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RE: My technical analysis for the markets today [ironic!]

in #steem8 years ago

Aw, I'm sorry to hear that...both about your bad trading day and having your STEEM stuck on polonieux...ouch :(

That's a tough break for sure but I think you've got a good attitude about it/good way of looking at it. It's always good when we can learn from our difficult experiences.

I think your judgement is sound in terms of where the market is going.

Yeah, I just added a bit of SAN to my portfolio. I really want to get into CIVIC too (starting to regret that I missed their ICO) but it's not out on the exchanges yet and I have no idea when it will be....so I'll have to keep my eyes peeled.

Basically, when I looked down a list of ico's a little while back when I was trying to figure out what to invest in, SAN was the most interesting to me. I thought that the Santiment folks really had something that people would want.....cryptos investors wanting data on market sentiment/better data all in one place to help them make better trade decisions. I also liked how the SAN token was well integrated into their platform, similar to how STEEM is here. I'm not sure what type of return it could bring but I think it will be successful and is the first of it's kind in the market. They already have a working product too....I believe now they just need to add more features to it.

To be honest though....it was really my gut instinct more than anything else....it just stood out to me more than the others and I think I then thought about if further and came up with good logical arguments/reasoning for why I should invest. As I'm sure you probably know already though....I'm no pro at this and barely know what I'm doing.....so please don't take that as investment advice or anything like that...haha. I'm just having fun investing a little in the crypto world. I've been lucky that I've made a bit of money with this, but that's really because it's easier to make money with cryptos if you hold for a couple years, then only sell once you're sure it's higher than when you bought. I would totally fail at day trading though, I just know it.

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Hey thanks. Yeah, just the way it goes - some trades are good, others not so good - that's the job really. I'm looking at the current downtrend with some relish though, just in the sense that if you can buy at the bottom of a deep spike down, it's one of best opportunities to make some money (even if my 'hold' portfolio keeps dropping in value).

As for SAN, ah - I remember, I did look it up. I did see they mentioned using the poloniex troll box iirc but unfortunately that's no longer around at present. But I guess there are other metrics they can use. Might look into it, when the market downturn bottoms out. I am definitely not buying anything more though from now on (even steem ;) ) until I think the correction is over!! I'm looking for ETH somewhere between 120 and 150, and BTC between 1500 and 1700. These are just guesses on my part though, and not trading advice either of course.

As for my 'trapped steem', Im optimistic poloniex will be able to 'free it' for me at sometime in the future ;). Otherwise I'll just have to give up like last time and re-buy on bittrex (annoying!)

Anyway, I hope you have good fortune with your continued investing (if not trading)! :D

Thanks, you too :)