ahhh man I said to myself "when it breaks 20k you can go ape on a leveraged to fuck long", now i'm like "hmmm, should i wait for 22k or a dip back down to 20k? You'd think breaking resistance would make you less cautious lol.
Exactly. If you’re ever going to buy Bitcoin, this is the last time you’re gonna be able to buy it at $18k for a long time, until the bear market kicks in late next year/2022
Kent, I bought some the other month. Through Coinbase. I know they’re probably not the best but I already had it on my phone. I bought at quite a high I guess, based on what you are all saying on here.
In your opinion, where does it go from here, back down to like £3/4K a coin like it did a while back, or is it likely to increase in value next year?
if it breaches all time high (might do today or next few days or weeks) it will blow tf up. If it goes above $21/22k I'm gonna stick a hefty leveraged long on it methinks.
It could get rejected when it reaches $20k which will mean it will go back down again to 19/18k again and try again. But that resistance will break eventually. I'm pretty confident next year will be a big year for bitcoin, it will hit its top and come tumbling down again. But i dont think we'll ever see it at 3/4k ever again. More like $8-10k will be the next low in 2022/23.
So essentially I am guessing you are saying hold onto it for the foreseeable?
and I presume when you use terms like hefty leveraged long, you bet on Bitcoin in addition to investing in it?
resistance has been broken, price discovery... surely of all times to leverage, now's the time?
I've bought in with a stoploss at 20,100. Once bitten, twice shy... I think a load of yanks have woken up to see we have broken ATHs and are FOMOing but im not going to miss it if this is actually the start of it mooning
resistance has been broken, price discovery... surely of all times to leverage, now's the time?
I've bought in with a stoploss at 20,100. Once bitten, twice shy... I think a load of yanks have woken up to see we have broken ATHs and are FOMOing but im not going to miss it if this is actually the start of it mooning
oh yeah man, always use a stop loss, ESPECIALLY when using leverage.
Doesnt look like we will be witing long at this rate
Much prefer the flag and accumulation we're getting rather than another big pump through 21000. Makes me deffo sure we're not gonna get a big dump under 20k.
Doesnt look like we will be witing long at this rate
Much prefer the flag and accumulation we're getting rather than another big pump through 21000. Makes me deffo sure we're not gonna get a big dump under 20k.
Just logged into my binance account for the first time in a few years and found $500 of VET sat there, going to keep an eye on this thread and have a dabble. Without trawling back through all the recent posts, who should I be looking at right now ? Im a little rusty!
In very simple terms it's a form of borrowing to trade with x amount more than you have. So KA will put in say £10 with 20x leverage. He's now trading with £200 of crypto.
It's essentially multiplying the extent of your gains (and losses) for each "pip" the price moves by..... so where normally you would gain a penny per unit on an asset, by leveraging x10, you would gain (or lose) 10p per pip, without puting up 10x the value of the underlying asset value to trade the position.
In very simple terms it's a form of borrowing to trade with x amount more than you have. So KA will put in say £10 with 20x leverage. He's now trading with £200 of crypto.
Exactly this. The drawback is that if the price goes below a certain % that you bought with the leverage, the exchange liquidates that £10 and takes it all. So always, always always use a stop loss. And always always always either use a trailing stop loss or keep on top of how it’s doing and manually move your stop loss, so that when the inevitable downturn happens you can keep your profit.
Can I just remind the good folk of CL that probably the worse time to buy an asset is when the price is at an all time high. Buy low sell high. I'm a little concerned that some people are going to get their fingers burnt with all this hype.
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and I presume when you use terms like hefty leveraged long, you bet on Bitcoin in addition to investing in it?
I've bought in with a stoploss at 20,100. Once bitten, twice shy... I think a load of yanks have woken up to see we have broken ATHs and are FOMOing but im not going to miss it if this is actually the start of it mooning
Doesnt look like we will be witing long at this rate
@kentaddick leverage away!
Key resistance coming up
I'm a little concerned that some people are going to get their fingers burnt with all this hype.