Quote from: PoolMinor on June 12, 2018, 10:00:04 PM

Quote from: JayJuanGee on June 12, 2018, 09:45:37 PM

I largely agree that Buy and HODL can be a very profitable strategy in bitcoin; however, I personally believe that skimming a little bit on the way up is a more prudent strategy to insure yourself from some of the downside risk and to psychologically help during the likely inevitable weak hands shaking out periods that can last much longer than expected.

On the hand, I get a little bit perturbed by toknormal and some of his ilk who seem to be suggesting a kind of downside inevitability that likely scares folks into making bad decisions by either selling or failing to buy... They have been so wrong in the past, too, but still they like to spin their more downside TA theories without really acknowledging how frequently they have been wrong in the past and failing to account for the exponential price s-curve dynamics that could cause their TA to fail to account for their projected TA dip not to materialize in the real world.

I believe this is the last drop before the next bull run. Be careful though, the next bull run will likely end just as quick as it began. My immediate forecast is a doubling from the current price over the next 37 days. Followed by a 6-8 month decline that resembles 2014-2015.
But I seem to be correct only 53% of the time unless you count the last 3 predictions. April 6, Mid-May, and June 10.

https://bitcointalk.org/index.php?topic=178336.msg37618728#msg37618728 if you quote it, you will see the message after the last period.

Aren't these exact date specific predictions just stabs in the dark anyhow? Why does it matter, and who really cares if you happen to get the prediction right or not?

Of course, there are various methods to attempt to trade these kinds of price points, but isn't a more blind method better in terms of how much time and psychology is saved from employing something that works no matter the price direction and the extreme movements that have decent chances of being wrong and creating more unnecessary stress?

Yes, I understand that some folks like to gamble, so I suppose to each his own in that regard. Personally, I get much more comfort from attempting to employ a strategy that aims to lessen the gambling component, to the extent feasible and reasonable.