Last Chance To Take Profit? - Chart Shows Correction Is Imminent / Trutheum: Awesome! / ETH Ice Age

in crypto-news •  last year

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Hey look, it's the future of Antshares! giggle

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This post received a 2.0% upvote from @randowhale thanks to @blueorgy! For more information, click here!

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Is....is your name blue orgy or am i reading that wrong?

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Nope you've got it right. It's blue orgy but do keep it together. ;) blueorgy.

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sounds like you need to win an award for best name on Steemit then

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ohh its been discussed haha

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something something waffles something something

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something something also something

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No its just Blue Org Y as in Blue.org Y

Makes me whis id sold half my stack when it went over the 400. would have cleaned up.

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Hey, it's Antshares! ummm, err, I mean NEOcoin, the coin that can't be... spooned. Cause, there is no spoon. It's been uh. Rebranded?

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thirds rule strategy

Buy in 1/3rds
Sell in 1/3rds

Rinse and Repeat

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Very good approach to take. Just need to keep those emotions and FOMO under control. I think discipline (trading discipline) is key to trading everything from stocks/shares to FIAT or crypto currencies/tokens.

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I probably would have sold mine, but I barely had under 2 ETH and preferred to hold. Now, if I had 100 ETH... Would have been a different story, I guess. :)

Hi Omar, totally agree that BTC is now super undervalue as compared to ETH. I rewind the video a few times to make sure i hear it correctly from your mouth. LOL. I never thought u would say that because u r such an ethereum lover. but its the truth and cant agreed more. I sold 90% of my eth before the big fall a few days ago and convert more to fiat and BTC. I know you are not a fiat currency lover but I intend to redeem my car loan with some of the profits and buy myself a big present with it. Thanks for all the videos and I will continue to be your loyal supporter. Thumbs up!!

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Charts are cool if nothing substantial happens... I hope for you guys who dump everything now in order to buy back for less money, that nothing serious happens to the financial system... in this case you can double or triple by dumping now... if something happens you can be out of the game... it is a bit of a gamble...

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I highly doubt anything that substantial is going to happen to the global financial market in the next few years... Nothing as substantial as will make it a bad idea or impossible to buy back into cryto later, anyway.

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You might be right.... but debts and derivative levels are at all-time-highs at the moment... A family of four in the US has 1 million USD in debt from their government.... But sure... if no one cares a family of four could owe 5 or 10 million as well... I have been wondering for a long time how worse these figures go before it crashes....

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At this point the fiat markets are still much more stable than the cryptocurrency markets... I don't think it's fair to say there's a huge risk by cashing out into fiat in most countries.

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LOL- it felt strange to say so, but a reality check is a reality check :)
Thank you so much for the support, lawrence ho- I always appreciate anything you share my way!

Have a wonderful week, brother! Thumbs up back at you

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The Flippening was cancelled

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Not cancelled....just...delayed for a few weeks, it'll happen. you can bet your sandwich face that its going to happen

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Lol...

(he called him sandwich face)

:0

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XD Now that looks like a face I can get down with.

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ya see what i mean right? might go so far as to call him lettuce lips...but i feel like thats totally out of line

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😂😂😂😂

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Btc is the best thing that has happened to since the existence of mankind. Unstoppable!

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One thing that annoys me about BTC is that transfers can be quite slow. I can't imagine myself paying anything in a hurry with BTC. Different story with LTC or ETH, though.

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ETH has some scalability issues to contend with, just as BTC did/does. We saw that with the slow down last week during an ICO.

I'm not saying they won't be resolved as I'm sure some clever folk are working on them as I type, but I don't think with should be writing off BTC just yet...

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After corrections, the coins will level up

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Hey Omar, I think theres a 3rd view that often gets ignored when it comes to the ether price too long to explain in a comment so had a to write an article on it...

https://steemit.com/ethereum/@wealthyme/ethereum-crazy-price-movements-a-3rd-view

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dude i am proud of u from starting ut humbly here and BOOM ow ur a steemit whale!
Flippening WIll happen, Ethereum will become the worldwide supercompuer it deservs to be, especialy with RFID dust and nnotech machines , imagine tiny rasbery pies as small as dust!
SMARt dust!

