Bitcoin - That moment when you realise you've been watching the hourly chart.....for 2 hours
Yep, it happens to the best of us; you sit there wondering when we are going to see a green or red line spike straight out of a pattern, then realise you've been watching the hourly price chart....paint is dry on the walls now though!
I wouldn't say this is a descending triangle per se, but surely it must be coming soon!
Everyone wants to see the $174,456,333 Bitcoin and our weekly 60k Satoshis from faucets turned into gold, but surely a correction is due if this is going to become a reality (perhaps I might have been overzealous with my BTC future price...)
CNN is screaaming out for the "Bubble" to burst as you can tell by this video of Jordan Belfort
Below is what a bubble should look like.
What do you think? Did you buy Ark, Neo, Dash or any other great cryptocurrencies and see a massive loss to BTC comparative value, but think "yeah, I'm down with that"?
Perhaps you're offloading to get back on the gravy train?
Let me know your thoughts and comments below!
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You will not be able to earn 60 000 sat from faucets in case of $174,456,333 Bitcoin, because the faucets will not bring even one satoshi :)
Anyway, very good post!
Ha! Thanks! Yeah, it's 60k satoshis now, but like you say, much higher and we'll be lucky to get 10 satoshis a week! Apparently there were faucets a few years ago that had top prizes of up to 10BTC.....can you imagine....
Like others I wished I stayed with bitcoin from the start. The picks for a rising altcoin is not as easy as it looks because once you miss the 100% or 200% gains it takes a while for the coin to rise. Also you hope it doesn't fall once in. Like XEM was less than $0.25 just a couple of weeks ago and now almost double.
It is hard choosing the next winner for sure.. I think this early in the game the strategy really needs to be pick a bunch, diversify... hang on when it is your turn to pump and then add on the dips in between pumps.. but im just some guy on the internet so... yea hahaha
Point well taken. Should just go with some rather than a few as overall market cap of crypto currency has risen. Most top 100 have gains since I started. The buy in to them are high so ROI is not nearly what early holders are earning. Hold the coins for a long time without looking at the prices which is hard to do, but beneficial for the long term
Good points all round guys! I think everyone is gutted to look back with hindsight, but I'm fairly sure this theme will continue to repeat throughout the history of markets and investments. Luckily we're in early on much of the action, so hopefully we chose the right products and will be in for the big gains to come!
You can't hold alt-coins long term. Not really, there's not enough depth in the markets yet. They are good for day trading though! Like stocks, if you're a long term investor, you want to stay with the blue chips. I'd say that's more true than ever here in the crypto world.
I think, though, that you might like ter.
@OriginalWorks
Is it not time for bubble yet. Read more here.
But something is not right, Steam of Bitcoin fading slowly away. SAS (Survive And See what will happen)
I'm mostly in alts and have been for a while now. To be honest, it turned out to be a mistake: I should have stayed in Bitcoin longer. However I do feel it is a good thing to be in alts right now. Bitcoin can go up 10-20-30% but alts are going 100-200-300% right now. It's just a matter of picking the right alts and waiting your turn, it looks like.
I just hope my stash will increase enough so that I make back what I lost in BTC value. Dollar-wise, I never had as much as I have now.. so I shouldn't complain really. It hurts to think how much I would have had otherwise though!
I'm with you on that one for sure. It's awful to know you could be buying x3 the alts you bought with the same BTC a few month ago, but as we can't predict the future, I'm content that I made good investments ahead of them increasing exponentially as you say.
The dollar value of my portfolio has increased a great deal over the last few months. Only the BTC value has gone down. If BTC were to crash tomorrow and not take alts with it (I think only a few fad coins would go), we'd be sitting pretty on our strong and advanced future technologies....I hope! :)
Haha, it would be nice if Bitcoin wouldn't take alts with it, but I wouldn't count on it!
I do think other coins are the future more than Bitcoin is though. Even though it pains me that I have too little Bitcoin, it also pains me to get rid of some of my alts because I know some of them will be amazing!
That's why I will never sell 100% of my stacks and always keep 10-20% of those coins 'just in case'.
I'm gutted to see the overall BTC value of my stack being demolished, but I'm actually quite happy that I'm holding a relatively small amount of BTC. I do want it to gain and will be glad to see my holding increase in value, but I think the investments in diversified products that I've researched well and believe in will come good in the end. Providing Bitcoin doesn't drag the whole ship down with it! :)
i upvote your daily post and you upvote my this post i follow you thanks and my daily latest posts every day
https://steemit.com/bitcoin/@sagheer46/financial-inclusion-and-efficient-remittance-system-can-save-africa-from-med
We bought in on ether at 334 with 1 coin, because thats all we could afford. We also got 2 ltc at 70. So far we are happy, but we will hold onto it till mid summer and see what happens. We also got substratum and iota because we think the technology behind it outta good
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