I am just trying to offer technical analysis to help people making informed bitcoin trading decisions .
typically , this forum is biased with UP UP UP talks (see Bruce ...)
and it is important to also show some balanced views.
some people could protect their savings if they sold before.
Personally, I do not have any interest in falling bitcoin prices, I would prefer rising bitcoin prices. But it is important to leave emotions aside when investing / trading.
typically , this forum is biased with UP UP UP talks (see Bruce ...)
and it is important to also show some balanced views.
some people could protect their savings if they sold before.
Personally, I do not have any interest in falling bitcoin prices, I would prefer rising bitcoin prices. But it is important to leave emotions aside when investing / trading.
Yes well reality sucks for people when the trend is opposite their expectation.
Technically we could easily go under $1.00. It will be very interesting to see how many keep mining as we drop here. The trend is definitely down.
I will now be mining at a loss but I will keep mining. I'm in this for the long haul and will accept the "investment cost" of electricity. When I was buying silver I was parting with cash and now the metal just sits there for future use. The risk is MUCH higher for the BTC though.
Your analysis is appreciated.