Quote from: Phil_S on November 25, 2019, 04:59:38 PM

Quote from: JSRAW on November 25, 2019, 03:40:30 PM

Quote from: Phil_S on November 25, 2019, 11:00:42 AM

Someone woke up and started to abuse the buy button.

Yo bro, no competition. We are going to lose next month anyway Grin

Who know, who knows... anything might happen in a month. Cheesy

"Anything" within reason, no? Seems that the odds for up are becoming a bit greater than the odds for down, but then again, I sometimes am a bit torn too when I see how much negative sentiment is out there in mainstream information circles. That is not exactly a new thing in bitcoinlandia, but of course, there are going to be attempts at trying to keep the momentum going down while it is going down, and surely there still could be some needs to purge some of the shit coins. To me it seems that any little bounce in bitcoin also causes a bounce in shitcoins, which is not really a healthy sign, because many of us realize that shitcoins are called shitcoins for a reason... and at the same time, we cannot really rule out that a decent number of them might come again on the next upwards bitcoin ride.

Never say never in bitcoinland, but going below $4,500 might be a place where I might convert into thoughts that we entered a bear market.

Of course, my personal strategies are not really going to change very much, but my existent buy orders only go down to about mid-$3,000s so I would surely need to start reorganizing a bit, if it appears that BTC prices might even get into the mid-$5ks. No one should be waiting until the last minute to plan for things, even if the odds of them happening seem to be quite far off, but if we get close to mid$5ks I am going to have to take some measures to engage in some restructuring of what is left of whatever cash I have left for trading, including considering the extent to which I can garner any new monies to bring in... or would I merely go into a HODL strategy, and surely those are all considerations - because none of us really would want to NOT be able to take advantage of possible buying opportunities even if we may have a feeling that we have already exhausted most of our dry powder already even before the price even gets close to the mid-$5ks. That kind of was the case for me in late 2018, when we kept visiting lower $6ks over and over and over, it seems that I had kind of banked on $6k being pretty damned close to the then local bottom.. which subsequently, we found out was NOT the case.. then some scrambling has to take place to attempt to take advantage of a situation that many of us reasonably had concluded was NOT likely at all to happen.. but then all of a sudden, we were there. Fuck.