Crypto Down BIG - I'm cautiously increasing positions
7 years ago in #cryptocurrency by cryptobobby (65)
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This makes me remember the quote "do not catch a falling knife".
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Breaking news, @cryptobobby pays China $5 worth of Monero to spread international crypto FUD with the aim of crashing the entire crypto market so he can load up on more cheap Cardano.
Facts are facts!
PS, any more of these crashes and you might have to rebrand your show to the "Crypto Sad Hour" and compliment it with a lot more heavy drinking.
Hahaha I'm running off with your cheap crypto now
LOL, don't we all :)
@cryptobobby how would you tackle this situation in a uncertain market. How much do you sell off if you do that is?
Here's my technical analysis on bitcoin:
"Game Over For Cryptos?"
https://steemit.com/bitcoin/@benkalashnikov/btc-update-analysis
Your advice is pretty good. However, it is important for each individual to focus on who and what they are, what they want, and where they want to go. It is not really about the coin or crypto, it is about the person. This aspect of humanity is left out of a lot of analysis. In this chaos, we rely on charts and reactions. It's okay, but it is imperative that we inject our own realities as part of the equation.
Its a great time to buy some coins that are BTC value down ! Do you think ripple is a good buy ? I am not big fan of the project but i think it will jump again around 2-2,50$, and then sell and take profits?
Ehh, honestly I think XRP might have had it's run already. It went up to a MASSIVE valuation so I don't think it's a safe assumption that it will automatically get back to ATH's anytime soon
Personally I like Nem and NEO for technological reasons and they have much smaller market caps which I think indicates they have room to grow Ripple is very highly valued I don't think it will loose much more. Asia is obviously slowing down on buys and NEO and NEM are both asian currency and willing to work with the Government so I'm expecting these to win out
I will be taking this opportunity to buy into several coins scaling in small in case they continue to crash. If something goes up over 20x in a year, then falling to half of that is not concerning to me.
Any investment capital I put into cryto, I am comfortable losing. I have to keep reminding my self the daily value of my crypto portfolio isn't real until I cash out.
Solid thought process there, I'm scaling in as well as I think this dip could continue
I got into this cryptocurrency world like a week ago.
I was waiting for a price drops and now I bought something.
Hopefully, they rise again soon.
Since you're a little bit more experienced than me, what do you think how long will the price keep dropping
Does bitcointax support any countries outside of US?
Good post
i have been always keeping some free #btc and $usdt for this occasion
it's a way toke some quick profit
enjoy
I am not a big fan of what's going on in the markets at the moment either.. Between media and governmental actions, cryptos are being hit hard.
It is certainly just a dip as it would take a lot more to crash a market, but I'm not sure if we've finished consolidating just yet. Thanks for the update!
i think i buy some coin and use them leter ... @cryptobobby
its right time to buy coins and make money. @cryptobobby
This is a fud man...
The market drops 15% and it's FUD? Are you delusional... And did you watch the video? I'm guessing not
You have to ask yourself: Next year will I thank myself for selling?
I've been thinking about doubling down and investing my own money on Steem during this.
It is a great time to buy as you said! I am buying more of bitcoin.!!! Again, cautiously!;)
Very pertinent post! Need to maintain cool and look for the longer term. Continue doing homework and opportunities will come at good prices. I would suggest also staying in larger cap assets at this point. They should be the first to stabilize and lead the market.
This is all the people in that bought crypto because they saw it in the news and don't really now what it is pulling out. lol