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RE: Weathering the Storm: How to Capitalize on a Crypto Market Crash

in #crypto7 years ago

I wouldn't sweat it, I believe DCR has worthwhile long-term potential. A lot of people who want to flip and make quick $$ will look for coins that are about to pop off and invest. On the other end, you have people who just slowly accumulate coins they believe in long-term. Me personally, I don't mind waiting a week or two to flip a profit. If you watch the market carefully, you will be able to identify these slower-moving coins as they consolidate (where they are not really moving up or down in price). Typically the longer they consolidate for, the higher the chance they will shoot up another 10-15%. Sometimes you will luck out and get a 400% return as seen with NXT and BitShares recently.

As well, I think we are due for a market correction within the next 3 days so it might be worthwhile to hold on to some liquid to spend in a bit if things take a big dip.

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Thank you again.
When you say 'market correction' what do you mean exactly?

At times there will be a huge sell off where pretty much everything is in the red. It seems to occur when the total market cap peaks. You want to have $$ ready to go to buy cheap coins when this happens.

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