So I had to buy back in... :/

blazing (70) · 7 years ago

looking at the Trend it might go more Down there was a hope Recently when it touched 300$ mark but not again .. :(

$0.00

xaero1 (57) · 7 years ago (edited)

Yes indeed...it seemed to be a false hope... and turned out to be just a lower rounded top - which is definitely not a good sign. More reasons why I think we're in a down-trend:

On the 1 day chart (https://cryptowat.ch/kraken/etheur/1d), the exponential moving average indicators have crossed over decisively in the negative direction.
On the 3 day chart (https://cryptowat.ch/kraken/etheur/3d), the MACD indicator has gone decisively red
And you don't need a chart to know that 2 months ago everything was up 10x, but for the last month pretty much everything has been going down (with some crashes and bounce-backs in between)!

However, even with all the above inductors I think there is some chance imo that we could still get more of a sideways considation rather than crash/large drop. But only time will tell!

$0.00

glex (55) · 7 years ago

Very cool if your predictions will come true, wait, not sell :-)

$2.83

3 votes

xaero1 (57) · 7 years ago

Thanks :)
Although in that comment my prediction pretty much just adds up to saying 'I've got a bad feeling about this...' ;)

$0.00

blazing (70) · 7 years ago

all we can do is now just Hope for the Best :)

$0.82

xaero1 (57) · 7 years ago (edited)

The market is not looking too bad today (right now) :)

I think I'll always have a slight negative bias influencing my thoughts which I should try to get rid of :) (Just because I was around when the previous bitcoin bubble deflated!)

$0.00

Show 7 more replies

stephcurry (51) · 7 years ago

I was so close to sellin off eth at 20" afraid that it was going to drop more...glad I didn't as the drop was due to a correction and wasn't even news related. I'm thinking it should keep rising as EEA3 will be announced sometime this coming week

$5.06

9 votes

heelzkinu (57) · 7 years ago

Right.
Ethereum is like mother of all altcoins.
One should not sell it because its volume kept on increasing as compare to other coins.

Key point- 4 days to sleep and 4 days to rise
Which means ethereum is the coin which fall for 4 days and with the speed of bullet it rises up and up. @xaero1

God bless you
Steem on

$5.02

3 votes

xaero1 (57) · 7 years ago

Very true about the volume.

I really hate to sell ethereum...I always plan to buy it back after :)

$0.00

heelzkinu (57) · 7 years ago

That's pretty cool !

$0.00

somethingsubtle (56) · 7 years ago

If you are in it long, you should put away the news sources, the market charts, and just relax.

If are a day-trader, then well, hope you have good blood-pressure medication. And when it dips, you dip, we dip.

$4.67

makeithappen (61) · 7 years ago

Agreed, but you can like me combine. (long term / short term)

It keeps me focused end stay up to date.

$0.13

xaero1 (57) · 7 years ago

Lol.. nice one!!

$0.00

edb1984 (49) · 7 years ago (edited)

I wonder, REEAAALLY....

How many of the day traders could have just sat back passively and moved their pieces carefully and intelligently for the long term and only made either moderately more/moderately less, or the same as they would scurrying around trying to bag mooning coins.

After all, even if you make some pretty good gains, maybe it would even out down the road. How many people sold all of one coin only to see it soar later on? Maybe they made that money back, in a even more profitable coin, maybe with all the shuffling its' difficult to even work out!

It's much more, I think, than just about money. I think many people would still choose to sprint rather than casually walk even if you could prove to them they weren't going to arrive much faster. But you know I'm not so sure it's so bad, with all this exciting new life flourishing around someone it seems like that's life! You want that stuff! It shows you still get it!

$4.24

xaero1 (57) · 7 years ago

Nice post!

And You are right :)

I speak a bit from experience - I've been manically trading for the past two years. If I'd just held ethereum and done no trading I'd have made a better return :)

But, unfortunately that really requires a least a bit of hindsight! If everyone knew ethereum was going to be worth this much, then everyone would have bought it at the time..and no-one would ever have sold it! ;)

$0.26

wahyusaputra (55) · 7 years ago

nice post @xaero1
awesome
i like it

$4.19

xaero1 (57) · 7 years ago

Thank you!

$0.00

tzap90 (56) · 7 years ago

Its normal that the altcoins need some smaller corretion atfer a big rise in a short period. I will HODL aswell and buy some if its drop again.
Bitcoin had the same Up and downs in 2012-2015 and then exploded in the previous months

$3.51

xaero1 (57) · 7 years ago

Likewise.

And thanks for your comment. I 'member 2012-2015 well!

