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Thread: Bitcoin and the new financial world....or something like that

  1. #41
    The master farter
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    Quote Originally Posted by MudRunnerTD View Post
    Yeah looking at the graphs i can see that they should come back. There really is a window to jump in and out of though that would earn well as long as they bounce down not up.
    Yeah it seems cryto moves like shares, something big happens in the US, and people move fast to beat to rush. Biden's looking at raising taxes of some sort in the US and it seems to have sent everything into a spin. Not 100% on what it is as yet.

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  4. #42
    Legendary jay see's Avatar
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    Quote Originally Posted by MudRunnerTD View Post
    Yeah looking at the graphs i can see that they should come back. There really is a window to jump in and out of though that would earn well as long as they bounce down not up.
    Quote Originally Posted by MudRunnerTD View Post
    There really is a window to jump in and out of though that would earn well as long as they bounce down not up.
    I could have alot more if l got the timing right on that window, but if I got it wrong I would have alot less.

    I'm treating this whole thing as a hold, hold, hold.... It's working for me I'm well up on my starting figure..

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  6. #43
    Smart like tractor Ben-e-boy's Avatar
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    These are genuine questions...


    1. Why would you buy and hold in high volitility markets?. Buy and hold is for blue chip stocks.

    2. What are your buy strategies?

    3. What is your exit strategy?

    4. Post some actual charts?

    Edit....

    5. Do you feel anything when you see a dramatic drop in price?

    6. Are you prepared to come out with $0.
    Last edited by Ben-e-boy; 24th April 2021 at 10:36 AM.
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  7. #44
    Legendary jay see's Avatar
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    Quote Originally Posted by Ben-e-boy View Post
    These are genuine questions...


    1. Why would you buy and hold in high volitility markets?. Buy and hold is for blue chip stocks.

    It's given me a good return and if I was to lose it all I started with a small amount.

    2. What are your buy strategies?

    Buy low and know a little about what your buying into.

    3. What is your exit strategy?

    Don't have one at the moment.

    4. Post some actual charts?

    Edit....

    5. Do you feel anything when you see a dramatic drop in price?

    Not really, but look forward to see how much it gains when it goes back up.

    6. Are you prepared to come out with $0.

    Yes. I didn't start with alot.
    Looking at my graph there should be another gain coming.

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  8. #45
    Smart like tractor Ben-e-boy's Avatar
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    Quote Originally Posted by jay see View Post
    Looking at my graph there should be another gain coming.

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    Having no exit strategy is playing with fire. How will you make money on your trade if you dont know how to sell it?


    Whats the actual coin traded? (I dont care what you bought it for or anything like that. I want to see better charts more info like liquidity etc)

    How can you tell by that chart if it is Reversal or a retrace? Do you use other indicators? All that chart tells me as I see it on this thread is that it is going down and has yet to find support.


    Don't forget, these are all genuine questions. (I ask myself these in one form or another too when it comes to my own trading. If I cant answer them. I have no business being there.)
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  9. #46
    Moderator MudRunnerTD's Avatar
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    Quote Originally Posted by Ben-e-boy View Post
    Having no exit strategy is playing with fire. How will you make money on your trade if you dont know how to sell it?


    Whats the actual coin traded? (I dont care what you bought it for or anything like that. I want to see better charts more info like liquidity etc)

    How can you tell by that chart if it is Reversal or a retrace? Do you use other indicators? All that chart tells me as I see it on this thread is that it is going down and has yet to find support.


    Don't forget, these are all genuine questions. (I ask myself these in one form or another too when it comes to my own trading. If I cant answer them. I have no business being there.)
    Hi mate,

    To be honest I have No Exit strategy at this stage and have put in a smallish buy in on the basis that if I loose it I won't really care to much but is enough that it's interesting.

    I agree sitting in the long games is probably not where I'm at. I'm 1 week in and taken a but of a hit. T looking at the chart behaviour I will try a strategy of accepting a sell out price at a price I've already seen (30% better than today) if I xan hit that cycle then sit and let it dump then go again I won't get rich but will have a little fun.

    This is by no mean an investment for me. If it was I would have checked myself at the door I reckon.

    That vid that cuppa posted is so bloody close to reality to be farcical. I'll let you know if i find the mother load though. Lol. Will be my luck I trade out when I hit a bench mark the stand back and watch it rise 500% in 2 hours while I sit out. Lol.
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  10. #47
    The master farter
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    Quote Originally Posted by Ben-e-boy View Post
    These are genuine questions...


    1. Why would you buy and hold in high volitility markets?. Buy and hold is for blue chip stocks.

    2. What are your buy strategies?

    3. What is your exit strategy?

    4. Post some actual charts?

    Edit....

    5. Do you feel anything when you see a dramatic drop in price?

    6. Are you prepared to come out with $0.
    1. Depends on the coin. Coins like BItcoin and. ethereum they move more like shares. These and the like I leave alone. It’s the Alt coins where the fun is at.
    2. Buy low. Do some research on what your buying. See what others are buying or talking about.
    3. When I get a big rise. I’ll sell or trade 50% of my earnings.
    4. Don’t have any right now. Lol.
    5. Depends on the coin. Usually not much though.
    6. Yes but I have a few coins in my wallet to stop that


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  11. #48
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    Ethically, Old Fashionly
    Will personally never touch Crypto/Dark currencies due to their known destructive capabilities.
    Invest in one’s self and or a Fair Dinkum company here Down Under Blokes
    Crypto-Global shit I do know of too close to home as a quiet local boy is now half way through his 20 year sentence for contributing to the Vic ICE trade by importing base materials through Dark/Crypto means!


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  13. #49
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    FWIW: Outsiders are currently investing heavily in Australian businesses & currency as we are leading the way as a People.
    A Nation that has pulled together so far through C-19 exceptionally well is comforting and investment is in People’s Capabilities Globally


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    Hitting Parity ($1 <>$1) is not what Australia needs again as this greatly affects farming exports dramatically:



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