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Haha, a good strategy indeed. Better take some profit , diversify and then use the remaining to buy yourself something and having rest of mind even if you lose some money later. Good point indeed

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I don't know it's totally true. I'm ok with all the facts about BTC that have been stated (first entrant, number of users etc.). But, don't you think that Ethereum has broader use cases than simply being à cryptocurrency with smart contracts and DAAP? Don't you think that Ethereum prices could be pulled up by the democratization of the smart contracts in the sector of insurance which is one of the most important sector?

Thanks for your videos !

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I think eth will go up again.Good time to buy more

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I think Eth will go up again for sure, but not before dropping to somewhere in the $100-150 range again first. Market is over-hyped at the moment and Eth needs upgrades to be able to scale properly to take on more load. Until large-scale DAAPs are reliable and possible even under adverse market conditions, Eth won't be able to go much higher than it's been, IMO.

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Have a wonderful week !

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awww, thanks you too!

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There's no reason not to take profits and get back into fiat. We are all in this for the LONGGGGG HAUL.

HODL fiat, HODL ETH, HODL BTC, HODL Steem, HODL everything!

I'm pretty sure you'll do just fine.

With all the speculation of what crypto currency will do well to one side ...one thing I REALLY love about crypto? It's the excitement of not knowing where we're going with this but somehow knowing that we're witnessing a revolution which will change the course of human history.

Quite a rush.

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yes what I ride

Let us see what tomorrow comes

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Can i get a ride on that ?

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BUY BUY BUY!!!! ....if not now....then when !?

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DONE DONE DONE!

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Bought half an ETH at Coinbase today just on principle. Going to YODL it. :) Ha! See what I did there?

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Good idea, it will be back to 400 by July.

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It may go back up to $350-400 at beginning of July, but if it does, I think it will then definitely decline down to $150-100 slowly before going back up again, higher than it has been before.

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Its about to re-crack 300 again right now

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Meh. Got to $285. Like I said, may go back up to 300 or 400 but not for long I think.

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True, I'm just always overly optimistic!

Lets hope for a week of crypto recovery . This monday was nuts.

I am not worried at all, trust in my holdings

Thanks for another great post @crypt0!!

Interesting stuff, like the news you bring to the crypto space. I sold some of ETH a week ago, It def taking a dip, but I plan buying some back soon! Digging the Trollbox is life shirt, RIP trollbox.

Absolutely love your videos. Thanks for the hard work pulling all the sources together. Bought STEEM on the dip today! Keep doing what you do...

Hey Crypt0. I’ve been a supporter of your YouTube news channel for quite a while now. Just wanted to say thanks for all your hard reporting on the crypto-sphere - it’s great to see someone who is unbiased and positive in the cryptocurrency world. I especially liked your recent video ‘Bitcoin looking hot right now’ which prompted me to research and rebalance my portfolio. It was excellent advice and I thought your predictions were genuinely forward thinking and logical.

Thanks again and long may your work continue!

Matt

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Thanks a ton for the appreciation, Matt- it really means a lot :)
I'm just trying to keep myself, and whomever listens to my stuff, somewhat grounded in a positive realist kinda way.

You're most welcome, and I hope to hear from you again sometime- wish you the best of fortunes!

Definately Ledger is the best

Nice post man! Wish you a great day ahead!

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Just checked out a bunch of your blog content, following you now, good stuff.

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Thank you so much man, nice to meet you! I am Following you too.

Please take a look at Lbry, Amp, Sc, Burst 😁

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Im looking at everything! hahah

While everyone is CRYING I'm BUYING lol, so many options right now to grab. the more i in the crypto game, the more I like more coins!

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yes, you are addicted already man

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You have been on STEEMIT as long as me and I post ALOT and you have more posts than me, looks like you are right there with me buddy haha

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haha, let's make a competition lol

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Im down bro! What you wanna do? Race to 2500? haha

Thanks for always doing a great job Omar!

The corrections have already started two weeks ago!

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The bubble has popped !

Watching your video now and enjoying what I'm watching now... eagerly looking forward to your opinion :) Cute dog too ;)

Thanks again Omar, you're awesome

hodl

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who the heck is this hodl everyone keeps talking about !?

I'm pretty sure this whole fiasco is designed so big money can buy the dip. If you can't beat em', join em' ;)

I'm not worried, I feel it's just balancing out all the trades all over the world. It should start gaining soon, we were all just given more opportunities to purchase more! Dips everywhere man, everywhere. Cheers!

