Quote from: plainsight on September 26, 2019, 11:49:03 AM

Fear and Greed sentiment indicator is showing a lot of fear....

Yep, which is why there's been so much selling as of late. Not sure what the fear is about, but there's been a lot of talk on the forum about an impending financial crisis and so forth, so perhaps the big-money players know something the rest of us don't. And precious metals have been inching upward, which is usually a sign that bad times are coming.

But despite that, it could just be the usual volatility for bitcoin--this has *only* been about a 20% drop we've seen, though it did happen very quickly. It could have been worse and might yet be, but none of us know. I do think bitcoin is going to rebound, however, and I also think this is an excellent buying opportunity for those who have strong stomachs. I've done all the buying I'm going to do for a while, and it hasn't been that much. But I do believe in bitcoin and think it'll get back above $10k fairly soon. For now I'm just hodling.

Quote from: legendster on September 29, 2019, 09:54:45 AM

I am a big advocate of monthly SIPs but it is important to remember, even if you invest in a SIP format, your investment won't be safe in the crypto market for long.

In crypto? I'm familiar with SIPs in the stock market but not with bitcoin--I'm sure you can do it, but man....you have to have some serious risk tolerance to do that, and it would help if you're young and can recover if you lose everything.