Bitcoin Bear

Hold off on buys until we see the floor guys. Maybe high $700’s.

Update 12/13/2013: Unsure now.  Bitcoin is certainly trending in social media, and there is lots of news about money pouring into the industry.  However we now live in a world of “nice” platforms like cryptsy, where lots of the cash coming in is filtering into all the alt markets that bitcoin feeds.

Bitcoin volatility is at all time highs on an absolute scale in USD for the week.  I do not know where the price goes next.  I’m making some small buys on fixed occasion as I did when I began bitcoin investing – simple dollar cost averaging can help you build up BTC while protecting you from volatility.  Always remember, when times get strange, cash is king.  Also ALSO remember, don’t panic and sell all your coins.

Posted in Bitcoin, Stuff

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