Hello viewers! I have been busy with Bible college lately so have not made much content. There was not much to cover, other than FUD and really just patiently waiting for this correction to play out.
BTC this morning dropped below 3,600 on some exchanges. I am not claiming it is done going down. This sell-off has been fast due to China FUD. Really, this sell off has happened faster than I expected. I was anticipating some time in October, BTC might see the 3,600 range.
We are due for an oversold rally, I believe, and we have also hit the buy-point I was waiting for @ 3,600 BTC. It is hard to go long in these situations but with the total market cap of crypto at 122 billion, I feel pretty comfortable buying into the carnage.
Consider me bullish on the market at this point, with the caveat we could have a further decline down to 3,100 if the market really wants to propagate the Chinese FUD. China isn't the reason to own cryptocurrency, though, so to me, this is a market hysteria based upon false assumptions. It's true in the sense China got our market valued higher, faster. It is also true Bitcoin could have hit 5k with a total Chinese ban of cryptocurrency from the beginning.
Good call on the correction and brave call going long with all the FUD going around.
I might wait under after the weekend bloodletting when hopefully a support can be found. $3000 is probably the next key level for me that needs to hold.
Oh yeah, is time to chill and wait for the storm to go by
Sounds like good knowledge and advice to me :-)
You called this correction and have really shown to have a great feel for the market. I agree this is a great time to buy and did so today. Wish I would have waited till now for EOS as I let the FOMO persuade me a bit too early. The whole market is on sale. Have a great rest of the week at Bible College!
Same happened to me. I went long at 3,800 BTC, not because I was long, I figured there would be more declines, but it's easy to get impatient. Still am confident of my holdings, though, so this is what matters for investing.
God showed me BTC at 9,900 in a dream a few days ago.
God also never told me to sell Nav Coin. He is still long on that coin. I have accumulated more NAV during this decline, and am close to my original position, and I may get back up to my original position if we have a decent rally in BTC.
NAV is nice because it pays dividends while I wait. I earn something like 11+ per day. When NAV hits a higher value in the future, say $5 USD, this is earning me $55 per day.
Thank you for your contribution! Is there a way to PM you?
Yeah, I should have wait a little longer before buying in, but then again you can never predict with 100% accuracy...
Thanks alot ,for like always good content,god bless..
many things led it to there first unusual statement and then banning
Bitcoin will survive.
great post and thanks for advise in bitcoin......
yapppppp bitcoin is realll😉😉😉😉😉😉😉
I always respect your ideas about this platform....
You called it my man :) I've been buying back in over the last few days. Looks like we are about to test 3k though, the China FUD does seem to have accelerated and possibly deepened the correction. The timing for that news is....interesting.