RE: Bitcoin Update 12.03.2018
I follow advice and trust from this community from 5. January, 2018 . I'm new in this crypto world, and unfortunately for me, every single advice was wrong. I know that was only my decision, but I had a trust for self-confident words by Sir salahuddin2004 and Haejin. btw he (Haejin) is by my opinion worst analyst I ever found, he is like Xerox photocopy ElliotWave, 5th wave, ZigZag, TA, MACD, ABC correction interpreter.
So, what is the purpose of analyst if his interpretations mostly (in my case 100%) are wrong.
What I learned in this short time:
When BTC makes starting correction, sell everything to fiat, or convert alts to BTC, and wait until solid signs of recovery (do not hurry up, wait until price approach your target price, patience is cruscial), then convert fiat or BTC to your favorite alts.
My loss is significant (compared by my annual earnings, from starting position of $30.000 and 2.8BTC, I'm currently now at 1.16BTC or ~$10.800). I'm an investor, so I still hold my alts and probably I'll lose more money, but I will try to wait upcoming months or years to find my opportunity.
My personal opinion for this year:
BTC will struggle between $7.000 & $12.800, with some peak of 15-17K in August and December.
Fully respect Sir salahuddin2004, but it's my personal opinion.
Dear @dlacman,
Nobody can predict the future but in the end, patience wins....
I recently read a story about a crypto millionaire in the Netherlands, his advice was:
Buy, keep it safe and do not look at the course for a long time ....
I hope that in the near future you and me think back to this period with a smile and that everything has worked out well for us. Take care!
Thank you @buttercups
Your advice is exactly what I will do.
I continue to follow @salahuddin2004 post, because I need his optimism and he never tried to change posted words or to modify predictions. Hats off to him.
Best.
@dlacman, no thanks ;-)
I really feel sorry for you, but you are not alone.
I think at this moment we have to deal with Mt. Gox. But I think, this is a short term concern because at a certain moment he is sold out, it doesn't change the bigger picture.
And I certainly believe that @salahuddin2004 has the best intentions to help us. He is courageous and self-assured otherwise he would never be able to do this work. In the Netherlands we say: a sheep must sit still when he is shaved ...
We sit still and hope for better times, greetings
@dlacman Cryptos are still very new and hence high volatility. You should not invest anything more than you can afford to lose. Some cryptos may go down to zero even. Only put in what you can afford to lose completely. However, cryptos being an asymetric investment, a little can turn into a lot. Balance what you can, what you cannot.
@khamen, good advice, thank you!
I fully agree. I am in better situation, still with 50% profits since I get into crypto world. I don't really believe that after this 20K bubble burst we will go straight up. After first bitcoin bubble it took 2 years to recover. The fundamental analysis also is not very optymistic. High fees, long transaction times, still little improvements that would start mass adoption. For now I trade only reactively. Only buy when forums are crying - it is a sign of a temporary reversal. And sell when some optymism grows.