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RE: Lay Down A Monster - Long Term Trends For BO$$ Profits
Oh Bitshares, it was the first crypto I actually did a ton of research on and bought, I will hold forever but its frustrating seeing it so low. I hope when the market wakes up again it starts to move. (I bought it in December so that tells you how much I know!)
I agree with you about Bitshares. It's frustrating to see quality projects drop as much or more than projects that appear to be much less solid. Stellar is another one that's taken a hit recently. I'm looking forward to an upturn in the near future for projects that have real value. I also think the market would benefit from seeing sketchy project fail to drive the money toward quality.
You know a lot! Bitshares is an incredible project with amazing technology. As you know, the market trades more on charts and sentiment at the moment, but eventually the value will be realized when prices are tagged to something tangible. I bought NEO at $30, $35, $40, $50, $55 only to see it go from $58 all the way to $13.75. (A 76% retracement) Luckily I believed in the project that I kept adding at $15, $20, $25 and then saw it explode to $200. Bitshares just had the same thing happen going from under $.04 to $1. (25X!!) before retracing 80%. I believe in this next bull run upcoming we will see it blow past its previous $1 high as in my opinion, we are extremely undervalued based on technology not sentiment. I just like you, added in December, but was happy to grab a lot more at $.20 In the long term the theme of decentralization and exchanges seems to be a winner and the logical choice from an individual and enterprise solution perspective will be Bitshares. I had to wait 5 painful months for NEO to move, but when it did, it showed I was a genius but the timing was off. Stay patient and we will both be happy we did!
Happy to hear your enthusiasm, patience is rare in the crypto world, I need to keep practicing how to be patient :)
I'm sure the investors of BTS love your unfaltering loyalty; but, even they might encourage you to not personalize trading assets, and, instead keep your eyes on the numbers.
Best regards!
Peace.
Appreciate the comments. I have made some edits as I realized that if you have not read all of my blog posts being that I have written extensive detailed posts on Bitshares, Stellar Lumens, NEO, Binance, Safex and others that it could certainly come off over promoting Digibyte. Quite frankly if I wrote on each, the post could be hundreds of pages so I wrote a little more on Digi as its my favorite for potential upcoming returns at its current price and added the other picks with the trends. The main point of the article was to tie the trends and weave in the movie Rounders.
In regard to Bitshares, I am keeping with the numbers as technology wise the numbers prove that the tech will far surpass its competitors as the trend of decentralized exchanges kick in, especially for Corporate use. If you have used any of Dan and Stan's platforms like Steem, you know the tech is great. They certainly have things to work on in simplifying the platform for the average user, but sometimes you have to skate to where the puck will be and not go where it is. As the trend plays out, Bitshares will have an opportunity to handle what the others currently can not and that makes it potentially a very good investment for the future especially at $500 Million when a month or so ago it was 5X higher. People loved it at $1, I love it better at $.20-$.21. Only time will tell, but its easy to have unfaltering loyalty when the project is setting itself up for long term success. I didn't panic with NEO and felt the same way about it when it dropped from $58 to $13.75. Only 5 months later I was rewarded for that faith on my continued investment that then ran to $200. Those numbers looked pretty good as I believe if we check back months from now the same will be the case.
Again thanks for the input and have made some edits with those in mind for other who hopefully will enjoy the information and the entertainment value of the post!
Best Regards as well!
I mean we all talk about great tech. And Bishares like Steemit is great tech but a small market like the crypto market (Just the Apple stock has twice the market cap of the entire crypto market) doesnt look at great tech. It trades based on rumor and gossip. Well Bitcoin does, and others mostly follow. Short term, anything goes. 80% up down now will mean nothing in the long run imo.
If the tech finds real life implementation then we can talk about tech affecting price significantly.
Until then you either trust the project and hold or be a day trader and gamble based on gossip and rumors. I mean all these market caps are miniscule. Most projects will fail but those that suceed will see crazy numbers. Im already looking for my picks and moving SBD into BTS.