Possibility of Death Cross

in #bitcoin7 years ago (edited)

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  • We will be so far away from the possible death crosstalk bullish mind.
  • There are comments like Death cross does not work on crypto. I do not attend personally. We live in 2013.
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With Death Cross in $ ETH in 2017, $ ETH fell to 1 in 3. The only thing the $ BTC could possibly be consoling in a possible Death Cross is that the collision angle will not be too harsh, it's almost parallel.

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For future viewers: price of bitcoin at the moment of posting is 8155.70USD

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Same basic problem with literally every speculator ... you're looking at the historical data of a purely psychological game with no true pattern to discern. That's why buy and hold has never once underperformed the market. And why every day trader inevitably fails. This is just not important data.

There are 2 types of traders, short-term daily or weekly buyers and sellers and hodl's

Historically; only one of those types actually beats the market. All of the most profitable traders of all time have simply held. Unless you're measuring your profit in dollars, with regards to crypto, and only this decade or so. Then it all depends on when you spent it. I bought a car for $70 effectively. A cheapass used one I mean, but still.

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