Quote from: heartastack on September 17, 2014, 08:30:15 AM

Quote from: yokosan on September 17, 2014, 06:36:54 AM

Quote from: Buo on September 17, 2014, 06:23:51 AM

I really hope so but at the moment I can't see the end of this dark tunnel...

I LOVE reading comments like this.

Anybody that has been through a Bitcoin bubble or two knows how different it is... the euphoria... the dreams of $10,000 within the next 2 weeks... it's absolute insanity.

During the bubble everybody wishes they bought lower... THIS is that lower... THIS is what it is like to buy BEFORE the bubble when you should have bought in...

Not so easy when you are actually here is it...? When the people are depressed... when they are worrying... the despair... but this is it...

You have to take a leap of faith... to go against the grain and to beat the rest of the market... because that is what you have to do. Every buyer has a seller and if you are to buy low and sell high you will have to outwit the people you are buying and selling from.

I am experiencing the euphoria right now because we have had good news after good news and price drop after price drop. The perfect storm for anybody looking for cheap coins with a chance at a bubble in the short term. It is so obvious to me that this can't keep up. At some point the market will turn, and when it does... when everybody else is buying... that's when I will be selling.

Whilst buy low sell high is good practise, don't confuse buying low with 'catching a falling knife' . The trend is your friend when managing risk.

Good way to put it. I've gotten used to buying bitcoins and expecting the price to go lower. But people who are more risk adverse than I should follow your advice and buy on solid up trends.