"YOLO: Wake up everyday with a smile on your face." ~ Charles Fuchs.
What's Up STACKERS!
This is the question most "Crypto Investors" ask; Are you Bullish or Bearish on the markets? Well it depends! You can be a Bull one day and then a few days later, a full blown Bear. 🤣
Currently the cryptocurrency markets is tiny and very speculative compared to other investments. The "swings" can be huge and one day of 30% gains can be wiped out in a few hours. In other words, you got to have major "guts" if you investing or trading crypto! 📊
As many of my Steemian friends already know, I've always been very "Bullish" in the long-term of crypto and blockchain technology... however... I started to become bearish in the short-term a few months ago.
Since bitcoin hit almost $20,000 in January, it's been dropping like a rock with tons of false rallies (head fakes). It's great for traders but not for us "HODL" peeps.
The only way I'm going to become bullish for Cryptos is or when Bitcoin itself closes over $12,000, yes i said it... over $12,000 a token. 😳
In my opinion, when this happens does happen... we will see a huge rally that will take "Bitcoin" to it's all time highs and the Cryptocurrency Markets to over 1 Trillion Dollars.
This doesn't mean that you can't make money in the markets right now, you can swing trade in this market but it's still going to be very risky.
I call this the "DCA (Dollar Cost Averaging) Period", we will have many months to accumulate our favorite tokens and stack it high!
So where is Bitcoin going in the short term? Who freaking knows? We can see bitcoin test $7,700, $6000, or if it's breaks that last number, maybe even $3000! 😲
No, this isn't FUD at all... this is called smart investing! Too many people go all in and don't even know what they are investing in, buying into the HYPE and FOMO.
Most of them have that "Lottery Mindset" and "Lambo" Dreams. We all know who buys lottery tickets.... yup, broke people! 🤣
We are currently experiencing a once of a lifetime opportunity. Look as if your buying these tokens on sale every week, knowing that the "Good Cryptos" will eventually 10x or even 100X your money in couple of years.
So are you guys currently Bullish or Bearish? It really doesn't matter because in a year or two, we are all going to be winners.
Keep on STACKIN! 💞
P.S. For those who's interested in following my "Content" and "Daily" Posts... you can just follow me @stackin to get my updates.
I think there are many whales coordinated to keep the prices low to accumulate. With all the positive attention and adoption happening, the price should already be going up!
Your absolutely right, it’s a very small market and it’s easy to manipulate it.
Yeah like Gates and Buffet spreading FUD or the MTGOX whale I'm mean honestly why would you move 8000 bitcoins in one go?
Fishy isn’t it lol
Hmm, yeah, kinda. Mass adoption is fine, but there are also a lot of governments looking into it, what does this bring? Regulation.
Whales hate that. Obviously. People like their 500% gains in a week, they don't want another stock market with 5% over 5 years. That's why I think people are still kinda hesitant to be bullish right now.
The market cap is still extremely small. Only a fraction of the bitcoin in existence is for sale on exchanges, so we can still see massive gains in the near future. There is a stat that shows that the market cap can move 25 x higher than the fiat put in to it. Simple supply and demand on a limited supply and the gains are going to shock everyone.
yes ,,,i think so too
short term bearish long term very bulish
@stackin I am going bullish, even when Bitcoin was bear, always you can take good currencies, where to do money.
I am more bullish on the Blockchain. I think Bitcoin will remain strong. But many cryptocurrencies will fold.
I agree, 95% of the all the cryptos that we see today won't be here in 5 years or be dead.
Do you think the "top 30" or "top 10" are here to stay? I'm just starting in crypto and surprised by all the coins coming out. But I was thinking if they break into the big time they would be a better bet. No that I have money to put in, but you never know.
Summer is always bullish, also NASDAQ starts trading cryptos next month. It's not possible to be bearish at the moment.
“Always” 😦
This developed version of crypto trading itself is quite young, basically since Bittrex and Poloniex exists. From that point, there wasn't a single summer where the total market cap didn't grow. So yeah, that's always. :D
2014 summer: mcap growth
2015 summer: mcap growth
2016 summer: mcap growth
2017 summer: even bigger mcap growth
2018 summer: I've heard a couple of prominent crypto companies taking steps towards helping institutional money to pour into the space. NASDAQ-powered exchange with a little monthly fee + free trading, insane retracement since the last ATH and little upward movement so far. Lots and lots of top-tier companies have started to get involved. This year is the start of the real rat race.
I still believe we get to 5 trillion total mcap at some point this year and there will be alt coins worth the current total marketcap. So ~390 billion / a single altcoin mcap.
I am always bullish in the longterm - especially in solid projects like ICON and WANCHAIN. Reason: they are the best examples for strong business knowledge and connections and partnerships - and this is super important when it comes to adoption.
I dont hold BTC anymore -well, just around 100 bucks or so - because I dont believe in it. I want solid fintech companies with strong teams
ICX is a great project, I’ve been in it :-) ... the problem is should I buy more now or wait for $2 or $3 hmmm haha
Now is the time to be bullish when everyone else is not if you truly believe in time it will go up. That is where I am right now STACKIN! :D
I’m in the trenches, everyone is currently bullish. Just look at all the 20 year olds in their Moms house doing Crypto videos on YouTube 😂😅
Won't find me selling :)
I took lots of profits few weeks ago “just in case” if it dips another 40% so I can get back in but I’m still a HODL Steemian! 🤑
I knew you would too, I only sold off to save for my europe trip. Which I made enough to book my flights, now time to save for food & hostel. Then the fun money!
