submitted by /u/tralxz [link] [comments] |
source https://www.reddit.com/r/btc/comments/kthxla/bitcoin_cash_blocks_growing_nicely/
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This rally seems to have legs and I am highly bullish over the long term and no one knows how high and how long it’s gonna go
Don’t be stupid.
Don’t put your grocery/rent $ into Bitcoin
Don’t borrow money that you don’t have to put into Bitcoin.
Don’t take a 1000x leveraged position, a 3% swing in the wrong direction could wipe out your entire position. (We’ve only had like 15 of those in the past 48 hours)
Don’t try to “day trade” crypto. Sure, there are some folks that can do it and get consistent returns just like there are people that can hit .290 against an mlb curveball but you probably aren’t one of them.
Don’t think that institutions are afraid of taking profits. If they see an opportunity to sell at $42k and buy back at $25k they’re gonna take it.
Every indication is that this bull run will continue, which is when you should be reevaluating your risk tolerance. The old saying goes “be greedy when everyone is afraid and be afraid when everyone is greedy”
If you’re in this to turn an intermediate profit, make a plan to start taking profits and stick to it.
As much as I believe in Bitcoin in the long term, it isn’t immune to extreme volatility and we’re still early in the adoption phase. Retail investors are finally starting to FOMO that they’ll likely be a big part of driving new price discovery. Institutional investors make their money by eating retail investors for lunch.
Please don’t be stupid. Every person that gets burned at the end of a massive rally is less likely to get involved in Bitcoin again.
Good luck!
with the recent banning/purging of right-leaning groups/users from popular social media platforms, would now not be a great opportunity for them to start building uncensorable, blockchain-based solutions (the bch blockchain in particular)? thoughts?
also, i don't lean in either direction. just putting it out there.
So randomly coinbase just canceled my $10k order. My account is verified, 3 years old, connected my bank to do ACH buy of $10k for Bitcoin. They say it’ll take 5-10 days to show up in my account and it never does. Then I check order history and it shows up as pending and that it was to arrive a couple days prior (never did) and now today it says it was canceled altogether. My bank is chase and I called their support and they said CONbase never even attempted to fill the order and there would’ve been no problem on their end. Price of Bitcoin was $31k at time of purchase and now it’s over $41k. What a disgraceful company. No support. No responses anywhere. Constantly crashes. Complete clown-show. Cost me thousands. Can’t imagine I’m the only one. Good luck to everyone!
Case# 03997077 if anyone at coinbase cares
I Finally got a dollar in coinbase!! I’m 13 and spent literal months trying to get around 5 dollars in my account! Just wanted to share because I didn’t know who to tell it to lol