The top line is that it is a winning strategy overall
If you sell your bitcoins today, you are likely set to lose tomorrow (by letting go a good chance to get rich really quick). On the other hand, if you buy bitcoins now, you will take an opportunity and use the FUD behind the BU split against BU itself and to your advantage by buying low. If the old Bitcoin fails, you will have the new Bitcoin in absolutely the same amount, if the new one fails, you will have the old one which thereby proves its strength, might and power. So getting rid of bitcoins would be a losing strategy while acquiring more is seemingly a winning one whatever way the events are going to unfold in the future. Just keep your bitcoins in your personal wallet so that no one could steal this opportunity from you
If you sell your bitcoins today, you are likely set to lose tomorrow (by letting go a good chance to get rich really quick). On the other hand, if you buy bitcoins now, you will take an opportunity and use the FUD behind the BU split against BU itself and to your advantage by buying low. If the old Bitcoin fails, you will have the new Bitcoin in absolutely the same amount, if the new one fails, you will have the old one which thereby proves its strength, might and power. So getting rid of bitcoins would be a losing strategy while acquiring more is seemingly a winning one whatever way the events are going to unfold in the future. Just keep your bitcoins in your personal wallet so that no one could steal this opportunity from you
You do not think that Bitcoin might make another new low after this rise? You posted this on March 26 when Bitcoin was trading around $940 - $990 and has risen after that. But it is creating another lower high and it is getting ready to go down again if we follow the pattern for this month. It would be better to watch and wait in my opinion, or make low bids to be safe
You are confusing something here
As much as I discard technical analysis as a viable way for predicting and evaluating future price behavior, I still can't help noting that just one lower high after a few consecutive higher lows mid-to-long term (basically, 250-750-550-1100-750-1300-950) doesn't tell us anything. Strictly speaking, we haven't yet made a new lower high, since we barely touched the support level at 900 dollars per coin (i.e. the support there hasn't yet been broken), and right now we are mostly trading sideways. In fact, we may well yet make a new higher high in the coming weeks (that would be an ATH, obviously). Other than that, the price may go below 900 dollars (say, down to 600 dollars), but it just means that you may be buying up all the way down (personally, that's what I'm prepared to do myself)
If you discard technical analysis in evaluating the behavior of the price then what is your reason in suggesting that now is a good time to start buying Bitcoin? Is there a fundamental reason?
I have to admit you might be correct because the price have been stable for the past 3 or 4 days. But how do we know for sure it will not go down?
Oh, I just noticed that you are the same dude that once claimed that we would never go over 600 dollars per coin
I guess you may want to finally read the opening post. If you read it, you would get a clue that the reasons why I suggested to buy now (i.e. then, when the price was still below 1,000 dollars. just in case) had nothing to do with technical analysis. I even doubt if they have anything to do with fundamental analysis as well (though the latter is debatable). Basically, my point comes down to grasping at a rare opportunity where your risks are lower than potential profits. And it is not just lower, they are in fact skewed disproportionately in favor of a win since Bitcoin holders will likely profit in any case, i.e. in the case when Bitcoin Core prevails and in the case when Bitcoin Unlimited succeeds (provided they hold their coins in their personal wallets, of course)
