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RE: Dollar Vigilante: Bitcoin 3k party live stream, bitcoin/steem giveaways.
My point will be "well understood" by anyone who is new to bitcoin and is following Dollar Virgil's advice. He doesn't care about the guy who may have bought this morning at $2500 for the "first" time. We'll see how the guy who paid $2500 feels soon I'm sure.
Exactly why should he? In two year's that same guy that lost today if he held and wasnt alittle Mary he'll be happy, when hes buying a fairly new car from the profits.
So say you. So say Dollar Virgil. I'm just tracking Dollar Virgil's "champagne indicator" to see if it's a valid sell signal. Lat time bitcoin dropped from $2800 to just under $1900 on the Dollar Virgil's champagne and cigar sell signal. So far anyone who bought this new rant is only down $400/coin or so. I bet I can trade it for better returns off of Dollar Virgil readings than most "buy and holders" will do over time. I'm outining my trades at my blog if you'd like to follow along. :-)
Ill take a look. Im just holding for the long while. I dont care about any charts or figures. If I take a recomemdation after that Im on my own. Much like dollar's and trace's last recomemdation.
I'm thinking the next move down in bitcon will separate the believers from the rally chasers. Nothing like a steep drop to eliminate a large portion of the fan base. :-) I can't wait to see how Dollar Virgil handles it. If he gives himself another enema at a "tradable" low I will join you on the long (and strong!) side of the trade. Right now the U.S. exchange traded bitcoin tracker GBTC is still "assuring" lower prices ahead for 'actual" bitcoin tho. So it's also a part of my experiment. Can actual bitcoin mispricing be gauged by GBTC? So far it can be. Still holding a half position short in GBTC from 454.50.