My Cryptocurrency Investing Plan For The Month Of October
The month of September was fun in the crypto world, different event came up, the ban of ICO in China, the exchanger closing up in China all this even brought about (FUD) in the market which led to the fall of price drastically.
I saw that as an opportunity to buy more because the right way to trade and make profit is buy low sell high (always keep it Simple). This post is just my investment plain its not a recommendation, make sure you do your own research before you make any investment based on this post.
List of coins I am investing.
(1) Bitcoin
Last month the price of bitcoin went as low as $3103 based on the china news there was even rumor that it will drop further but its recovered fast than expected we are currently above $4000 . My view is to invest in Btc because I see further increase in price toward the end of this month due to the hard fork called “Bitcoin Gold” (BTG) that’s scheduled to take place as early as October 25th. I want to get my own free share of coins, I missed that of Bitcoin Cash and I know you will like to have free coins too. I also expect drop of alt coins because most traders will sell to get free Bitcoin Gold. So after the fork there will be opportunities in the market to buy some cheap coins. Its is best not to run out of bitcoin this month because of the opportunity that can show any time.
(2) Steem
Steem is my number one alt coin for now and always, I join steemit last month September and its has been fun. I have learnt a lot and I thinks it will overtake many social site that are already on ground. I have so many reasons to invest in steem as a crypto currency I can say it’s the first life usage coin (based on steemit.com), fast transaction, No or low fee and very healthy community . Steem got all its takes to invest in long term.
The current price of steem is a $1 plus. I am expecting a blood bath during the month of October which I believe it will not affect steem too much because of the large numbers of steem holders (The Beautiful Big whales) expecting steem to reach $3 or more by the end of this month or early next month. My future prediction for steem is to easily reach $10 next year. As a member of the community and Steem lover, I will be increasing my steem power again this month this is what I have promised myself to do each month irrespective of the current power of steem.
(3) Other altcoin coin.
No intension to invest in other altcoins for now. I have some already and can only add to my investment when I see an opportunity to buy cheaper coins but am on the lookout for this coins in case I see a new opportunity.
These are my list.
(1) Kyber Network
(2) Tenx
(3) Neo
(4) Omisego
(5) And any other coin you recommend with reason.
coins Added based on recommendation from reply:. QTUM, MONETHA
Thanks for reading this post I will be expecting your coins recommendation with reason.
No matter the outcome of my plans I will be in good profit at the end of the day because I am going long tern on this. Traders have many opinion on method of trading. Some do pump and dump, short term, while others do long term. I prefer long term because it is safe and will be writing an article on this soon. click here to have an overview of what I am saying.
Thanks for Your Time, If you think the post is informative please upvote and Resteem. God Bless.
I can recommend QTUM - Quantum Resistant Ledger. Very high trading volume and has been rising steadily. Invested a small amount and so far only profits, no loss.
I will further look into QTUM, I friend of mine told me about the coin last week. i think its should make the list
Interesting read. I have been looking at siacoin for its longterm potential. It has a product which it is continuing to develop and has a strong company behind it. What are your thoughts on that?
Thanks @cargill I have some siacoin which I purchase few months back. I bought and just forget about it. Its going to be a very long term.
Yes I agree. I don't have the time to be constantly evaluating the markets, so siacoin will suit me. Also thinking of getting in verge for the longterm nature as well. Do you have verge as well?
interesting look for MONETHA is cheap now
Monetha is cheap and the road map is clear. adding to the list.
@cryptoskate got you a $8.8 (5.0%) @minnowbooster upgoat, nice! (Image: pixabay.com)
Want a boost? Click here to read more about @minnowbooster!
The @OriginalWorks bot has determined this post by @cryptoskate to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
To enter this post into the daily RESTEEM contest, upvote this comment! The user with the most upvotes on their @OriginalWorks comment will win!
For more information, Click Here! || Click here to participate in the @OriginalWorks writing contest!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!
@originalworks thanks for authenticating my write up