"Buy When There's Blood in the Streets, Even if the Blood is Your Own." - Baron Rothschild
I am seeing so many people trash talk some good projects because they happen to be down during this Bitcoin rally. I admit that most of the negative chatter is from new people to crypto who just went through a period when Bitcoin and Altcoins rose together.
In the world of Bitcoin, that I have known, over the years this was never the case. Traditionally Bitcoin and Altcoins are more like watching a see saw. Bitcoin is on top for a while and then altcoins get their turn. Due to the recent FUD of Bitcoin that was not the case. Now we are seeing the market normalize and Bitcoin is catching up to where it would have been without the battle over block size.
Bitcoin is Still the Champion.
Over the last 8 months there was plenty of talk that Bitcoin will be pushed aside as altcoins like Ethereum, Monero and Dash rise to power. Well, that worked when Bitcoin was having a civil war but now that the war has paused we get a glimpse of the future.
I am not a Bitcoin maximalist by any means but I do want to remind people of the days of Crypto Currency trading prior to the Bitcoin civil war. Our market is changing and the new people will have no idea what transpired over the last 8 months. It will be up to us to share the stories of Crypto Past. History always repeats and the new folks have no idea what is happening.
What I am Doing?
I personally believe this meteoric rise in Bitcoin will slow down next week. It is possible that the price corrects. This is normal behavior and should be expected after this insanity. So I have begun buying quality altcoin projects again. My favorite is Stratis as I have been saying for months. I also own Flashcoin (available on Cryptopia and Coinomi), Expanse, PIVX, ZenCash and Cloakcoin. I plan to add a few more but have not decided which ones yet. I tend to go for the ones that have been hit the hardest. Steem has been steady and could see a healthy rise also.
So proceed with caution, this Bitcoin rise could continue for a while but I am taking my Bitcoin profits from trading and buying up cheap alts. I also took some Bitcoin to cash.
I'm pretty happy with my ARK right now. My cryptos are BTC, BCC, LTC PIVX ARK Zen Byteball Steem, Lisk and Strat. I'm currently watching NEO and TenX (Pay). May have to hop on the last two on the next pullback. Good luck on your investments
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Nice list Pete! Did you see the latest news about Stratis? https://news.bitcoin.com/breeze-wallet-integrates-trustless-payment-hub-tumblebit/
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Great share. Increased privacy is music to my ears. Long STRAT!
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I'm long Stratis and I took the opportunity this last week-end to add to my holding, people are really dumb to trash it to jump on skyrocketing projects like NEO that might soon run out of steam
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I didn't know this news, i have some stratis to sell in at least 330000 satoshis :). Thanks for sharing
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It went under the radar during all the NEO and BTC hype.
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Yes man there are many solid projects to invest now with amazing prices, as TenX,Aternity,dash,LTC and Maid.
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I am long STRAT but I'm not watching it. I have faith it will be huge within five years, probably less than one year.
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It's been moving sideways for a while now. I'm sure it could make a move soon. Ark and Lisk are looking good right now. Keep an eye on those two.
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Yes, they are on my #2 list. I don't have enough money to buy everything on my #1 list yet, but when I do I also have Lisk in mind especially.
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I think you did the right thing to take some profit at least. In my opinion, Bitcoin can go to 5000 before it corrects but the closer it gets to 5000, the riskier it is to hold it unless you're a hardcore fan like Jeff Bewrick who apparently never sells!
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You can't really argue against some one like Jeff though (even if you don't agree). I mean no matter how big the correction will be for Bitcoin the long term trend is still a steady uphill climb.
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I live off of my crypto so we have to take profits sometimes.
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Still holding my BTC, but seeing ETH as the future #1 and what I mainly buy into now
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Thanks fore the article, I loaded more on Exp, Waves and Strat these last couple of days plus bought for the first time DNT, CVC and PAY, what do you think of them ?
I'm a long term hodler
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CVC will do well because of the team. I don't know the other two projects. There are so many that it is tough to keep up sometimes.
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Thanks for your feedback, much appreciated
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It seems like Bitcoin will have to correct after awhile. Let's see. When the common people start buying at it's heights then that is the signal.
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its nearly at the peak from where it could fall now :)
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Boom, and it happened!
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Very useful information man in my case i want to see a correction in price and buy some alts with cheap prices
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Good pics. I like to Zencash, Expanse, and Pivx. I also like IOTA but I think it's hard to buy for someone in the U.S. right now what with Bitfinex not allowing U.S. customers anymore.
