Well, well, well this is promising isn't it?
- Bitcoin price Exploded in 1 hot hour last night -
Time for another Crypto blog as it's been a while since I put my thoughts down.
The Crypto Total Market Cap has raised from 269 billion USD to 314 billion USD in the last 24 hours in what some are saying could be the first real sign we are pulling out of this Bear market.
Over the last few months I have been doing what a lot of other investors have and that is just building up the port folio whilst prices are cheap.
If you have an unwavering faith in Blockchain technology like I do you know some of the Alt Coin projects on the Blockchain are going to be successful in the long term.
It is not a matter of if, it is a matter of when.
The problem is there are so many out there and a lot are competing in the same space so will surely cannibalize each other.
Some will emerge as winners and make their early investors very rich indeed.
Others will not be so fortunate and will fall away leaving their investors the difficult decision of when to jump ship on them.
We don't know which ones will end up the winners and losers so all we can do is buy into the most promising projects and diversify.
At the same time you don't want to spread yourself too thin buy having a very little bit in 100's of different coins.
This strategy won't work either so at some point you have got to commit to a set amount you like the best.
This bear market has been a fantastic opportunity for even the average wage earner like myself to build up meaningful positions in a good range of Alt Coins.
- Verge has been copping a lot of cynicism since announcing it will have a huge new partner annoucement on the 17th of April. Despite this, the market is buying it up and it's price was at 12c AUD last I checked -
I have built up nice positions in popular coins that have been hyped in the past like Verge, Ripple, Lisk, Tron, Cardano, Stellar, Dragonchain, Substratum, Iota, Wabi to name a few.
This bear market has also enabled me to to buy a decent amount into I guess you would call them lesser known/lesser hyped projects I like, like Nebulas, Lunyr, Aelf, Rchain, Appcoins, Wax, UTrust, Odyssey, DeepBrain Chain to name a few again.
Problem is there are just so many great ones still out there that I want to get into before the bull market really kicks in and they cost top dollar to buy.
Ontology and Nucleus Vision are a couple that keep getting hyped that I need more time to get into!
I have been a fan of Wanchain, Loopring, Icon, Metal, Waves, Aeternity, Neblio, Ark and more that I still have not got to yet.
Don't even start me on NEO and how much money I believe we could all make if we buy that up now at it's current price.
- oh how I want some of this before it's price explodes -
So I find myself in a strange position.
Whilst it is nice to wake up to Green everywhere and awesome to see the Alt Folio go up by a lot since Tuesday, I still have this FOMO (Fear of Missing Out) pit in my stomach.
Half of me wants another crash. Not a big one just a mini one to keep prices in check until I feel like I have really cashed in on this bear market.
It's the gamblers curse coming out in me.
A real gambler %99 of the time never really feels like they have won.
You either should of been on something that won, or you were one something that won but should have had more.
You then curse yourself for not being braver.
We a miserable lot, I know.
So right now, if a Bull Market was too arrive in full swing, I know I would be kicking myself that I wasn't braver and didn't go harder in this Bear Market.
How much is enough?
Nothing will ever be enough for punters like me and FOMO will come no matter how much I amass before the Bull Market arrives.
However, I am going to be a little selfish here and barrack for this bear market to stay just for a little longer.
Say 1 more month.
Just give me 1 more month of stocktake sale prices please Crypto Gods?
Am I crazy right now, or do you find yourself agreeing with me?
I'd love to hear your thoughts in the comments below.
Thanks for Reading and I will be sure to be back with some more Crypto Blogs soon.
Keep Chasing that Dragon
- Dahmsy79