[Video Blog #34] - What Is HappenIng To BitCoin & The AltCoins Today
Don't panic sell is rule number one.
Never make brash trading decisions otherwise you will regret it.
Like any storm you have to sit it out and wait.
Learn to use it to your advantage.
Sure some people sell and buy back in on a low and improve their position however this takes experience, some luck and a keen eye for data.
Timing is everything.
Today we saw a massive pull back on the market for numerous major alt-coins whilst ETH and Bitcoin surged forward with BTC up over $2600US and it is still climbing on its way to $4000US.
I can feel a correction coming soon or at least a plateau and we will see the money come back into the Alt-Coins with vengeance.
When will this happen?
Maybe as soon as the weekend or in the next 10 days or so.
That is just how it works.
Everything is on a cycle and there are always ups and downs.
I bought in on the low today and if it keeps dropping I will buy more of my favourite coins until the market swings back to the positive.
Stack and hold is the best policy and never give away your token position which is easy to do if you allow emotions to dictate decisions.
Be patient.
Success is built on this stuff.
Follow Sebastian - @sebastianjago
Have a great day!
~Sebastian
TIP OF THE DAY: Realise some profits at some point and buy some gold, silver and anything real. This includes seeds and water filtration systems.
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Price correction of the market. I like this 'Learn to use it to your advantage'. It is always good to have some spare money somewhere. When such things happen, you;ll quickly use it to your advantage. Usually, I don't panick except when the coin losses say more than 30%, Thanks for sharing.
Correct. It was inevitable. We have had two majors one in the last few weeks. Next major rise is coming soon which should be exciting for everyone involved. :) Fingers crossed.
Just 16 hours ago I wrote this post https://steemit.com/coinmarket/@maryfavour/coinmarket-capitalization-breaks-new-record-valued-at-over-usd90-billion-update . A few hours later we started seeing a downtrend. We only have to keep our fingers crossed. Upvoted and resteemed.
Will check it out for sure. Thanks for the link.
You have an interesting blog, i follow you @sebastianjago!
You talk about what I'm just beginning to understand!
This is useful information, more like that!
Thank you @sebastianjago!
Thank you. Glad you find it useful. :)
Thank you for share useful info!
Great analysis. It is already turning back. I bought my favorites today at bargain prices.
Yes. We must have faith and stand by the decisions we make. So far so good. Glad you improved your position. Feels good when you do. :)
Thank you very much. I do hope you did so too!
Sitting it out and waiting myself...blood red night tonight. Thanks for the update - went ahead and gave you a follow! Looking forward to your posts!
Thank you. I appreciate that. I will do my best to deliver content that people relate to.
Very Well Said. A wise set of observation that comes with time. The adage "walk before run Daniel-San" applies here.
Thank you. My failings only make me stronger and wiser. :)