[0081] - Bitcoin & Cryptocurrencies: Casually Entering a Bear Market

in bitcoin •  7 years ago 

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As usual, "this is not financial advice" yada, yada, yada but I get the impression that the bull run of the last few days in the cryptocurrency market is coming to a close.

So, for those of you who "sell high" and "buy low" later may want to watch the dips.

I am thinking that the red lights will start lighting up across the board later today and then go into a steep, cliff correction. Before a hard bottom bounce. Shedding a good deal of the speculative hype from the price tag of all coins on the market that was accumulated over the past 3 days.

So time those bottoms people. Or just HODL on.

Thanks for watching,

Brendan Rohan - Indie developer of 'next gen' natural medicine from Melbourne, Australia

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DISCLAIMER: This article is written by an amateur investor and is offered purely for information purposes. This is not financial advice and you should always seek the advice of a finance professional.

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It's feeling a bit crazy right now but who knows if it'll be today or not!

I think it's that moment when you're riding a roller coaster and it has just gone over the peak. And everything slows down just for a moment. Then it's down the other side at break neck speed. I think that's where we are. We shall see.

I hear you, I've learned to listen to my gut feel about these things, I sold my XRP today for that exact reason.

I think you will be happy with your XRP move. The markets are settling into a down spiral.

You must be feeling good about your Ripple move right about now. Look at those charts and your discount offer. Well played.

I think it a standard practice to cash out some profits, regularly. I'm not owned by the markets and I have my own plans for them. Cashing out, regularly, allows you to rethink your strategy and either reinvest in crypto or cash out into tangible assets. Stiffly HODLing or holding to any strategy is not a good move, in my mind at least.