Bitcoin Independence Day - August 1 is too late to act. How to prepare.
I hear many folks saying that they will buy or sell on August 1.
Markets don't work that way.
Of course the event will happen from 1st to 4th August. Bitmain will start mining it's own chain on 1st and release it on 4rd if USAF is not accepted.
But markets will move before. There are few reasons for that.
People will start messing with their portfolios beforehand.
There will be insider groups who know more, who know earlier and they will make use of that info.
Enthusiastic growth before August would mean that we have the deal but then after actual info gets into public we might see a correction (check 2016 and halving).
July 17! Exactly a year ago we have had a top and then BTC crashed to 480$ from 785$. 40% correction
That was it.
Buy rumors, sell facts.
And the halving day was July 8.
On the other hand if we would see price of BTC crashing next month then we can suppose that something wrong is going on and insiders trade accordingly.
But then we could have some unexpected counter reaction if they somehow would find a consensus.
My portfolio have been already adjusted:
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Share your ideas how to trade 1st of August and your portfolios.
Thanks for this very informative post. I am following you for more.
I am still new here and I am having an information overload :0
Please be so kind as to read my post about bitcoin and give me your input?
https://steemit.com/bitcoin/@rbfromsa/to-bitcoin-or-not-to-bitcoin
Any advice would be most welcome...and perhaps an upvote :)
Thank you very much :)
thanks for the information
Great stuff! Also, thanks for sharing your portfolio...what software or site do you use to make the chart?
Thanks. Just Google Docs.
Cool. I probably need to switch mine over from Excel...
I like it cuz no app needed on my laptop and I can access my spreadsheet frm my phone by an app.
Another question: How do you account for the value of pre-trading ICOs?
For instance, I bought a little Exscudo and participated in their bounty program, earning some more. Yet I don't think that, once they're trading, they'll be anywhere near .0002 BTC. (You bought at that level, then they awarded you 6.7x the number of shares you bought...so that drops it down to at least 1/6 the value, right?)
Depending upon how it trades, EON (their coin) will be 15 or 2% of my holdings...
if the price would drop for a correction what are your prediction on the drop? I def plan to stock up if this correction does happen
Just found you, because you participate in @papa-pepper's Season 4 game and you also chose option 2 on the last round. I chose the same. LOL You have pistol, I'm with the shotgun, so we could cover wider areas as a team, isn't it ?? :))
Now for the Aug 1st and yours and my portfolio.
I mostly plan to focus on BTC, Steem and Dash, however I have no plans to wait for Aug 1st. My main strategy: If I've missed a quick raise, I wait for the correction and then buy. If I had the chance to get in early, I'd buy and hold.
Your portfolio is impressive...haven't heard for ZAPPL, BOS and few others...
Would be happy to follow up and learn from your posts.
We can team up but when it will be possible?
Yeah I have many rare coins :) Like Pokemons haha.
Thanks for following.
It's my first season and I don't know if it was possible previously. It totally depends on the game play and the next events the scenario will suggests. Papa said he is improvising and he doesn't have the game scenario and all possible choices in advance.
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