Post
Topic
Board Speculation
Re: Long-term trend is up
by
anu
on 22/04/2013, 19:44:11 UTC

If it looks like a bull trap, smells like a bull trap it is probably a bull trap.

History does not repeat itself, but it rhymes.

Last burst, most people expected Bitcoin to die and never to come back. This time, everyone expects a 3rd, and much bigger bubble than the previous 2. If this really is a dead cat bounce you may loose 60% on the way down. But if you sell off right now and tomorrow Cyprus 2.0 happens in Malta, or possibly in Spain, you miss the train.

I rather risk a loosing half of my gains so far before I watch Bitcoin racing into 4-digit land without me.