Another 30%-40% pullback?
Worth your consideration. If not lower, how much higher is a REASONABLE target?
The Maestro!
www.themaestroway.com
BITCOIN cycle?
8 years ago by themaestro (51)
$0.03
- Past Payouts $0.03
- - Author $0.03
- - Curators $0.00
20 votes
- + seablue: $0.007 (10%)
- + andersokohler: $0.003 (100%)
- + ahandfield: $0.003 (100%)
- + yalu1006: $0.002 (100%)
- + god-is-love: $0.002 (100%)
- + themaestro: $0.002 (100%)
- + tutial: $0.002 (100%)
- + gumsaba: $0.002 (100%)
- + mariaalmeida: $0.002 (50%)
- + moormanclan: $0.001 (100%)
- + plucky214: $0.001 (100%)
- + mspeagle: $0.001 (100%)
- + tlc76: $0.001 (100%)
- + stndardwhiteguy: $0.001 (100%)
- + bwmunson: $0.001 (100%)
- + illuminated: $0.001 (10%)
- + nedkelly: $0.000 (10%)
- + luckyjack: $0.000 (10%)
- + jamesallen: $0.000 (10%)
- + smooths: $0.000 (100%)
Is it even possible to predict what is happening in this crypto market? I honestly thought it would stall at $2000 and then pull back to $1200 were it last spent some time (4days LOL) perhaps enough to make a new floor. Now when I think about how much money was spent buying up to $2100, I have no idea where the 'new floor' is, nor whether there will be a pull back.
Every bone in my body says I should sell some and take the profits, wait for the next dip and buy back in... but I can't pull the trigger. Every time I check, Bitcoin is higher.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think you have to ride the wave. Can you set a traditional stop loss in bitcoin? I haven't a clue.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes you could use GDAX.com same login details as Coinbase. Just remember though when you BTC is on an exchange and not in your own wallet with a private key it is at risk.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Several exchanges allow for that type of setting, but a stop loss has also proven to be dangerous, unless you are able to monitor your position full time. I basically gave up using them, because the price would dip while I was at work, I'd get home, log on only to find my trigger was met and I am back in cash. The market however recovered, and the BTC was listed $10 more than when I went to work in the morning. Admittedly, the market is more stable now, than in 2013, but I still don't use auto trades anymore. A 24hr market is tough as well, since when the USA trading tapers, the China/Japan trading kicks in... when the hell can a guy get some rest.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I Normally use a TD Ameritrade Rule set that sets a buy condition if a Trade is Executed , plus i tend to use a Stop Limit Rather than just a stop for my AG trades its normally a 0.25/0.02 , but once executed i set a buy of 50% 20 cents and again at 40 cents . as long as im in the green , and you put in a weekly trade in the buy , yo tend to rarely go into the red
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
regular market thinking about chart investing decisions does not apply. This is a truly international market. Japan made btc legal tender, and Mrs Watanabe has been buying! Japan accounts for 40% of the current demand. Here is an article about ether, I took some profits (drat, too soon) on btc and bought ether. Ether is not really a currency, and is going to be used for business, lots and lots of big businesses:
http://www.coindesk.com/enterprise-ethereum-alliance-new-members-blockchain/
I am going to go back and buy a few more btc, and lots more ether. Now I have to check out the rest of the cryptos. Not saying it won't pull back, but i don't expect it to be deep or long lasting.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah, impossible to predict. Looking at the charts a pullback to1700 or 1500 USD would look correct. Brand new market really in the grand scheme of things and a lot of new money flowing in. Maybe we will look back in 10 years and what looks like a steep upward trend is nothing but a blip. Anybody's guess really...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Generally, there is a time in the summer that the bitcoin will have a pullback.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I hope it pulls back as I would like to buy some more.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm counting on it as well....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit