Your comments are irrelevant to my criticism of the invalid trading advice of 'you should buy on a small low volume drop. the low volume is bullish'. I dont get how you get off with suddenly diverting the subject back to the long term strategy (an admission of defeat actually) or worse yet 'am i even hodling bro' :facepalm:
The only problem is that, practically speaking, it takes some big balls or ovaries to buy on a huge drop. For people who aren't able to control their emotions and emotional decision making sufficiently, buying smaller dips would be more practical.
Edit: Or just set and forget some buy orders.
I dont think it takes alot of guts exactly, I know what you mean but like you say these can just be long term orders. A lower price is a better deal for the buyer. The only doubt is for those looking at the floor instead of the horizon.
I know this is true because the same exact fear/greed complex happens with stocks and commodities. Markets move on this continual self interest and cycle of selling, BTC just happens to be especially volatile but also high growth.
How many times do we go to the supermarket and complain a product is 10% cheaper or more today. We dont, we are sure we want that product. To buy on a lower price, just requires confidence of the buy long term. Speculators operating with borrowed money have the most fear, thats fair enough. They definitely dont want the product just the price move.
All I need long term to like BTC is to observe USD has serious problems, a deficit etc Its a declining situation, already QE has damaged its prospects internally and dollar is overvalued. The other side is BTC growing, being developed and has a population able to benefit from usage, I believe so. Gains should continue long term on balance between those two elements.
How many people need to sell what they dont want before we reach a point buyers out number them; I dont know but if crypto population is growing then I'm positive on demand beating supply.
Your comments are irrelevant to my criticism of the invalid trading advice of 'you should buy on a small low volume drop. the low volume is bullish'. I dont get how you get off with suddenly diverting the subject back to the long term strategy (an admission of defeat actually) or worse yet 'am i even hodling bro' :facepalm:
We just have different perspectives on btc and crypto it seems. You are a trader while I am content hodling. Perhaps you are still building up a stash that allows you to sit back and relax like me. I wish you good luck!
I partake in both hodling and intermittent trading. Even when I am not doing the trading part I still participate in discussing TA and analyzing others' analysis
Who said the bolded part?
Low volume means low confirmation. The pricing on that day matters less. The market price will move to the latest trade or last trade done but the most important price is by volume. All speculation on graphs is about probability, which is relevant but never definite
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