Hey Steemit what’s up, aren’t you out shopping yet? Omg If not, go out there and start with the cryptocurrency shopping. After the recent market correction the prices of most Crypto coins have dropped again, and it’s not every day that we gets to buy these coins at such low prices.
Image Credits: Bitcoin.com
So see this as a very good opportunity and don’t miss this chance. I would suggest buy instantly with 50% of your funds and save the other 50% to buy later if the prices drops further and thereby you won’t miss another opportunity. If you won’t have time to analyze the graphs and monitor the price changes I would suggest place couple of buy orders but, don’t get greedy and set the buy orders way low.
If you would ask me what coin to buy my first preference would be Ethereum, because almost every ICO is depended on ETH, and now a days we see a lot of people investing in ICOs, and Eth have been growing so well regardless of market crashes and we never gets to hear anything negative about Eth unlike other coins, if you would have noticed Eth is least affected by market crashes. My second preference would be NEO as it keeps growing very well and has a lot of potential. You can also go for other altcoins, but since more alts are bleeding due to the price drops my advice would be to go for long term coins which would give better ROI by "hodling”.
If you have enough funds, split your funds between different coins not just Eth and NEO. I hope you would enjoy this shopping season, happy shopping :)
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I know technical analysis isn't usually useful in cryptocurrencies, but I'd like to point out that we've been in a downward slope for almost 2 months now and the total volume has gone down significantly. I don't see the potential of a major upwards movement unless market movers starts pumping the prices up. I think we all should be humble and invest smart. (:
Discount time boys.
"The time to buy is when there's blood in the streets." N. Rothschild
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