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OfflinegeokillsA
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nimpo] * 2
    #27264303 - 03/22/21 10:03 AM (2 years, 10 months ago)

No need to cut off one's nose to spite thine face.  This is a good crypto market.  Get it while the going's good and enjoy it :yesnod:.


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OfflineNature Boy
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
    #27264334 - 03/22/21 10:28 AM (2 years, 10 months ago)

Quote:

geokills said:
No need to cut off one's nose to spite thine face.  This is a good crypto market.  Get it while the going's good and enjoy it :yesnod:.




Meaning what, exactly, Geo?  Just hold and mark time, take profits where appropriate?  I don't understand this cryptic statement.  I have taken off $4,746 in profits in March.  I have another $4,172 profit still invested that I could "harvest" this very moment if I liquidated every position, BTC, ETH, LINK and UNI.  Why wouldn't I do that if there's going to be a BTC dump down to 50,000 or even below?




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All submitted posts under this user name are works of pure fiction or outright lies.  Any information, statement, or assertion contained therein should be considered pure unadulterated bullshit.  Note well:  Sorry, but I do not answer PM's unless you are a long-time trusted friend.  If you have a question, ask it in the appropriate thread.

                                                                               


Edited by Nature Boy (03/22/21 11:00 AM)


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OfflinegeokillsA
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nature Boy] * 2
    #27264364 - 03/22/21 10:55 AM (2 years, 10 months ago)

For one thing, no one knows if there will be a dump to $54K or below.  Money is made in the time between the buying and the selling.  If you are profitably navigating the shorter term ebb and flow of the price action by moving in and out of your positions, by all means keep doing what's working for you.  For my part, I find it considerably less stressful, historically more profitable, and easier with regard to tax accounting, to simply respect the prevailing longer term trends while refraining from attempts to micromanage the shorter-term ebb and flow.  It may be worth considering that your 3 month returns as reported in the image you posted are around 45%.  That is fairly significant underperformance, given that BTCUSD is up 150%+ over that same time period.

What I meant specifically by my above response to Nimpo, is that it seems counterintuitive/counterproductive to hope to see one's own "blood in the water" under the logic that "a fearful crypto market usually always leads to a good crypto market."  Why hope for the market to negatively change character and in turn hurt one's own positioning under the assumption that there will be an eventual reversion to brighter days?  Especially when the brighter days are shining on your shoulders right at this very moment.


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Edited by geokills (03/22/21 11:00 AM)


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OfflineNature Boy
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
    #27264371 - 03/22/21 11:03 AM (2 years, 10 months ago)

For the record, I generated that profit with a peak investment of $34,975 (now, today) but 90% of the time it was between $7,000 and 15,000.  I only entered the crypto market for the first time ever in my 68 year old life (at a measly $3,000 first purchase of ETH) on February 1.  So that accounting is what I generated in exactly 50 days with almost no money.  Look back to when I joined this thread.  It was coincident with that.

I'd say given the foregoing, my strategy of playing the dumps and pumps paid off handily.

EDIT:  Thanks for the elaboration on your earlier statement.  I see where both of you are coming from.


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All submitted posts under this user name are works of pure fiction or outright lies.  Any information, statement, or assertion contained therein should be considered pure unadulterated bullshit.  Note well:  Sorry, but I do not answer PM's unless you are a long-time trusted friend.  If you have a question, ask it in the appropriate thread.

                                                                               


Edited by Nature Boy (03/22/21 11:14 AM)


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InvisibleNimpo
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
    #27264392 - 03/22/21 11:20 AM (2 years, 10 months ago)

Quote:

geokills said:
Why hope for the market to negatively change character and in turn hurt one's own positioning under the assumption that there will be an eventual reversion to brighter days?  Especially when the brighter days are shining on your shoulders right at this very moment.




This market cycle has already been extremely profitable, even for those who jumped on the bandwagon in January. A hard capitulation down would be a great benefit for many, as itll work as a reset to basically tack on another 2-10x returns (depending on the coin). Its also healthy for the market to have these hard corrections (assuming we dont enter a bear market), as thats how prices trend higher over time. I doubt we will see many coins push another 5x-10x+ returns for the rest of this market cycle, unless things tank, causing new money to flood in.