#follow4follow

Finally a little dose of reality, Omar. I think is good you share this here cause you reach a lot more people than most crypto related channels. We def are on that bubble stage. I've been sharing those charts on steemit, showing the same patterns from 2013 repeating now, but I have no followers so not many ppl saw it, and the few who did did not believe it. I started selling all my alts for btc 12 days ago and finished selling the last of them 3 days ago. 2 days ago I sold 50% of my btc & now waiting for that last pump to sell the rest of my btc. I expect to buy bitcoin at $1200 - $1500 in a few months. Great video!

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Absolutely man- this is important stuff that needs to be shared, whether or not it's taking away the punch bowl from the party. Party seems a bit dead anyway, and though it'll kill some moods, it's important to unfog the lenses now and then.

I'm glad to hear I'm not the only crazy person who's noticed the pattern in the charts...let's see how it plays out from here.

Take care, dobe4ever, I appreciate the thoughtful response :)

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Hey no worries, thanks for taking the time to answer :)
Check this out if you have time:
2013 blue
2017 purple.
I can't believe how similar the patterns are...

Even the one day and one week candles for the BTC/USD from this bubble are really similar with the ones from the 2013 bubble. I've been making charts of it HERE

With all and all, I'd like to add that the 2013 bubble formed & burst in just one month and it grew by 5 times since it started the parabolic movement. This one only grew by 3 times and it took 3 months to form and burst instead of one (Bitcoin price, I mean). Of course I could be wrong but in my opinion this crash won't be as violent as the last one, I think we will have more days to monitor the price movement to decide when to sell in the last pump. Also, after the crash, the recovery this time might come earlier. It took forever to recover from the last crash, that was like the great depression of the cryptos, it's not common to have great depressions that often. I don't think is likely to happen again. Things can't go up forever but neither go down forever.

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Interesting analysis @dobe4ever thanks for posting

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Hi thanks :) I appreciate it

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This is interesting.

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Thank you :)

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Good comparison. Just one thing to add: in 2013 there was the MtGox debacle, which, by it's size (at the time) caused a major drop in crypto confidence. This time, at a first glance and since there are a lot of big exchanges, even if a debacle occurs, won't have the same effect as MtGox did. And last time there were few cryptos to "escape" to, so, fiat won. Now, your portfolio has a lot of "escape routes" and fiat currency isn't going to last much longer...

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Hi thanks for the comment :) yeah everyone says the same about the mtgox, I think the mtgox in 2013 will be the bitcoin fork for 2017... When the technical analysis says something, even if the fundamentals say the opposite, usually there will be events that will cause the fundamentals to go in the direction the technical says... My humble opinion :P

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I don't think it will drop that low.

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No one knows... but if history continues repeating itself thats the estimate price. Not that I want to, but the charts speak so loud...

@crypt0 please I have a problem.
Please read my problem.
Poloniex just reduced my funds.
https://steemit.com/cryptocurrency/@globearn/please-help-poloniex-has-killed-my-spirit

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I'm so sorry to hear that man...it does look like someone got unauthorized access to your account. It doesn't look like all hope is lost, since Poloniex seems like they're taking steps to figure out the issue. Patience and being detailed with them may help, globearn. I hope you resolve this.

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Thanks Sir. Almost all my trades is about what you talk about. I subscribed on your youtube channel and also follow you here.
I am so happy U replied.
Thanks for your warm words and kind gestures. Its a big relief to me.
I appreciate.

Thanks for sharing )

I don't want it to go down.

I have lost all my coin during the big drop of ETH....

last time eth dropped from 200 to 100 we all know what happened next

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Celebration?

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It went to 400..

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Banner
@bhightech got you a 1.91% @minnowbooster upvote, nice!


Want a boost? Click here to read more!

I tried upvoting you but the post was in its last 12 hours, please check beforehand next time...

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i didnt recieve the upvote @minnowbooster

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I tried upvoting you but the post was in its last 12 hours, please check beforehand next time...

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Sorry i didnt seee it earlier..Is there a chance of gettingmysbd back

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sorry, currently not :/ I can sponsor you a new vote if you have a different post

This wasn't the kind of flippening I was expecting XD

HODL my Dick! - Imgur.jpg

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oh my god YES!!!

