With the altcoin world preforming on average worse than BTC for the past few weeks, many people are moving their investments and taking losses on portfolio's consisting of alts in an effort to ride BTC and capitalise on the opportunity costs in the hope of buying back in and increasing their stacks. Whilst this strategy can't really be argued against, especially as historically it has been paying off it can be a risky move. If you miss time the markets ou can lose all your gains in an attempt to jump on a moving train.
So you are probably wondering what this has to do with FUN, well to continue with the train analogy. FUN is currently in the station taking on its passengers, and what do we see but the first class passengers are starting to board (Casino's(in my opinion)) meaning that the train is almost ready to depart.
Although, the casinos buying in are purely speculation at this point there has been some interesting influxes in volume that sure do point that way.
Daily volume has been steady at approximately 1 million yet several times over the past few days we have seen large buy orders in the millions bringing daily volume up to almost 18 million at one point, with this all happening over a period of four days.
Combine this with the fact CEO Jez San has stated they are consistently approached, and already working closely with the first casino's
So when is the time to jump in to FUN? Honestly I don't know (anyone who claims they do is a charlatan, this market has no rime or reason. Just look at WTC) but I am personally sat on the train, will i regret not being in BTC if it doubles in value whilst FUN stagnates? Possibly but i do know id regret not buying FUN at this price a lot more if it reaches even a 20th of its potential (I believe £10 in 2020 based on nothing but speculation).
I guess this could be summed up with the original message behind the HODL meme
When the traders buy back in I'm already part of the market capital
I type d that tyitle twice because I knew it was wrong the first time. Still wrong. w/e. GF's out at a lesbian bar, BTC crashing WHY AM I HOLDING? I'LL TELL YOU WHY. It's because I'm a bad trader and I KNOW I'M A BAD TRADER. Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro. Likewise the weak hands are like OH NO IT'S GOING DOWN I'M GONNA SELL he he he and then they're like OH GOD MY ASSHOLE when the SMART traders who KNOW WHAT THE FUCK THEY'RE DOING buy back in but you know what? I'm not part of that group. When the traders buy back in I'm already part of the market capital so GUESS WHO YOU'RE CHEATING day traders NOT ME~! Those taunt threads saying "OHH YOU SHOULD HAVE SOLD" YEAH NO SHIT. NO SHIT I SHOULD HAVE SOLD. I SHOULD HAVE SOLD MOMENTS BEFORE EVERY SELL AND BOUGHT MOMENTS BEFORE EVERY BUY BUT YOU KNOW WHAT NOT EVERYBODY IS AS COOL AS YOU. You only sell in a bear market if you are a good day trader or an illusioned noob. The people inbetween hold. In a zero-sum game such as this, traders can only take your money if you sell.
Remember this is not financial advice and don't invest (gamble) more than you can afford to lose.
