Diversifying without buying and mining

betterthanmoney (25)in #bitcoin • 6 years ago

Brace for the bottom as critical support is tested.

There has been a lot of bad news within the past couple of months (Tether, SEC, Binance hack, Mt Gox, Google -, Facebook, Twitter banning ads...etc). People's confidence has been damaged significantly and I believe these are the seeds of a bigger correction.

The loss of confidence is reflected by the breaking of support levels which is a technical development that opens the doors to a fall all the way to the 5100 level. That is not guaranteed to happen, but if these trend lines start to fall, there is a high probability of much greater downside.

BTC is showing a bearish divergence + a rising wedge. Both, bearish signals BTC did manage to find support at strong support zone formed by $7,030 - $7,080 and MA100 level. Next support levels can be found at $6,900 and $6,800 if this doesn't hold.

For now, let's monitor the development of this bear flag, and the reaction around the charted historical support levels, to gauge the severity and probability of a deeper correction. If support is held at around $7000, then we should get a strong bounce.

It is tough to predict a bottom but if we fall below 7,000 there is a lot of support between the $4400 - $5000 price range for price to land.

5 Ways to earn coins without buying them

Diversification is an important tool to use when responding to bear market conditions. Below we list ways to get coins for little to no work:

Airdrops:
As projects launch sometimes they give away tokens to the public, Ontology (ONT) was airdropped to NEO owners, it Price has spiked 50% recently as its popularity grows
Prediction platforms:
Cindicator allows for people to download their mobile app and earn cryptocurrency for guessing or predicting the future of any possible event listed on the site correctly.
Bounties:
Some cryptocurrencies give crypto in return for work they need to be done these are typically referred to as bounty programs. They are a way for the community to give back and get paid while doing so.
Staking, Masternode hosting:
Mining on mobile

So hold on to the coins you believe and especially those that can grow while you hold them. Better yet, trade a few moments of your time for cypto and help predict well… crypto.

Researchers from the University of California San Diego have concluded that it pays better to mine cryptocurrencies than to speculate on them. The researchers found that income from mining a random altcoin is at less risk than earnings from speculation.

During the seven-day controlled research, the team found that the average daily return for mining was between 7% and 18% while speculating generated between -1% and 0.5% income.

The moral of the story is that we should strive to rebalance our portfolio in crypto like any other. And like in any other investment the strategy of diversifying is key to both maximizing gains and diminishing losses

Electroneum had the launch of the mobile miner March 5th, 2018, followed by the launch of Electroneum and trading also launched this month on KuCoin.

Numerous deals have been signed with mobile phone companies taking Electroneum’s user reach to over 100 million people, new notable team members have been added and there are now over a million Electroneum wallets.

Mining on your phone!

Electroneum had the launch of the mobile miner March 5th, 2018, followed by the launch of Electroneum and trading also launched this month on KuCoin.

Competitive Advantages
Firstly, they have a unique product in terms of the mobile mining app. Electroneum has established itself as the big — and really the only — player in its niche.
Secondly, it still has a massive following behind it in terms of social media fans.

The team has grown considerably from the ICO days and they now have some top talent from the worlds of business, programming and blockchain technology.

Here’s how to get started:
Step 1: Download Electronuem app here
Step 2: Set up a wallet and save your private keys and pins
Step 3: Run the application (You got to press Start Mining)
Step 4: Get Coins!

Most of the major milestones on the roadmap have been achieved. It shouldn’t be long before reléase of the iPhone app. If they can get the payment solutions set up so people can pay for things with the Electroneum that they mine, ETN could really fly.

Depending on price change alone as a tool for portfolio growth means that you must enter the market at the perfect bottom. Psychologically this is difficult and practically it is an art as much as it is a science.

All of these alternative sources of coins are worth considering. While buying the dip is important so is taking a diversified approach to maximizing gains and diminishing losses.

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