BTFD – Our Top 10 Recovery Coins – What We Buy When Everything Dips
If you are in Crypto for some days, you know what happens if Bitcoin runs, right the alts are bleeding. But instead of going all panic, we decide to BTFD – we Buy That F#cking Dip! We see the market in cycles and it is important to understand and exploit those rights.
Right now BTC recovers from its recent drop, as it seems to be noticed as a “safe haven” asset, aside from the commonly known financial markets. Kim Jong Un is doing crazy things again, the financial markets react (in a way the most asset holders don't like too much) and people are panic selling. They search for shelter in this thing they heard about so often recently, this Bitcoin or so. “I want to buy that one, that always goes up!”, “I want the same thing this PayPal guy has bought. However, Alts are bleeding and we don't jump out of the window, we fill our bags instead with top-notch coins that are likely to recover fast and we often buy in this state of the BTC / ALT cycle.
Here are our Top 10 Recovery Coins:
#1 ADEX (§ADX)
We saw it a few times already, we even saw ADEX for some time below 10k. The first time we missed it, the last time we took it and it ran above 22k again. Until now it is relatively stable and slipped only below the 20k mark. We wait for Adex to dip further, to buy more. As we wrote in our skyrocket coins post, we expect huge things for $ADX in early 2018.
#2 TENX ($PAY)
$Pay has been running sideways very long and recently started to move. With big news coming up and playing in the top league of crypto credit cards, TENX is seriously undervalued.
#3 STRATIS ($STRAT)
We already wrote about $Strat recently in the skyrocket post. This might be our last chance to stack up our bags with this super coin below 10k sats. We don't want to miss that train.
#4 QTUM ($QTUM)
Also to be found in our skyrocket post, we think QTUM has a bright future with all the news coming up. A great project that should reward our trust and investment within Q1 / 18.
#5 ETHER ($ETH)
Check out ETH, we recently wrote about our ETH holdings, before the run started. If we would have missed that train, the current dip might be a good opportunity to buy.
#6 CARDANO ($ADA)
Cardano is a hype project with the goal to research all blockchain-related problems scientifically – and find solutions. If you believe in the future use of blockchain technology – you might see why $ADA should grow more and more. However, keep in mind until now it is Vaporware. So we like to trade it for the short-term, but to hold it long-term we need more substance.
#7 LISK ($LSK)
The top coin from Berlin has been recently gamed on hard by whales – now, that the craziness found an end, $LSK is ready to grow. Rebranding and a constant news flow should show us some nice growth, so it is worth to buy it in the dip.
#8 RIPPLE ($XRP)
Like it or not, $XRP has yet room to grown and even surpassed the market cap of $ETH recently. The centralized banker coin gets much hate from the blockchain community, but you could make use of it to take some nice profits with you if you can catch it in the dip.
#9 OMISEGO ($OMG)
$OMG is finished its downside curve recently and is beautifully going up in waves. The project that plays often with misleading marketing messages knows how to drive a price.
#10 STELLAR LUMEN ($XLM)
Stellar had an amazing run recently and we can't wait to buy more if it is in a dip. This silicon valley backed coin will bring up huge things in the future and we don't want to miss out, being part of it. Stellar's transactions are super fast and just take a mere 2 – 5 seconds to complete and can also be used to exchange fiat currencies against each other.
Current Price: [cryptocurrency_widget type=”inline” symbol=”XLM~BTC” template=”basic” color=”default”]
BONUS: LITECOIN ($LTC)
Usually, $LTC follows the walk of $BTC, so you might not see it in a dip while $BTC runs, though you might find it at a good price, once Bitcoin drops. As it seems proven (history-wise) that Bitcoin recovers like a Phoenix every time it drops, you might want to take it with you to watch out for some cheap Litecoins once Bitcoin falls.
We know it can be tough to show strong hands in a dip. If the dip is caused by Bitcoin run, always keep in mind to watch the dollar value of your total holdings, this can be very calming. If you ask yourself on where to enter these coins in their dip, check for the prior support levels and spread averaging buy order on those.