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RE: Congratulations to those who were positive !! It seems we did reach an important bottom when we posted this a week ago !!
i dont think that! is less volume now andn the futures are making the path, this going lower
no technical analysis work in BITCOIN.
What u think?
I agree that traditional technical analyses are not fully applicable to BTC, but all markets behave according to certain 'Universal/Fibonacci' rules since all markets are ultimately ruled by a combination of human psychology (short term) and fundamentals (long term).
So it's good to keep an eye on short term technicals, especially if you are a trader, but fundamentals will always out way sentiment in the long term.
I Belive there is no harm in investing that amount which you can afford to lose..In my opinion any one having knowledge of investing should have their 10 percent of investment in high risk assets which can give high returns as well..bitcoin is one of them.
I agree, the only difficulty is, what constitutes a high risk investment?
I personally think that Bitcoin is less risky than Tesla for instance or even Deutsche bank just to give an example.
You could be right guys, but I still feel we have reached a bottom from which the next leg up will start. If I'm wrong it will only be a matter of time before we start the next and most impressive phase in the blockchain cycle, with mass adoption of applications. It is always a good strategy to build up positions when everyone else is selling or sitting on the sidelines, that is the case in any market with potential, and this one has huge potential !
$1300 is on the table