your link with your friends to sign up and get another share for each of you and then sell them all and trade for ETH when it goes live. If this is unacceptable I'm happy to delete ;)

Sent from my SM-G935V using Tapatalk
 

James Fake

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Sorry guys for going MIA. Between trading a bear market, Feedbackz, and FBA.. it's been quite hectic on my end.

My next week's predictions:

I don't see the market gaining any momentum really, the bull should stop short and return back to the big picture bear channel and hit bottom again. Hopefully; double-bottom but I see $6k or $5.6k by the end of the week'ish.

Strong possibility, recovery may take awhile too, a month or a few months. Sideways. This would be good for alts though.

I still think we'll get a trading environment in crypto in the next coming weeks where we'll see 1-4 coins hitting 30%+ every few days. Seeing glimpses of it now with LTC, ICX, and BCH.
 

JohnBuffet

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Sorry guys for going MIA. Between trading a bear market, Feedbackz, and FBA.. it's been quite hectic on my end.

My next week's predictions:

I don't see the market gaining any momentum really, the bull should stop short and return back to the big picture bear channel and hit bottom again. Hopefully; double-bottom but I see $6k or $5.6k by the end of the week'ish.

Strong possibility, recovery may take awhile too, a month or a few months. Sideways. This would be good for alts though.

I still think we'll get a trading environment in crypto in the next coming weeks where we'll see 1-4 coins hitting 30%+ every few days. Seeing glimpses of it now with LTC, ICX, and BCH.

Thanks James, everything is looking up tonight, do you think this weekend things will go up more? XLM and XRP are looking great, but you think those will dip back down again next week also?
 

James Fake

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Screen Shot 2018-02-11 at 1.26.39 PM.png

Here's my current prediction for the upcoming months: Poop.

Likely a drop to $5.6k'ish in the next days followed by a strong bull rally up to $9k or $10k during the next week.

That will top out and fizzle to a month-long bear bleed to a crazy $4,999 or lower. A reversal maybe around end of March and a slow build back up.. hoping for a good summer.

XRP is an x-factor here. I think it may look to peak it's head here or there whenever Bitcoin is going sideways or up.
 

LifeTransformer

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View attachment 17790

Here's my current prediction for the upcoming months: Poop.

Likely a drop to $5.6k'ish in the next days followed by a strong bull rally up to $9k or $10k during the next week.

That will top out and fizzle to a month-long bear bleed to a crazy $4,999 or lower. A reversal maybe around end of March and a slow build back up.. hoping for a good summer.

XRP is an x-factor here. I think it may look to peak it's head here or there whenever Bitcoin is going sideways or up.

What's this based on?
 

James Fake

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What's this based on?

How most major corrections usually trend out from a big long bear. But crypto proved me very wrong this time. I do think a major sell-off is still in the sights from bag holders who bought in at the $10k "bottom", but again, I've been really off so I'll prob just trade solo in-house for a few weeks.
 
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MMatt

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I have been following crypto obsessively for the last two months.

I am following multiple well known crypto traders, and long-term investors on various social media outlets.

What i have learned is that crypto has yet to follow any short-term technical analysis or predictions from anyone I follow, regardless of their amount of knowledge or experience in the markets.

Moral of the story is buy low sell high, or hold long term. Keep it simple unless you are trading successfully over, and over, and over.

I personally sold a bit early when bitcoin was recovering from the bottom. Waiting on the sidelines for another dip before locking in all of my long holds. Or should I say I am sitting on the sidelines "hoping" for another dip.
 

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ljb7

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@TinyTim

I made an interesting VEN discovery yesterday. I know you're filling your bags so thought you'd find this interesting:

I went back on the charts and located 4 big news announcements. I wanted to get a TA perspective on 'Buy the rumour, sell the news'. Well what I found was really interesting.

After each big announcement was made, price action ALWAYS retraced back to the 61.8 fibonacci level before continuing its uptrend. Check it out.

Granted, we can't say for sure it'll happen again, but it sure as hell gives me a better idea of where to reenter as opposed to just winging it!
 

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bringitnow28329

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Lol this is not a big discovery... Fibs work in all asset classes and on all time frames from stocks, bonds, options, forex, futures and cryptos.

@TinyTim

I made an interesting VEN discovery yesterday. I know you're filling your bags so thought you'd find this interesting:

I went back on the charts and located 4 big news announcements. I wanted to get a TA perspective on 'Buy the rumour, sell the news'. Well what I found was really interesting.

After each big announcement was made, price action ALWAYS retraced back to the 61.8 fibonacci level before continuing its uptrend. Check it out.

Granted, we can't say for sure it'll happen again, but it sure as hell gives me a better idea of where to reenter as opposed to just winging it!
 

farmer79

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@farmer79 - at the summit? What ya wearing today? Im here scanning everybody for somebody that might be into farming lol

No unfortunatley not, had a ticket but I had something come up on Monday on the farm that made it impossible to get away. Very sorry to miss. Sounds like I missed a great event.
 

baltais

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Made a YouTube animation video about TOP 5 Scam coins. Cracking them down one by one and analyzing how the scammers behind these coins try to fraud money out of naive investors.

There are no affiliate or sales links in the video, it's just for enjoyment so enjoy! :)))))

 

steelandchrome

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Goodyear Az
Yikes! Great buying opportunity, or the start of a further slide [emoji848] ... Maybe I should put the rest of my money I brought to Vegas into some ETH instead [emoji23]

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