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When there's blood in the streets, who's buying Bitcoin?
- Thread starter mistaphi
- Start date
Blood? 
If you leverage 10x and can’t afford a margin call maybe, but in this case you have a gambling problem.
If you leverage 10x and can’t afford a margin call maybe, but in this case you have a gambling problem.
Blood?
If you leverage 10x and can’t afford a margin call maybe, but in this case you have a gambling problem.
Blood in the streets = a stream of red candlesticks lol
If you leverage Bitcoin and can't afford to all positions, it's a gamble.
If nobody sells, nobody can buy. Keep selling please.
After a weekend of research and consideration, I sold most of my BTC yesterday. Not because of blood in streets (BTC seems to fall on bad geopolitical news, unlike gold). Rather because BTC seems correlated with US stock market for now, and my hunch is that the US stock market will decline in coming months. (There were also some minor non-investment considerations.) My focus for 2025 is to not lose money. I will not go broke taking profits. Also I plan to get rid of all leverage in 2025. Eventually, I plan to rebuy BTC (famous last words). Of course, I certainly could be very, very wrong. Also, regardless of investment factors, it makes sense to keep at least some BTC as a tool.
Johnny, I respect your wisdom enormously, and appreciate your replies to my recent posts. There's a lot I don't know. We shall see. Happy holidays.
It’s not wisdom, it’s math:
Post in thread 'WTF is now wrong, all cryptos down?'
https://www.offshorecorptalk.com/threads/wtf-is-now-wrong-all-cryptos-down.46564/post-330407
it seems you didn’t understand anything.
Meanwhile, here is who bought at $101,710:
Hut 8’s Strategic Bitcoin Reserve Surpasses $1 Billion in Market Value with Purchase of $100 Million of Bitcoin
Do you think you know better than a company holding $1b in btc?How easy is it to sell your gold for fiat? Where I am, it's much easier to sell Bitcoin for cash.
But I've gotta ask you this... If the candlesticks over the past 6 days were green, would you really have sold your Bitcoin? I think it would a fair assessment to say that wouldn't have.
Nevertheless we all have to make our own decisions. But I'm learning more and more that most people that invest in Bitcoin have no clue of it's real value and potential. AND you guys are allowing the conglomerates to stack it all up. If we allow this to continue, Bitcoin will be controlled by a small handful of entities, just like fiat is today.
Here's a snapshot of one of my accounts... While you were selling off, I was buying the dip. See how beautiful that is? I think you exited too early my friend, but you have a right to do whatever you like with your investments. I'd just encourage you to take more time to learn about Bitcoin. If you invest with a long-term strategy in mind, neither red or green candlesticks will bother you.
Definitely will. Regarding my experience: I sold a bunch of altcoin (not BTC) within two weeks of the top in September 2021 while a friend rode the same coin into the dirt in following years. So I've been through the ups and downs. Yes, BTC is different from the altcoins. Again, I appreciate both of your comments and will continue to learn. Happy holidays.
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