gaz5

If it sounds like that's my recommendation, you didn't read the post properly. The trading references were a response to your (incorrect) assumption about my plans. I don't plan to buy bottoms and sell tops as you initially assumed, I explained that. Trading is not for everyone and there's no such thing as an expert trader in retail. Certainly not me and I've never claimed to be an expert. It can be profitable but takes time and effort, like most things. But no, my recommendation is not to listen to anyone telling you to buy the dip in a downtrend (in any market), because, you know, the probability in a downtrend is what? Up, or more down. No one needs to know the future, in fact that's one of the biggest misunderstandings around what analysing data is about. It's not about identifying what will happen, it's about identifying what's more likely to happen. Your buy the dip in a downtrend strategy for people would have bought 58k, 52k, 48k, 43k, 35k and now 30k. All of those bar 1 (currently) are underwater, by as much as 48% and your DCA cost basis also massively underwater, by far more than it would be holding cash. Unless of course you only recommend buying this dip. In which case how did you come to that conclusion without looking at a chart and are you trying to pick bottoms? Buying dips in an uptrend, as I said, is a decent DCA strategy. That's why it worked for you over the last two years of massive uptrend. Buying dips in a downtrend is not. It's daft. Especially if you're worried about the value of your cash as you claim to be. There's absolutely nothing wrong with sitting in cash when the risk of loss from buying assets is higher than the risk of inflationary loss from sitting in cash for a period. Nothing at all. “There is time to go long, time to go short and time to go fishing.” — Jesse Lauriston Livermore But you do you, my intention isn't to convince you to change your mind, I know I won't, it's to explain to others who read your "great time to buy bitcoin" recommendation that maybe they should think that one through and ask "is it though".

Sorry, but just no. "Buy the dip" for every dip is a stupid method of trying to make money on any market, not just Crypto, especially if you are buying that dip with new capital and not from profits from selling previously. I could maybe forgive you "buy the dip" blindly in an uptrend as a reasonable DCA strategy for someone who doesn't want to trade or pay any attention. But buying the dip in a downtrend is just providing exit liquidity for someone else. No, my strategy is not to buy the bottom and sell the top, because that's also a silly, all eggs one basket strategy and hugely unlikely to pay off over time. The opportunity cost alone, even if it did fortunately make money, doesn't work for me, especially if having to ride a 50% loss before making that 50% profit. Might this end up being the bottom, from a macro perspective? Potentially, but unlikely IMO as there's been no capitulation at all as yet. But even if it were, if your upside targets are 100k over time, or even a return to ATH, why wouldn't you wait for confirmed reversal for a macro trade (around 44k) and pay the premium if that happens, rather than buy now and risk another 30% drop to the actual bottom? It makes zero sense. Buy here and risk riding a 6 month -30% asset, or wait to potentially buy 30% more when it does bottom, or get in when the reversal is confirmed and it's in an uptrend. We can agree to disagree, obviously, but I see no long term buy signal here at all. Short term trades only.

Why was it a "fantastic time to buy" and for what outlook? This sort of message does crypto no more good than it does the stock market. It's the same "buy the dip", "Diamond Hands", "HODL" madness you see on Twitter every day. If you're talking short term trading buy, with a view to selling quickly. Indeed, it was [emoji6] If you're talking long term buy: you're about 8k and potentially 4-5 months early IMO (and certainly far too early to be calling a bottom). I caught a long, that I'm now out of with profit. I'm waiting for the retest for another quick in and out and I have the first of 5 shorts planned at the long target then more all the way up to 39k, the last of those being a large short targeting 21.9.

