Today I pitch an Investment in Crypto-currencies. Everyday I hear more and more about investors, traders, coders, central bankers and International Monetary Fund members discussing the possibilities. Time to roll in Buffet style.
Technically - Short term It feels like a pullback is inevitable. Price has raised higher and barely pulled back without even a test of 68% level. Price will definitely be volatile in the coming months as Bitcoin will continue its cycle of talking heads and market 'noise.' Naturally I suspect price levitates higher. Like a helium balloon. Fibonacci levels from all-time-high-4980 to basically creation-100. .382% @ 3120 .50% @2550 .618% @2000
Fundamentally - The haters don't realize the value and the older generations don't understand the usefulness. It will take a total generational cycle for innovative ideas like BTC to be accepted. Just like; democracy, slavery, Federal QE programs, gender equality and Wall Street itself. Mankind does not simply wake up one day and accept radically life changing innovations like Bitcoin. The good news is that times and generations are changing. My generation is going to lead the charge to globalized modernization.
That being said I am placing buy orders at the predetermined levels without fear. I'm holding for 0 or $10,000 with NO stop. You'd have to be crazy to run a stop on such volatile instruments. I will sell half the position if price doubles within the first year. Otherwise its $500 I'm completely comfortable never seeing again. I am in no rush to get my entry because I know I will get it.
E1 - @ 2550. $200 invested. E2 - @ 2000. Another $300 invested = $500 total exposure.
It seems as though its not a matter of 'if' but 'when.' These currencies have virtually unlimited potential and have the possibility to multiply personal wealth 10 fold. Just seems foolish to not have some exposure.
Ask questions! Comment-Like-Follow! You have no idea how much the support means to me. Learn more about Bitcoin here! https://www.youtube.com/watch?v=Gc2en3nHxA4 Happy Trading!
Analyst Virginia TElphee - Logistic Wealth Management. I trade with 5 young years of market participation experience since 2011. I opened my first trading account, a futures account, on my 18th birthday. I show precise dedication and discipline to technically focused strategies. I love trading passionately and plan to trade professionally after college Disclaimer: The information provided should not be considered investment advice. You should consult a financial professional before investing
Komen
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Correction to the technicals section. Price has tested the fib level and looks bullish short term. An inevitable pullback is opinion and should have been stated in the fundamental section.
"Buy_Hold & Forget" i'd agreed in most of all weeks since 2011. But now it looks rather scary now as you say. Bitcoin is not the only one but one in a 1000. Yet priced higher than paypal with relatively few user.
Bitcoincash equals an extra inflation of 10-15% so far.
fineregex
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@fineregex, ah, i saw now you are planing pretty modest amounts. so that looks fine. I'd just add an E3 @1201 or so
UnknownUnicorn981629
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@fineregex, yeah I'm trying to manage the risk at 2% of net worth in a full trade :D
Yeah that would be a good place triple down.
You own BTC?
fineregex
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@TElphee, i mainly only own crypto assets but SBD seemed best this month (meant to be stable at $1)
explain the ineviteable pullback/bulltrap?
what do you think about this one
Bitcoincash equals an extra inflation of 10-15% so far.