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RE: 5 Crypto to Survive a Market Crash - My picks
These are very important considerations, but I don´t agree on the conclusions. In fact BTC and XMR would be the least cryptos I want to hold at a crash - they have way too much volatility, outside manipulation, outdated technology (as said in the video) and (hopefully) will die by senility soon.
My choices (for the same reasons stated in the video - e.g. working blockchain, proven and solid basics - but with high future potential) would be EOS and STEEM. In the unlikely case that the bear market also hits them, I would go into bitUSD or other smart cash equivalents at bitShares for a short while, before moving it back again. This is actually what I´m doing right now, since I expect further drops over the next days.
I get what you're saying here, but obviously disagree. I think that EOS is significantly more speculative than BTC or XMR. If EOS launches on mainet, that could certainly change though.
STEEM certainly has a nice platform that we're on now, but it's been susceptible to major crashes in the past as well. Thanks for the input though, great to hear conflicting ideas!
I became a constant listener of your videos a few weeks ago. Great insights and always interesting to get your thoughts.
Great to get an insight why you haven't selected steem into your top 5. Listening to your video today that was the first question which came to my mind because of your selection criteria: technology (steem is live for a long time and has proven its technology I guess), utility - here it seems steem would also be utilized even in a crash. Even though through reduced rewards user base might gets reduced.
In my opinion coins that "survive a crash" need to have the fundamentals right and be able to get through a bear market of 1-2 years. Being susceptible to major crashes seems to me more a short term argument not so relevant for long term survival of a bear market. Or what is for you "surviving a crash" - are you thinking more of a short/mid term crash of several month?
One thing that is crossing my mind is the fact that crypto's entire existence has been in a US bull stock market. Does the wall street stock market activity corollate at all with crypto prices? I'm hedging by buying and holding for the long term in a variety of sectors of crypto, so hopefully enough hold their prices to blunt the downturn.
I guess what we are already experiencing is the influence of futures on BTC -the rest is mostly irrational, since compared to the traditional stock markets, so many people with absolutely no idea what they are doing are operating on the crypto market.