The Markets Are In the Midst of a Beatdown Once Again
Could it be down to Trump's comments regarding his stance on crypto? Or maybe the fact that Bitcoin was due a pullback and thus the whole market, as per usual, is feeling it hard? Whatever the case maybe, we are again in the double digit loss territory across the board. And ain't nobody safe this time. Even some of the more "popular" altcoin choices out there.
It just goes to prove that no matter how resilient a chosen token may look against BTC, we're all in the same boat here. Prices are at rock bottom at this point and depending on which side of the fence you sit, it could either be a whole lotta bagholding or the opportunity of a lifetime in crypto once more. I guess I'm in the camp of either side right now. I'll be adding to my portfolio whilst taking a floating loss "hit" on my main stake. Regardless, these are exciting and crazy times to be involved in crypto.
The $10,000 level in Bitcoin and below offer up attractive buying opportunities is you wanna add to your stash. But, as mad as it sounds, I'd rather increase my holdings in STEEM. Again as I've said in the past, the fact speak volumes. We could very well all be wrong on this one but everything points to STEEM being extremely undervalued right now. And of course, the same can be said of other key alts that have similarly interesting activity within their blockchains as we do.
Time to run for the hills or accumulate? Given what's happened in the past, this is an extreme "buy zone" for us all. I know the feeling of having missed the boat in the past. I don't intend to let that slide again. Huge losses across the board, guys. The discounts on the crypto markets couldn't be more obvious right now.
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What are you buying next to BTC and STEEM? Anything else?
I'd say Cardano also looks like quite a good buy, to be honest. :)
How do you know that prices are at rock bottom? Seems to me they could fall quite a bit more.
Given how far prices have fallen, STEEM being the best example of this, the upside potential far outweighs any downside movements. It's accumulation time from here on out.
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