There is no spoon.
There was no cup (go read investopedia again about what exactly is a cup with handle, this was no cup by any measure).
Disclaimer: this is NOT an investment advice. Therefore if things happen differently do not come back and tell I was wrong. I am only presenting what is a possible outlook based on the best of my current market knowledge as well as peer opinions.
This is by no means a prediction that intends to be 100% accurate.
The intent is to get some feedback.
There are chances that BTC will be going to 550 soon, then bounce to around 600, then dip again to around 480.
All within the next 2 weeks.
There is the possibility that the 2 next weeks be bearish for UTC as well as every other alt, so don't be afraid to hold, baghold and switch off your computer if you're afraid you could panic sell.
Everything will come to an end, then up again and for the better.
One word: HOLD.
No one needs to sell at a loss, no one.
This is SO important. The BTC price is a bellweather for the alt coin market.
[Same disclaimer as above]
I happen to like your comments and positive energy. Keep up doing what you are doing so well because we'll probably be going downer and downer until there are tears and blood in the streets.
Capitulation has not happened yet, do not forget this. So the best course of events is not to be at 100% in coins. Keep at least 50% fiat for when everybody will talk about suicide, divorce, repossessions etc. etc. This could take as long as 2 more months.
Until then: do not touch any of your cash and do not sell any of your coins.
HOLD!
Honestly.... I was a bit disappointed that BigVern screwed us, instead of two coins he added four new coins.
So we did not hade to invest so much BTC for buying votes. But getting screwed is some times part of life.
Also I am a bit disappointed by the start of our coin at Cryptsy and the price were it is now....
But, and there is always the but: I still believe in UTC.
I am a so cold bag holder and have more than +100K of UTC in my bag.
Till this very moment I did dent sell any of my coins. Not one of them.... I
refuse to sell under $1,50 or more.
And if there will be any good moment that its time to sell I wont will dump the market at once because I also believe that UTC will reach $3 or $4, so I will spread selling my coins about different selling moments...
Quote:
"...There is the possibility that the 2 next weeks be bearish for UTC as well as every other alt, so don't be afraid to hold, bag hold and switch off your computer if you're afraid you could panic sell..." I agree whit this quote. The next two weeks or even the next four or eight weeks I keep my +100K wallet firmly closed if needed !
SO TO EVERYBODY !
WAIT JUST A LITTLE MORE..... DONT SELL !
JUST HOLD !
On my side I plan not to sell anything before next summer or whenever next BTC ATH will happen.
Until then I will baghold no matter what except if a very very good good opportunity shows up (like a sudden $10-15 spike but this is so unlikely...).
And of course I expect to buy back enormous quantities when capitulation occurs because 100k UTC might be extremely cheap...
And I am resolute to baghold for as long as 1 or 2 years if needs be because those are mined and bought on the cheap coins.
I do not have as many UTC as you but I plan to acquire much, much more if possible.
The investment is not so considerable that my life would depend on it and could turn out to be a very good gamble if UTC realizes its potential.
Then I'd stay in UTC anyway because there would be no point in leaving.
So it's definitely a risk worth taking, and now is the time to do it.