If you're not fine with such BTC price swings like the recent one then you're better in a bear market, because volatility is what makes a bull market what a bull market is and good traders money.
Often times we wish for things we're not prepared for and the price action of BTC lately shows clearly that some are not prepped for that much fun.
$5,000 swing in a day is huge... but only if you're living based on your past experience in crypto. If we consider $100,000 BTC a future reality we'd better prepare for such swings.
BTC is currently on uncharted territory and that leaves room for a lot of surprises and violent moves.
By the way, if any of you thinks we're not gonna have an altcoinseason, think again. Have a look at ETH first and foremost, than at the BTC dominance and do your math. Unfollowing some smartass on twitter claiming no alts party this year is also a good option.
$100,000 is still in cards, but not today or tomorrow, and it's gonna get choppy towards such peak and above if we're lucky. Hold tight and enjoy the ride, trade if you know what you're doing...
By the way, this post is a warm up for microblogging. Feel free to disconsider it and downvote if against your quality standards. I'm fine with this type of content though so can't wait for mleo.
Source of screenshot: @wublockchain on Twitter
Thanks for attention,
Adrian
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This was a good deal to have some orders for sale and rebuy in. Some made good money today from the swings.:)
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Indeed. I was into trading at some point as well but... ce luam pe mere dadeam pe pere so I quit.
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I like bear markets because they allow me to just accumulate my tokens without caring for the current price. That said, Bull markets is where the money is made (at least for me) and I certainly love these swings. Sold at 34,000, bought back in at 29,100, it's now back to 31,820 - I've had worse days... ;-)
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Good for you.
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mleo?
Microblogging that's gonna be launched soon.
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aaa cool
So we basically have to get used to BTC choppiness AND this microblogging style altogether ? Fine by me ;)
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Kind of yeah. The speed era is here
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Absolutely. 1000 US$ hourly candles are going to be the new normal, and something few worry about in months ahead.
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