Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious
Poloniex is getting slammed. The pages will only load sometimes. Panic altcoin selling, BTC buying.
I actually find it funny how all the altcoin lovers that preach against Bitcoin being slow and not profitable enough, are now selling their so loved altcoins for BTC in order to benefit from the increase lately.
I tried to tell you all to buy at $660, because I could sense it was getting ready to break out over $700.
Why $660? People have had the chance to buy at very low $500's at the time the Bitfinex hack started to kick in. Some lucky traders even managed to get themselves some sub $500 coins at that time. From $660 to now is just a tiny profit. Especially when you consider that the majority of the people here don't even have a whole BTC.
Next stop is high $700s ($800ish) at the cup & handle, which is what I predicted on Sept 3. It was the only prediction I made. I am not cherry picking from several statements I made.
I personally think that $750 will be the peak, perhaps slightly below that level, but we'll see what happens. Either way, very soon it will be time to secure profits.
Edit:
Best time to buy was triple bottom @180.
Most gamblers bought around 600-1000. So we will see resistance very soon.
Tbh i expect us to visit 660-680 again.
Most gamblers bought around 600-1000. So we will see resistance very soon.
Tbh i expect us to visit 660-680 again.
Sub $200 back in 2015 was indeed the far better time to buy yourself as many coins as possible, but I was more referring to the situation this year.