Ha, first of all I was talking about @edicted's... second of all, chill out. If you go look through my posts I actually have a pretty good track record of calls and predictions.
You are viewing a single comment's thread from:
Ha, first of all I was talking about @edicted's... second of all, chill out. If you go look through my posts I actually have a pretty good track record of calls and predictions.
Emotions are running high!!!
This market is nuts!
smells like FUD to me... or maybe FOMO?
Posted Using LeoFinance Beta
I am not a fomo, I identify as a toaster...
Posted Using LeoFinance Beta
Yes, I'm getting overexcited :)
You tend to say hold BTC - and yes over the time frame of 12 years that has worked well. But the assumption that a brief 12 year history in a rapidly developing new field like cryptos is a solid base to predict the next decade makes no sense at all.
As likely as not there will be massive changes that will make that history all but irrelevant.
BTC is a strongly fluctuating asset and missing the massive up and down trends makes no sense to me at all - it's not hard to swap in and out of it.
On Leo people are getting excited about "what can I buy with 10 Leo posts" but ignoring the fact that this year a good trade call on one Bitcoin can be worth US$10,000 (or 20,000 Leo) in a week.
These trades are worth serious money but the HODL mantra ignores that and assumes everyone has so little BTC that a 20% drop is no big deal.
That's not my contention at all. You are attempting to trade the up and down moves within the broader context of an 18 month bull market. My point, from professional experience, is that your returns are likely to be better buying at the beginning of it and selling towards the end than trying to trade every zag in between.
That being said... Ive said numerous times trading these up and down moves around a core position that you hold is not a bad idea. I'm just not a fan of being all out on the first major impulse move of this parabolic phase. Sure these past patterns may fail at some point but they haven't yet and waiting for a 52% drop when that didn't happen once during the 2017 bull market seems risky to me. You are betting on this time being different even though everything up to now has gone pretty much as expected.
today i hitched a ride on Tezos and have just jumped out - that was a fast one!
Posted Using LeoFinance Beta