This sideways market is a great time for crypto shopping! You take advantage of the general dips to buy cheap BTC, and then every now and then you trade some of that for promising looking altcoins.
I’m finally starting to feel like my old self again, able to partake in a few of these buying opportunities myself. I did so little trading in Q2 to Q4 of 2018 that I’d almost forgotten how much I enjoy it! Well, I’m pleased to report that I’m getting back into the swing of it. Last night I was trading and logging trades until so late that I was literally falling asleep at my keyboard, just like in the good old days! (Note: I do NOT recommend trading when you are very sleepy! I’ve made some nasty mistakes doing that in the past!)
Yesterday I wrote a post which linked you to some of my best posts from the first two months of this year, giving you a very good clue of what you should be looking at buying. The day before that I pointed out (again) how well some of the coins that I keep recommending are now doing, I warned you against ignoring what I have to say.
I don’t want to tempt fate, but I can honestly say that my crypto portfolio has climbed rapidly in 2019 – not just vs USD but vs BTC! I have multiple coins which have made significant increases – coins which I have spoken about over and over again in my blog posts.
Like all of my “Shopping Cart” posts, this post shows you that I take my own advice. It shows the faith I have in my own predictions and beliefs. It let’s you know that if you do buy the coins which I suggest, then you won’t be the only one.
Before buying a coin, I take a look at the market conditions: I don’t like to “buy high”, so I tend to pick coins which are priced low (relative to BTC) at the time. It’s important to note that I do make exceptions to this when I expect a coin to continue to grow for the foreseeable future – you will see such examples in today’s post. As always, I expect you to DYOR and to take responsibility for all your own crypto decisions, but I do write these posts to help you with that process, and I suggest that you use them accordingly. After all, if you don’t to listen to ol’ Bit Brain, who do you listen to?
Crypto Shopping Cart – 28 March
Funding the buys:
These buys were funded with fiat money, money which I am in the process of putting into crypto as described in THIS article. I’ve been delaying my March buys, waiting for the right time, but I finally took the opportunity of the small dip on 25/26 March to trigger a BTC buy (I used half of the funds which I allocated for this month). It wasn’t an optimal buy, but I’d rather be in at a sub-optimal price than not in at all. Let’s take a look at what I bought with that BTC…
What’s in the cart?
Rather obvious considering that I’ve just told you I bought this. But I mention it because unlike last month, this month I will be keeping some of my BTC as BTC. My standard suggestion to crypto investors is to retain about 10% of your crypto value in BTC. There are many reasons for doing this. I’ve never let my own BTC drop below about 8%. For now the crypto market is growing rapidly and altcoins should outperform BTC by a large margin, so it doesn’t make sense to hold larger quantities of BTC. Eventually over time I will slowly start moving money out of alts and into BTC and other physical assets (e.g. precious metals, art, property – anything but fiat!). I’ll have to make a lot more money before that can happen! For now I will try to maintain my 10% BTC ratio. Let’s get on to some of the more exciting coins.
DeepBrain Chain (DBC)
This coin continues to look promising and has yet to Moon. A.I. and decentralised computing is a great area to be investing in, all the more so if it is blockchain based. My DBC holdings were low so I boosted them a bit with a very small buy. Though it was small, my buy was enough to push my DBC holdings up to where they should be. That’s the advantage of the 2018 bear market: with a market cap of only just over $7 Mn, DBC is very cheap for what you are getting! It is now starting to climb fast, but the train has by no means left the station yet!
Officially the “Worldwide Asset eXchange”, WAX is my second favourite gaming coin after the now famous Enjin Coin (which I already hold enough of and is now possibly too expensive to be buying). I wouldn’t call WAX cheap, but it’s affordable. I didn’t buy as much as I wanted, but I bought enough to benefit from the rocket-like growth which WAX has a very good chance of experiencing.
I’m pretty sure that I said I won’t buy any more CargoX after my last buy. Proportionally I hold way more CXO tokens than I should.
