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RE: Major cryptocurrency market correction in effect, is now the time to buy buy buy?

in #cryptocurrency • 7 years ago

One of the best trading strategies is to buy when people fear/hate the product and sell when it's reaching the most hype.

Keeping that in mind, now is the perfect time to buy into a new coin or top off on one that you're already holding. All of my money is already tied up in investments, but if it wasn't, I'd add more to $VEN and $XVG. I really think that once it finishes consolidating, $XVG is going to break out and increase in value. It's currently half the price that it was when I bought in, so I'm looking at it and feeling all kinds of FOMO right now.

7 years ago in #cryptocurrency by
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     7 years ago (edited) 

    I don't know mate, be careful with those picks, and maybe start adding some dough into some alpha-grade coins and tokens too going forward... just my 2 satoshis anyway.

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     7 years ago  

    I'll back VEN through and through, but I must admit that XVG is my YOLOcoin.

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       7 years ago  

      The market is already oversaturated with privacy coins like XVG. Look at next gen smart contract coins like EOS. They just announced 1 billion USD to be used for VC funding to build dapps on the EOS platform. That will add a lot of value to EOS.

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       7 years ago  

      I don't personally see any value there, but good luck!