My Crypto Trading Strategy!
I'm holding mostly cash right now. I am still expecting Bitcoin to drop lower at some point which will probably allow me to buy other coins cheap as well.
This is an older chart by @AIM_Buster on Twitter. The time frame may not be accurate, but he has been right on with Bitcoin so far. He correctly predicted a drop to the $3000 level and now he is expecting a drop to around the $2000-$2500 level. He could be wrong of course, so that's the risk I would take on waiting for a huge dip like that. I think I will start buying on anything below $4000. My target still remains $10,000-$20,000 Bitcoin in 2018 at some point so buying and holding from our current level is not a bad idea either.
I also plan on buying more Ethereum on any dips. My target is $1800 Ethereum in the near future.
And last but not least, I am accumulating Steem through posts, comments, and upvotes. I am also thinking of buying some Steem as well.
In my opinion, Steemit is the best kept secret of social media. Why more people are not on here blows my mind?
I am interested in hearing other strategies you all have. Steem on!
@drewley I definitely agree with you that their will be another dip. This has happened in the history of bitcoin and cryptos several times. When that happens itvis the best opportunity to buy cheap. I also believe STEEMIT is very undervalued. It will explode sooner or later with all the developments in process. Its a great time to buy steem. Thanks for sharing your strategy and insights. Just upvoted. @gold84
Yea it would be a great buying opportunity!
@drewley agreed! I actually checked more of your posts and like what you are writing. I am following you now. @gold84
Cool, followed you back
@drewley thanks for your support! @gold84
Interesting strategy. Damn would it be scary if bitcoin were to actually drop to between 2000$ and 2500$, as it would affect the whole market. I hope that guy is wrong this time :). Great post btw!
@lillieskold
Thanks, yea I kind of hope he is wrong as well, but he's been right so far. He trades only by charts
Yup and that's the scary part, "he's been right so far" hah. Well, only future will tell what will happen.
Agreed esp on Steemit. Cryptos with the social media aspect is really cool.
Excellent post, very well articulated. thank you so much.