For someone I generally consider to be quite a sensible poster, this is an absolutely wild take. Rangers and Celtic fight it out for domestic honours every season, no one else has a sniff. It's a 2 horse raise in a backwater league, by all comparison to European competition. In my lifetime, Only Aberdeen (that I was too young to remember), other than Rangers or Celtic, have lifted our top league trophy. And I'm wrong side of 40. Conversely, in that time, I've seen one of them reach a European final now 3 times. Celtic reaching the final was a monumental achievement, as was Rangers previously (especially considering some of the players they had at the time). Rangers reaching it again is also a massive achievement. Had either of you won it previously, as with Rangers in a weeks time, it would then and will this time eclipse anything done domestically given footballing backwater that we are. I understand why Celtic fans don't agree with that, like Rangers fans wouldn't have had Celtic won it, but the reality is that either of you lifting a European trophy is the equivalent of Dundee lifting the SPFL. You'll never convince non Old Firm fans that your 372nd SPFL title in the last 10 minutes is more important or a bigger achievement than a European trophy. Rangers don't win it right enough.......

Made a few really good saves but his distribution was pretty poor throughout. Not sure I'd be too harsh on him for the penalty, he had to go for it I thought and Sakala just beat him to the ball. Pretty dull game, had I not been on the treadmill I wouldn't have kept watching. Felt like an end of season nothing encounter from start to finish. Meekinson made an error for the second goal but I've seen him a few times and think he looks a decent prospect for United. Had another decent game I thought. For Rangers King looked comfortable throughout but, granted a dead rubber, Lowry looks like a very, very good young footballer. Arguably did more good with this first 3 touches than I've seen from some of his senior colleagues in games I've watched them this season. Good to see a few good young Scots coming through for both sides.

Tony Watt going down soft for a pen would make me giggle. That's the top trolling outcome. [emoji846]

Unsurprisingly a bounce game.

Congratulations Rangers fans. That is a magnificent achievement. Magnificent Genuinely happy for you. What country is third rate now Lothar....

That's a very, very good finish. You know what, I like Lundstrum.

Also, Arfield is a bag of spanners as well.

Honestly. What is the point in Sakala. You must, must have better options. (watch him score the winner now. [emoji846])

Was coming. Rangers have had to take off good players and replace them with poorer ones. Starting to show.

Goldsons was harsh, other two stick one, Kampl 100% a yellow not given.

I reckon one of Goldson or Bassey ain't playing in the final if Rangers get there. They're both a hung leg from a red with this ref. He's been terrible so far.

Very good from Rangers. 2 excellent goals and some very good performances. John Lundstrum had turned into a very good signing. Think most of us for that one wrong. He's been excellent again.

There's a player in there. You're not 2-0 up without him, for example. But his inconsistencies within games are baffling. One involvement really good, the next awful. He's got decent potential IMO, if you can work with him.

Aribo scores, that's the tie.

Oh my goodness That's another absolute belter.

First of all, what the f**k is he even doing there? Second of all, that's a very, very good goal. There you are Albus [emoji846]

Missing a striker already. That's a great ball from Wright.

He doesn't play in the front 4 though does he. [emoji1787]

Not the team you would have hoped for, I'd wager. McGregor Tavernier, Goldson, Bassey, Barisic Lundstrum, Jack Wright, Kamara, Kent Aribo Genuinely hope you go through tonight (I know, unpopular opinion for a neutral but our game gets so much shit from the outside, e.g. Lothars recent comments) but it's hard to see where your goals are coming from in that front 4. About 8 between them all season?

While I agree with your sentiment that we are the ones being screwed (as always) the overall financial catastrophe that's incoming isn't because of the ongoing costs of war and Covid. They contribute, but we've been headed here for over 2 decades because of frivolous/profiteering based monetary policy in most every country in the Western world. Politicians, particularly in the US I should add, are being very quick to try and convince people that Covid and Putin are to blame as a "look over there", in the hope people don't see the absolute cluster f**k the ruling classes have consistently made of things in our lifetimes. Whatever colour of rosette they wear.

It can't be a serious suggestion. If it is, then it's a ridiculous, self serving suggestion that ought to get the feedback it deserves. Paying extra through means testing for no other reason than to subsidise the profits of private companies who could easily afford to contribute more than this would ever achieve anyway and not even feel the pinch? That idea can get in the sea along with whatever c*nt from the energy companies suggested it.

There's always 1. Says more about you than me. [emoji6]