Hello all... Just wanted to post my thoughts on all that is going on in the crypto world.
So about 4 weeks ago I blogged on how I just didn't like what I was seeing with Ethereum. I had the majority of my position into Ethereum & pulled it. While I pulled it, I just flat out pulled all my shares on everything. Turned out to be a great move. Today Ethereum is tanking @ $137usd on Gdax at the moment. Time I pulled funds Ethereum was @ $388.
Anyway I really feel like this whole correction thing was needed & is a very good thing. It will shake out these wanna be day traders & stop Gdax from crashing (hopefully).
I really feel the like the market cap is gonna goto as low as $47 billion in the (July 29th to Aug 4th range). I plan on buying back in around the low 50 billion dollar range. I feel bad for all those college kids that put their student loan money into this when the cap was 100+ billion.
I really believe in EOS & I bought a nice chuck @ $2.21 pre-mature & that is turning out to be a mistake. I plan on buying some today in the low $1 range to help out my avg. You live in learn, but excited for the 1st of the month. What a shit storm this month has been. Have faith in tech! Free up cash & buy in when others are afraid & you'll never regret it!
Good luck everyone!
I'll be picking up some Steem, EOS, Stratis, Antshares, & Litecoin today =)
