It's time to get ready for the next BTC run..
Of course I do not know it for sure, but I think BTC is going up directly after christmas in the holidays.
So it's time to come back to the father of all cryptos because if it starts riding/rising again. If you are holding BCH, maybe waiting a little is still ok.
I am on the way back to BTC as this GDAX picture should show:
So stay out of Bitconnect because of the problem described here!
But when the rise is over at 19 890 or 22 340 Bitconnect is a great alternative again because much money can be earned there by lending money. This system is known as P2P credits and can be perfectly done with cryptos.
As long as the term "hard fork" is not whispered around BTC will not rise madly but also this time will come again!
Please upvote when you think the same, reply when you have a different opinion, but anyway resteem it to get a more interesting discussion and a more acurate anylysis of the situation!
No body believed a drop like this. What is the reason for this?
To be honest I also didn't believe it.
To my mind there are a few reasons though:
The price is just as high as 3 months ago and there was a crazy and inproportional run. This run was boosted by many people who didn't/do not believe in the technology or understand it but wanted to make fast money.
Of course they left again (with losses)!
Euphoria and collective/group thinking is just a problem we also can get infected with.
At least this articles remain true:
https://steemit.com/trading/@mathsinnature/recipe-for-trading-success-2
https://steemit.com/trading/@mathsinnature/recipe-for-trading-success-3
As I wrote here: there will always be second chance! But I was surprised though that it is possible to buy in BTC cheaply again (below 9 000)...
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I normally do not resteem such texts but this time it is just too adequate!!
This post was resteemed by @steemvote and received a 34.36% Upvote
what do you think about bitcoin prices in 2018?
I think the most important uptrend has to be in 2017 still...cryptos are changing so fast...i think BTC will rise to 25 000 till March...this falling now destroys a lot of democracy in BTC (caused by many different people in there) and the newcomers' trust, but at the end of the year the BTC could also be very high through hard forks or it can loose its fight against BCH and Dash...
I Think i Love the "stay out of bitconnect advice"
Eventhough it saved me a lot of dollars because the amount is could be kept in dollars there and BTC is falling;
But now of course BTC should not be wasted there because it is a lot lower no and will be rising a lot faster soon...
ALryt
ALryt ??
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You might also like this article:
https://steemit.com/money/@mathsinnature/bitconnect-and-steem-are-heaving-the-same-trouble
So this stay out advice depends on the moment.
https://steemit.com/funny/@newsandfacts/christmas-discount-today
The bull run might not be over yet. This just might be a pull-back before the next "step" up. Most of the other spikes have some pull-backs along the ride to the top. No one knows where the top is.
Resteemed your article. This article was resteemed because you are part of the New Steemians project. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch
Nice post
Isn't Bitconnect a kind of Ponzi scheme though? I'm a bit suspicious about that, heard a lot from people who are not satisfied with it and lost money without reason.
I have also heard that. I just do not know. I think they are using their currency somehow fraudulent to make some gains but it could also be a ponzi scheme...
But you can try such things with 0.05 BTC after a big rise bevor BTC falls anyway again like now...