my sources tell me, it's going up... and if not, they say it will probably go down... marc for disclosure purposes, i'm long [term]
It is bouncing around $350 and I think in a week or less it will see $320 where it is a buy... One can't just hold this blindly, you gotta trade it...
it's a risk i'm willing to take, with a longer term view call it a hunch, a guess, a feeling, whatever... and i don't think i'm alone; there is some serious money being thrown at bitcoin technology [so, i'm not doing it blindly] marc
The point is, when it goes vertical, you gotta sell it and buy it back at the retreat, if you want to trade your conviction (long)...
Wow my timing is impeccable I did happen to start signing up on Gemini, really nice looking interface, though I stopped short of the identification process.
It was faster than I expected, but already dropped back to $300 and currently at $324.... Let's see if it is a buy from here... Explanation:
Sure it was, went up to $346 before dropping back, $328 right now. My point is, you have to actively trade these fluctuations... I don't think it would go much higher than $360 in the next 2 weeks, so if it reaches that or even 380, that is a short again... generally it will consolidate at a higher level than the previous 240ish... Let's say just above 300....