I'm not a big buyer. Hundreds of USD is a large buy for me.
Bought .225BTC at 680 Will buy more if it drops under 400.
I also Buy $50 weekly at spot price.
Bought .225BTC at 680 Will buy more if it drops under 400.
I also Buy $50 weekly at spot price.
Do you honestly think its going to go below 400?
Do you honestly think its going up from here?
Yeah, in a few weeks time. And in my humble opinion most people think that. That's why there is a general hold going on.
I agree that most people think that. But that doesn't mean it's right.
But it does look like there's a better chance than ever before of it being right. Countries are pronouncing their verdicts now and they will continue to do so in January. And when you think about it, so far so good really. Tech start-ups are jostling to be the first to provide a foolproof wallet your grand-dad could use. Things have changed gears and with the whiff of mainstream adoption big companies want to be the first in. And they will race each-other to do it. That's why the next few months actually look the rosiest by far when compared to the tail end of all the previous bubbles. Things actually looked bad then while they look good now, which is why this bubble tail-end is going to stabilize high.
John999 doesnt look at fundamentals in that way. He just looks at charts. One has to really dig down into understanding the solutions bitcoin provides and learn why VC is all over bitcoin to know why the fundamentals of this technology are fantastic. People tend to just look at metrics ie how many businesses, volume of payments, etc. They don't get below the surface. And then some people ONLY care about charts, because to them this is just another commodity with no real disruptive characteristics.
I agree that the fundamentals of this technology are fantastic. I agree that it has disruptive characteristics. But the actual price is not justified by any means. Too many risks remain. We can see that with the chinese debacle.
