Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I almost forgot over the last couple of years just how nauseating bitcoin's price movements can be.
you'll be fine.Oh crappy-o, it looks like we're going down again 
BTC didn't even rise enough to give me a proper dip on my favourite altcoin! I feel better if I can keep my liability split 50/50 between the two but after the events of the past few days I've spent heavily on Bitcoin and now I feel too one-sided and too vulnerable to Bitcoin's fluctuations. It only needed to rise a little bit more (and the alt dip a little bit more) for my buy order to go through on Polo, but now they've see-sawed the wrong way 
BTC didn't even rise enough to give me a proper dip on my favourite altcoin! I feel better if I can keep my liability split 50/50 between the two but after the events of the past few days I've spent heavily on Bitcoin and now I feel too one-sided and too vulnerable to Bitcoin's fluctuations. It only needed to rise a little bit more (and the alt dip a little bit more) for my buy order to go through on Polo, but now they've see-sawed the wrong way I understand that people do this, and it does lend a certain ability to profit and an additional level of complexity that can really cause you to lose money faster or gain less (but yeah of course I recognize that it can have big pay offs too).
In other words, you are really bringing additional gambling to bitcoin, and does not really seem to be a longer term plan.. with mere investing in bitcoin should be enough to get rich, no (or at least increase your value over time).
Oh it's long term alright, in fact I was buying up Dash for over a year before I bought any Bitcoin to keep. Let's say I'm hedging my bets as to which one is the better long-term investment.
. I hope they will both enjoy mainstream adoption and a long prosperous future and I want very much to be a part of that. But the high profit margin on my Dash has also been very reassuring during these funky Bitcoin dips. It doesn't make me any less passionate about Bitcoin. It's just that I was passionate about Dash first and so far it's done me very proud
was the talk of bitcoin scalability problem a factor?