Bitcoin 2 month low is only a sign of “sharks in the water”

in #bitcoin7 years ago

Source: https://cointelegraph.com/news/bitcoins-2-month-low-sign-of-the-time

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Blood in the water attracts “sharks”. In our case, “HUGE money gains and currency transition” is the same chum for the sharks.

Investment companies in all shapes and sizes love a big return and Bitcoin is like “no other” for quite some time and probably for the enxt 2-3 years this WILL BE the game to play. The percentage returns to the upside and downside are simply higher than the stock market.

Soon the BTC bottom will form, maybe a few more days and maybe even a slightly lower low. You can say it makes “no sense what has changed” — nothing has changed — it’s only gotten better. The question is do you still have your BTC/LTC? Did you buy more or did you sell?

Timing is very hard in such a market like this. It’s choppy and timing is imperfect. For a long term HODLR - what is the differenc in buying at $8300 vs $8000 in the larger scheme of things as bitcoin could be $40,000 + in a year.

Next couple of days, you pick a point and do what you do.

This not investment advice.

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The price drop is as suspicious as the rise in December, the market is clearly controlled by big money.

Yes....they clearly needed to accumualte coins in order to be able to “sell”.

Well I think the prices will go up eventually and it's better to just buy Bitcoin for now and hope for its greatness.

Yes...that is my point...if you are a believer in the technology that is what you are holding/investing in.

Yeah... I loved your post.
Thanks for sharing. Have a nice day ahead.!!!

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I chose to HODL. Better than running the risk of missing $50k in the future.

I agree....very hard to time a “low”.

I would wait for 6000 and I would say there is a significant difference since it is only speculations whether or not if will go up over 20.000 dollars.

That is what makes a market. People can wait or not.... :-)

Exactly. I have time. :)