I think we are close to the bottom being in, if not already. I went ahead and loaded up my full positions the last 2 days. I think we just needed a scary correction before the next leg higher. It flushes out all the weak hands that bought too late
I predict the bottom for Bitcoin is $6000 based on Metcalfe's law because that is the actual worth of it. I predict Ethereum is under valued. I predict ETH will reach $10,000+ this year so another 10x. Of course no one can predict when the next bull run will be, but the next bull run will be trillions of dollars coming into the crypto space.
Worst part is SBD falling below Steem's value. But hey I think it's meant to be that way ;)
The biggest losers are the ones who sold today... Hope we hit the bottom now.
i heard that they are creating a lot more new SBD which will bring the price down, steem is great because there will always be plenty of loyal holders who have faith! :)
I cannot give financial advice. What I do is a strategy like this:
Focus on strong quality investments using precise performance indicators. The problem with cryptocurrency is we do not have the same indicators but we do have some. Utility is one (this could be user satisfaction or the amount of happiness the product or service generates). Another is growth, which you can measure as new active users. Metcalfe's law determines worth based on growth of nodes, while utility tracks satisfaction.
Focus on income generating assets. This is much harder in the crypto space and is the main thing missing. There is almost no place to park your wealth and have income be generated. If this existed then there would be a lot less panic.
Diversification is something I'm focused on. I think a lot of crypto people are only nervous because 100% of their net worth is in crypto. This is fundamentally risky and not necessary. Crypto function mostly like growth stocks, like owning shares in Google or Facebook, so you do not get any income stream like you can from real estate or dividend stocks. There is the exception (NEO) which does pay a sort of dividend though so anyone looking for dividends should look into that.
Bitconnect, I put my excess into it. Now I have no excess to trade with. This is the cost of making an unwise bet. Fortunately there are much safer investments but even the stock market is over valued. It requires a very VERY careful analysis (security analysis) to get into stocks when prices are inflated, but the good news is this crash in stocks may be one of the best times to get in.
Same with crypto, when it crashes if you have cash on hand it is the best time to get in. Dividends, rent, and other productive income generating assets will allow for a cash stash on the sidelines for moments like these. People who were wise enough to diversify into that can now buy up cheap stocks and cheap crypto.
In The Intelligent Investor, Benjamin Graham describes a Benjamin Graham formula he used to value stocks. The formula as described by Graham in the 1962 edition of Security Analysis, is as follows:
V = E A R N I N G S × ( 8.5 + 2 g )
V = Intrinsic Value
EARNINGS = Trailing Twelve Months Earnings
8.5 = P/E base for a no-growth company
g = reasonably expected 7 to 10 year growth rate
Where the expected annual growth rate "should be that expected over the next seven to ten years." Graham’s formula took no account of prevailing interest rates.
From the quote above you find the secret recipe aka formula: V = E A R N I N G S × ( 8.5 + 2 g ). This is a formula you can use in your spreadsheet to screen/filter stocks. Emotionless rational investing is by the math not by feelings.
Well, as of this comment bitcoin is now $8200. So it's on the way UP.
Now is the time to buy, especially STEEM!!
I pray you and son are well!! Hugs!! x0x0x
This is how I feel. I feel stuck, but I know it will go back up again just not sure when.
I don't pay much attention to it, because it is very discouraging right now, but I just keep on working hard, that is all I can do and still enjoy doing it.
Bitcoin is dipping the same way in last 3 months as it shot up in the last 3 months of 2017. Bitcoin is rising again. Hopefully Steem will also go high. Thanks for sharing your thought. All the best to cryptonians holder.
I think we are close to the bottom being in, if not already. I went ahead and loaded up my full positions the last 2 days. I think we just needed a scary correction before the next leg higher. It flushes out all the weak hands that bought too late
I predict the bottom for Bitcoin is $6000 based on Metcalfe's law because that is the actual worth of it. I predict Ethereum is under valued. I predict ETH will reach $10,000+ this year so another 10x. Of course no one can predict when the next bull run will be, but the next bull run will be trillions of dollars coming into the crypto space.
It’s scary honestly , I think we are pretty low already . It’s going to take 2-3 months to even recover
Probably so, but I was expecting it to drop pretty far just because of the amazing advance we had
Worst part is SBD falling below Steem's value. But hey I think it's meant to be that way ;)
The biggest losers are the ones who sold today... Hope we hit the bottom now.
I heard sbd might fall even lower , we have to continue staying in the winners circle
i heard that they are creating a lot more new SBD which will bring the price down, steem is great because there will always be plenty of loyal holders who have faith! :)
What sucks is that we paid get paid SBD mostly . I think it’s time to switch towards 100% of SP
Very encouraging amidist crypto craziness. We hope for the best.
I cannot give financial advice. What I do is a strategy like this:
Diversification is something I'm focused on. I think a lot of crypto people are only nervous because 100% of their net worth is in crypto. This is fundamentally risky and not necessary. Crypto function mostly like growth stocks, like owning shares in Google or Facebook, so you do not get any income stream like you can from real estate or dividend stocks. There is the exception (NEO) which does pay a sort of dividend though so anyone looking for dividends should look into that.
Bitconnect, I put my excess into it. Now I have no excess to trade with. This is the cost of making an unwise bet. Fortunately there are much safer investments but even the stock market is over valued. It requires a very VERY careful analysis (security analysis) to get into stocks when prices are inflated, but the good news is this crash in stocks may be one of the best times to get in.
Same with crypto, when it crashes if you have cash on hand it is the best time to get in. Dividends, rent, and other productive income generating assets will allow for a cash stash on the sidelines for moments like these. People who were wise enough to diversify into that can now buy up cheap stocks and cheap crypto.
From the quote above you find the secret recipe aka formula: V = E A R N I N G S × ( 8.5 + 2 g ). This is a formula you can use in your spreadsheet to screen/filter stocks. Emotionless rational investing is by the math not by feelings.
Reference
I will implement this technique, I make mistakes but I’m learning from them . One day I’ll perfect it so I’m making profit .
Well, as of this comment bitcoin is now $8200. So it's on the way UP.
Now is the time to buy, especially STEEM!!
I pray you and son are well!! Hugs!! x0x0x
Xoxo, hoping for the best
This is how I feel. I feel stuck, but I know it will go back up again just not sure when.
I don't pay much attention to it, because it is very discouraging right now, but I just keep on working hard, that is all I can do and still enjoy doing it.
Thanks for sharing your thoughts
Any crypto picks from such a pretty girl? ;-)
Bitcoin is dipping the same way in last 3 months as it shot up in the last 3 months of 2017. Bitcoin is rising again. Hopefully Steem will also go high. Thanks for sharing your thought. All the best to cryptonians holder.
I think we could hit 1000 and then skyrocket back to 10,000 maybe even 20,000. I think sbd is going down to $1.