RE: Bitcoin TA - summary of analysts - 24. May 18

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Bitcoin TA - summary of analysts - 24. May 18

in bitcoin •  7 years ago 

like always - there is a chance for that but the probability is much higher that we go down from here.

Several "bull" hopes are crushed. I always asked myself if I had significant cash - what would make me confident to buy btc? Am I confident that we found a bottom yet? And my answer to that would be "no". So I would wait and that leads to falling prices if too many are "waiting". But it sure will produce a significant rally based on FOMO as soon as people are confident that we found a bottom. So best thing to happen is we crash so hard to a price where everybody thinks that this must be the bottom. 5'000? 4'000? 2'500? 1'300? Ask yourself for which price would you bet all your wealth on?

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Strong belief!!! Long-term holding

None one should be going all in on crypto IMO. Small buys overtime to distribute the acquisiton cost per unit. That is the strategy you shouls be promoting not this wait then go all in. That, my friend, is a recipe for disaster.