Saturday, November 24, 2018

[uncensored-r/Bitcoin] Time To Start Buying - A Guide for the Non-Holder

The following post by ExactBtcTrading is being replicated because the post has been silently removed.

The original post can be found(in censored form) at this link:

np.reddit.com/r/ Bitcoin/comments/a04fwy

The original post's content was as follows:


It's that time - We've seen the marketing, we all know crypto prices have slid past the point everyone expected. That means it's finally time to get in.

For the holders, you can stop reading right now - You believe the market is in a natural 80% cycle, and that's fine - Nobody is arguing with your logic. But this doesn't pertain to you.

For those that have been reading my posts all year and heading my advice - Time for action has come. First a quick review - The war with bch has reached a tipping point, today marking the first day that SV outmined ABC and has gained a 30 block lead. The SV camp has proven it can take losses for over 1 year and maintain this activity, so the writing is on the wall. Prices have adjusted downward to meet the new break even point of bch mining. This has destroyed the ASIC mining industry almost overnight. The market is now questioning if BTC should be at it's current value, or if another coin might be the "real" leader.

Time to strike. You'll want to spread your buys across BTC, BCHABC, and BCHSV. Your initial buy should be low, don't blow your fiat at once trying to time it perfectly. Use about 5-10% of your fiat to buy your first chunk of each coin.

Now set your points at the delta you prefer (5% for example). Enter a buy order at 5% below your buy price, and a sell order at 5% above. As for the amount to buy/sell, you'll want to cover 7-10 hits in one direction. In other words, you'll want enough fiat to buy 7 times at a 5% delta each time. Now remember, one of these coins (looks like it's going to be BCHABC after all) is going to lose the hash war and blip down to near $0. Keeping a small amount would be prudent, but continuing to trade based on deltas is highly risky and speculative.

Keep consistent - When you pick your delta and marks, stay with them. One will hit, give them time - Keep to the math you've set forth, don't deviate based on your emotions, and you'll start to enjoy riding the market. Look ma, no hands!

It's been a long time since the public has had an opportunity to buy Bitcoin at below $4000. The addition of Satoshi's Vision creates a nearly ideal time to invest, as the stakes are very high....Who owns the money for mankind, or if nobody owns it at all.



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