Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
My money finally cleared, I'm curious to know what you guys would do at this moment if you were in my shoes.
I was planning on just sitting this one out, I'm still paying interest on the money I borrowed to buy that last dip, but when we broke down below 400 on virtex I also broke down and tried to get some money in.
That money has finally landed at the exchange. I was planning on using half to just buy whatever I could immediately and then set a tranche down to 300 with the rest, but I was also planning on the money arriving on Monday...
mostly just wondering what you guys would do right now.
The first rule of Bitcoin is we don't invest more than we can afford to lose! I was planning on just sitting this one out, I'm still paying interest on the money I borrowed to buy that last dip, but when we broke down below 400 on virtex I also broke down and tried to get some money in.
That money has finally landed at the exchange. I was planning on using half to just buy whatever I could immediately and then set a tranche down to 300 with the rest, but I was also planning on the money arriving on Monday...
mostly just wondering what you guys would do right now.
Call me lucky, I got a few coins just above 400 on the cavertex dip last week and my second deposit cleared the following Monday.
I haven't sold yet, and my seconds deposit will be used to support the $350 if we trend down, and buy in at 660 if we are trending up after 30 days.
If you want my advice and I'd calculate the cost of the having money on the exchange for the next 4 months then write it off. Then I'd play it safe on trading swings where you are comfortable.
A bubble could form within a month or two, or if trade volume subsides we maybe as long as 6-12 months. I've invested a little of that cheep coin in alt, and think we may have growth there before we see it a boom in Bitcoin. (the "smart" money is sounding too confident in my view to see an early boom, I think it is the big of exchange hoarders who are the ones who have to release some liquidity before we drink Campaign)
Thanks dude. I always adhere strictly to the first rule, but it does bear repeating