That’s sounds exciting! However, let’s change that hostel into the four seasons 😂😅
Let’s compromise and book an Airbnb :)
I want Bitcoin to remain strong! The dips are good times to buy.
It’s still holding strong, remember only 12 months ago Bitcoin was $3000 😂 🤣
Damn it, I was going to write about this in a blog this week lol
Do it, my friend. We all benefit from your point of view! And you are absolutely right. Bitcoin must be viewed from a longer perspective period than the fluctuating daily trends. Keep stackin', my friend!
I reckon we lay low and keep writing. Things will get better.
You’re right! The best place to earn crypto, Steemit! 🤑
Hey there @stackin! I'm sitting strong in a few positions. I'm not selling, but I'm accumulating when it dips down to dollar cost average in.
A little here.
A little there.
The finish line is still years and years away.
You got it! Times to accumulate our stacks in the meantime 💪🏼🙌🏼💯
yes ..that true @jgvinstl ...the best thing to do now is just to buy and accumulate and keep ...nice idea
I am Bullish on Crypto right now, but that BIX WEIR Chump keeps talking about EOS and putting it down because he NEVER got any Traction here on STEEMIT. That Other KOOK Clif High (Dive), yes that guy that said $600.00 Silver is around the corner and that was Last Year. Don't get me wrong I like Silver a Lot but These Clowns along with Snippy just Drive me Nuts !
He’s doing it for the views, he like the attention lol
On this market all participants most be only BULLISH, this is key and way to success. ..Keep going to #<the^moon>
You got a 18.10% upvote from @brupvoter courtesy of @stackin!
To Me you can only be bullish on the crypto market when you trade long-term , by buying and holding for one or two years time before selling. I always buy and hodl for long term and wait for price to rise @stackin
It is interesting because the investment of cryptocurrency like a game of chance, you must risk to win or in the worst case to stay with the experience and the bad taste of mouth for having lost some money
Im bullish long term and in the meanwhile, taking advantage of the up and down swings by trading in and out of a few coins every few weeks, taking small profits here and there.
Crypto is gonna be huge! Bankers are afraid of losing their jobs and are against Bitcoin. Come on, if you can't beat Bitcoin, Join it. Time to quit your banking job and work for crypto start ups!!
People just forget, that even though we are down a lot from the ATH, we are still WAY up on price from this time last year. May last year BTC was around 2,500 USD.
So even though the market was correcting we are still up very much, we can't just always go up! ;)
Yup, January 2017. Bitcoin was $800 😮😂
I agree with your comment about $12k. There is a lot of resistance here. We saw Bitcoin reject the $10k mark last week, it is hard to say if it will retest $10k.
Agreed. It's not sexy for the HODL gang right now...but dollar cost averaging is the best for me. That's what I've been doing and adding a few extra 'purchases' when prices get super low. But at the end of the day....I'm still bullish. And still thinking multi-year to say the pay off from todays efforts.
Slightly bearish at the moment and time to stack some cheap alts before the bull trend starts
The STACKIN lifestyle 🤗
This doesn't mean that you can't make money in the markets right now, you can swing trade in this market but it's still going to be very risky.
...this phase made me understand that business is all about risk ...dont put more than what you cant afford to loss.
Most people can’t afford to lose $500 😳
Regardless, we just have to be patient and of course HODL! Let's keep on STACKIN @stackin. 😉❤
i will be bulish after 12k :) until then 6k maybe not the bottom
Ok look, we agree with most of what you said, but we have one question:
When you say "The only way I'm going to become bullish for Cryptos is or when Bitcoin itself closes over $12,000, yes i said it... over $12,000 a token", what are you basing this on? 4-hour charts? Daily charts? Market sentiment? Historical analysis? Like, how did you decide to pick $12k?
We're very interested to know!
I keep it simple. Lots of resistance there, if it breaks through, it will be hard to come back down.
We need the price of btc is increasing as they give others alt coin help to rise.
Hello, please read my article about bitcoin it will give you valuable information. https://steemit.com/money/@patrik.malinsky/btc-usdt-price-prediction-may-14th-2018
Sir @stackin I think few people get benefits from crypto currencies. Otherwise all are failing in this business. I also get nothing from this business.
I will take that as a prayer "in a year now two, we are all going to be a winner"
In long-term 100% bullish but short term everything depends on the whales
I believe the cryptocurrency space is most bullish when these two are working together these factors together pave the way for bitcoin to make a run back to $10,000 at a minimum in the coming weeks.@stackin Cryptocurrency investor. It's not about money, it's about freedom.
Money creates freedom 🤔
Very nice post, Bull's eye!
Undecided...
Undecided...
buy the dip!
https://petitions.whitehouse.gov/petition/petition-president-congress-remove-privately-owned-federal-reserve-our-central-bank
Hi @stackin, I just upvoted you!
I see that you know what you're talking about when it comes to crypto, so we're inviting you to an invite only Altcoin Fantasy contest. You can find the username and password for the contest on our Steemit post here.
Here is the link for the contest: https://altcoinfantasy.com/p/steemit
Thanks and we hope to see you there!
let just hope and see what will happen
Bullish always sugar! Haha hugs and hope you are doing well☺️🎀☺️
If bitcoin implements scability this year it will be quite promising as the results now makes Bitcoin very slow for transactions