I wonder if there's enough momentum to reach a new high when the price gets low enough. Most of the last peak was Chinese investment - how many are going to return? I don't think that we can get back to the old highs based on just Western speculation alone, even with the increased awareness (a lot of it will be negative).
I think the only strategy that might work for me is to buy and ignore all prices until a) It reaches a pre-determined high b) Several unforeseen things happen that results in needing cash Way too much panic buying and selling for me today
Interesting how the arguments for staying invested in Bitcoin sounds just like the arguments made for staying invested in physical metals! "I don't care how much the price of silver/gold/bitcoin is, but what's important is I have more than I did before!" Well at least I'm still glad I can fondle my silver kilo bars. Wonder what you can do with your bitcoins.
Correct you are Altima.... seen it too many times before!! Make money while the mania is on - but don't get emotionally attached to your investment.
Both! But it's a lot easier to panic sell/buy with bitcoin. And numbers on a screen are easier to part with than heavy dragons (though forming an emotional attachment has its downside)
Where have I heard goals like this before? On the top of another mountain somewhere a while ago. Gather those butcoins it will soothe the fiat losses
Black Sunday - Todays viewing shall consist of scattered showers with a 70% chance of heavy hail & systemic collapse. Viewer discretion advised - scenes could be disturbing to some investors. P.S. Due to technical difficulties, some or all of today's episode may not be shown.
It's almost like you think BTC was only invented in late 2013. :lol: The peaks and trough's are nothing new, this is how Bitcoin works. But hey, you made your $500 and got out, nice work!
..and the perma-bull attacks will probably continue for some months yet. For about 6 months after I sold my silver I had to listen to "you are going to regret it".
