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RE: Bitcoin (BTC) Mid-Day Update: Bitcoin Misery Index (BMI) Flashes a Buy Signal

in #bitcoin7 years ago

Let's first finish D and E before getting into the "shampoo" chart. Once we're in E we can check out if the bulls or the bears are right.

Bull market says: $ 12.000,-- and above.
Bear market says: $ 5.000,-- and even lower before bull market.

If $ 5.000,-- comes into play you can make a fucking shitload of money buying altcoins. Just make sure to invest very serious in what to buy. A lot of alt coins are gonna dissapear in the future. Some say even 90% of them.

Warning: Stay away from USDT and take notice that Bitfinex is related to it.
(personally I don't hold any coins on Bitfinex because of that)

Warning: Bittrex is gonna "clean up" a lot of coins with a low daily volume and coins that are unable to transfer. GET RID OF THEM! Before the 1st of april.

Warning: Since there are enough coins to make profit on, don't take risk with Tron, Redcoin (RDD) and Iota.

Alt-coins weren't this low when BTC hit the $ 5.900,-- level.