Quote from: r0ach on June 14, 2016, 06:02:44 PM

Mat, you gonna buy now or wait to FOMO buy at $1400?

I am not going to FOMO buy at all. Not ever (again).

There are loads of different trading vehicles out there, many which offer far better returns than Bitcoin. Some mining stocks have quadrupled this year....missed that boat, but currently a lot of oil related and seismic stocks are right down in the shitter, but this will change as the oil price reestablishes itself at a viable price level.....as for potential crypto trading gains, ETH is a highly liquid market, offering much greater price swings than BTC does. There is no need to be FOMO buying fk all, ever.....especially not a crypto, whose markets are akin to penny stocks (i.e. 85% whale manipulation).

I missed the most recent pump up from $580, cos I bottled it quite frankly...I was sitting in the hotseat as the pump got underway, MAs on multiple timeframes were pointing up, and putting in bullish structure, watching various technical break out's occur, but I had it in my head, that a 38.2% retrace was inevitable, and that I was going to buy in around $540. But this never happened, thus I missed the trade, and I would never have guessed that they were going to pump Bitcoin so hard and direct. I shoulda FOMO bought, but I didn't, and I amn't going to do so now. I well may end up buying at $700+, but if I do so, it won't be FOMO buying, it will be trade from a solid setup.

Sure u can get 'lucky' FOMO buying and I have done in the past, but it only takes one bit of bad luck to get totally wiped out.