"Always do you own research when investing your hard earned money in anything." ~ Charles Fuchs.
WHAT'S UP STACKERS!
For the last few months, The "Hype" of Bitcoin and Alt Coins have died down tremendously due to the huge correction we are facing currently.
However, Bitcoin is making a pretty big rally right now to over $8,000+ while the alt coins are still currently being very stagnant.Β
However, in the last couple of days... I've seen more and more people becoming more bullish once again and saying we're going to the moon with #whenlambo dreams! π π
People are actually doing more content about Bitcoin and Crypto, especially all the YouTube "Personalities" who went into "hiding" this year... they are now all back doing videos again. π€£
I've always been "Bullish" on the crypto markets for the long term (2-4 years) but I still do believe that 90% of all the Alts Coins you see today won't be around in that time.
In my mind, the market is still so speculative and nothing really has changed in the Crypto Space at all by use case of these tokens.Β
I many be wrong but what tokens can you "really" use right now? The only thing that comes to mind that has a use case is Steem. π€©
In my opinion, I can see tons of hype forming from now to the end of 2018. The best way to beat this market is to start investing in projects that you believe in and get out of all the ones that you don't.
This will be very hard to do as most projects are just based on hype and their marketing while there products is years away from actually doing anything.
Like usual, I'm no financial advisor so take all my opinions with a grain of salt. Who want's to take advice from a financial advisor anyways when they make less than you. π€£
The future is bright with crypto, the only decisions that you have to make is when to buy and get in.
So the question is, when are you going to start buying?
Keep On STACKIN! π
P.S. For those who's interested in following my "Content" and "Daily" Posts... you can just follow me @stackin to get my updates.
*Stay Tuned for my weekly "STACKIN Steem Contests" where I've givin' out $1,000's of Steem, SBD, and Merchandise to Steemians!
Like Tone Vays says, the best time to buy Bitcoin (for the long-term) is always yesterday. That said, I think that we could see lower prices before the next big run-up.
My suggestion: Hodl for the long-term. π
Yeah, heβs been bearish all year. Letβs see what happens in a few weeks. π
Man I can feel the FOMO fever building up and things are all looking up. Of course it can still go downhill but I think that bulls might be taking control. Too much good news has popped at the right time and it might not just be a coincidence.
I'm thinking the same thing... I had a case of that Fomo 2 days ago and even more today. I have to shut my emotions down haha
FOMO is setting in!!! I am loving this :-)
Shesshhh hit $8500! Now Iβm like I missed the little run up lol
Yeah brother!!! I stuck to the screen like a 14 years old is to porn
Not a coincidence!
Ive been blushish since last year. Whats killing me at the moment are all these alts crashing and wondering if they are going to pop back up or not. I am leaning towards no since the money going into bitcoin is large cap from what I can tell and will be locked into bitcoin and not really any altcoin which would further drive the value of those down.
Makes sense, Iβm surprised what bitcoin has done in a week, huge moves π
I am still just enjoying the ride as a creator and not thinking too much about the trading part :)
You got do both bossman :)
All the trolls be coming from their caves to profit from the #whenlambo hype. Personally i think these people are cancer but they are needed to up the hype and pump more money in to fund for what matters, paying for the devs who can now sell less for more money to live.
The devs are the only people that matters in the end. Without them nothing is possible. Snake-oil can only be sold for so much before people move on.
Speaking the truth right here! π―
Right at ya brother!!
I'm fomoing... just dropped more money into the market xD
Yes, i too believe around 90% of ICO's will fail...Cryptos that you can use right now, STEEM, BNB, monero for private transactions...and that's it mainly, next year we will see many of the projects develop and being used, let's see what happens!
My problems is not when to start buying, is when to stop, i want to put a max price where i stop investing into cryptos and wait for the next bear market, but it's so unpredictable! I was thinking 20k was the max i would invest, after that point the market goes into fomo hype imo... what about you? Any max price you are willing to buy btc or other altcoins?
My buyin points for bitcoin was $3000-$5000 but not sure if it will go that low this year, if it does, Iβm all in lol
I don't think it will go that low...
This is the part I am waiting for.
Altcoins going byebye.
So many of them it is ridiculous.
So many fake ico pumping and dumping.
Theres a few alt coins that I love... Steem and EOS lol
If investors will actually look at the fundamentals, Steem's going to do VERY well... Hopefully they'll get their heads out of the sand XD
They rather trade shitcoins π
it's an ok short-term strategy I suppose if you're not looking at things long term
true dat @overkillcoin
Agreed @stackin!! Love those too. Bts is another alt that I love. They're a part of the 10% that will still be around later. I'm with you, a lot of these coins are just going to fade away.
Hey, man nice work! I am doing something similar - daily crypto update, weekly update, trade ideas and forecasts. Check out my introduction if you are interested in learning more about me and my work:
Introduction: Cryptocurrency Analysis from a Professional Trader Who Predicted the Market Crash back in January!
https://steemit.com/introduceyourself/@drumsta/introduction-cryptocurrency-analysis-from-a-professional-trader-who-predicted-the-market-crash-back-in-january
Im a long term bull with a long term outlook, not looking to get rich quick. i've enjoyed this bear market and have been steady weekly buying since DEC but it feels good to see my patience pay off and getting back to positive territory.
@stackin currently bitcoin is trading at approx 8300 USD its great move in last couple of days. I believe many people must be thinking that market is moving towards bull run and they are missing out. They will enter the market now. there are also chances that bitcoin can take a correction which might take it doing till 7500 or even more. But I personally think this is still right time to buy for long term as we all know that bitcoin future is bright and it will go up for sure in coming months. So one has to make up his mind about the price they would want to sell. Buy now and hold till the time your price is not met. There is no guarantee of time as it can take few weeks month or even more which no one can predict. Overall you explained nicely in your post.
It really is a pleasant surprise to see that the BTC again raised its price, now just wait to see how the market reacts with the other cryptocurrencys if a change occurs and others also decide to join the task of raising the value
#BITCOIN 5900 plus 62% (fib target) = 9558...looking for a 9500 exit, off the 5900 low. current rally is The bitcoin ETF rumor (bullish)...imo.
Crypto market are now in a correction mode, waiting for the till December, what come in!
just holding lets wait for a big rally to hop out in and don't do the mistakes again which happened earlier : )
Buy low sell high haha
@stackin Bitcoin will be there for long time. but as you said many Altcoins will be not there. this is true . nicely explained . very good written. awesome.
The future is so unknown but it's very exciting times!
I am bullish bitcoin but longer than most.
ππΌππΌππΌ
You got a 6.24% upvote from @upme thanks to @stackin! Send at least 3 SBD or 3 STEEM to get upvote for next round. Delegate STEEM POWER and start earning 100% daily payouts ( no commission ).
@stackin,this momentum can be result of FOMO+ETF
Appreciate your insight, Iβm a big steem fan :)
Thank you for the post and sharing your thoughts about being bullish on Bitcoin and crypto. Steem is definitely the first coin that we see having a use.
@stackin I am always bullish on bitcoin and I think it is the most undervalued cryptocurrency in the world. Bitcoin has to reach many goals and the journey has just started.
[IOST: 400X ETH & 100X EOS] # IOST, backed by Sequoia Cap China & 30+ institutions investors, is already 400X faster than Ethereum and 100X more decentralized than EOS. Join the #IOST Community Hub & claim up to 100,000+ IOST ! https://hub.iost.io/register?inviteCode=Bkj2mDH4m