Bitcon segwit

in #steemit7 years ago

For those who just joined cryptocurrency world. You might have come in a very difficult and uncertain time. Market behaves unpredictably and a lot of traders are waiting on sideline.

That's why market cap is moving at the same place, refusing to rise.

The SegWit is coming leaving many of us with the question on where the price will be headed.

Starting from August we can see another bull run and price of 1 BTC can reach $3500-$4500.

So, accumulate your capital and be prepared for the next lift. I would suggest you to accumulate your investments gradually since we will definitely see bitcoin and other cryptocurrencies going up and down.

By purchasing it in bits, you can have cost average.

That way you will have less chances of regret on a profitable deal.

For example: instead of buying BTC right now for ~$2500. Try to divide into smaller parts ($250/$500). You can use charts and make an entry points when price goes down.

Right now the price is going up and obviously don't buy now.

Before SegWit many investors and traders will cashout their holding causing price to plunge. Use that moment. Be ready for it and keep your funds ready as well.

And a bit of general advice: try to convert some of your capital into BTC since many altcoins eventually will be gone. When market matures all weak coins are going into extinction. Nobody knows when, but it will certainly happen.

That was my early noon musings (Inspired)

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