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RE: This is where the fundamental guy and the old skool Steemian in me takes over.

in #exyle5 years ago

@exyle I bought at $0.41 about two weeks ago because things looked steady. It looks like it's on it's way down again, but I agree, it is impossible to predict. All you can do is make sure you are comfortable at purchasing where you do, knowing the likelihood of a increase or drop (even significant) is possible. Things do appear cyclical at times, but I feel we are getting into a time of uncharted waters with the possibility of new money and new investments breaking into the crypto scene. Thanks for the updates on much of what is happening. It is helpful to newbies and OG's alike.

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I don't think you bought at a bad level. Buying at the precise bottom is more luck than wisdom. I personally think it's impossible. I have always gradually bought in a downtrend. Will still do this but waiting for lower $ prices, already bought in the last downtrend at lower $ levels then now.