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RE: Vlog #69: It's not bad to see alts in the red when Bitcoin trades at all time high.

in #life7 years ago

I've had similar thoughts as too waiting for a good entry point with BCH but I'm starting to rethink my position on this. The BTC price thrown me for loop as I expected that the HF worries were over and that was already priced into the market, but I didn't take into account the consolidation that is happening with BTC in regards to people selling BCH and alts for BTC. The Alts and Steem I know will usually piggy back off the BTC rise and I'll be looking to see if BTC can hold the 3k price. If it does I think we'll definitely see some new highs and might test 4k. I'm leaning more towards adding to my Steem or EOS positions rather than BCH. I hadn't thought Steem or EOS were buys above $1 but if BTC keeps marching higher I'll have to rethink that. Have a great weekend brother.

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BCH would just be a small gamble for me. But it needs to reach my target price first. That could be a while (or never). STEEM is still my favorite crypto.

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