As segwit 2x comes closer uncertainty in the market seems to be increasing.
Litecoin and XRP are the two fastest mediums back to fiat
From experience I usually purchase one of these; including Ethereum in order to transfer my funds in and out of the market.
Now this is just an observation, but judging from the recent spike in ETH, XRP and LTC just days before Signaling for segwit starts. It seems that investors would rather hold fiat until things smooth over.
I'm holding a few alts still, but I am mostly back to fiat as well because I am unsure how segwit2x will play out. However, I have my eye on BCH and will be looking at key levels for buying more alts even cheaper from weak hands.
Litecoin and XRP are the two fastest mediums back to fiat
From experience I usually purchase one of these; including Ethereum in order to transfer my funds in and out of the market.
Now this is just an observation, but judging from the recent spike in ETH, XRP and LTC just days before Signaling for segwit starts. It seems that investors would rather hold fiat until things smooth over.
I'm holding a few alts still, but I am mostly back to fiat as well because I am unsure how segwit2x will play out. However, I have my eye on BCH and will be looking at key levels for buying more alts even cheaper from weak hands.
Note
Thought I posted with for LTC. This was before I was reading the bitcoin reddit where I saw some people saying bitcoin segwit will make litecoin more valuable due to the lightning transactions between the two. Regardless, if litecoin wants to go higher, it's to risky to jump in now.
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Trade, Code, & Travel.
pinescriptstrategy.com
pinescriptstrategy.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.