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RE: What Are YOU Trading Today, Why, & Related News?? E.16 of a Community Based Engagement Resource for Everyone! March 11 - 2017

in #bitcoin8 years ago

What a week in Poloniex it has been.
So much uncertainly and so much expectation regarding the etf result.
On Thursday all alts were crashing like crazy and no one knew why.
I held on as long as possible but then I just had to get out and put everything into Bitcoin just as a temporary safe haven until things settled down again.
I left it there and spent the whole Friday keeping an eye on things trying to figure out a plan of what to do and the only way to do that was to make a decision on the etf. Will it be a yes or a no?
I decided on a no. And that meant two things would happen.

  1. Bitcoin would fall. However I figured it would not fall too far and not for too long. I my view Bitcoin had become too stable to crash.
    However I was taking no chances.
  2. It meant that traders would either cash out for dollars or they would invest in other alt coins. If they did that then it meant which ever this alt coin or coin were, then it was a free ride to make extra money fast.
    Lot of traders asked my opinion as I am getting a reputation for making predictions that come true. Whats funny about this is that every time I make a prediction I am always laughed at. But then when it comes true they act surprised.
    I was asked again for my opinion.
    I told that in my view if/when the etf is denied certain coins would rise.
    Monoero/DASH/ETH/ and Litecooin a little bit as it was safe. I also said MAID would rise fast. Again I was laughed at.
    No one is laughing now. DASH rocketed and so did Monero as did ETH
    MAID went balistic.
    I will not say what I put my money on but lets just say I have never made so much money in such a short time.
    I see Bitcoin is rising again.
    What an experience!
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