In these Markets, I apply the saying of one of my mentors in stock markets,"You should know exactly when to sell, when to hold and when to buy, when everyone else is holding strong, its time to sell, when everyone else is panicking and selling because of price dumps, you should start purchasing slowly".
So according to me, I will start purchasing slowly again now, so when the price rises again, I will sell a little bit and hold a little bit.
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Good advice, sometimes it is difficult to overcome our emotions, but it is necessary. What are you looking at accumulating during this correction?
Personally I think ETC,LTC,STEEM and a few other ERC 20 tokens remain an attractive buy.
That's why I have bought ETH, ETC and LTC when they were in their 7's or 8's and gas been holding them till now, so if they come a little low, it doesn't bother me much. It will not bother me even if they come to half their value. I came to know about steemit a month ago, invested 2000$ in SP and been posting since.
While trading we have to set aside our emotions.
Nice. I still think ETC,ETH, and LTC have a lot of room for growth from here. It will be interesting what happens with LTC with SegWit and BTC scaling.
Glad to see you took an investment in the platform :)
Thanks. Hope everything works out good.
Which of the three do you see doing the best over the next few months? I'm thinking actually ETC with it not only getting listed on BTCC but many other good things happening. This includes a possible hard cap on tokens, Silbert’s Grayscale Ethereum Classic Investment Trust, and a lot more developers joining with Scala programming language released later this year. What do you think?
I am not a huge trader and it is hard to say but I think, ETH Longterm, LTC has a lot of potential but imo is a little risky (but I am a big fan) and I agree with your analysis of ETC. I would tend to agree that ETC has the most potential in the short term, but anything can happen in crypto.
Nice analysis I think I'm with you. ETH long term but I think ETC might have some big gains soon. LTC could go either way. Best of luck to all of us!
Yes I think that is one strategy that people use. I think one of the key things is to have a strategy rather than panicking!
I agree.