Looking for coins that are down now
Hi everyone I'm looking for coins that are down right now in this bull market any suggestions? Only coins that aren't a scam please. I'm looking for coins with good projects behind them.
Hi everyone I'm looking for coins that are down right now in this bull market any suggestions? Only coins that aren't a scam please. I'm looking for coins with good projects behind them.
If you are looking to hold for 6-12 months at least, here are a few that I find undervalued at the moment:
NEO - this is still undervalued and will become China's Ethereum. Dropped abt 20% over the last week over concerns that has been misunderstood by western media. The Chinese don't allow and build their first blockchain just to abandon it.
OMG - this is a nobrainer as the mother company Omise has 50k+ merchants ready to adopt it when they go to their own blockchain in Q1-2018. It will also cater for the 70%+ unbanked people in south east Asia. Still undervalued but rising rapidly and more news to come in Sep.
Lisk - going to rebrand in Sep and has great potential. So far there has been close to zero marketing. Major release in Dec-17 and value should shoot up before end of year.
Golem - you can buy them close to the value on their balance sheet. Provides distributed computing power for CGI - and this is just their first application. Super cheap and has huge potential.
Thanks so much for this great answer I will look into all them:)
You're welcome. My advice is to read up on your potential investments and only put funds into those you understand and believe in (it also makes life easier when price retraces - which it always does at some point). If it's hard to understand, often there is not clear business model behind.
Be an investor - not a speculator.
What do you think of Iota?
I've looked into it a bit and decided to leave it alone on the basis that I feel their business model not being focused enough. All sorts of things are made possible by IOT (god & bad) - but I want to catch the projects that are trying to solve the big common problems and have a potential to grab a large cut of what the global corporations have been raking in this far.
Once that decision is made, entries should always be technical, i.e. in retracements if possible using whatever method that fits - but if the fundamentals are not there, I just leave it alone.
Reddcoin looks good on the daily chart as it has retraced to the .78 fibonnaci level which is always a great entry point.