If it does not go back down I will not buy in ... it just seems too risky for me at this price whatever anyone wants to say about fundamentals, future growth etc ... I just can't bring myself to do it. If I miss the opportunity to ride the train so be it ... worse things have already happened in my life.
Some will likely chase it if it goes up
Some, like me, will simply walk away
I don't see it as a given that all the money sitting at lower levels will invest at higher levels if we don't go down - some of it is sitting there because it that is where it feels comfortable. A lot of the smart money won't chase the train IMO ... it is generally more disciplined than that (I do not by inference mean to classify myself as smart money
)
And I still see the potential for more early adopters to take some cash off the table for a very good profit at these levels and lower
An as yet unknown external shock, positive or negative, may determine the outcome
Slightly contrarian, not trying to scare anyone, just giving the opinion of someone who is new to Bitcoin (about 6 weeks of exposure) and thinking about not jumping on board unless we go down significantly from here.
Until there is more utility it is purely a speculative investment as far as I can tell. These things will come I am sure. Well, everyone says they will. But until then, it caries a very large 'Caveat Emptor' tag, which for me means I don't want to invest at current levels.
That is not to say that I do not find the whole concept very interesting indeed
Time will tell ... I am as clueless about the future direction as everyone else
Some will likely chase it if it goes up
Some, like me, will simply walk away
I don't see it as a given that all the money sitting at lower levels will invest at higher levels if we don't go down - some of it is sitting there because it that is where it feels comfortable. A lot of the smart money won't chase the train IMO ... it is generally more disciplined than that (I do not by inference mean to classify myself as smart money
)And I still see the potential for more early adopters to take some cash off the table for a very good profit at these levels and lower
An as yet unknown external shock, positive or negative, may determine the outcome
Slightly contrarian, not trying to scare anyone, just giving the opinion of someone who is new to Bitcoin (about 6 weeks of exposure) and thinking about not jumping on board unless we go down significantly from here.
Until there is more utility it is purely a speculative investment as far as I can tell. These things will come I am sure. Well, everyone says they will. But until then, it caries a very large 'Caveat Emptor' tag, which for me means I don't want to invest at current levels.
That is not to say that I do not find the whole concept very interesting indeed
Time will tell ... I am as clueless about the future direction as everyone else
Exactly.
Many statements (ro should i say fantasies) in this forum go beyond my comprehension. Like in a cult, where everybody believes somthing and nobody can really explain why.
Bitcoin could be a great thing, but I get tired of reading "I'm just waiting for cheap coins" or "look at those weak hands, I know more than them hahaha" (well maybe you don't?) or "I miss my volatility,how am i supposed to get rich with this bitch when it doesn't move" or "it can only go up"
It could very well crash into the ground anytime and dissolve into a probably pretty painful memory.
If anyone believes "it can only go up", why not buy now? Because it could crash? lol
If the bulls puit money where their mouth is, they'd buy like there's no tomorrow.
That's obviously not the case - Why?
Anyway, just a few thoughts.
