Waiting For Btc To Hit 4000-3800, Then All Balls In!

[Elliott]

Its got volume, or as we might say, absorption.

 

[Workbox]

I wasn't throwing shade by saying that hopefully it gets back to 7 cents soon. You hit your $3800-$4000 BTC buy zone so if you stuck with your plan then you bought ADA for 3.5 cents. So if it gets to 7 cents you can probably unload half and get your original investment out. There will be sellers there at 7 cents. ADA is in a downtrend so I would want to unload half if it gets back to that 7 cents area.

OK, that makes sense, and it did go to the 3.5 cent mark where I saw a volume indicator of support. I could unload there, but I think the range I indicated is a range for support. If I am wrong then I need to relearn my technicals.

 

[The Bob]

over 2000 crypto's. There doesn't seem to be anything proprietary about block-chain tech. Reminds me a little of all the hype on RFID a few years back. Things like that get commoditized with razor thin margins. How does a co make money on block-chain tech?

https://coinmarketcap.com/all/views/all/

 

[Joe Flacco]

over 2000 crypto's. There doesn't seem to be anything proprietary about block-chain tech. Reminds me a little of all the hype on RFID a few years back. Things like that get commoditized with razor thin margins. How does a co make money on block-chain tech?

https://coinmarketcap.com/all/views/all/

I think before it is all said and done 90% of them probably go to zero.

 

[Workbox]

I wasn't throwing shade by saying that hopefully it gets back to 7 cents soon. You hit your $3800-$4000 BTC buy zone so if you stuck with your plan then you bought ADA for 3.5 cents. So if it gets to 7 cents you can probably unload half and get your original investment out. There will be sellers there at 7 cents. ADA is in a downtrend so I would want to unload half if it gets back to that 7 cents area.

OK, that makes sense, and it did go to the 3.5 cent mark where I saw a volume indicator of support. I could unload there, but I think the range I indicated is a range for support. If I am wrong then I need to relearn my technicals.

I think before it is all said and done 90% of them probably go to zero.

That is very true and valid and that is why I have stayed away from many others. This one if it does reverse and trends similar to BTC, then .87 is good area to revisit position.

 

[Joe Flacco]

 

[Joe Flacco]

 

[Workbox]

Joe, I understand trends and I believe that it's come to it's +/-85% cyclical downtrend. I also note that many alt coins and main coins also follow BTC.

 

[Joe Flacco]

I'm just saying that it is in a downtrend. It is in a downtrend until there is evidence that it is not. I don't know where the bottom is but I know that there is no evidence of a bottom at this time. What we have evidence of is the downtrend continuing with fresh lows in the trend. Just because it declined about 85% in the past doesn't mean that it can't decline more.

 

[The Bob]

I'll give you the bottom 10% and the top 10% of any move if I get to keep the middle 80%.

Don't try to buy at the bottom and sell at the top. It can't be done except by liars.

When beggars and shoeshine boys, barbers and beauticians can tell you how to get rich it
is time to remind yourself that there is no more dangerous illusion than the belief that one can get something for nothing.

Only liars manage to always be out during bad times and in during good times.

All quotes by the same guy.
I read his autobiography years ago and there was passage about one of the "panics" in the late 1800. He talked about seeing all these
80+ year old Civil War veterans going down to the telegraph office to buy stocks. They had seen it so many times before...buy when there is blood in the streets.