How to Buy the Dip
Tech is dead. Marketing is the money.
One of my bigger mistakes of 2018 was not preparing for the inevitable (short lived) rebound after a precipitous month long drop. Planning ahead is crucial for success, you don’t want your thumb up your ass when alts start bouncing. So take a deep breath, take a step back. Lets plan for the destined rebound.
Listed in order of the chances of success are what I, personally, will be buying on the dip. Please note this is not investment advice, as a panda I mainly shit and fuck; those are my specialties (please DM for lessons).
Altcoin Catalysts
If you are not sure what catalysts are, please read this article. These are proven factors which bump prices. Forks, airdrops, releases, etc.
Bitcoin 1:1 Forks
Haven (XHV) is mostly known for being the asset chosen by a select few to manipulate to the moon. XHV will be conducting a hard fork, date of the fork to be announced in early August. The team is extremely professional, communicates well, and has an excellent marketing strategy.
While this may just be a ploy by some to manipulate the price, it will be a successful one. A 1:1 fork brought Hexx to well over 20M marketcap up from 600k. XHV is sitting sub $5M.
Hexx (HXX) has a hard fork on the 30th of September. Price action has been great so far.
Utility Exchange Tokens
Valuating a utility token is extremely easy. How many users on the platform? How successful is the platform? Is it filling a need? Is it trusted?
First to come to mind is Binance Coin. BNB will continue to be a great investment as long as Binance continues to be a great exchange. Very simple. Very easy.
Aurora DAO (AURA) is a dividend utility token for the IDEX platform. IDEX is currently the number one decentralized(ish) exchange and is known for listing recently launched ICO’s prompto.
Kucoin Shares (KCS) is a dividend paying utility token which pays out altcoin dust based on exchange volume.
There are several other exchanges with tokens: Bibox, Coss, Switcheo, but none have proven their worth (fake volume, shitty listings/UI)
Dominant Large Caps
These alts are staples to the cryptosphere and have existed for years.
Ethereum no introduction necessary.
Stellar (XLM) top performer of 2017 ($.00269->$.256 = 9,416%). Rebounded very nicely on the last dip, proven to be a great buy under $.20.
NEO experienced a nice bump on the last dip due to upcoming ICO’s built on its platform. NEP-5 ICO’s will continue to enter the space, with NEO and GAS as payments. Plus the name sounds cool and people refer to it as “Chinese Ethereum”. While that last statement may not seem factually sound, keep in mind this is crypto.
Just Shitcoins
TeFood (TFD) may sound like a poorly translated Chinese shitcoin, but its actually from Vietnam. TeFood is an established company that is using its token, TFD, for supply chain traceability. Heavily discussed on social media, proven business success, and an accomplished team. Drawbacks include a shitty name, which is a big deal in crypto. It is inevitable that TFD will be added to a larger exchange, most likely Kucoin, in the near future.
Lamden (TAU) is a tool for developers to create custom blockchains and apps. It experiences insane highs and lows due to thin books and is far below its ATH and nearing its ICO price. Is frequently discussed on social media and compared to other blockchain coins like Ethereum and EOS.
0x has been getting a ton of attention due to Coinbase announcing future listings of ERC20 and purchasing Paradex, a DEX which uses the 0x protocol. Needless to say, listing rumors abound.
Auctus (AUC) is a retirement planning platform. Its unique in the space, and while the platform itself will most likely never be developed (as are most crypto projects) its low marketcap, constant shills on social media, and unique qualities make it a gem.
Hacken (HKN) tends to dump hard which makes it a great rebound buy. Super thin books, large spreads. Cool name, unique in the space, Mcafee as an advisor.
Autonio (NIO) is a successful automated trading DEXbot, I’ve written extensively about it. Considering its proven success and functioning platform, its clearly undervalued sub $3m marketcap. Beginning to make waves on social media, just waiting for a larger exchange listing at this point.
No doubt there are dozens of other coins worth mentioning, but I don’t hate myself enough to discuss them all. Much of my portfolio will enter in to the top catalysts listed above, if any airdrops/forks are announced between now and a market rebound I will re-evaluate.
Not investment advice. DYOR.
