Also keep in mind that today is a red day for most alts cos bitcoin took a dip. There is major depreciation on almost every coin on coinmarketcap top 100.
Monday, i think we will see some altcoins price correction in a few days. All market in red now, and its a good opportunity to buy some perspective coins. MGO will rise after bittrex will solve deposit problems.
Lol at a certain point you HAVE to start looking at least statistically, and if you've been in cryptos long enough, you'd see a spooky trend occurring. Honestly it's not the end all BUT it really hurts psychologically to know you're 'down' 30k due to poor timing, and now you have to buy a ton at the bottom to hope to lower dollar-avg.
True!
I invested $1,000,000 into MGO because I a) believed into the team b) believed into the project.
This is why I'm going to believe in MGO, even if price will drop to $0.001. I don't care.
Good luck to all of us!
I
absolutely believe in the long-term project of MGO, however I think (honestly the teams behind most of these coins are partially to blame) since the tokens are pegged to a volatile system, when the project is still completely speculative it just rubs salt in the wound knowing had you waited, you coulda gotten in (sometimes!) even lower than ICO!!!!
I sold most of my MGO at $1, so I could buy back in right now for easy 25% but too scared we're gonna see $0.50/MGO...
I remember like 3x I saw BTC start mooning seemingly out of nowhere, sometimes I got in early, sometimes late...either way BTC is way higher now than it was then. the
overall point though, is it hurts your head to know you spent 100k on some tokens, only to learn that if you paid attention to the trends you could've gotten 2-4x the tokens for the same 100k.
I see the same trends I saw in earlier btc a few years back...same trend that precedes a bear market in stocks...comms etc.
It just seems like too many people are going "dats FUD git aht FUDSTER *insert-token-here* well be WAI hiher to the moone tomorrow!"
You keep telling yourself something without questioning
WHY and you're gonna lose.
Friendly forecast; MOST of the money that blew this bubble up (while many called bubble-talk FUD...) was NOT nerds with interest in cryptos, they were people who saw how much money many of us had made off of $1 tokens hitting $30.
With THAT kind of 'traditional' money holding something up, you better believe at least 50% (but probably higher) will liquidate rather than watch their capital drop further...even if they know the actual trends (1yr+ for moons) they're not gonna wait 4 months for their token to regain value opposed to liquidating, getting 5-10% somewhere else and putting back in at bottom.
The market is testing bottoms now, and I'm telling you I've seen it so many times before it's not a guarantee, but I'm betting 80%+ that the market is about to drop much further, then sit for a minute, THATS when we buy back in...then wait 1-2 months for next bull rush.
Super depressing to see the market come to such a reality check...but honestly it's also relieving because now predictions can be made FAR more accurately when it's behaving rationally.
$15-$395 in a few months for ETH is NOT rational, and NOT natural.
Hence the current trends and counting =(