in charlesfuchs •  4 months ago  (edited)


When looking at the "Bitcoin Charts" for long term HODL positions, I tend to only look at the daily, weekly and monthly time frames.

Bitcoin has been quite volatile in the past 4 weeks (1 month) swinging from $8000 to as high as $13,800. That is almost a $6,000 difference.

For the "Average" Joe/Investor, they must be getting very emotional right now. Do I buy now? Do I wait? Do I short? Do I dollar cost average? Do I go ALL-IN? ETC... ETC...

I use to be like this in the late 90's when I first start trading stocks and options (age 19 at the time). I was buying and selling stuff... losing my ass off. 🤷‍♂️

The main problem back then, I had no experience and was a very emotional trader. I really didn't know what the hell I was doing.

Looking back, How did I lose over $40,000 in the markets really fast?

The main reason was because I never had any "game plan" and I was just buying shit listening to people on CNBC. WTF! 🤦

(Hey, I was just a teen in the 90's... don't make fun) 😂

With that being said, I never was a good trader. However, the most important thing that I learned from my past experience... always "have a game plan".

So where is Bitcoin heading? I have no idea... All I know is that I have my "BITCOIN BUY ZONES" in place and my buy targets are from $7,000-$9600.

Can Bitcoin hit these targets once again?

Who Knows! All I know is that buying Bitcoin at these levels are my "sweat spot" for my long term HODL positions (2-5 Years).

So what are your thoughts? Are you buying? Are you selling? What are your price targets? .... and if your targets are hit, are you going to put all emotions aside and take action?

Most people will "say" they will but in reality when it come time to take "action" many people just won't because of fear, greed, confusion, ignorance, blah blah blah.

At the end of the day, learn and behave to understand/control your emotions at all time. Once you do, you will be a much better trader.

Keep On STACKIN! 😎

~ Charles Fuchs

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Actually saving $10,000 to put into tax free stock trading before putting more funds into crypto, will put stock trading profits into crypto trading/hodling

Tax Free? Only way you do that is through a IRA or Roth IRA. I'm not a fan anymore of any traditional markets at all. I rather invest in my own business :)

Maybe. Probably. Will certainly if we dip below 10K.

I would see a nice bounce from $10k in the short term 😅😬

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I am good with that as well.

Oh, I am not alone who lost money in crypto world because of lack of experience and knowledge! 2 years ago I had a definite sum of money, and I was said and advised - buy steem! (then i only was going to register here). But I was afraid to lose money.. I knew nothing about Steemit and its crypto, and I couldn't let myself to lose that money, it was everything I had. So I missed my chance... Very soon steem raised to 5$.... I was in despair. But it was my own mistake and experience.

Now I don't buy, don't sell, I wait:) i need as high price as possible:)

You gained experienced at least 😂... it’s really tuff not to be emotional but the more you do it (investing), the easier it becomes and you will be like me, damn I lost it all... oh wells, I know now what not to do 🤑

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  ·  4 months ago Reveal Comment

What do you mean, I’m confused 🤷🏼‍♂️

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for the first time ever i am not even looking at the prices this is such a depressive time damn

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Oh man! I wanted to buy hard when BTC prices were dipping in the $3-4000 range a few months ago. But, i had little to invest so what i did have i put into Steem

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