I'm planning on perhaps purchasing coins on Thursday or Friday when I get my next Steem Power distribution. Should the price still be cheap then or do I need to part with some of my BTC now?
I can see it rising towards Thursday or Friday maybe back to .3,the 1-3 days after the airdrop usually see the biggest sell off
Well, from the experience of previous distributions the price usually collapse by up to 30% right after a distribution. A lot of people just trying to make some fast profit and sell immediately after they got the tokens. In the week after the distribution price slowly recovers. This is actually the best time to buy. From beginning to end of second week the price going up again until the next distribution. It is like a circle. But does not have to mean that it will be so in the future.
OK, I moved over some of my BTC to Bittrex. The Bitcoin Mempool is pretty low now, so I set my fees to the lowest that my Electrum Wallet will let me without using the console. Will see how this goes. Looks like I already got 1 confirmation for my BTC. Hope everyone sending bitcoin sets their fees low. We need to get those fees with that coin back down to earth. although I like how the fees are set low on Byteball.