I don't see any cheap coins yet, not even at Bitstamp.
Right, i expected this answer. Because this is the standard answer i get everytime when i ask that question.
Bitcoin goes down, people here are extremely happy and scream about cheap coins, you ask them how much they bought, they tell you they're not buying yet.
There has been a lot of good advice about the price around here lately. Rampion posted some good information. I was a bit behind him in picking up on it but once I did I posted till no tomorrow the charts and what I saw. I actually called it pretty damn accurately. I just wish I would have gotten out at $130 when I first suspected things and not at $107. Anyway, thanks to Rampion for making me look deeper. One has to separate their feelings
here, at least to a degree.
Anyway, going forward, we've mentioned the resistance levels. Low 90's first, but I would be very very careful there as the 100 barrier is broken and that is a big psychological thing. Next is around $82, roughly. Then I have $68, $60, low $50's, then $20's. But this isn't in stone. You have to watch the volume and see how the price is affecting things on the charts.
I'm super bullish about BTC, like most of us here, but when we see the charts clearly saying down, don't fight the feeling...
I'll sacrifice some profit (though BTC isn't really about that primarily for me), in order to be a bit more certain of getting in at the right time.
Thank you for your word IAS, I also enjoy your posts and I love your enthusiasm, being a Bitcoin enthusiast myself. It comforts me that you find yourself agreeing with me in some occasions, half of the time I'm just having fun and I realize i border line the trolling, but at the end of the day I'm utterly sincere, I enjoy being very open about my feelings while I learn with the analysis and views of the other members in here.
There's some people posting that has a tremendous experience in the market, like Blitz, Adam or Frozenlock (and many more), and while everybody has a different approach, there's a lot to be learnt and enjoyed in the mix of cynical humor, trolling and serious statements that constitute this thread.
Coming back to the market, as you say its just stupid to fight against the trend, we are all Bitcoin bulls and that's why we are investing money, time and passion in it, so lets face the facts and play our cards so we end up with more beloved coins and possibly some fiat profits too
