Post
Topic
Board Speculation
Re: Feeling good about the dip / down
by
aardvark15
on 17/09/2017, 22:45:05 UTC
if it goes parabolic for too long, then I feel it makes take longer to recover in the longer term after the correction. This kind of dip or down, makes me think we have not see an all time high yet, and that the price has a higher floor.

A long term recovery doesn't bother me. I plan to hold long term any way. A gradual increase is probably more healthy for Bitcoin because there will be less volatility if that happens.

Even if it takes a year to get back to $5000, that will still be a good percentage increase if you look back a couple of years. The only bad thing about a slow gradual increase with fewer fluctuations is that trading is almost impossible. You need ups and downs to make money trading. If you don't have that, you would need to just buy and hold.