$0.07

tzap90 (56) · 7 years ago

I am not saying that this will be the same case with altcoins. I dont look at the daily prices(at least I try to not buy or sell impulsive )
I am more in the long run game heading to 2020 :)

$0.00

lordoftruth (71) · 7 years ago (edited)

Thanks for sharing
I never sold ETH or BTC !!
When I need some money I use my Xapo card
I always buy the deep

$2.38

xaero1 (57) · 7 years ago

Agree. ..But the one thing you need in order to buy the dip is good ole fashioned cash e.g. USD. That's why I always force myself to sell regularly so as to always maintain a proportion of my portfolio as crypto and a proportion as cash :)

$0.06

lordoftruth (71) · 7 years ago

You doing great
About myself , I did not use usd or euro for shopping and live the last 2 years
I used only crypto.. I used my Xapo visa card ( attached to my btc).. the reason why I buy on deep and I do not sell..
Thanks for reply and for support

$5.65

xaero1 (57) · 7 years ago

Awesome! Great to hear that's possible, because that is my exact plan to try next!!

I have a lot of stuff in crypto and can't/don't want to get back into to the legacy banking system. Also I gave up my old job a while ago and hopefully can just make money in the future from trading and investing :)

So, yes, my next step is to get a xapo card, and hopefully use that for everything I can!

$0.06

lordoftruth (71) · 7 years ago

"don't want to get back into to the legacy banking system"
This is great..
Xapo card is really great one and for exchange the best is @blocktraders
You can use Xapo .. anywhere and anytime.. is very secure my friend

$2.05

xaero1 (57) · 7 years ago

Cheers :)

$0.00

besteulz (53) · 7 years ago

There you go my friend, its some fcking true story ;) Let us rule this!!

$2.29

gentlesteem (46) · 7 years ago

Haha my man! You are so fcking true, that's the game. Let us play, let us win in the bloody streets of greed ;)

$2.20

xaero1 (57) · 7 years ago

Loool!

$0.00

gentlesteem (46) · 7 years ago

haha i lost all :( nearly to

$0.00

millioniare (46) · 7 years ago

HAHAHAHA funny post !

$1.51

xaero1 (57) · 7 years ago

Cheers :)

$0.00

pawizz (43) · 7 years ago

YES! you are so right buddy;)

$1.51

xaero1 (57) · 7 years ago

Yes! And then I had sell again :).
Still my post was in some way true: you can't 'simply' sell ethereum - you have to do it in a complicated way :P

$0.00

pawizz (43) · 7 years ago

Oh my man, i understand.. i dont know where are you from but we use litebit/annycoindirect to sell ether, is some really easy process. see you buddy

$1.50

freshstuff (57) · 7 years ago

Hey man ,like I said ,this is crazy time at market . Cheers mate 🙂

$1.22

cryptokraze (72) · 7 years ago

Ethereum is giving chance to those who missed it beliw 300 and it will make another high above 500 now.

$0.50

xaero1 (57) · 7 years ago

Will be interesting if you're right on this.

$0.00

cryptokraze (72) · 7 years ago

Ethereum is a platform ad well and it is being adopted by masses. It has to grow and grow only. We will see anothor growth after august.

$1.01

booster (68) · 7 years ago

This comment has received a 0.63 % upvote from @booster thanks to: @cryptokraze.

$0.00

booster (68) · 7 years ago

This comment has received a 0.05 % upvote from @booster thanks to: @cryptokraze.

$0.00

yourahea (49) · 7 years ago

great post and meme
i like it :)

$0.50

makeithappen (61) · 7 years ago (edited)

These markets are crazy. If you can't make money now as a trader than I don't know either. You have to have a strong stomach though. :)

$0.10

xaero1 (57) · 7 years ago

Yeah, exactly!
Still, I'd just love to be able re-do my trading over the last 24 hours!! ;)

$0.00

makeithappen (61) · 7 years ago

I understand your feeling. :) But that wink says enough. Never chase a trade. ;)

$0.13

xaero1 (57) · 7 years ago

I made some money.....just not nearly as much as was sitting right there on the table! In hindsight, that is ;)

$0.00

paulyaces76 (51) · 7 years ago

Every time I think I am out, they pull me back in!!!!!

$0.08

inviterx (48) · 7 years ago

very true..

$0.00

xaero1 (57) · 7 years ago

Buy sell buy sell.... it never stops!

$0.00

besteulz (53) · 7 years ago

Why you dont go for the long term position? Are you day trading a lot? Im just something like a Holder i guess ^^

$1.22

xaero1 (57) · 7 years ago

I'm a holder with a significant proportion of my portfolio, but the other part I use for trading. Got too much sh*t tied up in this crazy stuff that I can't afford to have it all at risk if/when the market tanks (if I can avoid)! Plus, you can actually earn a good return from day trading if you are sufficiently experienced at it and trying to do it professionally :)

$0.09

besteulz (53) · 7 years ago

Would be great to get some prediction about the marcet cap for crypto in five years. What do you guess? 1 trillion? 5? even 10?

$0.10

xaero1 (57) · 7 years ago

I think it depends on how big the ico thing can get and whether more traditional companies can start issuing their shares on a blockchain and whether that's even counted as 'crypto' (quite likely not if regulated block-chains are used, but I dunno).

But I really have no idea since technical analysis isn't much use... unless that is you just to plot a log graph and assume it will keep growing logarithmically indefinitely! ;) Of course, it can't.! My guess is more than another 10x increase might be a bit optimistic.

