Here is a typical "Chase"

in panic •  4 years ago 

Joe panic sells 20 BTC; sees price go below his sell price; pats himself on the back. Then, price turns up! Joe then panic buys only to panic sell again at the slightest sign of a decline.

End of Bull market: Joes has 0.2 BTC
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Why to use logic, just BUY, HOLD and SEEEEEELL !