/biz/ - Business & Finance

>>8670187
Ok, since you're not following our advice of not listening to our advice and instead asking people for their opinion on the near-future price of bitcoin, allow me to present my case.

1. There is no catalyst bringing people into the market en-masse right now like there was in December with the intense media coverage and legitimizing developments such as futures market opening.

2. Just yesterday we experienced a "death cross" of the 50-day SMA and the 200-day SMA, which is a sell signal for technical traders.

3. We have not yet reached the previous bottom from February of $6k, which is extremely likely to occur (+- $200) because during bear markets, prices tend to return to levels of previous "price support". These would be (roughly) $6k, $5k, and $4600 (lower than that would be fairly unlikely).

4. Lots of other technical reasons which are like chinese to those who are unknowledgeable.

Point being, my recommendation would be either
A: Dollar-cost average your way in right now over the course of a week or two. (google if you are unfamiliar)
B: Buy halfway in between $6.2k-$5.8k, then buy in with the other half of your investment capital when it either reaches $5.2k or $8.5k (what I'm doing).

>>7475906
I sold all mine for .0001999 ETH

2018 bull run starts now

>>6900902
strapped in

>bought in during the hype in the spring
>portfolio value was about -30%-40% after the following two weeks
>shrug
>held my bags for 6 months
>modest gains during this time
>enter november 2017-january 2018
>coins I held skyrocket, portfolio skyrockets +1500%
>mfw
>made some solid bag dumps, XVG and XRP at their peak
>started reading /biz/, shuffled portfolio around, went into some ICOs, bought into some of the hype again
>market panic sells, memecoin investments at about -30% on average, got lucky on some buys (DBC, ICX still +120% for instance)
>still +1350% from my initial investment
>not even worried, I've been through this once already

Strong hands, anons, you'll make it, don't panic sell. It'll take time but you'll make it.