Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Following up on the most stupid bearish move made to date:
You can call me stupid, but being bearish in a bull market usually doesn't pay out, imho.
That's all, have a nice day, i'm going to work now, doing things very similar to what Phil did in the videos, while the war against Buddy silently rages on
You can call me stupid, but being bearish in a bull market usually doesn't pay out, imho.
That's all, have a nice day, i'm going to work now, doing things very similar to what Phil did in the videos, while the war against Buddy silently rages on
I was going to act like you did not say that, but I couldn't help my lil selfie.
From my point of view selling at whatever price because you need the money, that is fine, and sure sometimes we might even trim off a few percentages of our stack.
However, selling to buy back cheaper those are rookie moves, whether we have reached over accumulation status or not.
Sure if you have reached over accumulation status, you have more liberty to throw away money, but still there really seems to be no need for that.
I know there are some guys in these here parts who do believe (and practice) selling to buy back cheaper, and there may be a few who end up getting lucky with such a strategy, yet it does not seem like a good mindset... even though last time I checked we live in a free world when it comes to our choices of how to allocate to bitcoin and the extent to which we are buying, selling or HODLing it.
Jay, you might have got me wrong on this.
What i was trying to say was like it's not a good idea to bet on downity in an upity movement (from a moderately zoomed out point of view).
I think you agree with me on that.