Bitcoin $7,500 I'm selling while everyone is buying.. Am I nuts??
Sunday afternoon and the BTC/USDT chart is parabolic.
Everyone wants there free Segwit2x coins, so there is tons of buying and very little sellers. This type of action often leads new traders to making mistakes. There can be many different ideas that run through your head when you see something keep on climbing, day in and day out with no end in sight. You might decide to buy in on the action, or you might start to your previous sells.
I wanted to make a video to help describe why I trade. What is the benefit to trading vs just HODLing. Honestly I never try to predict the future, but I simply react to the chart I am looking at. I trade what is on the chart and that's it, I keep it simple.
As always, thanks for watching and I know that everyone has their own story to tell about how they would trade these events. I am happy to share how I trade with everyone, and my thoughts as a full-time trader. But you are all entitled to your opinion on this subject and my way is not the only way to trade or make money. Please feel free to share your thoughts here or in our slack community.
Luc
I completely agree. I never understood why people are willing to trade altcoin pairs to increase their BTC holdings but they aren't willing to trade BTC against itself when it is so overextended like this. If you had 1 BTC right now and sold it for 7500 and it drops back to 6k you could buy back 1.25 BTC for the same price. You are still growing your Bitcoin holdings and you are protecting yourself from potential huge pullbacks by going back into a much more stable currency like USDT or normal fiat.
Also can we join the Slack group you are speaking about in your videos? Is it open to the public or is it one of those paid private ones?
https://docs.google.com/forms/d/173aHXPctaKMi6mRaAcvui0c-5ejiehgM9i4mByUU-1g/edit
Slack invite is 11 posts back ;-)
Actually 7500$ is great take profit pricing, it'll drop sharply below 5000$. Good call mate.
I wrote this article which is targeted to people who feel it is too late to get in and participate in the exploding crypto/blockchain sector. https://steemit.com/cryptocurrency/@motowngold/bitoin-crosses-7000-dollars-what-can-you-do-about-it-some-investing-ideas-including-crypto-related-stocks
im still waiting for a 5k test. now near 12k , at what point will i give up and give in? last time it ran 68% before falling and testing 3k. The time before was 100%. This time its ran 128% !!!!!!!
Is there any exchange where it did test the last high? On Plonex it did go down to $5,151 does that count as a test of its last high of $4,950? In the short term it seem the answer is yes.
Hey man. Newbie here. I see that gap at 5000. What timeframe are you using to identify the gap?
seems you were NUTS!!! hahahah
not when it dipped back down to 5k at the time. He made off like a bandit
Thank you for the videos!
Awesome. Please keep the vids coming!
Great Luc, in what currency would you put the money when the price of BTC falls?
Hey @quickfingersluc
It's been a while since a last came across your videos and steemit post. Great video man, I'm downloading and sharing with a friend who's been on my neck acquiring more bitcoin
"Bitcoin decides to fall" perfect sentence...you know I'm refraining myself to buy BTC since it was 4000$ and I'm not sure is going to fall so deep now 😂, I'm just getting profits buy selling BTC but I have the feeling that BTC never stops rising and it is like missing the good chance to earn more...the market is crazy!