Current Events > Crypto General #17: Suicide prevention hotline 1-800-273-8255

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GoriIIa
02/05/18 8:03:12 PM
#352:


Bought some more after saying Id chill for a while.

The Senate news got me excited.

Ahhhgggfggh
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E32005
02/05/18 8:03:41 PM
#353:


The_Juice_ posted...
E32005 posted...
bitcoin crashes and ppl cant keep it in the general

KEEPININTHEGENERAL


Tbh the people who post here aren't the ones making those separate topics, just other people generally saying lol bitcoin.

true
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E32005
02/05/18 8:04:20 PM
#354:


This is the first time I've seriously considered buying whole bitcoins
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Kazi1212
02/05/18 8:12:44 PM
#355:


LockeMonster posted...
Kazi1212 posted...
CiIantro posted...
Kazi1212 posted...
I put in my short position for BTC at 8200, so I dont mind the dip, but now I have no idea what a good buy point would be. We clearly havent bottomed out yet, the whole month of February may have already been set to bearish

The only way to short bitcoin is through futures contracts, which I highly doubt you are using


By short I mean converting back to the dollar because I believe the dollar will fare better against BTC for the short term, you can do that easily on gdax for .25% a trade

So... you just sold high and are waiting to buy low? Why not just say that?


Because my focus isnt buy low, sell high as a traditional investor would. My goal is sell high, buy low, theres a distinctive difference in terms of approach. Sell high, buy low is generally thought of as shorting and as opposed a longer buy and hold strategy, this is more medium-short term. During a bear market Im more in the shorting mode than the traditional buy low and sell high method. I havent had a problem with people not understand what I meant by the term before, but I get you, its not normally how the term is used
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LavarNeedsHelp
02/05/18 8:16:00 PM
#356:


I don't think you can talk about shorting unless you're borrowing. The concept doesn't really work unless you have that margin buy equivalent.
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Kazi1212
02/05/18 8:21:11 PM
#357:


annax0 posted...
LockeMonster posted...
Kazi1212 posted...
CiIantro posted...
Kazi1212 posted...
I put in my short position for BTC at 8200, so I don?t mind the dip, but now I have no idea what a good buy point would be. We clearly haven?t bottomed out yet, the whole month of February may have already been set to bearish

The only way to short bitcoin is through futures contracts, which I highly doubt you are using


By short I mean converting back to the dollar because I believe the dollar will fare better against BTC for the short term, you can do that easily on gdax for .25% a trade

So... you just sold high and are waiting to buy low? Why not just say that?
because he doesn't know what a short position is


https://www.investopedia.com/news/short-bitcoin/

Check out the last method for shorting, thats exactly what I do. The term is used more broadly than the strict use of shorting as we understand it, I get youre a shitposter but come on now
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Kazi1212
02/05/18 8:36:34 PM
#358:


Seriously, how do some of you guys not know how broadly the term shorting is used in the trading world and you guys are out here trading in the crypto market? Just seems so basic
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LockeMonster
02/05/18 8:43:04 PM
#359:


Kazi1212 posted...
Because my focus isnt buy low, sell high as a traditional investor would. My goal is sell high, buy low, theres a distinctive difference in terms of approach. Sell high, buy low is generally thought of as shorting and as opposed a longer buy and hold strategy, this is more medium-short term. During a bear market Im more in the shorting mode than the traditional buy low and sell high method. I havent had a problem with people not understand what I meant by the term before, but I get you, its not normally how the term is used

Like I said, you're just selling high and waiting to buy lower. You're making it sound like what you're doing is somehow more sophisticated or something. It's usually called day trading or swing trading.