Great video about this craziness that's going on, valuable insights as ever!
Bitcoin definately better choice and still undervalued. A drop seems imminent but after the soft fork, trust can return and road ahead (and up) is free!
Keep the faith high, reality check necessary though..

Very nice video @crypt0. I think this minor pull back is a buying opportunity for cryptos... ^^^NEW FOLLOWER MATE^^^

What do you think about the new Ledger Blue? I saw your link regarding the Nano, but I wanted to get your opinion regarding the Ledger Blue?

Great video as always.

Great video as always man. I to have been thinking that we're over due a correction of sorts. I've been thinking about moving small chunks of my crypto into gold over time just to hedge against a huge correction. I know you said that gold isn't as liquid as crypto, but I'm gonna try using Vualtoro, which let's you trade between gold and bitcoin. you can check it out here :)

And I also agree that Steemit provides great value to the cryptospace and is incredibly undervalued compared to some of the other coins that have been shooting up in value as of late.

a lot of people get into this game without any inking of a profit/loss strategy.

Hi all, I dont agree entirely. I dont think Bitcoin will fall too much. It is been used way more times than last year. For example you can buy games at steam, or you can add balance to your microsoft account. I recently sent a payment for a developer in russia using bitcoins. Using bank transfer would have cost me only 400 USD to make the transfer.
However I do agree ETH it is very over rated, mainly because there is a lot of ICO money right now.
Sorry if I offend anyone of you, its just my opinion.

Everyone and their mother should have seen this correction coming, it was literally written in the stars for weeks now.

I dont think Bitcoin has much longer at the top of the charts to be honest, especially with the potential fork happening on august 1st

unless they figure out some way to get things under control, its going to be an absolute bloodbath in a few weeks when people realize that there are two bitcoin blockchains

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I doubt it forks. I think segwit gets implemented and that's it.

Hii @crypt0 i saw you post and i enjoyed reading it, could you please have a look on my daily analysis for Bitcoin and give me your opinion. https://steemit.com/bitcoin/@ohamdache/midday-update-of-the-bitcoin-price-29-06-2017

Thanks for your effort!
Markets will soon rebalance themselves!

Thanks for your thoughts. I'm not selling a thing, just adding. Let's check back in 1 year :)

Wow, last time I bought BTC was $2650 and ETH was $350
I knew ETH was overpriced when it was 1/7 price of BTC

Now BTC is below $2450 and ETH is below 260

I feel like June did not happened and prices are back to May 2017
and I'm holding coins that are overpriced

I'm holding Dogecoin. If price does increase, I'll sell

Hopefully July will be less exciting

So in the meanwhile

Great Video Crypto.

I like your point of view, cant say i completely agree not do i disagree, since i am ethereum-neutral and kind of newbie. I agree that in the near future its going to be interesting how many people will 'stick' with ETH when its not really 'minable'. However, i am not sure whether BTC is still undervalued, i will wait to see if other coins will use it as a platform to extend their functionalities, like they do with ETH.

Still, i will keep an eye out for your posts and videos on your channel :)

At this point it's pretty uncertain what will happen in the upcoming weeks, but what is certain is that tis uncertainty creates nice buy opportunities for those who know where to look, as many people will be selling in fear of what will happen with BTC on August 1st...

get ready for the long winter

ETH will surpass BTC marketcap soon :)

I like your videos; Very informative, thanks a lot.

I would probably take profits if I had, I don't know, 30 ETH. But right now I have a tiny little bit under 2 ETH, so I prefer to take some risk and hold.

Hi Omar,
i have been a fan of you for a long time! I watched your videos from day one and i always really enjoyed it. I found them very helpfull and complementary to make informed desicions with my crypto investments. I think you are a cool guy with a great energy. So this is my way of giving back to you my friend...enjoy and best of luck

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Your comment shows what Steemit is all about. Its nice to see that if people put in the time and effort and produce amazing content, they will end up rewarded!

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@crypt0 is the best. He inspired me to take a leap and start a news channel as well. That decision literally changed my life. Not only have I found success with my news channel. I have been presented with countless opportunities in blockchain and cryptocurrency space. I owe him so much and he likely has no idea, but I'm sure I hope I will get to thank him in person soon. I'm eying a few industry events to attend in the next year, and hopefully I meet him!

