You are viewing a single comment's thread from:
RE: Bitcoin (BTC) Evening Update: Bull Flag Fractals Everywhere!!
wonder how the alt would react during this correction. Usually when Bitcoin goes down, it takes down alts with it. So it might end up being a blood bath. :(
I think the above is unlikely, but it becomes much more likely if the smaller H&S @haejin outlined is realised. (This would be a H&S fractal!)
If (and only only if) the above happens, for me, I'd be moving 80-90% to fiat. I think most alts, with a few exceptions would be smashed.
Haejin will warn of this scenario if it becomes probable.
Yes he would. As I said, the smaller H&S he outlined would have to happen first. Then this becomes more likely.
Even if it won´t happen on a regular basis, if he warns it will crash, as there are sooo many followers with a budget. Anyway, I hope he wont announce any bad news and keeps up those heaters! Love this guy <3 Haters gonna hate..
Little bit ironic, lets stay positiv!
What about moving to BitUSD instead of Fiat?
Good idea? I still haven't talked to my accountant yet.
Sorry, by fiat I mean "just not in btc/alts". Bringing it out into actual fiat would trigger taxation events that I'm not ready to deal with.
Most of my stack is over on the bitshares dex, so I would pull it into BitUSD.
I wouldn't put it into USDT either... the chance of that going to $0 is not 0 at this stage.
BitUSD is solid.