RE: To CAPITULATE or NOT to CAPITULATE? That is the question. - Part 1: The Question
Well you know my thoughts. Right now is the bounce that I've been mentioning for a while now. Not sure how high we'll go or how long it will take. Maybe all the way up to 5-6K? Who knows.
Then again we may have already hit bottom. I don't think so, but on the other hand it would be a great way to screw over the majority of investors who are waiting on a lower low.
Buying on the way down is fairly safe thus far but now that we're bouncing it's risky as hell. It could go either way and due to this risk it's likely that there won't be enough people fomo'ing in.
Usually after capitulation comes the depression phase. This kind of has to last a while too, and I haven't seen that yet. So overall, still expecting sub-$3000.
I won't declare bullish until we pass $6K and won't truly be bullish until we pass $12K.
The Dad Cat certainly never leaves my mind, but this is new ground we are breaking and the scenario is not cut and dried. The stock markets are a big factor, as is the possibility of a soft capitulation being completed. I also won't be bullish until price stabilises above $6k - I'm looking at $8.5 for confirmation of a bullish reversal.
On a different note @bitbrain do you like to play games on STEEM? @happyme is running a turn based daily zombie slaying RPG game on here. We're looking for additional players! It's mostly for the fun of playing and connecting with others, very little time involved daily, but you also get an upvote for participating. Check it out, it's kind of fun :)
I haven't played any games yet. I looked at steemmonsters, but found the cost of starting to play rather prohibitive. I don't blog hard every day to spend all of that on someone's virtual cards!
But I am a gamer at heart and I'll go see what happyme is up to.
I've checked it out and I see the game is underway. I'll try to follow it to find my feet and then probably sign up for the next game.
No it's nothing like steem monsters and it's totally free to play with no strings attached!
The game started yes but due to low amount of players because of christmas some of us are playing two characters at once right now. So there are plenty of characters that you could play and take over, and it's easy to pop in at any time. No need to wait for next game, but you can if you want to. Just pop into one of happyme's threads at any time and post whenever you want and you'll be playing in no time
I think I'll stay watching for now to get the gist of the game, but I'll almost certainly play the next round.