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Cryptocurrency
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Well after lots of research and several small investments over the weekend I’m only seeing green on my portfolio summary.
Who thinks we have hit the bottom? Or do you think its simply Monday morning trading?The proud owner of 125 Xeno Geek PointsComment
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lots bouncing back up this morning. QTUM doing well...presumably because it's just been paired with USD on binanceYour friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.Comment
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Originally posted by chef View PostWho thinks we have hit the bottom? Or do you think its simply Monday morning trading?
I'd safely call it bottom if you're holding for this year. You'll never see returns in this year again in your life."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Watching SNTBTC right now. It's had a bit of a tear this morning and is looking like it's either just finished wave 4 of a larger wave 1 or wave 2 of the overall larger impulse. hard to tell at the moment as subwave 1 (if that's what it is) is difficult to make out. i'd say there's a good chance to sell and buy the dip coming upYour friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.Comment
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Originally posted by scooterscot View PostThe overall crypto market is just a smidge over $300b. Some weeks ago it was over $700b. The crypto market is expected to hit near $5trillion in 12 months.
I'd safely call it bottom if you're holding for this year. You'll never see returns in this year again in your life.
“The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time,” FSB Chair Mark Carney said in a letter to G20 central bankers and finance ministers who will meet in Buenos Aires on Monday and Tuesday.
Carney is showing muppet bahaviour though
Carney calls for crackdown on crypto-currency 'mania'
I'll be very happy is this is the bottom and now lambo time. Ideally I'd like to be loading up now but I'm not going to get into short term crypto trading until this correction is over and we're in a bull trend. I wonder if the pump & dumps we saw in alts will return - I'm kinda looking to that to build my major coin holdings. Not joining any schemes just buying unpumped alts, setting profit targets and waiting until it's their turn."Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
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Currently looking for:
QTUM to hit about 0.00198 and then I think it will retrace to about 0.00173-0.00168ish. Confirmation would be price going through 0.00189
SNT to hit at least 0.00001700 (possibly up to 0.00001950) before retracing. Not sure on the level of retracement that's likely until we see how high it goes on the next impulse. Confirmation of the impulse for me would be price above 0.00001500Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.Comment
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Have not been day trading since some point last year. Sure if I see a coin getting pumped over 24 hours for no reason I'll take advantage for coin accumulation otherwise, keep holding and carry on."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostHave not been day trading since some point last year. Sure if I see a coin getting pumped over 24 hours for no reason I'll take advantage for coin accumulation otherwise, keep holding and carry on.
Would it be the same if you made your coins available to be shorted by someone? Technically you don't own them for that period when they're in use.
just not sure on that.Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.Comment
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No idea. I hold in BTC until I go back in. All the matters for me is not to hold in fiat. Far as my accountant is concerned, the moment I put any crypto back into fiat that's when he's to be recorded."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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