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RE: [BTC] - Sub 6K$ when to get back in?
Nice hearing from you side, Sludge!
I've stopped active trading 3 month age, what price fell below $11000
We are now in the downtrend, so it does not make any sence now to play bull games.
Here is what I posted 5 months ago: https://steemit.com/bitcoin/@dkn/when-was-the-last-winter-the-north-remembers
"The north remembers" post reminds the over-one-year downtrend and fell from 1100 to 250 bucks:
We've reached 20000, downtrend lasts for ca half a year and it can freely keep going down up to 4000 and below...
Earning money during the downtrend is possible by shorting, but it is... dangerous :) :) :)
I wait for the spring and advice you to do the same.
Thanks for the updates!
hey man! good to see you as well.
I personally don't like shorting on the platforms currently exist for crypto. i just don't trust them.
i prefer when i make a move to have the actual asset (call me old fashion :) )
but yea, everything i say here, is short-term only, i don't see the blood and capitulation just yet, but i am not going to stop trading right now, this is how opportunities are missed.
Take care!
I also do not short. I've heard stories about bill sent to unlucky shorters from the exchanges - stoplosses do not work on time and 'farewell sweetheart'.
I hope, that people who trade now really love, what you do, cause in the other case they just spend major part of their life spectating the downtrend and losing money.
That is not for the weak of heart or people that can't afford to loose, that is true now then it ever was.