PoolMinor
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November 17, 2018, 05:53:44 AM
Merited by JayJuanGee (1)



If you are so smart, PoolMinor, then 1) you gotta be really richie and 2) why would you buy all the way down to $2,200 rather than just waiting for $2,200 and buy at that seemingly "inevitable" BTC price point?  Does not make sense to buy "all the way down."  Did you misspeak about your supposed BTC buying plan?

As a long term trader I think you would have a reasonable idea as to why to buy all the way down. If you don't understand, sorry, I don't have time to enlighten you at this time.

I am not asking from my perspective, I am asking from your perspective based on your assertion of supposed wisdom about 1) other peeps in this thread filled with too much hopium and 2) your assertion that BTC prics are going down to $2,200. 

So my questions are not about what I think, but instead asking you about what you think, why and what you are doing about it, and instead of attempting to respond, you just diverted into putting such burden on me - when my outlook seems to be different from yours and the reason for my approach seems to be different from yours, too - even if we might happen to be following a similar strategy.  Furthermore, I do not have any strong presumptions that the BTC price is going down, and I especially think that any targeting of $2,200 would be quite pie in the sky, even though there is a chance that such price could happen.. maybe less than 5% (concedingly that such odds of $2,200 are a bit higher now as compared with last week, but they still remain pretty low, in my humble bumble opinion).

I believe you and I still have sensibly a very similar trading strategy: Buy the coins on down trends and sell on up trends, but always with the attempt to accumulate more coins in the end. Simply put, profit on the up and make sure that you keep enough fiat available to BTFD.
Why did I pick the ~$2200?
Because anytime I state an opinion here, someone always desires some exact figure as if I have a crystal ball that denotes the price points at every buying opportunity as well as every selling opportunity.
Clearly Bitcoin is currently in a bear market, yes there are still outside forces of manipulation that make it difficult to run normal trend analysis. Alas the indicators are still showing low volume down trends.
Nine times out of ten the people that want to disagree with TA have no idea how even read a chart let alone make educated guesses to what the chart is reading.

Again I will say it. A chart only shows the past, it does not show the future. Lines drawn on a chart are temporary conclusions of past events.

There are currently larger forces in play right now. The BCH fiasco is becoming a much bigger detriment to the whole crypto-sphere, it is going to drive the price of all crypto assets lower.

Yes, I believe, that the price of crypto assets will see another ATH which is why I would buy them in the first place as the price declines. As random of a figure $2200 is, truly I see it as possibly going below this, but it is a good base to start my own hopium mining to see the price rise again.

Now remember you were asking for my thoughts on why not just buy at $2200. This price is not set in stone, it may get down only to $2700, if I waited to buy at $2200 I would never fill my coffers back up; Hence why I buy all the way down.