BITCOIN: Should you catch a falling knife?
bitcoin·@keiserreport·
0.000 HBDBITCOIN: Should you catch a falling knife?
They say you should never catch a falling knife. Probably something to do with the physics of an object in motion tends to stay in motion. And it can hurt when it keeps falling after you've caught it. <center></center> I'm no technical analyst, but I bet those who are would say that this pattern over the past month looks like the price would breakdown <i>(regardless of anything Jamie Dimon said or the Chinese government banned)</i>:  So . . . should you catch a falling knife? It's up to you and your tolerance for joyrides, of course. I always dollar cost average, however; whether it's stacking bitcoin, silver or gold. That way, I avoid the adrenalin rush of either the euphoric bubbly action or the terrifying receding ones. Over the past 6 or 7 years, you've never gone wrong buying the dips, even the falling knife sorts, but that was when bitcoin was almost entirely obscure and only the Keiser Report was covering the new asset class. Now everyone and their mother is covering it in the financial news space and hedgies and bankers (except Jamie Dimon) are pumping it. Enjoy the ride! So do what it takes to bring yourself that stacking joy - ie edge of your seat day trading or calm, cool, collected dollar cost averaging. To each his/her own. <i>[Signed, Stacy]</i>
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