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RE: Attention Sharks - There is blood in the water. Are you ready to invest?

in #steemit8 years ago (edited)

I see what you are saying. I at least understand where you are coming from now, and that you are not just throwing out accusations because you don't like what I'm saying. I will try to explain where I am coming from.

I purposely titled the post "Are you ready to invest?" not "The time to invest now". The reason is because today, right at this point in time, is probably not the point it is going to all of a sudden turn around and start going up. It could be soon -but we don't know.

Regardless of whether it turns around today, tomorrow, next week, next month, or 6 months from now - I do feel that at today's price it is a good buy. The reason is because there is so much upside potential, which is what I presented in my article.

If you look at the total market-cap on http://coinmarketcap.com/, we are still above the "pre-peak" market-cap - but not by much. From a technical perspective, there is actually a decent chance that we are nearing the bottom, if the pre-spike level was a good market-cap valuation of the platform. There are a lot of "what-ifs" and speculation in that, but it is a reasonable argument.

Based on that, now really is the time for an investor to start asking themselves the question about whether or not they want to invest. Looking at it from the long-term perspective, whether $0.15 cents, $0.10 cents, $0.05 cents, or even $0.01 cent is where it hits bottom - if 5 years from now it is sitting at $30.00 per coin, is not really that relevant. If an investor buys in anywhere in that range and the price does go up - then it was a good decision.

You asked me "do not honestly believe the price is about to go up". The key part of that when I read it was "about to". I would be lying if I said I expected it to all of a sudden turn around within the next few days (or weeks, or anytime in the immediate future for that matter). I was also not trying to make the case in my article though that things were all of a sudden about to turn around.

If you asked me the question "do you think that the price is going to go up a lot higher than it is today?" - without a constraint of when that was going to occur, then my answer would be a resounding "yes". That was the point of my article.

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