AVOID THIS BIG MISTAKE HAPPENING WITH CRYPTOS

in #cryptocurrency3 years ago

As the crypto markets show a slight rebound, it will soon be a good time to change around your holdings. i would be saying this because we see big mistakes being made by some people.

I get a lot of questions about "what about ___ token" and "can you give more cryptos that may start going to the moon."

Realistically, it isn't worth responding to these questions because I can't "force" good cryptos to come out and take off.

So, the mistake that is being made is that people are getting FOMO (Fear Of Missing Out) and hoping that there is a "secret" token that is going to take off overnight.
altcoins.original.jpg
Are there small cryptos that are super cheap with good potential? Yes...but nothing is going to "take off" right now. Also, rather than spread your holdings across so many cryptos, it is better to wait and let the good ones rise over time. Many of these small ones will be crushed.

This article by CNBC https://www.cnbc.com/2018/07/02/over-800-cryptocurrencies-are-now-dead-as-bitcoin-feels-pressure.html isn't exactly accurate, but it points out that over 800 cryptos are "dead." Some of these will go up and were perhaps launched at a poor time in the market and aren't truly dead. However, we believe many of the bad projects, scams, and short sighted cryptos will die off in the next 6-12 months. Regulators may put some out of commissions as well.

So, the moral of the story is...stay focused on less cryptos that have big potential vs more cryptos worrying that you may miss out. When they go up some, consider selling some of those junk cryptos.

If you're looking for a good one that has been pretty stable then consider, Binance Coin (BNB). Just look at the chart...it is actually slowly trending up since the big dip back in January. Binance is a growing exchange with a lot of good potential that is a real world project actually doing things in the market, unlike many other cryptos.
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Everyone is waiting for Institutional money to enter into crypto space. There are lots of positive news around the world. so many projects are coming, partnerships and all. so market will bounce back in next 2 months.

i really hope so to man i believe in the tech .

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