What a nice article!
I just started with crypto's and I bought some altcoins wich are cheaper. Part because there is something pshycolical in spending 100$ and getting 0,000000something BTC, instead of 400XRP. ( I know this does not make any sense at all, but i guess this is a common thing among traders), the other main reason is I really don´t like buying anything that is peaking. I feel allot more comfortable buying assets that are oversold or way below their price. (Based on historical data).
I mean I do think BTC will get to unthinkable levels in the near future, and i probably kill myself for not buying BTC @ 5000 USD within the next year or so, but I prefer buying in dips. I´d love to get into Steam for example, or buy more Bitshares.
If BTC would fall for a few weeks, showing resistance levels and strong price action, perhaps i´d enter.
I could be missing the boat yes, but on the other hand I find it hard to believe that BTC rockets all the way up to 100k withouth big reversals (like in 2015).
BTCUSD monthly chart
By the way, jazminmillion, i love the graphics.
Ty for the feed back and kind words ;D