Post
Topic
Board Speculation
Re: I give up
by
r34tr783tr78
on 05/05/2014, 08:53:51 UTC
I bet there are some people reading you, hodlers, and thinking "Hold now for me the bitcoins you are going to sell to me at 251 or, perhaps, much lower, after you wake up too late of your bitcoin fairytale"
But I'm going to write only that on a market, keeping the same opinion no matter what happens, no matter how many support levels are breached, is a dangerous perspective. Sharks love people with fixed ideas. Usually, they only change them on the wrong moment.
And if you, my dear reader, think that by writing this I'm hoping to influence the price down, you must be thinking that I have you in high regard (as a bitcoin big whale) and that I have my words on an even higher regard. I don't. We are what we are and words rarely change our behaviour. I'm just criticizing the perspective. Holding if the 380 and the 339 gets breached is a serious mistake. Will they be breached? I don't know! I just know we are on a bearish trend and there is a serious risk that this will happen.
Like you, I do believe in bitcoin on the long term. I just don't believe most hodlers will sustain the pressure if this slow motion ends and we start seeing big moves on the wrong direction. So, they are going to sell too late.