An Investment Insight To My Steemit Friends That Will Listen
A lot of investors don't like to share their plans because it will drive the market in a direction opposite they want, but this is Steemit people, so let's get real Haha. I'm here to help, so heed my advice with a grain of skepticism. This is a litecoin chart vs. bitcoin:
Let me take extra notes here for you:
- We know bitcoin is at a low right now and it will indeed POP again within the next few months. Bitcoin drives the crypto market, usually moving first before any other currencies.
- Now, notice the pop down in the chart above after min < .01. That day bitcoin jumped about 400 dollars. That is why there was a pop down. When this happens again, and it will, we will most likely see this minimum again.
- Litecoin compared to the USD is sturdy (and low right now). Either way it is a good investment!
My Trading Advice
This below will be my buy and sell. The reason I like poloniex.com is that the fees are negligible!
- Buy is set to 30 LTC at a price of .33 BTC. If this buy goes through:
- Sell is set to 30 LTC (about, a little less) at a price of .0176 (close to the max) for .528 BTC.
- If this doesn't happen, then oh well, no harm no foul.
Notice this leaves us a net profit of .528 - .33 = .198 BTC which is a hell of a lot if I do say so myself. Right now, this is worth about $750, but it may be worth 10x that one day! So, you see my point hopefully. Trade well!
Note
This trade takes patience! If you do not have disposable income, then do not do it because it can take months! Do not buy/sell in fear!
