Crypto Bitcoin Explained

Discussion in 'Other Asset Classes' started by Tropo, 29th Mar, 2018.

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  1. Tropo

    Tropo Well-Known Member

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  2. KT_Blues

    KT_Blues Member

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    Hi Tropo,
    I see you quite regularly post about bitcoin here. What are your views on:
    - how dependent bitcoin form stock market especially Nasdaq? Does it follow the general sentiment?
    - where is bitcoin heading now?

    Last week I thought we were low, but now even lower. Everyone knew about Jan correction but predictions were to bounce back by March. Will I need to sell my kidney to pay off bitcoin downturn is my real question?
     
  3. Tropo

    Tropo Well-Known Member

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    I am not a Nostradamus, so I cannot tell you where bitcoin is heading.
    But there are only three options : up, down or sideways. Chart can give you the best answer !!!
    I am not interested in bitcoin as yet, so I do not follow any correlation between markets.

    If you are going to survive in any market, forget all kind of predictions!!
    Follow your own rules (if you do have them), and make sure that your risk/money management system is in place.
    Set your stop loss on technical levels and percentage based amount of your account, so this can give you a chance to survive without selling your kidney.
     
  4. KT_Blues

    KT_Blues Member

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    Yeah, I got my own rules. In fact one rule for all investments: "buy high, sell low". What are those charts you are talking about?
     
  5. Tropo

    Tropo Well-Known Member

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