I bet you will be wrong in the next 5-6 days.
Price stability shows that the price is not just part of volatility. Smart money bought in 2012 and hasn't sold yet.
Those who sold between $75 and $95 made profit but may end up buying back in higher.
Don't hold your breath for a large dip in the near term.
Price stability shows that the price is not just part of volatility. Smart money bought in 2012 and hasn't sold yet.
Those who sold between $75 and $95 made profit but may end up buying back in higher.
Don't hold your breath for a large dip in the near term.
Yep, I made money, you made money, nearly all of us made money. That's a good thing. But knowing when to ring the register and take a profit is an extremely important aspect of being a successful trader... You know that old saying: "If it looks like a duck, walks like a duck and quacks like a duck it is probably a duck"? ... even if we put technical analysis to the side and just use some simple, "old school" reasoning:
1) This looks like 99.9% of the bubbles of the past...
2) People have the same "bubble mentality" exhibited in all past bubbles (bullish to the point of growing horns -- denying the possibility the price can ever go down)...
3) The numbers reflect the same proportions as past bubbles...
4) It's not worth the risk to try to buy high and sell a little bit higher...
If I walked away from Bitcoin at this point and never used it again I would be better for the experience. I'm not going to stop using Bitcoin, but the point is I have nothing to lose here. I can afford to miss out on a few %, and those few % are not worth the risk of losing many %... Risk is to the downside, not the upside.
Disagree as we may, I applaud you for expressing your opinion in an intelligent, civilized fashion (not joking). So +1 for smoothie.
--ATC--
If we all were able to call bubbles then we would all be rich now huh? Usually bubbles occur when you least expect it. Perhaps this could be the percieved value growth of bitcoins based on the many positive developments for bitcoin?
Once again I bet you will be proven wrong in the next 5-6 days concerning your claim that bitcoin likely wont go through $100.
Moreso it seems that you making bearish calls shows you were hoping to buy in cheaper than you sold. Don't deny it that you wanted to make a % profit by selling and hoping to buy back cheaper. Same principle.
I somehow believe you will at some point buy back in higher.
As Cypher says "Sell High, Buy Higher"
