Some Outrageously Speculative Cryptocurrency Buy Orders I Placed Today to Buy These 5 Altcoins!
I re-entered the cryptocurrency investment space in December, 2017 after an initial performance as the worst cryptocurrency trader of 2017 (five useful crypto lessons in there). What I didn't do in January is to sell my assets at 50-150 % profit in order to hold them for long term. I wanted to test my patience. And boy the patience has been tested so bad since then. I'm a proud hodler since then and haven't sold much except one profitable sale to buy another good coin.
I also invested in two ICOs and one of them has turned out to be a scam (Finacoin). I have some considerable money stuck (or lost?) in it. Let's see what happens. I kept some faith in the other ICO and dumped the coins on the way back from a big pump. ICOs are no more of any interest to me. I will reserve my investment for good coins in an extremely bear market like we are seeing for weeks now.
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I have some BTC. I'm holding it as investment itself because I managed to buy it low. A small portion of it belongs to a poor family for whom I raised some funds through Steemit. I hope to sell it when the market is green so that the family can have more money to spend and I can support them better. However, the constantly falling prices have made me think about making some outrageously speculative decisions. Some of these are quite logical and may be realized pretty soon if the prices keep falling.
The following orders are purely my decisions based on what I have known or anticipated. None of it is financial advice. You should do your own due diligence before making financial decisions.
EOS
This is a coin which has a huge future ahead of it. I consider myself unlucky not to have bought it when it was under $1 in price. It's the first coin I ever signed up for before its ICO but I was a total noob in cryptocurrency back in May-June and didn't know a thing about ICOs or how to be part of one. It's price is down to $6.5 right now and when I checked, it was trading at around 63000 Satoshi.
EOS is a project by @dan. It used to be updated via @eosio but Dan has sadly moved all of his communication to Medium due to excessive aggrandizement perhaps. As much as I do not wish EOS to fall in price, I would like to own at least a hundred to be rich in a year or so. So, I have placed an order around 33000 Satoshi. It is outrageously low for a project like EOS but what can I do about my experimental mind!
CARDANO
Cardano is one of the most anticipated projects. I already bought it twice and I am holding it for good times. However, some fundamental technical analysis by Data Dash convinced me to try something ambitious and place an order which, if met, can give me a very very good position for a profitable long-term hold. Here's the video that triggered this thought.
It's price is around 2500 Sats right now which is its current support level. I placed an order at 1300 Satoshi to grab a few thousands of Cardano. I do wish this order to be met. If it does, I will hold it for dear life perhaps!
SMARTCASH
This coin came to my attention months ago via @lukestokes, who holds some himself too. I looked into the project and kept an eye on the price. Right now, I see it nearing a price that may be a very good position to take. I am not investing heavily due to limited resouces but a few hundred dollars is what I can put in.
Its current price on HitBTC is $0.17 but since my orders is in terms of BTC so 0.00001757 is the price right now. I have place order of a few thousands SMART tokens at 1500 Satoshi. I think if the market keeps falling like it is today, this order will most probably be met.
SUBSTRATUM
Substratum is an interesting project with real world use. It is under developments and I wanted to have a stake in this project for a long time now. I did buy some SUB tokens in December and then again in February. Right now, the price is really down. It's around 3800 Satoshi right now and in itself a very buy-able position I think.
But I have placed an outrageously lower order. If the price falls to about 2500 Satoshi, my order of a few hundred SUB tokens will be met. It is a long shot. I do not expect it to hit that price. But just in case...
BEZOP
Bezop is the first ever ICO I took part in. I'm not sure what the future holds for this eCommerce startup but I have seen pump and dump activity initially and although I missed the peak, I sold on the way back from a massive pump. I am glad I did because it has fallen more than 60 % since my selling. They do have some announcement coming I am keeping an eye on the price.
While I committed much of the BTC from the sell into SMARTCASH, I kept some to buy back at a more than ridiculously low price. I had sold at 3700 Satoshi. I have placed an order under 500 Satoshi (currently 1600 Sats). If there's no activity and the price keeps going down, I think this order will be hit and I may get the number of tokens I had from the ICO but for very very cheap. Interesting to see what happens.
I have kept SBD patiently as well so far but converted a few hundreds of Steem I had to SP. Both Steem and SBD are testing patience of a lot of people. I hold some quantities of BTS, QSP, REQ, ENJ, ETN, and NANO as well.
