Just wanted to share a post of what I think/am going to do. I have pretty much all my money in crypto so this pullback definitely hurts, but I am not too worried about this price action yet. Luckily my parents want to get involved in crypto so they sent me some money and I will look to take advantage of this pain and hopefully turn it into a bigger gain.
This is a rough drawing( I know it ain't pretty haha) of what I predict might happen. I think we will have one more leg down that will possibly pierce through 2300 with some slippage, but ultimately continue to respect this trend line and continue the move forward. I will be looking to scoop up more bitcoins around the blue circle area. If this happens, it will be roughly a 25% retracement from the 3000 high and seems to be a fair estimate of where the current pullbacks for bitcoin go to. This isn't advice, just sharing my plans. Thank you and good luck. Let me know what you guys think?
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People are confusing market cap with actual value. Theres a race right now for top market cap, bitcoin vs eth. Problem is, only one of these is designed as a store of value and has a limited supply...
Keep your BTC warm, they will end up costing 1million
haha 1 million !! =D. I'll be happy with it just being higher. Scooped some more up
I'm in a fairly similar situation...maybe hedge your bets to lower your risk by selling 50%? I'm also thinking that the bears are coming out of hibernation and this may be the start of a long downwards trend.
Agreed. This is is a wash out. Early investors locking profits, newbies running from the markets, and traders making money on the volatility.
You're assessment is correct. I'm still holding/mining.
It is a buying opportunity... don't panic !
yup got a few more.
looks like i better buy a small amount today -- thnx for the info
yeah I scooped a few more at 2250s... Should of waited a bit longer for cheaper, but can't be perfect
excellent value i hope to buy a little tomorrow - i am following you thnx
Just keep your btc.. It will goes up back