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China was the trigger. But it was not the reason. The reason was the incredible appreciation over the last year. A meaningful correction was imminent. I still
by 21 9y ago
China was the trigger. But it was not the reason. The reason was the incredible appreciation over the last year. A meaningful correction was imminent.
I still don't think it is done. I would expect to see 1500 again before the next leg up. But you are right, trying to nail the bottom is not a good strategy.
- jstandard 9y agoOn what basis do you expect to see 1500?
- 21 9y agoPrevious Bitcoin spikes, my financial markets experience. Like I said, if you want in, get in. But if you are not particularly itching at the moment, waiting for a MAYBE 1500 is much better.
- kobeya 9y agoNVDA has had some incredible appreciation. It outperformed BTC in 2016. Should I short it then?
- akvadrako 9y agoNVDA was a great buy a year ago but the current price only seems fair in a very optimistic scenario. I wouldn't short it, but there isn't much hope it'll go higher.