CargoX has NOT done well in 2019, in fact it has dropped steadily in price. As an ICO investor in this project I know what CargoX is worth. I took a look at the company again yesterday (as one should always do just before you buy their coin!) and I can absolutely confirm thatthis coin should not be dropping in price!
That fact that it is makes it the deal of the century.
That’s not hyperbole, it’s no exaggeration.
I can not think of any other asset in any asset class that offers the potential reward to risk performance of CargoX.
I’m going to be blunt here, and I’ll make things easy for you – by telling you exactly what to do:
- Read this post of mine from mid-February: https://mentormarket.io/cryptocurrencies/bit-brain/cargox-if-you-havent-heard-of-it-you-need-to-read-this/
- Take note that CargoX is now cheaper than it was when that was written.
- Visit https://cargox.io/ and see the latest news – read outsider opinions and articles.
- SERIOUSLY consider investing in a coin with a market cap of less than $1.5 Mn and enormous potential!
I bought more CargoX, because it would have been stupid not to.
KuCoin Shares (KCS)
Another old favourite of mine. I’ve been slowly rebuilding my KCS stack ever since I made my largest crypto profit to date when I sold my old KCS stack. I’m not going to speak about KuCoin again now. If you want to know more about it then check the links I left in yesterday’s post – I’ve blogged about it many times.
Exchange coins have some of the brightest futures in the crypto world, and KuCoin is one of the best exchanges. Unlike Binance Coin, KCS is selling for a lot less – not cheap, but still affordable.
So far all the altcoins mentioned above were bought on KuCoin – one of my favourite exchanges. You can find my referral link to KuCoin in my signature if you don’t already have an account there. Please: be a nice person and use my link, I deserve it after giving you all this fantastic information for free! The rest of the coins in this post were all bought on Binance, my other favourite exchange. I have a Binance link in my signature too (for those people who have been living under a rock and have still not signed up with Binance ).
If there is a coin is this post that I’m not suggesting you buy, then it is this one. I hardly bought any of it at all. The only reason I bought it was because I held so little of it that I had to decide to either get rid of it or to get just a little more. It’s not a bad coin, so I decided to get a little more. I don’t know if it’s concept of a crypto search engine will ever work, so I guess investing in this one is really just a gamble for me, which is why I’ve invested so little. Before this buy I held so little NAS that I just left it on the exchange. The amount I had was so tiny that Binance kept bringing it up in my list of coins to be dusted into BNB! I’m only mentioning it for the sake of completeness.
Kyber Network (KNC)
Kyber is one of those tokens which is slowly going about its business while grabbing very little attention. It got a good recent boost thanks to continued integration (the same way that Enjin did), but it’s still undervalued. Once people realise how ubiquitous Kyber is, I foresee it running like crazy. I had almost as much Kyber as I wanted, but I bought a decent amount more yesterday. I now have more than I need, a decision which I am rather happy about.
It makes my heart bleed every time I see a business develop its own version of Civic (or THEKEY – which does the same thing). They defeat the entire purpose of having one verification service that works for everything – how very pointless! Hopefully more companies will wake up and start using Civic and/or THEKEY, it would help us all so much! I am TIREDof signing up and resubmitting my credentials to hundreds of different websites! I do think that Civic will eventually catch on, though it will probably take a lot longer than what I had hoped. It’s time for fellow blockchain companies to embrace the utility provided by Civic and THEKEY! If we as a crypto community can’t spearhead this, then who will?
I did it! I bought Holochain, just as I said I would!
I would have preferred a lower price, but Holo is so positively buoyant that I am no longer certain that it will continue to drop in price. I bit the bullet and went in. Apart from BTC, this was my biggest buy of this shopping trip. Read my Holochain guide in fours parts HERE (contains links to the other parts) or in one VERY BIG article HERE.
That concludes my shopping trip, now you know what I consider worth buying right now. Of course there are many other great coins out there like NEX or NEO, but I don’t want any more of those right now. This sideways period won’t last forever ladies and gentlemen, for some of these coins it is probably already over. Move fast or lose out.
Yours in crypto
“The secret to success: find out where people are going and get there first”
~ Mark Twain
“By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.”
~ John Maynard Keynes