Crytocurrencies Investing - New Life after a bloody market
Another day, another opportunity to invest or not!
Watching the cryptocurrency bloody market yesterday is not fun, but today is a different day don't you think?
Some investors love the opportunity to invest from recent dive of cryptocurrency but I'm sure some are not happy. I'm expecting this to happen for Bitcoin (BTC) due to up coming update to segwit or segwit2, but seeing the effect to the entire cryptocurrencies is mind blowing.
In my humble opinion, this is not done yet. The update of bitcoin hasn't happen yet, so another wave is about to happen soon.
As investor, I prepare to this scenario and plan for strategy of investment. I read, read, read then research more to learn, and trying to forecast my next action.
Care to share your investing strategy?
Follow me @Yehey
Thank you.
thanks for sharing ..its great time to invest..
As always, invest wisely :)
yes...thank you for the reply
One strategy could be to invest into ETH not putting in fiat but change part of your BTC into it. The unsure future of BTC could cause the migration of investors from BTC to ETH approaching 1.st August. Then once BTC future is clear it is expected that BTC price will go back up again, at that point it would be good to jump back to the BTC. However in these last days the market shows the strength of BTC, event BTC is the one expecting fork it keeps its value quite well comparing it to other coins, so IMO, don't panic and just hold Is also a good strategy.
We still don't know if a split will happen.
Easier said than done...especially if bitcoin drops below $2000 on the current wave of selling. As bitcoin goes so goes the rest of them. A "more appropriate" way to do it would be to wait for the overall commentary here to turn from the current "hopeful" to "fearful." You haven't even experienced fear yet if you bought BTC in calendar year 2017. You will though.
My pocket felt it :)
Right now ETH not doing better but it will back to it's normal range.
If you say so. I'm wondering if Bitcoin isn't going to get "fat fingered" like ETH did. It's very easy for the computerized trading wizards who control price to do so in an unregulated market. If you are a "long termer" holding bitcoin you "might" want to cxl all stop loss orders. Since only 7 people in the room full of 100 only get the blessing of the data miners to exit through the emergency exit...there's no telling where your order would be filt if they in fact do to bitcoin what they did to ETH.
Thanks for sharing your insight, highly appreciated.
No problem. I'm pretty good at tracking sentiment at any given time so if you would like to know when it is "actually" time to buy...please follow along. Nobody gets kilt in ANY asset I personally track. I put the word "gauranteed" on every box I ship. :-)
I just followed you to pick your brain.
Rut roh, my brain was officially picked clean back in 2003. Nowadays I just wing it without even thinking. :-)
LTC is super strong. Would be a shame not to invest in any LTC right now. Ooops forgot to include Dash as well. Thanks to masternodes people tend to hold Dash rather than panick sell.
I personally stop investing LTC. I don't see added value except being another crypto currency.
Please share your vision, why will i invest in LTC?
LTC added value is better performance than BTC, a natural replacement for BTC if it goes into troubles, well known and 2nd crypto coin, afordable price at this stage. If crypto goes mainstream there will be space for more coins and not only BTC. LTC will be one of them. Just my opinion, no one knows the future.
So LTC as alternative to BTC, but we have 900+ alternative cryptocurrencies. Sorry, I'm still not convince.
I like Ethereum because it is actually use as platform not just crypto. I like Ripple because they intend to replace SWIFT bank to bank transfers, I like STEEM because it is use in steemit community and I like other coins with intrinsic value.
In my humble opinion, I don't invest to "hype". I invest with foundation to hold on it's on.
Peace and love.
@Yehey
Everyone can like or dislike any coin from 800+ coins out there ;) no problems at all.
I absolutely agree with you Yehey.. As a financial adviser watching the stock markets..we know that price is always about hype and speculation and not about intrinsic value... You may make money on even bad coins with no development teams or uses but it will not weather the storms of the future.
Peace and love.
Best of luck to you.