Hey buddy!
I'm planning on copping some EOS with some left-over ethereum I have. I have about 0.3 eth and I'm thinking if I put it in EOS and then wait for the price spike I'll be able to get more eth back.
What do you think of this strategy? And do you have any time frame / prediction when the markets are actually going to bounce back?
Thanks a lot! Am following cos I like the style of your blog x
This is actually my strategy with all of the Crypto trading I do. I believe ETH will continue to trend upward, so I have been purchasing/selling Alts with the intention of having more ETH today than I did yesterday. If coin XYZ is worth .001 ETH today, I hope it increases to .002 ETH (while ETH too increases in value against USD). It is a nice USD multiplier.
I got the same strategy. I used to speculate against BTC, but now I'm looking at ETH.
Good man! I have actually found it to make a little more sense speculating against /BTC or /ETH vs. USD (and a bit funner!).
So many people are tracking Alts against USD because they haven't taken a second to realize what they are doing. If you purchase coin XYZ with .5 ETH (which is $500), and then ETH rises from $1000 to $1500 and their XYZ position decreases from .5 ETH to .4 ETH, they are still happy because their USD position has increased. I still consider that a loss because your ETH value is now lower than it was if you were to have just held the ETH.
Happy to hear about other people using this mindset.
I should have done something with that EOS while it was hovering at 14.5 usd (got it at 9 dollars)
Instead I did nothing and it's back to the price I bought it at! Hahahaha, my crypto game is not tight at all lol!!!
Appreciated Sir imp.unity
Market will bounce back shortly
I have both eos and eth analysis on my blog!
If you are short trader then go for eos!
Eth I have target of $1500
Eos 19.50