You can do that here too ya know.... I like live calls. You won't get trolled if you miss a few. I never do.
slightly easier on the equity side due to the upward drift... lucky enough to have caught the rise from 2009, with increasingly heavier allocation towards equities and lighter towards bonds, as valuation was clearly out of wack (stocks were under-priced)... and some simple price action plays applied to the volatility in 2011, 2015 and 2016 allowed some buys at cheap.. and that was enough.
price action for the past month - these whales can hold the price stable with bids and asks for a few days... the goal is to distribute as much as possible... hoping that the asks will get hit more often. but if the bids get hit more often, then they have to race for the lower bids, and try to find the next lower level to distribute more there. with more and more people realizing this is a scam, this pattern will likely go on.. and perhaps with some kind of capitulation move mixed in.
who'd have thunk - the down fall of gold will be triggered by bitcoin. the bitcoin bubble was caused by too much sideline cash that was brainwashed not to buy into corporate america... now bitcoin crashed, this money, now kicking themselves harder for missing yet more equity rallies, now going to the very logical place - gold. once bitcoin is slaughtered to under $1000 and left for dead, the next target will be gold, too much dumb money crowded there.
When bitcoin price gets lower and lower, experts will keep on buying and averaging their position, hoping price will go to 6 digits level ($100 000). Experts even recommend you to buy other types of coins !!! common sense will tell you bitcoin block chain technology can be duplicated. when demand is strong, supply will come in, driving the price down. well. bitcoin might be aiming for 3 digits level.
well. I will press the SELL button first, BUY button later. some people might press BUY button first, SELL button later.
So much giddiness here as bitcoin price keeps going down. The last bear market for bitcoin lasted ~2 years, so better to ration the champagne bottles and only pop one on a schedule, maybe 1 every month.