I've been panic buying every deep dip and panic hodling in between since early 2013. It's become an obsession.
It's started to interfere with things in my life like mindless consumerism, squandering, poverty, etc. I feel I'm not doing my part to help transnational corporations and name-brand advertisers.
All that money I could have spent on trinkets and status symbols dumped into that bottomless pit called a Bitcoin stash.
What do I have to show for it? A few dozen QR codes and a tiny little USB dongle? Oh the shame.
Buy a dip today! Then buy a lambo tomorrow!
OMFG!!!... So much good posts to reply too!!!
a) 6800$ (bearish)!
b) 7400$ (conservative)!
c) 8100$ (bullish)!
pick one!
I consider only C to be correct. The other two assertions are not correct.
We have the next likely resistance points in the $6800 to $7800 range, so if we go to $8100 that woudl be bullish and would have likely broken through the likely resistance range.
Conservative would be prices going in the lower end of the range or not quite making the range.
It is difficult to imagine exactly what is bearish - since we are already into amazing price territories - but I would think that bearish would be to experience another correction here that goes beyond 60%.
Since we have quite a bit of ongoing upwards price pressures and recently having had broken through $6k, it seems to me to be quite against the odds to even have a 10% price correction - without some major FUDding. Also, even though I believe that BTG is not driving this run, except perhaps on the margins, any 10% or more correction would be more likely to occur after the Oct. 25 forkening, no?
For 7500$ ... the correction would be at 5200$ < > 5700$.