Image Source: CoinTelegraph
I sold my trader coins....litecoin is up ... btc is on the verge of 5000 usd for the first time ever....but all that is unprecendented...and for that reason alone...I'm on the fence about buying more...something is telling me not to though....I mean...nothing rises forever...nothing...everything corrects especially if supports are weak..and they usually are with larger shoots...but shoots are there for an initial reason...the reason could be well founded and then fomo kicks in as well...thats the risk however...usually when something reaches a certain percent climb...give it a day or two and its that amount down...
but who knows...this isnt the first time we've seen this...nor will it be the last...but there's a good amount of talk about corrections around here... @kingscrown , @bulleth and @bitcoinmeister are some people who are always talking about market trends...so people are aware...and they also want to rebuy a dip...thats why i dont think its dipping that much really....almost dipping then stabalizing then reshooting...except for ether....LTC and BTC are both shooting pretty hard...
but were not...thats a different concern....
all these concerns keep me from hitting the buy button.....you know whats the worst? hitting buy...and then it drops right after and you see it drop more and rmore and more then it slows...and youre already under hoping it comes back up to where you bought at least....
I'm staying out till it corrects....I want more ether...i'm not in a rush...even if it goes to 500 usd ... it will have to correct at some point...which will hopefully make the coin stronger...
as well...if youre into this for the long term thats fine....can buy now as eventuallly it'll go up and over....that I know for a fact...
what i also know right now is for me personally....i dont know... and thats enough for me to save the trigger till i think i know ....lose on the way up or not...this is too much for this old man at this particular stage...and its friday before the long weekend? ....bad shits happened in the past on days like this...with this sorta action...
if btc...sorry WHEN btc dumps...it'll take us as well..maybe not that much but there will be some shrapnel for sure.
I'll be sittin here eating till it does....
all the best to you man
p.s I sold my trading ether but still have my stash...so either way i'm good right now.