CAUTION:
Bitcoin Holders
THE PAIN! I feel it guys. You know you've almost been beaten when you question your thought process for investing. Did I make the right decision? will BTC price keep going lower? should I have sold?!!! I too have had major loses this year. I have 1 BTC on a ledger I told myself I wouldn't touch for 10 years. This year has been hard for me not to trade it. But I knew there would be difficult times so I haven't touched that stored away 1btc. I thought about it very hard... and then I remembered a quote from Warren Buffett that said:
To all you HODLers out there, I believe the bottom is near. Bitcoin's history is filled with major corrections. This market is like no other. As you can see from the image below in 2013 we had a 87% correction. Right now we're at a 81% correction level. $3,000 we have major support, I believe that's our new floor. At the time of writing this, price is $3,722 so in the grand scheme of things, we're very close to the next bull run. If you're 100% HODL you should consider trading a portion of your portfollio.
Bitcoin Buyers
Though you may feel like this guy below, I would still stay on the sidelines a little longer. If BTC gets to $3,100 I would highly consider buying, but only if you see a nice pump in price. Don't try to catch the bottom even though I strongly believe $3,000~ will be the bottom. Patience is key!
Want Buy & Sell Trade Signals?
If you're interested in the results my custom script is producing then you should consider becoming a member at my website. I forward buy and sell trade signals to my members the second I receive them. and if you have that same trading bot then you can trade fully automated. Take a look at this Steemit article I posted 11 days ago where the script predicted this drop.
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Follow: @altcointrading
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