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OfflineManianFHS
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nimpo]
    #27264447 - 03/22/21 12:00 PM (2 years, 10 months ago)

DOT what in the world haha, man if I knew what I knew now, all in on the ebb and flow it’s been on.

Consistently buying $5 lower and selling $5 higher for nearly a month now, doubled (a small position), currently cash and waiting on a buy order at $33 - don’t know if it’ll dip that low again right now so might adjust to $34 range, but still, if it doesn’t hit man I am happy with doubling up with little to no effort :smile:


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notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... "

ChrisWho said: "It's all about the journey, not the destination."


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OfflineNature Boy
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nimpo]
    #27264448 - 03/22/21 12:02 PM (2 years, 10 months ago)

:whathesaid:  The popular opinion seems to be that this is slowly becoming an ever-more likely scenario.  No market goes up forever.  None. So my question is why stick around when economic murder is in the offing? It's like saying OK...I'll commit suicide so we're ALL dead. Wouldn't it be better to sit that out as a survivor and re-enter the market with your investment cash intact?

If ETH hits 1790 or above, I may liquidate everything depending on momentum.  If it carries on higher, I'll place my limit sell at a tiny bit above 1790, and when it sells, dump all the rest as well and just sit on the sidelines and wait.  Watching like a hawk.


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All submitted posts under this user name are works of pure fiction or outright lies.  Any information, statement, or assertion contained therein should be considered pure unadulterated bullshit.  Note well:  Sorry, but I do not answer PM's unless you are a long-time trusted friend.  If you have a question, ask it in the appropriate thread.

                                                                               


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OfflineManianFHS
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nature Boy]
    #27264458 - 03/22/21 12:12 PM (2 years, 10 months ago)

Personally, if I was anticipating a large correction, I would set stops for levels that assured some gains but didn’t trigger immediately. I anticipate strength for the near future, and wouldn’t want to be sitting on a devalued dollar longer than I have to.

Personal opinion...


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notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... "

ChrisWho said: "It's all about the journey, not the destination."


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OfflineEnkidu
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: ManianFH]
    #27264816 - 03/22/21 04:22 PM (2 years, 10 months ago)

Shoulda waited longer to buy back in

Hate it when that happens


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OfflineNature Boy
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Enkidu] * 1
    #27264944 - 03/22/21 06:18 PM (2 years, 10 months ago)

Quote:

Enkidu said:
Shoulda waited longer to buy back in
Hate it when that happens




Tomorrow is another day, Enkidu.  Don't sweat it.

My spidey sense was tingling this morning.  Should've listened.  Had I dumped everything as I thought I should have I'd be sitting with $55K plus in cash ready to scoop up bargains galore right now, instead of only 13K in cash.  You want to know WHY I didn't dump everything?  Because my fucking ego couldn't take a "first loss ever" of $80.00.  Had I just done what I knew I should, I'd be scooping up bargain crypto like a drunken sailor in a whorehouse right now.  I fucked myself over a measly $80.00 worth of EGO. So everybody has some regrets at one time or another.  I'll learn from it and move on.

I'm gonna man up and just be patient.  If I can do it, so can you, bud!  :thumbup:


--------------------
All submitted posts under this user name are works of pure fiction or outright lies.  Any information, statement, or assertion contained therein should be considered pure unadulterated bullshit.  Note well:  Sorry, but I do not answer PM's unless you are a long-time trusted friend.  If you have a question, ask it in the appropriate thread.

                                                                               


Edited by Nature Boy (03/22/21 06:28 PM)


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OfflineGrimsweeper
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nature Boy]
    #27265037 - 03/22/21 08:08 PM (2 years, 10 months ago)

I bought in again for 5K at 54,6. I know the last big bull run is coming sometime soon but I'm pretty sure I'm gonna pull half my portfolio at 60. Tough decision. I'd only be playing with 15% of my own cash at that point.


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Invisiblesh4d0ws
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Grimsweeper]
    #27265197 - 03/22/21 10:40 PM (2 years, 10 months ago)

Videocoin ICO I contributed to in 2018 is finally making some headway...still need to 2.5x to make the ETH back, but it sat at 5 cents for what felt like an eternity. I lost complete confidence that it was going to amount to anything but in this market everything seems to be moving.

Not a trivial amount either...so its nice to see...if I were to sell now I've at least made the initial USD value back rather than taking a loss.

