We’re getting there. The leveraged longs are getting crushed and people are starting to panic. I imagine the selling to cover taxes from the mtgox distribution is nearly over. Maybe another month. From there it should be good times until more forced tax selling come April. Close your eyes for the next month if you didn’t sell at $70K and if you did sell at $70K in preparation for mtgox and you missed the $49K bottom, cross your fingers for a second chance.
Second chance for selling?
Wow just wow..
You really seem to be fiat-focused, and looking at 20% to 30% BTC price differences as if they were meaningful in the whole scheme of things. I have my doubts about traders being able to get ahead in these matters, as compared to someone who just accumulates and/or HODLs rather than getting worked up in a belief to be able to trade these kinds of price ranges.
Second chance for buying the bottom. I was speaking to the people who listened to me and sold at $70K pre-mtgox.
You seem in complete denial. While I constantly push diversification (because I’m not a moron) I am still irresponsibly long on Bitcoin. I’m sorry if you just took a 30% haircut on the value of your BTC. I didn’t. I own more Bitcoin now than I have in 6 years. I also have more stock and more cash. That’s how it’s done. If you aren’t sitting on personal all time highs in Bitcoin, real estate, stocks, and cash, maybe you should stop commenting on what I’m doing and worry about yourself.