Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 25/06/2019, 15:13:25 UTC
You will end up praying that the crash from $70-$100k takes us back below $20k to buy back in. Smiley We're at $11k with next-to-zero FOMO.
LOL, I think people already FOMOed with bitcoin, around $11,000. Nearly 7 months of bull run, that is too long and bitcoin has gone very far from its start. I could be wrong but I will keep my principle to stay away from FOMO, and keep my patience to be safe and have better chances. Months ago, no one believed that bitcoin would even drop to $6,000, but it actually dropped deeper than that range. From now on, I will keep waiting (taking profits of rest of my bitcoin, and waiting for chances to buy back).

In essence, who knows?  Hopefully, for your own good you did not overplay your hand with too much: 1) valuing your wealth in fiat and 2) lack of confidence in bitcoin and/or understanding that bitcoin is likely in an s-curve exponential up phase.

Yes, significant and meaningful BTC price corrections can still happen, but they are not guaranteed, so the larger your expectations in terms of a correction, the greater gamble you are taking regarding preparing ur selfie for up.