Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious
Wishing you a full & quick recovery brother, you are so respected and well-mannered man.
Guava young leaf tea (boiled leaves) cures horrendous GI infection when antibiotics (metronidazole + ampicillin weren't working for me this time). My gf and her native relatives say it always works for them. Worked instantly for me.
Want to hear from you about the recent up leg in BTC please 
Already did and those who bought are up $100 or so already:
This very high volatility is indicative of shaking the trees of weak hands and stop losses on the way to much higher prices.
The $700 cup is still possible though, because the price rise acceleration was extreme and we may not yet be ready to enter the phase transition. Perhaps the global capital controls are not extreme enough yet. Yet I think that accelerated channel may hold up.
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Yet with $700 as the absolute bottom, I would be buying hand and fist with no stop loss above $700 at this point. Although they say don't catch a falling knife, but is this really a crash (exchanges being investigated bullshit rumor to shake the trees?) or just a taking profits -> stop-loss -> piling on short correction?
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Again back to the theme of this thread. Buy when others are irrationally short or pessimistic. We are in a sustained bull market now. All pullbacks are to the bought aggressively.
My prior two posts explained why Bitcoin is in a perma bull uptrend now. The early adopter bubble of 2013 is behind us. We are in the massive adoption phase now as the new gold to avoid capital controls. This will provide the impetus for another massive speculation bubble with grandmas piling in later at nosebleed prices ($5000+).
The $700 cup is still possible though, because the price rise acceleration was extreme and we may not yet be ready to enter the phase transition. Perhaps the global capital controls are not extreme enough yet. Yet I think that accelerated channel may hold up.
...
Yet with $700 as the absolute bottom, I would be buying hand and fist with no stop loss above $700 at this point. Although they say don't catch a falling knife, but is this really a crash (exchanges being investigated bullshit rumor to shake the trees?) or just a taking profits -> stop-loss -> piling on short correction?
...
Again back to the theme of this thread. Buy when others are irrationally short or pessimistic. We are in a sustained bull market now. All pullbacks are to the bought aggressively.
My prior two posts explained why Bitcoin is in a perma bull uptrend now. The early adopter bubble of 2013 is behind us. We are in the massive adoption phase now as the new gold to avoid capital controls. This will provide the impetus for another massive speculation bubble with grandmas piling in later at nosebleed prices ($5000+).
Tonight some random 20-something filipina (girl) asked me if Bitcoin is real bcz her friend is trying to sell her Bitcoin. That is a sign that Bitcoin is becoming much more mature! Asian girls selling each other Bitcoin.