Big month for crypto

[raiders72]

can never go broke taking a profit. The game is and will always be-buy low, sell higher (unless hangin on to yielding paying assets )

with that said - targets are different,as are personalities.

Our wiring is such that the pain of a loss is greater than the joy of a gain . Studies show this .

Food for thought: it's not an all or none. If your gain is sizable and the thought of a haircut doesn't sit well ? Can take some profit .
You won
Keep the remainder and add if pulls back (if ya choose). technically speaking : If it breaks the .618 fibro there is a high probability of completion of full retracememt - that is to the all-time highs. if it breaks the all time highs ? that's where the fun begins as its in no man's land- free to soar like a bird.As of now, as prevously noted there r no red flags on the chart (weekly/monthly)...yet

gl

why would you look at it like the stock market in a bull run where someone's jumping for joy on a 10% gain for the year? No one is timing the crypto market and if you sell at the wrong time you'll be left sitting on the sidelines. If there's a possibility of a 500% gain, don't miss out. Do that stuff in a bear market. I was day trading after the 2013 run but stopped during bull runs. Don't even day trade anymore.

 

[raiders72]

It's impossible to lose money in a crypto bull run and it doesn't even matter what alts you buy. Everything goes up. We are all geniuses. Just look for the best coins/tokens. The only losers are the guys buying and selling the same coin although most of them buy green and sell red.

 

[Ricboff]

why would you look at it like the stock market in a bull run where someone's jumping for joy on a 10% gain for the year? No one is timing the crypto market and if you sell at the wrong time you'll be left sitting on the sidelines. If there's a possibility of a 500% gain, don't miss out. Do that stuff in a bear market. I was day trading after the 2013 run but stopped during bull runs. Don't even day trade anymore.

huh? 'no one' is timing the crypto market? lol, wtf r you talking about . Its an asset class that's very volatile-nothign more nothing less

like i said everyone has different targets/personalities.

the guy that bought BTC in Nov 2021 is sitting with a large loss adn NO YIELD 2 years later . Some cant stomach that .

btw its the big boys that are going/likely to save the guys that bought in Nov 2021 ....gotta thank them

 

[raiders72]

huh? 'no one' is timing the crypto market? lol, wtf r you talking about . Its an asset class that's very volatile-nothign more nothing less

like i said everyone has different targets/personalities.

the guy that bought BTC in Nov 2021 is sitting with a large loss adn NO YIELD 2 years later . Some cant stomach that .

btw its the big boys that are going/likely to save the guys that bought in Nov 2021 ....gotta thank them

The only thing that matters in the crypto market is the 4 year cycle and current news. All the stock market stuff is irrelevant. It's the same thing over and over again. All the crypto charts are for the YouTube people needing views. No one earning decent money is trading back and forth in a bull market. It's the easiest market that you'll ever see. No one has ever lost money buying and then selling 4 years later.

 

[raiders72]

What I don't know is the real cause for the 4 year cycle other than miner's profits getting cut in half. The price has to at least double to keep mining profitable. My guess is that it has something to do with mining . Or is it the natural cycle of bull and bear markets that coincide with halving? That's the stuff that I don't really understand.

 

[Ricboff]

whatever works for you is cool. But want didnt work for you, doesn't mean it doesn't work for others. The market/big boys is relevant. Its why we're getting this push up, you dont see that? then why do you think Jan 5/10 is a catalyst ?

 

[raiders72]

If you are

whatever works for you is cool. But want didnt work for you, doesn't mean it doesn't work for others. The market/big boys is relevant. Its why we're getting this push up, you dont see that? then why do you think Jan 5/10 is a catalyst ?

Jan 5-10 is when the SEC will determine if any or all 13 bitcoin spot ETFs will be approved. Current news.

 

[Ricboff]

correct

seen as a potential catalyst for upward movement, cmon man ....

 

[raiders72]

correct

seen as a potential catalyst for upward movement, cmon man ....

I said all you need to know is the crypto cycle and current news. It has zero to with fibonacci or death crosses. That's for the stock market.

 

[Ricboff]

k, your not a TA guy, no prob

that current news is THE MARKET /big boys hopefully embracing btc..that's why were getting this run up..not some cycle.....wtf

 

[raiders72]

k, your not a TA guy, no prob

that current news is THE MARKET /big boys hopefully embacing btc..that's why were getting this run up..not some cycle.....wtf

You aren't a crypto guy. The bull run has everything to do with the 4 year cycle. Mining profits get cut in half.

 

[raiders72]

We'll bust through the previous all time high then have an 85% crash. Happens every time. Most alts die. Next bull run new sectors will be the big winners. Last time DeFi, prior to that privacy coins, maybe it's AI this time. That's what people should be looking at. Most likely gaming and AI.

 

[Ricboff]

you're correct im not a crypto guy and never will be

but this run up is market based ('news' if you will), the big boys want in. all eyes in early Jan

'Happens every time.'---buy low, sell high ....or if you prefer -time the market

its history may change over time especially if embraced by institutions , may become less volatile...as less panic selling . we shall see

 

[raiders72]

you're correct im not a crypto guy and never will be

but this run up is market based ('news' if you will), the big boys want in. all eyes in early Jan

'Happens every time.'---buy low, sell high ....or if you prefer -time the market

its history may change over time especially if embraced by institutions , may become less volatile...as less panic selling . we shall see

Blackrock, Grayscale and others timed this around the 4 year cycle. They weren't going to do this after the crash. Blackrock filed in June. Normally the prices will start a slow ride a year before halving.

 

[Ricboff]

fair point , with Blackrock onboard its all good .

 

[raiders72]

fair point , with Blackrock onboard its all good .

I didn't mean to demean your stock market knowledge. Your knowledge on that stuff is way above my head.

 

[REDEYE]

fair point , with Blackrock onboard its all good .

come on man, need you to switch gears and get back on the golf thread with this Rahm move. need to hear your take

 

[Ricboff]

i wasn't offended at all, just sharing TA thoughts which may or may not be useful to viewers. If anything, i need to apologize , im not a crypto guy and may have come across to some as one? hell wasnt even aware a crypto' cycle ' exists , lol. Thanks for the information, looking even better now ..maybe the perfect storm?.......hopefully 2024 is a great yr for iconic btc

gl

(lol, RED just posted...your thoughts?)

 

[raiders72]

Last 7 day gains/losses for the top 100 by marketcap.

 

[raiders72]

Last 24 hours.