Quote from: iwishicouldfly on February 01, 2018, 10:19:51 PM

Quote from: drachman on February 01, 2018, 09:28:31 PM

Quote from: iwishicouldfly on January 31, 2018, 11:07:07 PM

Nope, don't agree with you. I think it's just as likely to go down to 6k than it is to go back up to 20k. I've seen nothing that convinces me otherwise. Your two scenarios are not the only scenarios, although pretty unlikely there's a non-negligible chance it could go even lower than 5k. In short, anything can happen. I'll wait to see some stability before buying more bitcoins.

Anything can happen but why are you going to wait even more, you can get bitcoin for 9k that is good enough, I know that is better to buy at the absolute bottom of a market but to predict the exact bottom is difficult you need to set a price in which you think is good enough for you to buy, if 9k is not enough for you then what kind of price are you waiting for?

I'm not waiting for a price I'm waiting for stabilisation. Even if it means I don't get as much profit, it means I'm far less at risk of losing money.

OK that is a fair explanation then what kind of stability are you waiting for? Are you waiting for a stability that last several weeks or months? Because that is something that does not happen in crypto that often, that is why bitcoin is described as a very volatile asset, losing 10% in a single day is not something rare and we have experienced bigger drops just in the last days.