bahamapascal
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October 04, 2014, 09:17:10 PM

why is btc going down... not up?HuhHuhHuhHuhHuh

Well, my thoghts on that, there is no new kapital flowing in. Just kapital leaving aktually.

If had not heard of btc and would now some how hear about it, definately it wont be something where I would invest in, seeing it has gone down for 8 month or so (aside from that, I would likley not even hear about bitcoin as "normel" media isn't talking about it).

I guess (from experiance of the last uptrend), as soon as we have reached the point where the price reaches a bottom with the current traders/capital and are slowly recovering, then we are much more likly to get mainstream media talking about bitcoins and new capital will be much more interested in investing in it.

The mainstream buys when something is has bean goin up (unfortunately normaly creating a buble) and sells wehn it has been goin down for a while.
From my experiance in trading I have learned, never buy when the price has already gone up quite a bit and dont sell when it has already gone down a lot, which is why I am holding. I might be wrong.
Could be that we have already reached the bottom, but I see a good cahnce that we will see much lower prices befor a uptrend accurs.


*Note: This is not meant to be a trading advice, this only implys my personal oppinion. My oppinion might be wrong. Wink


Protip: the public are never buying at this stage of a cycle - ever. A lot of coins have been sold in this decline, ergo a lot of coins have been bought, too. The big players will give the price a decent push upwards when the time is right and start another bull run. Bitcoins are getting easier and easier to obtain. Until then, it's accumulation time.

Agree Smiley