Sorry to those that lost money but we have to do out research!
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Topic
BoardAltcoin Discussion
Re: Invest now or wait?
by
cryptostocksin
on 16/01/2018, 20:57:58 UTC
Doing technical analysis is fund and resistance points are easy to identify but no one really knows what the bottom of this present correction will be.
That said, if you have discretionary income, savings, and ideally in other investments
I would say definitely buy even right now.
If you do not have money that you can stand to lose I would say stay away
I am team ethereum though I have positions in both.
I think ETH is king for the near future.
Post
Topic
BoardBitcoin Discussion
Re: CryptoStagnation
by
cryptostocksin
on 16/01/2018, 08:19:11 UTC
look at the market cap chart on coinmarketcap
there was a dip and sideways movement for 11 days then all time highs, this current correction is only like 9 days in. I made a youtube video where I talk about the chart: https://www.youtube.com/watch?v=Ta7tmHpcCJA
I actually just made another video where I talk about this more that I am going to publish on my channel in like 6-7 hours or so.
Does this make sense?
Hopefully you are in good cryptos that are long holds. I do not like losing profits but I think this is a healthy correction. A bit too much euphoria.
There a few coins with market caps lower than 200million that I like a lot but right now the market is the low caps are not doing as well. I do expect my picks to shoot up when the money starts coming back into the market.
You just have to do the research. What is the product, where is the company regarding roadmap, what industry, etc.
Low market cap coins have more room to grow but generally speaking they are also riskier and there are so many of them now.
You just have to really do the research. Check out the whitepapers... blah blah blah... the team, where they are regarding roadmap, what do you think about the industry, blah blah blah
But a coins rise does not always make sense, e.g. dentacoin (I am not picking on dentacoin).... whales anyone?