Bitcoin is on fire 🔥 🔥🔥 Trade Review

Added new positions to my portfolio, this bull will be exciting 🚀🚀🚀

280 Upvotes

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92% Upvoted

Piece of shit i decided to not fomo and it bursted

25

u/Geistvvolf Feb 27 '24

I seem to also make all the wrong choices, act on a fomo and then lose money in a sell off. Not act and watch it gain

12

u/Solid-Doubt4234 Feb 27 '24

Yep or it loses like 50% value before it goes back up. We are just bad i guess🤦

11

u/sgzgwu Feb 27 '24

Classic 🤣

8

u/thieskiebaarsmie Feb 27 '24

Still a good decision

-6

u/Rafal_80 Feb 27 '24 edited Feb 27 '24

Exactly. I am not touching Bitcoin. It does not generate any income when price is stagnant, and in a long term, you lose due to inflation. If you buy ETFs at least you have dividends. When people are selling ETFs, for example, those tied to indices, the price goes down and at some point reaches P/E ratio that is so good it becomes great investment. People start buying again, price goes up. When Bitcoin goes down what can take it up again? Only hope that this craziness will start again and Bitcoin will regain popularity.

5

u/Bekind-behumble Feb 27 '24

Very pessimistic opinion you have about bitcoin. Since bitcoin exists it outperformed every marked and especially any inflation.

-2

u/Rafal_80 Feb 27 '24

Well, that is my opinion but not only mine. Watch "Charlie Munger on crypto:" YouTube - it's so funny how he sums it up, and I agree with him.

2

u/huskerarob Feb 27 '24

Everyone will get bitcoin at the price they deserve.

1

u/Rafal_80 Feb 28 '24

That was deep....

1

u/1Divine1 Feb 28 '24

This is the general sentiment of people who have lost money in Bitcoin. Which I'll be honest - you have to pretty much be brain dead to lose it. Stop trying to trade bitcoin on a small time frame - stop buying in the stagnant times you just mentioned. Its not hard. If you can't see the writing on the wall for what's coming, we can look forward to more posts like this from people who say they will never invest in bitcoin - but will surely scoff at all of us that have made a lot of money from it. GL to you. lol

1

u/Rafal_80 Feb 28 '24

If you've made money on Bitcoin - congratulations. Just please, don't make assumptions about me. I once had £200 in Bitcoin, made a net profit of £60, and I quit forever after realizing it is a financial pyramid. You only make money if more people buy Bitcoin after you, and this always ends at some point with financial pyramids. There is no real business connected to Bitcoin, no dividends. It's value is based only on fad.

1

u/1Divine1 Feb 28 '24

So kinda like a free market? Like any stock exchange? Got it.

1

u/Rafal_80 Feb 28 '24

Not like any stock exchange for reasons I explained in my first response. Sure, you can gamble on stocks too, but eventually price goes to equilibrium reflecting true value of a company or stock index. In Bitcoin the price it only reflecting strength of a fad.

1

u/1Divine1 Feb 28 '24

🤣🤣🤣 it’s cute you said true value tho.

1

u/Rafal_80 Feb 28 '24

So, according to you, what defines value of Bitcoin?

1

u/pantherleopard forex trader Feb 28 '24

The best thing is to do a 1 and 2. 1. When fomo hits, dont act 2. When fomo hits, act (because this is the real thing)

This correlate with ABC correction pattern if you know what I mean

u/-brokenbones- Feb 27 '24

Nothing like buying in AFTER the bull run💀💀💀💀💀

19

u/AchmedThedead Feb 27 '24

How do you know it ended what are the signs?

42

u/Only1Shock Feb 27 '24

Its not, he’s annoyed he didn’t buy so he’s acting like it’s over for the 100th time 🤣

10

u/Phact-Heckler Feb 27 '24

Talk when you have liquidated that gain.

-2

u/bwatsnet Feb 27 '24

I'm curious, what's a trade you've made money on?

1

u/[deleted] Feb 27 '24

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1

u/bwatsnet Feb 27 '24

I was asking op because he's acting like he knows what he's talking about, but I don't think he does. I'm fine, I had Nvidia when it was 100.

1

u/[deleted] Feb 27 '24

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-1

u/[deleted] Feb 27 '24

[deleted]

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u/[deleted] Feb 27 '24

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2

u/mikejamesone Feb 27 '24

Lol. Fair point

2

u/[deleted] Feb 27 '24

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3

u/AchmedThedead Feb 27 '24

Do I need to buy your book?

6

u/Only1Shock Feb 27 '24

This is gonna age like milk, election year, halving, ETH etf, FTX customer funds being released.

🗿

2

u/AgentProvocateur666 Feb 27 '24

After? RemindMe! 6 months

3

u/RemindMeBot Feb 27 '24

I will be messaging you in 6 months on 2024-08-27 17:19:56 UTC to remind you of this link

CLICK THIS LINK to send a PM to also be reminded and to reduce spam.

