There might be a bounce up to $120-125, but I sold out the last of the little I had at 105.
Did cost me about 20% of my meager holdings, but I think FIAT is the safest atm. Have put in buy orders at 80-90 though, because I think it might linger in the $100 area before heading further down.
That's the kind of thinking which got us in the economic mess in the first place. You have to learn that there are players out there which prey on that strategy. It's called a stop-loss. While this tactics may make sense in an isolated case, it's a mechanism for them to scare you into giving up your BTC. It's similar to how the banks profit from engineered market crashes. Did cost me about 20% of my meager holdings, but I think FIAT is the safest atm. Have put in buy orders at 80-90 though, because I think it might linger in the $100 area before heading further down.
please let me make this clear:
PEOPLE! Stop playing the games you're not good at. If you're not a trading expert, invest only the money you have set aside for hedging with bitcoin and use PRICE-INDEPENDENT CRITERIA to determine whether to sell or buy (like paying utility bills or having spare USD liquidity). Otherwise you set yourself up for a game in which you have inherently the weaker hand.
