Ripple, dash, Iota, Monero - a general macro observation

in life •  7 years ago 

Dash, ripple, iota, monero - based on reading around various forums/communities etc, it seems the community thinks one of these 4 coins is going to be the next to hit coinbase. And this has been in reflected in the price I believe, being one of the catalysts fueling the fire for this big price action on large market cap coins (usually something reserved for the smaller coins).

With that being said, I think it's fair to say whichever is listed on coinbase will absolutely go parabolic, and who knows where it end up. I also think it's fair to say that since these coins are likely being pumped in anticipation of a coinbase price spike, the ones that don't get on will likely dip hard.

However nothing fundamental about the coins changed recently, this pump and subsequent dump is purely speculative, essentially gambling on which coin they think will be on coinbase.

So if you want to play this market I see two or 3 options.

-Basically gamble and put money on one and hope your right - not particularly wise IMO but hey if you wanna gamble then giddy up.

  • Put a 25% of how much total money you want to invest into each coin. They all will likely go up until coinbase makes it official, so you can buy into all 4 and set trailing stop losses - when the coin that gets on, well, gets on, you'll likely make nice gains on that and in the mean time you can ride the bull wave on these 4 whilst setting the stop losses so you don't get burned when the other 3 likely dip. You should end up with a solid net profit if you stay on top of it.

  • Wait until the coinbase announcement is made, and let the ones that didn't get on drop in price, then buy in. Logic being that these are strong, fundamentally sound coins that will rise over the next year. So you can try and wait for their market to dip and get in cheap and then just do some long term hodling.

I'd personally go with option 2 or 3, I think they are both fairly strong with decent risk mitigation - here's the cons to each. Option 2 assumes this bull run for them will keep going, this may not be the case. Option 3 assumes the coins that don't make it will dip deep, which is a reasonable assumption but it may not happen. If they do dip, I think this will proove to be the best roi long term, but again it's predicated on a condition that may not happen.

I spose the moral of story is there's many ways to play the game, and no certainty only probability. I think it wise to figure out your options and what you think are the probabilities of those options relative to the others and then execute on it. This was just an example of that thought process on a big macro trend occuring in the market right now.

-best

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Nice article! ;)

  ·  7 years ago (edited)

Thanks friend, following :)

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Ty original works

This post has received a 1.04 % upvote from @drotto thanks to: @ant884.

Ty drotto

Good post i follow you

thanks friend, same here

Really smart way to hedge on coin base adding one of these guys. Thanks for posting friend! Upped!

thanks buddy