Re: Using candlesticks to determine Bitcoin direction

Quote from: Wilhelm on April 20, 2014, 01:22:33 PM

Quote from: BitchicksHusband on April 20, 2014, 01:14:43 PM

Quote

this has worked for me in forext markets, and am sure it can work with the bitcoin

Repeat after me:

Bitcoin is NOT a stock.
Bitcoin is NOT forex.

Here is what will happen:

1. Bitcoin will get to $700
2. You will sell
3. Bitcoin will go to da moon ($2500-$5000)
4. You miss it because you sold at $700

Buy and HODL.

Don't say we didn't warn you.

+1

You sell, bitcoin goes up
You buy, bitcoin goes down

Ergo: HODL!

So as far as we know this, just HOLD and start thinking about it when it's at least double. Why people panic so much about the price.. We all here to invest in what we believe.