Originally Posted by BWillie:
I find it easy. I'm waiting for 50k+
I'm with you.
"Always sell what shows you a loss and keep what shows you a profit." - Jesse Livermore, from Reminiscenses of a Stock Operator. One of the best books ever. Written circa 1920 but still incredibly, almost eerily relevant.
Book some profits along the way, of course. [Reply]
Originally Posted by eDave:
I went in with $40K over last Wed/Thurs. Around 7800. Just because.
Now I'm glued to the ticker. LOL
:cheers:
LOL, been there. The first time around in 2017 and early 2018, I made a spreadsheet with my different coins. Punch in the current prices and it would total everything. I was updating it every 5 - 10 minutes for literally weeks. It's addicting! [Reply]
Originally Posted by JohnnyHammersticks:
Beautiful, by the way. Very well played. :-)
Depending on your goals, 5+ bitcoins could be worth game-changing money a year from now.
Hey, let me ask you. What is the most efficient way to bank some profits?
I ask because I tried initially and didn't know what I was doing and probably excited and with the input and output costs I lost money. Like $4k. Coinbase.
I did learn the value of HODL though.
But now as I peek at my max sell, I see the fees are much lower. I don't know what the fuck I'm doing man. Right now I'm thinking the longer you are in, the cheaper the fees. At least to a point. dunno. [Reply]
Originally Posted by eDave:
Hey, let me ask you. What is the most efficient way to bank some profits?
I ask because I tried initially and didn't know what I was doing and probably excited and with the input and output costs I lost money. Like $4k. Coinbase.
I did learn the value of HODL though.
But now as I peek at my max sell, I see the fees are much lower. I don't know what the fuck I'm doing man.
What are the actual Coinbase fees for buying and selling a bitcoin now? On the first runup, not wanting to pay $200 every time I wanted to buy or sell kept me in longer than I should've been.
In terms of how to book profits, that's impossible for me to tell you without knowing your situation. If you put down $40k, it's probably pretty good though. You need an exit plan that you're comfortable with. Don't try to catch the top of the move, but realize that opportunities like this could turn out to be don't happen often. Pulling your initial seed money out is liberating, because it takes a lot of the emotion out of it. Trading is fighting human nature. Especially this kind of volatility.
It's nice to have a chart with a trend-line. On this chart I have a trend line drawn that starts at the bottom of the 4/1 candle to the bottom of the 4/25 candle. If it breaks that, I'm no longer bullish and I'm out. Currently sitting around 7700.
Originally Posted by Hog's Gone Fishin:
I've got several Litecoin but I changed my email address and now can't access my account. I need to call coinbase tomorrow and get that fixed.
Lost my phone in Mexico in March 2018 and I didn't have my passkeys written down. Freaking nightmare, took weeks to access my Coinbase and Binance accounts. Crypto takes losing your phone to a whole new level of suck. [Reply]