Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Ludwig Von
on 12/06/2018, 21:16:34 UTC


2) regarding running out of fiat. I kind of understand that position, but I don't think that it is a good practice to run out of fiat... If there is any cash flow coming in, then that fiat can be saved.. just in case there is more dip... On the other hand, there could be some luck that this largely $6500 support will hold or at least support at $6k will hold.. I tentatively believe the odds are a bit less than 50/50 for holding... but as we all know, we have already had about 3 or perhaps 4 tests of this price arena... and support does seem to be pretty strong around this area... which kind of makes the breaking of support scenario to be a bit more scary, if it were to happen.  Personally, I would rather NOT have to use any more of my fiat to continue to buy BTC on the way down.. so I would be perfectly happy with this price area holding.  Currently, I have pretty solid buy orders down to about $4k, but I would likely have to scramble if prices were to go below $4k to think about and to consider how to set up my buy orders with the current fiat reserves that I have.  Probably, I am not going to set up those buy orders until the price goes below $6k (that is if it does go below $6k.. so, certainly, I am in a kind of "compelled to watch" position right now.. and nervous for me an likely a lot of peeps - understandably especially for those who have already completely run out of fiat).

I learn a lot from you JJG, but as every apprentice I do make mistakes.  Hoping to not repeat them, which is the hard part!