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Where are the bitcoin lovers now?

Ohso-Phresh

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We're at 5.3k now dude. I will admit, I've been buying some on the way down though.
Good for you!

Last buy for me was 4.8 and have more to queue up.

We have not peaked Corona hysteria yet.

They can announce a vaccine at any time so the more reliable play is DCA, to not miss the rocket north.
 

RickTheToad

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Good for you!

Last buy for me was 4.8 and have more to queue up.

We have not peaked Corona hysteria yet.

They can announce a vaccine at any time so the more reliable play is DCA, to not miss the rocket north.
Yes, I am backing up the truck on various stocks and bitcoin. I think we'll see another waive next week if they do not like what the FED does with the interest rates.
 

Bible_Belt

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They can announce a vaccine at any time so the more reliable play is DCA, to not miss the rocket north.
Dollar cost averaging is a sales pitch from brokers who sold you a stock that went down. I used to be a broker, and we would hang up the phone and laugh at the fools who would believe that line and buy more of the high commission dog sh!t stock we were peddling.

Ps - a vaccine is not coming any time soon
 

Bible_Belt

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Yes, I am backing up the truck on various stocks and bitcoin. I think we'll see another waive next week if they do not like what the FED does with the interest rates.
You have no idea how much your life is about to change being a medical professional right now. Talk to anyone in Italy, I implore you. They are working until they drop and living at the hospital. You have bigger things to worry about than your very unwise investment strategy.
 

Ohso-Phresh

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Dollar cost averaging is a sales pitch from brokers who sold you a stock that went down. I used to be a broker, and we would hang up the phone and laugh at the fools who would believe that line and buy more of the high commission dog sh!t stock we were peddling.

Ps - a vaccine is not coming any time soon

Lol, I believe you.

I don’t trade BTC, just accumulate.

Since you used to be a broker, sounds like your trading skills aren’t all that.

Unless you went into algo and hft, you might be a dinosaur.

I have yet to discover a profession that has better money making velocity as hold/reverse trading on fast timescales.
 

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Bible_Belt

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Since you used to be a broker, sounds like your trading skills aren’t all that.
I was out of that particular boiler room as soon as they completed my licensing.

I'm sure you are creating some nice tax deductions for yourself. Have fun with that.
 

RickTheToad

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You have no idea how much your life is about to change being a medical professional right now. Talk to anyone in Italy, I implore you. They are working until they drop and living at the hospital. You have bigger things to worry about than your very unwise investment strategy.
It's all good. This too will pass. You need to have some faith in the medical and scientific professionals.
 

switch7

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Bitcoin went from 8k to 6k today. That must be another one of those "healthy retraces" as you say.
yep - not acting like a safe haven. No correlation to any institutional money.
Right here, stacking sats like no tomorrow.

DCA getting lower and lower, loving this market!

btw, we are in a reversal not a retrace of the intermediate fractal.

can you draw on a chart what u mean by reversal of intermediate fractal
 

synergy1

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Dollar cost averaging is a sales pitch from brokers who sold you a stock that went down. I used to be a broker, and we would hang up the phone and laugh at the fools who would believe that line and buy more of the high commission dog sh!t stock we were peddling.

Ps - a vaccine is not coming any time soon
Ha yes. In my system if the trade isnt working out, I am out. No questions asked. There is a good reason retail underperforms even basic indecies!
 

jaygreenb

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Lmao.
.


This post will not age well....zoom out on bitcoins chart man...6k was a healthy retrace at the time of your op.
I think this is only right we use this as the on going bitcoin thread haha How are you positioned in your portfolio? I am a majority BTC but moved a lot into Eth recently, which has so far been good. Still have a ton of alt bags from 2017, probably around 80%btc though
 

LazyYoda

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I remember a few months ago there were several posters who were talking up bitcoin like there was no tomorrow.

Now that Bitcoin has dropped to 6K and is nearing the point of no return where it costs more to mine the coins than the coins are actually worth(somewhere around 5K), they seem oddly quiet...

When something seems too good to be true it usually is. The technology itself has a lot of promise but it appears bitcoin might be extinct in the near future...
Didn`t work with bitcoin and happy for that. I am sailor so safety for me is the first thing in life. So the risk that bitcoin can just fly away in one second is too scaring for me.
 

Who Dares Win

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Bitcoin has a very high volatility, it goes from 6k to 10k and back and then again to 12k and so on in a matter of weeks.

If you dont have the mental stability to handle it, you better go back to buy govt bonds just like old ladies do for their sons otherwise you will lose your sleep.
 
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