I think if someone tends to selling btc now is the same as buying between 18,000 - 20,000$.
RSI is now near the
oversold levels and showing some
indication of reversal, so what do you waiting for..just grab some btc now and thank me later
All of the standard indicators that you have access to with commercial trading tools are going to be largely useless. After all, the people who create those types of indicators already have them priced in whilst also having much more sophisticated algorithms to raze down the hordes of people that use the publicly available indicators.
Yeah right....
Do you really believe what you are saying? The "sophisticated players" know based on more sophisticated tools that are going to tell them? Right.
wow btc really hit usd$5900...
Yes, and I really am not convinced by the reaction from support on this dump. I suspect that we may see another test for lower.
There are numerous bets in the altcoin market that are more sensible than betting on Bitcoin in the very short term.
You have all the talking points to get people to get into gambling on alts rather than sticking with BTC... What a shit show to rely on getting into alts in order to "save one's BTC investment portfolio"?
Especially since you can swing back into BTC once the trend finally reverses and thus increase your stash from multiple sources.
Sounds pretty risky to put money from a good investment into a bad one.... just to hope for better returns and to get money back into the good investment before the bad investment blows up (I mean blows down)?
Still wouldn't move my cold storage corns around though, that train left in winter.
If you would not move your cold storage BTC, then why fuck around with the alts at all? like some kind of crap shoot?
If we actually near $3-4k territory I'll probably be liquidating some of my hardware and/or equity though for extra corn though.
Actually, I agree with this point, that another "low" price that comes anywhere near 50% further from here would seem to be a pretty strong buying point, and could even justify employing some kind of leverage (yard sales, anyone?) I hope that such price point does not happen, but the longer that rallies continue to fail to resume BTC UP, then the greater the chances become that there is sufficient BTC DOWN price momentum building and shaking out additional weak hands (when we might have previously concluded that there were no more "weak hands" to shake out).