I love your analysis.
So wonderful to find like minds in trading.
I also take profits in bits but it requires a lot of discipline and alternate income sources to hold fiat till u get another entry point below where you bought initially.
This is one of the best philosophies of trading 'buy when others are scared and sell when others are happy'.
For those who are investors, choose an entry point and hodl. Never ever sell at a loss, u will be glad u did so in a few months.
Great entry price, I bought too. Be prepared for another potential swing down though, this is a little different to the last few dips that quickly retraced. Like from 7.5 to 5 and 5 to 2.9. But the idea of buying the last big high in BTC seems to be holding.
Wouldn't be surprised if the markets try and stop out a bunch of longs sub 7.5k.
I'm long and strong my cryptos as well. It helps to have started buying in July, so that even when the market corrects, I still have a lot of profits. It must be a lot harder for newbies who are staring big losses in the face.
Buying back in when the fundamentals have not changed, is never a bad idea. These last few days really show the importance of taking some profits off the table every once in a while.
Take some profits along the way and build that opportunity treasure chest people!
I completely agree! It's hard to time the market, but it is still so critical to buy in at good positions. Buying in at good positions takes research, time and patience. But in my own experience you have more flexibility and are able to take advantage of selling and buying opportunities in crashes and corrections (doesn't mean I've done this gracefully every time though).
I think we just all learned 12k are our base HODLrs, the rest are noob speculators. The base will grow, but I doubt it will go below 12k without something disastrous happening to the Blockchain.
People need to keep in mind all the ALT coins that are birthed from Bitcon, add them all up and bitcoin is still well over 20k. Bitcoin gives you gifts.
The first thing we would need is a good business plan. All busines owners know that a plan is the road map to success. A plan must include financial projections which is the goal of owning a business to take money.
Money is not the most important thing. But what is important is the Customer service, consistancy and making your customers feel they are dining at YOUR TABLE IN YOUR HOME are the most important things. What customers think about, say about and how much they enjoy dining in your rest. is the thing!! We should make our customers feel like home. This article is good because it give us some tips for our fellow steemians who is thinking to put up some business. :')
I love your analysis.It is wonderful to find similar minds in the trade.
I also take the profits in bits, but it requires a lot of discipline and alternative sources of income to maintain the limit until you get another entry point below the one you originally purchased.
This is one of the best philosophies of "buy when others are afraid and sell when others are happy".
For those who are investors, choose a point of entry and HODL. Never sell at a loss, you'll be glad you did it in a few months.
be happy @nanzo-scoop @airhawk-project
#nanzo-scoop i have made a post on you if u dont mind kindly have a look at it :)
Steem is the best of digital currency i ever think of. It increases gradually to attract market value. If the value keeps increasing like this, i think steemians are on chance of making billions in time to come.
I need to learn something from you. Now this is called playing SAFE !! No chance of risk at all !! Only profits, whether it happens a few months later, but waiting is better then loosing it all !!
Thanks for informing us about this amazing strategy 😃
Yeah I got in around 8,5 on this position waiting on my was not a full stack but a couple on the first decimal will hodl now until I am a big boi in this game
A wide variety of acts in the bitcoin trading, but we have to be sure when you take keputusa, if we sell or buy any bitcoin bitcoin..
Never hesitate in acting ...
Thanks for sharing @nanzo-scoop
Great post, bitcoin is for sure gonna spike up very soon, cryptocurrency is the future! In my opinion the only reason it is volatile at the moment is because people are still learning about it and are not sure what it exactly is, including people in high places, but it sure will spike up and more people will join!
Haven't watched the vid yet but I have to say what you wrote, man, I couldn't have said it any better if I had taken the time to try. It's rare to read something that completely lines up with the way I am thinking, even down to selling parts of your BTC when the price doubles. You're so well rounded in the way that you think about these things, you seem like a really level headed guy :)
Totally! I was expecting 8.5k to be the lowest but doesnt matter as we know where this is heading to. $9.2k of now and things are looking good, but i do feel we can see a bit more pullback to the 8k range again before the actual game, which looking at the previous year charts seems like April- May before we really take off.
Yeah with the reform on our tax system going online feb 1 we are back to the upside for everything not the dollar or equities.... gonna be that time but now normal people have a chance to make money on the banking system move back to asset backed reserve for trade great buy amd thanx for sharing
Incredible post, bitcoin is without a doubt going to shoot up soon, cryptographic money is what's to come! As I would see it the main reason it is unstable right now is on account of individuals are as yet finding out about it and don't know what it precisely is, incorporating individuals in high places, yet it beyond any doubt will shoot up and more individuals will join!
I agree, and using Steem that you have earned makes it even less of a gamble, because even if you lose some, you can make that money back by writing about how you lost it.
