Black Friday - Altcoins Off!
Back in the days when altcoins were all red and bitcoin dumped a little everyone was scared.
Lately we had a few blood weekends or days and later then everything pumped like crazy and everyone made more BTC back.
So while this day may not look superb.. think of cheap investments you can do today that may payoff later.
Top10
Biggest Losers
Keep in mind history may not repeat and coins may not go back ;) But if you ever wanted to invest into some coin and have BTC already, this may be a good day for that!
Of course invest only what you dont care to lose ;)
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I've allocated a small amount of money and I buy in every week. I try to pick a down day.
same deal with me.... little at a time..
keep stacking :)
hold and dont let go until the moon
Buying in the red days is a great strategy. I use it to buy my favorite coins for the long term hold. I hope we will be rich in the next few years :)
Buy those dips! That is the strategy that will work long term since the crypto is only starting and the upside potential is huge..... Those pullbacks are great to add to your long term portfolios.... It would be great to sell the tops and buy the bottoms but it is easy said and harder done.... If you sell too early you will miss the coming profits and might not even able to get back in since price might not dip as low as you sell price..... There are a lot of coins with great potential! Can we go lower from here? Absolutely! Are we going to? Who knows! I wish we did:)...more buing opportunities.... Thanks for sharing, great post!
The altcoin markets are not so liquid.
This altcoin bear market has nothing to do with fundamentals, and is entirely the result of instability and fear surrounding the bitcoin scaling debate.
Real Black Friday deals going on lol
Buy all you can..
I would prefer they would only buy Steem! ;)
True!
The red sea waves are strong on Fridays :)
https://steemit.com/bitcoin/@ravindrasail/help-improve-bitcoin-org-and-earn-bitcoin-with-its-new-bounty-program
During these times I try to double down on what I have and wait out the red days. When I first got started I would sell during the red only to regret it a day or so later. Investing with a long term mindset is the key. It's cool to make a few quick flips on some coins but the ultimate reward comes from being patient.
Ditto. I used to sell....and learned the hard way in stocks on a very large margin call - cost me my twenties....
Marginal trading is another tough lesson to learn if your not careful. I'm glad I caught on to the concept in my earlier trading days. Don't get me wrong with marginal trading as it does have some good value to it. It's just that when it's time to collect from the trades, the bulk of the money goes to the actual lender. It gets tricky so just be sure to overlook the terms before engaging.
yes you are right investing in longterm portfolio is a key short term is always gives you loss so you should HODL your coin for atleast year or two, but this is my personal opinion.
You guys are bang on. The newbies cause these panic waves. HODL.
I just switched over to attempt exchange style trading and it seems like if you do it right you stand to make more profit than just playing the big "3" from coinbase. Do you have an exchange you recommend?
There are at least a dozen "major" exchanges around the world that do significant volume in a given space of trade pairs. Poloniex is an excellent option for a first time exchange account as they vet their available trade pairs well, and only make available what has a significant enough volume developed from other exchanges to support their customers' divestiture should they decide there exists some good reason to liquidate (i.e. truly worthless claims, dodgy mods, fraud, technical problems, etc). Some of the other exchanges like Bittrex or CCEDK use the power of being able to offer listing to a small coin for a larger cut of the transaction fees, and provide a means of capitalization through trading into bitcoin and the others available. As soon as you can trade a coin newly minted into an exchange of any sort, make no mistake that "money" is being "created" just like a central bank does, except the new "money" is in our decentralized open-source ledger rather than the fed's centralized closed-source private/public banking cartel. Additional major players in the exchange game are obviously those of eastern origin, such as BTCe and BTC38, both Chinese. The last group of players would be the futures markets that offer some simple options trades or highly leveraged margin accounts like Bitfinex and BitMex. To give you an idea of the ability they now wield, Bitfinex was being criticized in April for being "insolvent," but have sinced launched IOTA which peaked at a market cap of nearly $1.8B. Value that they created. In their computer. The current market cap is at a paultry $800M, but you can bet they can pay their bills now. For a long time.
