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Holding is not always the best advice. Neither is buying back in during a market upswing, even if a project is down recently.
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Well, the good news is we didn't crash as hard as we did last time. The floor seems to getting higher and higher. I hope I'm right here.
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Thousands have lost A LOT of money since JAN and that's becoming the main stream title. What do you think needs to happen for relations to improve?
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For now, its going down. When i say down I mean overall in next 9 days maybe. Short up from this point then people will take profit and then down.
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Bitcoin is very unstable at the moment, mostly because the threat of BTC whales cashing out still from the mtGox fiasco couple years back, + SEC news and japan regulation is hitting the markets hard.
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A run to 4-5 trillion USD in MCap followed by a +-60% correction to +-2trillion USD (assuming the purchasing power of the USD stays around the same as now)
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Get some TKY. This is government backed and has the worlds largest corporations backing it. It’s cheaper then the ico price now.
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NEO is used for a whole range of real-world applications. It's top notch when it comes to adoption. Its adoption rate is only challenged by Dogecoin.
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Right now, do not buy alts. I'd hold BTC or ETH. Those alts will not bounce back until bitcoin makes a run and people pull profits.
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Don't look at the price for the next few weeks (months). If you can, learn more about the tech and applications, and spread the word and adoption of the tech. The price will recover eventually.
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A fundamental valuation is meaningless since crypto doesn't have any revenue generation capability or GDP, it just has historical price growth. Then again it's disingenuous to use a currency valuation model or another variation of CAPM, so since half the sub talks about good "fundies" they must've come up with a better financial valuation model.
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