Bitcoin Down 40% and $20 Billion Liquidated on March 13th, How to allocate your funds?
On March 13th Bitcoin dumped 40% in 24 hours to $3,799 at the lowest point, which has the big influence on BTC holders. BTC drop has also caused the vast majority of altcoins dumped a lot, even 30% to 50%. Some altcoin holder Shouting “ Return to zero, Nothing to worry about! ”
Past does not recur, but history is strikingly similar. This BTC crash in the early 2020 year reminds me that BTC went from $3,000 to $10,000 after the big drop in the early 2019 year.
If you still have the some funds rest, I think your chance is coming 「90%BTC + 10% altcoins」 is the most stable investment strategy in my opinion.
(1)90% BTC - as the originator of the cryptocurrency, Bitcoin has the chance to pump over 10 times likely. Buy and hold!
(2)10% altcoins - the followers of Bitcoin can be used to invest small and win big. You can buy some altcoins with 10% of your fund. Because the price of altcoins often pump as high as 50 times or even higher, so just buy some good altcoin and hold until the bull market.
So which altcoin is the excellent investment target? -Promising, Hot Prospect!
Normally these altcoins which have the hot promising prospect may catch more attention of the market. In addition, its total amount, whether it has been unlocked from private invest, whether it has been fully circulated, and the active status of communities such as telegram/Twitter are also very important conditions for evaluating whether it is an excellent investment target.
Here are some popular altcoin I have selected for you as the reference (this personal view can not be used as any investment ideas) :
1.COTI: The PayPal in blockchain field, which is a payment currency for merchants. Total circulation: 312,250,374. Full circulation, private placement has been unlocked.
2. RSR: A stable currency and digital payment system focusing on the South American market. Investment institutions luxury — including PayPal founder Peter thiel, “payment wars” author Eric Jackson, the world’s most valuable exchange Coinbase, and so on. Total circulation: 100 billion. 6.1 billion in circulation. Private placement has been fully unlocked.
3. TOMO: Vietnam Ethereum, launched its own decentralized exchange, TomoDex. Total circulation of 100 million, circulation of 69.98 million. March 1, 2018 private placement, full circulation.
4.DNT: Decentralized open source community based on Ethereum. Currently, a decentralized wallet short address market is being developed. For example, ENS provides services such as 「your nickname. Eth wallet short address」editing. July 2017 private placement. 1 billion in circulation, 600 million in circulation. Full circulation.
5.KNC, REN: The platform token of their decentralized exchanges.
6.LINK: The middleware between data on the chain and data off the chain, called the predictor.
7. LEND: An Open Source and Non-Custodial protocol to earn interest on deposits & borrow assets, and cooperated with USDT.
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