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That is a great group of tokens.I am excited to see what the teams do in the coming months. They are all working on amazing upgrades.
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I agree, a slight bitcoin correction is around the corner. I kinda funny when I logged in facebook and see people posting that they bought some bitcoin today, WTH haha
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Seriously, the old goats are taking profits. Always follow the wise ones.
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It's hilarious, always follow the wise ones :)
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Thank you for my "continuing education" program in coins.
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@hilarski - This game made me poor Sire. All investments on few alt coins made me poor so far. I don't know whether they will up again. But I will not leave this market. Will try again for a better future. Thank you for sharing this useful article Sire.
+W+
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Thanks for sharing your point of view my friend :D
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@hilarski,
You are absolutely correct. People who joined few weeks ago in this crypto field, just say trash about ALTs like ETH, XMR, XRP, LTC and they are believing in new ICOs. Some of them argued and say we don't know. Yeah I am not an ICO lover, coz I have bad experiences with few ICO & ITo projects. But as you said here BTC and ALTs are two sides of a same coin. When one going up then other one will fail.
Few weeks ago there was a bubble, and we have experienced a huge price drop. Then we could see a lot of fake pulses in the market. Some coins just appeared and disappeared into thin air. Actually it's complicated now. Sometimes I might feel WTH is this or WTF is going on... :/
But again this is the nature of this market, and we need to stay focus, stay patient.
Really appreciate your article. Your explanation about this market crisis is really useful. And after all ALTs will rise and we will say "Feeling Awesome"!!!
Thanks for sharing such useful post! Really appreciate your effort!
Cheers~
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Interesting you mentioned Stratis as your cryptocurrency of interest!
I too recently recognized Stratis as having big potential as it's market cap is hugely undervalued (esp. compared to NEO which is very similar). I just wrote a post on this trying to get this message out, would appreciate any upvotes or Resteems since I have a small following and I'm trying to reach as many people as possible:
https://steemit.com/cryptocurrency/@pandorasbox/stratis-is-looking-very-cheap-and-undervalued-right-now-similar-to-neo-but-for-western-markets-corporate-oriented-microsoft-co
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I agree with you, there will be a correction on bitcoin price. the sky rocket seems so high at the moment. 😃😃
lucky for those who has the BTC before the Hardfork. 😂
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would be interested in hearing more about Flash.
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I will be writing an update post soon. The team is working on multiple important developments.
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All altcoins are getting squeezed at the moment while bitcoin gets pumped.
Its dominance is over 50% which is absolutely crazy.
I missed out on the DNT train but at the moment I've invested in PAY, Stratis, EOS and OMG
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I wish i had more funds to invest also in some other coins I believe in. I know holding bitcoin, IOTA and steem. Waves will be a good one too I think. Bitcoin was indeed correcting, but I think it will soon rise higher and keep going. Thanks for your tought they are very valuable!
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i try to keep in mind to take a long term view
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I think BTC price will correct after segwit,unfortunately I didn't bought NEO at low, but I have bought some other altcoins , Litecoin and NEM are my favorites.
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I agree with you, the hype is going to slow down and with it a correction will come. I also believe in Stratis being a great bet right now and I am picking up a little more myself while it dips.
Do you have any predictions of where the market will go by the end of the year?
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Check out the latest on Stratis. I think the Crypto Market Cap will double by the end of the year. https://news.bitcoin.com/breeze-wallet-integrates-trustless-payment-hub-tumblebit/
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Just sold 35% of my btc at $4320 and bought NEO, XVG, ANT and TenX.
Bittrex price right now
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Great choice with NEO!
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Cual seria desde tu punto de vista una de las mejores entre estos proyectos?
EOS, SNM, PAY y CIVIC, entre ellos cual tiene mas futuro de escalar la montaña?.
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That's right @hilarki. This post is very educational. Thank you for the knowledge
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Definitely worth an upvote and a resteem :]
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Well said. Greed is a scary thing during these times...
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wonder when 1 might surpass btc..or will such a time ever come? :D
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Sure it could happen but not likely for a few years.
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Thanks for the information. I find it hard sometimes to pull the get out trigger.
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It wil be gouing down i guess!
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great article , keep the good work
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Like a lot of people I thought the correction was starting last night, but of course we bounced at the last. I take the last five days as the market not being able to make up its mind what it thinks of BTC vs. BCH.
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