re: Goal: No Sell Bitcoin 2018 Looks like Bitcoin dominance for the first time since I can remember has dropped below 50%
My guess are the Bitcoin whales have been moving into every top 100 altcoin which would explain the crazy bull run with nearly every alt. It seems like they are timing this with the difficulty changes between BTC/BCash
Coinbase will be releasing bitcoin cash the first week of January and my guess is the Bitcoin whales are well aware of this. My guess is they will buy back into Bitcoin before everyone starts dumping their BCash.
Right now BCash is about 70% more profitable to mine than Bitcoin so if you follow the difficulty changes in the next few days, or up to a week you can predict a good time to sell your Alts back to BTC or purchase BTC, before the prices skew in favor of Bitcoin again. https://whattomine.com/asic
I think the Bitcoin whales will be moving back into Bitcoin within the next 10 days so be cautious about holding Alts, especially if you recently bought any at the top. If you're looking to purchase Bitcoin soon, within the next 10 days should give you a good entry, follow the difficulty with the URL above and once BTC starts becoming just as profitable as BCash, that may be a good buying at the dip opportunity.
Remember the BTC downturns are usually short lived, 1-3 days from my experience, so watch it closely! :bird: |