If you are not out, get out.
Unless you are prepared to hold for YEARS and willing to lose 100%.
Unless you are prepared to hold for YEARS and willing to lose 100%.
Yeah, the YEARS part has me wondering if I should withdraw the fiat I have on Gox while I wait for the entry point I'm looking for. I'm just not very comfortable having it there for too long. I expected the bottom to be reached during the summer, thus having the fiat on Gox for two/three months didn't bother me, but seeing this bear my be much longer than I expected I have to confess my "withdraw" finger is starting to itch hard. Very hard.
Mmmm... Yeah.
You guys truly think that you can predict, at level that is somehow even remotely likely, that price will stay at <100 $ long?
My bet is that it will stay sub $100 for many months. It staid below $32 (or below $16, to actually correlate $100 to a 2011 bubble level) for more than a year and a half. That could be "very long" or "very short" depending on your timescale. For me that is "very short" from an investment point of view, but "very long" for an active trading point of view.