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RE: Crypto Bounce or Bull Trap Report (July 11th, 2017)

in #cryptocurrency7 years ago

I bought a few coins at the bottom but its still too early to call a reversal I believe. Bitcoin has always been a volatile asset to trade and altcoins are even more volatile. I believe that the August 1st deadline to upgrade Bitcoin to Segwit 2x is nothing to be worried about but panic affects traders in different ways and there are a lot of profits on the table for first movers. It's my overall opinion that all of crypto is in a strong upward trend and todays losses will be washed away by tomorrow's gains. The blockchain is here to stay.

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I agree, the blockchain technology is a thing of the future. Although this dip in the market is somewhat worse then I would have thought. Still considering to stack up some more while prices are low. Thanks for your post

I couldn't resist as well picking up somethings early today. Sure it may not be the bottom but the tech isn't going anywhere but up. Reflecting from the beginning of the year, a big correction was "kind-of" needed but I have a gut feeling we will start seeing more green in the near future as well.

I couldn't resist either. I had some money set aside for a dip in ETH but a sale like this was too hard to ignore and I spent some additional on other coins as well. Confident I will not regret today.

I think you'll probably be ok on this move. If you really caught the low then it's the best time to buy more.

I did my friend, I did.