I agree with this.

I really hope this is true and as a consequence I am holding strong even though I am currently in a negative. I have 55% XRP, 20%XLM, ETH and NEO. These are all stable strong projects which I think will stand the crypto test of time. I am hoping for a bull market to return in the mid to late spring post G20 like it did in 2017.

I see BTC rangebound around 10,000usd. This stability will help the alt coin market gain value and grow as to be expected.

At last! Someone can see what I see - thank god for this thread. Does anyone else see the organic growth stop around $6k on the way up? May be $6k IS the organic floor? Another point. is it feasible for people/institutions with very deep pockets to start buying as much BTC as possible thus driving the price up prior to Christmas only to then sell en masse, bringing the price down, ensuring futures contracts execute and keeping the BTC price within a certain range? Or is this too simplistic?

Ok, will do.. thanks for replying.

Hi Felipe,

I am using Outlook mail provider. Here is a screenshot of the email: I have also just sent a test 0.01 ETH to Kraken which resulted in an identical email from Hit. I have about $11k on their exchange. I am loathe to transfer it if they are having issues.

That's interesting. May be it will show up in a couple of days then? However in the reports section their is no evidence of the transaction having taken place which is worrying.

Well said Harizen - they are taking a pummelling on Twitter.

I fear my BTC are gone. Immediately after the withdrawal I received an email from HitBTC support asking to click on the confirmation link to authorise the withdrawal. When I go back to this email from support@hitbtc.com I cannot access it as 'the linked image cannot be displayed' .. which stinks of scam to me. What do you think?

Has anyone been a victim of scamming through HitBTC.

Just looking at their Twitter feed recently and you can see a lot of people have been scammed...

https://twitter.com/hitbtc

I personally sent 0.08 BTC from Hit to my Bittrex account. It has so far failed to turn up and it is not showing as a transaction on my Hit account. I am beginning to fear the worst....

Hi guys,

I am looking for some feedback on my portfolio diversification. It currently stands as:

33.7%     XLM
25.38%   ETH
14.77%   WTC
10.30%   XRP

The remaining 15% or so is made up of around 20 alts including:

MANA
BQX
SNT
SC
OMG
ARDR
BNT
SUB
COSS
VOISE
ENJ
BTC
ADX
BAT
ADA
STEEM
DGB
XMY
VOX
TRX
RDD
VIB
XVG


Right now I'm happy consolidating into the 4 major projects I have above with the remaining spread across other alts. I'm still just over 100% up from my original May 2017 investment (although I should be at least 5 x this! - hindsight eh?). Am I missing anything? Am I being too cautious? Until the market settles and we see a bullish return I am happy reducing my risks hence my portfolio diversification.

Your thoughts are appreciated,

Mark

Thanks for all your responses - that's very helpful.
Has anyone given up work to trade full time? Do you think that's possible? I think I could get by on $2000 a month.

Not bad although too much weight in BTC for decent profits IMO. V similar to mine.
What are your profit taking strategies?

It looks good - well done. The only thing I would suggest though is maybe widen the gap between the 24H winners coin and percentage gain - I feel they are too close together.

See the 'How do you secure your profits' thread.

Hi folks,

What do you use as your cash out / take profit strategy? Do you even have a strategy for taking profits?

I have been trading for the last 6 months and more than once I have been in a position, which in hindsight, where I should have 'cashed out' a significant portion of my portfolio, but I haven't.

The obvious strategy is to take out your original stake and just 'play' with house money after that. I also read that if you double your investment in a coin then sell half which seems quite obvious. However, I have a long term vision in place (mortgage/house purchase) which makes me more inclined to leave the majority of my portfolio exposed to the market. I use Blockfolio app which makes it easier to track my investments and until recently I was just skimming the profit off successful coins and reinvesting in sleeping giants. This strategy was working well until the price of BTC nosedived by around 50% 3 weeks ago which makes me think a regular profit taking Into FIAT strategy would be far more effective.

I plan to ride the alt train for as long as possible. I follow the market daily which makes me confident to hold fast through the hard times but I feel having some kind of profit road map is a good thing.

Thanks for your input.

I think this is still the very early stages for the majority of the Altcoin projects we are reading about. I expect BTC and ETH prices to stabilise (maybe around the current prices) and will be traded but I see more and more investment coming in to the altcoin sphere. Things will change sure but I expect the altcoin market to be healthy for the next 3-5 years.

What is the ticker for SpaceChain? Do they have a token? Is it on  Coinmarketcap?

The way I see it is that the inflating price of BTC we witnessed towards the end of November and throughout December could have been big business/governments buying up lots of BTC. Then in order to manipulate the price downwards to ensure the Futures contracts executed successfully, many of these BTC are sold. This would explain the fact that $50bn falls off the market in less than 1 hour around a week ago...

Thank you for all your input people - brilliant. Thank you.
Personally, I don't see it having that much of an impact other than keeping the bitcoin price within a range of 10-12k usd (right now) which is good for the rest of the eco system as a whole.

Not sure tbh. The optimist in me would like to see a surge of capital back into the market taking the overall market cap back to above 80 million with the corresponding flow through to the alts. The pessimist in me sees bitcoin range bound between 10-12k usd. How feasible would it be to manipulate short and then long future contracts? I suppose anything is possible? However, when I think about regulation it may not necessarily be a bad thing for the market as a stable bitcoin price could/should attract more capital to the altcoin ecosystem..