EOS flip update - back to LTC

in eos •  7 years ago 

Hi all.

The other day I posted about switching from LTC to EOS for a quick return.
https://steemit.com/eos/@fat-elvis/another-crypto-gamble-ltc-to-eos

Well, I just flipped it back for a nearly 15% return, or 0.8 LTC, in around a day. That's a pretty great score for me. Now in full disclosure, I still hold a core position in EOS and I think it will do very well long term, this was just for a quick profit.

EOS-price-predictions-2018-The-future-looks-bright-for-cryptocurrency-USD-EOS-price-analysis-EOS-News-Today-2.jpgsource

So what's my short term move now? Well, I'll tell you, I've taken another short term position and bought about 23.5 ETC.
Ethereum-Classic.png
Source

I think ETC is be poised for a nice gain this week, but I am quite often wrong and am not very smart so do your own research, and don't necessarily listen to me.

Anyway, gaining crypto profits to buy up silver and gold is the name of the game right now, things can change in an instant in this world, so make sure you have some physical gold and silver in your possession. Check out #steemsilvergold if you're curious about buying and storing physical prescious metals.

This is not financial advice, just my opinion.

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Thaz the way you do it!!!

👍

EtherClassic.jpg
A quick TA for you - as I see it: ETC seems to be in an upwards channel. Price action recently moved above the 50 DMA, but it's running into resistance against the 200 DMA. Watch the price action around the 200 DMA: if it breaks through, there's a good chance you're off to higher profits (usually after a retest of the 200 as support). If it bounces downwards off of the 200 DMA very hard, cut your losses and get out. Good luck! I hope it breaks through!

I am very happy that your move proved fruitful. Keep on!

Thanks dude. It turned out well, then today reversed so I did the trade the other way again. LTC up 8% and Eos down 10%. So I hope it reverses again tomorrow for another big gain!

Thank you for your continued support of SteemSilverGold

good post..good not agree more...see my post this a.m. on silver..yesterdasy on bitcoin..thanks for your support.

I'll be on the lookout to see what happens with your eth classic.

Great read buddy and better result :)

All gains are good gains! Cheers buddy!

I love the idea of trading cryptos, but hate the process of record keeping for taxes... it seems like an absolute mess at this point. Missed a few flips while I just HODL, but should let me capital work.

I agree, I think this week was a good time to buy ETH, it dropped on some bad news, and it will probably be up again soon. I haven't followed etherium classic to see if it correlates to ETH enough though, so this is just an opinion.

I think you are right. I was going to buy with, but opted for etc instead.

Nice crypto gains there buddy, I read Eos even went bigger than Elon’s musk.. which is huge

Thanks. I think EOS will be moving higher real soon, and throughout May. After June 1 they are off the Etherium blockchain and it could get really interresting then.

Good luck my friend. I need to learn me some crypto....

Steemit is a great place to learn! You can start with installing a wallet, like Jaxx, on your phone or computer, and just learning about wallets, and backing it up etc. Then transfer out some steem to it once you get the basics down. Or acquire some coins online. I can help with anything you need that way, just get me on discord.

Awesome brother. Thanks for the help. Will do, let me download it and see what i need to ask. Appreciate it👍

I appreciate your support, thank you. Upvoted.

Nice one, i can’t sell any ltc for anything, nor eos. Accumulation strategy for both. Cheers

I hear you, it can be hard to trade because we all watch the up swings and don't want to miss out. But I have my EOS for holding then I'm trading in and out of mainly EOS LTC and ETC, with hopes of making big 10%gains every day or 2. So far so good, I just got back into Eos from LTC today, after trading the other way. EOS down LTC up, so I traded. Cheers 🍻