Which Cryptocurrency Would I Buy During This Bear Market? | Q&A #16

in cryptocurrency •  7 years ago  (edited)

In today's Q&A, I'll be addressing the following questions:

Jose Roura - What are your favourite solid long term projects to buy on the dip?

Paul - There still seems to be only a few really killer apps on Ethereum at the moment (cryptokitties, maybe some others). Do you think that Raiden and Plasma are Ethereu's last throw of the dice? Does it have a future if these fail to gain traction?

Ralph Raymond - What are your thoughts on how to make altcoins less dependent on the performance of Bitcoin?

Yannick Vankerkhove - Do you think it's beneficial for the blockchain technology to have this many independent cryptocurrencies?

Pedja Markovic - Thoughts on DigixDAO and the upcoming DGX token (backed by gold)?

DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.

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Litecoin all the way. The plan for the year is looking incredibly promising and it is so undervalued compared to similar coins. Especially in this bear market. Monero aswell but that goes without saying ;)

I particularly like Litecoin and Monero, lol, although for different reasons. I always thought of Litecoin as being the fast brother to Bitcoin, and Monero has a name in Esperanto, which is my favorite language :PPP (it means "coin")

Monero because it is the only truly private coin. It also has a rate of inflation which caps once the total supply is reached, which is not a bad thing for a currency in spite of what btc advocates may think and it has a very strong dedicated team of developers. I agree about Litecoin, i like it for the same reason :)

i also think bitcoin is best,it surely has promising future and security as compared to others

well

Ability to exhange directly to fiat or use wit a debt card would make coins less depenfent on bitcoin. Other than that actual apps with clear purpose.

That's a really great point that I didn't mention

You are great, Now the cryptocurrency market is going to get worse, after some time I will try to buy something but I do not think it will be good now. Now that the market is in a very bad situation, we should wait for our good time as expected. I would like to say you thanks for everything. I respect you. You can write everything pretty well. I find the sweetness in your writing. You are an outstanding personality. Thanks for all your activities.

  ·  7 years ago (edited)

I will prefer to invest on Bitcoin, because there is high tendency to retain his bullish status, I think this is the best time to invest, am optimistics better day ahead.thank you @louisthomas for this review.

Thanks for the answers Louis, I also had the same concerns as the people who asked you the questions. Your opinion is always quite informative and useful.

all in on $dollar and $bank

If you plan to pay with your countries native fiat, buying the Dip during a bear market makes a lot of sense. Most crypto trading is tethered to Bitcoin however by means of the exchanges that do not trade Fiat pairs but instead trade the Bitcoin ratio. Some pairs to consider buying if you believe in the long term uptrend of the market would be

BTC/ETH

BTC/LTC

BTC/XMR

BTC/NAV

BTC/ZEC

BTC/OMG

And about 20 other reasonable coins in the top 100coins.

In my opinion, now is as good a time as ever to pick up ALT coins. With the entire market around crypto booming right now the Alts are obviously going to be moving up with the trend of the market as we've seen the past few months. But what past dips have shown us is that a great opportunity to take up new position is before BTC starts to fall, when your Bitcoin is more valuable and the altcoins ratios are dropping and being overshadowed by the big players. The rationale being that your alts ratio against BTC will raise as bitcoins price decreases and money scatters to buy up the cheap coins you now already hold, thus giving the opportunity to acquire more BTC by trading away your alts on large swings before the next BTC rally ensues.

I believe bitcoins

i love bitcoins!!!!

My pick for a safe haven crypto during this bear market would be BTC because all the alt-coins are correlated with it and BTC is gaining value relative to the alt-coins. Also the roll out off scaling solutions for BTC may also undercut the use case for alt-coins and the crypto bear market may cause valuations to be revised downwards. If this happens there may be a case for buying ETH, MONERO and NEO if they weaken significantly. In terms of working DAPPS deployed within a working ecosystem the only such candidate I can see is STEEM.

i hodl ripple and steem and thats all.. next 2-3 years it will be painfull..why didnt we sell everything in december/january.. i dont expext positive news next 2-3 years. thanks for doing these videos

Ralph Raymond - What are your thoughts on how to make altcoins less dependent on the performance of Bitcoin?

This was the question that I had in my mind..
Bitcoin is the king of cryptos right now obviously but I hope the others catch up especially Steem

Cryptocurrency is no longer a good market, I want to invest a lot here but now it is not like the investment in the cryptocurrency market that is worth the money. I wish the market is good to exchange something which depends on the cryptocurrency market. Now many people refrain from investing, we should wait for good time. Before investing in cryptocurrency, you will see how the market is now. It is a big thing.

You're right, until FOMO takes over...

  ·  7 years ago (edited)

followers of cryptoz will make ur life hell...we can never criticize cryptoz or they will eat you alive.

may be we are soo brainwashed that it our new religion.

Let's see how far the market continues, we can expect very soon to get a good market.

yes... wait for march to end :)

I hope so.

Interesting Q&A and very well answers, have good day.

Eos. lml

Hi Louis, I thought you moved on from Crypto? After your video saying bye to crypto I also made a turn by investing more time in the stock market.

How about buying some Bear coins for a change? 😜

I guess you know better than anyone here ....so leave the question to you.😀

Cryptocurrency is such a powerful concept that it can almost overturn governments. I know about the major fall of the crypto currencies . But trust me it just a road block and nothing else. Everything will go back to normal again. And I think BTC and etherium are both great choices. They sure went down very quickly and they will come up even faster. So I think these are the best options.

I like your all posts its very nice post