Then, when it started to look like that didn't derail the rally, some decided to buy back in, creating momentum, so more bought back, etc.
Were you watching how it happened Oda?
It was very very strange.
I don't know if it was strange. What I do find strange is how Huobi is now again behind Bitstamp (not sure Chinese sleeping accounts for this). Was yesterday a mere fluctuation in the price delta or have conditions changed again? I'm afraid noone truly knows, not even the Chinese.
It's that obvious, huh
Yes. Short term trade, went in and out with a net zero. I'm still not 100% convinced we'll break through the ma200 tonight, but there's some real force behind this rally, I can't say otherwise, so being long makes more sense right now.
Frequently, I am torn about what to do exactly when more fiat comes available to me - and how to attempt to time the BTC market, to attempt to get the best advantage (or best bang for my bucks).
Yesterday, I had 100% of my crypto investment holdings into various cryptos (not fiat), and about 97% of that in BTC and about 3% in other cryptos.
Today, I had the equivalent of approximately 7.5% of crypto investments in fiat come available to me. Accordingly, I used 2.5% of that to buy BTC at $630 per BTC, and I was waiting to see what the BTC prices were going to do for my remaining 5% - hoping that prices would come down.
In the next 1 to 90 days, I am going to receive approximately the equivalent of 50% of my total BTC holdings in fiat that I will be able to invest into BTC (or another crypto) - although I remain uncertain about the exact timing of the receipt of the fiat or the exact amount, I speculate about what to do with that fiat when it comes and what its purchasing power will be when it arrives - especially since BTC prices are continuing to go up in the near term.
Since there are so many unknowns, I just prefer to wait, until some of the unknowns become known before taking action (I become real uneasy to attempt leveraging when there are too many unknowns). In essence, I consider that we only have the market dynamics of the time in front of us and the need to be able to read the tea leaves of the future from those dynamics - which seems to be nearly impossible, if we are NOT whales ourselves who can manipulate the market.
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