Last week was another bloody / red week for Cryptocurrencies and an opportunity for those who have some spare fiat currencies to buy cheat coins/tokens and thus enter some top markets, examples: steem, EOS , Ethereum and Bitcoin. The reality, is that the current downward trend will not last forever, thus we might see a bullish altcoin markets soon-however will it last? Moreover, will there always be another big sell off which leads to massive loss- especially by those who put in emotions and thus buy high and sell off low? Here are some few points
Strong and Wise Mind: Cryptocurrencies are too volatile hence the reason why people can make super normal profits. Conversely, however, the space is also not for the weak/faint heart - because weak people trade with emotions and thus panic sell whenever they see a red market –which is normally caused by fuders, haters and traders trying to gain from panic sellers. There for, as I indicated on my post yesterday, see link here , try to remove your emotions, do not invest what you cannot afford to lose, buy low ie during sell off and hold (HODL ) –do not forget to take some profits in order to diversify to other top coins on sale. This strategy will help you stay safe
Dynamic Market: Cryptcurrencies are dynamic and thus we have the opportunity to choose from many top projects. The right thing to do is to do a due diligence before investing, check project team member’s profile, projects behind the coin/tokens, website/whitepaper and their social media channels. This will help you to see the big picture and thus make a better constructive decision.
Steem ecosystem: I do write about steem always due to my confidence on the technology behind steem ecosystem ,its bright future , what the steem blockchain technology is currently doing and what it can do for all in the future-see my former post here for details . Therefore I believe that steem is currently undervalued and it will surely take its position as a future crypto powerhouse. Therefore , there is no late time to buy steem and power up because having enough steem power will change the playing field in your favor in the short and long run (For more on steem power , pls see my older posts ).
I wish you all a blessed week.
Do you agree? Send in your comments and or suggestions, upvote to send in your support and resteem in order for others to learn.
Click here and read my former post:Strategic Advantage: The right time to Buy Steem and Bitcoin
An Advert for a top new crypto www.elyte.io
Competition: Our competition bounty is open- feel free to share this form and Join Elyte 1st Social Media Video Competition via this link : https://docs.google.com/forms/d/e/1FAIpQLSdOtRSqVYV48sIghmNUGG_pUNtoc-AneaDUzN8YBZhDPGPIzw/viewform