Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
jaredboice
on 02/10/2014, 17:57:48 UTC
Good lord, are we ever going to find the fkn bottom of this market?  Or just continue to slide $10/week ad infinum?

Unbelievable this crap.


Why is this so unbelievable?
I dont understand why people are so surprised about that. BTCUSD is down about 70% from its high. It is a bear market.

It's always better to follow unbiased technical chart analysis versus letting your emotions "bitcoin love" guide your investment or trading.

I love bitcoin , too. But I have 0 bitcoins right now.


I have to call you out on this.  You have zero bitcoins?  Yet you love Bitcoin?  Sorry I don't buy it.  Anyone who actually loves bitcoin understands bitcoin.  Anyone who understands bitcoin knows that you can't always trust technical analysis due to unforeseen events. Even if you were a perfect chart analyst I don't buy it. 
If there is an unforeseen event he'll have time to buy back in. Risk/reward.



"Time to buy back in" is highly subjective.  With bitcoin's moves, you could lose 20% in only an hour's time.