Those are some bloody charts. We have gotten hit really hard in the month to date chart. I wouldn't mind to see it continue to get hit for another month or two. I'm looking for some gains towards the end of the summer. We're in a consolidation phase right now and the next wave up could consolidate at even higher prices. I plan on buying weekly through the end of the year. Looking forward to the rest of 2018! Thanks for the update!
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I follow your logic and approach, so I'm curious: what do you think is going to kick off the upswing? Any theories? General or specific?
This market thrives on volatility. I look at reasonable market cap growth to give me an idea of where prices could realistically fall. I also think that crypto markets like 10x gains, so the price has to settle low enough where a 10x increase in market cap isn’t totally out of the question. So for me, if BTC wants to settle around 20k it would need to drop and hold for a short period 2k price. I think that’s what we’re doing in the market today. We’re trying to find and hold a bottom that can 10x while maintaining a realistic overall market cap. I’ve been sat in $0.90-1.5 STEEM for a while now. Only because I think it can 10x from there and still have a reasonable market cap. Timing is never clear, but crypto moves 10x faster than the regular markets, so I can only speculate it’s not gonna take a decade. Hope this makes sense! Thanks for the comment!
Think of it this way.. Do you feel that the price is so low now that it will not be traded much lower? If so, Buy / Hold on... Do you feel that it can be traded even lower before moving upwards again? If so, Do not buy / sell...
And remember, only the really serious and qualitative projects will be trading upwards in price.. My own instinct says NEM, Envion, SunContract, Neo, Binance, Lykke, LiteCoin, PAC, DGB, XDN, XRP, maybe EbitCoin, Ether Classic? .. Im doubting a lot of otherwise very popular ones, especially BitCoin and Ethereum because of the high prices and limits of the technology...
please follow me and i will follow you all too! Lets get successfull here on Steem.
I am really positive about Steem, but I do not know so much still .. !
I foresaw this crash of BitCoin and Ethereum, but I did not think it would pull almost EVERY crypto down with it...
NEM and Digix Dao seems really stable and able to go their own way amidst total selloffs everywhere!
Freedom First!
Think of it this way.. Do you feel that the price is so low now that it will not be traded much lower? If so, Buy / Hold on... Do you feel that it can be traded even lower before moving upwards again? If so, Do not buy / sell...
And remember, only the really serious and qualitative projects will be trading upwards in price.. My own instinct says NEM, Envion, SunContract, Neo, Binance, Lykke, LiteCoin, PAC, DGB, XDN, XRP, maybe EbitCoin, Ether Classic? .. Im doubting a lot of otherwise very popular ones, especially BitCoin and Ethereum because of the high prices and limits of the technology...
please follow me and i will follow you all too! Lets get successfull here on Steem.
I am really positive about Steem, but I do not know so much still .. !
I foresaw this crash of BitCoin and Ethereum, but I did not think it would pull almost EVERY crypto down with it...
NEM and Digix Dao seems really stable and able to go their own way amidst total selloffs everywhere!
Freedom First!