GOLD FEVER SWEEPS ACROSS THE BITCOIN WORLD!

Describing the recent crypto fever as a Gold Rush is a fair description of the current atmosphere in light of the events leading to this moment in the Bitcoin world. Yes, everyone sees the price of Bitcoin moving higher and higher, as BTC has been clawing its way to new all-time highs every other hour at the expense of ALT coin markets ;p Experience has taught me in the crypto game to expect retraces.

Although retraces are often unpredictable to most people, retraces are a necessary evil in the cryptocurrency spectrum and a way to keep markets honest. A retrace is a markets way of exhaling after a quick sprint, sudden gains or what traders call mooning! A retrace can help markets regain there breath in the form of prices that are modest as a down trend patterns emerge. The trick in trading crypto is to hold during a retrace in what is known to most traders as a kind of bag holder dilemma. Some traders find a way to accumulate during a dip or a so-called retrace by selling off holdings at whatever price they can during a sudden down trend with the goal of buying back more coins or tokens than what they initially sold. If a traders long-term goal is to swing trade a given market, in this respect one can actually profit to a degree from a retrace by accumulating more of a crypto in a market a trader may be swing trading, with the down side being a long term hold at a lower perceived value then when a trader made the initial purchase.

A bag holders dilemma, is the concept of holding an investment in spite of mounting losses. A popular move for a trader trying to accumulate more of a given crypto and off set mounting losses is to purchase more of the retracing crypto at a lower price as a way to cost average an investment, buying crypto at a discount from the original price a trader may have bought into a market position is a smart way to cost average a price for a market that has experienced a loss in value. In some cases traders are known to cut and burn, selling off crypto from markets that have retraced at a loss in value from a traders original purchase price, running for the hills to lick their wounds after whatever percentage the trader is willing to take a loss at the end of the trade or when a trader can no longer stand to see an account balance take further mounting losses. Although taking a loss on a trade sounds like an unfortunate venture, many traders in the cryptocurrency spectrum when a market experiences a relentless down trend over several months or when other prime markets are in play, traders holding a crypto from a market that has no volume or is losing value on a weekly basis from the perspective of a bag holder, in some cases cutting and burning can seem like a smart option, if a trader perceives they can earn more off their investments trading a different market that has more play.

If Market history can teach anything about optimism, bag holding and a retraces with regrades to markets I have listed below in the dream list I have dubbed "shopping for reasonably priced crypto" market history seems to teach and predict that looking for one and a half year low's as entry points and holding for about eight or nine months to a year and a half is essentially the smartest play a trader has to actually accumulate tremendous wealth in cryptocurrency. When swing trading a given Market for small or micro profits, it can be easy to lose sight of the goal of holding a dynamic crypto portfolio for at least six months to a year and a half after purchasing any crypto at all-time historic low prices according to data and charts provided on numerous sites that follow cryptocurrency markets, before recognizing significant gains when markets inevitably bounce back after a big bad scary retrace. One of the most amazing aspects of Blockchain technology is a genuine transparency with a key feature being an ability to follow market data to better gauge historic highs and lows and help relate to what a fair price for a market actually is in spite of whatever price a market happens to be pushing onto buyers.

When shopping for reasonably priced crypto looking for a six month to year-and-a-half low is a rock solid strategy to gauge the validity of an investment when searching out the best entry price of a market. Thanks to the newest great Alt coin sell off that took place during this current Bitcoin run, cheap ALT coin season has officially begun.

What do you think of this list I threw together today?

ETH .05 - .0465
XRP .00002200 - .00001650
MAID .00007600 - .00006850
STEEM .000185 - .000125
DGB .00000160 - .0000085
SC .00000089 - .00000055
ETC .002 - .00165
LSK .00055 - .000425
LTC .008 - .0065
BCH .06 - .0485
DASH .05 - .038
DOGE .00000018 - .00000012
EXP .00035 - .000275
SYS .00002 - .0000125
REP.00285 - .00175
FCT .00265 - .00175
CLAM 00072- .00055
STR .000003 - .00000225
XMR .0085 - 00685

NOTE: I could find so many other cryptocurrencies to add to my list, however these are the cryptocurrencies I feel are at the safest entry levels for the time being. I would like to strongly emphasize that I have created this list speculating on entry points for crypto markets based on my personal understanding of historic data available to any trader publicly through several leading cryptocurrency websites most traders already use, sites such as Coin Market Cap. The values for entry prices are a kind of speculation based on my experience and should be interpreted by the reader as such. That being said, have a good time trading crypto and remember to always accumulate STEEM and BitCoins when ever possible!

• Do you agree with the price list of possible entry points for the crypto's I have listed?

• Do you have other entry points for crypto's that I have not outlined on my dream shopping list you would like to share with the STEEM community?

• How do you deal with a cryptocurrency you are trading when the market starts to retrace?

• What other ways have you made money from a cryptocurrency while the market was retracing?

Written by STEEM user: Jazmin Million