Time to fulfill Afrikoin's prophecy.
I'm already sold out and waiting for $750.
Not 100% on 750 but I'm in fiat unless it pops up convincingly through those walls. It's been a bit of a slow grind down so we'll see where it bottoms out. I hope Africoin is correct.
You playing your whole investment on down?
Wow!!!! If so, you sound like an irrational gambler.
I keep most in cold storage but what I do have on exchanges I go pretty much all in or out depending on which way I think it's going. It might be a poor strategy for some but it's worked well for me so far.
Well, if you are used to engaging in that kind of strategy, then you likely have various ways to offset the risk.
I just have a problem with that kind of strategy because there seems to be a lot of luck with such an approach because frequently there seems to be little to no way to know (unless you happen to be a really large whale) which way the price is going to go in the short to medium term (lets say 1day to 1 month term). I don't know how long you would be holding your position open in the event that the market moves opposite to your expectations, but it seems like quite a bit of a gamble.
Sure maybe sometimes you would make really big if you predict correctly, but with that kind of strategy, you might wipe out a decent amount of your trading stash, too if you bet wrong.
You are not saying anything about margin, but engaging in margin trading would merely amplify the results, whether positive or negative, but still would not seem to result in long term gains, unless you just happen to get lucky.