@wstanley226, more to the point, is anyone selling crypto? Right now I'm sitting on the sidelines. The roller coaster ride is to severe for me. Even steem, which a few months ago was above $8.00, is now hovering around $2. So why stick with a currency which has lost 75% of its value?
Even day traders who are convinced that crypto is on an uptrend, sell some every so often. So where's the bottom, so I know when to come back in?
The ultimate question is always "where's the bottom?". I'm willing to re-enter as a crypto investor. Fortunately, my first attempt was to invest a small amount, do small trades, until I got to understand the process better. Once I felt comfortable with that, I withdrew my funds into cash and I now wait. I think Steem is a good investment and am using that as an entry coin, my first altcoin, so to speak. I'll see how far my $50 will get me.
STEEM and BTC.
@wstanley226, more to the point, is anyone selling crypto? Right now I'm sitting on the sidelines. The roller coaster ride is to severe for me. Even steem, which a few months ago was above $8.00, is now hovering around $2. So why stick with a currency which has lost 75% of its value?
Even day traders who are convinced that crypto is on an uptrend, sell some every so often. So where's the bottom, so I know when to come back in?
Thats a good point. Right now some traders may be facing sustained losses. I cannot call a bottom at all due to the runups and extreme volatility.
I day trade stocks and win alot but see some stocks that linger low and go lower. Reminds me of altcoins with no real use case.
The ultimate question is always "where's the bottom?". I'm willing to re-enter as a crypto investor. Fortunately, my first attempt was to invest a small amount, do small trades, until I got to understand the process better. Once I felt comfortable with that, I withdrew my funds into cash and I now wait. I think Steem is a good investment and am using that as an entry coin, my first altcoin, so to speak. I'll see how far my $50 will get me.
Crypterium