Quote from: BTCITA187 on July 14, 2018, 09:23:03 AM

Quote from: Invester on July 13, 2018, 07:20:58 AM

Quote from: Tomak on July 13, 2018, 06:34:23 AM

Please tell me, its getting on my nerves already. I lost 40% lately on stupid moves and i need to recover. Is it safe to invest back in alts now. What can we expect in next 1-2 months. Anybody has a glass ball? I see green candles today. Can it be next bull trap or the market is recovering now?

First and foremost, don't get my couple of cents as an expert's take. Secondly, never let your emotions run your decisions. It will be a tragic end to your portfolio if your emotions prevail. Avoid it.

The market has been unreliable these past few days. Green candles do not mean recovery. They simply signify growth. Up to what point, we are not sure. What I am a bit positive about is that the prices will not go down deeper anymore. There will be decreases in prices but not that big anymore, after all the red candles that we've seen in the last several months. So, I think it is safe to get back to alts right now. There might be a longer waiting though for your gains.

"Secondly, never let your emotions run your decisions. It will be a tragic end to your portfolio if your emotions prevail. Avoid it. " - that's really good advice.
But I doubt about bottom. I don't think that bear market is over and I think price can go down more. I don't believe to all these "support line" or something. Much more better to follow to the market capitalization and 24h volume. Cause we have the same volume about 10-12 billions a day for a long time. About 3-4 month. When we will see 20 billions volume or more , than price maybe can go up to 8000$ or more for BTC and that's not 100% information, just notice. It's very risky to buy altcoins now, of course if you will buy some GEM and you can get x10 easily with them, it's ok, but if you're not sure that your alt is a real game changer, won't buy it. BTC,ETH will be safer.

Maybe I should change my mind. That was a huge pump. 700$ dollars a day and about 20 billions volume for 24 hours and BTC price went up. By the way BTC volume was increased from 2 billions to almost 6 billions a day and now we can see price more than 7000.
Maybe in the end of June we saw a bottom.