Who here finally done accumulating?
Just closed my last trade to bring me to 21 BTC. literally dont care anymore. spent 8 months trading BTC to get here. fuck alts.
Now i just want a nice long bear market, to shake out all the annoying faggots who joined us and pajeets along with normies. this has to happen anyway.
used to have 40 btc
now I have 9. Fuck alts
Have fun relazing BTC isn’t gonna last
Using Bitmex?
Similar, had 45 at the peak around $3k, now have 7 btc and ~30 ETH. I bought a bunch of stuff and paid taxes tho, so whatever.
i have seen so many alts come and go. statistically, whatever you are bagholding will not exist for long.
keep your shit bags and catch knives. Alts wont take over BTC.
I dumped all my alts end of febuary, and have been trading BTc ever since, went from 5 BTC to 21 with no alts. feels good
Congrats
22 -> 2.5 BTC here. JUST
Bitmex and just tethering. But just encase you are thinking about doing the same:
margin trading BTC is a no go for now unless you know wtf you are doing. I only do 1 trade a week now. used to do 5 on average.
Too many noobs have started margin trading, whales are taking advantage and miking them dry with crazy bullshit. they dont use stops properly, cant find an entry and basically just sharks best thing ever.
If you have no experience, now is not the time to learn it with your real money. you will get fucked by them. My only trades in 13 days were a long at 5890 and a short last night at 7147. I have seen countless noobs in my trading groups who have done about 30 trades in this time and get so rekt.
I do the same. What percentage of your stack do you normally tether in and out?
Thanks for the replies.
So your saying you want a nice long bear market so I can just buy 21 btc at minimal prices after you spent a year sweating and risking your entire stack for? Yeah I'm ok with this as well.
depends where we are. if a rally like may and the one in may and july then 80%.
keep 20% on bitmex and short it or whatever.
if its just local area like this? i was tethered till 6k, then tethered most of it again last night. i will probably not untether again till we break 8k or we hit a lower low.
it probably sounds stupid, but I can continue to accumulate if i want anyway.
Its gotta happen anyway. we cant moon again with all these fags in the market still. they need to be milked till nothing is left or leave on their own. looking forward to it being the way it was in 2015 again, maybe im nostalgic
Isn't it exactly the opposite? We need more fags in the market (normie money) for prices to rise. Or do you this inevitably happens as the bear market continues and overall crypto infrastructure is established worldwide?
More or less what you said.
New money comes on its own. The market makers and old money in here can summon it when they please. For now they are cleaning up the remements and ghosts of the past run. This takes time. There are many background events that need to happen too.
In the mean time, part of that is shaking out every person who possible to extract btc. Alts are a means of doing so. Its not cheap to start a bullrun.
Bear markets have to run their course, and ppl who think it will end soon are still high on hopium. They should embrace this chance to accumulate. Anything at current value is going lower.
Mostly im just sick of my telegram groups filled withh pajeets and normies but they will be bleed dry before long.
I'm holding my fucking BTC down to 0.
>that takes time
Give me an estimate.
2020. Bottom
In january 2019. It will be clear as day after the fact what and why. You heard of Cartel? It is no meme. They may speed up the process slightly.
It may start next year but its safe to say 2020.
>been in crypto since at least 2015
>only now in late 2018 he finally has 21 btc
I only purchased 200 bucks worth and essentially only checking markets like once a month. Actually it gets worse. I was mining in 2013... but i was 18 and stupid and just got bored of it and either got rid of computer or sold btc mined for runescape gold.
But the experience and knowledge of the market is valuable enough for me, i am happy with my btc holdings today and thats all tht matters
thoughts on bch?
enjoy paying that 300k in taxes on Christmas
Not really sold on it. But when we bottom i will buy some cheap BCH as a hedge. Probably 1btc worth at the time or maybe buy enough with fiat to mirror my btc holding.
I've been watching acquaintances get loaded off margin trading crypto. Where do you suggest I start learning? I have about $1k to play around with.
Well unlike Americans who are cucked out of control, i dont have to oay tax on any crypto trades. Just net 10% of gain since initial fiat.
Most arent making much ut if u understand btc markets and know hiw to trade its a great in general. Tht means knowing when. It to trade too.
Use bitmex testnet for a bit. Trade with long term mindset or mid term not intra-daily. Learn some basic TA like fibon and some MAs. But like i said u need to understand how whales and cartel operate or u still get rekt
>how whales and cartel operate or u still get rekt
how the fuck do i learn that? j
Research. They are consistent luckily. Things like FUD, fomo inducing news, practices like the bitmex fiasco last night(i shorted literally the top as i was prepared due to know their games) and knowing how you should react vs how they want you all to react.
Their goal is simply accumulating from us. But it will take time to understand shit. TA is enough if u just use risk management anyways.
>TA is enough if u just use risk management anyways.
yeah. Now that i have a little understanding of this shit my lose to win is way fucking better. The hard part was finding good source materail