Waiting For Rule of Three Dump.
Still bearish.
I predicted Bitcoin to $7500, so why not buy at $7500? I got a wave of stake coming to Coinbase. Gonna follow through with my Litecoin Swing trade. I'll be buying all Litecoin with the intent of trading it into something else December or January, depending on the market. Probably get more Steem or swing trade it again using a stablecoin during the correction.
If Bitcoin is any indication, halving events take a full year to bubble, so it's possible that Litecoin doesn't fully bubble until Summer 2020. Although I expect there to be many corrections along the way.
Gamble Gamble.
I've actually convinced three friends to buy Litecoin in October.
I hope I'm right :D
Rule of Three
I'm willing to wait much of October for Bitcoin to fall to $7500. If we get to November and I haven't bought in yet I'll bite the bullet and just buy in there.
SMT Pump and Dump
With Steem priced this low and the market so easily movable, I can imagine an SMT hype pump and dump coming around our way. However, since SMTs are an insanely delayed product that no one expects to come to market, the timelines might be off a bit.
Be on the lookout for this pump and dump to start materializing once the SMT testnet launches and gets a bit of hype. The dump might end 2-4 weeks after the mainnet launch of SMT, judging by the timelines of all the other recent speculation dumps based on fundamentals.
SBD
The last time SBD was priced this low, Steem went 2.5x during the next three months. Three months from now puts us in the middle of a potential winter bull market. We might see some fireworks.
Christmas is three months away.
I hope I don't get a lump of coal.
great post and yes bud you called it and even berwick and MR X and marco said it could go there but thought there was too much support to go that low but said its possible because nobody knows what the market will do
i really didnt think it would go below 9000 and if it did it would bounce right back
shit was i wrong and just as you started to believe what i said your prediction came all of a sudden
good for you man
i believe it can go to 7500 and if things continue like this i wont be surprised to see it just below 6000 but i still cant believe it bud
im kicking myself now lol
have a great evening bud
Daily chart looks good to me for a swing long. Acquired some satoshis :) for a swing trade.
I’m staring at $5400-$7800, got my buy orders all in!
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So what do you think you’ll do if bitcoin gets to 7500$? Will you buy both bitcoin and litecoin? I’ve been trying to reserve my litecoin purchases until it gets to around 40. I’ve been enjoying the lower prices, picked up a little bitcoin using my hedge though I think I put a little too much in from my hedge. Hoping bitcoin spikes and I can get my hedge back lol
Nah just gonna buy litecoin.
I want to swing trade on the halving fundamentals.
Expecting to buy around $46.
Thanks I may give it a shot with a large portion of the hedge I have left. I bought a bunch of litecoin at the beginning of this year and late last year when it was around 30$, gave me great trading power when bitcoin was strong. Wish I bought a bit of bitcoin as well when it was 3k but you never know.
You did nail the BTC pullback. The question is will it stop soon or go lower. I am now seeing forecasts of $6,000.
As for STEEM, it will be interesting to see how things take off. I agree with you about that price jumping based upon the testnet and some publicity. While I can see the dump, this could be something different. I can see SMTs actually delivering users, coupled with the RC pool, might actually provide the level of support needed to keep the price up.
Of course, the alt coin market in general is going to play a part in it all as usual.
The 6k predictions are out of line. In my opinion, 6k is the lowest Bitcoin can go, but there hasn't been high enough volatility on the upside to justify crashing to rock bottom.
Using my doubling-per-year metric, Bitcoin could crash to $5600, however to get there would have taken a bigger bubble than what we ended up with. Normally when Bitcoin crashes to the baseline it's lost 85% of it's value because it was so overwhelmingly bubbled. We are in a totally different market at the moment.
Just for the record I'm expecting a pop up to $8500 before it crashes $1000 to $7500.