Quote from: exstasie on October 09, 2018, 11:58:57 PM

Quote from: cellard on October 08, 2018, 06:23:24 PM

It's going to be a thought decisions for these still sitting on the fence holding their fiat wanting to get a good position in bitcoin.

They have to either keep waiting and pray that the now mythical $5.5k ish resistance line gets broken and buy the dip, or don't do so and miss the boat as the final dip could have already been played, which would lead us to a couple of months of a stable price similar to how we were at $150-300ish for months then we exploded back to ATH, and once we hit ATH, we went x10 there, so next time could be 6 figures time. Do you really want to miss that trying to time a perfect bottom? I wouldn't so I would buy now and have a strong hand.

Patience is a virtue. I think it's pretty reasonable for people to wait for signs of an uptrend before buying in. We could certainly fall out the bottom of this range and find ourselves with an opportunity to buy at half the price. To each his own.

I also think we have a longer term "quiet" period ahead of us before the next bull run to all time highs. (Like 2015-2016)

Well, every time the tumble happens, those fence-sitters must be counting their lucky stars for having the patience to wait. And every tumble, they're probably thinking they were wise to wait.

I'm with those who think this tumble and clamber will keep continuing in spasmodic cycles, I'd been prepared even in 2017 to run the marathon, and only use 2020 as a time to take fresh considerations. So, it's likely those waiting now will keep on waiting, at least until the year's lows so far are retested.

But all it takes is for one clamber to break a level, and then another to reclaim old heights, and then all those sitting on the fence jump back down to get in before it's "too late". As people've pointed out, if you believe in the long run, then it doesn't matter at all if you get in now at 6k, or at a new low of 5k. A 1k difference when Bitcoin records new ATHs? Ridiculous "savings".