Topic: Could boring be good? (Read 1321 times)
I learned a valuable lesson about shaking foundations and low volume.
And in marine biology we learned about the Starfish....
I learned a valuable lesson about shaking foundations and low volume.
I used this time to move my standing buy orders WAY down. If we spike up a dollar after this calm, I have other coins and I win. If we spike down a dollar, I want more coins because I don't believe it will stay down for long.
Don't take this as advice. I'm working with like $120.
Don't take this as advice. I'm working with like $120.
Yep, thinking along the same lines.
The way the +dollar crash / spikes have been happening, you could wake up to find your Buy orders filled with a 25% price increase.
I should have started a betting pool on how low the next knife would go. The questions now are probably "When will it move back to the $6.20 range?" and "Will it overshoot on the way?".
I used this time to move my standing buy orders WAY down. If we spike up a dollar after this calm, I have other coins and I win. If we spike down a dollar, I want more coins because I don't believe it will stay down for long.
Don't take this as advice. I'm working with like $120.
Don't take this as advice. I'm working with like $120.
Yep, thinking along the same lines.
The way the +dollar crash / spikes have been happening, you could wake up to find your Buy orders filled with a 25% price increase.
Short term no, long term yes
I used this time to move my standing buy orders WAY down. If we spike up a dollar after this calm, I have other coins and I win. If we spike down a dollar, I want more coins because I don't believe it will stay down for long.
Don't take this as advice. I'm working with like $120.
Don't take this as advice. I'm working with like $120.
Well... the bid price support has been increasing in a somewhat linear way. Who knows if that means anything.
Boring is only good because it means something big is about to happen.
This reminds me of the dreary week leading up to December 19, 2011.
Except there's no bullish wedge this time.
I know that it's a lot more exciting to day trade with volatility... but if there is long term price stability in BTC, wouldn't that kind of help aide in it's adoption in the larger marketplace?
I mean... anyone counting on a BTC -> oz gold equivalency is going to need a shit freakin ton more value in the BTC economy to accomplish.
I mean... anyone counting on a BTC -> oz gold equivalency is going to need a shit freakin ton more value in the BTC economy to accomplish.
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