Quote:
Originally Posted by crucifissio
The penny shit coins is where it's at now...psychology says new investors will want to buy cheap shit...also whales will want to diversify and cheap shit coins are a no brainier for them...Bitcoin is too big to inflate but altcoins are not...I call them shit coins...
IMO you will see more money if you sell your BTC and buy lots of various penny coins and go long...an alt can grow 100% in one day but BTC can't...
People will move to Alt and BTC will have a much smaller cap...
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I agree with the psychology. We are still above the 21 DEMA. The high today is $17364, and a move above that is another buy signal. The trend is still up. I would hedge, but it's not time to sell. If that line is broken, there are always futures and options contracts to hedge positions with as well.