Hi all,
first of all my opinion about btc.
short term (days / weeks): undecided - bearish tendency
mid termn (months): bearish
longterm (years): bullish
So since I'm trading and hodling btc meanwhile it wouldn't make much sense to do all that thinking btc will die. So as already mentioned i try to accumulate as many btc as possible before the next bull run. I bought in when BTC was at 11900 $ and just try to outtrade the bear market.
However I believe that we have alot of consolidation ahead and I'm talking 12-18 months. Only when 95% of the traders have left the scene, not looking into their accounts because they dont want to feel the agony of being down 90%+ on most of their holdings - then the chances are good to see another cycle. Too many didnt deserve the huge gains they made and usualy the market takes it back.
While going down even more i think 3k is an area where i would even like to invest longterm and i will buy my kids 1 btc each on that price to hodl it for years.
Maybe we will see 8k or even 10k before going down further but i doubt we will go from here and never look back.
Additionally I think the whole cryptosphere is extremely shady and the recent bitfinex bitmex tether issues are making me puke - so yeah I'm also prepared to lose my btc's.
IF we really are at the low here I wouldn't mind either. Trading in a bull market is alot easier than in a bear market. Only my kids wouldnt have 1 btc
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LLG
so that was in october...basical short and mid term bearish was spot on ..but i couldn't capitalize on that.
i think we will see new lows and i plan to buy in then for long term. when we dropt to 3.15k i checked if i could purchase btc but it turned out that i got an issue with my coinbase acocunt which i used january 2018 first and last time. so i had to find another way which took 2 weeks to setup. but iam ready now. from 3k on i will try to buy in hoping for a panic drop well below 3k.
. reason for the exit was the hard decline after breaking out nicely like anticipated