BTFD: “Buy the Fucking Dip.” Advice to other traders to pick up a coin that’s presumably hit its bottom.
Thanks for the explanation.
At this point I don't dare to call a bottom (neither in BTC, nor BCH nor crypto markets in general). Doesn't feel like one yet to me. That said, I'm not as "connected" to the markets as I used to be.
I wouldn't mind going lower yet personally. Wanna do that "phoenix from the ashes" thing in cash. The fundamentals are there thanks to everyones continually great work and enthusiasm...
i think it is likely BTC has more to drop, to ATH/5 or ATH/6 (going from past experience).
Judging from the past, even a drop down to previous ATH is in the cards. Used to happen rather dependably, I think. I know that would mean a crazy ATH/15... a ~94% drop (!!!). But it's in the cards... hell: the fundamentals aren't there any more. What stops a fall and builds a bottom? Fundamentals. It's a broken payment system at this point and most of us agree on what that means for its store-of-value feature: it'll go POOOOF also.
Now for cash the story is different. It'll have to decouple at some point and that point would be another great opportunity for everyone with balls and brains to hop on the right train.