Shortly After Writing My Post Yesterday, That Bitcoin Would Correct, It Did.
My post was not well received by perma-bulls in the Bitcoin community. As many of my followers know I am also a Bitcoin bull but I also understand that a bull market needs support. We can not go up without first building a strong foundation. The Bitcoin trend line to the moon is still there. I am not one bit worried about this pullback. In fact I hope we see sub $5000 Bitcoin once again.
Are You Serious Right Now?
Yes, I think we need to go lower before we can safely go higher. So I decided to move into ICO's and into altcoins. If Bitcoin trends lower altcoins will also take a hit but if it trends sideways or slowly goes down altcoins will be the place to be.
Watch the Video to See What ICO's I am Interested In.
If you want to read my post from yesterday click here, "Bitcoin Mania Has Arrived! I Will Be in My Bunker."
Thank you to all of my readers and those of you who are subscribing to my Youtube channel. I am really going to turn up the volume and share insight into the world of Bitcoin, ICO's and Crypto Currency as a whole.
My content is not financial advice. It is my personal moves in the Crypto Currency space. Always Do Your Own Research.
alts go down when btc dump, and alts go down when btc pump... wtf?!
When it goes up they lose because people are selling alts to buy Bitcoin. Alts go down when Bitcoin goes down because alts are priced in Bitcoin.
@cryptotrader's point is correct. In a rational market, alts should be going up. The missing piece is that total market cap went from $330B to $283B.
today read the forecast for 2018, according to analysts Bitcoin will be from 5,000 to 13,000. And I think that this is likely to be so....
ALL assets have risen too far, too fast. The overall problem is fiat searching for returns. For myself, I view blockchain as the great equalizer - if allowed to reach full maturity - to democratize the world. Yeah, that's a lofty hope but anything we can do to alleviate the tryanny of the Banking system (and any centralized control) is a positive development to be sure.
Correction is happening now.. but it may go max upto $8k...
hey friend @hilarski ,,,
Very informative post. I have a lot to learn on trading. interesting video and great topic in bitcoin.good talking in bitcoin.i enjoyed your video.thanks for sharing. upvoted
Those of us with any knowledge of basic market dynamics and the greed that has been fueling recent price increases have been preaching caution for a while now. I likewise wrote of shorting Bitcoin through Kraken a week or so ago to a not so warm reception. It's hard to pull a moth away from the bug zapper when all they see is the light..
@pawsdog
The world's favorite bubble
LOL.....
right frnd before investment own research is most important thanks for your advise n informative post.
great video,very good job
thanks for share @hilarski
I agree with your point. Need to go lower before we can safely go higher. IF so move to ALTs. BTC will grow and keep going in high level. I can trust BTC.
How can I reach your you tube channel account kindly give the link, I want to subscribe, thank for your post , go a head we all are with u.....
) thanks sir....
Hi - glad to discover your work! I found several fB groups. Would you mind posting the link to the group you're referring to. I'm looking forward to gaining quality information, including fB options. Thank you for your work!
Similarly, please, with the security hardware. :)
Yesterday I shifted 50% of my bitcoin into altcoins.. hope alts will grow strongly in a short time! subscribed your youtube channel.
Thank you so much! I am guessing that altcoins will do very well. We will see.
I an really angry at bitcoin right now. I want bitcoin to improve its fees. Just convert alot of bitcoin into eth but waiting/hoping for bitcoin to successfully fix the scalability issues it has....
Thanks for sharing the great video. Yes completely agree with you that it is a free market operation, so we should make our perfect estimate of money and use of it. But you know friend you are an grand embesador of bitcoin market so your single words may make a great difference between the people. You need not be sorry for your yesterday's post. Thanks for sharing such a valuable information and message for the people. Thanks again and wish you a very beautiful time ahead my friend.
@hilarski,
"Yes, I think we need to go lower before we can safely go higher. So I decided to move into ICO's and into altcoins."
You are absolutely correct! Yesterday I told you BTC growth is too fast! Now it will make the correct! Nice post and a great video!
Cheers~
When will people learn @hilarski.
No market, none whatsoever, goes up in a straight like. There is always an ebb and flow to things. Profit taking is one variable that always arises after a big run. There is also the speculation of bubbles and over extension. Finally, some just cannot believe that something would move like that and sell out of fear. Taken together, you get pullbacks.
In the crypto world, a 20% correction is nothing. Actually a 40% move is rather common too. Will BTC hit $5,000....I would be surprised if it did, but not shocked.
Even the most uber of bulls should know there will be corrections along the way. Hence there are two choices.
A). Exit on the runs and buy on the dips like you are doing.
B) Put the btc away and come back to it in a year or two like I am doing and simply ride the waves out.
Neither approach is presumes a straight run to the moon.
you are the prophet, you are the trader. you guide us well. impressive post & nice video @hilarski
@resteemia
You are so clever!
Absolutely brilliant introducing Of bitcoin condition @hilarski.
I really like this video and your talking style. Bitcoin is great for trading this moment. BTC grow very faster in this season. Sometimes can be dip. You know have some risk of bitcoin. So you move some to ICO`s in ALTs. Great idea @hilarski.
Thanks for this statement Randy.
Absolute traceable decision to take some of you bitcoin money into altcoins.
Diversification ist important for an safe invest in my opinion.
Bitcoin will go up in long term for sure, but there are also other very good coins with good ideas and better developers behind it.
So everything fine!
