I'm pretty new on the scene here (I've known about bitcoin for less than a week), and I had some opinion questions for you about the future.
Opinions, people. I want to hear what you want to say.
Let's begin by looking at this graph together:http://bitcoincharts.com/charts/mtgoxUSD#vzcvzpztgSzbgDza1gEMAzm1g10zm2g25
Set the chart's timeframe to show all data.
I want to invest in Bitcoins. I really do. I believe in their purpose, their technical prowess, and their potential.
However, there is a crap-ton of volatility here, especially recently, so my insatiable desire to gamble on the market is tempered by that huge Donchian channel in the last two months.
The questions I pose for you are:
1. How do you justify to yourself still being invested in the market with this much volatility?
2. Do you think the market is settling down now, and will it trending up, down, or flat?