Hello Steemaliens
Today the overall market is down again. Most coins down over 10% or more and the market cap dropping.
So you ask why I say I'm up if the market is down? I say this because now is a great time to get those extra coins in your portfolio. Infact I'm thrilled at this opportunity because soon it will be gone. Buying now at these lows will insure great return on your investments down the road. Now your probably thinking we'll what if this is it and it keeps on going down? The answer to that is following the numbers like the market cap, 24hr volume and by looking at the coins history which may be the most important. If you can see where the coin has been and it's down now you can get a good idea of where it can go. Although you must remember that you can't make a real prediction as nobody knows what will happen next. And you must be careful every step of the way on your journey.
Let's look at Litecoin as a example.
Looking at the above chart you can see where the price was high in May and dipped down in June. Looking at that you have a idea of where the price may go from here on.
Now this is very basic tips for following a coin and investing in its future. If you are making a bigger investment I do recommend doing a lot more research and following of the coin or coins that you have chose. Also remember the golden rule! Never invest more than you are willing to lose.
So today while everything is down take the opportunity if you can to invest a little more for the future. There are plenty of good coins with promising futures. So buy now while it's low and watch it grow. I will get into some that I have been involved with in another post.
Until then happy ventures & thanks for stopping by and I hope this helps some of you out.
Steem On :)
that golden rule never invest in more than you are willing to lose hmm.. too late for that! litecoin seems to have remained the only survivor i hear it's from Bitcoin being so slow they're using now litecoin instead.
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Litecoin will be way up in the future.
Thanks for stopping by & Steem on :)
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I find this all very interesting.
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lol
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This is the perfect time when we see a rise sometime this month , a lot of profit will be seen !
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I agree! Thanks for stopping by.
Steem on :)
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You you predict it coming back up any time soon?
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I think there will be some more ups and down this week before it's goes up steady again. Maybe even after Segwit possibly.
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Excellent work dear friend @jcsteem, a very interesting post
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Thanks for stopping by & commenting.
Steem on my friend :)
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I am new to this and have been hesitant to do anything. I don't have that much I can lose so it's good to hear the prices will get down enough to buy and see continuous profits. The lower the better. Thanks for all you do to keep us informed. Much appreciated. 100% Upvoted
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Thank you!
I will be doing more of these posts in the future.
Steem On :)
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