Are You Feeling Beat Up from a Rough Crypto Market?
You are not alone. We suffered through 2018 like many of you. I am admittedly a horrible trader. So throughout 2018 I only traded occasionally to protect holdings. I can recall only two trades where I felt the glory of 2017 and that was with DBET and with RVN. Both of which helped us recover some of our losses.
My Opinion About the State of the Crypto Market for 2019.
This reminds me of 2014 - 2016 when I first began my journey in Crypto. Bitcoin was not very exciting. The rest of the crypto market was in a building stage. This is when projects like Dash (Darkcoin) and Ethereum were born. Frankly it was pretty boring but it gave us the chance to accumulate some crypto, especially Bitcoin. I believe that a quiet market and devs in the background building great things is the time to prepare for the next Crypto bull run.
What I am Doing to Prepare for the Next Crypto Bull Run.
I am accumulating projects that I think will lead the pack in the next bull run. Since we earn 100% in Crypto for the work we do we have decided to take a portion of that money and convert it to long term holdings.
How I Distinguish Projects Worthy of Holding Long Term.
This is not as difficult as it sounds. I rarely invest in projects based on the opinions of others. Here are some things that I look for when I decide a project is worthy. The project does not have to fulfill everything on my list but it should have most.
- The project should be open source.
- I know people involved in the project or a friend that vouches for them.
- The project should have an active development team.
- I like projects that offer staking or masternode rewards.
- Projects that dapps could be built on.
- The more decentralized the better.
- The project team needs to actively communicate with the community.
The ICO's I Still Hold from 2016-2018.
One of the common questions people ask is, "Randy what projects that you invested in do you still hold?" Here are projects that I still hold that I bought the ICO's.
- Decent.BET Mainnet Launched.
- Halo Platform Mainnet Launched/Masternodes/DEX/Gaming
- XYO Network
- Fluz Cashback app launching in February. More info coming soon.
- EOS (I didn't actually buy the ICO but rather coins on exchanges prior to the ICO ending.)
- Aeryus ICO just completed. Big news coming soon.
- Mandala Exchange has launched.
- Hoard ICO recently completed.
- Trybe.One New website coming soon. Don't miss the monthly airdrops.
As you go down the list you will notice that I worked with many of these projects or I know the teams well. Patience usually is not a virtue that I am good at. So @AnaHilarski and I have decided to hold tight to these projects throughout 2019 and 2020.
I believe holding strong will pay off big but if it doesn't then the worst thing that could happen is that the market disappears and we have to go back to helping small businesses with their social media needs. I do not believe this will happen. On the contrary I believe the Crypto market is still in its infancy and will have a spectacular bull run in the coming years.
