Surprise Move In Bitcoin? Or Was It Written In The Charts?
March 25 – I woke up this morning surprised by the decline in bitcoin prices, even though it is (in hindsight) a clear technical pattern in the charts. Very grateful for the tippers who made…
Thanks for the note! You are the second person to comment that my volume
is too low… sometimes I make videos early in the morning and everything
is still quiet… I’ll bump it up next time.
I woke up this morning surprised by the decline in bitcoin prices, even
though it is (in hindsight) a clear technical pattern in the charts.
Very grateful for the tippers who made this channel possible. Even though I
am micro-trading – that is way different than just technical analysis.
Thanks again. I am grateful!
Yeah, pretty crazy stuff lately. The market seems to support roughly
whatever the current price is. There seems to be enough of a market for the
bitcoins that are generated and spent. But the big whales and groups of
whales are the ones who are causing these wild swings. They have news
groups where they formulate their strategy and they shake the market like a
rag in a dog’s teeth. It’s kind of hard to predict these moves since they
don’t necessarily follow market forces. What they want is for people to get
excited when they push the price up, and buy more bitcoins at an inflated
rate, then they crash the market to cause fear and sweep up the coins that
novice traders and investors let go of when it’s down. But me? I’m playing
a different game. I buy my bitcoins, dump them into my encrypted paper
wallets and go on with my life. Only some of my surplus income each month
goes into it but no large lump sums. It became clear to me back in 2014
that I’m going to have plenty of time to accumulate a nice position over
the next year or so since there aren’t going to be anymore 2013 run-ups for
many months or possibly a couple years.
And next month I’m selling my paid off rental condo (since I think we’re at
or near the top of the real estate market and are about to hit another 2008
crash soon). I’ll probably get about 70 or 80 thousand for it. Am I buying
bitcoins with it? Nope! Just dumping the money into the mortgage on my
house which will drop my payoff date to roughly 8 years from now. Volatile
assets like bitcoin aren’t something you throw big lump sums into. Only
surplus monthly income should be risked on this sort of thing.
Bitcoin Price Review says
Thanks for the note! You are the second person to comment that my volume
is too low… sometimes I make videos early in the morning and everything
is still quiet… I’ll bump it up next time.
Bitcoin Price Review says
I woke up this morning surprised by the decline in bitcoin prices, even
though it is (in hindsight) a clear technical pattern in the charts.
Very grateful for the tippers who made this channel possible. Even though I
am micro-trading – that is way different than just technical analysis.
Thanks again. I am grateful!
Now… lemme see when I’ll go long again…
#march #bitcoin #trading
Vention1MGTOW says
Yeah, pretty crazy stuff lately. The market seems to support roughly
whatever the current price is. There seems to be enough of a market for the
bitcoins that are generated and spent. But the big whales and groups of
whales are the ones who are causing these wild swings. They have news
groups where they formulate their strategy and they shake the market like a
rag in a dog’s teeth. It’s kind of hard to predict these moves since they
don’t necessarily follow market forces. What they want is for people to get
excited when they push the price up, and buy more bitcoins at an inflated
rate, then they crash the market to cause fear and sweep up the coins that
novice traders and investors let go of when it’s down. But me? I’m playing
a different game. I buy my bitcoins, dump them into my encrypted paper
wallets and go on with my life. Only some of my surplus income each month
goes into it but no large lump sums. It became clear to me back in 2014
that I’m going to have plenty of time to accumulate a nice position over
the next year or so since there aren’t going to be anymore 2013 run-ups for
many months or possibly a couple years.
And next month I’m selling my paid off rental condo (since I think we’re at
or near the top of the real estate market and are about to hit another 2008
crash soon). I’ll probably get about 70 or 80 thousand for it. Am I buying
bitcoins with it? Nope! Just dumping the money into the mortgage on my
house which will drop my payoff date to roughly 8 years from now. Volatile
assets like bitcoin aren’t something you throw big lump sums into. Only
surplus monthly income should be risked on this sort of thing.
vcvitiko says
Bro I liked the video but please speak a little louder my ears were agaisnt
the speakers of my phone trying to hear u