You are viewing a single comment's thread from:
RE: Portfolio Rebalancing - Jan 2018 - Done!
Oh, I don't know if it's such a good time to buy or not. I like low risk, and when prices are high, that's hard to find. That having been said, there are still lots of cheap coins, but how many really have the potential to become a top 5 cryptocurrency in the future? Got to find undervalued crypto that has big potential, and once you've got that, I guess any time is a good time to buy . . . although the overall market's health can still have an impact one way or another.
Yep, I have kept an eye on Cardano's ADA even since it was on 20'th place. Now that it got to top 5, I don't know if it can grow much more from here, but I can hope for a small profit. For sure other coins which are undervalued right now, have much more potential to bring good profits, just as you have said. But this is so hard to find, I guess a lot od research effort has to be involved in the process...
Yeah, and then there's the idea of trading, which I didn't mention above. In that arena you can play the cheap coins for a pop higher here and there, but always keeping very much in mind that you're playing with a "shitcoin" and doing your best not to become an accidental bag holder. Just recently I remember seeing a couple of folks talking about DOGE when it was around 20 SAT last October. Well, it recently hit 100+ once again, but that was after it spent a couple of months trading sideways and as low as 15. That would have driven me nuts since I consider DOGE's long term viability to be questionable. (That having been said, it is still theoretically about 200 times undervalued.) For someone with the time to monitor it closely with the trading experience needed and trading in appropriate size, that was a good trade. I have a very low risk tolerance and I'm very conservative, don't have the time, and the size that would be appropriate for me would make it a waste of my time. Sometimes it's better just to stay away, and, in fact, the inverse is almost always true: never try to rush things when it comes to trading and investing.