Look at all the coins that have had 50, 60, 70+ increase yesterday, would you buy half of them because they are high. I don't think so.
In saying that I plan on investing on POWR but not while its the highest it has been, what goes up always pulls back a bit. Id rather fatten my BTC stack on some guaranteed rises then risk buying on a high 'like an expert'
Good points, just to stimulate some positive debate, I'll disagree from a certain angle. Yes I consider myself above average/pro/whatever (aka done very well, since 2013ish). I buy highs (lows too obviously), that are predictably or unpredictably going higher, and I scale exit anticipating dips, however tomorrows dips might not dip enough to match todays prices. This coin is a rarity, can't really be looked at as a universal pattern or what pros typically do or don't do every formula and %/variable change is different for everyone. This is more akin to a NEO/OMG/WALTON organic rise coupled with real world events and the bonues of no hype re stickers on skateboards or pre-announcing news for 3 days to stimulate said hype and be let down. This is is a pleasant surprise in our eco-system and I am not dollarCostAveraging at all on this one (already in heavy profit since that decision and scaled exits along the way to buy dips as stated above).
I don't believe the retracement/pullback is going to be lower than todays price and if so not by enough. The 10K sats psychological barrier has blown by, the $1 barrier is next, from there I think we're going to see momentum continue to go crazy. Could be totally wrong but as a random internet guy looking out for fellow investors best interests (who enjoy some risk and are ok if there is some loss), I wouldn't wait another second on this one.
Again, very interesting comments here! I now feel tempted to buy-in regardless of my fear. Im really not a pro or anything near it, so I just want to accumulate some knowledge here: what makes you think that it wont retrace more than the current price? Even with those new points of view, I stick to: nobody can predict the market! POWR could go way higher, but at the same time if speculators start to cash out weak hands will follow and can cause a crash. When and if this is goint to happen? Nobody can tell. But I've learned to respect the market the hard way. I will just see where it goes by putting tranches of my investment in there, day by day, and see where we are heading.