Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Pretty soon everyone will realize that even $300 is a very likely level of stability, if not mid-200s. The sooner everyone realizes that there's just no basis for this valuation (or the capital in-flights to support it), the better.
Yes, it truly is as if nobody would be able to see more than a few days into the future, and that the price today would have no correlation to expectations of long term value (and only be a product of buying and selling pressure in a given day, in exchanges that lack liquidity).
It is somewhat irritating in the short term but gives an opportunity in the next bubble. I might aim to increase my number of coins not by the usual 10-20% but by 50% with a little more aggressive play. Is anyone with me? PPT?
Why would you be irritated by this? Assuming you have full faith...
Irritating is the current situation. But that is a human emotion. The longer time down, the higher up it goes afterwards (coins exclusively in very strong hands).
Full faith is something that you should not attribute to any investment. Trust in God alone.
Waiting for "this long" I mean several months, maybe close to a year - is something so irritating that I am thinking of rewarding myself with 50% more coins instead of 10-20% when the next opportunity comes.