Looks like we have dropped off the second line of support. On the downside, next support is around $4063 - 4092 (weak).
TA at these pricess makes little sense to me (but appreciated HM, it gets me through these days). What do you try to achieve, buy even cheaper bitcoins?
There is one thing I learned over the years: it does not matter what your cost average is, it matters how many bitcoins you managed to hamster. The downside got limited (-50% max?) while the upside is limitless. Bitcoin moves fast when it does and you risk holding the fiat bag while trying to get even cheaper bitcoins.
So start working your ass of and just buy those sub $5K bitcoins; at least I will and you can’t have any when we again will panic in the other direction. You can thank (or curse!) me in a few years time
i always follow just the buy whenever its possible mentality and keep collecting/increasing
BTC stash.... and cause the prices are very cheap i agree with the small risk downside against the NO ROOF upside potential, and if a coldwallet coin costs about 3-4-5K its all damn cheap and doesn't matter much when we would be @ 50K or 100K or .... whatever the goal is as a hodler.
offcourse if some traders can make
BTC profits cause of there analyses then thats fine as well, but as a successful trader your 45% wrong and 55% right so thats a hard job while buying cheap and hodling isn't much of a risk attached
few weeks back a friend wanted to long some
BTC also for me.... start buying under 6K avg till 3.8K and go for some kind of macro play, but cause something with bitmex his positions that he started for 2 friends where already cancelled from the start with minimum losses or something i didn't get the detail of what went wrong (i have been told but was on a saturday and i was drunk to remember now
)
but i'm glad i didn't sent my
BTC's yet (also i remember HM told me to be careful with going LONG @that time and it did stuck on my mind)
now the guy is also looking for another moment to go long, but he's still waiting as well, i will always remain to be a buy and HODL, but you also must have the ability to buy and HODL so thats why i surely understand that some guys focussing on gaining in another way as well such as trading etc
for me i go along with a few coins with my friend cause never knows maybe he's gonna made a play @ the best time ever
Poll
