Thank you for this @cryptographic.
I am surprised to see such a high number this run....I would think that just past $10K would give a decent pullback. What are you basing your project on...I know it isnt elliot wave....do you use fib ratios?
As for the store of wealth, consensus seems to be a powerful thing.
I will keep an eye out on your targets, I am going to lighten up a bit on BTC and put a bit more into BTS....I think that will net a better return in the next 18 months.
We're only $800 USD away now. Getting close, and keeping with a parabolic blow-off profile.
The numbers are derived from Fib analysis based on previous BTC price action - what this particular market likes to do.
I'm lightening up too. Not on BTC, since I don't have BTC, but ADA has run a bit, and I'm taking profits on that as well as on a couple of other things. LTC is hitting 100. In the last 24 hours I have rebalanced my portfolio and taken around 8% "off the top" and actually converted to fiat. A nice little payday for all my work. They come around once in a while. Maybe a new car and a nice Caribbean vacation - could be a memorable Christmas - or maybe I'll just put it in the bank. Always nice to have some spare cash sitting around.
Congrats to you on the pocketing of some fiat based upon the moves your holdings made. You can never go wrong banking some profits.
It is interesting that you are pulling out and, it appears, not looking to get back in on a pullback. I mean, it is fine since you have other intentions with the money. Most on here like to play the ebb and flows and use their cash for a larger position.
I view cryptos as a huge opportunity going into 2018 with since Wall Street is on the way and they are going to pile into most everything that isnt nailed down. Sure some of the alt coins wont receive as much yet they will still receive something.
I firmly believe your STEEM holding will do great in 2018.
It was only around 8% of my total portfolio, and mostly from a big move on one of the least attrative risk/rewards I have in crypto. In essence, it was part of a portfolio rebalancing that was wise to do. Increased my STEEM position by almost 100% as well - not all is here as some will be traded on the next pop. Not pulling out at all. I'm a long termer, but I like to try and benefit from the major swings too. And pay myself a bonus now and again.
It's time to celebrate a bit. I've bagged the equivalent of a 200x in 2017. It's time to splurge. Christmas will be the merrier for it! 🙂
There is no way to argue with those results. A 200x return is 20000%....that does make for a very nice Christmas and New Years and Labor Day and Easter and Arbor day and anything else you can think of.
And with Wall Street coming, depending upon what you are holding, I think you are going to realize a sensational return in 2018 also.
Mighty fine work......
Any pointers for one who didnt hit 200x in 2017?
Stay with the best of the best that still are undervalued, aka, STEEM, BTS, SYS, ADA, GRS which are my top 5.
Uh, well, when it was all said and done and the dust settled, ahem, once I updated the spread sheets, I ended up taking just a little more than 10% off the table. I can live with that. 😅
Oh, and just to be fair, I've also bought BitUSD - about a 5% portfolio position.
Very good @cryptographic.
I am going to look at some of the others you mentioned. I am already sitting very nice with BTS (although could use more) and STEEM is rounding out nicely.
If @haejin is correct on his run for BTC, I might take some off at $13K and spread it into a couple of the alt coins you mentioned.
Question: Do you think it worth to add some EOS or would you say with BTS and STEEM I am too Danned already?
I'm too Danned already too! Personally I prefer the risk/reward for BTS and STEEM many times over EOS. After all, BTS and STEEM are proven viable businesses, and EOS is still in early development. And BTS and STEEM even have better appreciation potential. I'm letting EOS wait.
@cryptographic congratulations on this. Its great to hear you are taking profits from all the hard work you have been doing. Since when you started with crypto? Before crypto were you with stocks, or a complete different industry?
I appreciate a lot all your help with the technical analysis. Upvoted. @gold84
I've got lots of experience in financial markets going way back starting with a stint on a US exchange just out of college. I started in crypto around this time in 2013, mining DOGE. 😜 Over time I somehow "became" a teacher by profession - English and Computer Science - and I've taught just about everywhere from secondary school, to colleges, to the corporate world.
Very interesting @cryptographic , so you were able to buy the first steem at 10 cents or something? @gold84
By the way, I made a post today regarding @utopian-io and mentioned you, and added you as an example of how you can take advantage of it with a win to win situation for the steemit community, @utopian-io and yourself. Here it is:
https://steemit.com/utopian-io/@gold84/looks-like-an-utopy-no-its-not-it-is-utopian-io-that-will-help-you-get-more-rewards-by-posting-quality-suggestions-tutorials#comments
Once you get a chance to look at it, and see the tutotial video from @aggroed I thin it will be very easy for you to give it a try.
No, I actually bought my first STEEM closer to $1.00. 😕
@cryptographic Being early on crypto has given you lots of experience and I detected your knowledge when I read some of your comments and posts a few months ago. @gold84
By the way, I mentioned you in my latest post were I explain the basics of @utopian-io:
https://steemit.com/utopian-io/@gold84/looks-like-an-utopy-no-its-not-it-is-utopian-io-that-will-help-you-get-more-rewards-by-posting-quality-suggestions-tutorials