Hello, Steemers! In this video, I share my thoughts about the cryptocurrency market in denial. Some of viewers are onto it already and are ahead of me in their thinking though! I always make sure to listen to my viewers who are smarter than me.
Hello, Steemers! In this video, I share my thoughts about the cryptocurrency market in denial. Some of viewers are onto it already and are ahead of me in their thinking though! I always make sure to listen to my viewers who are smarter than me.
Great point about not just looking at the candlesticks, but understanding the psychology. This is something I do with my technical analysis. DASH had a pull back from 100 to 50. But because the psychology was totally different, I knew that pullback was bullish. It was also met with a lot of skepticism. "Dash's bubble popped", ect. ect.
Great technical analysis of the crypto market. No fluff, just data. Great video!
Nice video. Thank for sharing. Upvote me. Help
Gave you some upvotes on your channel. Thanks for following and producing content for Steemit! :)
Yes sir. I have followed you. I really appreciate your voice. Thank you
Good analysis. Thanks. I see you follow forex? Do you know a fellow Aussie by the name of Nial Fuller? Upvoted & following. Caught this on YouTube where I was already following you there. Cheers mate!
I don't. I don't really follow much forex.
Curious if you think LTC may be a good place to hang out in while the market corrects?
I'm a fundamental guy, right... so LTC doesn't score well other than coinbase adopted it. Technically, because it's on coinbase that makes it amazing, without that, though, it was never really worth owning. That one point does outweigh most all negatives with the coin, I guess I'm just not interested in owning something because coinbase adopted it, as the sole reason for its success. Before that the reason for its success was market negligence, and you will notice a long stretch where it was never successful, and that was the market treating it appropriately. There are times where things do well because the average investor only has so much knowledge at their fingertips.
Fair enough. I guess I don't see the swings in LTC like I do other cryptos so the thought was to keep my money in something more "stable" to ride out the next downturn. I suppose I could go into cash but I'd rather have it in a coin ready to deploy.
I will admit today totally floored me I was not expecting such a huge jump on such grave news as the potential split and a majority of markets closing up shop July 31st into August 6th You would think news like that and that much uncertainty would be cause for a sell off? Perhaps this weekend will be the huge sell off which seems to happen 9 our out of 10 weekends
The truth is always most sobering. We need to hear this to stay grounded. There are still many ways to play it. It doesn't just mean cash out and stay out. Remember though a fool and his money are soon parted and a word to the wise is sufficient.
BTW an excellent listen and free audio download: The Jefferson Bible. A cut and paste job by Thomas Jefferson, a secret study, very close to his heart.
http://www.learnoutloud.com/ Link removed -- appears to be broken.
Have you done a video or a post on how to convert crypto to USD? I'm looking for a good comparison between options like Coinbase, Tether, etc. I'm not sure what is best for fees and speed of settlement.
Tether on something like Bittrex would be much cheaper than coinbase. Coinbase you get hit with a 4% transaction fee in the US. I only use coinbase because I must have real USD at times, not fake USD Tether. Tether pairs with the dollar but few people are big enough to actually deal with the Hong Kong bank to exchange it for real USD. Tether just pegs to the dollar.
Tedd do u still think that markets is gonna come
Back down ??
yeah
Excellent YouTube clip Ted of Colorado! This has been resteemed by Community News for the benefit of all Steemians. Your observations and ideas have been followed by us and we are richer in STEEM Power because of it. We now intend on keeping our powder dry in accordance with your video - leaving the potential to acquire further SP at a later time.
Ted, please be sure to get yourself up-to-speed with all the latest Lord of the Steem developments as your services are always welcomed.
I was waiting for the 100bn market cap but yesterday I sold at 2989 :D . You know? I have a super strong hunch. When it falls below 1800 I will go full in. I sold my house, my car, and everything. I could get burned and everyone in my family is ready to catch me if I fall but I must do it. This feeling has saved my life several times.
LOL ertwro...
Don't worry. I know the market has grown too much in too little time. Scaling is not fully resolved and a hype bubble is close. I'm waiting for a cooling off. At the moment I'm only doing short term positions with 5% of my capital. I want to be smart money.
Great technical analysis. I actually hope your right about another pullback. It would be nice to pick some more coins at a cheaper price.
So where do u suggest we put our funds, tether or take fiat,
Where can i trade tether for bitcoin,
Thing with going BTC to USD, is they usually charge you more on coinbase than it would be to just buy Tether. I like SBD a little bit too, if it drops to $1 or below.
Bittrex is the place to trade USDT (Tether).
Downside to Tether is it is centralized risk. There is a bank in Hong Kong that trades 1 Tether for 1 USD. So far, they have been a very honest operation, even reporting publicly when their Taiwan bank assets had been frozen. But you see, it's a real-world centralized risk with them. SBD doesn't have that, but in a decline, we could see SBD trade back down to 0.85 cents. Certainly should trade back above $1 USD in the end, but in a steep decline it will tank.
Sbd wont go below .85?
Maybe I'm wrong but I think the price of SBD is a good indicator of whether or not the crypto markets are overbought or oversold. I wish you could store Tether on a hardware wallet. I would not feel comfortable keeping everything on Bittrex in Tether. They own the private keys to those funds and they could get hacked. I still think the absolute safest thing to do is buy actual physical bullion with BTC. If I was looking for a crypto to crypto safe haven I think SBD is probably the route I would take. If nothing else you might be able to buy Steem at a discount if you bought SBD under a dollar.
It can go below .85 cents, but SBD is fully decentralized, and when the market is done tanking, people are going to get paid % gains to convert SBD into STEEM. If there is any sort of Steem rally in the future, that's really what is needed to keep SBD back to $1 and above. So with SBD, I'm long-term confident to see it trading at or above $1, even if there are blips way down below that, it should recover every time.
Thanks a lot, for like no other analys!
Excellent video as always Ted! SK.
Really appreciate your analysis. Sometimes this seems so counter-intuitive and I see the need to look at movements from a broader perspective.
You can say you told us so!