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RE: 1/22/2017 The Market View and Trading Outlook
I'm very much in the 'wait it out' camp... we don't have any spare cash anyway with this Grand Canyon trip coming up; hiking boots and cameras have replaced Bitcoin and Alts in the budget.
What does this all mean for you though? If the crypto market cap has fallen in the last few days, where has that money gone... and whereever it has gone can you play with it there? Or do you take a break for a few days and come back to it?
For me? I sit in cash or I have a couple Alts that are artificially inflated I hide in.. NBT for example seems to be held at a dollar no matter what and is a good place to take shelter so far.. That may change but that is what stops are for.. Money has gone to FIAT of the smart traders and on the sidelines in many instances to wait it out.. For me.. when things are like this.. I hang out with my daughter, chill with the family.. de stress and catch up on the family stuff I neglect when I'm deep into a bull market... I'm obsessive when times are good and put off a lot of things that I should not.. As an aside you still did good on your ETH so that should of bought a new camera and the LTC on the 60 bump a couple weeks ago I hope.. :)
Ah nice. I wasn't sure if you still played the market and rode the short positive price actions or moved all your cash over to Forex or something or, like I was hoping, you took some days off and enjoyed family life... especially given some of those bull nights you probably didn't get a lot of sleep.
Unfortunately I wasn't quick enough on the LTC and it went back to the price I bought within a day or two... so I've chucked it in a hardware wallet with my alts and forgotten about it. I did cash out half the ETH I had when it went crazy, so that actually paid for a really nice lens that I should receive this week. Super excited about that.
I really am glad you get a bit of a break, and I'm also glad the market is a bit more normal now... all that crazy double digit rise of everything was making me nervous.