Crypto Trading Advice for 2018: EOS, Ripple and more!
So, as I become more and more passionate about the crypto currency world, I start to get more into the technology and developers behind each coin, as well as more into Crypto Trading.
Now, I realize the title in this article does say trading advice, but I also want to make sure you understand the following:
- If you lose money, don't come crying around here... Investments can't be done by relying on others. Rely on yourself!
Having said that, I'll share my opinion about some Crypto Currencies I have been researching and have an opinion on - remember that everyone has their own opinion, and if someone knew how the market reacts, they would be rich. I'm not rich, so do with that as you will.
The Things You'll Need for Proper Crypto Trading:
If you're serious about trading in Crypto Currencies and you wish to make sure you have what it takes to succeed, consider that you must have the following:
- [ ] Time to research
- [ ] A Hardware Crypto Wallet
- [ ] The ability to NOT be influenced by Emotions
- [ ] Spare Money - Don't spend what you can't lose
- [ ] Gut Feeling (if you plan on profiting from ICOs)
These are some of the most useful things you must ensure you have before jumping to the category below, which is all about what I think on the currencies I've been into.
What to Buy? What to Skip? Here's my Opinion:
So, I'm sure you already have your set opinion on what tokens are going to rule the year of 2018. Or maybe you think this year will just be another Bitcoin year... I sincerely doubt it.
I think 2018 will be an altcoin year, and here are some pointers.
| Token | Action | Opinion |
|---|---|---|
| BitShares | Buy / Hold | Decentralized Exchange with Proven Results - Will Rise Substantially |
| Ripple | Buy with Fiat / Prepare to Sell | Centralized - Bankers Approve - Rising, but Falling as I don't see it getting anywhere. |
| Steem | Buy / Earn / Hold | Steem is going to rise, and a lot. You should buy it, earn it or hold it. |
| EOS | Buy | This crypto is meant to fix what is wrong with Ethereum and is a brainchild of people from both Steem and BTS. It will rise a lot. |
| Bitcoin | Sell at highs | The technology is flawed, it is old, it is overpriced, even if it rises, the altcoins can produce better ROI. |
So, these are my honest opinions, and you can do with them what you see fit. Either take them or leave them here at my table.
However, if I was going to invest (I'm focusing on getting SP) I would do it in these coins.
To end this post, I just want to make sure you know that crypto is the chance we were all waiting for, and that you have a lot of potential to profit from trading it.
In fact, I'd say that even if I'm wrong, if you buy all the crypto I mentioned, the wins will outweight the losses. That's the benefit of having a stake in an emerging market.
To end, here's a trading quote I find great:
Frankly, I don’t see markets; I see risks, rewards, and money.
Larry Hite