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Daddy

Bitcoin/Cryptocurrency

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rep1
On 2/4/2018 at 2:26 PM, A_Simple_Man said:

Looks like you are losing your "Bitcoin Guru" status.

I too expected that. But what's the reason of dropping since last month?

I didn't see any bad news. In fact there were several good ones: the crypto ban in Korea was immediately cancelled under tremendous pressure, and more adoptions from paypal and others?

 

It cannot be all the big investors read Daddy's warning on LINC and panicked!

Edited by rep1
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Contango
On 09/02/2018 at 2:10 AM, rep1 said:

I too expected that. But what's the reason of dropping since last month?

I didn't see any bad news. In fact there were several good ones: the crypto ban in Korea was immediately cancelled under tremendous pressure, and more adoptions from paypal and others?

Bob Farrell's 10 market rules.

Rule #1 - Markets tend to return to the mean average over time.

Rule #4 - Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways.

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Goetz1965

My shitcoins now start to rise again slowly. But as I said it will take until April/May - only then its "sell in may and go away" time - seems it will last until october/november again before the next bigger rise will occur.

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Headshot

This market, like so many in the past, is based on nothing but greed and fear. Those who invest should periodically do a reality check, rather than just riding the market wherever it goes. This video is about the great crash of 1929, but it may be just as valid in this market. Watch it. Nobody saw the crash coming. All they saw was the creation of wealth based on unlimited optimism ... very similar to what I am hearing today about crypto-currencies.

 

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Cgu
18 minutes ago, Headshot said:

Nobody saw the crash coming.

Well not nobody... some traders made good money...and if know your history a lone trader made over 100 millions.

Crashes like that happens and more likely than not is because of liquidity squeezes (like 1907 - of course Mr. Morgan saved the day, still). Of course exaggerated prices as well, but this will most likely go into a correction - no market can accelerate forever. You can make good money in any markets, up or down - just need to see where it is going. You will always have losses, accept it and move on, but you can only gain if you are in the market. For me it was always good and I most say looking back that it it paid out (maybe 70% the odds were with me - but I do not gamble - you might called it speculating, since nobody can predict the market 100% - but say 70% is realistic). Entering cryptos at this stage would be a gamble for me - as I have no way to predict it - the crypto market is just not transparent enough.

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Headshot
3 minutes ago, Cgu said:

you can only gain if you are in the market

That was exactly the greed mentality that drove the stock market in 1929.

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Cgu
1 hour ago, Headshot said:

That was exactly the greed mentality that drove the stock market in 1929.

Well, maybe...but remember the crash formed over nearly a year and the drop from high to low took more than 6 month. Like in any crash the strongest signal sets in...yield curves (and if you analyse any crash nearly all signals tell you that something is wrong with the market . People had plenty of time to get out, but most "amateur" lost their money (I suppose the same happens in crypto).  Same in 2007...

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Contango

BTC looks to be rolling over for another run down..

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