As a promo i will post the last few bitmovements sent out to membersHere I outline some support levels, and draw an arbitrary trendline. Its impossible for me to know where bitcoin will go in the future, all i can do is look at the limited information available and speculate!
I believe the run up is justified because I honestly believe the bitcoin user base is growing at a phenomenal rate. Bitcoin has recently made the front pages of major news papers around the world, and news articles discussing bitcoin are being published every second of everyday it seems. I dont expect the growth to stop anytime soon.
I believe its rocky trading right now, because poeple holding 10,000% profits are taking some profits off the table and getting rich because rich poeple are buying up all their coins.
this wont last long, and the rich poeple will win, sure in the next few weeks we could drop as low as 400$ but that's doesn't mean bitcoin won't ever go up again. I see Massive support on ever spike down, this leads me to believe that once this profit taking period is over, the market will rise again, probably at an even faster rate! and to a new level of Crazy.
I truly and honestly believe this. and so I cannot advise selling even if its look like you could possibly get some 10-30% by selling now and buying lower. I know from experience that selling high and buying low is MUCH harder than you would expect. The truth is A LOT of poeple selling expecting bitcoin to go WAY WAY lower then it actually will, and they don't really want to sell they want to get more bitcoin, their greed will have them on the side lines with a shit ton of money, waiting for what may never come, and when they see the error of their ways they will probably
panic and dump all that money back into bitcoin higher then they sold.
try to beat the market and the market will beat you!
BUY AND HOLD!
BUY AND HOLD!
BUY AND HOLD!
BUY AND HOLD!
I cannot stress this enough.
Awesome service.
BitMovements always let's me know when the squiggly line is going up and down. AAA+ Service, without adamstgBit, I wouldn't be able to make money for my lord and master.
Hail Satan!
I don't really know what the price is going to do next, no one does. I throw up a chart draw a line or 2, and talk about the action and my current position...
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