Cryptocurrency - Buying strategy and wishlist!
Past Experience
I have purchased Neo when it was called antshares at $2 and later sold at $6, I remember antshares reaching $15 when it wasn't rebranded to Neo and bitcoin was making new high by reaching $3000 mark. Later bitcoin crashed to $1700 and antshares went to $4.75 (fortunately, I purchased at that level) and saw its price surging to $57.
Today
- I don't believe in purchasing aggressively rather I believe in averaging out purchases in such volatile markets.
- There are multiple dimensions for prices going up and down that include demand, supply, hype, rumors, corporate players, market regulators, bots, etc. but the biggest factor that makes the difference is fundamental of that crypto currency i.e. what they are doing and how different they are from rest of the cryptos.
Investing Strategy
Strategy should be to closely monitor bitcoin prices, the ups & downs of bitcoin can tell big stories for the alt coins as we all know. But every time bitcoin reaches a significant life time high, it tends to crash so that it can bounce back to perform even better.
Wishlist
My wishlist at this time in the market (when it is having a down trend) is to purchase and average out following
| Crypto | Price Range | Expected Target |
|---|---|---|
| Neo | at $ 20 and below | $50 |
| Qtum | at $ 10 and below | $25 |
| Stratis | below $ 5 | $10 |
| Nexus | at $ 2.5 and below | $4 |
| BTC | around $ 3200 and below | $5000+ |
Based on my previous experiences, getting such good prices is not something you will see frequently; specially when the crypto space has inflated over $ 150 Billion (1024% growth from last year).
At this time in market the mantra to make profit is:
Buy today and forget, rest ensure you will make profit in coming months.
This post has received a 4.12 % upvote from @booster thanks to: @sidharth.
I like this strategy, it makes sense. Upvoted and followed! I don't do crypto often but if you wanna check my blog out and follow if you like it! Have a good day!