BTC breakout?! Following goldbug's strategy, I am buying into this high risk market, and plan to sell half (in mini lots) along the way to reduce my cost.
For the general retail investor, this is hard to buy in. People think its expensive and is bound for a broad correction. Looking at the price action, it is showing strength rather than weakness.
The boat has not left yet. For the long term investor, with wider adaption, the price will not be in the 10k range. I have made a mistake, and sold all my BTCs, now I end up buying at a higher price.
Give it a day, it will validate whether this is a break out or a fake out. Once breakout is confirmed, I would buy more and reduce my cost through short term trading next week.
What are your thoughts?
For the general retail investor, this is hard to buy in. People think its expensive and is bound for a broad correction. Looking at the price action, it is showing strength rather than weakness.
The boat has not left yet. For the long term investor, with wider adaption, the price will not be in the 10k range. I have made a mistake, and sold all my BTCs, now I end up buying at a higher price.
Give it a day, it will validate whether this is a break out or a fake out. Once breakout is confirmed, I would buy more and reduce my cost through short term trading next week.
What are your thoughts?