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RE: Beating Bitcoin Series (1) - Take Advantage of Valuable Tokens With Scheduled Supply Burn to Potentially 300% Gains

in #bitcoin7 years ago

I do not predict prices. Nor offer financial advice so do not take anything here as such. That would be doing the same as chart readers do - which is a practice I frown upon. For fundamental value, I'm using the indicator introduced here as a guide:
https://steemit.com/bitcoins/@kenraphael/there-is-little-chance-bitcoins-can-sustain-any-real-recovery-until-this-fundamental-metric-begins-to-turn-upwards-again
The demand side still looks weak and I doubt without the additional 3m tethers recently minted it would even be at this level. I'm waiting to see after tax refund season (middle April) if true demand returns to tell how many more months the sideways and lower prices would continue. But it would definitely end.

A good idea might be to simply get in at one of the lows at good value. I don't think there is not that much difference from a risk-reward viewpoint between getting in at 6K or at 4K by the time it gets to 20K or even 50K if you believe that's where its going. And then maybe use some of the more sure accelerating strategies along the way such as the one discussed here.