I am hearing so many people say that BTC is dead and Bitcoin Cash or Bitcoin Gold is going to replace it. I am not saying I know everything but I have been around and been trading stocks and mining since before Asics. I purchased my first Bitcoin at $90. With that, I really believe that Bitcoin is the standard crypto that should be watched. I feel it is a lot like the DOW. Back in the .com days, I head that the NASDAQ was way superior to the DOW. But, I always did my analysis of the market by looking at the DOW charts. That analysis served me very well and kept me out of trouble when the bubble started to burst. I look at BTC the same way. This is just my thinking and I believe it to be true. So, trust in BTC for the overall crypto markets and let that help you decided when to be in the crypto market and when not to be in the market. I believe it is more important to know when to be out of the market. That is the hard part. Let BTC show you the way.
BTC is actually the inverse futures of alt coins and right now we are finding out that so is BCH. When BTC and BCH go up big, like right now with bch, savvy investors are dumping all alt coins and buying BTC or BCH. In a day or 2, they will sell BCH and buy again alt coins. You can do the same or buy more alt coins when they’re down 30%
MahyarDean
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BCH is better but BTC is not going to die.
ADA is the superior blockchain technology will be HUGE in 2018
toomanyusernam2
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So you are saying do not fall into the trap of buying alt coin whilst BTC is down?
BillBrock
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@toomanyusernam2, I am not saying that you should not buy when BTC is down. I am saying look at the overall trend of BTC to know when to be in and when to be out. Trend lines are your friend. Look for longer term break outs or break downs in BTC. That will help you to know when to be in and when to be out of the market.
BillBrock
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Well I posted this the other day and things are not looking too good for BTC. The 1 day chart has broken a long trend. I believe this is my signal to go all cash and sit out and let things settle down. Good luck everyone. See you on the other side.
BillBrock
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Sorry about the ADA chart. This is my first post on this site. Did not know it took the chart you were looking at. By the way, I was the president of completetrader.com years ago. Not sure if anyone on here ever joined that site, but we were doing technical analysis years ago.
TGTX
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@BillBrock, I was a subscriber years ago. I’d like to exchange contact info with you to discuss the indicators that we used.
Supertraderboy
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Bit coin hasn't been hacked or hada security failure or big tech problems . That is a super bad ass crypto esp. for the first. Time is catching up but its still the king. It is the anchor if it were unstable the whole crypto market would be a mess. It is not wise to ride one crypto any more.