Agreed!! He told me thanks for buying his bag when btc was around $10K-$11K (I just got into DeFi, that was about the price level). as if we're the suckers??? Did he even check the price before posting that, yea, he keeps flexing his skillz at something, whatever it is, I just have no clue
I guess some are happy with making small profits. He sure sounded like he was proud of that statement. Yeah, ok buddy whatever you say, lol
Those who bought it at 5000 should be very happy. Those who bought it at 20000 are the people who missed the boats and they are hoping the price would go 100 000, 1 000 000 .... Trading BTC is like trading other things. You have to enter early.
different people have different opinions. To me, it is too late to long it now (unless there is day trading opportunity). To some others, it is not too late to long it as they think the price might go to 100 000, 250 000, 1 000 000 or beyond.
Sure, I'm not trying to be clever with you. But a market that goes through all time highs into clear space is a market that has the real potential to run and run. Not saying this will happen with Bitcoin, but from a probability POV, once a new high (or low) is cleared, a high priced market can and often does go a lot higher. If you study Livermore's trading, the above is where he made most of his money. So we know if he was still alive, he'd be watching Bitcoin at these levels like a hawk.
As mentioned, different people have different opinions, thinkings & different ways of trading. I read lots of books since 1980s (including Livermore books) but I don't follow most of what the books say. Honestly speaking, I don't like Livermore's books (he committed suicide). I develop my own trading strategy.
You don't even understand that he can never be on the other side of the trade. You need to find an idiot to be on the other side of the trade. @ET180 does not believe in crypto's so will surely never buy or sell them.
Sure, but most solid trading strategies don't re-invent the wheel. Most are based on the same sort of principles which means chances are your trading strategy, assuming it's solid that is, has elements of what all the other good traders are utilising. This is why many traders who put on good positions tend to put them on around the same sort of areas even though their game-plans are often very different. It really is quite remarkable how this happens time and time again.