Scooped more up at .00082 yesterday. I am very patient.
Anyone who was able to buy @ ~.0008, but didn't, needs a lesson in Risk/Reward calculations.
Interesting statement. Care to elaborate?
Sure.
Entering any trade is essentially an individuals judgement of the value of what he/she has just bought, together with what the perceived value it should be, according to that individual. How does anyone perceive what 'value' is at a given time? Thats a subjective question with many results, which is good, or we would have a very flat and boring market, with no opportunities. Whatever strategies or techniques you employ, it cannot be based on emotion.
Anybody who has had the briefest experience of established market trading, will know that emotion destroys all the think processes you need to judge a given share/future/option etc. And thats my point. The adolescents here either need to either log off and choose their favorite toy to play with, on this fine Saturday (here anyway), OR realize they may not know anywhere near enough to 'survive' these kind of markets, and get a fucking education, or i WILL take your
BTC, and you WILL buy mine, and you WILL lose. Sorry, that's what i see, because that's what happened.
So i repeat my previous post, as something to consider. Sentiment @ ~.0008 was nicely positive. It was an accepted level of value at that time, without knowing any details of the NDA, and knowing we had the Avalon/s and chips coming. There were some people who it seemed could not put together what AMC was trying to achieve, and i would accept that as understandable to some extent, but this recent news sets out a reasonably detailed plan, that should provide some kind of vision to price against.
Whats the value today? You decide, but make sure you have arrived at a figure that is based on reasoned thinking, and not correlated to the amount of adrenalin rushing through your ignorant veins. Whatever the value is, its definitely more than .0008 of anyone's money (currently ~.00130).
Disclaimer: I DO NOT offer advice, only considerations.
Emotion destroys the think processes that you need to judge a given share/future/option. I agree wholeheartedly.
That is, IF you have these think processes in the first place. The majority of the people here are not investors in the real world and do not have an investor mindset. Which means, they are highly affected by emotions, group dynamics etc.
The effect of those people basically buying any security that comes onto the virtual currency "market" is amplified by the fact that many of them bought BTC when prices were higher and now feel an urge to invest and "get back their losses" asap through dividends etc.
But that has not much to do with the valuation of a security, i.e. it being "cheap" at .0008. My point being, most of the people do not care about valuation because they don't evaluate the security to begin with.
