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RE: BTC Tests 6k Support - EOS @ $4.58 - STEEM @ $0.87 Altcoins Could be Ultra Cheap if BTC Breaks Below 5,800
btw you can also use blockfolio to set alert on your mobile for the altcoins. yeah the whales have been supporting the price for the past 2 dead cat and current dead cat, let see how the whales gonna do. what are you buy in level for eos and steem if btc break below ?
It's whatever price comes in at if BTC breaks.
As it stands, even if it doesn't break and we just have a continuation of sideways movement. A lot of altcoins may become cheaper in a sideways movement.
As for EOS buy points, it's a tough call. I'd probably favor not buying EOS and I would buy other things. It may not be the right call, but I already own a bit of EOS, I don't need tons more. It hitting $100 isn't guaranteed. I believe it's still certainly a possibility, but I'd peg those odds between 30% and 40%.
If we bought in at $4 and it hit $40, that's a 10x. If it hits $100 and we buy at $4, that's a 25x. EOS might be good to trade from like $4 to $8... there's more hype with it, so it's potentially a good multi-month swing trade. I'd favor an EOS trade over an investment, because there are technically other investments that can do 10x easier than EOS. There are also other possible projects out there which would more easily arrive at a 25X.... but off the top of my head, I do not know what they are. Small, decent projects take a lot of time to research to find those ones which could do 50X+.
And if BTC broke, EOS should hit $4 easily, maybe lower. That'd be the entry point... which would either be a long-term investment or a multi-week / month swing trade. A person could likely buy at $4 and double their money or better on the next good EOS bounce.
thank for sharing your views. yeah probably good idea to diversify if you already own quite abit of EOS.