Before July I would have said BTC would correct to around $1600 before August 1st hits. Now I will say maybe around $2000 instead. There may be an opportunity to short here, but I wouldn't suggest this for new investors or investors with relatively small holdings. If you are wanting to short bitcoin I would suggest even going into USDT so that you can snatch up some bargains coins quick. What I can say is if you're interested in investing in Bitcoin or are looking for another opportunity to buy BTC keep your eye out in the next few days and weeks. There is so much uncertainty with what will happen to Bitcoin if it hardforks, what I can tell you is that 12 months from when it does it will have doubled. The only reason you may want to wait if you're good at charting is so you can get as much BANG for your BUCK! What I can also say to you is in 3-5 years this whole market will boom and whoever decides to take a greater financial risk and invest big now will be strutting like Connor McGregor in 2020. So that gives you 3 years to learn how to trade properly, if you don't learn you will be eaten by the professionals eventually.
In the last week and a half I have learnt a lesson that my portfolio may be too diverse at its current stage. In a downturn like we've had I have only been able to focus on about half the coins I have, though in the long term I am still confident that I've chosen all winner. But as a scalper I need to crunch 75-80% of my portfolio into 4 coins (even when I make profits from scalping that they still balance and not lower that percentage.) One thing I can say about trading that you must do just like when you work in sales is to make note of your mistakes and write down how you can avoid them next time.
Please learn to trade like a boss and lets all get rich together.
In the last week and a half I have learnt a lesson that my portfolio may be too diverse at its current stage. In a downturn like we've had I have only been able to focus on about half the coins I have, though in the long term I am still confident that I've chosen all winner. But as a scalper I need to crunch 75-80% of my portfolio into 4 coins (even when I make profits from scalping that they still balance and not lower that percentage.) One thing I can say about trading that you must do just like when you work in sales is to make note of your mistakes and write down how you can avoid them next time.
Please learn to trade like a boss and lets all get rich together.
Comment:
and we've past the $2000 point maybe it will go lower
Comment:
Now I'm back to believing my first prediction might come true that it does his $1600. Very interesting, congrats to all those who shorted big in this market