RE: Cryptocurrencies Boom! The Next Bull Run & Cycle Discussion
Thank you for mentioning EOS. I am haunted by it, because I looked at EOS in November, when it was at 0,52$ and I didnt bought it. Since then I got more confident in it, that it might be a really fundamentally good project, but waited for a pullback. Check out this great article about it. Just as I started to accumulate EOS in March, it pooped and I stopped buying it. The more it goes up, there more I fear of missing out and come closer to just fucking market buy a shitload of it, just to have peace.
I got great entries to all my projects I am interested (well I just had to wait long enough) in and I mostly buy projects I think are fundamentally sound (not many). But this one I am missing... but your comment got me more confident in sticking to my rules and waiting for a pullback. Any advice on how to best handle this situation and feeling?
Other than that, I think we are already in an Altcoin cycle and mostly smart money has bought up the tokens. There is a good possibility that this bullrun can exceed the one in December and January, because the masses might rejoin, to participate in this run.
But I would be more happy, if we see a more steady growth of the segment, with the good projects leading the pack. And Bitcoin could need more higher price action in my opinion. But I am overall very happy with the market. Thanks for the great video and advice.
I have encountered this problem with ONT and SWH. My strategy was to wait for the first red (1hr, 6hr, or 1d) candle, and buy half position, then wait for days or weeks, buy rest of the half. The first half is the common advice "Never buy at all time highs", and the second part is hedging against more price drops that tend to happen after fast price increases (but this also reduces your potential gain).
I like ONT a lot too, luckily I have good a good entry in that. I am only missing a good EOS entry... and it didnt even dropped today during the BTC pullback...
I would look at AAPL stocks (weekly) during the 2013 drop. Crypto might do the same as adoption slowly grows.
Slow growth is actually really important, so that we can integrate technology properly, so things like Bitcoin $20 transaction fees don't happen. A book called "Slow finance" talks about the importance of slow growth.