Outlook for Helium HNT the next few months?

[Sergeant Major]

Let me start by saying I couldn't care less what Helium HNT is useful for.  All I care about is buy low + sell high = PROFIT.

I had a nice run up in my crypto trading account last month, sold everything I had when coin prices peaked to have $17K in my account in stablecoin USDC.

After seeing Helium reliably swing up and down and up and down the last few months, and after missing the last price pop from $5.30 to $6.30 by mere hours, I decided that the next price dip to $5.30, I'd go all in on HNT.

So it dipped, I bought, and then over the next day...

IT DIPPED ANOTHER $1.30!!!!!

After the heart palpitations subsided and the weekend was over, HNT started a nice climb today back to $5.20.  I felt better.  Then it dipped to the low $4's again.

I'm confident that HNT will surge over $6 again, but the sooner the better, so I can profit out of it with a mild gain.

If I had many BTC to spare, this kind of trading complication wouldn't be such a big deal.  But when going all in with the whole $17K like this, there can't be any screwups.

If I'd waited 24 more hours to buy in, I'd have bought the dip.  And would be a lot less stressed right now!

[1714473084]

1714473084

[wheelz1200]

Honestly nobody knows and that isn't because of helium but more the market as a whole.  If bitcoin surges then so will all of these other coins.  World events will also shape what happens out there.  As Iran shot missiles at Israel and people braxlced for a world War all crypto dumped.  So no matter what anyone says in here no one really knows.  My guess is a lot of sideways trading for awhile while the world settles out what they have to

[BitMaxz]

That's a pretty risky trade and I don't think it's trading what you did is invest in HNT you didn't use any trading skills you need to diversify and always set a stop loss to avoid potential losses while holding this coin during bearish season.

Also, take note of this coin it is a POC coin or a proof of coverage and can be mined using a hotspot. Hnt is a reward to those who own a hotspot connected to their network.

[Sergeant Major]

HNT was a reward coin for hotspot mining.  I have 10 hotspots.  Over a year ago HNT stopped being mineable.  Now the hotspots mine IOT, and that can be traded for HNT in the Helium phone app.

I'm looking at financial markets and watching youtube channels of financial people.  The Fed started off the year claiming there'd be 3 interest rate reductions this year.  At this time, inflation is actually rising, so there aren't going to be any rate cuts until at least July, and no way will there be 3 cuts this year.

Generally, I've noticed that when the economy does worse, crypto prices rise, and when the economy does better, crypto prices usually fall.

Right now the liberal media is doing all they can to talk biden into a second term (Sorry, I only capitalize the names of presidents who were elected and not INSTALLED, it is just one of my things....).  So we aren't going to get any straight answers from the mainstream press anytime soon.  I've been off work since October and have had a hell of a time finding new IT work, despite many applications and interviews, yes the media claims huge job hiring, which is complete BS.  Maybe at Taco Bell but not for people of my skill level.

In previous Bitcoin halvenings, sometimes the price pops right away, the last time it took the better part of a year to surge up.

[wxa7115]

No one really has the answer to this, I mean since you care nothing about the use case of a coin and you are just speculating with it, we cannot really know if HNT will recover during the next months, so you are completely dependent on the overall trend of this market.

So if during the next months bitcoin goes up in value then you may recover your money and even profit a little bit, but if we have a couple of quiet months then you may get desperate and sell for a loss.

[MAAManda]

You made this topic yesterday where the price of Bitcoin (BTC) experienced an unclear correction, you also said you don't care about use cases or other fundamental things, just want to buy low and sell high = profit

Honestly, it makes me laugh, because if Bitcoin (BTC) hits below $60K again, you'll probably find your Helium (HNT) hovering around $3+, I don't mean to judge, but you're an unwise investor, don't think much before going all-in.