Thanks for the info

Damn, Ether?

And this might be why you're the second google result for trutheum

You probably heard me say this before @crypto

Buy in 1/3rds

Sell in 1/3rds

Thank me later...

Awesome t-shirt :)
It takes a lot of confidence in cryptocurrencies to keep calm during such turmoil when you invest a lot of money. If you're able to look at the big picture you know this is a revolution in tech. It will only grow long term.

Hi Omar
congratulations for the 3000 subscriber!!
u deserve it!
great job keep on going!
greetings from Berlin

I have such a crush on crypt0. I'm distracted by how handsome he is... He should really try covering himself if he wants to get taken seriously.

So exciting. Following.

Hey crypt0, you got a great setup, sounding and looking good with great info.Peace to you and all the best.

👏🏼👏🏼👏🏼👏🏼👏🏼brawo )))

That is, we urgently need to translate the etherium into bitcoin?

It went up so quickly that a correction like this was inevitable. I did not panic,
I am a long term holder and believe that Eth will bounce back and end up much higher that the recent peak someday.

Hi Omar,
I think that if you are buying a bit over the next days you will still make profit over the long term because cryptocurrencies are still a growing market.

I agree bud, the correction was imminent. Historically, '87, dotcom, and '08 have shown such growth and decline. We, as investors and early adopters, have the responsibility to pass knowledge that we have gained being a part of such revolutionary times.

Thank you for the good information, I always start the morning with one of your videos during my breakfast.

Hi Omar, nice to find u on steemit. Thanks for sharing, followed n upvoted.

Nice vid man. Funny this corrections. The actual value in my opinion is far more than the speculative value. Grtz.. The crypto Prophet

I personally feel this is the best time to buy as many as Ethereums possible. Its gonna up very soon , apparently its gearing up for the big jump. All the best guys.

With the right type of preparation, dips can be fun too!

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hey how to add these gipys ?

Hang on everybody. This could be a bumpy ride, but we'll get there eventually...

Hi @crypt0 and everyone, I just want to have your attention for a petition about the acceptance of Bitcoin and Litecoin at Amazon, as can be seen in the link below. If we can take care of this, the crypto market will become much bigger and will be taken serious. Please take a look and share it to make this big. I know Amazon is one of the biggest companies out there but if we can collect thousands of signatures we will give a serious sign for acceptance. I if you don’t like the promotion of this petition please give me a call and I will remove it. I just want to make this big. Thanks in advance.
https://steemit.com/crypto-news/@unknowncrypto/amazon-a-big-step-for-crypto-acceptance

Hello everyone!, i am new to steem but i am using lots of exchanges. Where do you advise to buy steem? Is it the right time to buy it? Thanks for helping

After 2 months of trying to get verified and funded with my trading platform kraken, now everyone seems to be saying to stay away from ethereum. I was about to throw my entire portfolio into ether- $21,000 but now I don't know where to go. With all this uncertainty it seems that I should just be throwing it in gold or some other precious metal. It just sucks because when I started this process ether was $100, it's taken me this long to get my account verified and my money wired into my account.There has to be some quicker way to deal with the exchanges in higher volumes. The limits of $250 a week on coinbase is just stupid. I spend more than $250 in gas in a week.

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If you have the money parked in a centralized exchange I would be worried about the exchange shutting down in a bankruptcy... I would not trust any exchange money for more than a day or two...

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so pretty much fund then buy something as quickly as you can.

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Just my luck that Kraken goes bankrupt after all these years. The only reason why I used them is because they have been sending me emails for 3 years. Stupid sub conscious.

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I would wait til you see the bottom of eth and then buy. The people who bought into the stockmarket in 2008 are incredibly wealthy now. This is the same thing. Crypto is not going anywhere because it has actual product attached to it. When people go in on the ground floor, it never looks like a "sure thing" . The Amazon guy was packing thousands of old books into his garage in the beginning. It's easy to look back and say "oh I wish I had known about that--I would've invested", but would you? He really just looked like a person with a hoarding problem. That said--do research on the coins you invest in. Read read read, don't just take advice from a video. And I don't know why you had such issues with kracken. Spread out money to different exchanges and wallets so it's not all in one place anyways. Hope this helps.

