[Daily Discussion] - Sunday, January 24, 2021 Bitcoin Markets |
- [Daily Discussion] - Sunday, January 24, 2021
- Is HODL a cult?
- Moon Math Update: A Stepbackdate
- Trading Algo for Crypto assets programmed
| [Daily Discussion] - Sunday, January 24, 2021 Posted: 23 Jan 2021 09:00 PM PST Thread topics include, but are not limited to:
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| Posted: 24 Jan 2021 06:41 AM PST Inflammatory title, I know, but I am genuinely interested in the psychology of the 'HODL' gang. In finance there is a maxim - 'everyone is a trader until their bet goes wrong; then they become an 'investor' holding for the long term'. With the extreme volatility of crypto it seems this maxim plays out far quicker than in normal markets. People want to get rich quick and then when volatility inevitably puts their position underwater they are suddenly HODL and exchange platitudes on forums with others stuck in the same position. My sub question would be- when is a HODL'er planning to sell? If they are true to the HODL concept, then surely 'never' is the only answer. Which seems ridiculous. Every good investor in it for the long term will have a set of conditions that will cause them to dump their investment. Recently W. Buffet dumped all his airline holdings at a significant loss. He had built his holdings over many years with the genuine desire to invest for the long term (or HODL, if you like). But he still had a set of parameters that would cause him to change his mind. He sold for a large loss. The problem with the crypto HODL'ers is they seem to have no parameters on when to sell. In fact, the most logical parameter, such as a massive fall in price due to government regulation, actually seem to embolden the HODL crew. 'It's on sale' 'invest for the long term'. This seems irrational and cult like. A cult of people for whom 'belief' trumps any reason. [link] [comments]  |
| Moon Math Update: A Stepbackdate Posted: 23 Jan 2021 01:37 PM PST The 90 day still has us growing at over 1% a day. And yet... Fear is out of hand, and I think it has to do with a loss of perspective. That's okay. It happens in every bull market. Just... chill the fuck outWhatever you do, don't post FUD in an attempt to justify a decision that you're thinking about making, or regret making. Just… fuck right off with thatMedium.com is 100% bullshit. Reddit self posts, like this, are bullshit. The slack-jawed meth heads you follow on twitter and youtube, also, bullshit. CitiBank "leaks" calling for $318k bitcoin? Just… BullshitI had automod block all medium links for a long time because of all the bullshit spam deluded motherfuckers posted here. It's all horseshit. It doesn't need to be debunked. The people writing and posting this shit are not serious people with serious thoughts. Those people? There's a technical term for them: "asshat." Believing an asshat makes you an asshat. If you disagree with me, I don't care. Stop taking yourself so fucking seriously and… Just… give your balls a tugHow do you get perspective? Step back and relax. I posted this projection a couple weeks ago: https://www.tradingview.com/chart/BTCUSD/UM690OjN-Projecting-from-the-previous-bull-markets/ No substantial change. Seems like zooming that far out isn't really doing it for some of you. So, I'll zoom in to the 4 hour, and you can see exactly how similar this market is. I'm going to pull from the last time we broke out from and ATH, in 2017. Here's the source, so you know I'm not fucking with you: https://www.tradingview.com/x/1shb3Yrc/ ...And when we overlay with today's price? https://www.tradingview.com/x/YZdTuq46/ We can compress that fractal and get an interesting overlay: https://www.tradingview.com/x/UM9vBsFK/ Remember that the market went up nearly 10X from where I'm projecting from. We're rhyming with the past. It was scary back then. What we are experiencing is not like that. This feels both faster and more stable than any bull run we've ever had. Ride it out, and… Just… stop listening to asshatsThis is your last chance to DCA for substantial gains. [link] [comments]  |
| Trading Algo for Crypto assets programmed Posted: 24 Jan 2021 05:48 AM PST Hi folks, i programmed a automated crpto trading algorithm. It works with orderbook data and other parameters in a short timeframe (tradelength 1 to 60 min per trade). I started this 4 month ago and the montly return is between 2-8% in the messured timeframe. Till now a family member and I are the only who put money in it for testing. The strategy is more a quant approach but I can't tell for sure the return on invest is stable over 1 or 2 years (because test time is only 4 month till now). More testing and running the Algo is needed. Now I am seeking potential investors but I really don't know how to do this because most business guys I talked to are affraid of the volatility of cryptos. Do you guys know how to reach a certain amount of serious potential investors in crypto? Best regards [link] [comments]  |
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