I think this is perfect for my strategy. Add to a position as its going down, and take regular profits since its not going up in a straight line. If the volatility was huge, I'd likely be exiting a position far too early, and the drops would be so huge that I'd be sitting in deep drawdowns for a while. But so far for me, being stuck in a 10k range while we are guaranteed to go higher is the perfect environment for what I'm doing. Even on Friday afternoon it killed me to take profits on the lowest positions that I had, but since roughly $120 of profit was offered, I took it, expecting a retrace of that fast move higher post Powell speech. And sure enough, the retrace came. Some positions are heavily down because the average price is closer to 120k, but I can just wait for those to come back into profit while I play this smaller range down here.
That is accessibility, not liquidity. Your previous post actually proved the opposite, selling 24K coins pushed the fairly shallow market down by 4 K dollars.
I think it's just a matter of opinion, $4k on a $117k/btc is not much, when bitcoin is $1M/btc you'll be saying the same thing when it's $40k Let's pretend it was Ricardo Salinas who needed emergency funds for a vacation trip with the family on a Sunday, as he's not a trader, he decided to market sell $2.7 Billion of bitcoin, and as a result, took a slippage on half of the order of about 2-3% What other market had that much liquidity that he could have done that? Art market? Collectibles? gold? oil? stocks?, bonds? remember it's a Sunday, he could not wait until Monday morning when markets opened
Sorry to hear that, it will come back, As I said on a reply to you that I stopped trading btc perps, too much whipsaws I do have "swing-trade" positions I plan to liquidate to the fomo top of Moonvember, might actually start scaling out if the price is good in Uptober But a week or so ago, I'm looking at my Hyperliquid bag and I want more, because I think it's a safe play, Anyway I decided to use perps to "increase my exposure", but I'm not trading it, not planning to close the trade until [see above] position has gone negative and positive m2m, luckily it's positive for a few days now On that subject, I missed the Plasma ($xpl) ico, $0.05/xpl, and 2 days ago, Hyperliquid offered perps on it, but the xpl is not released yet, it's also trading on Binance perpetual futures I'm doing the same thing putting a position using xpl perps, but price is already above $0.5 so it's a 1000% roi for the ico participants, they're probably shorting part of their position, I'm down slightly on the position and willing to increase if it goes down more The reason I say all this is because it is similar to your thoughts with bitcoin, you're trading it but you are willing to be an "investor" if the trade goes against you, I'm doing the same thing with these 2 perpetual futures positions, but only until Moonvember tl;dr lol
don't worry somebody is just testing the liquidity and lowering the bitcoin price to make it more affordable for the regular folks
Someone better prop up bitcoin soon. Sub 100k is a guarantee!!! Some guy on cnbc this morning was hyping up bitcoin again. Im sure all the bitcoin enthusiasts saw it and cheered his interview.