Trade Alert - STEEM Dollars 💲💲.

in #steem • 7 years ago (edited)

Hi traders, just a very quick post to let you know that if you are holding Steem dollars, now might be a ripe time to convert some into STEEM or cold hard cash.

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  • As usual, don't go all out in case this does something truly crazy but if I had a lot of unused STEEM dollars (which I don't), I would at least close 60% of the position on this parabolic move.

  • I wouldn't buy any Bitcoin with the profit because we're due for a correction. Not sure how altcoins will respond to BTC correcting, the safer play seems to be cash at this point.

More on Bitcoin in my next post coming soon.

SPOILER: don't buy now.

Cheers,

Dan

#busy #cryptocurrency #bitcoin
7 years ago in #steem by
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    • [-]
     7 years ago 

    Thanks for the advice!

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     7 years ago 

    Great read overall! Thanks for sharing! Looking forward to hearing more of your thoughts on the crypto markets!


    https://steemit.com/bitcoin/@college-is-dumb/bitcoin-crash-sunday-bitcoin-overpriced-investment-banks-manipulating-futures

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       7 years ago 

      Thanks for stopping by @college-is-dumb, I reckon we're headed for a massive correction on BTC, probably before Monday when CBOE futures go live, I am mostly in cash which I have on multiple exchanges, waiting to see how the market will react to the launch of the futures, now is not a time to invest in BTC.

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         7 years ago 

        Hope you caught that wave to $17 SBD / on Bittrex 🤑🔥🚀💸
        Booooomin

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           7 years ago (edited)

          I didn't but I am sure someone's very happy right now :D
          Did you catch it?

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           7 years ago 

          By chance, happened to check on a transfer and saw my SBD was way high..lol I did sell a few from $12-16 but was buying at .75-1.10 so I would have kicked myself for not peeling off a few.. Nice 5 hours of sleep after all this excitement.. Best luck & happy trades to you, me, and the rest of us!

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            [-]
             7 years ago 

            Well played mate ;)

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            1 vote
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            [-]
             7 years ago 

            Waiting for the BTC correction. I was shocked by the internal market rate and the sudden rocket of both Steem and SBD.... Keep converting SBD and power up around 1.0 to 0.6 something.. No more SBD now, only do a small scale STEEM arbitrage to soothe the bad feeling T_T

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              [-]
               7 years ago 

              hi @nanosesame CBOE bitcoin futures start trading tomorrow, we'll see how the market react to it, I am heavy in cash until then.

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