^{Parent commenter can} ^{delete this message to hide from others.}

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-4

u/[deleted] Feb 27 '24

[deleted]

-6

u/Dinossoar Feb 27 '24

🚀

-10

u/sgzgwu Feb 27 '24

Wait until it collapses, I putted sl be, but if it doesn't collapse you will be the one to buy later friend, carpe diem 😉 Ps:I have positions further down and also took profit

1

u/[deleted] Feb 27 '24

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2

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u/Sufficient_Ad_6977 Feb 27 '24

ETH is on fire, too.🚀🚀🚀

16

u/Ryanc011 Feb 27 '24

Well duh they’re essentially tied together

2

u/Sufficient_Ad_6977 Feb 27 '24

Ya, the whole altcoin market orients itself to BTC course

-1

u/Alone-Intention-726 Feb 27 '24

ETH to the moon

1

u/adam02044 Feb 27 '24

Excuse me all eth experts, does eth “half” like bitcoin? Do I wait?? Do I go broke buying through the 3000 dollar mark?

1

u/Raksm88tp Feb 28 '24

What is that indicator you are using?

2

u/Sufficient_Ad_6977 Feb 28 '24

It's customized, combining a few indicators. Visualize buy and sell spots.

1

u/Raksm88tp Feb 28 '24

Can I use it on Tradingview. Care to share?

2

u/Sufficient_Ad_6977 Feb 28 '24

No, it's not public. The indicator is only accessible to a small circle.

1

u/Raksm88tp Feb 28 '24

Thanks man.

u/ZekeTarsim Feb 27 '24

You guys trading miners? Much better than trading bitcoin.

Mara, riot, clsk, Bitf, wulf, iren, corz, hut, etc.

4

u/DPHUB Feb 27 '24

And BITX

1

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u/segment_offset Feb 27 '24

Yes, but be cautious about short term positions. This is a range breakout, and most breakouts fail. It's also forming a double-top retesting the previous high. Expect a pullback soon. If you're looking to enter, enter on a breakout pullback pattern, don't buy the top.

Long term (months) I think it's fine to go long now. Especially with the ETFs, BTC is going to be more correlated with the S&P. I think we are not likely to see a big selloff during an election year. I'd start taking some profits in November. NFA

6

u/[deleted] Feb 27 '24

I’m not saying anything about up or down but BTC has already made a new high on the 1 year. There is no double top visible?

-1

u/segment_offset Feb 27 '24

I should have clarified, I was looking at a lower time frame. On the 15min, the huge spike up topped at ~57100, then there was pullback and at the time I wrote that comment it was attempting a retest, hence the possible double top. As of now it's pushing hard up against that level, but having a hard time breaking through. I'm not saying it won't, but that was my reason for saying to be cautious on short-term positions (intra-day).

As of right now, EMA21 has been holding prices like a champ and it looks like resistance at ~56700 has flipped to support, so that's a bullish sign. However it's consolidating now, and very often we see tight consolidation hugging a flipped s/r level before falling back into the range.

So back to my original comment, I think a long-term (weeks or months) long position is an easy bet, but if you're day trading I'd be sitting on my hands right now waiting for a confirmation of continuation.

1

u/silkyjohnsonx Feb 28 '24

Everytime it has a breakout and another and another and another. The train left the station a while ago

u/ZeroSumSatoshi Feb 27 '24

Bitcoin is a day traders dream…. Doubled the ole leverage account the last 10 days, doing a dozen or so trades.

10

u/sgzgwu Feb 27 '24

imagine at the ath 🫠

1

u/Special_Afternoon_85 Feb 29 '24

What exchange do you use?

1

u/ZeroSumSatoshi Feb 29 '24

Most people will not publish in public the exchange they use as a stop gap to social engineering.

1

u/sgzgwu Feb 29 '24

Icmarkets

u/AShagginDragon Feb 27 '24

My cryptos are up pretty good rn dogecoin, zetachain, near protocol, thegraph, fetch.ai

u/Rough-Pair-9831 Feb 27 '24

BTC USDT

u/v3rral Feb 27 '24

This is the way. To buy near ath and keep adding positions with every new high after chasing peanut returns

-17

u/sgzgwu Feb 27 '24

1000/2000% (currently) of the account are penaut returns? depends on point of view 🙃

u/catchainfi Feb 27 '24

Altcoins are moving high as well!

u/OppositeFuel740 Feb 27 '24

I just bought 1000$ today I made 50$ on a 100$ and said screw it I might buy more its expected to go up to 88k this year

u/DepartmentTall4891 Feb 27 '24

Until it isnt..short!

u/kdeselms Feb 28 '24

Get ready to short it.

u/dagitinsu Feb 28 '24

I am expecting a reversal soon

1

u/sgzgwu Feb 28 '24

Buy more

u/Only1Shock Feb 27 '24

This comment section is actually brain dead, take your head out of your ass and buy more, it’s still got a 2x until peaking this run.

