bitebits
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Bitcoin != exchange rate


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January 29, 2017, 03:04:39 PM

Which of the below you think is more true?

1. When the price is kept just above $900 you fear it will drop into the 800's.
2. When the price is kept into the high $800's you fear it will go into the 900's.

I think the first over the second. This could be a little whale psychology: whale(s) accumulating vs. whale(s) exiting.

When price is > 650 I fear it will crash
When price is < 600 I buy buy buy

Very simple. I think btc isn't worth $800 or even $900. I do like seeing moon rocket though. Good fun  Cheesy Cheesy Cheesy

I consider your gut feeling as well falls under point 1: you are more bearish when the price is in the $900's than in the $800's.

Good.