Also trading like this is actually very stupid unless you have a lot of experience, which doesn't look like it.
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LavarNeedsHelp
02/05/18 8:44:31 PM
#360:


Kazi1212 posted...
Seriously, how do some of you guys not know how broadly the term shorting is used in the trading world and you guys are out here trading in the crypto market? Just seems so basic

because shorting has a very specific definition in investing already

and what you're doing is already defined and no one ever calls it shorting
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Kazi1212
02/05/18 8:47:46 PM
#361:


LockeMonster posted...
Kazi1212 posted...
Because my focus isnt buy low, sell high as a traditional investor would. My goal is sell high, buy low, theres a distinctive difference in terms of approach. Sell high, buy low is generally thought of as shorting and as opposed a longer buy and hold strategy, this is more medium-short term. During a bear market Im more in the shorting mode than the traditional buy low and sell high method. I havent had a problem with people not understand what I meant by the term before, but I get you, its not normally how the term is used

Like I said, you're just selling high and waiting to buy lower. You're making it sound like what you're doing is somehow more sophisticated or something. It's usually called day trading or swing trading.

Also trading like this is actually very stupid unless you have a lot of experience, which doesn't look like it.


https://www.investopedia.com/news/short-bitcoin/

So I guess investopedia is wrong? Because the fifth method is exactly what Im doing and they classify it as shorting. Or do you fail to understand the term is used broadly in the trading world?And I dont make my own trade decisions, I get advice from someone who is a professional trader and been trading bitcoin for years, his advice has worked out very well thus far in a bear market. He also he also refers to what Im doing as shorting, but hey I guess you must more how broadly a trading term can be applied than a professional trader.
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Kazi1212
02/05/18 8:48:44 PM
#362:


LavarNeedsHelp posted...
Kazi1212 posted...
Seriously, how do some of you guys not know how broadly the term shorting is used in the trading world and you guys are out here trading in the crypto market? Just seems so basic

because shorting has a very specific definition in investing already

and what you're doing is already defined and no one ever calls it shorting


So I guess investopedia used the term erroneously? You must know more than them about this whole trading thing
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LockeMonster
02/05/18 8:59:14 PM
#363:


Kazi1212 posted...
https://www.investopedia.com/news/short-bitcoin/

So I guess investopedia wrong? Because the fifth method is exactly what Im doing and they classify it as shorting. Or do you not understand the term is used broadly in the financial world And I dont make my own trade decisions, I get advice from someone who is a professional trader and been trading bitcoin for years, his advice has worked out very well thus far in a bear market

Where did I say it was wrong? I'm saying by talking like you are, you come off as even more of a novice then if you just kept it simple and used normal accepted terminology. Not technicalities. You're trying to sound like you're doing something exceptional and not regular day trading.

Also if you were really getting advice from a professional trader, I doubt you'd be bragging about the small gains you are getting. You also can't speak on the trading world when someone else is doing your work, so the rest of your post kind of falls apart.
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chrono625
02/05/18 9:01:32 PM
#364:


It's at 6500 now.
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Kazi1212
02/05/18 9:06:29 PM
#365:


LockeMonster posted...
Kazi1212 posted...
https://www.investopedia.com/news/short-bitcoin/

So I guess investopedia wrong? Because the fifth method is exactly what Im doing and they classify it as shorting. Or do you not understand the term is used broadly in the financial world And I dont make my own trade decisions, I get advice from someone who is a professional trader and been trading bitcoin for years, his advice has worked out very well thus far in a bear market

Where did I say it was wrong? I'm saying by talking like you are, you come off as even more of a novice then if you just kept it simple and used normal accepted terminology. Not technicalities. You're trying to sound like you're doing something exceptional and not regular day trading.

Also if you were really getting advice from a professional trader, I doubt you'd be bragging about the small gains you are getting. You also can't speak on the trading world when someone else is doing your work, so the rest of your post kind of falls apart.


Ever thought it was you just projecting I was trying to use fancy terminology? I just thought it was such a basic term that people easily got what I was saying, which is the whole point of communicating. My bad if it brought out some latent insecurity in you thinking people trying to act smart.

Also if investopedia isnt wrong, then what hell youre arguing about. I obviously used the term correctly then, youre the one coming up with these fantasies of me tryin to sound smart.

If I tried to sound smart, would I admit dont make my own trade decisions? Think
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LockeMonster
02/05/18 9:09:50 PM
#366:


Kazi1212 posted...
Ever thought it was you just projecting I was trying to use fancy terminology? I just thought it was such a basic term that people easily got what I was saying, which is the whole point of communicating. My bad if it brought out some latent insecurity in you thinking theyre trying to act smart.

