What you're saying is a safe option, but it almost sounds like you're promoting a blind faith mentality. You should consider making a video where you discuss stop limit orders so that people can make a point at wish they would commit to pulling out, and then be able to consider going back into the market as it keeps declining.
I'm new to crypto Currency and Bitcoin wouldn't it be best to sell Bitcoin at the top when there is a correction?
Then buy back in at a low price with the gains you have collected?
Of course its difficult to tell when a major correction will take place but I'm curious to know looking back at the history of Bitcoin..
I would rather sell when i see the prices starting to fall, usually you can detect a bear market when everything starts crashing. Wouldn't like my money being stuck in a falling crypto.
I would just rather use that bear market to force some small trades when I see the price is too low. Hey, but that's just my style, nice video anyway :)
i think after bitcoin reaches its full potential..... people will start shifting to low cap alt coins and i think they will go fr currencies like dash zcash other than developer platform currencies making these currencies gud long term investments... better switch b4 dis happens
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @thejohalfiles valued at 154.05 SBD, based on the pending payout at the time the data was extracted.
If you do not wish to receive these messages in future, reply with the word "stop".
Congratulations @louisthomas, this post is the most rewarded post (based on pending payouts) in the last 12 hours written by a Superuser account holder (accounts that hold between 1 and 10 Mega Vests). The total number of posts by Superuser account holders during this period was 1401 and the total pending payments to posts in this category was $7657.53. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
With all due respect, that is not really a good strategy for a bear market. Basically your strategy is only to hodl. What if prices stay suppressed for decades. Look at what happened to silver. In 1980 it got up to $50/oz and didn’t go anywhere near that price again until 2011, and it’s also down majorly since the 2011 high. Your hodl strategy would have lost you heaps of money and also cost you lots of opportunity cost.
I’m definitely hoping that bitcoin will not experience an extended decades long bear market, but you never know.
A better strategy might be to swap between cryptos to gain more crypto, or take at least your initial investment out of it’s already doubled. Sell half and keep the rest kicking around at no holding cost.
This is Cryptocurrency! There is no Bear Market!
I only kid. This is a great strategy and I think lots of amateur investors need to be very careful and do their research.
🤔
You shouldn't have only gold bars and silver. Also a cup full of diamonds improves a portfolio.
I feel like there is too much going on right now for it to really slow down. People are piling in!
Interesting ideas.
I just got to know about your Steemit via your youtube channel
I love your channel too
@louisthomas "READ THIS" I notice that you losing money using the "convert to steem" request
https://steemit.com/life/@the-ord/important-read-this-post-dont-convert-to-steam-dont-fill-convert-request-a-litle-mistake-that-will-cost-you-a-lot-of-money-on
DONT CONVERT STEEM DOLLARS TO STEEM ON THE TRANFER PAGE
NEVER CONVERT TO STEEM
upvote.share.follow me... don't make the same mistake with your pending SBD ...
@the-ord
Nice to see you steemit. I Always watch your video
What you're saying is a safe option, but it almost sounds like you're promoting a blind faith mentality. You should consider making a video where you discuss stop limit orders so that people can make a point at wish they would commit to pulling out, and then be able to consider going back into the market as it keeps declining.
yup :)
Great content. It's a great time to be alive when you can profit from whatever direction the market moves in...be it bullish/bearish. Cheers!
Has anyone predicted a top for Bitcoin?
I'm new to crypto Currency and Bitcoin wouldn't it be best to sell Bitcoin at the top when there is a correction?
Then buy back in at a low price with the gains you have collected?
Of course its difficult to tell when a major correction will take place but I'm curious to know looking back at the history of Bitcoin..
I would rather sell when i see the prices starting to fall, usually you can detect a bear market when everything starts crashing. Wouldn't like my money being stuck in a falling crypto.
I would just rather use that bear market to force some small trades when I see the price is too low. Hey, but that's just my style, nice video anyway :)
nice analys
Thank you for sharing your great insight and experience.
Great video post, succinct and to the point..., bull, bear, it changes so fast! love it....
I'm Bullish all through 2018!
Great video.Love your strategy.
This is how BTC mining is causing problems,there should be an alternative.
https://steemit.com/bitcoin/@gameofmeme/bitcoin-mining-operations-increase-the-resulting-in-blackouts
Reserved I’ll watch this video
i learn many thing about crypto from your video....thanks man
bitcoin icin @silovar88
bitcoin for @silovar88
Yeah I have .. buy all on declinezzz☺☺☺
i think after bitcoin reaches its full potential..... people will start shifting to low cap alt coins and i think they will go fr currencies like dash zcash other than developer platform currencies making these currencies gud long term investments... better switch b4 dis happens
I agree, but of course the golden question for a bear market is: where is the low-point!?
HODL all the way! need lot of patience and belief, this is a long term game
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @thejohalfiles valued at 154.05 SBD, based on the pending payout at the time the data was extracted.
If you do not wish to receive these messages in future, reply with the word "stop".
Congratulations @louisthomas, this post is the most rewarded post (based on pending payouts) in the last 12 hours written by a Superuser account holder (accounts that hold between 1 and 10 Mega Vests). The total number of posts by Superuser account holders during this period was 1401 and the total pending payments to posts in this category was $7657.53. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
Yes i also think it safe to hold the btc due to current situation of market. It really a bull market.
I find your surplus of faith refreshing.
https://steemit.com/bitcoin/@cryptodenero/litecoin-the-next-best-thing
Everyone's an expert with an opposing opinion. The trick is to educate yourself:
https://steemit.com/cryptocurrency/@xsid/everyone-s-an-expert-how-do-i-decide-where-to-invest
What are everyones thoughts on trying to find the next bitcoin with the penny stocks like Cardano?
if you think it is worth to invest, just use your spare money to buy and forget about it. If you do the short term trading, read the MACD and RSI.
With all due respect, that is not really a good strategy for a bear market. Basically your strategy is only to hodl. What if prices stay suppressed for decades. Look at what happened to silver. In 1980 it got up to $50/oz and didn’t go anywhere near that price again until 2011, and it’s also down majorly since the 2011 high. Your hodl strategy would have lost you heaps of money and also cost you lots of opportunity cost.
I’m definitely hoping that bitcoin will not experience an extended decades long bear market, but you never know.
A better strategy might be to swap between cryptos to gain more crypto, or take at least your initial investment out of it’s already doubled. Sell half and keep the rest kicking around at no holding cost.
Yes Louis you are absolutely right! buy low and never fucking sell!!
So smart strategy
Nice one, hope you will continue to inform us, keep it up