5 ms·
time to buy right?
by d55 12y ago
time to buy right?
- BorisMelnik 12y agoI have not been buying since I bought at ~300 probably a year or go now. I vowed I would not buy again until it neared 300 OR stabilized for 6+ months (which is hasn't). Might cash out my short term portfolio and dump it all in if it keeps going in this direction. I don't want to be kicking myself again!
- pippy 12y agoDon't Catch A Falling Knife. It might stabilise now, but my hunch is it will stabilise around the $200 mark.
- veb 12y agoWhat's the "hunch" based upon?
- 7Figures2Commas 12y agoI pointed out[1] 10 days ago that the Bitcoin had broken through a key support level and anybody trading a similar stock chart on technicals would be looking to go short. From a purely technical perspective, there's no buy signal (yet). Catching a falling knife is always a bad idea but seeing them before they fall can be highly profitable. It's just a shame there's no readily available vehicle for playing BTC on the short side. [1] https://news.ycombinator.com/item?id=7500000 https://news.ycombinator.com/item?id=7500000
- vidarh 12y ago> It's just a shame there's no readily available vehicle for playing BTC on the short side In the UK at least there are multiple firms letting you buy/sell BTC Contracts For Difference, including shorting with a 10% initial margin if you really feel like taking crazy risks. (Plus500 is an example)
- arfliw 12y agoI think so, yes. But I'm averaging[1] and buying in small pieces, because I have no idea where the bottom will be. [1]http://en.wikipedia.org/wiki/Dollar_cost_averaging http://en.wikipedia.org/wiki/Dollar_cost_averaging