I remember when Haejin kept forecasting new highs while everything was falling in January. I listened to him for a while and one morning after I woke up and realised that bitcoin was crashing and this was far from a healthy correction, I just sold most of my coins to Tether. Then I read some disturbing news about Tether and decided not to stay in Tether for too long too :) The cryptoworld is full of dangers and insecurity, but in the right time one can get rich really quickly (have you ever calculated what just $1000 put in Verge in April last year would be worth in December 2017?). But I can't be angry at Haejin cause it was always me who made the decision to buy or not to. Before starting this crypto adventure I made it clear to myself that I should always buy based on my decision, not on someone else's (there was a time I followed Haejin's forecasts more than my own, but not anymore). That's why I often research more about the technology - if TA also shows promising returns, and if my intuition is also good on this coin, I buy some. In short - I don't think your acquaintances should blame Haejin, you, or someone else - nobody forced them to buy bitcoin. And one more thing - there was a lot euphoria in December when bitcoin hit almost 20K - it was crazy and everyone wanted to buy some bitcoin. This worried me a bit - you also know that you should buy when there is fear and get out of markets when there is greed. I expected a crash soon, but thought (or maybe hoped) January and February would bring more profits. It is difficult to estimate when the euphoria is too much, but next time I see the early signs of it, I know I will sell at least some of my coins. My point is however that your acquaintances probably bought bitcoin in late December/early January when there was a bit too much euphoria? Plus it is wrong to buy based on someone else's recommendation - it is a pricey, but also a priceless lesson that one should rely only on himself/herself in this game. That being said, I will always share my opinion on coins with you when asked. Right now, for example I believe we are getting below $9450, possibly about 9K (it is 9947 right now). What do you think of tomorrows price of bitcoin? Good night!
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Good morning,
I do not blame anyone. It was just a combination of circumstances and inexperience and sometimes you also have to pay some tuition fees(...do I say that right?).
I still read Haejin's blog, but believe that he should not have written about orgasmic lunges while btc was already staggering.
For today, the price of btc will be around $ 10,000 (lol, i just looked)
Greetings from rainy Netherlands :-)
Hi! We are in a bearish mood today, so you got it right.
Yeah, Haejin was dead wrong and destroyed his reputation - he overdid it, I agree.
I think we are going even lower now when I look at the volume and the general mood, possibly below 9K. Would that invalidate a bullish scenario and mean bitcoin will crash soon (below 4K)? According to one analyst, this might me the case. I don't know yet - I hope not. What do you think?
Hi Alex,
You too here, nice :-). I am usually very positive but the last 2 days I have a bit a hard time. I have just posted my bear flag with Sala, he says that I should not make a mistake and that I have to hold on. He knows my portfolio and has even said that I can become a m .... this year. I laughed hard about that. But for now I lose a lot on my alts at the moment. Of course I know that in a week this landscape can look very different ... but I see a lot of bears on my way now. I think we are far away from dancing the salsa in Sydney.......
Hi Carola! Yeah, it should go up at some time. However, I am a bear again for the short term. We fell really hard from 11K and I don't think we will breach 11.7K any time soon, so we might test 8K soon.
Salsa in Sydney not before November 2018 in my opinion. Which makes sense since it will be summer there and we don't need no dancing outside when it's cold :)
Hi Carola, how are you today? Not very happy with bitcoin's price, I assume.
I wish you to become a millionaire this year,as Salah has said, but it never comes easy - we are going through difficult times now. I think retesting 8K today, or tomorrow is quite possible. Let's see how it goes. Cheers!
Hi alex,
It is difficult to resist the bears they want to become friends. But so far, I'm taking them off. I do not know what I do well and dare not to look at the value of my portfolio anymore ......
Never a dull day in crypto now I read again the story of Mt Gox and how much value they still have in btc. Well it is clear in any case and it will be calculated in the price.
How are you still hodling for it. I switch from the dream image of a m to the question of whether I will not lose my deposit .... And Salah is very quiet ....
his last words were that I had to hold, but I wonder if he still thinks about this ...
Hi Carola! How have you been? There were a few busy days for me, hence my late reply.
Yeah, I think you should either hold, or sell some coins now and buy later when bitcoin starts a new cycle. I am still holding as I don't expect a big dip in the next few weeks, but I think we will go a bit below 8K.I have some bitcoin and with it I plan to buy some cheap alts.
If bitcoin crashes below 5K, I will spend the cash that I keep just for such plunges. Have you been watching the videos of ''passion-ground''? I think he is a very experienced analyst - a bit bearish right now, but it is what it is. I am also tired of this bear cycle, but the bears might think differently. I think it helps me that before I put some money into crypto, I told myself that I am fully aware of the fact that I may lose it all. So right now I don't care very much, if it drops more - I just find it boring waiting. Maybe this kind of logic could help you as well to get through tougher times, such as these? Cheers!
Hi Alex, nice to hear that everything goes well with you.
The wait is indeed boring and sometimes makes you insecure ...
O you talk also to yourself :-) I told myself, in front of the mirror, that I am not a trader but a long-term investor. So there is no point in staring 24/7 at BTC's course. I looked almost at any time, lol. I have also decided to leave everything as it is now. The coins that I bought in November are okay. Some coins I bought January a bit too expensive, but they are not bad coins. So one cough of BTC then I am back on track. Yes I did watched some of passion-ground, but I stoped looking at a point. Maybe because he did not tell the things I wanted to hear, haha. Thanx for sharing your logic kind of thinking, nice to hear. Bye Bye
I am also wondering will we see the same thing at the same time today? The bots the that will sell around 17.30 / 18.00 btc and the same drop of btc just like yesterday and the day before yesterday .. I hope not but we will see...
I was wondering am I looking at the formation of a bear flag, i hope not...