Talk about projecting lol.

Jeez man. I was just looking out for you by pointing out how stupid your posts sounded because honestly it sounded like a jumbled mess. I also wasn't the only one bringing it up.
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LockeMonster
02/05/18 9:10:32 PM
#367:


Kazi1212 posted...
Also if investopedia isnt wrong, then what hell youre arguing about. I obviously used the term correctly then, youre the wrong me coming up with these fantasies of me tryin to sound smart.

If I tried to sound smart, would I admit dont make my own trade decisions. Think

Lmfao, you added more. Wow.
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assassinCrash
02/05/18 9:18:55 PM
#368:


Cheers to everyone holding because they would rather lose the money than to sell. Its people like you that made crypto big in the first place and will continue to in the future.
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Kazi1212
02/05/18 9:23:14 PM
#369:


LockeMonster posted...
Kazi1212 posted...
Also if investopedia isnt wrong, then what hell youre arguing about. I obviously used the term correctly then, youre the wrong me coming up with these fantasies of me tryin to sound smart.

If I tried to sound smart, would I admit dont make my own trade decisions. Think

Lmfao, you added more. Wow.


I get peeved when people accuse me of doing something I didnt, forgive me for being human.
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NightMarishPie
02/05/18 9:30:16 PM
#370:


Finally got 5 ETH. I'm just gonna hold my ETH and litecoins for the foreseeable future. No more buying unless ETH drops to like, 100 lol.
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twitterfriends
02/05/18 9:31:19 PM
#371:


You literally have no where to go to, no other crypto, no other stock nothing is safe at the moment lol, don't say gold I'm not a caveman
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E32005
02/05/18 9:31:46 PM
#372:


it keeps making me want to buy more.

its so cheap

ugh
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twitterfriends
02/05/18 9:32:52 PM
#373:


You know what I'm actually tempted to get a loan to buy up crypto, we'll see.
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solosnake
02/05/18 9:32:53 PM
#374:


This is definitely not the bottom guys. Hold on tight, the worst FUD hasnt even hit yet.
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NightMarishPie
02/05/18 9:33:36 PM
#375:


solosnake posted...
This is definitely not the bottom guys. Hold on tight, the worst FUD hasnt even hit yet.

bring it on
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Turtlebread
02/05/18 9:36:07 PM
#376:


NightMarishPie posted...
solosnake posted...
This is definitely not the bottom guys. Hold on tight, the worst FUD hasnt even hit yet.

bring it on


i can't wait to buy 20 dollar bitcoin
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CapnMuffin
02/05/18 9:36:21 PM
#377:


This is rough
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chrono625
02/05/18 9:38:10 PM
#378:


twitterfriends posted...
You know what I'm actually tempted to get a loan to buy up crypto, we'll see.


This is a fucking HORRIBLE idea.
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E32005
02/05/18 9:38:15 PM
#379:


solosnake posted...
This is definitely not the bottom guys. Hold on tight, the worst FUD hasnt even hit yet.

thats what i'm thinking.

what are your guesses, everyone?

5k bitcoin
400 eth
80 lte

???
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XplodnPnguins92
02/05/18 9:39:09 PM
#380:


I'm afraid to check my portfolios worth.
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Nightmare_Luna
02/05/18 9:50:05 PM
#381:


holy cheap ETH

i wasn't gonna buy more but if it's this cheap..
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twitterfriends
02/05/18 9:53:15 PM
#382:


chrono625 posted...
twitterfriends posted...
You know what I'm actually tempted to get a loan to buy up crypto, we'll see.


This is a fucking HORRIBLE idea.


