This may be the last time we see Bitcoin under $20K USD.

Bitcoin traders woke to discounted Bitcoin prices this morning. Many new Bitcoin buyers might have been disappointed with the price drop. They should be reminded of the old adage, "Buy low, sell high."

Trading according to this adage is easier said than done. Our human psyche wants to join a winning team. The idea of hopping on to a sinking boat repels us naturally - for good reason. But the trick is to trust that this is not a sinking boat, it just appears to be one. Remember, also, that you can not lose money if you do not sell at a loss. Of course, there's no guarantee, but it's a worthwhile risk if you stay within your limits.

Large-scale investors of Bitcoin can sell relatively small portions of their holdings into the market to spur a price drop which is then further precipitated by a sort of "peer pressure", inciting weaker hands to sell off and further exacerbate a price drop. Once the price has bottomed out, the large-scale investors buy back in at the discounted price and end up far ahead of where they were when they initiated the sell-off.

It is my opinion that this is what we are seeing now. In fact, this sell-off - buy cycle will likely happen three or four more times before futures launch tomorrow evening. Futures will bring in an entirely new group of investors with mass volumes of money. There may never again be a time to buy Bitcoin at these prices.

*This is not professional trading advice - just my opinion!

BTC: 1FadQUp6PxQcbt1sicLRDE3f7v2kQPpVBq

BCH: 13Gb1p2m9evD6jaR2ZEs1dyVPRWojKFEfY

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