I do not like what I see with the price mouvement. I know BTC is rising, but XEM has been stagnant for months now... what's cooking guys ?!
All this bump @ BTC is caused by BitcoinGold fork, and many (street but also Jamie Dimon hahah) buy Bitcoin this time, because of free new Bitcoins. But Litecoin can grow, and XEM in some way not(market signals that clearly). So i have moved my pending buy orders down to 1600-2400sat area. I dont want to buy some XEMs at higher price, when market can give me them cheaper. We must also remember that this Bitcoins run should end with crash as always, and where will be price of XEM after this crash? Highest posibility is for now 1-5cents area, of course without any fundamental good news from NEM Foundation side (Let's look what was with price of XEM after drop @BTCUSD from 5000 to 3000, i saw drop from 34cents to 16cents in XEMUSD). And i bet there will be for now no good fundamental news at all. Sad to say but for me there is no chances for 1$ or higher in this year, nor to be higher than Ethereum in terms of marketcap. Maybe in the next year (after bloody dump below 10cents mark). My main stack of XEMs stays of course untouched, cause i can be wrong in my opinion, so dont want to lose possibilities in longterm run. I dont sell it when it drops, only when it's bumped:)
Do you mean that there will happen the similar case as it was with the BitcoinCash?
That there will be new BTC-alt, and every BTC is doubled to the alt ?
Edit: was there a whole day without any posts ... ;-/
There is some similarity, but timing looks now not so similar. Pumping of BTC has started now much earlier before fork, because now market players are more confident than last time, that when they buy BTC, they will earn by selling BitcoinGold. Of course things can turn out badly for them if dark forces of market will manipulate media informations sphere, causing crashes in BTCUSD. Who knows. Nothing should happen two times, but when it happens, it becomes a common rule. For me it's like visit in casino, so i dont buy Bitcoins to get the other Bitcoin, i only speculate to buy Bitcoin cheaper and sell higher, when i see potential for growth, Basically i try to look at Technical Analysis first as a base of decision. Now as price is near 6000USD i see high risk of buying Bitcoins so high, as this wave can end so badly as the wave of XEMUSD and XEMBTC in May/June. Bitcoin is overpumped, and that should result with crashes in the near future. Other thing is that even overpumped things, can be more overpumped. And flashcrashes after that are more painful for so called trendplayers. So now i seek signal from BTCUSD chart to close my longs. For now i see good uptrend, but this uptrend can end fast and unexpected as always.