I regret not putting some cash into it at 5 cents just 2 months ago cause it's at $0.65 right now

:lol:


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OfflineNature Boy
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: sh4d0ws]
    #27265667 - 03/23/21 08:22 AM (2 years, 10 months ago)

Well, I was fearful we would see a plunge to 42K or below.  That doesn't seem to be in the offing, so I'm OK with the minor 6 - 7% dip.  Although it appeared headed the wrong way fast, the deep 40% dive I thought was upon us...apparently isn't - at least not today.  :shrug:


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All submitted posts under this user name are works of pure fiction or outright lies.  Any information, statement, or assertion contained therein should be considered pure unadulterated bullshit.  Note well:  Sorry, but I do not answer PM's unless you are a long-time trusted friend.  If you have a question, ask it in the appropriate thread.

                                                                               


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InvisiblebodhisattaMDiscordReddit
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nature Boy]
    #27265726 - 03/23/21 08:57 AM (2 years, 10 months ago)

Like geo said if you held you would have been in a better position over the same tkme period than your trying to play the dips. Also figure how many transaction fees also ate into that.


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InvisibleNimpo
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: bodhisatta]
    #27265837 - 03/23/21 10:29 AM (2 years, 10 months ago)

Hodling really goes a long way in crypto. Ive made a few successful swing trades throughout the months, but it aint really worth the stress.


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OfflineNature Boy
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: bodhisatta]
    #27265890 - 03/23/21 11:14 AM (2 years, 10 months ago)

Quote:

bodhisatta said:
Like geo said if you held you would have been in a better position over the same tkme period than your trying to play the dips. Also figure how many transaction fees also ate into that.




No.  That's absolutely wrong.  His assessment was incorrectly predicated on his assumption I was trading in the cryptomarket the entire year (i.e. from January 1).  Go back and look at what I wrote AFTER his assessment, where I corrected that misapprehension.  My VERY FIRST trade was February 1 and was for a meager $3000 worth of ETH.  In reality I made a shit-ton of money with practically no principle invested for the whole of February until I had the balls to slowly start putting more and more of my own money incrementally at risk in early March.  That came only a few short weeks ago.

When you work with the ACTUAL numbers, I am WAY, WAY, WAY ahead of a HODL strategy as a result of a dozen dumps and pumps of ETH, a couple of dump and pumps of BTC, and a smattering of other coins that I likewise dumped and pumped a couple of times.  My transaction fees are de minimis (sometimes only $7.00 - I have no idea why) and in no way affected the profitability of any trade I've made in the past 6 weeks (once I adopted CBP).


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All submitted posts under this user name are works of pure fiction or outright lies.  Any information, statement, or assertion contained therein should be considered pure unadulterated bullshit.  Note well:  Sorry, but I do not answer PM's unless you are a long-time trusted friend.  If you have a question, ask it in the appropriate thread.

                                                                               


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InvisibleChemicalSpark

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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nature Boy]
    #27265905 - 03/23/21 11:24 AM (2 years, 10 months ago)

ONE is on its way back up :naughty:


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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: ChemicalSpark]
    #27265988 - 03/23/21 12:20 PM (2 years, 10 months ago)

^^

Quick recovery. Bought in twice more on the way down :crazy2:


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OfflineNature Boy
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Kittlebean]
    #27266035 - 03/23/21 12:44 PM (2 years, 10 months ago)

I thought about sniping some choice price on BTC, but my concern for further downside pressure kept me from pulling the trigger.  I'll be satisfied when my portfolio is back to where it was a day or two ago.  Only $1,100 more upside value to go, and I'm back.  :thumbup:

Not liking the bump in the DXY.  It's up to 92.34 from comfortably below 92 just last night.


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All submitted posts under this user name are works of pure fiction or outright lies.  Any information, statement, or assertion contained therein should be considered pure unadulterated bullshit.  Note well:  Sorry, but I do not answer PM's unless you are a long-time trusted friend.  If you have a question, ask it in the appropriate thread.

                                                                               


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OfflineManianFHS
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Nature Boy]
    #27266273 - 03/23/21 03:16 PM (2 years, 10 months ago)

DOT baby on its way back down. hoping for order to trigger at $33, but might adjust if it looks on its way back up by tonight.


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notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... "

ChrisWho said: "It's all about the journey, not the destination."


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