Small traders: Prudence in a bull frenzy (No FUD please)
The facts:
There is little cash flow in, even if the price keeps raising, there is little to no new money coming in the market.
How this can happen ?
- Let's oversimplify, Bitcoin worked as a USD aspirator until the bag got full...
- Then speculators do a mini dump to a nearby trust floor level
- They buy back cheaper and increase the volume just by circulating capital.
- With the earnings, they pump the price of a small coin
- People who bought BTC at a high price follows to try and profit from this pump
- The speculator / manipulators then dump and small investors get trapped in the small coin
- With the proceedings they go back to BTC/USD market and reinforce the wall.
Remember:
- Smaller coins have smaller market caps and are easier to manipulate.
- There are coins where the issuers and the people buying actually believe in the asset. (Value seeking investors)
- On the opposite side manipulators wont care and will pump or dump whichever asset they fanzy because they need to make room to continue the BTC bull
Advice:
- Understand what the vocation of the coin you are investing in is.
- If a coin does not back a tangible project then it is just a manipulation asset avoid it.
- Believe in the future of the coin you are putting your dollars in.
- Avoid Coins that show a 1 to 1 Pump/ Dump relation.
- Keep coins that show more pumps than dumps.
Don't take my advice
I moved out of bitcoin when the price hit 11800, I put half in USD and tried to profit from what looked like a building pump in steem, which is the asset that is useful to me.
I fell victim of a dump, but i trust my fellow steemians and even if i bought steem overpriced i still want to beleive in the future of the platform and have trust that the stake-holders will bring their stake back and drive the price high once again at the first sign of BTC crash.
If this happens we can feel safe and trust that the capital in STEEM is in the right hands.
In any case if you are a small author, earning sbd at this moment, exchange them into steem, power up and increase your stake and support the direction of the growth of the platform.
We are long due for a correction, but big market actors and overconfidence keep driving the prices higher.
I am interested in hearing in which Coins/ Assets you consider a safe haven in case of a BTC crash.
"People has not yet understood that coins are the dreams of someone made public in search of help (capital)"
Nathaniel Narvaez
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.- En primer lugar hace un par de semanas hice un análisis de Inversiones y puse como ejemplo los tokens Steem y SBD, en lo cuales predije que de acuerdo a mi perspectiva ya habían tocado fondo y por ende correspondía un rebote de subida como efecto inmediato, el cual ocurrió tal cual lo he dicho. He allí el primer causal, cuando muchos temían un caída mayor, estas criptomonedas empezaron a subir.
.- En segundo orden, ya se han dado anuncios y pruebas de campo exitosas de las novedades de Steemit (STM, SteemBay, Utopian y valor agregado de publicaciones y de los tokens en circulación, por ejemplo en pago de servicios, entre otros muchos proyectos excelentes), los cuales la harán crecer mucho más (de no equivocarme Steemit es actualmente el mayor blockchain del mundo, o va en ese camino y será muy útil para muchos, incluidos gobiernos y empresarios); es otro punto a considerar por el cual los inversionistas están migrando hacia acá.
.- En tercer lugar, al parecer se está fojando un sentido de pertenencia en más del 30% de los usuarios de Steemit, con ganas de crecer y aumentar ese porcentaje; significan mas de 100 mil pequeños inversionistas que pueden constituirse en una gran masa en defensa del valor de los Tokens, ante los intentos nocivos de los especuladores y de sus capitales golondrinas.
Ciertamente, tu recomendación es lo más aceptable en estos momentos de peso del Bitcoin (de hecho, según mis análisis el futuro de Bitcoin no es Bitcoin; será Bitcoin Cash o el B2X que vendrá en Enero, actualmente se hacen pruebas de campo) y del refugio que representan las pequeñas criptomonedas como las de Steemit, pero considero que como consejo a los pequeños inversionistas: INVERTIR EN ESTE MOMENTO EN STEEM Y SBD ES LA MEJOR Y MÁS RENTABLE OPCIÓN, 2018 será de crecimiento sostenido y sustentable.
Fuente de la Imagen: https://giphy.com
Excellent analysis, although a bit subjective, because accepting that the market for cryptocurrencies, especially Bitcoin, is 90% speculative, some variables are missing, and I proceed to explain:
.- First a couple of weeks ago I did an investment analysis and I gave the example of the Steem and SBD tokens, in which I predicted that, according to my perspective, they had bottomed out and therefore corresponded to a rise rebound as an immediate effect , which happened as I said it. There was the first cause, when many feared a greater fall, these cryptocurrencies began to rise.
.- In the second order, announcements and successful field tests of the Steemit news have already been given (STM, SteemBay, Utopian and added value of publications and of the tokens in circulation, for example in payment of services, among many other projects excellent), which will make it grow much more (if I'm not mistaken, Steemit is currently the biggest blockchain in the world, or it will be very useful for many, including governments and businessmen); It is another point to consider why investors are migrating here.
.- Thirdly, it seems that a sense of belonging is being created in more than 30% of Steemit users, wanting to grow and increase that percentage; they mean more than 100 thousand small investors that can constitute a great mass in defense of the value of the Tokens, before the harmful attempts of the speculators and their swallow capitals.
Certainly, your recommendation is the most acceptable in these moments of weight of Bitcoin (in fact, according to my analysis the future of Bitcoin is not Bitcoin; will be Bitcoin Cash or the B2X that will come in January, currently field tests are done) and the refuge represented by small cryptocurrencies like those of Steemit, but I consider that as advice to small investors: INVESTING IN THIS MOMENT IN STEEM AND SBD IS THE BEST AND MOST PROFITABLE OPTION, 2018 will be sustainable and sustainable growth.
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thats a great news
Are they ? or are you doing comment spamming :) ?
We get so much of it, "Wow, I am amazed and thanks for that" O.o
So basically you estimate that BTC will have a jump but right after have a steep drop?
Many others i come across think exactly the same.
Good post!
Me quedé esperando un mensaje amigo, saludos.