Bitcoin - Let's Hurry Up and Do Nothing!

in cryptocurrency •  7 years ago 

I used the statement the other day: "experience is the best teacher." It seems to hold true often and it does here as well.

What I mean is...

  • Don't Over Trade!

My experience trading markets has taught me, thus what I have seen this past week or so is an environment that promotes people trying to do something when there is nothing to do.

Basically, forcing trades or even new positions when really there are no clear setups. Now, of course there are exceptions for someone who is day trading, but I'm willing to bet they put on a few additional trades that were unnecessary and may wish they hadn't.

How am I able to say this with confidence?

  • Experience is the best teacher

Anyway, the video below discusses this point and the current price action of BTC and ETH!

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Best Regards,
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Disclaimer: All info in this post is my opinion and for educational use.

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Not trading IS trading! Sitting on your hands is sometimes the best thing to do.

That's right!

Agree with not over trading or making mistakes by being bored.

Good post, excellent points. Why fight the downtrend, until a clear bottom has been put in.

I believe we wont see the bottom until we are in the $4000's.

And that will be a great entry point to ride a slow rocket for the next 12 months, after we see a clear bottom

https://steemit.com/bitcoin/@davebrewer/bitcoin-prices-won-t-be-at-the-bottom-until-they-drop-down-into-the-usd4000-s

You are right friend
Study is imagin any process
But
All information and know any thing with practically perform and get experience.

Agreed! Let the trend be your friend (when it finally goes the right way).

Exactly, and then just ride the wave.

Awesome, awesome message today and so true. Jesse Livermore said, don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.”

This is my set-up to buy long...pink circle.

That would be the ideal buy setup. We shall see. My gut still think we have one more push lower to shake people, but I am more than happy to be wrong.

My level for a reaction for weeks has been $6000, that's why your video today was so important to us as retail investors.

I subscribed. I've never seen your videos before but seeing this one convinced me that this needed to be part of my information canvas on Bitcoin. Nice job!

Thanks, do my best to share experience and principles. That is what I feel really helps people. Not some clown screaming buy now!

Keep hodling, and maybe accumulating, while it's all still on sale. ;)

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