TRADE IDEAS: Buying the F$%#King dip? Use Binance ONLY and heres what I bought and WHY...

in #cryptocurrency7 years ago (edited)

Hi Steemit,

There's a lot of trading opportunities right now so my post tonight will be brief.

Buy-The-Dip.png

If you're like me then you're contrarian investor and BTFD (Buy the F@#$King Dip). The markets are at lows not seen since January 17 - and they bounced back up at round 10PM London time when Asia woke up...so let's see what happens this time round.

How to get your money to exchange fast

Maybe I should list what not to do first... DON'T send it to Bittrex or any other main stream exchange. As I write this post i'm still watching my LTC be on 2/6 confirmations on Bittrex and it's been 20 minutes...and in the mean time OMG just went from 13.3 to 14. So i'm writing this to stop myself from breaking my index finger whilst clicking the refresh button on Bittrex.

My other LTC which I sent to Binance was ready to use in 3 MINUTES - seriously Bittrex...get your act together.

What did I buy and why?

  1. ETC: I think ETC is a great investment and has room to grow...it's currently trading under half it's ATH. But the real reason i decided to further add to my position is due to the airdrop which will occur on 5th March into Callisto - i'm rushing to write this but will make a post later on on this airdrop promise.
  2. ZCL: Similar to ETC, there is going to be an airdrop February 28 so i'm further building my stock in ZCL ahead of this as you get a 1-1 match of ZCL-BTCP. Like above - discussing this fork here is out of scope of this post but i believe there is potential.
  3. OMG: This is a stellar coin with a great team, and a great mission. It is currently trading at half its ATH and I believe the team will deliver on it's goals which is why I have further added to my position in OMG. Also not a reason to invest but the founder of Ethereum Vitalik Buterin loves OMG. I can see this being a 3 digit coin by end of 2018.
  4. XMR: I think privacy coins are going to be one of the big themes in 2018, especially with all the talk of government regulatio. XMR is currently my favourite privacy coin (I don't consider DASH fully private). XMR like OMG have a
    great team and a functioning product.
  5. ICX: Icon is a coin i've been eyeing up for a month, and at this price i couldn't resist. It's got a great mission of bridging all the different BlockChains protocols allowing them all to actually communicate and share information with each other (through the ICX protocol). So your blockchain bank protocol can communicate with your blockchain hospital protocol who can communicate with your blockchain insurer when the Lizard people rule the world in 2025 or whenever blockchain will rule every aspect of life.
  6. BCH: I am ashamed of this buy...honestly It's a pure vanity buy...I'm not into the whole Bitcoin Cash club. I bought this purely to dump it when it goes back up to $3k - this is a financial trade without any real conviction behind the idea apart from the fact that i think it will rebound to $3k as the community behind it is rather vocal.

Comment below what you bough and whether you agree / disagree with any of my purchases!

Have a good eve all

Crypto Dino

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Haha, don't ever be ashamed of buying a coin. Most of us are here to make money so no one can fault you for buying a coin to make money. Granted there might be more projects out there that I am more interested in long term but if its gonna make money, take the opportunity :)

Thanks for dropping by maniac! You're right, maybe i'm a bit harsh on myself but any coin I add to my Long Term HODL portfolio I try to have some conviction behind just so that if it dips at least I can fall back on the fundamentals of why I bought the coin. With BCH I feel all i can say is "It looked cheap...so I bought it" haha.

Hi, do you know if Binance will support these airdrops or I need to move my ETC and ZTC to wallet?

Apologies for the late reply.

I do not believe Binance has announced this yet. You will need to move them into wallets. This is always better as you are guaranteed to get your fork as it's issued. Exchanges sometimes take time to allocate