Cryptocurrency

[scooterscot]

I'm up 7x since starting this thread on me BTC purchases - laugh away.

 

[psychocandy]

Got to be fair scooter you'd make a good entertainments officer in a leper colony..... You seem to be able to make anything look positive lol.

 

[DealorNoDeal]

I'm up 7x since starting this thread on me BTC purchases - laugh away.

Just be careful you don't hand too much of it back. (Making a fortune and then losing it is very common in the trading game.)

Out of curiosity, is there anything which would dent your faith in BTC/crypto?

Do you have a date (month/year), in your mind, by which BTC must prove itself by breaking above the Dec 2017 ATH of $20k?

 

[scooterscot]

Just be careful you don't hand too much of it back. (Making a fortune and then losing it is very common in the trading game.)

I've taken a course. No, not medicine. A trading course. I'm an investor yes, but more interested in trading (several trades a year) but not more than once a month. Course was super useful, mostly about controlling emotions. If one bit of advice rings true "investment is a marathon, not a race". Now I've a strategy, a plan and it has been paying. Since the course I've actually not taken another contract for 6 months now - living the dream - posting drivel on cUK.

Year to date my returns - not bad eh?

149%
147%
143%
131%
138%
175%
207%

Out of curiosity, is there anything which would dent your faith in BTC/crypto?
?

Quantum computers.

Do you have a date (month/year), in your mind, by which BTC must prove itself by breaking above the Dec 2017 ATH of $20k?

Before the end of the year. BTC never went to $20k, but the media liked that number. $19.5k was the highest it got in one day. The real all time high that matters is $14k as shown in the monthly chart below.

After we hit $10.5k on the way back up... it'll rally to $14k (ATH) super quick.

The chart below also depicts a rising symmetrical triangle that has support since 2013. You can see we're months away from the focal point. Expect fireworks then.

 

[scooterscot]

And I'll tell you another... we might get to $30k by September this year. 2020 has been playing out exactly as 2015 so far following the bear market + golden cross.


First chart is 2015

bottom is 2020

 

[ChimpMaster]

And I'll tell you another... we might get to $30k by September this year. 2020 has been playing out exactly as 2020 so far following the bear market + golden cross.

It is amazing when that happens.

 

[scooterscot]

2015

 

[DealorNoDeal]

I'm an investor yes, but more interested in trading (several trades a year) but not more than once a month.

I can see why BTC would make a good trading vehicle. It moves (a lot), and you need movement to make money.

But as an investment?

No-one in their right mind would put a big chunk of their hard earned into something which could lose 50% in a single day.

 

[scooterscot]

I can see why BTC would make a good trading vehicle. It moves (a lot), and you need movement to make money.

But as an investment?

No-one in their right mind would put a big chunk of their hard earned into something which could lose 50% in a single day.

I guess I'm not in my right mind. Why would anyone care about 50% swings when you invested years ago?

 

[Paralytic]

I guess I'm not in my right mind. Why would anyone care about 50% swings when you invested years ago?

But you keep telling people to invest NOW.