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- Jul 19, 2012
Prices already creeping up. Smh
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Basically. You can’t go all the way up. Supply needs to find demand. When demand dries up supply goes into price discovery mode to find new buyers. When you have weak hands involved who bought at the peaks, they panic sell and smart money waits on the sidelines for the sellers to dry up and eventually hammer the ask.So if the dip was just a correction for the market to find it's true value then goes back up?
So if the dip was just a correction for the market to find it's true value then goes back up?
Next time start scaling in if you see stuff you like. Split your max risk in quarters or thirds and add in.I wanted to buy but decided not to. This dip was crazy and who knows how low it was gonna go. From 12k to 10k and now back to 13k.
It could have went to 8k or 6k for all we know. I'm on the sidelines as far as buyingg and selling for now
Next time start scaling in if you see stuff you like. Split your max risk in quarters or thirds and add in.
I only use bank when I’m accumulating and hodl’ing. Maybe add your debit or cc and just pay it off right away.Yea, what makes it scary is with Coinbase, I am locked in for a week and can't do anything.