RE: Update for Bitcoin As Wall Street Jumps in!
Hi Humblestudent,
That's a very friendly and welcome advice from you, thank you for that! I am in a sort of the same position as you are. I am hodling in and maybe I invest a litle bit more money. I entered the market in November 2017 and really it felt like I was standing and sleeping under the money tree. That made me a litle bit greedy and I forgot to sale and take some profits. So now I have seen the other side I hope I have learned my lesson. But I think maybe I can use some advice in the future when it is the right time for selling. For example I bought Verge in November at $ 0.006 110.000 coins, and it went up to $ 0.25 in a few weeks....I was thinking "maybe it will be at $ 0.75 in a couple of months so why should I sell... ?".
Have a nice day everybody and maybe talk to you later!
Hi buttercups!
Oh, I was on the verge rocket as well. The same as you, I bought it at 0.006 in November and was quite ecstatic when it was $ 0.25 or maybe even higher for a short moment. I sold about half of my verge though - first at 1000 satoshi, then at about 1400 and bought some more bitshares and steem. However, I am bullish on Verge and believe that this coin has some great potential to get to about 1 usd before the end of this year - let's hope it happens!
I might be tempted to buy a few more coins too if they get cheaper, but not before I see how this Tether and Bitfinex situation unfolds. If bitcoin gets to 7K and there is still uncertainty around Tether, I will wait a bit more cause we can go back to 4K or so. This, of course is the most bearish scenario for me in the short term - my primary is once we reach about 7K (or better - we never reach it again and this correction is already over), the market becomes bullish again.
Enjoy your weekend!
Hi,
I have also read about the Tether and Bitfinex story. I was on twitter with the chief finance of Bitfinex i wrote him a message in my despair :-). He said that everything is oke and that its al fud.
On the other hand I was thinking that one anonymous guy on twitter could be a "wolf of Wall Street" who blows the whole thing out of proportion...to create an excellent moment to enter the market. They must have had there bonus this week i think. And i think that the marketcap of Theter is in the world of the real big money not so big that they cannot find a solution for it...
Time will tell, nice weekend!
Hi!
Sure, everything concerning Tether might be fine. It is just the way they handled the situation that makes me not to trust the CEO and the rest of the staff. Even if Tether blows, the impact on bitcoin and the alts might not be that big - I read this interview with the CEO of TenX (and this is someone who should be proficient at evaluating risk) and he expected about 10-15% decline in bitcoin price if Tether proves to be a fraud. It sounds bad, but it's not the end of the world:)
p.s. I saw in one of your comments that you were coming from the Netherlands. I've been there a few times and have a few friends - it's a very interesting country with friendly and open-minded people! I plan to study Dutch (or actually Flemish) as would like to move to Gent, Belgium this summer. Anyway, I wish you a nice Sunday and huge profits!
Hoi Humblestudent,
Wat leuk om wat van je te horen. Ik denk dat in de wereld van het grote geld ook altijd wel sprake zal zijn van fraude. BTC is immers ontstaan als reactie op de bankencrises.
Wat leuk dat je Nederlands gaat studeren.
Ik wens je veel succes!
Groetjes, Carola
Dag, Carola! Ik ben Alex. Leuk je te ontmoeten!
Mijn Nederlands is heel slecht nu, het spijt me als het moeilijk te verstaan is.
Ik ga akkoord met jouw dat BTC een reactie op de bankencrises is en dat het kan de banken gedateerd maken (misschien niet BTC, omdat het heel langzaam en kostbaar is, maar aan andere alt coin?). Maar dat zal heel moeilijk zijn, omdat de banken en de regeringen houden niet van bitcoin te veel en zij willen meer regulaties te hebben. Ik geloof dat dat zal niet straks gebeuren, omdat dat een andere potentieel probleem voor de prijs is.
Groetjes, Alex
(Hopefully, I did not torture you too much with my attempts at speaking Dutch:)
Dag Alex,
Nice to here from you. I am surprised really the first phrases are not bad at all ! Your attempt to speak Dutch has made me smile. I am not in a very good mood at the moment but I am hodling. I hope for the best, thank you and have a nice evening.
Dag, Carola! Happy to hear I made you smile in these difficult (for bitcoin holders) times.
I like and respect Salah and his analysis a lot, but I believe we should hear what other analysts think as well.
Here's an analysis which I resteemed to all my followers and I think is worth listening to - https://steemit.com/bitcoin/@passion-ground/btc-elliott-wave-101-the-big-picture-plus-clearly-defining-the-risk-of-absolute-ruin-for-btc
The guy has about 20 years of EW experience and you kind of take him seriously while he talks (at least I did). Enjoy your evening and hopefully tomorrow we wake up a bit richer than today! Cheers!
p.s. Salah, my friend, if you are reading this and you want me to, I will delete the link for this guy's analysis from your blog, just let me know.