You're a brave man! The overall markets have had their first correction in over 2 years. I'd expect more to come. Hopefully with the trust in the block chain people will start to migrate over to cryptos but it's really early to tell.
I tried to buy in - both bitcoin and steem, but I don't have an account anywhere to do it. I'm basically a native Steemian with no other cryptos anywhere.
@nanzo-scoop Dude, you are bang on the money with this post. I wrote a similar analysis earlier today about the FUD in India and came pretty much to the same conclusions as you. Do check out my post. Let me know if you like it. It happens to be my very first post on steemit though I have been in the crypto space since 2013. Keep up the good work.
I only buy Bitcoin for exchanging other crypto, not for investing (simply because I have a bad cashflow situation and can't afford to invest just now). However the slow confirmation times and increase in fees have put me off using Bitcoin as an exchange currency recently, and instead I use Litecoin.
Which makes me wonder if the slow confirmation times and fee hike is the real reason behind Bitcoin's crash. Maybe some heat needed to be taken out of the Bitcoin oven.
Having said that, I notice that it's already bounced back to $9.3k!
Waiting game for me is somewhere between 3-5 years. HODL
I love your analysis.
So wonderful to find like minds in trading.
I also take profits in bits but it requires a lot of discipline and alternate income sources to hold fiat till u get another entry point below where you bought initially.
This is one of the best philosophies of trading 'buy when others are scared and sell when others are happy'.
For those who are investors, choose an entry point and hodl. Never ever sell at a loss, u will be glad u did so in a few months.
Cheers
You only loose when you sell! I'm a bit newer to the investing game so these types of scenarios are all apart of the lesson you need to learn.
@nanzo-scoop Great post and HODL on!! Follow me and as I like crypto also! Good luck and BTC to the MOON!!!
Great entry price, I bought too. Be prepared for another potential swing down though, this is a little different to the last few dips that quickly retraced. Like from 7.5 to 5 and 5 to 2.9. But the idea of buying the last big high in BTC seems to be holding.
Wouldn't be surprised if the markets try and stop out a bunch of longs sub 7.5k.
I'm long and strong my cryptos as well. It helps to have started buying in July, so that even when the market corrects, I still have a lot of profits. It must be a lot harder for newbies who are staring big losses in the face.
Buying back in when the fundamentals have not changed, is never a bad idea. These last few days really show the importance of taking some profits off the table every once in a while.
Take some profits along the way and build that opportunity treasure chest people!
I completely agree! It's hard to time the market, but it is still so critical to buy in at good positions. Buying in at good positions takes research, time and patience. But in my own experience you have more flexibility and are able to take advantage of selling and buying opportunities in crashes and corrections (doesn't mean I've done this gracefully every time though).
Definitely true @ronparlay!
I think we just all learned 12k are our base HODLrs, the rest are noob speculators. The base will grow, but I doubt it will go below 12k without something disastrous happening to the Blockchain.
People need to keep in mind all the ALT coins that are birthed from Bitcon, add them all up and bitcoin is still well over 20k. Bitcoin gives you gifts.
Wow! You're good at trading! I tried riding these waves and I just got dizzy.. Thanks for sharing very effective strategies. They all make sense.
This is an amazing way of earning from bitcoin, buying when it drops in price and selling when it goes up.
And another thing
Exactly, I believe steemit is a blessing to the whole cryptocurrency people.
You just have a means of getting capital for continuous trading.
You are very good leader continues. vote for me, I am new. follow me @saizor
The first thing we would need is a good business plan. All busines owners know that a plan is the road map to success. A plan must include financial projections which is the goal of owning a business to take money.
Money is not the most important thing. But what is important is the Customer service, consistancy and making your customers feel they are dining at YOUR TABLE IN YOUR HOME are the most important things. What customers think about, say about and how much they enjoy dining in your rest. is the thing!! We should make our customers feel like home. This article is good because it give us some tips for our fellow steemians who is thinking to put up some business. :')
I love your analysis.It is wonderful to find similar minds in the trade.
I also take the profits in bits, but it requires a lot of discipline and alternative sources of income to maintain the limit until you get another entry point below the one you originally purchased.
This is one of the best philosophies of "buy when others are afraid and sell when others are happy".
For those who are investors, choose a point of entry and HODL. Never sell at a loss, you'll be glad you did it in a few months.
be happy @nanzo-scoop
@airhawk-project
#nanzo-scoop i have made a post on you if u dont mind kindly have a look at it :)
Great solution! It looks like the latest bitcoin price has just been released this year!
be scared when others are greedy and greedy when others are scared. Nicely done.
Great post. I'm going to follow you.
Nice one
Lol
Patience required
The drop is killing me .am hoping for the best cheers!!
