Now I dont usually trade the pair, but I never believed in bitcoin since it started on its descension (not a real word apparently).
List of other similar things I dont believe in: Santa Claus Tooth Fairy Leprachauns Aliens
Anyways....
It just never was able to really recover, and its because... its backing and presence is based off of one thing and one thing only...belief. To understand this concept, we will be looking at the first on my list, which is Santa Clause. But for that we need to go way way back, to when you were a young boy. That young boy so full of hope and dreams, I mean the type that any kid could dream about. You know what I'm saying? Like a astronaut, doctor, firefighter, pro athlete, or maybe the next president (haha better than trump I hope). So 5 year old you, after a hard day playing that occupation on the jungle gym rushes to get home because its Christmas eve, and you want to shower and get ready for bed. Because young, angelic you wants to wake up super early to see if you can catch Santa Clause in the act delivering that new Power rangers Megazord downstairs that you had written on your christmas list. So you sleep, and wake up super early to find out that there is no Santa Clause, but instead your parents wrapping the gifts last minute because, well that's just how they are. Not only that, but the Megazord you wanted, yeah that Megazord, guess what!? It was sold out in store because they waited to the last minute to get it for you, so you get your worst nightmare ever...CLOTHES!!!!! And it doesn't stop there, you grow up trying really hard in school only to get Cs and Ds, and that girl you really liked already has a boyfriend!! So you think, college is going to be the day where I win. And you get to college only to find out that all girls are not into you so you hope that you can get a good job to hopefully get an attempt at that one girl who is finally ready to settle down with a stable man. Only to find out that you get a crappy job, working for a boss who doesn't even know that you exist and will never promote you. To sum your life up in one word...disappointment. That's what bitcoin is, a freakin disappointment.
Good thing I'm not you, but a happy man with a happy life Heh.
Anyways, i think I rambled on a little too much: I will be waiting for a BIT (haha get it). In particular, I will be looking for the right type of bearish evidence around 7500-8000, where I will sell it hand over fist to hell.
Gameover Bitcoin.
Dont Listen to me, im a lose money forex trader. #bigballsfx #bbfx
Order cancelled
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Havent taken any positions on this yet, no signs of rejection yet
@wildbeast LOL true that all those buyers who thought this was going to rise definitely did buddy. Good thing I never touch it. I just wanted to post for pure entertainment. I trade forex and commodities, not fairy tales.
Darkside999
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@brendoninhawaii, yea yea sure you never touched it.
I believe you lmao.
brendoninhawaii
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@wildbeast, LOL YUP!! Friends who dont understand trading always tell me "why dont you do bitcoin?" I always tell them, only if I was going to short it, its all hype to me. thanks for stopping by.
Darkside999
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@brendoninhawaii, yet you said "I don't usually trade this pair" which means you do. You got rekkt so you are upset so now you are being emotional cuz it aint going your way. Read what you wrote one more time very carefully lol.
Belief is irrelevant. I do not care about Bitcoin and I do not care whether the price of Bitcoin goes up or down. I am a trader, and I make money whether or not the price of Bitcoin goes up or down, based on chart analysis followed by probability assessments. That is how I earn my living, as a professional trader. Your argument that 'belief' in a commodity has a bearing of any sort on the willingness of traders to buy and sell it, is invalid. I recommend that you consider reading books by educated people. If you expend some of your human capital educating yourself, you will lose a lot less of your monetary capital in the course of trading, and will avoid broadcasting specious arguments to professional traders
brendoninhawaii
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@quantumfly, hmmm, im sorry i didnt know there was a law that you had to read my post, yet you are here...reading my post. you could've just decided to look at the technical analysis that im predicting, posted on the chart and paid no mind to the actual wording around it. it was purely to entertain myself, no one has to read or listen to what i say... but yet you are. I wonder what would happen if you decided to skip over posts that you didnt like? (thats a good question). thanks for stopping by, i appreciate your support