BitcoinShort
Long Term BTC - Long Road to Recovery
Updated
I just don't see BTC recovering anytime soon. The sticks just aren't looking pretty, regulations have been a terror, tax season had the <1% of US claimers pulling out HUGE sums to cover the massive gains they pulled back in 2017, and there just no good reason to assume that, based on good faith, that BTC will skyrocket with all of the ALT coins getting all of the attention.
If we are looking at this from a log. scale, then we have several months of volatility ahead of us, ultimately leading us down to a miserable 2k or 4.5k bottom before it starts to recover. While I am not saying, that you should pull it out and move to ALT, I just don't see any money to be made if you're HODLing. Take this volatility as a sign that money can be made, but it can't be made HODLing.
We just had a great week, all due to a MASSIVE surge. Whales are dictating the movement in the market, not sentiment, not logic, not news. Not that this is advice and that you should trust me at my word, as this is just a passionate hobby for me, but I took my gains and split them into ALT POE (PO.ET) and then Tethered the rest. Although, I still am not convinced that Tether is a safe place to put any money for long term either...
If we are looking at this from a log. scale, then we have several months of volatility ahead of us, ultimately leading us down to a miserable 2k or 4.5k bottom before it starts to recover. While I am not saying, that you should pull it out and move to ALT, I just don't see any money to be made if you're HODLing. Take this volatility as a sign that money can be made, but it can't be made HODLing.
We just had a great week, all due to a MASSIVE surge. Whales are dictating the movement in the market, not sentiment, not logic, not news. Not that this is advice and that you should trust me at my word, as this is just a passionate hobby for me, but I took my gains and split them into ALT POE (PO.ET) and then Tethered the rest. Although, I still am not convinced that Tether is a safe place to put any money for long term either...
Note
Still in the pocket.... I don't think we've hit the bottom quite yet...
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