You are both fairly new here so it's understandable. There is a hardcore number of people here who are so utterly brainwashed that any drop is ALWAYS met with shouts of CHEAP COINS.Your mistake is believing these fuckwits know what they are talking about, they don't.
Unfortunately MatTheCat has gone full-retard and turned into the exact opposite of these fuckwits and he is now ironically doing the EXACT SAME THING.
The truth is somewhere in the middle. There is nothing to be gained by either of these two extremes.
Ok..I have checked your post history.....
Your last posts before today were 22nd June 2013, so you can't have been one of those who have been 'lol-ing' me all the way down from $1000, when I first stated that I was selling at a loss because I believed the market was going lower....much lower.
Last brutal correction, I caught sweetly. This one, I badly mistimed.
I am pissed off, and will reassess my position to Bitcoin when my mood straightens out. That Stochastic indicator in the image I posted however, is something I have had my eye on for a long time, back 24 hours even, when everything was still running to plan, my plan, of much lower prices to come, with me taking advantage of the bounces. That long term RSI is pointed vetically towards the floor. Sure it might pick up, but in light of everything that is surrounding Bitcoin at the moment; if there was ever a time that it was destined to hit the floor, which it has done many times before and with exceptional rigour right after a boom/bust, then that time lies straight ahead.
If it doesn't come to pass, I miss out on a little bit of upside and re-enter market at stabilisation point (lets face it, btc aint going 2 da moon again for quite some time). If it does come to pass, I miss out on a whole lot of downside and get presented with much sweeter buy-in opportunities.
