I love salsa and used to dance every week! Not anymore though..maybe if I move to Spain I will again. So i dig this guy - Juan Guerra's music :)
I think we have a similar portfolio - we both have some Verge and Tron, for example. In bear markets I always try to have also some bitcoin, ethereum and litecoin - they fall less and once the market jumps a bit, normally they are the first to grow. In my opinion it brings some balance to your portfolio.
Oh, I am still pretty far from buying a house in Gent, or Spain - my money needs to work for me a bit longer. And honestly speaking, I think the housing market in most countries is in a bubble - I would wait for a 30-40% correction and will buy then, if I have the money, of course :) I think there is a big chance for a big correction in stocks, reals estate,fiat, etc within 2-3 years time.
I bought some litecoin at about $150 and sold at $215, so it is not that big a gain. I think Litecoin should correct a little bit more and then I expect it to move towards $350 or even more. So I am waiting to buy again, especially if it falls to a level of $190, or even less. At $350 I will sell most of my litecoins. Btw I still haven't bought this Dentacoin, but found Sirin Labs Token and went in. It is a company who will offer some secured open-source electronics who will support the blockchain and supposedly bitcoin transactions will be free of charge. Also, Leo Messi will advertise it, and the current price is 6 times lower compared to ATH, so I think it was worth it buying some tokens. Let's see how it goes. How about you - any new coins on the horizon that you are interested in?
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Hey Alex,
I hope you feel better again, salsa dancing fun!
Personally, I think that investing in stones is still a good choice.
The interest rate is low and the rents are high.
The demand exceeds the supply, but then I speak about certain areas in the Netherlands.
Yesterday I bought some more Tron just before the outbreak. I am in the alt coins up to my neck. The simple calculation quickly taught me that I could make more profit than with the purchase of, for example, 1 btc. But I think you are right and that I should look for a better balance in the future.
I have asked @ salahuddin2004 to watch Nebulas, but he is very busy right now. I am looking for the '' Google '' unbeneath the coins :-)
DCN was an impulsive purchase, but I keep it just for fun.
Wow look at Verge, up up up, wave 3 I think ... Nice!
Hey:)
Great for your TRON gains! Yes, I agree that when the alts grow, they outgrow bitcoin. But when they fall, they also fall harder, generally speaking. I was only trying to find a safe heaven coin (excluding Tether) cause I knew a big correction was coming, but couldn't do much but buy bitcoin, litecoin, ethreum, etc - the coins I believed would fall the less. I also didn't want to sell coins to euro yet as I wanted to postpone paying taxes for the next year. Luckily, I found some coins that might work in the next big correction - DigixDAO being one of them.
It might be wave 3 for Verge, let's hope so!
As for ''the big picture'', I personally don't think that the ECB can keep the interest rates this low for much more time. In short the economies in the EU are very different one from another (for example Germany and Greece) and using a single currency creates many troubles. Actually I still believe that it will be most probably Europe where the next economic crisis will start from. This also coincides with the computer models of Martin Armstrong (if you haven't heard of him it might be worth checking him) according to which the collapse of the EU begins at the end of 2018. I am not saying I believe in his models blindly, but since I also see instability within the EU financial system, I am a bit more cautious.
It is best to be diversified - that's what every prosperous investor is saying - own some gold and silver, some land, some cash, some stocks, some bitcoin (or TRON:), a property, etc. This has been one of my goals for the last 3-4 years - to own a little bit of everything. Cheers!