IgazI wrote:aliassmith wrote:Don_xyZ wrote:I'm checking my chart and apparently Bitcoin and the gang fell so hard. That's a lot of wealth wiped out. I pity those who came in late especially the old ones.
I daytraded bitcoin but never would I buy and hold. Last time I used it it wasn't practical for making purchases.
I was very close to picking the tops of Doge and Shiba. I advised people to take their money and run but apparently it is going to make them a millionaire. Most of them lost money and some made a few dollars.
Those alt coins, crypto, non fungable tokens, virtual money, all seem like fake schemes to con people out of money.
I'll stick to fiat, futures, and equities markes. At least they are the devil I know.
I sold my BTC the day before they sank the ship:
the first box of the new day that is the same color as the highest box:
I agree that buying and holding dips is a bad strategy. . .
sometimes you just want it all to run on autopilot, but it seems that there is no reward without getting your hands dirty.
BTCUSD H3:
daily_Ranges.png
By selling at that level, did you make a profit?
When I did my own calculations based on available coins and amount of money in these "assets" more like schemes they seem like high probability that they were overbought. It is difficult to compensate for mania though. In an environment where anyone that owns a crypto thinks its going to the moon because someone said so adds a wildcard variable.
You can see the point in these charts when the pyramid scheme runs dry. The guys at the top got their money and then they ran out of suckers right when it seems like it gained momentum. Was there opportunity to make a lot of money? You bet there was, but you had to be real lucky or know a little bit of something.
