I know I was willing the price to come down a bit so I could buy more Cheap Coins
TM but I've caught too many falling knives already since this drop started.... if this thing doesn't stop falling soon I will be in the red
Sometimes you don't want your wish to come true.. because once it goes in a certain direction, it can be difficult to get it to stop...
You got that right.
Not a good idea to buy when its dumping ... duh. This isn't a dip this is a friggen DUMP.
I agree, but you don't really know when it is going to stop, even when it is quite ongoing like it is right now, unless you happen to be somehow involved in the manipulation with a large number of coins and/or dollars on various exchanges.
The first dump from two days ago from $1,080 down to $880, was a bit more clear.. I mean I may have been a bit late, but my bitcoin alarm went off, and then I saw the extreme nature of it, so I began to cancel my buy orders as fast as I could all the way into the $700s. It was a bit more obvious, and then it seemed to be kind of traditional and contained, and I decided to attempt to buy towards the bottom of that. I could buy with the money that I saved from canceling my many orders. So even though I had a couple of technical difficulties, I was able to buy a pretty decent chunk.. This second dump is a bit more difficult to know when it is going to stop.. so a little difficult to step away, exactly.. Sure we each have differing strategies to cope with it and to attempt to either protect our holdings or to wait it out.