One thing I think might be a distinct/likely possibility is that Ethereum overtakes bitcoin by the time it switches to proof of stake.

But basically I don't really have much of a clue in regard to your question - my guess wouldnt be better than anyone else's! Ok anyway, just put my guess down as 500bn to 1trillion range, if you like ;)

$0.12

darkerhorse (53) · 7 years ago

so true, with eth its a case of what goes down must always go up

$0.00

xaero1 (57) · 7 years ago

Lol...seems very true right now!!! But in 5 mins, who knows ;)

$0.00

parker.hammer (45) · 7 years ago

amen brotha preach!

$0.00

peacevoter (43) · 7 years ago

Hey, me again. Would you tell me how long you are in this market? How long in steem? Thx

$0.00

xaero1 (57) · 7 years ago (edited)

Sure - I've been in crypto since around the start of the bitcoin bubble when it was around $100 circa 2013 I think. I was following STEEM since I year ago when it was created....but didn't get in during the ninja mine when pretty much all the main whales got their stashes for very little investment required. :) This was because I've never mined so didn't put the time in to figure it out (I should have done!). But I made great returns in the last year on other crypto - ETH was the best, but also BTC, and others. So, I had enough resources from that to buy into steem over the period of the last year. Best regards.

$0.00

vegeto (52) · 7 years ago (edited)

Ethereum is coming , to the top

$0.00

auliaramadhn (56) · 7 years ago

Hey sir @xaero1 try you see my post this. And do not forget to follow me so you can see my post. Have long to follow you and wait for you follow me. Let's see my post @auliaramadhn
https://steemit.com/introduceyourself/@auliaramadhn/hello-im-new-member-join-here-to-steemit-201793t201323520z

$0.00

kevbot (56) · 7 years ago

you made my night on steemit haha. heading to bed now on a good note

$0.00

ir3m0del (42) · 7 years ago

$0.00

xaero1 (57) · 7 years ago

Ah, trump memes. Always good ;)

$0.00

wekkel (51) · 7 years ago

So basically, you are f**ed?

$0.00

xaero1 (57) · 7 years ago

Haha... not this time but could have increased my stash quite a bit more :)

$0.00

mrwanderlust (58) · 7 years ago

Question for you as an experienced guy: I recently bought 5 VGAs and am mining ether now. Now I wonder should I sell them, keep them or sell parts of them whenever I get one. Just wanted to hear your opinion. Oh, and thanks for your upvote!

$0.00

xaero1 (57) · 7 years ago

I haven't ever mined so actually I don't know much about that. If I were mining though I'd probably just hold other than maybe selling a proportion of the generated ETH regularly just in order to pay for the electricity costs if i needed to....because this should work out like a dollar-cost-averaging strategy (I guess) which many people recommend.

Of course, it really depends if you think ETH will be worth more than it is now when they eventually switch to proof of stake. You'll have to decide that yourself. I think it could well be worth more at that time, but that's just my guess.

Personally though as I have a reasonably substantial amount of funds, I don't like to leave it all in crypto, because of the downturns. This means trying to sell the tops and then buying back in at the bottoms with at least a good proportion of my holdings.

$0.17

mrwanderlust (58) · 7 years ago

Wow, thanks a lot for your advice. Your personal guess is exactly what I wanted. Selling only small parts is what I was planning to do as well, so you reassured me, thank you.

$0.00

get-it-done-man (40) · 7 years ago

I sold before I went to bed and bought them right back when I woke up. Regretted my decision to sell very quickly and didn't loose anything actually gained a little. not much though. Need to remember what my buddy @IR3m0del says " If you believe in it just keep investing for the long run."

$0.00

xaero1 (57) · 7 years ago

Been there, done that, unfortunately :( In this case i actually stayed up all night .... and still didn't make the best trades I could!

$0.00

get-it-done-man (40) · 7 years ago

Sorry to hear that. You can't always win but you can always try to minimize your loss.

$0.00

xaero1 (57) · 7 years ago

Actually in this case I didn't make a loss ... more of a 'lost opportunity' :) But many thanks for your comment!!

$0.00

cryptobeze (34) · 7 years ago

If you want to take the next big crypto currency train come on lisk, it will reach the moon exactly as ethereum did, if you want to know why come on my blog i'm a crypto blogger,
following U

$0.00

xaero1 (57) · 7 years ago (edited)

Didn't think they had a working product or something like ethereum where smart contacts actually run on the block chain?! But I havent followed it in a year ;). Will check your blog though. Cheers!

$0.00

cryptobeze (34) · 7 years ago

Rebranding for end of august, and Q4 2017 SDK release which means that dev are going to create some products, but everything is decentralized, and the lisk inflation is less than ethereum, in five years there will be 2X more ETH as LISK in circulation
Thanks buddy

$2.20

besteulz (53) · 7 years ago

What is your prediction on Lisk? I think Lisk is some really interesting problem, maybe way better then the most coins out there. What do you think about?

$0.00