The Week To Be In Crypto [04/01/2019]
See this and more on Cent — https://beta.cent.co/@jonto
Market Overview
I cant really remember the last time there were 5+% positive moves in both ETH and BTC in my screenshot. The positive momentum in “building” progress over the past 6–12 months since the downtrend started seems to be starting to sustain the overall price levels of the market. That is allowing the hardcore speculators to do what they do — pump.
The times I lost the most sleep during my crypto lifetime have been when the market was running up and when it was crashing. Modest upward and downward movements in bear and bull markets are easy to deal with. When the rug is being pulled out from you and when the fuse is being lit for moon missions it is easy to let it get to you and question your positions and strategy. There isnt a rhyme or reason to the coins in this list compared to ones that are struggling. When this has happened in the past though, IN GENERAL, legit projects usually get their turn. You may not know when or in what order though so my best advice is to…
We may be starting a nice orderly advance where BTC and ETH slowly move upwards while smaller caps have their jumps along the way and find new ranges to trade in. That doesn’t really feel like this market though. It is fun right now but there is a real chance for another marketwide drop or two before we enter the REAL uptrend. I dont know, no one knows, so dont buy anything you dont mind selling for a loss or holding onto for a long time.
What I’m Buying
Same thing from last week. Looking to catch some jumps, DASH has done well, XMR had some positive movements. If there is a pretty reasonable move up (30%+) that stalls out I have been just selling and moving on. It seems like the moves have come in big chunks, if you missed it, its probably too late to jump in. If you are lucky enough to catch some positive returns, moving it into the core and moonshots you have is not a bad idea. Usually the small caps (moonshots) see their run-ups after speculators make money on mid-caps and look for bigger returns. Not digging into any new coins right now. I am full time paying attention to crypto and at a computer all day so i can monitor positions and move quickly — if you dont have that luxury, be very careful, you dont want to be stuck in a meeting missing a pump and kicking yourself for it later. There is an immense amount of potential for financial gain in the years to come in this space, dont rush it and try to have some fun and learn something along the way.
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