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RE: Take a Big Hit Yesterday in the Markets? Me Too! Then I Got it Back. Here's Your Opportunity to Also... Do What I Do - Spreadcoin SPR
That's a pretty solid strategy, might give it a go. What other coins does it do that with? All of them? I usually trade wallet to wallet BTW.
The Bittrex system always keeps the 24hr cycle up to date with all coins. I've never seen one flip from the biggest loss to the biggest gain though. Let's see how the sentiment of the crowd is when that flip happens! I would not do an off market trade here myself. Too much risk in getting confirmations. That fall off happened in 1 minute, you need to be ready to trade off in the moment for a quick trade. For a long position this is still a great buy....as long as bitcoin is still on the rise (and it won't be for much longer!)
Bottom feeding off the top losers on the Bittrex front page is a hell of a sound strategy if you have the time to dig in and pick the right coins. I hope this works out for you, I love the thought process behind this, good luck!
I spent all night digging unfortunately! Haha....bottom feeding, I like it! We are the small fish out here aren't we? Follow just along side the feeding frenzy, get fed, and get home!
would love to talk over some stratagies with you on steemspeak.com...come join me so i can converse and share ideas :)
Yeah I would like that, I followed you, would much appreciate the same. I have never used steemspeak so I will try it out tomorrow if I have the time. Thanks for your Interest!
but as i watched it from few days every time bitcoin raising spr going down even lower..
Please see Haejins chart posted above....it shows a newer low is to be reached before coming back up. It may not come back up until after the btc fall. This trade was specifically for a quick turn around. That chart was added to assist those who wanted to see a longer term situation. It's very difficult to address every possible scenario someone else could be in, that is why I posted that this is a risky trade, and based on a theory. For the long, I would be buying more SPR as it falls. If you're looking for a fundamental reason, it could be that many people who actually use SPR, not just trade it, use it specifically to replace btc due to it's more decentralized nature. It is possible the users are moving to btc for the profits at this time. Other than that....by the numbers, as the chart shows, we are going through a normal correction, just a sharp one, and it will be done correcting and resume upward sometime soon. That rise absolutely could be delayed by a btc fall, but it will have it's day again none the less.