Crypto shopping cart – 11 December

Crypto shopping cart – 11 December
December 11 10:41 2018

The time to buy is now, I have said it often, it’s only getting more and more true as time passes.

Even if the bottom of the market isn’t in yet, it is better to buy than to miss out. When your Tron that costs $0.013 today is one day worth $50 per coin, you won’t care that you could have bought it for $0.011, you’ll just be glad that you did buy!

There are some remarkable “specials” available in the altcoin world. I went through my whole portfolio yesterday and I was shocked how little some of my coins were worth. I look at them every day of course, but it doesn’t always sink in how far they have fallen in price. I now hold single digit dollar values of many cryptos! This is a good thing for buyers, an excellent thing in fact. Perhaps I will suggest a few of these “specials” in an upcoming post.

Crypto shopping cart – 11 December

From http://www.pexels.com

What’s in the cart?

  • NEO
  • Binance Coin
  • KuCoin
  • Enjin

Funding the buys

It would be a poor show if I kept recommending buying to people, yet never did any buying myself. So I am, at least I am to the best of my ability. Due to a change in my work circumstances, I simply have absolutely no money at all available for cryptocurrencies, so I am having to find creative ways to buy crypto.

To miss out of such cheap prices would be crazy, and not something that I am willing to do, so I am doing whatever I can to scrape together whatever I can find to fund my buying. Previously I would have sold off a little STEEM, I don’t have much to sell, but it all helps. Right now the price of STEEM is too low to make that viable; chances are I can make more by holding my STEEM and waiting for it to increase in value, for that reason I’m not selling STEEM to fund other crypto buys.

What I did sell yesterday was my Ethereum Classic (ETC). I earn a small trickle of ETC from my surviving cloud mine. I think I caught ETC at a good price and I was happy to let it go in order to buy other cryptos. Before selling any coin I always do a mini-analysis of it. From a fundamental perspective I’m sorry to say that I don’t see a great future for the Ethereum clone. The few projects that run on the platform, and which they are bragging about, are what I would call “unimpressive”. I just can’t see how ETC will gain sufficient market differentiation, popularity and quality DApps to make it a success. I consider it over-valued (relative to the rest of the crypto market – not in fiat terms), so I sold it.

The other thing I did this weekend was to claim my Bitcoin Cash SV (BSV/BCHSV). My goodness, what a lengthy and terrible process! I should have used the Kraken method, but I’m not KYC’ed there and I thought the manual way would be quicker. I used the “Electron Cash Splitting” method at https://support.ledger.com/hc/en-us/articles/360012270054-Safely-claim-Bitcoin-Cash-SV-BSV-. As long as you follow the steps slowly and carefully, I wouldn’t say that it is difficult to do, provided that you have some experience with crypto wallets and exchanges. There are just so many steps and that each of the (many) Bitcoin Cash (BCH) transactions takes ages to confirm (even when I used larger transaction fees than recommended). Note that Bitcoin Cash and not Bitcoin Cash SV transactions were the slow ones. Maybe the wrong chain won…

Anyway, as the “loser” of the high-marketcap-just-another-bitcoin-clone war, I decided to sell my BSV. With the likes of Bitcoin, Litecoin, Zcash, Dash etc around, one must question if BCH itself is needed – I already sold half of mine earlier in the year. Like ETC, I don’t know if it will have a proper market in the future, and if BCH is doubtful, then BSV is even more so. So I sold it. And that’s how I funded this round of buying.

NEO

What can I say about NEO? It’s the coin I love and research so much that I can’t write a post about it because I have too much to say!

NEO has dropped from an ATH of very nearly $200 to almost $5.50 this week, now trading at roughly $6. In other words, NEO has dropped to below 3% of what it was once worth! To call this a “bargain” is to illustrate the woeful inadequacy of the English language when it comes to expressive superlatives. 

NEO is fantastic. Much better than Ethereum. Much better than EOS. Much better than, well… …anything! At this price it’s got more ROI potential than any other crypto, perhaps even CargoX (CXO). Even if you can only buy one single NEO coin then do so. I try to pick up a single every now and again with the funds I assemble. Imagine that those single coins were worth $200 again! Imagine that they go far beyond that! I think that they will.

I bought my latest NEO on Binance.

Binance Coin (BNB)

I don’t have to write much about Binance Coin because I did just only that five days ago. Read this post, it’s focussed mainly on the Binance DEX, but does cover BNB too: https://mentormarket.io/bitbrain/buy-nance/

I bought my latest BNB on Binance.

KuCoin Shares (KCS)

The little exchange that could. I’ve said many times how KCS made me more profits than any other crypto. I bought mine at far less than $1 and watched it hit $20, all in the space of a few months! Great news! KCS is available for well under $1 again! Yes folks, you get get TWO KCS for less than $1 right now!

When the markets pick up the exchange coins will fly upwards in value, especially the good exchange coins! KCS, like BNB, was one of the first. But KCS pays dividends…

I’ve written about Kucoin Exchange on several occasions, and I’ve mentioned it in many of my other posts. Take a look at these KuCoin specific posts:

There is a permanent referral link to both KuCoin and Binance at the bottom of every post I write. I’m also including referral links after each coin in this post, please use them. I bought my latest KCS on KuCoin.

Enjin coin (ENJ)

I bought BNB and NEO on the weekend and I bought KCS yesterday. In the interests of remaining diversified and splitting risk, I like to buy more than one coin at a time, though I didn’t have enough money to justify buying more than two. This left me with a problem: which other coin to buy. There were some very strong contenders: CargoX (CXO), carVertical (CV), Aphelion (APH) and especially Covesting (COV), but my coin was another old favourite: Enjin coin.

The misnamed Enjin coin (it’s actually a token) has picked up some nice, steady volume and looks poised to take off against BTC.

From https://coinmarketcap.com/currencies/enjin-coin/

If you want to know more about Enjin coin and why it has such a bright future, then I strongly recommend this excellent three-part series about gaming coins: (I know that it’s excellent because I wrote it myself)

I bought my latest ENJ on KuCoin.

So that’s what I’ve been up to lately with my own trades. I really suggest buying at this time, the offers are too good to pass up. And if, like me, you don’t have money for purchases, then get a bit creative and see what you can swap around to get yourself a few of these extremely undervalued coins and tokens. 

Yours in cheap crypto

Bit Brain

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About Article Author

Bit Brain
Bit Brain

A walking crypto encyclopedia. Honest, Realistic, Opinionated. Futurist, Autodidact, Polymath.

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