Trust me, this is for me. Plus you have no idea of my financial situation. I actually thought about before the market dipped when Bitcoin was $17,000 but now everything is in a good deal I'm going to do it. Probably $20,000-45,000 is something my bank would let me have and I love doing business with them.
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twitterfriends
02/05/18 9:56:08 PM
#383:


For those who are really curious I want to get a loan at 7% I have great credit score and I've paid all my monthly payments with other plans they've given me so they'd be happy to give it to me I believe, I'll try to talk them down to 6% or even 5.5%.
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E32005
02/05/18 9:58:24 PM
#384:


holy shit monero might be worth a buy.
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LockeMonster
02/05/18 10:02:36 PM
#385:


Kazi1212 posted...
LockeMonster posted...
Kazi1212 posted...
Also if investopedia isnt wrong, then what hell youre arguing about. I obviously used the term correctly then, youre the wrong me coming up with these fantasies of me tryin to sound smart.

If I tried to sound smart, would I admit dont make my own trade decisions. Think

Lmfao, you added more. Wow.


I get peeved when people accuse me of doing something I didnt, forgive me for being human.

But you did.
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Kazi1212
02/05/18 10:05:36 PM
#386:


LockeMonster posted...
Kazi1212 posted...
LockeMonster posted...
Kazi1212 posted...
Also if investopedia isnt wrong, then what hell youre arguing about. I obviously used the term correctly then, youre the wrong me coming up with these fantasies of me tryin to sound smart.

If I tried to sound smart, would I admit dont make my own trade decisions. Think

Lmfao, you added more. Wow.


I get peeved when people accuse me of doing something I didnt, forgive me for being human.

But you did.


So you think I was trying to sound smart? Ok if you think so, I guess the term shorting and how its routinely used in various contexts of trading parlance escapes your comprehension. But ok, you got me bro
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annax0
02/05/18 10:13:55 PM
#387:


is it not alarming that this guy has tripled down on what "short" means
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Kazi1212
02/05/18 10:18:24 PM
#388:


annax0 posted...
is it not alarming that this guy has tripled down on what "short" means


Whats alarming is you people think you know more than literal investopedia on how to use a basic trading terms. Do you guys also think climate change is fake even though most experts think otherwise?
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LockeMonster
02/05/18 10:21:02 PM
#389:


Kazi1212 posted...
LockeMonster posted...
Kazi1212 posted...
LockeMonster posted...
Kazi1212 posted...
Also if investopedia isnt wrong, then what hell youre arguing about. I obviously used the term correctly then, youre the wrong me coming up with these fantasies of me tryin to sound smart.

If I tried to sound smart, would I admit dont make my own trade decisions. Think

Lmfao, you added more. Wow.


I get peeved when people accuse me of doing something I didnt, forgive me for being human.

But you did.


So you think I was trying to sound smart? Ok if you think so, I guess the term shorting and how its routinely used in various contexts of trading parlance escapes your comprehension. But ok, you got me bro

No, I explained it pretty well. You are free to reread my posts. You getting defensive over it and jumping to the projection angle and lashing out just shows it's going over your head.

Your posts sound like you're Google Translating into English. Maybe English is not your first language, in which case I'm sorry. Otherwise it looks extremely stupid. Pointing to investopedia doesn't help your cause. It just shows you don't know what you're talking about.
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annax0
02/05/18 10:22:50 PM
#390:


Kazi1212 posted...
annax0 posted...
is it not alarming that this guy has tripled down on what "short" means


What?s alarming is you people think you know more than literal investopedia on how to use a basic trading terms. Do you guys also think climate change is fake even though most experts think otherwise?

this has me questioning whether this is reality.

i'm an IB associate at evercore. im so confused.
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Kazi1212
02/05/18 10:23:48 PM
#391:


LockeMonster posted...
Kazi1212 posted...
LockeMonster posted...
Kazi1212 posted...
LockeMonster posted...
Kazi1212 posted...
Also if investopedia isnt wrong, then what hell youre arguing about. I obviously used the term correctly then, youre the wrong me coming up with these fantasies of me tryin to sound smart.

If I tried to sound smart, would I admit dont make my own trade decisions. Think

Lmfao, you added more. Wow.


I get peeved when people accuse me of doing something I didnt, forgive me for being human.

But you did.


So you think I was trying to sound smart? Ok if you think so, I guess the term shorting and how its routinely used in various contexts of trading parlance escapes your comprehension. But ok, you got me bro

No, I explained it pretty well. You are free to reread my posts. You getting defensive over it and jumping to the projection angle and lashing out just shows it's going over your head.

