What's up everyone,
I hope you are all having a good day and sitting in profit like me.
I am still bullish on bitcoin and I believe that it's possible the bottom is in. This year has been incredible for me personally, I have been able to capitalize on this bear market and increase my bitcoin stack! That said, I know one day bitcoin will go back up and I need to be prepared for that. I am currently, as I am long, but we all need to accept that fact that the bear market may be largely over.
I am surprised that we are here in all honesty, I was expecting to see $1,000 bitcoin, but some whale has bought over 35,000 btc on bitfinex in the past 30 days. This is quite bullish. Until he came along, I didn't see an end anytime soon. Now that he is here, bitcoin stands a chance. With that said, I feel really awful for those of you who did not get a cheaper entry like I did. All I can say is that I hope there is another small dip so that you guys get a chance to buy again. If you are looking to buy, I would recommend starting small and scaling up and hopefully you'll get a chance to lock in profit which you should take.
I'll let everyone know if/when I change my mind, but as of now, I am bullish on bitcoin!
-YoungShkreli
PS Someone in the comments of one of my recent posts said he doesn't use a stoploss - even though he is SHORT (means he must be borrowing). Guys, if you are borrowing money (leveraged), you have to use a stop loss. A mental stop loss is not good enough. Bitcoin jumped 100% in ONE day when it was at $10,000. What do you think it could do now that it's cheaper? Triple? Quadruple? Dumbest thing I've read in while. You MUST use a stop-loss if you are a leveraged trader. It's not negotiable. Please do not shoot yourselves in the foot people. Trading without a stop loss is playing russian roulette. In some cases, you are literally risking your life doing this (some ppl have committed suicide as a result of trading losses :/). Be safe people. Please.
I hope you are all having a good day and sitting in profit like me.
I am still bullish on bitcoin and I believe that it's possible the bottom is in. This year has been incredible for me personally, I have been able to capitalize on this bear market and increase my bitcoin stack! That said, I know one day bitcoin will go back up and I need to be prepared for that. I am currently, as I am long, but we all need to accept that fact that the bear market may be largely over.
I am surprised that we are here in all honesty, I was expecting to see $1,000 bitcoin, but some whale has bought over 35,000 btc on bitfinex in the past 30 days. This is quite bullish. Until he came along, I didn't see an end anytime soon. Now that he is here, bitcoin stands a chance. With that said, I feel really awful for those of you who did not get a cheaper entry like I did. All I can say is that I hope there is another small dip so that you guys get a chance to buy again. If you are looking to buy, I would recommend starting small and scaling up and hopefully you'll get a chance to lock in profit which you should take.
I'll let everyone know if/when I change my mind, but as of now, I am bullish on bitcoin!
-YoungShkreli
PS Someone in the comments of one of my recent posts said he doesn't use a stoploss - even though he is SHORT (means he must be borrowing). Guys, if you are borrowing money (leveraged), you have to use a stop loss. A mental stop loss is not good enough. Bitcoin jumped 100% in ONE day when it was at $10,000. What do you think it could do now that it's cheaper? Triple? Quadruple? Dumbest thing I've read in while. You MUST use a stop-loss if you are a leveraged trader. It's not negotiable. Please do not shoot yourselves in the foot people. Trading without a stop loss is playing russian roulette. In some cases, you are literally risking your life doing this (some ppl have committed suicide as a result of trading losses :/). Be safe people. Please.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.