I can't find which article I tipped Factom in. Sorry if you missed it. I know I can babble sometimes and you have to get through that to get to the good stuff. My bad.
Anyway for those of you who have made at least 10% on this trade please consider some SMALL profit taking of your own. Always a chance of a bounce of the psychological resistance of the "all time high". But in this market it'd be just as likely to see a bunch of newbies jumping on board and throwing this trade another 5-10% of profit in no time.
I'm taking a little off the table and will buy back if it bounces off that high. If I'm wrong the rest of my stock will be gold as the psychological resistance is destroyed and Factom goes to the moon
When you think this will be "going to moon"? I guess not next months!?
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Great question @mxk11. Short answer: I'm in my trades until I make money. Long answer: I don't have a crystal ball mate. I only have a shit load of research and Fiat trading experience under my belt. When I can't say. Where I just might be able to. Tell you what, just for adding to the conversation I will tidy up my article containing the basis for my bitcoin formula (this is the article which made me switch from fiat trading) I honestly didn't know what bitcoin was until it started showing up on my trading platform. My mentor, a 0 year veteran who is a superstar at technical's (I was always better at the research). Is now being bought up to date (by me) and will soon be joining the mainsteemmedia team to give you live and up to date buying tips. If this little convo we are having gets any hits I'll do a report on Factom for you. But for now Encrypgen CEO David Koepsell is waiting on my article. Check out the article on my feed. Anyway frother, thanks again for the comment. Yewww.
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Saw your post, looked at the charts, and decided to unload my entire Factom position at around 0.014. I like Factom a lot, but sometimes you have to listen to the chart Gods! Hoping to get back in around 0.0115 or .012
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I will admit to not being strong on technical analysis. I have a mentor working with me to improve, but honestly I don't day trade anymore. I haven't event opened my account in over a month. I think it is wise to consider what we are trading in the crypto economy not as currency alone but in 3 different categories.
Commodity (Gold Silver etc) - Bitcoin for example. Like gold it is a great store of wealth, but difficult and expensive to use in day to day transactions
Currency (AUD USD CHF JPY etc) - Litecoin for example I see more of a traditional currency, Easier, faster and less expensive to transfer through the economy)
Company stock - Encrypgen for example. I have invested in David and his team. By now I know you will have looked into it and you can see why I'm not buying a coin. I'm buying shares in a company. My question when I find a great company like Encrypgen is not when should I sell? It's how do I get on board? I'm not being paid for my journalism, nor am I being paid for driving his campaign on steemit. I would never have offered this to Voxels. The truth is I'm a bit of a "save the world, everybody love everybody optimist". I want to share something with you because you've really helped me. I sent David an email asking if a potential pharmaceutical company buy out was on the cards? David is obviously very busy so he keeps conversation short. But this is a direct quote from my email "We expect that shortly some compatible company will seek to partner or acquire, yes. We would be very careful about maintaining our vision, however."
I love this guy. He's not in it for the cash mate. And it's people like this who have the drive and desire to make companies succeed.
Anything I'm interested in is 2020 sort of stuff. Anyone who is looking to get rich over night will be killed by people like you and my mentor who just laugh as they pinch the pockets of the uneducated all day long. Me I'm more about long term strategy player. I don't invest any money I might need i the next 3 years. I don't withdrawal, I NEVER SELL AT A LOSS.
That's it. Not that hard in a growing economy. I believe research will destroy technical's long term, but you have both so you're going to do very well in this space. I don't follow people for the hell of it. I advise my followers to follow you because I think you bring them what I can't at times. I think occasionally you're getting a decent little tip from me too. Peace frother.
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Yeah, I generally agree. I have no intentions of converting my crypto portfolio into fiat in the next few years. I am not a day trader by any means, and have a lot to learn in technical analysis. What I'm trying to do is combine charting with fundamentals. If I like a coin fundamentals, then I'll look at the charts and sometimes trade the charts. In the case for Factom, my trade worked out. Got out at 0.014, got back in 0.0125. It doesn't always work out though!
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