Enjin/Bitcoin MyLongTerm Forecast, important lessons for newbiesI'm watching Alt coin/Bitcoin charts from 2013 to 2019, i will tell you most important things what i learned from it.
1- You cant buy the exact bottoms or sell exact tops.
2- You cant buy right before breakouts.
3- Dont start accumulate before all the well known indicators shows you "its right time to buy" for example weekly EMA-MACD-RSI-OBV
4- Never buy all in any Alt coin. buy daily piece by piece
5- You should keep it mind. your belief will be tested.
6- Never keep your Coins on an Exchange more than 4-6 hours. be obsessed about your coin's security and always use cold wallet.
7- Dont wait EMA-MACD-RSI-OBV confirmation for taking profit.
8- Take your Profits when Bullish Momentum starts losing steam. sell hourly piece by piece
9- Dont be obsessed about selling at top, most of the time you will have another shot.
10- Dont buy back or atleast in same week you took your profit.
Best indicator for top :
When you really feel amazing about your gains, refreshing your portfolio every five minutes, you think you are very intelligent person and you cant wait to share what you have done with your loved ones;
"VERY STRONG SELL"
Good Luck
CRYPTOMILLIONAIRE
Iota Rising - HODL - Buy and HoldFacts:
Global M1 money supply is 25 Trillion USD.
M1 money supply is defined as Cash and equivalents, i.e. currency which is free and instant to transact.
Iota is the only crypto currency which is free and instant to transact.
Iota is therefore the only crypto currency eligible to be categorised as M1 money supply and is eligible to compete for a piece of this 25 Trillion USD market.
Iota has the advantage over other M1 aggregates in that it is globally portable in an instant, where as physical cash must be transported.
It has another advantage of not being subject to central bank intervention or counterfeiting.
Market cap of Iota is at approx. 4 Bln Dollars as of writing up this idea on 29 November 2017.
Number of Iota coins is fixed, coin supply is permanently stable and pricing is purely demand based.
Assumptions:
Iota captures 5% of the market for M1 monetary aggregates in the next 5 years.
Calculations:
5% of 25 Trillion USD = 1.25 Trillion USD
1.25 trillion / 4 billion = 312
Conclusions:
Iota market cap could well reach 1.25 Trillion USD.
Thats 312 time todays 0.00% market cap of 4 Billion USD.
An investment today has the potential to grow 312 times its size
Discussion:
In my opinion, the 5% of M1 is conservative, given the advantages that virtual currencies have over fiats. This is a realistic possibility.
Buy and Hold!