JJMa

If you waited too long to buy, you are 25% down

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
So this is what happens when you hem and haw and sit on your hands and wait like an idiot to buy in. -25% Down on BTC over the last week. If you sat on your ass and engaged in hand-wringing while watching the thing go up 10x before you decided to buy, you get -25% on your investment, and you deserve it. Also I am almost willing to bet that aside from short interest who are making smart, leveraged bets to the downside, a lot of people that bought recently are going to or have bailed on their losing positions. You -----redacted/explicit---- have no one to blame but yourselves for hemming and hawing for the last 3 years before buying in just recently. I like Elon Musk , but to be honest, even he should have bought at the worst, six months ago.
Comment: Can't say it is time to relax, but if this is a relief rally, it's looking more bullish than any set of candles we've seen in the last 2 days.


See how it goes, but these are good buy levels for anyone wishing to add or to start a position.
Comment: Another comment, if there is too much run up after this solid showing of support, expect it to be retested if CME gaps result. Odd how gaps to the upside are of little concern, but gaps to the downside must always be filled.

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So much anger and hostility. Chill. You seem to make all the right trades so smile a bit and enjoy
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JJMa C_E_O
@C_E_O, Just writing my mood out, given the reduction in the size of my positions I'd say I'm taking this fairly well. Also, I think people need to read this sort of thing if it applies to them, so they make wiser choices in the future. We are also seeing this in equities as of late. There is short-interest taking part in this, but surely part of the issue in both is people that waited to buy and are now selling after a draw down. Selling begets selling. So if someone is reading this and the tone applies to them, then they should be reading it and being smarter the next time. This is the direct result of euphoric FOMO and unless people learn from it, we will see this happen over and over again.
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Good job :)
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