What's up STACKERS!
Have you been checkin' out the Cryptocurrency Charts this month? Well, the only thing I can say is WOW!
Bitcoin has been on the rise for the past few weeks and Bitcoin just hit $7900! š²
The higher Bitcoin goes from here... the higher the bottom may be in and that price may be around $5000-6000.
I really don't want to say it but I think we won't ever see Bitcoin under $5000 every again. š¤¦
I'm thinking I have a case of that so called "FOMO" like everyone is experiencing right now!! š
In my opinion, Bitcoin needs a massive pullback (correction) to be healthy. When that will be? Only the Crypto Gods know for sure.
So Charles, What about the Alts Coins?
When you see Bitcoin Dominance rise pretty high (currently 60% - 70%), you can see lots of money flowing into the ALTS coins when it corrects back down.
For Example, this happened to Steem in November 2017! Bitcoin was at $10,000 and the price of Steem was still under a $1!!
Then BOOM... 2 months later, Steem and ALTS Exploded. Steem went as high as $7 FROM $1. š¤ š°
However, I'm still cautious and not currently buying Bitcoin at these prices at all during this FOMO stage. š±
Yeah, we can see it go to $10,000 soon but I rather wait for a huge pull back whenever that happens.
That may be back to 7k from 10k. I rather see some kinda confirmation and not get involved in the FOMO.
This is not financial Advice, I might be totally wrong. šš¤£šš¤£
Keep On STACKIN! š Charles FuchsFor those who's interested in following my "Content" and "Daily" Posts... you can just follow me to get my updates.
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