It's OVER for the CRYPTO.
As of December 2017, there is no more "fairy land".
We are officially upgrading to the land of dwarves, elves and goblins... oh, and the kings ... (10% - 500% daily moves aren't really "normal").
You need to be especially aware of the mad king ruling the kingdom (institutional trading) and decide for yourself how exactly you are going to be "behaving" in this market.
What am I on about?
(In case you think that I had something dodgy to eat this morning and want some of it... 😂)
Simply, as of now, you can expect "the moves" to be more rational.
The growth will be a lot more "predictable", with the usual, cyclical Ups 💹and Downs 〽️. #lawofcycles
We are already seeing coins with larger caps following technical analysis rather nicely, although you have got to be aware that the FUNDAMENTALS are a LOT more IMPACTFUL in THIS space, than in traditional markets.
Sometimes your chart may tell you "MOON", but then 1 piece of news from China and it's a "GAME OVER" (if you are panicky, and have a silly idea to come out at a loss).
One thing is to stop believing in coin due to their lack of progress...
and another, to PANIC, just because of some short term correction!
Now, going back quickly to the "MAD KING".
There will be a lot more "sudden" reversals from here on, since institutional traders have their objectives, that need to be met before certain dates.
And with the support of the mainstream media, they will be able to very quickly adjust the market to match their numbers.
So what to do?
LONG TERM HODL strategy is still by far the best option when you weigh all the pros and cons (your own sanity & health including).
Although here you could potentially be missing out by not capitilizing on the reversals.
A different strategy would be for example to EXIT the market completely at 5-10x your money, wait for a DROP, and buy back cheaper.
Everyone can of course NOW say...
"had I sold back in December, waited, and bought back 2 days ago, I would have been sitting on a huge profit vs the rest of the market".
Well, YES...
This is why, realistically, with this strategy you have to be prepared that your TIMING is likely to be WAY OFF.
It could very much work, and I am studying the "medium term HODLs" a lot more these days...
However you do have to be prepared that you could EXIT something, right before the BIG RAISE.
Here, you need to have a BETTER understanding of what your coins are working on...
Like the NEWS from Stratis, Neblio or Litecoin recently, you wanna be sure that you don't exit too early.
"So WHAT can I be doing every single day, if you are basically telling me NOT to stare at the charts and trade?"
Find something, you can be making money from, day in, day out... not matter where the market is today... or tomorrow!
Talk CHARGE of your future.
just some food for thought ....
#rationalcrypto #toylambos #cryptopanic #moonmaybesoon #beincointrol #intentional