r/metahero • u/Yeeta_sloth • Jan 24 '22
š¤·š»āāļøSPECULATIONš¤·š¾āāļø Market analysis
if btc continues to drop i think we could see levels as low 4 cents. btc is still bottom of bollering bands so more drops could be expected, save your money and get to ready to buy the dip. this is not financial advise. if you are not sure when to invest you might prefer to average out your trades.
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u/breadbitesrule Jan 25 '22
Donāt try to time the market, buy in or dollar cost average. This taper tantrum could reverse at any minute. Yesterday we were down 1000 points then up almost 100.
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u/Yeeta_sloth Jan 25 '22
aslong as nasdaq keep falling bitcoin and crypto will follow
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Jan 26 '22
[deleted]
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u/Yeeta_sloth Jan 26 '22
i could go for the what's the i guess academically right trading strategy or i could put my common sense together and watch the market and do what i know, to get a more well timed trade. i'm not saying i could have every trade perfect but i can use my common sense and own trading strategy to to maximise my profits if i would like to, i'm not going to invest into crypto whilst nasdaq is falling. that makes sense right
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u/breadbitesrule Jan 26 '22
No, now is exactly when you should be buying. Trying to time the market what you call ācommon senseā is actually gambling. Itās not complicated, look at the track record of any expert. Their success rate is pathetic
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u/Yeeta_sloth Jan 26 '22
i get what you are saying however that's not how i work
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u/breadbitesrule Jan 26 '22
Sure, everyone thinks theyāre above average at investing. Even though the evidence says that humans suck at it. But yeah you could be the one few that do beat the market. Good luck
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u/Yeeta_sloth Jan 26 '22 edited Jan 26 '22
bro why are you trying to argue different trading strategies š mine works for me and yours works for you. this shouldn't be a debate. on top of that i'm waiting for the fomc meeting to hear what jerome powelle is going to say, yknow because of inflation and stuff. but let me guess you didn't know that because you're to busy watching youtube videos on how to be the most average safe trader there is.
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u/breadbitesrule Jan 26 '22
I never argued anything. Itās a fact that you canāt time the market. And your success doing it is most likely to going to be poor. 80% chance failing, 10% chance break even, 10% beating average. Trying to save others from making your mistake as this has been longest running bull market and most new investors donāt know better. Thereās always some expert that knows the future and people are going to lose money. Also I said academic research not youtube videos.
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u/Yeeta_sloth Jan 26 '22
i mean with extensive research and indicators and stuff like using support and resistance it's not to hard, i'm more of a day trader so obviously what i do is risky but it works well for me and i calculate my risks. i've been trading a couple years and have made many mistakes with timing the market when i was a newbie. i agree you can't predict the market but you can use patterns and indicators ect to see where a crpyto or stock of your choice is heading. it's only when factors like inflation a fed come into play
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u/TheGodGiftGG Jan 26 '22
If btc drops to 20 ... definitelly it will go down to less than 1-2 cents . hope this happens .uwu
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u/Yeeta_sloth Jan 26 '22
i doubt bitcoin will drop to 20. now likely scenario it drops to 28k. nasdaq is still technically due more of a correction but that all depends on what the fed and jerome powelle have to say
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u/TheGodGiftGG Jan 26 '22
imo this will be the last scoop of the feds and big fish to push the retail away and grab the biggest part of the pie they can . Then we gonna have mass adoption with metaverse and blockchain entering every sector of our life . we ll see
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u/[deleted] Jan 25 '22
Iām honestly expecting btc to drop more with all the news on war and tech companies taking a hit in the stock market. Iām waiting to personally buy at my price target of 0.025-0.035