RE: Time to be buying?
I agree. It's been a tough month and I think we should at least see a reaction, and most likely sooner than later. The question is what kind of rebound that will be. Whatever the case, I think it should tell us a lot more about the intermediate term. Seasonality is getting better as we move towards March, with 2Q usually being strong for crypto in general. BTC has lost more than 50% of its value in a little under a month and a half. Perhaps it's time to try and rally for a while.
The best case scenario for the top notch Alts like BTS and STEEM I think would be a rally-pullback-rally-pullback sideways trade in BTC and the rest of those well known coins where people start giving up a bit them and start looking elsewhere for better opportunities.
Okay I just bought a bit more....got about 2/3 share of what I want to get...have 1/3 in the keg ready to go if we have another move downward.
Hope I picked the bottom although that isnt likely. LOL
Yes sir! And so did I! Check out my most recent post and let us know what your best fill was!
I still feel this pullback is made worse because there are so many new hands in crypto. These people are not accustomed to a 60% haircut on an asset. If that happens in the stock market, it is because a company is pushing bankruptcy or someone is being indicted.
This only made the situation worse than it was. BTC, especially, was due for a shave. It ran up too quick. At this point, I am going to buy some of the trust that has some BTC in my 401K....Ill be looking at that about midday tomorrow.
We might be getting near the bottom of BTC.
As for STEEM and BTS...it is only a matter of them getting recognition. I feel more secure about STEEM because I am on here each day seeing the growth taking place. I really need to delve into BTS more...not that I am worried about @stan leaving...which someone posted on the article I put up about it that he isnt leaving, only not being so public.
First comment if you are interested:
https://steemit.com/bitshares/@taskmaster4450/mob-mentality-on-display-and-bitshares-loses-a-good-man-good-job-people