Your posts sound like you're Google Translating into English. Maybe English is not your first language, in which case I'm sorry. Otherwise it looks extremely stupid. Pointing to investopedia doesn't help your cause. It just shows you don't know what you're talking about.


Im sorry, I was just lashing out at my own lack of intelligence, can you please explain one more time what was stupid about my post? Explain it to me like Im 5
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E32005
02/05/18 10:24:18 PM
#392:


anyone else getting aroused looking at cmc?
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Kazi1212
02/05/18 10:24:33 PM
#393:


annax0 posted...
Kazi1212 posted...
annax0 posted...
is it not alarming that this guy has tripled down on what "short" means


What?s alarming is you people think you know more than literal investopedia on how to use a basic trading terms. Do you guys also think climate change is fake even though most experts think otherwise?

this has me questioning whether this is reality.

i'm an IB associate at evercore. im so confused.


Sure you are
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TheAnthraxBunny
02/05/18 10:24:49 PM
#394:


E32005 posted...
anyone else getting aroused looking at cmc?

What's that?
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Turtlebread
02/05/18 10:25:31 PM
#395:


TheAnthraxBunny posted...
E32005 posted...
anyone else getting aroused looking at cmc?

What's that?


colormecrazy
a user here at gamefaqs
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E32005
02/05/18 10:26:04 PM
#396:


Turtlebread posted...
TheAnthraxBunny posted...
E32005 posted...
anyone else getting aroused looking at cmc?

What's that?


colormecrazy
a user here at gamefaqs

lol. nooooooooo!
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solosnake
02/05/18 10:52:24 PM
#397:


How heavy are dem bags?
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Turtlebread
02/05/18 10:53:48 PM
#398:


I am a crypto jedi
these bags weigh nothing to me
my training is complete
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twitterfriends
02/05/18 11:06:04 PM
#399:


https://www.youtube.com/watch?v=l5ClZG6xlZY

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CiIantro
02/05/18 11:08:56 PM
#400:


Kazi1212 posted...
CiIantro posted...
Kazi1212 posted...
I put in my short position for BTC at 8200, so I dont mind the dip, but now I have no idea what a good buy point would be. We clearly havent bottomed out yet, the whole month of February may have already been set to bearish

The only way to short bitcoin is through futures contracts, which I highly doubt you are using


By short I mean converting back to the dollar because I believe the dollar will fare better against BTC for the short term, you can do that easily on gdax for .25% a trade

Thats not what shorting is.
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CiIantro
02/05/18 11:12:34 PM
#401:


Kazi1212 posted...
LockeMonster posted...
Kazi1212 posted...
Because my focus isnt buy low, sell high as a traditional investor would. My goal is sell high, buy low, theres a distinctive difference in terms of approach. Sell high, buy low is generally thought of as shorting and as opposed a longer buy and hold strategy, this is more medium-short term. During a bear market Im more in the shorting mode than the traditional buy low and sell high method. I havent had a problem with people not understand what I meant by the term before, but I get you, its not normally how the term is used

Like I said, you're just selling high and waiting to buy lower. You're making it sound like what you're doing is somehow more sophisticated or something. It's usually called day trading or swing trading.

Also trading like this is actually very stupid unless you have a lot of experience, which doesn't look like it.


https://www.investopedia.com/news/short-bitcoin/

So I guess investopedia is wrong? Because the fifth method is exactly what Im doing and they classify it as shorting. Or do you fail to understand the term is used broadly in the trading world?And I dont make my own trade decisions, I get advice from someone who is a professional trader and been trading bitcoin for years, his advice has worked out very well thus far in a bear market. He also he also refers to what Im doing as shorting, but hey I guess you must more how broadly a trading term can be applied than a professional trader.

Ok nononono. I trade stock. Not a single person in the investment world calls selling high shorting. True shorting means taking a position that will directly make you money if the price falls. This is done either by borrowing shares for stock or by taking a negative position on a futures contract for commodities (like crypto).
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