Crypto Lag
Crypto Lag:
After a wonderful vacation in NY, coming back to crypto is not as easy as I expected it to be. There is a feeling everything is out of place. I literally walked in on another crypto bloodbath, combined with the lack of information on the causes, it makes coming back to normal trading much harder. This intensified feeling of being lost, is what I will call crypto lag, similar to jet lag.
Crypto Events During vacation:
- An early investment in EOS paid a wonderful return (ROI + FREE EOS from trading)
- Tezos ( I was in doubt, but after doing more research it was worth the wait)
- Qtum is back in buying range.
- Still holding PeerPlays
- Quick flip on FunFair
Last night marked my first buy on EOS in the daily auction since my original buy in the 5 day auction. It was a success.
holding is the key , recovery might be slow but it will happen
3 months is the minimum recovery time.
look how fast it turned around!
This is funny. We leave our crypto assets for two days and when we log in back to our exchange accounts - bloodbath. Everything red. It's great for traders but investors in this phase of crypto must also become daily traders if they want to cut potential loses and ha
It's a bloody hell for the last couple of days. We are not even in segwit transition. We will see more of bloodbath to come.
Despite of this, I double my investment call me crazy.
Follow me @Yehey
Come on though, it’s lots of fun! I’m in it for the long term, but a little day trading keeps it fresh and exciting for me
I know I stress so much to HODL but I can't keep my eyes off Bittrex and Poloniex every day! I keep a small portion of my portfolio to day trade, though some days I lose money I still have fun trading! I mostly make money though haha
Haha, me too. Can't stop checking https://coinmarketcap.com/ wondering how much bitcoins I could buy.
I stopped checking the value of the altcoins a week ago. Just waiting for August when hopefully all the cheap coins I bought this week turn a profit
The best thing to do is wait it out, mid August will be totally different in my opinion! for now I would just focus on mining via cloud or machine it will pay off depending the crypto you choose to mine 👍🏼
It has been a mess....... I am impressed with the last month of blood and red and seeing ETC and LTC sideways coming out strong on top of all that too.
I have missed you - almost messaged you to say hi again but don't want to bug you either LOL.
Still waiting for the Aug 1st.
This comment has received a 0.14 % upvote from @booster thanks to: @cryptopie.
The market is just full of people who are in for short term gains, people heard about bitcoin going from a few hundred to almost $3,000 and everyone wants a slice of the pie
its because of this that the market is all over the place, coupled with the fact that august 1st is fast approaching
but i agree, its all becoming a bit too much, and i find myself stepping away from it every now and again because the constant fluctuations are just annoying to see
Your right it's been a bloody blood bath lately god knows what's been going on. Cheers mike
hard life
I feel like if you stop watching for a day you lose your baring for the market. Even going to sleep can change everything
Crypto never sleeps...
Usually that's why it's best to not watch the market at all and stick to a strict automated investing plan.
The crypto space is really volatile, it takes seconds/minutes to gain or lose :)
Hope you enjoy your holiday @joseph now hardwork again for next holiday
Watching my portfolio decline by 50% in just one week gives me also a cryptolag effect I guess...
It is tough indeed. You do your homework, you make your bets and then you wait. And sometimes bleed.
Some people say crypto is easy money. But it takes guts to keep going strong through times like this. Anything but easy.