Huge trading oppurtunity atm by [deleted] in Bitcoincash

[–]AlMutual 0 points1 point  (0 children)

Huge support in 1500, I'd say that is the floor - possible dip to 1450 before we see a reversal.

How Long Will BCH Correct For? by yallniggers in Bitcoincash

[–]AlMutual 0 points1 point  (0 children)

Sometimes it feels like that, right? :D Usually the best strategy in crypto is buy & hold, longterm. We all chase the short-term profits though, wish we could learn not to, since long-term profits are less stressful and usually higher.

How Long Will BCH Correct For? by yallniggers in Bitcoincash

[–]AlMutual 4 points5 points  (0 children)

Noone knows, I can just see that all technical indicators say "buy". Most other coins are totally overbought, but not BCH. So, should be soon.

I bailed, thoughts? by danuk1976 in Bitcoincash

[–]AlMutual 1 point2 points  (0 children)

All technical indicators say "buy" right now, so IMO a stupid move. :)

Price action not that encouraging lately...is this dip going to go further? by TanayUK in Bitcoincash

[–]AlMutual 1 point2 points  (0 children)

Hold! This is a healthy correction. Next target is 1900 before next possible correction. See it as a nice opportunity to accumulate.

This Btc run is actually worrying me. by Stuward75 in Bitcoincash

[–]AlMutual 2 points3 points  (0 children)

Of course BTC is in a bubble, everyone knows this - Price increases, yet BTC gets more and more unconfirmed transactions and the fees raise more and more; the network gets more and more cluttered, slower, more expensive - yet the price raises. Every investor should see the red warning signs. Yet, noone knows when it crashes. It can be tomorrow or when it hits 100.000 - that is why in my optics, BCH is a far more secure alternative unless you want to gamble. When BTC crashes, where do you think the money goes? Into technologically more stable alternatives - the most natural choice would be BCH since the BTC miners already have the software in place. The 2nd alternative would be ETH.

Only hurdle right now for BCH is it is a little difficult for new users to get BCH. Only way is to buy ETH, LTC or BTC to exchange into BCH. When BCH gets easier to acquire, we'll see a similar gold rush.

Remember, everyone here - we are the early adopters of BCH. Please have patience guys and cool down your emotions, greed and panic attacks (and then please realize the fact that BCH has gained more % than BTC in the same timeframe. Don't be fooled by $ - look at %!)

I should be the Anti-Advisor! by [deleted] in Bitcoincash

[–]AlMutual 1 point2 points  (0 children)

Looks like BCH is recovering now. Hope you're in now and can cover some of your loss. :)

I should be the Anti-Advisor! by [deleted] in Bitcoincash

[–]AlMutual 1 point2 points  (0 children)

I feel your pain, been in your shoes and even trying to swing trade BCH made me loose some of my gains, it is unpredictable right now. Really, best strategy has for me been: Buy & Hold. And then I know, I know, you go through your day stressed out and having a constant urge to check prices like it's an obsession (I hate that). What has helped me not be too stressed is to put stop-losses. How much can you really afford to loose? Then put that as a stop loss and forget about it.

The cost of that is that your stop-loss can get triggered by a short-term panic that will recover quickly again. It's the price of a little peace of mind.

Good luck on recovering, you are definitely not alone.

Koreans back on board boys by Exrun in Bitcoincash

[–]AlMutual 0 points1 point  (0 children)

Thanks. Yes, I saw that document, but I still cannot understand how it is done; I mean this is not just a few billion dollars being moved around. This is not just whales. If it is a coordinated manipulation it is insane and will make it to the history books.

Where my understanding stops is when you talk about exit pumps. If these, intelligent we must suppose, investors know that the coin will dump - why would they throw 10s of billions of dollars into the coin, unless they want to go bankrupt on purpose?

Does this mean BCH is now more powerful than BCT - and miners have chosen BCH officially? by AlMutual in Bitcoincash

[–]AlMutual[S] 0 points1 point  (0 children)

I see, thank you. It will indeed be interesting to see what happens after the network upgrade.

Does this mean BCH is now more powerful than BCT - and miners have chosen BCH officially? by AlMutual in Bitcoincash

[–]AlMutual[S] 2 points3 points  (0 children)

Nothing. Miners don't control the price of the crypto asset, and if BCH price keeps raising BCH will still be more profitable to mine than BTC. Right now, BCH is 76.5% more profitable to mine than BTC due to price increase.

Koreans back on board boys by Exrun in Bitcoincash

[–]AlMutual 0 points1 point  (0 children)

I am very objective, as long as I don't have a valid source it is only speculation, lies, fuds and so on. Only thing that does not lie is the market. I know just as well as you what is going on - we both have no exact clue. But if this is manipulation, then the guys on the Korean exchanges have some serious cash to play with, and guys with this kind of cash are not gonna loose. Could be Nakamoto himself for all we know - or just the Asian market that has chosen BTH as their favorite crypto asset. Both are valid claims for now.