Steem is the best of digital currency i ever think of. It increases gradually to attract market value. If the value keeps increasing like this, i think steemians are on chance of making billions in time to come.
Lol. Exactly. Good buy, bro. Perfect win-win. HODL for as long as possible.
Your strategy is great !!
I need to learn something from you. Now this is called playing SAFE !! No chance of risk at all !! Only profits, whether it happens a few months later, but waiting is better then loosing it all !!
Thanks for informing us about this amazing strategy 😃
Yeah I got in around 8,5 on this position waiting on my was not a full stack but a couple on the first decimal will hodl now until I am a big boi in this game
Check out my BTC HoDL video if you like
https://busy.org/@cgbartow/how-tohodl-btc-zg1hbmlh-ortj2
Now btc touch 9.2K$
Same here. I got in around the same amount. If web bot from Clif High is correct....Happy Days.
A wide variety of acts in the bitcoin trading, but we have to be sure when you take keputusa, if we sell or buy any bitcoin bitcoin..
Never hesitate in acting ...
Thanks for sharing @nanzo-scoop
Great post, bitcoin is for sure gonna spike up very soon, cryptocurrency is the future! In my opinion the only reason it is volatile at the moment is because people are still learning about it and are not sure what it exactly is, including people in high places, but it sure will spike up and more people will join!
Haven't watched the vid yet but I have to say what you wrote, man, I couldn't have said it any better if I had taken the time to try. It's rare to read something that completely lines up with the way I am thinking, even down to selling parts of your BTC when the price doubles. You're so well rounded in the way that you think about these things, you seem like a really level headed guy :)
good post friends, biccoin is now greatly decreased.
Smart witty move you took
It's gonna be a riding tour soon
Great step taken
Totally! I was expecting 8.5k to be the lowest but doesnt matter as we know where this is heading to. $9.2k of now and things are looking good, but i do feel we can see a bit more pullback to the 8k range again before the actual game, which looking at the previous year charts seems like April- May before we really take off.
You just spoke like you are @steevc, he blogged about the dip and said what matters to him is the healthiest of the system not the price.
I think the bloodbath is also some way to correct the market cause it has been abnormal since with the high prices
Yeah with the reform on our tax system going online feb 1 we are back to the upside for everything not the dollar or equities.... gonna be that time but now normal people have a chance to make money on the banking system move back to asset backed reserve for trade great buy amd thanx for sharing
Riding The Wave Of Bitcoin, Ain’t it a Fun one?
Really i weating your post hear.your video is vary informative. Thanks for given next post.upvoated @nanzo-scoop
Hodl game on point!
Dear @nanzo-scoop
I become your follower and honestly love your blog!
Great work!
You did took the right decision buddy !There are people that took the right decision while it was in dip !
Incredible post, bitcoin is without a doubt going to shoot up soon, cryptographic money is what's to come! As I would see it the main reason it is unstable right now is on account of individuals are as yet finding out about it and don't know what it precisely is, incorporating individuals in high places, yet it beyond any doubt will shoot up and more individuals will join!
I agree, and using Steem that you have earned makes it even less of a gamble, because even if you lose some, you can make that money back by writing about how you lost it.
It is a bissniss game one time bitcoin touch the 16 $
You're a brave man! The overall markets have had their first correction in over 2 years. I'd expect more to come. Hopefully with the trust in the block chain people will start to migrate over to cryptos but it's really early to tell.
I tried to buy in - both bitcoin and steem, but I don't have an account anywhere to do it. I'm basically a native Steemian with no other cryptos anywhere.
😢😭
Really interesting insights.
This is a great view to have at the moment, especially if your not a professional trader and just getting into this space.
@nanzo-scoop waiting game! Thats what need to be done! Good movement to buying at the dip. Btw did u have a chance to look at video from steemfest 2 https://steemit.com/steemfest/@mynewlife/steemfest-or-aftermovie-portugal-lisbon
@nanzo-scoop Dude, you are bang on the money with this post. I wrote a similar analysis earlier today about the FUD in India and came pretty much to the same conclusions as you. Do check out my post. Let me know if you like it. It happens to be my very first post on steemit though I have been in the crypto space since 2013. Keep up the good work.
I've been buying bitcoin too! :) Buy low! :P
I only buy Bitcoin for exchanging other crypto, not for investing (simply because I have a bad cashflow situation and can't afford to invest just now). However the slow confirmation times and increase in fees have put me off using Bitcoin as an exchange currency recently, and instead I use Litecoin.
Which makes me wonder if the slow confirmation times and fee hike is the real reason behind Bitcoin's crash. Maybe some heat needed to be taken out of the Bitcoin oven.
Having said that, I notice that it's already bounced back to $9.3k!