Again, very interesting comments here! I now feel tempted to buy-in regardless of my fear. Im really not a pro or anything near it, so I just want to accumulate some knowledge here: what makes you think that it wont retrace more than the current price? Even with those new points of view, I stick to: nobody can predict the market! POWR could go way higher, but at the same time if speculators start to cash out weak hands will follow and can cause a crash. When and if this is goint to happen? Nobody can tell. But I've learned to respect the market the hard way. I will just see where it goes by putting tranches of my investment in there, day by day, and see where we are heading.
I've learned to respect the market too, through getting rekt many times, thus "becoming a pro at something is failing at it from every angle and knowing how not to make the same mistakes, or minimize them". Past market history isn't always accurate, however past experience and pattern recognition of momentum and wealth preservation solutions come into play and are strict.
Example. Buy in now, all in. Start to sell a little as it goes up IF you are afraid of the loss. Now you have profit and some reserve to buy a dip. Be brave and sell the dip to buy back lower (or lose your shirt), sell half once a decent profit is reached so you feel safe, etc. There are many ways to not get rekt, stop losses, scaled orders of small profit, etc. etc. Opportunities like this are infrequent and this is not a group pump or parabolic 2 day climb/drop, I actually feel extremely safe both playing this markets swings AND hodling if I was new again.
*Sometimes 'timing the market, is time in the market. I'd rather have my money in and be prepared/insured to pull out on a stop loss vs being on the side lines watching lost profit if I was in.
EDIT: We are consolidating as I type this, there's your dip, I don't think we'll see this again until we pass $1, anything can happen from there but the news/PR/buzz/blogs/YouTubeVideosetc. are going to hype it like fuck from there imo like any milestone.
Thanks again for this nice input. I just entered and bought myself a first batch of POWR. I didnt go all in though. I will buy small batches every day to minimize the risk. I have a lot to learn on my way to become a good trader as it seems (but I already knew that before). Lets see how far we can go here, I'm very curious how this whole thing will develop.
EDIT: Just realized that if I waited 10 Minutes I would have some more POWR now, guess thats how it goes! Excited what its like tomorrow!