Quote from: maker88 on June 10, 2014, 12:17:48 PM

Quote from: noob2001 on June 10, 2014, 11:37:20 AM

Time to buy.

the Mat the cat contrarian indicator has switched! buy buy buy buy!

Yes when he admitted he only held ~13 btc I remember thinking , "why bother?".

Mat you are churning in and out of btc so often you are bound to lose. You must recognise that where the price goes from here short term is simply a guess, a toss of a coin, which incidentally you just have to react to.

The market cannot be predicted with a chart or TA by you in a way which will deliver consistent returns or more importantly beat a buy and hold position.

Just imagine how more productively you could have spent your time if you had bought, held and simply .. waited for time to pass!

If I were you I would buy back in, wait a year for btc to do its thing, then play wall st trader with a fraction of your gains. Yes it is still gambling that the bull market will continue, but you must have a a belief in bitcoin to still be here right?

Either way keep us informed Wink