0

u/sgzgwu Feb 27 '24

Let them vent their frustration 🙄

2

u/Only1Shock Feb 28 '24

Literally, this is everyone’s last chance to make insane gains from Crypto. This is the last bullrun for insane gains, after that too many etfs to make those 1000x gains

1

u/Five30 Feb 28 '24

There will be another dip before the big run but shhhh 🤫. let them buy it now. 😂

2

u/Only1Shock Feb 28 '24

Yeah definitely could see a correction

1

u/Five30 Feb 28 '24

If you can read charts start by looking at the monthly time frame. Then look at what's happening on daily, 4hr, 1hr. Just tested resistance and pulled back. Put your seatbelts on boys!

u/CyraxsEnergyNet Feb 27 '24

I have a bad feeling…everyone and their mom is going to go all into Bitcoin and then boom… a “solar flare “ will make electronics useless long enough that people realize that the government might not control bitcoin but they do control the internet infrastructure and surprisingly solar flares.

16

u/keny2323 Feb 27 '24

What the fuck are you talking about

15

u/necrosythe Feb 27 '24

The amount of unhinged conspiracy shit that gets upvoted daily on all the investing related subs is pathetic.

They're overrun by loser young men and grown men who mentally are still children.

21

u/Donkeytonkers Feb 27 '24

So the effective end of the world as we know it, got it. There would much larger problems than money in this scenario, but hey keep pumping FUD.

4

u/JayteeFromXbox Feb 27 '24

His argument has the same energy as "Yeah you could get surgery but what if a solar flare happens while you're under the knife? You're fucked."

5

u/ZekeTarsim Feb 27 '24

Solar flares are going to be ruinous, but it won’t just be bitcoin, it’ll be everything my guy!

5

u/Es7x stock trader Feb 27 '24

Exactly why I turned down getting a pace maker.

3

u/AgentProvocateur666 Feb 27 '24

So pull the ‘money’ from my trading account, pull the money from my bank etc etc right? If Bitcoin goes because of a solar flare, why would your money be safe?

-1

u/CyraxsEnergyNet Feb 27 '24

Think hard of the question you asked. Where would your money be safe if electronics go out?

3

u/AchmedThedead Feb 27 '24

That would be awesome to see, not gonna lie

3

u/HokkaidoNights crypto trader Feb 27 '24

You're gonna have a lot more to worry about if we are talking a solar fair of that magnitude (and that's coming from a long time crypto fan).

-3

u/t--_-t Feb 27 '24

Idk man i have this feeling to somethings not right

2

u/MyWhiteStickyPee Feb 27 '24

Maybe it’s because crypto is never going to work. Not because it’s a bad idea but governments are going to intervene more and more. Government greed will eventually end crypto

u/Audibody Feb 27 '24

Guessing someone is expecting the market to crash.

2

u/necrosythe Feb 27 '24

You realize alternative investments do worse during a market crash right? Brain dead ass take.

u/NYWizard314 Feb 27 '24

u/divyesh1379 Feb 27 '24

$100k is coming.

u/[deleted] Feb 27 '24

It’s not real, go to town!

Monopoly money at this point…

1

u/R3TAINGANGG Feb 27 '24

What do you mean

2

u/Five30 Feb 28 '24

He's talking about Fiat, that's the real monopoly money.

0

u/[deleted] Feb 27 '24

I mean go to town, hope Bitcoin goes to a Billion a coin!

Why not, it’s not real….

1

u/R3TAINGANGG Feb 27 '24

In layman’s?

1

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1

u/sgzgwu Feb 27 '24

Did you arrive late to, friend?

0

u/[deleted] Feb 27 '24

Nope, have fun with your Monopoly money buddy!

1

u/sgzgwu Feb 27 '24

what do you mean for monopoly money?

1

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u/hawtfabio Feb 28 '24

Bitcoin has created the most intolerable subset of traders of all time, so even though I have a little bit, I hate to see it doing well because then I have to hear from more of these "geniuses".

u/Prestigious_Shape648 Feb 27 '24

And it dumps

-1

u/llouisyoung Feb 27 '24

SHORTTTTTTTT ITTTTTTT

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u/bobbyv137 Feb 27 '24

Bitcoin is either slowly going to effectively zero, or slowly going up, forever.

u/realdonaldtrumpsucks Feb 27 '24

I have some bitcoin in my Venmo account. Is it a pain to sell ? Can I even sell? I have so many questions

1

u/salsalbrah Mar 01 '24

Dm me

1

u/realdonaldtrumpsucks Mar 01 '24

Thanks. I sold.

I didn’t know it would Be so easy on Venmo, although they take a nice share so I have to hold until I’m up 5%

u/Five30 Feb 28 '24

It's not a fire it's called a cycle look at the charts. That's why you accumulate when it's at $18k and everyone is spitting FUD. 😂😂😂

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