Only Time Will Tell. Wow that was a great song.
Sorry, lost focus. Observing the cryptocurrency market after dipping a toe in last October has been fascinating. The fluctuations, ups and downs have been breathtaking. It definitely felt like a moment where everyone was rushing in due to FOMO and nothing else. There is so much crap out there and so many idiots on YouTube making crypto videos it actually scared me. I have traded options through many up and down markets and you could sense that the crowd was going to put a top in.
The BitConnect story of yesterday will instill some serious fear into everyday folks who see their Coinbase account down 50% over the course of a month and we will continue to follow some more of this market cleansing.
In the end, these market phases are a good thing. Send the weak hands packing, let the smart crypto investors buy up some coins at relatively low prices.
Big news - I sent some coins from Coinbase to Bittrex - it works!
Sorry, lost focus again.
Currently, I am looking at EOS, Powerledger, Stellar, Lisk and Civic as potential buys although I have yet to determine my buy prices since I have more research to do. Hopefully the downturn sticks for a while, the market has to digest these price movements a bit.
What are your favorite long term coin buys in this downturn?
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