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Agree with the cutting losses, but we see these patterns all the time with bitcoin. Big chance it will be up to old levels in 4 days. The long-term sentiment fo
by Avalaxy 13y ago
Agree with the cutting losses, but we see these patterns all the time with bitcoin. Big chance it will be up to old levels in 4 days. The long-term sentiment for bitcoin is very bullish (or at least that's my opinion). Cutting losses is not a very logical strategy for long positions in bitcoin imho.
- TylerE 13y agoThe problem is that at some point any rational trader will want to cash out at least some profits. This swings are showing how little it takes to tank the price. The less liquidity there is, the more academic the trading price is.