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RE: Bitcoin was NOT in a bubble – the 2017 rise and the 2018 consolidation (Chaos Monitaur–34)
Yes, I wanted to say it will not move much lower (even Jeff Berwick and Alessio Rastani think this way ). One word can change all the meaning. I will edit and fix this comment.
Ok, thanks for the clarification. I too believe it has reached a support line, and that it's unlikely to drop any further.
Personally, I think I'd be happy no matter how bitcoin moves. If it goes up, my holdings are worth more, and if it goes down I can accumulate more. I don't think the network is going anywhere tomorrow and bitcoin is still small.
That's an excellent strategy. Over the past few years, I've bought some precious metals. The price kept dropping. And dropping more.
At first, I was not pleased. But as it continued to drop, I was able to buy a bit more. And a bit more. I managed to accumulate a comfy little store, and when the price rises, I'll be very happy and content.
Cheers.