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@jrcornel
81
Where cryptocurrency and finance meet
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Down by the River
Website
https://leofinance.io/@jrcornel
Created
2016-07-26 19:12
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jrcornel
LeoFinance
6y
RE: Over time, Bitcoin just goes up which makes trying to trade it very risky
Yes it is quite different actually, and even if it went down or up next week that wouldn't necessarily mean I was wrong or you were wrong. I am talking about over time the currency has a tendency to go
$ 0.044
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jrcornel
LeoFinance
6y
RE: Historically accurate metric indicating Bitcoin likely still early in its bull market cycle...
You may have to sign up though to see the up to date charts...
$ 0.020
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jrcornel
LeoFinance
6y
RE: Over time, Bitcoin just goes up which makes trying to trade it very risky
There are always exceptions to the rule...
jrcornel
LeoFinance
6y
RE: Bakkt to go public this year as well
Yes exactly.
jrcornel
LeoFinance
6y
RE: Over time, Bitcoin just goes up which makes trying to trade it very risky
Well hopefully it keeps working out for you! And an even bigger hope would be that you make so much flipping between coins that you can eventually buy up a nice stack of HIVE and get this one moving as
jrcornel
LeoFinance
6y
RE: Over time, Bitcoin just goes up which makes trying to trade it very risky
That sentiment negates all trading That's exactly right! Bitcoin is for hodling. :)
jrcornel
LeoFinance
6y
RE: Where does Bitcoin go from here?
That would be the pattern if you really break it down... Though keep in mind after some of these dips, the price rallied more than 100%...
jrcornel
LeoFinance
6y
RE: Past Patterns say Bitcoin will Double again from here before the next Correction
If bitcoin didn't repeat these cycles so often, I'd mostly just ignore the trading as random noise. It appears not to be though... human nature (and possibly manipulation) seems to be very repeatable here.
jrcornel
LeoFinance
6y
RE: Historically accurate metric indicating Bitcoin likely still early in its bull market cycle...
Past trends point to the top happening in the second half of this year. A lot of models point to August, but I wouldn't be surprised if it took a bit longer and topped out in December.
jrcornel
LeoFinance
6y
RE: Miami Mayor looking at making a big Bitcoin Investment
Pretty wild how far things have come, eh?
jrcornel
LeoFinance
6y
RE: Miami Mayor looking at making a big Bitcoin Investment
Good question. My price target for this cycle is over $100k, possibly up to $200k. Wide range I know and the when is by the end of this year. Long term if bitcoin is used like I mentioned in this post,
jrcornel
LeoFinance
6y
RE: Historically accurate metric indicating Bitcoin likely still early in its bull market cycle...
Thanks for the tip!
jrcornel
LeoFinance
6y
RE: Over time, Bitcoin just goes up which makes trying to trade it very risky
Ha, no chance I take that bet. Bitcoin can do anything at any given time. The point is that it will likely be higher than where you sold by the end of this year, possibly significantly, and if you don't
jrcornel
LeoFinance
6y
RE: Where does Bitcoin go from here?
Charts are simply a reflection of all the news and buyers/sellers reacting to said news. The charts never go out the window.
jrcornel
LeoFinance
6y
RE: Over time, Bitcoin just goes up which makes trying to trade it very risky
And that is the point. If you "trade" bitcoin your odds of seeing the most gains out of the move are less than if you just hodl it. Time will tell, but trying to trade it burns even the best
jrcornel
LeoFinance
6y
RE: Over time, Bitcoin just goes up which makes trying to trade it very risky
I've traded professionally for several years. I know first hand how difficult it is to be consistently profitable. With something like bitcoin where you think it's ultimately going much higher, it makes
jrcornel
LeoFinance
6y
RE: Over time, Bitcoin just goes up which makes trying to trade it very risky
Because sometimes the market doesn't do what you expect.
jrcornel
LeoFinance
6y
RE: The real fun hasn't even started yet
Well the optimism is rooted in what it has done since it was created. Nothing new or different would have to happen for it to repeat these patterns. Just larger dollar amounts involved. And so far it is
jrcornel
LeoFinance
6y
RE: Bakkt to go public this year as well
Special Purpose Acquisition Company. It basically allows a company to go public via a merger with a shell company. At least that is how I have understood them to work. It's often a quicker and cheaper
jrcornel
LeoFinance
6y
RE: Bakkt to go public this year as well
Yes I saw that as well, could be a lot of wall street money coming into the ecosystem.
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