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RE: Is it almost time for the altcoins to start shooting upwards?

in #busy5 years ago

I agree with most of your opinion here, and I think this sums things up:

So many people are expecting Bitcoin to continue to rise and they're causing it to rise by pulling money out of their coins.... that eventually they're going to notice the incredibly low price on coins and that's going to cause people to want to put money back into them.

I'm not sure this trend will change over the next few weeks. Might take a few months. I started a power down with the idea of selling and buying back at lower prices. Whatever happens, I'll get back in with whatever I sell, so if it starts going up instead of down, I'll have a price that I'll jump in at, and take a little loss. But I think it might retest the lower 20s so I see this as a chance to increase my Steem Power as I sell now but buy back more in the near future.

I am concerned about "MEOS" but I have that hedged by owning some EOS, and now also BEOS which might tag along with the EOS price at some point in the future. There are enough people to populate both platforms and Steem has first mover advantage as well as the ability to earn multiple tokens from the same post. We can now earn AFIT or Partiko tokens on a Steem post. Next week, we can earn $SNAX. SMTs are here, in Steem-engine form, and "real" SMTs might come soon since MIRA is basically done. I do not count Steem out! We just have to get through this price downturn and I think we'll be back over a dollar by the end of the year.

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That is so incredibly risky. I thought about doing it too but it's really risky. As you can see i have power down some sitting in liquid.

The plan I'm thinking about, but haven't actually done yet, is to sell about a thousand steem at $0.30 and then buy it back if it goes down at about 22. or if it goes up at about 35. So we're talking about under $100 profit or loss in either case. But I am a bit of a gambler under the right circumstances and this will give me a little excitement. 😃

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