Now is a good time to think about your positions. The market is quiet, some say - it's consolidating. Take time during this lull to consider what you will do if there is good news, if there is bad news.
- Do you have enough coins? Too many?
- Have you been sticking to your game-plan? Do you have one? ...you should.
- Do you own a coin which JUST ISN'T MOVING? --well, time to ask yourself why--and do some research
Thoughts:
*The whole China ordeal hasn't been total mayhem. That's good to see-right?!
We're seeing more and more people on youtube trying to develop their own channels based on cryptocurrencies. I don't particularly like seeing more and more people jump on the bandwagon. We could see this coming, and it might not be a terrible thing considering it'll raise more and more awareness. However; it's going to create confusion and problems as well.
---that being said ---careful whom you choose to get your information. I suggest sticking with those whom have been
discussing and analysing crytpos for awhile.Keep an eye out for news regarding Amazon. Might be BS....Might be TRUE. If it is true--well, we all know that it would be highly beneficial for the crypto market--across the board, especially with the major coins. I WILL POST IF I HEAR/SEE ANYTHING
we're pushing near 4k again. For me--it'll be a great sign if we can get back to 4200. Thoughts?
Non-crypto thoughts (but sort-of related):
Take a look at the trend in the US dollar (investing.com- just click on the dollar index- top right)--be mindful of it. We're at 92, we were over 100 six months ago. I don't know what will happen. --If the US dollar keeps losing value, it might affect BTC-etc. This is new territory---no one knows.
Keep watch on the precious metals. Yea--analysts are saying we're in a 3rd stage of a bull run. But,.... they've been pumping gold and silver for years now. I buy silver using BTC as a means to diversity and to avoid paying 25% tax on BTC profits.
---And don't forget:---DON'T BE GREEDY. It'll burn ya. Good luck!