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RE: πŸ‘‰ At these levels will I be buying BTC πŸ“‰ Can't wait to finally accumulate more πŸ€‘

in #cryptocurrency β€’ 6 years ago

Don't be in a rush... Capitulation is still not done, and afterwards we get Depression which is less bloody but in many ways worse than capitulation because it is very hard to still believe. Depression lasts many months before it's over. And that means we will be hovering slightly above the ultimate bottom for a few months.

Also wonder if you REALLY want to catch the absolute bottom. Look at last bubble, and consider if it really makes a difference to get BTC at $160 or at $220 in the grand scheme of things. Then consider the added risk of trying to nail the bottom, against the added security of waiting it out for some kind of plateau to form. You might not get BTC at $2000 or whatever if we drop to there, but getting it at $3000 will be close enough IMO

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All true. Thanks