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RE: Crypto Experts I need some Advice, Is this the End?

in #cryptocurrency6 years ago

Questions. On the 3 coins you own do you believe in them long term? Do you know the future plans for development (road map) and have they been hitting their past goals? If you were losing money on othese trades would you still believe in them? What if it was looing 50%, 80%, 90%? Would you regret not taking profit at these prices?

Always take profits. Even if you just use those profits to buy back in at a cheaper price or if that coin rockets back to the moon, you'll sleep better at night knowing you have less risk on the table. The chart above is of Stellar Lumens and the case for 90% of coins that rocketed last Summer. They lost 80 - 90% of their earnings 3 - 6 months after they reached ath's

My personal opinion on Tron is to get out or at least take profits. Once the FOMO wears off is there any improvements mapped that will rocket it back to the top news pages. It's a new and exciting coin and that usually wears off pretty quickly in the cryptoverse.

Nothing in the next couple of years will be an eth killer. Neo was supposed to kill eth, QTUM is supposed to kill eth. Eth is too entrenched as a trading pair and as first too market to be overthrown easily. Too many people have too much invested on the Eth platform for this to be overthrown overnight. Plus, just because a Dapp platform has better technology what's to prevent Eth from cherry picking that technology to use on the Eth platform?

I'm probably over conservative after watching all my alts bleed for the past 6 months before it finally turned around. I know what it feels like to see most of your coins being worth 60% - 90% of there value from a couple of months ago. What's nice with the increased price of SBD I can actually buy decent Bitcoin if this happens again and lower my price average, but still overly cautious right now. People are making money too easily by making gains off trading any coin. It will be interesting to see how quick they abandon ship once they start seeing red everywhere.

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I do certainly agree that the price has skyrocketed in the last month, and that's really the only time I've actually been in the market, so I don't doubt I have a little bit of a false sense of just how much money can be made and how fast. Maybe I should skim a little bit across into some more established and less speculative coins.

Coin Marketplace

STEEM 0.27
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ETH 2887.51
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SBD 3.60