You are viewing a single comment's thread from:

RE: Surviving the Entrepreneurial Storm in Crypto.

in #bitcoin7 years ago

It seems to be shakeout time, as the weaker nerved ones rush to the exit and sell low. Where will it bottom, like you said who knows. But I agree - it will bottom out. And when it does, reverse and give us all great buying opportunities before returning greater than before. Having traded markets for many years I have learned to see certain patterns in the charts. So long as the underlying asset is of value (and Bitcoin is) then I'm in still in.

Sort:  

We are far from done. I was thinking the top was $9k so I missed 50% of the move up but that is part of trading. The next leg up will be giant in comparison. At least I hope.

If monday it breaks 9350 then you can expect some gains.

Anyway, i loved your ambitous attitude to opt out from fiat in your real business.
Have you asked yourself questions like:

  • what should you do with massive fluctuations of the currencies you are willing to opt in?
  • do you fundamentally believe in bitcoin or any other crypto as currency?

I struggled to answer positively to the second one, but i failed! Bitcoin looks more like a commodity or less liquid asset.
Ethereum looks like a platform... ripple... was the nearest one to a currency but... i just don't know yet...