5 Crypto to Survive a Market Crash - My picks
Everyone loves to talk about crypto moons and lambos, but what happens if the crypto market crashes hard. Let's talk about 5 cryptocurrencies that I think might hold up relatively well during a crypto market crash and why.
One important thing to note here, if/when the crypto market takes a dive, historically the whole market goes down quite a bit. These picks are simply cryptoassets that I think will hold up better than the rest.
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Great video! Though the market is recovering now, slowly but surely...
We are likely in for another decent sized dip a few days time in my opinion so I would just be a bit cautious until early Feb when I think we will finally start to move upward at a fairly constant level from that time forward. Basically don't be surprised if we touch 8k BTC in the coming days before moving back up to current levels (10-12k early feb) and beyond (14k mid feb) back to all time highs (20k in March/April, 40k in July/Aug). The crypto rollercoaster ride of 2018 is going to be an especially bumping one so hold on tight!
totally agree... considering it has the same up and downs (dates) as last year...
These are very important considerations, but I don´t agree on the conclusions. In fact BTC and XMR would be the least cryptos I want to hold at a crash - they have way too much volatility, outside manipulation, outdated technology (as said in the video) and (hopefully) will die by senility soon.
My choices (for the same reasons stated in the video - e.g. working blockchain, proven and solid basics - but with high future potential) would be EOS and STEEM. In the unlikely case that the bear market also hits them, I would go into bitUSD or other smart cash equivalents at bitShares for a short while, before moving it back again. This is actually what I´m doing right now, since I expect further drops over the next days.
I get what you're saying here, but obviously disagree. I think that EOS is significantly more speculative than BTC or XMR. If EOS launches on mainet, that could certainly change though.
STEEM certainly has a nice platform that we're on now, but it's been susceptible to major crashes in the past as well. Thanks for the input though, great to hear conflicting ideas!
I became a constant listener of your videos a few weeks ago. Great insights and always interesting to get your thoughts.
Great to get an insight why you haven't selected steem into your top 5. Listening to your video today that was the first question which came to my mind because of your selection criteria: technology (steem is live for a long time and has proven its technology I guess), utility - here it seems steem would also be utilized even in a crash. Even though through reduced rewards user base might gets reduced.
In my opinion coins that "survive a crash" need to have the fundamentals right and be able to get through a bear market of 1-2 years. Being susceptible to major crashes seems to me more a short term argument not so relevant for long term survival of a bear market. Or what is for you "surviving a crash" - are you thinking more of a short/mid term crash of several month?
One thing that is crossing my mind is the fact that crypto's entire existence has been in a US bull stock market. Does the wall street stock market activity corollate at all with crypto prices? I'm hedging by buying and holding for the long term in a variety of sectors of crypto, so hopefully enough hold their prices to blunt the downturn.
I guess what we are already experiencing is the influence of futures on BTC -the rest is mostly irrational, since compared to the traditional stock markets, so many people with absolutely no idea what they are doing are operating on the crypto market.
I think you make a good point on the coins that will sustain during a crash. Personally I think the question it self should be which coins besides the 4 on Coinbase will hold their value. Obviously if coins are on Coinbase they have a huge advantage for that kind of market. So besides those 4 which 5 do you speculate? I think your spot on with Monero and From there personally I would add ADA, XRP, Dash, and XLM.
really good post, and i agree that the cryptos that will hold up best in a along term pullback are those that are the most widely used and most widely supported by persons of influence in the crypto community, eg bitcoin, litecoin or bitcoincash
Boby you should maybe start also posting on d.tube, since you are using steemit too :))
Great opinion! I agree of your assets to hold. There will surely be a flight to quality (and utility) in case of of a continued downtrend. I wish there were more to diversify into but none others show the depth of adoption as those you have mentioned. I would also expect for BTC Dominance to get over 40% as well.
With the ups and downs we are facing in the market recently, I think that only the coins that have a solid team, marketing, and technology will truly prevail, which is why I like your list of cryptos that have the potential to survive a crash
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I would say they are all speculative at this time, most if not all are not fit for purpose at this time.