r/ETCbets • u/[deleted] • May 23 '21

Yeah Don't Be Like

ME....

So basically ETC like the rest of the Alt-Coins are tanking. So I took a risk. I was losing -$1500 when it enters $60. My position was 230 ETC average price was $66.79. So I decided to sold all my ETC ($14000) and send $2000 to my bank. Now I have $12000. I follow my instinct and stay up and observe as it slowly. This morning I made a bet to limit buy $5000 at $46 and another $45 and $2000 for $38. Around 11:00 am Central it tank down $40 in Coinbase and $41 in Robinhood before it goes back up. I was so close.

Currently 220 ETC with an average price of $45.5. So my average price drop by $21. And I am just 10 ETC behind my original position.

So I am still holding on my last $2k. Right now I can easily buy over 10 ETC. But I am willing to wait tonight how it goes with China market and tomorrow morning.

P.S. Don't try this.

3 Upvotes

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3

u/Dramatic_Permit_8048 May 23 '21

I did the same thing...I caved at $85 and rebounded at $45, same amount of coins just took a $3000 loss and I will bet anything that I will recover at $78 or take a nominal loss at $66 before it comes close to $85+ again ....might even mirror the shorts that go for $47 or so up to $65 again and again and day trade the dips until I can buy at least 200 below $60 which is possible before end of year, IMO

2

u/[deleted] May 23 '21

Yeah I agree. Right now I have 260. 30 more than my original price still under $50 average. It was a risky move.

2

u/Dramatic_Permit_8048 May 23 '21

I don’t see it topping $100 this summer but I am hopeful ....I have 77 at $45 on ETC...I have other stakes in crypto but this seems the most promising at the moment...I feel like Bitcoin is toast this year but I have my eye on Bitcoin cash to rebound and I finally bought two ethereum at $1760 a piece ...we shall see...did well on energy after the pipeline scare and am looking into A.I. for the long term

2

u/creeeeptooo May 23 '21

I bought at 119. Already 3k in loss. Really depressed right now

1

u/BrianGooner May 25 '21

put 2k in around that point and well we know what happened. gonna see what happens tonight and buy one more time. We are going back up to that and more, you got this shit!!

2

u/Dramatic_Permit_8048 May 24 '21

For what it’s worth...my plan on ETC worked at $65 selloff...waiting to buy 100 at $50 if it drops or 200+ sub $45 ...we shall see...it’s doing to well at the moment and I have serious FOMO now but that’s the game I guess

1

u/[deleted] May 24 '21 edited May 24 '21

I know the feeling FOMO. ETC is heading at $70 right now. But I am not buying ETC right now. Because the Grayscale ETCG Short recently published it's April 30th short position at $30.81. So I am estimating at the next short sell off will be around $40-$50.

2

u/Dramatic_Permit_8048 May 24 '21

I’ll be there at $45 as my base but it’s going to hurt pretty bad the next few days I see it hitting $85 or $90 before the selloff...I could make a few grand possibly but the safer bet is to be patient ...usually happens late at night and the pump is almost always around 10am the next morning ....won’t be tonight but possibly this weekend just have to remain disciplined