I mentioned earlier NEM announced their Symbol stuff earlier today, finally, when the snapshot was taking place and when the mainnet was being launched. Because this happened to happen on the day when the whole market tanked, it made things really weird. Normally there’d just be a moon.
So I stared at that shit for like 8 hours (well not actually, but it was up on a monitor) watching the bots try to sell because bitcoin is going down (duh) and the moon pressure holding it up from cratering, not making a single trade because I have way too much of that shit to buy any dips, and don’t want to sell any because once bitcoin settles down it could shoot up at any minute. But the 2% clockwork chop was too tempting so I made two small scalps, sold 1/5 of my stack and scooped it back like 1% lower.
That’s actually a terrible spot to place a sell order because it’s such a bullish spot. That’s not the top of chop like the ones earlier, that’s a resistance breakout. BUT, the graph had ignored all the others bullish patterns the past 12 hours AND there was a massive sell wall that dwarfed even my shit, and I have a lot of shit. So I’m watching the buying pressure and thinking about pulling my orders or just buying below and taking 0.2% but I was like NAH BITCH YOLO.
Sure, that’s great. So normally I’d just set my buyback order for a small but profitable trade and if it doesn’t hit then godspeed, I still have 2/3 my stack and am in decent profit loading up on these dips. But like, I’ve been waiting 2 months for exactly this shit and that 5% jump in 10 minutes could be the start of the 200% moon, I have to reverse stop-loss this shit and chase it down. But I was prepared for that, so I buy right there at the end for 1112 sats. It sucks but whatever, I knew it might happen and it’s why I was staying away, you can’t feel like a genius every time.
Wow. For a second I thought Bogdanoff had a little mercy and wouldn’t let the price actually dip even further than my planned buy order but they are merciless.
I just know a few people who anytime they buy anything it’s snap going to shit. One of them (not the same as the above post) is the best investment person I’ve ever heard of–as long as you’re on the opposite of whatever he does but now I never hear what he’s into anymore, he probably got into GME.
Finally moved my BTC/ETH to an external wallet. In hindsight it was all easy, but I was still super anxious about the whole thing. May have angered my partner when she asked me out of curiosity where I put the pass phrase I answered with “why do you need to know”.
Ledger Nano S. It only holds a few apps but I don’t mind keeping my various shitcoins on the exchanges, as long as the bulk of my crypto is for me to lose.
That was 5 minutes ago, the big buy order sitting there, and the play is to put a buy right ahead of them. Don’t frontrun as that can turn around bad but just set the order 1 increment above.
I already have a bag of LTO though and the market is volume is low so we both could’ve been dumped on, so I didn’t pull the trigger.
Heh, it just means somebody wanted to buy a ton and they weren’t getting their buy order filled, so they had to start buying the sell orders. It was a spot where the price was going to shoot up and I could’ve bought right ahead of him and made 10% in 10 minutes but I chickened out.
and I wasn’t joking. Your post was the catalyst for me to check social media and look at the charts and it was enough to buy a little. I mean, at any given point I have like 40 different coins so it doesn’t take much lol.
If I’d perused the baseball card thread at the time and known you people were still filthy degenerates I would’ve posted about it here but it felt a little uncouth to tempt people into buying Fanta Grape Drank Coin and other ridiculousness.
Eating crow on my smack talking of FTM… good lesson to always do your own research and trust no one
In fairness, I saw so many friends get super burned by altcoins and ico’s in 2017/18… just think it’s prudent to warn newbies to be cautious in that space.
106 page report on Bitcoin released today by CitiBank
Abstract sounds pretty damn bullish…
“There are a host of risks and obstacles that stand in the way of Bitcoin progress. But weighing these potential hurdles against the opportunities leads to the conclusion that Bitcoin is at a tipping point and we could be at the start of massive transformation of cryptocurrency into the mainstream.”
