If you haven't taken profit, yet, on a long then do it now and reverse course to a short. The local top on BFX was only $407.9... not $409. Market is turning back down, now.
Merry Christmas.
P.S. - Do you own analysis... this is just what I am seeing and responding to.
Merry Christmas.
P.S. - Do you own analysis... this is just what I am seeing and responding to.
for those of us holding it don't matter much (at least if we mined it) but I see your point
as to myself I'm pretty much at the Max I can afford point ..will dribble some more in as I can till the end of the year..but still I can see the logic
behind the argument of selling some and getting some of investment back or the fact that we need new blood in here buying coin...I would but
friom a thanksgiving/xmas analogy with food "i'm stuffed full"
thus either we get more use from BTC from 3rd world for demand or we get more demand from new users etc due to price drop etc
or folks like me with the sickness of "holding' come around Jan 2015 are gonna have lots and lots of BTC (now it prob an't gonna be worth as much as today but still lots and lots)
frak
I should have my head examined
anyway from my odd point of view....I'm betting BTC will chug back up 'long term' but my long term is now in the realm of 4 or 5 years at worst to get to 1000 btc again
just to get past all the FUD/bad press and other crap from the last couple years
BTC needs to be seen as 1) useful 2) long term 3) and boring....esp boring.....like money or wire xfer is boring......it is needs to be dull and common place
like the 'paypal button' everyone knows what it does but does not think about it too much
again with all the above bad press /FUD and other misinformation..it may take a frigging bit to get this wagon up the hill so to speak
anyway my empire is up to 51.5 btc now...whoo whoo...so if BTC goes down another 50% I can pretty much state it will be at 103 btc at that point
(good to have a hobby being insane kool aid drinker probably qualifies)