RE: Looming Crypto 'Civil War' Sends Virtual Currencies Crashing, Ethereum Below $200
Dude awesome analysis.
I have 2 layman analysis pointers.
The rate of fall is not equal to the rate of rise. BTC is in a secondary bear trend, but if it was REALLY OVERPRICED, it would have freefalled. So many people with a panic/selling mentality and they can barely get the price down by 200$.
The analysis is happening with the present scenario in mind, that the market is down. But then, we are forgetting the reason why BTC rose meteorically. And that reason is still there, a trustless asset of value that embraces encrypted digitised storage and transfer. There is a reduction/removal of many footprints, while still enabling exchange of value!
People who panic and sell will regret.
But people who sit and do nothing will also regret.
I will agree to liquidating<40-30% of both BTC and ETH to USDT, in a maximum of 3 increments(you'll have to pay more brokerage, at the advantage of being sure!, and I would gladly pay the extra brokerage as a confirmation fee) The incremental sell offs from BTC/ETH to USDT stops whenever the upsurge resumes. The idea is SELL HIGHER/BUY LOWER.
Consistent action in this manner will leave you with more BTC/ETH than you originally had!!
Great post!