Im already in cash have been for a little over a week now!
Yeah... Bitcoin journey to 3-4K. Buckle up, its gonna get ugly
Im already in cash have been for a little over a week now!
Similar to TechModz I am holding fiat right now.
However, I have been buying and selling constantly.
Buying on the dips, selling when it rallies up.
#TeamNoSleep jk
I can't really say because it is hard to predict when it happens.
For example, I sold yesterday thinking it was going to crash, but it went up instead.
Now the price is the same as when I sold it. I haven't bought back yet though.
You make some, you may lose some, but so far I have accumulated more than what I have invested originally.
Having said that, when you compare it to fiat, it doesn't really do much of a difference.
When the next bull run comes, that's when I profit assuming it doesn't drop immediately after.
It's really hard to predict right now. I am also sensing some FOMO in a lot of people and myself for recently.
wizardshogwarts (08-17-2018)
what's the best one for usa?
Hmm do you think this is going to be the next high for few weeks right now? Ofc you prob don't know, but just based on analysis you've personally done. Its either I sell now and take a few thousand dollar loss or do you expect it to pump a little higher?
Also have you used ezBtc for Canada exchange? I have some of my BTC there that I will sell, do you think those low-customer exchanges have high rates / scam you when going from BTC to their "site balance" so I can withdrawal? Or should I use local bitcoins to sell.
You don't lose till you sell, just remember that.
At this point, what I am doing is gambling to see if what I am doing is right or not. That is what I am acknowledging, except I am just being patient with the charts.
It pumped yesterday and of course there is a pullback today. If it can go 10% up, it can go 10% down the next day, or maybe even more.
I did not buy into the pump though because I wasn't confident it would go too high.
Regarding it to pump in the next few weeks, I think most people are waiting for the SEC hearing. If everything goes well for SEC, we can expect a bull run.
Then they can say "Hey, we saved Bitcoin", and all that nonsense from the bear market. That is the most logical explanation I can think of.
Until then, any rally you see right now is pointless because everyone is feeling bearish till of course we hit our price points.
If you are holding in the long-run, you might just do alright.
No I have not used ezBTC for Canada. Low-exchange rights I question how they make money.
I am not sure what you would identify as high or low because Quadriga charges me like 0.2-0.5% every purchase/sell.
I haven't used localbitcoins before but the rates might not be as good, not really sure.
Just remember that I could be wrong with my advice and it's better to do lots of research.
SEC ETF decisions to be made this thursday... we'll see what happens... People are expecting a REJECTION, but whale has bought up 16,000 BTC via hidden from order books. Makes it seem that he knows something that everyone does not know.