sabirdeux

Increase position in SC

Long
sabirdeux Updated   
POLONIEX:SCBTC   Siacoin / Bitcoin
I have discussed in my previous post my position of SC: However, the bull market stopped at 1.414 before correcting. This was mainly due to the fact that BTC has reached new high and many traders were buying BTC by selling SC . This allowed for some of us to increase their position in SC / BTC and for all holders to increase the target price.

Why don't you sell your SC? For the simple reason that the intrinsic value didn't change and it merits a higher price from the current one. Also BTC will be soon less interesting at the price 3001.87$. So instead of trying to catch a bull movement that is near to it's end, I prefere to increase my position of SC which is affordable to a more interesting price.

So this time, I have set up a more carefull strategy where I'll sell my holdings using three levels : 40% of my cap at 1.272 (0.00000803), 50% at 1.414 (0.00000841) and the remaining at 1.618 (0.00000891).

What after the sell? I will wait for the correction to enter another time (a 50% of the new high will do the job)
Comment: Another reason to buy SC now at the price of market is the demo of minebox that will be presented today at the event HPediscover.
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