I am following the strategy of HODL-ing and then preying to the dark lord so the market wont dump on me too much. But ye, the OPs strategy is solid, but its only doable in the bull market.
Well, it depends on what do you mean by trading. Day trading or swing trading, the latter one would be a best option for a novice ad the day trading can be nerve-wrecking even for an intermediate trader.
Well right now because of the domino effect which started with that fake GS news and that whale moving thousands of BTC. The market is still too young and fragile not to react to the news of such small significance.
I mean the token price is kinda irrelevant, their hard cap/total supply has much higher significance. But I agree with this sentiment, they should take into account the current market conditions and lower their funding goals.
I am not familiar with the project in the OPs post but I am quite excited about the upcoming project called Orca, they have already showed the transaction (bank transfer) from fiat to crypto in couple of minutes.
I seriously doubt it will break all those resistance lines and drop as low as sub 2K. I wouldn't be surprised if we would see 5K levels, but definitely not the sub 2K levels. But the space is unpredictable so who knows.
I see a lot of folks mentioning ICOBench. Dont even think about investing in the projects that are unrealistically highly rated there, pretty sure that the site works on the "pay 4 rate" principle. If you really need some guidance stick to ICODrops.
Now is the time to not even look at the projects who are a potential scam. Even investing in highly rated ICOs which have a sizable following is much riskier than last year for example. Just stay away from the ICO scene for now if you dont want to get burned.
I assume the main reason for that is the stagnation of the ICO market. It takes them more time to collect the wanted funds so subsequently they decide to extend the bounty campaign as well.