qikaifu (OP)
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God creats math and math creats bitcoin.
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July 17, 2011, 04:38:45 AM Last edit: July 17, 2011, 05:06:19 AM by qikaifu |
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but some idiot just did not understand what I mean, or so naive to believe that the big holders won't do this because some reasons. Some evil guys were scaring people that if you don't buy now you will miss the train forever.
Now just see the 6000 bitcoins which were sold in a flash. Every one knows that the USD inflow is weak in weekends, but the holder just chose to do this. It's his freedom, he want to cause panic for him buying back lower or he just want to cash out at this price and to prove that he is smart to leave at this price and everyone else is idiot, or the 13.5 bid wall and the big seller was just the same trader. who knows? but it's not smart for you to believe that he wouldn't do this. If some one follow my suggestion, they at least have the choice to buy at 13.5, 1$ lower than days ago.
So, if you still have USD prepared to invest in bitcoin, patience is still my suggestion. Just buy a little at first, then another trade at the other day when it crashes. Never all-in at a single trade.
And panic is not good for you right now. Panic is the method to keep us human being safe in the jungle at ancient age. It's not the method to protect us in modern financial market, but calmness, patience and insight into long-term. the market maybe even lower, but sell at this price is not a good choice, too. If you have bitcoins, just hold it. If you have USD, just hold it and buy in bitcoins with patience. never do panic buying and selling.
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