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Author Topic: This is why I'm not worried about Bitcoin price.  (Read 537 times)
Quidat
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November 23, 2018, 09:38:49 PM
 #41

Let's not take some things for granted because you will never know what will going to happen to you in the future. So, we should still trust our guts in making decision in the market. Volatility of cryptocurrency is very high and unexpected so we should get ready to this or we might find our self full of regrets in the end.

fabiorem
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November 23, 2018, 10:17:27 PM
 #42

Dont lie to yourself. Everybody is worried. At least everybody who cost-average on it.

Also, you probably already tought that your previous work was underpaid, since that money lost its value.

exstasie
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November 23, 2018, 10:43:01 PM
 #43

Dont lie to yourself. Everybody is worried. At least everybody who cost-average on it.

Anyone with significant exposure to BTC should be worried. We just spent 8 months ranging, then violently broke down. Nearly all buyers this year are sitting on losses.... that's a huge impediment for price. Bounces will be sold into.

My cost basis is actually negative (taken out more than put in), but I'm worried too. Given time and volume considerations and based on past bubble crashes, price could drop in half from here pretty easily. Trading in the $6,000s was comfortable, but the closer we get to 2013 price levels, the scarier this gets.

Gabrielexas (OP)
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November 23, 2018, 11:24:15 PM
 #44

Dont lie to yourself. Everybody is worried. At least everybody who cost-average on it.

Also, you probably already tought that your previous work was underpaid, since that money lost its value.



I don't need to lie to myself, I only do what I can afford. I explained my situation clearly so not sure why the judgement that I need to lie but okay I take the opinion.  Money was lost temporarily surely, but when bitcoin was at 20K a lot more was made that have been kept already  Grin
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