I'm sitting here at work with my computer doing work and I have my laptop on BTC/USD on trading view and Boom! my investor senses start tingling. I peer over at my laptop and Bitcoin is around $8100, all the candles are like big red sticks on dynamite ready to explode. So, what am I gonna do? I'm gonna buy some Bitcoin, even if this isn't the bottom of the correction I'm hopeful there's gonna be a dead cat bounce and it's gonna go back up to around $9000. Even if the dead cat bounce doesn't reach the $9k that I'm expecting, its still cheap Bitcoin. Remember, Bitcoin was at near $20k only a short time ago.
That's pretty ballsy. An old investor's saying is 'never catch a falling knife.' I'm waiting for prices to stabilise before I buy more.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think I just have faith in ye old Bitcoin and It is the original crypto. I do like that saying but the big gains are from taking risks when others are not. Warren Buffet once said "Be fearful when others are greedy and be greedy when others are fearful" which I think is the mentality you need to make the big gains.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That's also true. In that way the sayings are kind of opposite of each other so they'll always win.. :) Anyways, kudo's to you for daring to take the risk. I would recommend you to buy in multiple increments. For example, if you wanted to buy an additional $1000 worth of Bitcoin, I'd split it over 2 or 4 transactions. Wait for a while (let's say 24 hours) before doing another transaction. If the market absolutely tanks, you'll also buy for lower prices. If it goes stabilizes or goes up, you'll still be able to buy relatively cheap.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit