What signs would you look for re. entry over the near-term? Assuming I'm okay with using BTC as the reference metric for my portfolio (as opposed to fiat), is it fair to say that if these present BTC/Alt ratios hold post 8/1 (lol) that this is a...reasonable...point for entry?
For instance, BTC/STEEM is hanging around where you started in May, so by that metric, it looks much better now than a month ago. On the flip side, BTC/fiat is awful right now. I get more STEEM for my BTC, but start with less BTC overall soooo... (I guess just do the math?).
Got greedy with the last correction and actually had a bunch of limits whiff just below the bottom. Been playing much more conservatively since then and ultimately been camping out like 80% in fiat for the last month (little dips in/out) because I really didn't trust the upswing. Portfolio is green, but I think I'm missing the forest for the trees. Kept hoping for one more selloff...
Ultimately want to take a position and mostly hold. Clearly a risky time to buy BTC, can't tell what to look for for making the Fiat -> BTC -> Alt jump though. :/
And as always, I appreciate the updates on how your numbers are looking.
For instance, BTC/STEEM is hanging around where you started in May, so by that metric, it looks much better now than a month ago. On the flip side, BTC/fiat is awful right now. I get more STEEM for my BTC, but start with less BTC overall soooo... (I guess just do the math?).
Got greedy with the last correction and actually had a bunch of limits whiff just below the bottom. Been playing much more conservatively since then and ultimately been camping out like 80% in fiat for the last month (little dips in/out) because I really didn't trust the upswing. Portfolio is green, but I think I'm missing the forest for the trees. Kept hoping for one more selloff...
Ultimately want to take a position and mostly hold. Clearly a risky time to buy BTC, can't tell what to look for for making the Fiat -> BTC -> Alt jump though. :/
And as always, I appreciate the updates on how your numbers are looking.
We had key reversal days off of support yesterday on LTC, BTS, STEEM, PIVX, NLG and completed a morning star reversal on SYS. If I were a buyer (I'm already 100%) this would be a damned good place to buy. Remember that this is high risk and that you shouldn't "invest" more than you could lose without it hurting too badly.
BTW, I just sold the last of my NXT. Probably way too soon since it looks like a pump, but the offer was in and the decision had already been made.
http://i.imgur.com/17WX4QP.jpg
Edit:
Put the proceeds into NLG to bring it's weighting up a bit.
http://i.imgur.com/Ue4zIn3.jpg