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Ya I really didn't know that spreading my portfolio over different exchanges was something that may have helped to expedite the process of getting my money in my account. Sadly I still waiting even though have admitted to having my wire. I am still waiting for so-called bottom of ethereum. Everyday it seems to go a little lower. Do you think its bottom will be sub $100? Thank you for all this great advice. In these uncertain times, I am even more confused than ever.

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You should spread it across exchanges and wallets so everything isn't in one place in case of hacking. Who knows where it'll go--it just popped back up an hour ago. If everything just went up, this wouldn't be a real economy. There is always ebb and flow in any real investment. I'm surprised how many people are crying about the "money machine" being broken. You buy in when things are low, because you've educated yourself, and you know it' a good buy. Crypto is very volatile because it's young. There are no sure things in investing--your best bet is to educate yourself as much as possible-then you can make your own conclusions on what to invest in. There are lots of articles here on steemit, and the old standard google. Good luck!

Did you sell off some cryptocurrencies lately Omar? I think I remember you saying once that you did not trade cryptos but was a long term investor. But did you sell some this time around because of the reality check you mentioned?
Thanks
ronni

Your videos are really awesome..yes crypto are under correction. I am glad that i sold ETH when it was around $330 but stuck in DGB..just hoping to see some bullish trend in DGB...

Great insight! If your theory on another exponential peak is true, people in for the long haul stand to make a huge profit. Looking forward to the years to come in crypto.

Thanks Omar! How do you make so much money from these Steemit posts though! :o

Geat post. Followed and upvoted.

@crypt0 Bookmarked the page. Will watch it at night. Anyways I regularly check your videos on youtube and also a subscriber. Great Channel.

It's not just about correction. It's more about trust.

Wow man! Thank you so much for your upvotes! It is huge for me <3 I am following you now!

Tooks some profits before the big drop, now slowly accumulating on the cheap :D gonna take it slow while we figure out where the price will go

I'm a new member of steemit . Please follow me
and give vote . I also give you my best friend
Ok??😘😘

Thank you for your truthful and very modest way of just being you in bringing people like me into and understanding of what is going on in the crypto world. I appreciate you very much and I have to say that I am new to steemit here but first saw and was a sub to you on you tube. But, i like this format much better. One reason is that I have no camera or mic to make vids. But. love to type and have meaningful conversations with potential friends. Like you...
Thank you and I know all will get better on the markets... you bring such clarity, but I know and I wish others did, that you are only human and cannot predict every downturn or upturn.

Hmmm.. Interesting.
Again, thanks for all the valuable info.
Cheers!

Nice Cute Crypto Doggy in the back :)

aaaw, the dogo :D such a cutie!
and the crypto news are also very interesting! ;)

All the chicken littles need to relax. Cryptos are not going anywhere. This is not an investment get rich scheme is a liberty revolution. I will keep on buying until my bones get dry.

Now coins prices are going down but in as much as i would like to buy low coins i wasnt able to do so because i wasnt able to get profit in etherium for 3 weeks now, its sad.

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just remember...
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until then, remain calm :)

Isn't all of this a self-fulfilling prophecy? I feel like everyones saying "My imaginary friend is punching me in the face". Sure some coin is over-valued, but this massive jumping ship is just people creating our reality. If everyone held, this wouldn't happen. Shouldn't the community as a whole be encouraging the newbs to hold, and explaining why? Money is just an agreement on what has worth. So we are actually in charge of what's happening.

The popularity and rising market capitalization of Ether brings it in competition with all cryptocurrencies, especially from the trading perspective.

after reading some of the comments here i am a little confused, so if you could redeem ether for 400 a coin and then it falls to 150. and you buy it back and wait for the rise you have both raised income and supported the currency at the same time, buying and holding forever ? what is the point in that! selling off for profit but still trading in crypto just seems to make good sense to me.

Can you please stop promoting scam coins, and shitcoins? Your ruining your credibility!

Thanks for the post its really usefull

This is from Clif High's June 2017 report that makes me confident that the down trend will be short lived.


"The shorter term sets have Bitcoin, already established by the end of June, as the 'leading edge of
hyperinflation'. This status is indicated to continue at least into June of 2018, if not beyond. Yes, there will be other cryptospace offerings, both coins and tokens, that will surpass Bitcoin occasionally, but in general, the long term growth patterns will remain with Bitcoin. In those longer terms, the 'hyperbolic de