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RE: Math-Based Fundamental Value Analysis Has Been Right About Bitcoin Bear Trend So Far - What Does it Tell Us About When Sustained Growth Will Return?

in #bitcoin7 years ago

I like the idea of using daily unique user address growth rate. It makes sense to me, that when more people start entering the market, demand will increase. I have tried counting waves and looking for reverse head and shoulders, but confuse me!

I sold my bitcoin when it was way up from my purchase price, because I believed people were buying based on FOMO. It was a gut feeling, that I should lock my profit.

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Looks like that was a good call at the time.

Good sell, now you should be buying back, all the way down below 5k. This is the patient stealing from the impatient here. :)

I have been buy back a little at a time. I'm a big believer in cost averaging,

Long term view wins, too many people want to get rich fast.