Post by
TrumpSavage on Nov 29, 2020 1:56pm
DEAD CAT BOUNCE ;)
In all honesty. Nice bump here. Congrats to the longs.
I lost position here for sure, not all that bothered sitting on hundreds of thousands in cash. Will look to add more in anticipation of another breakout if i'm fully convinced tomorrow that it's not another dead cat bounce.
The major concern in this whole game is the amount of speculative interest that has entered this stock in the last month. Everyone's here to become millionaires. That means inevitably there will be major bagholders when this is all over. Remember every other market participant is your oponent and will trample over you to the exit when it drops.
No one is your friend, especially on Stockhouse. Good luck.
Comment by
Bac0n on Nov 29, 2020 4:56pm
finally he says something that makes sense. I agree with what you said. Especially about fellow investors being competition that will trample you. Well put. -Bac0n
Comment by
2buyornot2buy on Nov 29, 2020 7:21pm
This ain't no dead cat bounce. If we must keep it to animals...you got caught in a bear trap on Friday morning. No real resistance of note for Ethereum until around $790 but that will only be a temporary stop.
Comment by
DotComRich on Nov 29, 2020 8:07pm
People that were expecting BTC to drop to 13k area are greedier than the ones buying at 19k. There is too much bull momentum and it just keeps growing. Prices are still far too low to see any significant kind of correction like the last bull run of 2017. Maybe when prices double or triple from here we will see bigger 30-40% corrections but certainly not at these prices.
Comment by
Livefreeordie on Nov 29, 2020 9:23pm
Good job fellas! Bitcoin only now has proven to be a safe bet for my money. I needed 18,500$. Will buy back in tomorrow, only under 1.10 tho cause I’m not paying more than what I sold for! Fingers crossed!