Hi Carola,
I enjoy your replies as well! Interesting stuff - the analysis on tradeview you told me about. I don't think it is spreading fud - being overly optimistic can lead to financial losses - at times like these being a little cautious is prudent. If we are still in a bear market, I expect we have a dead cat bounce - if the bottom of $5990 has been an A wave, I think a rebound to about 15K should be the B wave? Then we may crash to 3-4K, or even lower. This should not last much longer after that, in my opinion, cause Wall Street needs to make money and if we fall to these levels the whales will be buying. My biggest fear before was that we could stay for a year or so to a level of $3000-3500 per bitcoin, but I think that this is close to impossible now - we are not in 2015 and the bankers are also in the game. Therefore, even if we crash, bitcoin should rise quickly enough - this is what I expect.
I think Ark did not do well enough last year, compared to most of the coins (actually it did great to those who bought in April and May but I bought in October), but for 2018 they have made some big progress concerning their marketing and this month they should have a working platform on which their first ICO will be launched (also planned for this month). The developers are quite good too, and the TA shows also promising returns, so I am optimistic for 2018.
Yes, I hope Salah is correct as well - he works really hard on his analysis and I respect him a lot for that. But at the end of the day, even the best analyst is wrong sometimes - this is a game of probabilities and you know that :)
Bye and talk to you later!
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Sorry i meant on tradingview pro_indicators or something like that...
Alex, are you there? what to do now?
Do you think it is safe to login on binance now ?
Hi Carola! I have just logged in and everything seems OK with my account. I even have 3 crappy coins which I never bought - something called BCPT. However, I think it might be time to move all my coins out of the exchanges - I don't keep many there, but maybe I should use them only when I trade.
Otherwise, bitcoin did fall on a high volume below 10K and this might not be the end - now I think it might go as low as 9200. I am still not going to spend my cash though, although prices are very cheap - steem for 2.59, Cardano for 23 cents...
How is your account on binance, have you checked it already? I am sure it's OK.
Hi,
just looked at binance and everything seems okay :-)
I have to get used to the fact that everything can be different from one moment to the next. If you are handy and you already have a money buffer, these are the right moments ..
I feel a bit insecure at the moment, not so much for myself. But in the period that I made a lot of profit, this has been contagiously working on my environment. And people have stepped in because of my enthusiasm on a much too high level. They read the advice of haejin who kept on writing the coins in the sky while it was January and btc was already shaken. You and I know now that you better can get out of the market in January and Haejin should have known that with all his experience.
Yes everything is very cheap but i do not have much more to spent at this moment.
Thanx for your reply!
I remember when Haejin kept forecasting new highs while everything was falling in January. I listened to him for a while and one morning after I woke up and realised that bitcoin was crashing and this was far from a healthy correction, I just sold most of my coins to Tether. Then I read some disturbing news about Tether and decided not to stay in Tether for too long too :) The cryptoworld is full of dangers and insecurity, but in the right time one can get rich really quickly (have you ever calculated what just $1000 put in Verge in April last year would be worth in December 2017?). But I can't be angry at Haejin cause it was always me who made the decision to buy or not to. Before starting this crypto adventure I made it clear to myself that I should always buy based on my decision, not on someone else's (there was a time I followed Haejin's forecasts more than my own, but not anymore). That's why I often research more about the technology - if TA also shows promising returns, and if my intuition is also good on this coin, I buy some. In short - I don't think your acquaintances should blame Haejin, you, or someone else - nobody forced them to buy bitcoin. And one more thing - there was a lot euphoria in December when bitcoin hit almost 20K - it was crazy and everyone wanted to buy some bitcoin. This worried me a bit - you also know that you should buy when there is fear and get out of markets when there is greed. I expected a crash soon, but thought (or maybe hoped) January and February would bring more profits. It is difficult to estimate when the euphoria is too much, but next time I see the early signs of it, I know I will sell at least some of my coins. My point is however that your acquaintances probably bought bitcoin in late December/early January when there was a bit too much euphoria? Plus it is wrong to buy based on someone else's recommendation - it is a pricey, but also a priceless lesson that one should rely only on himself/herself in this game. That being said, I will always share my opinion on coins with you when asked. Right now, for example I believe we are getting below $9450, possibly about 9K (it is 9947 right now). What do you think of tomorrows price of bitcoin? Good night!
Good morning,
I do not blame anyone. It was just a combination of circumstances and inexperience and sometimes you also have to pay some tuition fees(...do I say that right?).
I still read Haejin's blog, but believe that he should not have written about orgasmic lunges while btc was already staggering.
For today, the price of btc will be around $ 10,000 (lol, i just looked)
Greetings from rainy Netherlands :-)
Hi! We are in a bearish mood today, so you got it right.
Yeah, Haejin was dead wrong and destroyed his reputation - he overdid it, I agree.
I think we are going even lower now when I look at the volume and the general mood, possibly below 9K. Would that invalidate a bullish scenario and mean bitcoin will crash soon (below 4K)? According to one analyst, this might me the case. I don't know yet - I hope not. What do you think?
Hi Alex,
You too here, nice :-). I am usually very positive but the last 2 days I have a bit a hard time. I have just posted my bear flag with Sala, he says that I should not make a mistake and that I have to hold on. He knows my portfolio and has even said that I can become a m .... this year. I laughed hard about that. But for now I lose a lot on my alts at the moment. Of course I know that in a week this landscape can look very different ... but I see a lot of bears on my way now. I think we are far away from dancing the salsa in Sydney.......
I was wondering am I looking at the formation of a bear flag, i hope not...