DO NOT BUY these cryptos, if your looking for short term high gains (by the author May 22, 2021)

 Some amazing but problematic cryptos this year:

Binance Systems

Binance is full of trouble this year as subject of lawsuits from the US state department and even the PRC itself.  Offsetting huge sell offs ahead of Bitcoins drop the troubles for Binance are only beginning.  

Therefore this exchange, its chain, and its many protocol offspring are all in jeopardy of huge price shifts.  Part of this is the fault of the Chinese Bitcoin holders, who in addition to centralizing the mining, have began liquidating their Bitcoin holdings in order to claim their profits.  

These major movements did not go unnoticed by the markets, as a huge sell off has dropped prices to historic lows.   

While ultimately this financial cash cow of the PRC will work out its troubles, investors can expect huge price volatility across its long list of associated protocols for the short term sapping investor interest in any Asian crypto yield farms associated with the crypto giant.

Another failing the grade of course is Dogecoin.  While a buy and hold strategy can work in the long term, assuming the company continues to exist, this blockchain competitor seems destined for greatness.  Until then however its fundamentals are decidedly weak, its demand, rather low, and its inflationary controls, non existent.  

Its the token that never should have been, but is, therefore in all fairness, if you do buy this token , dig in for the long haul and you wont be disappointed, otherwise, be ready to lose your lunch from time to time depending on your position.

The next tokens to stay away from include:

Akida

Shiba

MDex/MDX

Nano

Zill

HFi

Merchant Token

ARDX

ARDR

None of which passed an in-depth analysis of at least 40 different indicators, some major, some minor, but all completing a profile of profitability or not.

These failed. 

 As always, do your homework, be informed, practice good investing sense, create a game plan and stick to it. 

One of this years HOTTEST crypto's (by the author May 22, 2021)

The first lesson to learn about crypto markets is that "they are volatile".  Why?  People simply don't understand the concept of blockchain technology, let alone the vast array of protocols out of which some of the most notable names such as Bitcoin and Ethereum were born.

How could anything other than CHAOS come out of such a mileau of competing and misinformed voices?

While holding cash positions in these cryptos is important to any portfolio, they are altimately not whats going to earn you the high yields.

No matter how much Bitcoin you buy, at what ever price, you  will not earn you the passive income that makes since, because these major companies are already largely oversold and overpriced.

In other words neither Bitcoin nor Ethereum are likely to double or triple in value any time soon.  In fact maybe quite the opposite considering market movements this last week.

If your looking for more promising investments then for sure you need to consider those already mentioned this month in this blog: 

ADA

Matic / Polygon

Pancake Bunny

One which has risen to the top after a fundamental analysis is the Substrate Polkadot Protocol now known as Kusama.

This is why:

 

Kusama, currently the canary network for Polkadot to deploy many potential upcoming and planned projects, is a token whose value this year has already risen, from 42 USD to a high of 600, and currently is being sold for around 300 usd.

This token is in short supply being almost completely issued, and is expected to be in high demand throughout this year pushing its value even higher.

The manner in which Polkadot positions its service helps to build the value of this token.  Polkadot allows other start ups to obtain its service only after participating in a blind bid.  

 

After which the highest bidders are able to deposit their cash in the form of the KSM token.  By essentially locking in these tokens, it creates a shortage driving the price sky high in exponential terms. 

One of crypto's best kept secrets KSM is deffinately a crypto worth acquiring this year. While there is more research to be done this is definately one stock your portfolio should acquire.

Whether to hold or to stake, this token will outperform its peers and the wider crypto market for many reasons, most not listed here. 

As always, remember to do your homework, practice investor discipline, and always have a plan. 

Voices On Why The Markets Are Behaving This Way , and Some Options With Investing

 

What the hell is wrong with the cryptocurrency markets? (The short answer)

 I like to get to the point in my posts, I know that my readers time is limited, and if you got this far its because your looking for an answer... options.

Options to what ever it is that your thinking now, which considering the past few days, probably isn't too good unless you have a crystal ball, or , GOOD INVESTOR DISCIPLINE. 

The short answer is that NOTHING is wrong with the crypto market, per se.  It's doing exactly what markets do, go up in value and profitability then go down.  That's a fundamental which must be accounted for in any investment strategy. 

Therefore, for those who prepared for this day, nothing is particularly wrong with the market, with the exception that there are several problems afflicting the global economy which affects, this market, and so in that since there are alot of problems.

Chaos even in a market with so much potential profit is the environment in which all of our investment approaches should factor in.

In times like this a person should have set stop losses on their accounts.  Limits at which you initiate a sale in the event prices go too low, and also keep in mind that in the current environment cryptocurrency is not easily made liquid. 

If your investing for the long haul the best thing to do is ... look away for a while. Too much attention to a volatile market can result in moving into even more volatility.

However if your strategy has gotten you to a rock bottom point where you have already lost most of your profit and part of your principle, maybe its time to go liquid for a while, ride out the volatility and then re invest once the bottom comes.

Its still not there. As stocks continue to fall on Wall Street even the most established cyrptos are having a hard time weathering the storm, but they will. 

Why?  The underlying Blockchain technology on which they are all built, isn't likely to go anywhere anytime soon, and is only growing as an industry with each day. 

Stay focused outline your priorities, and however you weather the storm, don't bend to the pressure, adapt to the change. 

Ways To Beat Inflation This Year: Dogecoin, Bitcoin, and the Cryptomarket (reference link)

 Here are a few ways to beat inflation this year, while increasing capital gains overall: 

https://www.youtube.com/watch?v=bmJfwghJwQE

Bitcoin Begins to bounce back but falls a bit short in only one day

 https://beincrypto.com/bitcoin-btc-bounces-back-fails-crack-resistance/

Qualified and Tested Bitcoin Wallets (May 21, 2021)

 Top Wallets for the Bitcoin Lightning Network | by Bitrefill | Bitrefill Blog