Quote from: CryptoPro3 on July 15, 2017, 08:34:02 AM

Yes I totally see your point and I appreciate your detailed reply, it really cleared things up. However, in your theory only the weak hands will get hurt and they deserve to as always. There will indeed be manipulation through this time, people who buy and sell right away because of fear of it going down. People who hold through all this and buy at cheap prices will still end up on top when the market is inflated again.

100% right.... except the buy at lows part.
If you have SUPER DISCIPLINE.... yes. Very few people actually have that (although a lot of people love to talk like they do, then you see them later crying).

I guess a lot depends on if you watch the action all the time (used to watch the every moment of the market day, and the futures markets at night..... super fun).
Takes balls of steel to hold stuff under those conditions (especially if you're a scalper... it's hell on earth).

But if you're aren't watching, and you're view is actually really long term.... yes, you're totally right.
Kind of a foreign concept to me..... but I'm so busy now I can't watch.... so I laugh when I check on what's happening.

When I was new, I tried catching the falling knife a few times (and got burned... LOL). That's learning.
When people write here about "buy once it goes down".... I know better. And it's not like these coins are cheap...... I mean, apples to apples, I'd rather have a stock certificate of a real company over a coin.... but this volatility can't be beat... and the best thing I was ever at trading wise was/is volatility. Made my money using options since that increased volatility.... but you also have to be really good at timing (and that's the hardest thing). With coins you get the volatility without the stinking option greeks. Beautiful.

-DE