Conclusion
Since the mini crash at the end of January and start of February, I have been waiting for the market to go right back up so that I could share my awesomeness in handling the crash. That crash seems to be lingering on because I have Altcoins in my portfolio which I am not ready to sell at a loss. I have so far been patient despite my urgent 2018 goals needing serious money to happen.
I do believe that there will be good times soon. How soon? No one can tell. It would be interesting to know what coins you are holding or believe in. Have you sold your coins in panic? Are you buying more coins in this red market? Share your thoughts in the comments.
That is a 100% up vote on the post, and none on my comment. So that we get the voting etiquette straight and out of way :)
It is excellent that you have invested in or planning to invest in these projects. Just be cautious if some of the lofty goals do not meet in some of these projects. I am in this space for a long time and have seen my share of hypes. As long as you understand that I think you will be fine.
Good luck from a fellow qurite!
I have full voted a comment after a long time, not because you voted for me but because I wanted some worthy comment of my choice to be at the top.
I am fairly new to crypto. Hardly nine months and a lot to learn. I know some of these projects will be delayed or even miss targets. Most of coins outside top few dozens are scammy and not required. Market will flush them soon.
Thanks for a nice comment!
You mean you have "not" voted a comment for a long time :)
You write about issues that can re-direct a lot of darkness towards you by default. But someone have to do it, so you are doing it. Kudos to you for that!
Trading crypto is nothing different, it is just another commodity. Just like trading "rice" or japanese yen or "kishmish". As long as you remember, there is no such thing called "mooning". Nothing goes to the moon. Not any more anyways :) Not even NASA spaceships, as their budget is cut and there is not enough money :)
I have not voted with 100 % weight on comments for a long time. Of course I have voted on thousands of comments.
I'm wondering what issues and the consequent darkness is in your mind. Please share some detail here or chat up on discord. And I am not looking for moon. Just a few kilometers up in the air perhaps. Haha!
I didn’t sell nor bought any coins in this dump. Few weeks ago when BTC was a little above 6k I wanted to buy some more , but greed kept me thinking it could go down to 3k. Was busy traveling so I woke up when next check it at 9k ... so generally nothing new. I kinda not like loooking at the market .. kinda feel tired I didn’t manage to sell at the top hype in Jan 😞
Have some little EOS & ADA but your article encourages me to buy more .. though not much cash to put in.
Smart cash I saw it since the very beginning. The only thing made me not in is traded on Hitbtc which I read a lot of complaint and worried to join !
Thank you for voting you comment to the top and a meager vote on the post. I am still thankful that you voted and engaged. However, I wouldn't do that on a post.
Please do your due diligence before making a purchase. My btc was on HitBTC due to Bezop so I could afford to place an order for SmartCash. If it hits, I will move it to my wallet. Not selling at the top in January was a mistake in hindsight. I sometimes regret it. But the whole patience game is interesting.
Thanks for mentioning smartcash (and the price). I've been thinking about it, also because lukestokes mentioned it first. What really made me think again was that it was accepted as payment for anarchopolco.. watching a video or two from that event made me think about it again. So... At .17 it seems like I'd do well to pick up a few and hang on for a while
I have been encouraged by what I have seen so far. I really hope that my order is met and I can get my hands on it. I may purchase under 20 cents anyway if the order is missed. Let's see. Good project with good backing. I like @smartbot too!
Investment in cryptocurrency tests patience and require swift action when time to act comes. Most of the people enter when the currency is already pumped they see the hike that's the reason when it started to tumble it straight fell like hell.
Best of luck for your holdings and I m sure it will rise as you have committed some portions of needy ones. Jazakallah.
How,,, very good FOLLOW @ajaa23
Among your investments, EOS is my favorite...
Did you ever gave any thoughts to Ripple???
One of the reasons I spend so much time researching projects before I invest is so I can avoid any form of panic when the markets dip/correct/whatever you want to call it.
Holding has never been an issue for me because if I've parted with my cash, I believe in the overall project. This is why I've stopped relying on chart analysis, and started thinking about projects that have real world value. The cream always rises to the top :)
I don't think rushing to sell coins now is a good idea...like a post I made, I believe there are better days ahead.
@ilyastarar I also believe that God time soon. Hope for the best. Not now i am not going to buy.
Interesting thoughts @ilyastarar. I'm only just getting into crypto. I'm waiting for some funds to be cleared in Coinbase and then I will buy some Steem. i am also interested in buying some Smartcash as I was gifted some a couple of months ago and I'd ultimately like to get 1000 so I can earn the interest.