Looks like that 2k dip was a try to force panic sell but it ain't work ^^
We will see, as I stupidly bought at 685 I have to hodl through this.
We are at the same buy-in price point..... I am NOT too worried - even though I was expecting to be in the $750 to $850 price range about now-ish....
It is just a matter of time before we are back in the black.... anywhere between a day and 2 months... - hopefully, it will NOT take 2 months to get back in the black, though....
i'm thinking about buying more soon
don't wanna miss a good flash crash, I also think this downward trend is very temporary
WE are considering this downward BTC price similarly, me thinks..... At this point, my next buy point would be at $590 or below. if the price gets there and stays there long enough for me to pull the trigger. In spite of some of this recent discussion about the lack of fiat on the seeable books, I continue to have my doubts about getting to those below $590 levels for any sustained length of time - even though i have been surprised before.
theres not a half bad chance that poeple will start selling because price is low, price inchies lower and lower, poeple get discouraged and sell at the bottom.
I did this a long time ago....
not about to make this mistake again
Learning from mistakes.... YES... .Hopefully we can all accomplish such, at some point.
I believe that it can be fairly tempting and easy to make BTC trading mistakes - b/c we begin to see a pattern of ups and downs in the BTC price and by the time we think we have the pattern figured out, a whale manipulates in one direction or another - that kind of manipulation can be totally outside of predictability (especially for non-sophisticated traders) b/c the whale or fairly small group is deciding in their own head(s) exactly when to push in one direction or another - and actually the push could go either way.. but they decide based on their ability to put up walls.
If I had NOT made a few of these kinds of attempted pattern recognition trading mistakes, my average BTC buy-in price would have been in the $650 range rather than its current $685 range.
The temptation remains, though, b/c it remains very attractive, if an investor could predict a 10 or 20% downtrend with certainty, then his average buy in price could be reduced by a similar percentage is he were to go balls to the walls into such a prediction.... Usually, I am too scared (or possibly too inexperienced in that kind of methodology) to be a balls to the walls kind of investor.
