UPDATE: Cryptocurrency Investing Strategy – August 2018

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Here’s my take on how cryptocurrency investors might wish to try and manoeuvre August 2018. Enjoy!

DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.

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Comments

Steve Paguay says:

BitRewards now on CoinMarketCap!

Powan Scotts says:

I was able to increase my 5btc to 35Btc in the space of 1month with the help of Charles Garry who is a Pro Trader and has been helping Novice crypto investors showing them ways to trade their Bitcoin, he is down to earth and always ready to serve, tho He charged me after I made profits, but it was worth it. Y'all can reach out to him through His Telegramm +1(631)620-6929, HANGOUTS/Mail (charlesgarry95 @gmail. com)

mentugo says:

I pretty much share your thoughts:I think the ETF will be postponed maybe even dismissed – Should it be postponed money might backflow into alts – should it be dismissed right away BTC will go down and alts will be crushed further. We were in a Downtrend until this ETF announcement brought whales back to play a little 😉 But I assume they take their money and their gains quickly out of this market if the news are bearish. In this case expect the cryptomarket cap go down to at least 250 billions.

Mark Tonkin says:

Australia welcomes you with open arms mate!!

Андрей Митин says:

Great video, thanks) how do you think a lot of profit will give feniks finans?

Queen Boadicea says:

So you think the price of Bitcoin and other cryptos will collapse if an ETF is refused. It that is the case then it just shows how fragile the whole Bitcoin deck of cards is. You're basically saying you need mainstream financial industry security instruments to prop up a currency based on a decentralised philosophy. How ironic.

A Bitcoin Exchange Traded Note (ETN) & an Ethereum Exchange Traded Note (ETN) have been available in the UK for some time. An ETN is very similar to an ETF. It has not made any difference to price and investors have not 'piled in'. The ETF story has been hyped up by naive, wannabe financial journalists who all of a sudden think they know how markets work. I genuinely feel sorry for those hard working millennials who are being fleeced out of their money by this scam. Yes, I said it, scam.

Pocketful of Cryptos Crypto-Cube says:

Hi Louis
Thank's for your point of view.
Since btc-futures moved into financial world, the btc market price should influenced moreover by other variables & not exclusively based on crypto-market supply & demand actions.
Buying bitcoin around 5'000 – 8'000.-$ could come to be a "nonstarter" comparing with some other qualified Altcoins between 50 cents & 300.-$. Could it be that the ROI (return of investment) will become larger among the last ones that mentioned, couldn't it?
I think it is a favored time for buying altcoins at deeper & deeper prices, if you have the time and the love to "hodl" it.
Keep up the good work!
Kindest regards
Crypto-Cube

Paul Cranwell says:

Drop by Adelaide when you are in Australia!

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Mark Snare says:

2.10 that was ravencoin chipping in!!

Edward Padiarov says:

Hi Luis,
Will you have time to meet with your subscribers in Australia?
Thanks

Food Ninja says:

Cardano 2020

Chris M says:

The crypto market has no small movements.. it reacts strongly in either direction because it's a new frontier and investors are nervous. I'm pulling for this Bitcoin ETF.. but if it does not happen I don't think it'll plunge too far.. investors will retreat for a couple weeks then it'll stabilize. I don't think crypto is going anywhere.

avq5 says:

Thanks for the awesome insight. Great backdrop.

Romac Mi says:

In short term an ETF definitely sets BTC apart from ALTs. As only the funds can invest in BTC alone. Maybe the decision might help legitimise the whole market and get retail investers back in .

sunking25 says:

Does anyone else pronounce ALT like Louis does?

Trevor Ian Donald Jackson says:

XLM, all the way.

Blackman Cooks says:

Except a person is trying to use crypto to feed their family, the person should be dollar cost average on their favorite alt coins. In a year or less, these altcoins are going to make people rich. Eventually people are not going to be able to buy one whole Bitcoins so they will be looking at other coins. It's the psychology of whole numbers. People love whole numbers so I am long Bitcoin but very, very, very long Altcoins in the longer term. Being down 90-95% is just awesome and if they keep going down, I will keep adding to my bags. Here's to be being a millionaire in the next bull run!

Paul Rigg says:

Great videos and contents. Well done son.

Arman Teker says:

Where in Australia are you coming to?

mainframe 386 says:

We are witnessing the culling of the shitcoins,. We knew 99 percent of them were going to zero eventually. The real coins being adopted by big business, banks and governments will be the winners starting with bitcoin.

Jim Scheltema says:

Do they allow camping there? Seems like you are always in the same place now!

Mike says:

Shit coiners will be shit coiners and will eventually lose all their money. No point worrying about them.

Mike says:

ETF decision bumped to September already….

Seven96Eleven says:

READ THIS: The ETF decision can be delayed until around mid/end february. The SEC has certain deadline which it can delay a few times (=until mid/end february). It's most probably that they will announce their decision as late as possible (comparison to last ETF-decision in march 2017). It's most likely that the SEC will approve the ETF, but they won't do it without taking their time. COme on guys, don't be naive: we are talking about an ETF, not some unimportant decision.

Henrik Kugelberg says:

Thank you for laying it out in this tangible way! Passed this on to my mining associates. And thank you for showing the actual Monty Python Holy Grail style killing and growling, I’ll sleep better this night! Haha

Never Yield says:

It's like listening to the inner monologue of someone who does not know whether he still believes in crypto. I have not changed anything about my crypto portfolio since January 1st. and do not see any reason to act in anyway. Have a plan, then stick to the plan.

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