Quote: (02-04-2018 12:17 AM)sonoran_ Wrote:
What would you guys be doing if you were in heavy losses for some coins ( like 50-60% drop)? Overall im still up a lot from when I started and this was my 1st alt cycle ( not even a full cycle, since I got in end of December) so Ive learned a lot on risk management.
Do you want to preserve your profits or do you want to risk loosing your gains in the attempt to recoup lost profits?
Here is a logarithmic view:
The orange line is your buy zone going back to March 2017. Current price: $8,800
The purple is your buy zone going back to the Aug 2015 low. That takes you down to about $1,500.
The red is your buy zone going back to the 2013 crash. That takes you down to about $300.
This is either the first solid buy opportunity in a few months or that 9-month conservative trend is being wiped out and becoming resistance. I think the latter. The whole space has gone negative. The last column here shows percentage drop in traffic to the coin's site over one month:
I'm not buying until we reach disillusionment.
Quote: (02-04-2018 04:06 AM)[email protected] Wrote:
Seeing that the stock market might go down do you guys think investors will throw their money into crypto?
In a stock market crash everything goes down against fiat - fiat's purchasing power goes up because there's a lot of people trying to get hold of it and just sitting on them, wanting to preserve value. If there was also a major panic in fiat at the same time then people may look to pile into crypto. When the China market plunged in June 2015, the price of BTC went up about 25% and came straight back down.
I'd certainly be looking to see what happens and if it goes up, would buy in.
1 month correlation to web traffic change:
Correlation is much stronger with big falls:
And smaller with small changes: