riskmode
Long

Where I will be buying bitcoin

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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BItcoin has been a boom and bust asset for it's entire existence. The first 2 spikes which occured in 2013 retraced 75% and 85%. I see no reason why the pattern will not hold and the current spike will retrace 95%. I will be placing orders to buy at around $1200.

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riskmode Fazzzmin
@Fazzzmin, it's going to get banned by governments at some point so $1200 is pretty generous.
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Fazzzmin riskmode
@riskmode, I've head this since 2011... 2013 again and again. to ban something you need to be able to control it. It will be regulated & taxed but won't be banned. At a point, they will have to give in. look at the pot industry, in few months pot will be legal in Canada.
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riskmode Fazzzmin
@Fazzzmin, Whether it is banned or regulated it means the price will be retracing a lot farther.
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Fazzzmin riskmode
@riskmode, I know what you mean, However, bitcoin and crypto are now in the mainstream. peoples view on crypto is changing. The demand will increase with time much faster than in the previous years. So I don't see it will go below 6k. if it drops anything close to 6k it will shoot up with institutional money faster than you can say bitcoin.
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riskmode Fazzzmin
@Fazzzmin, BItcoin becoming "mainstream" will only make it more vulnerable to government crackdowns.
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holy moly
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