Crypto bomber, Part 2.

An unexpected journey, well actually it was rather obvious wasn’t it? 

Innn about 2-5 years or so. You know what they say, no pain no gain. And we are certainly feeling some pain at the moment. Or is this just Cryptos way of spiking up a fever to get rid of all the goblins, parasites. Meh, even I’m getting bored of this analogy, but I rarely, if ever hit the delete button on anything, so bear with me, as this mentality is probably why I haven’t touched a single market trade on Binance.    

Confused, so am I! 

That is to say, Crypto had a bit of a fudding tumble, and the world didn’t come crashing in around us. More to the point, people are cutting their losses with such aplomb that at first, I thought the entire world knew something I didn’t. Ah wait, didn’t we already call this? Wasn’t there something about taking hold of your own destiny, or was that just lemmings  

I mean this is great, I actually hedged my bets back in December when I was deciding what percentage of some extra cash I had lying around to invest. In the end I went with 50%. Why? Because I didn’t believe 100% in Crypto. No, because I was in two minds about how soon it would be till we saw a major correction. Needless to say, that additional cash is on its way to my preferred fiat-crypto exchange as we speak. 

How many alt coins (I really hate that word, it’s about as derogatory as it gets for some of the crypto out there that will be wiping the floor with BTC in the not too distant future, but anyway) did I exchange for BTC, or ETH, or NEO? None. Why? Because I believed in them then, and I believe in them now. Didn’t you? 

But they have lost (Insert appropriate percentage for your preferred altcoin)% of their value 

Here is a shocking revelation, they probably, in fact in most cases definitely, were not worth that anyway. Also, how did you not figure this out for yourself, that you were buying into something based on its future potential. Yes, by all means get in on the ground floor.

Still changing baby diapers.  

There is a buzz about crypto, and damn right there should be. But most of us are still virgins, and like virgins we bolt easily. I feel sorry for the new comers who bought in after the cherry Christmas Cryptoclaws gave us, and then felt the need to sell because of shoddy reddit feds, and CNBC morons with their “My brain maths is not so good.” 

Focus, of BBC repute did an article on Crypto, I picked it up in the airport, it told me exactly jacksh#t, that a five-year old with a google capable phone couldn’t have already told me in half the time.  

Forbes, has some passable knowledge, and I mean like here is a D in history passable. I could go on, but lets cut to the core of this. The only people with any real insight that is worth its salt are the freelancers. That’s the trouble with all this volatility.  

And I don’t blame them, reddit is full of so much bullshit at the moment, that I wouldn’t expect anyone who decided to get onboard in January to have a clue which way to turn. Steemit is just as bad, with opinionated video bloggers a dime a dozen. Even just researching privacy coins near melted my head. 

So, don’t beat the little fellas, help them out. Not everyone has an as yet unlocked venture capitalist, or market analyst string to their bow. Not everyone can be Legolas here, slaying those mightly ICO flips without even a need to line up the shot. And for all of you at Helms deep right now, just remember there is another movie on its way. That mighty eye of the regulator is just that. A f#cking eye, or did you forget who put governments in place? You would do well to remember what all of Rome did SP

But seriously to the new guys, make a plan, and believe in that plan. Understand the nature of the beast, it’s a volatile one. Because right now your fear is what’s feeding the rest of us. I am in the process of shoring up some of the coins I wished I’d invested in a bit more.  

People are too easy to state what coins they own when they are doing well. So here is my list, and ladies and gents, they are all doing badly at the moment. Still in the green, but I wouldn’t trade a single one. You may notice there is no BTC coin in there, and I recently sold off all of my LTC. Others are forum favourites, others have been called everything from underdeveloped to outright scam coins. In any case here it is, and maybe in future posts I might elaborate on my rational. All of these were bought sometime between Oct and Mid Dec of last year, bar a couple of recent editions. 

In no particular order of number, value or preference: 

ETH, NEO, IOTA, STRAT, XRP, LINK, BNB, ARK, WABI, RDN, BCC, BQX (Ethos now I believe), OMG, ADA, KNC, LEND, POE, CND, XVG, MOD, TNT, FUEL, SNM, ZRX, GTO, SNGLS, ICX, APPC, REQ, ZEC, & VEN.   

Most of these were acquired on Binance before being moved off to MEW for long term hold, or hodl if you prefer all of your vernacular in crypto these day.