Very foolish and risky decision as a trader to buy on All Time High price! A crash always follows the high, now's the silence before the storm.
I've made over $1000 in BTC by playing a game I call "buy the all time high".
It goes like this:
1. When you hit an all time high, buy.
2. Place a tight stop to limit potential losses to a few percent.
3. Wait 5-10% depending on how fast it is moving.
4. Sell to recover initial investment.
Since I'm only doing this with $200-300 order sizes, the dip would have to be 300-500% to wipe out my profits from this "foolish" endeavor. But if somebody is willing to pay me to take their bitcoins, I gladly take the loss and scoop up as many coins as I can carry.
