Post
Topic
Board Speculation
Re: Is the blood on the street drying up?
by
dothebeats
on 10/03/2015, 16:29:04 UTC
It looks like some upward pressure is building and I'm not sure I like it. This rise is fast enough that it looks like another bubble. It would be better, IMO, if we saw a rise of $5-6USD per week. But whatever. For the moment I'm going to stop buying and move into a spending phase.
Remember the best time to buy is when there is nothing but pessimism and "blood on the streets". Now that we are rallying it is a better time to spend coins and take some profits. So the $230 bitcoin you bought last week is now super money worth more than what you paid.   

Or maybe you have another strategy? Do tell.

I honestly consider this as a good profit already (I sold a bit when the price reached $300). The pressure from the buy side is high, and I can't tell whether I like it or not. I guess I like the slow rises better than this one though it still is pretty good for me.