RE: Bitcoin Technical Analysis - 1/5/17 - Crashing from 1166 to 851?!?!

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Bitcoin Technical Analysis - 1/5/17 - Crashing from 1166 to 851?!?!

in bitcoin •  8 years ago 

it looks like it's a good time to buy some BTC but the fact that the price is unstable & the reasons why aren't abvious yet is what make it kind of worrisome

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  ·  8 years ago (edited)

Emotions, both fear and greed, run highest during rallies.
My goal in analyzing is coming to some conclusions, right or wrong, that I can put on paper and question with logic, related data, and historical precedent.
Then, when the terrifying (or greedy) moment comes, we can rely on our pre-set plans rather than our emotional mindset.

In the shortest term, I expect great volatility, both to the upside as well as the downside.

Are you a long-term holder, or someone thinking about newly getting into it?

to be honest im a miner and im new to crypto currency, i have done some research to understand the basics about how economy works & how crypto works too so you can say im not that good in making some good judgement! but i have some BTC that i earned plus i bought some at 700's & i want to hold it atm

Sounds like you're on the right track. You can lose your shirt trading, whereas Bitcoin has been the best currency something like 5 of the last 6 years.
When I got into Bitcoin I was frivolous with them. I cringe to think how many $5 Bitcoins I just threw away on stupid stuff.

It's a good time to be mining, that's for sure!