Your point makes sense, in particular now where it's 3 weeks we are going down and we still have other 2 to go, most likely...
BTW my strategy is still bullshit and I'm just keeping accumulating, I've done that every week since ETH was at $10 and even if the price is going down I am trying as much as possible to stay away from being a daily trader... That IMHO will bring mistakes in the long run..
Yeh being a day trader is just too risky and I think it's mostly done on technical analysis alone. With crypto it's better to invest along with the longer term trend, and like you say for the next couple of weeks it's likely to decline further. After that we'll see.
Just the stress really is unbearable for me, I don't know if shorting is what cryptos need. It's very risky business and cryptos already have huge volatility. Steem with it's SBD is a fantastic opportunity actually and I think maybe the twelve weeks withdrawel for steem power might be shooting ourselves in the foot. Tether certainly attracted a lot of capital shooting to 285 million market cap.
Try not to worry. I went through this crash last time and it recovered. Just sit tight and make sure you continue to follow whats going on with cryptos and don't give up
I meant the stress of day trading haha, tried it for a day or three made like 10 euros on 100 around the time brexit happened and said nope no way I am doing this with larger amounts. I'm not giving up on cryptos in general. I moved my blog about aquaponics from some random forum to here, I think it's great to find some people with similar interests gardening and cryptos. For all intends and purposes steemit is like THE social media for crypto fans.
Yes, the community around cryptos here is really good and active, a lot of people give a lot of good advice and it's amazing to see everybody taking feedback in an amazing way :) hope it scale in this way!
following you for financial advice. Is there a story behind Basic Attention Token? sounds funny
It's a bad name haha
The thing is that if majority consensus is reached before the update, there will likely be a huge price increase. The markets are waiting for a signal that things are safe. As of now there is still some opposition.
The other funny thing is, if that markets were sure things were safe they would also probably sell out now because the innovation is already agreed upon and the market will be too stable to profit.
I think no matter what this price drop would happen, just buy the dips and sell the highs(short term), and long term HODL
Do you know what percentage is needed to achieve a majority consensus for segwit? It's already at about 85% isn't it?
100% agree