NEM has been absolutely going ballistic bat shit crazy! I've been trying to take a position in it for months, but it never pulls back more than like 20%. It pains me to think about how much profit I could have made if I would have just bitten the bullet and entered on a "shallow retrace" all that time back.
Never buy at the top, remember stairs up, elevator down. In Dec 2013 when BTC went ATH people were throwing money at the FOTM and became bagholders. The markets will correct, history and charting have proven that.
Yes, I agree @bitcoinsig. It's because of that philosophy that I was never able to get in in the first place!
yeah i feel you james brown. Im in the same boat I bought 100 a while back.
I'm sure there's a boat full of us! What a crazy market.
Cool name, btw. I love, love, love that movie.
you think my 100 NEM will be worth a lot for sale soon? or should i just keep gobbling them up for now?
Dude, I don't think I'm the right guy to answer that right now. I've been thinking that the up-trend was done for several weeks now.
Daily candles keep putting in these long upper wicks (kind of like what's happening right now), signaling to me that it will move into a strong correction, but the correction never really comes. I mean, it corrects, but very shallowly, and then quickly moves on to new highs.
A strategy that I often use for these types of markets is to sell like one third to half of my position when I get one of these signs and hold the rest in case I made the wrong call.
yo thats a good point bro. I've heard that when you accumulate never sell the whole batch just a portion to give yourself a cushion. btw peep digibyte and golem
I've had my eyes on golem for a while now. Digibyte, I'll admit I know close to nothing about.