So interessing , bitcoin after nasdaq , cme and jpmorgan future will skyrocket :)
I disagree
I'm kinda having the same feeling about BTC right now.
Bitcoin will grow for a long time, this is a standard oscillation.
excellent video,it is helpful of us,thanks for very good sharing
You have nicely explain about current bitcoin market situation from you-tube video. Really appreciated one because currently bitcoin mania has arrived. It can see through current BTC trend. Look at BTC worth, it's go to mooning. Bitcoin attracted all of cryptocurrency market. Thank you for sharing very Handsome video @hilarski.
I, too, am waiting for the bitcoin to drop to buy it. In the meantime, I buy alts
Hello @hilarski,
Extraordinary good article & as you said BTC made a correct. Nice video & I'm going to subscribe your Youtube channel too.
~@mywhale
From what i am seeing that altcoins are also taking a hit. Dash sustained there for a while but it has also started to go in downward trajectory..
I have no clue where to put my money ..
I'm still having a good time with Dash - but like all good times it may run out of piss soon
Yeah.i sensed the bitcoin downfall right before the market started to crash. I had two options in my mind. Either to buy dash or ethereum with those bitcoins..
I put my faith in Ethereum and converted my btcs to ethereum and it fell down too..
now i wish i could go back in time and slap myself for doing that. Should have bought dash..
But dont worry, u are getting the max out of current situation.. dash is not going down anytime soon..
Do you have a link for Dash's white paper? I'm having difficulty knowing what source to trust. Thank you.
You alywas got positive idea about BTC & you always shared nice trading tips with us. Excellent job & you did it well. Your BTC tips worked well too. Nice job done & nice video~
Congratulations @hilarski
Now you are in the MinnowsPower Loyalty Member List...!!!
Exceptional article with nice trading guidance as always...!!!!
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nice video, it's helpful, thanks for share
Yes BTC prophets doomed. Now HODL.
~Followed & Upvoted
If it keeps going up, it will hit hard down.
If it goes gradually up, we will ride the moon.
bitcoin long time. thanks for sharing
thanks...your reasearch help us ...keep posting
nice video, it's helpful, thanks for sharing.
Interesting cryptocurrency video wonderful post @hilarski
Tweeted
At a certain point, you need cash in.
@hilarski - Sir, I don't think BTC will drop a lot. It will probably drop a bit & grow back again Sir..... Very informative post you shared Sir.... Nice video too....
To get more audience, I wish to ReSteem your post.
+W+ [UpVoted & ReSteemed]
What do you base this on? I would love to hear why you think this.
@hilarski - BTC never drops, if drops it will rise back Sir.... So, for me, BTC never drops....
+W+
There is a bitcoin correction but then will go up again and even faster!
Please explain why you feel this way.
Because is what has been happening every time, goes up like crazy, then 20-30% correction, them up again! We hit always higher highs and fall to higher lows!
i dont agree with you, but hope youre right.
Thanks for your insight. I am watching, researching and learning!
I could not for the life of me figure out where we knew each other from. Just figured it out. It's such a small world and odd that like minded individuals find themselves interested in similar endeavours. It was the Panama thing that triggered my memory. We were both into aquaponics and you we were talking about the systems that I produce a while back. lol.. https://plus.google.com/u/0/communities/100689199333030961710 @pawsdog
you helped me a lot about the knowledge of cryptocurrency..
thanks for sharing
I am wondering too, how big the correction will finally be. I wouldn't be too surprised if the price of Bitcoin goes quite a bit lower than now, but on the other hand since we are approaching the end of the year and Christmas it might be impossible to get another boost back up over 10000 dollar again and even higher. Some interesting days and weeks will be ahead
It doesn't look like alts are a safe place to hide during these types of corrections. I lost a buttload last time this happened on DGB. This time, I was trading my way up in the alts as we rose past $9,700 and making a killing mostly on ARDR with something like 5-7 trades as ~15% each. You bailed a little too early at $10K and most alts went sideways then lost ground to BTC after we dropped from $11K. The optimal move would have been to run to tether as total market cap hit $330B, then buy back in to BTC around $8500K. I wouldn't be surprised if you are correct about dropping lower still.
Wondering if tether is a good place to be now, as before? Or is there an alt that has potential to make a gain?
My thoughts actually take that a step further. I think that the powers that be, who are working tirelessly to find some possible way to destroy BTC, are partially behind this meteoric rise, with the thought that they need to spike the price up without any time for base building in order to take the legs out, at least temporarily. I'm all about the healthy base building.
Let's see could be a short correction as Bitcoin showed this many times on his gorgeous way up. But I agree, a correction to 5000 or 3000 is the best.
What do you see as the support for bitcoin? My issues with it now are the same as I've always had... it's advertised as a currency but acts like an investment vehicle. Which is fine, but I prefer investment vehicles with something behind them (like Steem) and I don't see what's actually behind Bitcoin...
In case you were wondering what is looking good at this moment, I wrote a post about my trades: https://steemit.com/cryptocurrency/@gmikeyg/what-alts-are-safe-now-that-btc-is-levelling-out
Video of the I learn a lot could Bitcoin about. Some more want to know. How your youtube channel of link can be? @hilarski
Now under 10k again, still better to drop a bit and then move again. No certainties in life, it is always a bit of a roller coaster ride, in more ways than one.
Nice to know where you are looking for new crypto, will research and look into, thanks @hilarski
Task completion @Kryptonia
Thank for sharing your research, keep sharing your thought with us
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