Fear of missing out

FXX

Experienced member
1,141 195
apparently

Bitcoin trading halted at the CME.The $3065 drop in Bitcoin futures at the CME has led to a trading halt with it down 20%.

According to exchange rules, trading can't take place outside of a 20% move. Imagine being short and holding that short through the xmas period :)
 

new_trader

Legendary member
6,232 1,285
Opinions more volotile than bitcoin

Didn't CV cancel his trade order? We're under $12,000 now, there's got to be some value here surely?
Cancelled his order? Does this mean that 11days ago Bitcoin was a bargain @$13,000 and now it's too expensive? LMFAO :LOL: :LOL:

Original order cancelled @ $12,970 as price never went anywhere near it. This is the trouble with a One directional market, getting an entry, adding and build a position etc.
Not to worry, something will turn up!
Something has turned up. Let us know when you have bought.
 

timsk

Legendary member
7,087 1,880
It's quite disappointing that someone like you is representing T2W...
Hi Nowler,
At the risk of sounding pedantic, c_v doesn't represent T2W, that's my job!

It's true to say that c_v can be a tad truculent at times, but that's because he's a rough, tough, gruff northerner with a reputation to live up to. Stick with him and your patience will be rewarded, as he's a knowledgeable and experienced trader. Besides which, just imagine if everyone's posts were like mine, this place would be as dull as ditch water!
:p
Tim.
 
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Dowser

Experienced member
1,293 293
Is trading crypto's that much different to trading Penny Stocks?

Am I missing something?

Both have wild volatility and shaky fundamentals and the overheads are adverse too. Not many serious traders would touch Pennies and crypto's seem to draw in the same brainless throng...

Just my 2c
 

Quantt

Established member
944 57
Is trading crypto's that much different to trading Penny Stocks?

Am I missing something?

Both have wild volatility and shaky fundamentals and the overheads are adverse too. Not many serious traders would touch Pennies and crypto's seem to draw in the same brainless throng...

Just my 2c
Spot on, I would add that it is even worst, because it is not regulated at all, so in the coming years we'll read more about scams and scoundrels...

And as usual the people that are going to lose the most are the people that cannot afford the loses in the first place... The Facebook twins, the "crypto inventors", the hedge fund managers, etc, won't have to get a second job to put food on the table... It's really sad...
 

brewski1984

Senior member
2,036 348
Yep , you are right, but just one time it wont...
Very true and I'm sure when that one time happens there will be people flocking in here giving it the biggun about how they were right all along when they've already been wrong at least 5 times this year on the way up:LOL:
 

brewski1984

Senior member
2,036 348
That graph is a bit deceiving though, in terms of percentage drops it's nowhere near the biggest - and new highs posted after all of them. Again, I'm not biased either way on where this goes so don't start attacking me for it.

Plus, the red line on your graph should now be just under the 15k mark not below 12k...
 

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tar

Legendary member
10,441 1,313
That graph is a bit deceiving though, in terms of percentage drops it's nowhere near the biggest - and new highs posted after all of them. Again, I'm not biased either way on where this goes so don't start attacking me for it.

Plus, the red line on your graph should now be just under the 15k mark not below 12k...
I would say the chart that you posted isn't accurate at all for many reasons .
 

counter_violent

Legendary member
9,730 2,496
My My, you have all been busy today :LOL:

A lot of talking going on, most of it the usual standard of drivel, but we are where we are!

Onwards and upwards(y)

For the hard of seeing, i've attached charts showing 6 levels of resistance broken after the drop. The drop that I told you about over a week ago.

Also attached is a screenshot of open positions. I'll not bother you with what this will return when target is hit. I'm sure you can all use a calculator:rolleyes:

Depending on the unfolding action will determine how I manage the trade going forward. I might add, I might take away. I might close the lot early. At this juncture it's just too early to say.
Rest assured though, I will make money. :LOL:
 

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wallstreetwarrior87

Experienced member
1,882 354
My My, you have all been busy today :LOL:

A lot of talking going on, most of it the usual standard of drivel, but we are where we are!

Onwards and upwards(y)

For the hard of seeing, i've attached a charts showing 6 levels of resistance broken after the drop. The drop that I told you about over a week ago.

Also attached is a screenshot of open positions. I'll not bother you with what this will return when target is hit. I'm sure you can all use a calculator:rolleyes:

Depending on the unfolding action will determine how I manage the trade going forward. I might add, I might take away. I might close the lot early. At this juncture it's just too early to say.
Rest assured though, I will make money. :LOL:
I hear ya!

Wanted lower to fill the pot, may get some next week, haven't decided yet. Not decided on limits either (profit take), 15k initially before another leg lower to load up was/is the plan, but Christmas has come to alter plans slightly.

Pure trading - no opinion about the validity of crypto etc, dont care TBH, just playing this as a pure emotional phase in the cycle.

Not going to be too active, as spreads are a bit steeeeeeep, (and I cant be bothered to open another account just to take a couple of trades in this), also no stops :eek: but funds allocated accordingly to not lose beauty sleep over it. While it is volatile, take a play, when it calms down avoid it.

Cant see myself having more than 2 plays on this, then move onto something else.

Closed off pretty much all other positions into Jan. Then it all starts again.
 

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