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RE: Coins I bought during the cryptocurrency crash!
thank you. believe me it was painful to watch my portfolio go down but I was confident that it would recover. I feel bad for people that got stuck in bad coins like Paccoin or doge coin. I think when you are invested in good coins you just have to wait.
Paccoin isn't a bad coin. I bought and sold paccoin several times after the pump n dump. Not only did I make money on it... but I also have 1 Million of them which I moved to a wallet to stake for when they do their 1000:1 coin burn. If you have some... be thankful... that coin isn't over yet.
I wrote an article on it here.
https://steemit.com/altcoins/@uplandmines/paccoin-the-rebirth-of-an-altcoin-with-potential-or-a-scam-coin
This was actually my first article I wrote.
You have some decent buys... I bought ADA, SBD and QSP, not as low as you did but I got some. I really debated some more LTC but I'm really liking Cardano and think I will sell all my LTC when it hits $300 for ADA.
Thank you for your reply. my husband bought paccoin and for some reason cryptopia froze the buy and sell of paccoin. for several days he could not sell them and when he finally sold it was for a loss. I'm going to read your article. I could not find a team or even a purpose for paccoin on their website so I want to learn what you know about it. thank you.
yes Cryptopia stops the LTC and DOGE trades. Paccoin was still trading on the BTC for 1 satoshi. I was buying at 1 satoshi and selling at 2. Got stuck with 1 Million of them. But then found out it might be a good thing.
I would say if you truly believe in a coin double down if you can. If you bought 1,000 of a coin at $10 and it drops to $2 then buy another 1,000 well for an extra 20% investment your cost average just went down to $6. You'll be back in the money a lot sooner and your upside potential longterm doubles. Of course, if you don't have the money to risk you don't have the money.