Sorry for the red pill. I do that sometimes. Most times. =]
Start with Polo. Follow the rabbit hole down from there. =]
G3
Another chinese site which has english is Yunbi. But you need a chinese bank acct.
I wanted to get PAY & MCO so I signed into BITTREX. They have lots of alt coins there
https://steemit.com/bitcoin/@ravindrasail/help-improve-bitcoin-org-and-earn-bitcoin-with-its-new-bounty-program
It's the moment of selling and getting USDT for the big dip:
https://steemit.com/bitcoin/@crypto-insider/bitcoin-will-collapse-this-july-make-money-out-of-it-usdusdusd
Couldn't agree more. Holding hold would help to gain more financial returns. Selling short could lead to a lot regrets.
I call it a financial rollercoaster and I'm just riding until I reach my level of satisfaction. This whole experience as a whole is a learning process. A day at a time and constant research helps when I see red. Good vibes to you 👍🏾👍🏾👍🏾👍🏾
Smart advice
I am a great fan of LTC and I am sure it will hit $500 soon, because of many reasons that LTC investors know as well.
especially the 24h trading volume, always in the 3rd position. so if you are a wise investor buy low and if it goes up dont sell, and keep just buying as low as possible.
the goal here from investing in digital currencies is financial freedom, I and you still achieve it in LTC.
Even $55 for one LTC is still undervalued.
if you read this comment carefully you will remember me in a matter of 1 year or two if u do what it contains.
Agree, my plans going forward are to take my profits and put them into LTC exclusively. Hoping the best for a dgb recovery soon!
#payitforward
I agree. that why I got excited when it dipped to $45
I'm sure it will outpace Bitcoin this year even if that scaling controversy is resolved
Because what ever Bitcoin can do with SEGWIT, Litecoin is doing better already with Segwit & Lightning Network
Just because I believe in signs, I will! Thanks!
Automatic investment plan for LTC is a good idea (obviously with what you can afford to lose 100% of). I see LTC breaking out August 1, regardless of the BTC outcome. It's a much faster platform and Charlie Lee is crushing the road tour promoting the capabilities and bring Asia on board. Once Litecoin is mass adopted by Asian markets and daily users the price of LTC will soar.
Yes HODL is the ultimate truth.
Patience and endurance are the main reasons for any success; no matter if in business, sports or partnership. You have to sail through the harsh times of life to reach Robinson's Island!
It's always the Q: Are you able to dream on, even everything might be lost... - ?
Cheers!
Yeah It's a solid time to reorganize the portfolio and purchase coins that may have been at price points that didn't seem attractive at the time.
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Monaco and Tenx would be whaat you need to be looking at right now!
what goes red today must definitely turn green tomorrow. the best time to bag some altcoin is now.
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Most of "sheeps" sell on red days not to lose more.. But actually by doing that, more "sheeps" follow their stupid trend..and they all lose more! The key factor of success in trading altcoins is to keep them on red days! #long term investing!
I guess some of the sheep have had enough when it seems there's a weekly dump though. I'm holding a mixture of long term and short term coins, but many of mine haven't hit previous highs for weeks now so I'm nervous about making any profit on them for ages. When you look at those red days it does seem like it's a race to the bottom!
If you are looking at shorterm profits at this time; you will lose big! Until some months after the hardfork, nothing will return to normal!
It depends. If you're a trader and can see that the floor has been breached, getting out of the trade and purchasing again at a lower price point can be a smart decision. Otherwise, yeah, hold.
Unless if you might never see that low again..after you sold ;)
If you are a firm believer, then HODL. During the down days, it should be an opportunity to buy cheaper. Never margin!!!
WOW!
That article is on another level totally!!
Thanks for taking out time to compile all the info.
Much appreciated.
@incomepal