The Week To Be In Crypto [03/18/2019]
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Market Overview
We have settled into a general sideways channel of prices for BTC and ETH while there have been some jumps in some altcoins (mainly exchange tokens and anything showing up in a screenshot of the Samsung S10 native crypto wallet) the overall crypto marketcap hasn’t moved much upwards so it doesn’t seem like any new money is coming into the space. As people get impatient waiting for the next move there is a lot of speculating on which direction it will go. Many say there is one more leg down before the recover starts and others point to long term downward trendlines being broken and it being likely we are moving upwards. No one really knows but from my perspective as an individual investor I am keeping some fiat on the sidelines to buy in if there is another dip and if there is a quick move upwards I will likely sell a bit with an attempt to buy back in if the price retraces to around this level. I do think it is possible we start working our way up from here but I think it will be choppy. Trying to play the chop can be profitable if you have the time and energy to put into it but if you have a full time day job and other parts of your life that limit your flexibility to enter orders I would stick with my usual recommendation of gradual, regular buy orders. If there is a silly short term run, maybe sell a little (I really dont think we are going parabolic from here) and then get back to the regular purchase on a retrace. As stated previously I am not big on technical analysis but moving between these general moving averages does seem to align with a lot of peoples general ideas for how we proceed for a bit from here.
What I’m Buying
With the upcoming binance DEX launch, their funding platform, and history of success it would be silly to not own some BNB. I am moving it into the “Secondary” Category. Also including Decred here, still seems to be a good play if you are bullish on on-chain governance.
- Core: BTC
- Secondary: ETH, MKR, REN, BNB, DCR
- Moonshots: XOV, NIO, LTFG
Adding Lightforge to the moonshots. Good exposure to a waves token (Waves platform has been getting some hype recently) with a super small cap and a working demo for a product with a unique use case (creation & exchanging of in-game digital assets).
Recommended Media
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A new pod added to the list, really liked their two most recent episodes
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