Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
oda.krell
on 21/06/2014, 12:40:55 UTC
The real weak hands are those who fantasize about some imminent 10k bubble looking at retarded exp log chart trendlines and then dump when inevitably it becomes blatantly obvious that their inflated expectations were wrong.

Agreed, mostly.

I'd say having any kind of "unwavering" assumption about where price will go is a necessary condition to be a weak hand. Not sufficient yet, because some hold such beliefs, but have the (dubious) character strength to sit out deviations from that expectation without panicking. "Dubious" because they might eventually pay for it.

I aim to be largely agnostic about the far away price. I gladly acknowledge growth so far was spectacular, but there's no guarantee it'll go on like in the past. If you plan to trade , you should neither resist the observation (and the necessary conclusions)  when  price goes up, nor when it goes down.