You guys he's scared out of his mind, and you're telling him to buy more, lol.
What are we supposed to do? We make money when he buys more. I don't give a shit if he loses money as long as I profit. LOL
Where do you think the floor is at if not where we're at now ~$950?
You seem like a nice kid so I'll give you the only honest answer you will ever get on this forum.
My crystal ball is in the dry cleaners until Friday. How the fuck am I supposed to know? LOL
You said we make money when he buys more, implying the price hasn't hit the floor yet.
That wasn't my intent. I don't know what the floor is going to be. I only know a few things. I know what a bubble is. I know Bitcoin is in a bubble. I know bubbles must eventually pop. When it does the price will go down.
How far up, down or length of a sideways movement is anybodies guess. If you find someone that tells you they know all of the above with certainty, they are lying to you or lying to themselves. I've made a sum of money picking a price then beginning a slow sell off based on what makes me personally comfortable. Let's say I have 2000 bitcoins. I decide to sell 100 at $1,000 and another 100 for every $100 increase above $1,000. If Bitcoin skyrockets to $500,000 a coin I still won't feel bad because I made a fat stack of cash and I'm willing to live with it. If the price goes to $1,300 and pops then I've made a little and will rebuy what I sold when I see a long period of sideways movement at what ever that price is. For me that works, for you maybe not.