Earlier in my business career, I worked for a company that was part of a paradigm shift of sorts – in the way that health care plans were delivered to corporations. Then, the “high-deductible plan” was foreign. Now, these things are everywhere.
The company I worked for was in the unique position of trying these plans out on a few of their employees, and these same employees would report back to prospective companies “warts and all” on the pluses and minuses of using these plans.
The saying at the company was pretty simple:
We eat our own dog food.
In that spirit, I’ve decided to “eat my own dog food;” or, more accurately, share an update on the “Five Coins for Bargain Hunters” that we told you about ten short days ago.
Why am I doing this?
One of the things I’ve noticed in this emerging cryptocurrency trading and investment space is that analysts, coin-pickers, token fans and others are extremely quick to tell you when they went 10x or better on a pick. But they’re awfully slow to tell you about those errors in their ways. I’d rather do this “warts and all” – you can’t take this site seriously if all we do is share our winners.
A Lot Has Happened In 10 Days
Just this afternoon, word broke of a huge theft of Ether from unsecured wallets – a potential huge blow to a coin that is serving as the backbone of so many ICOs.
And this is after price drops in what we call our BRED Portfolio.
This same portfolio, you may recall, was $224,000-plus just 18 days ago.
So…those five coins…where are they now, and would we still buy them?
And before we share this update, this disclaimer. DYOR means “Do Your Own Research.” In other words, we like our ideas, but you are at your own risk if you decided to invest in any or all of these. We are not responsible for any losses. Don’t invest more than you can afford to lose.
Library Credits – LBC
- Ten days ago: accumulate at the 17-18K Satoshi range.
- Today’s price: 12910 Sats.
- Recommendation: Still a BUY.
This is one of those long-term plays. I don’t plan on swing trading this one, am more thinking that it has the potential to be very much like YouTube for a wide variety of content. I’m still bullish; accumulation at this price point could pay some serious dividends down the road.
Steem – STEEM
- Ten days ago: accumulate up to 60K Sats.
- Today’s price: 50K Sats.
- Recommendation: STRONG BUY.
We give this a “STRONG BUY” in ALL CAPS because we’re in love with the platform and spend at least an hour a day there. It has engagement that’s off the charts and it reminds us – as we have said before here – of the early days of Twitter. Except you can potentially profit from it, unlike Twitter.
Give it some time, though. Some pundits are suggesting a price of $10 – which would mean growth of 8x where it is now, and would also put it into the crypto unicorn club, as its market cap is around $250m right now.
Stratis – STRAT
- Ten days ago: accumulate up to 200K Sats.
- Today’s price: 175K Sats.
- Recommendation: STRONG BUY.
Actually, this appears to be the one coin that could benefit the most from the one-two punch of Bitcoin’s Hard Fork/Segwit uncertainty, and Ether’s afternoon follies from today.
Yesterday, it actually went above 200K, and it’s only down around 5% today. We love the project and are HODLing this coin.
Antshares – ANS
- Ten days ago: accumulate at 285K Sats.
- Today’s price: 260K Sats.
- Recommendation: STRONG BUY.
Okay, why are three of these five coins now STRONG BUYS in ALL CAPS after ten days of tumult? Simple – these are good projects. Though I was corrected on Steemit by a friend who suggested that Antshares is actually the Chinese Ethereum and not the Chinese Bitcoin, I still stand by it. And you want some variety in your holdings – known as “hedging” – so having some exposure to Asian markets is a really good idea.
Bitshares – BTS
- Ten days ago: accumulate at 8000 Sats.
- Today’s price: 4700 Sats.
- Recommendation: HOLD.
This is the most “meh” of our picks. I’m not going out of my way to pick more up, and I’m possibly going to become a “bagholder” here.
BUT…it could pop again – it’s below its one-month highs of 12,000 Sats. It’s just not a project I am in love with, so I’m giving it a HOLD recommendation.
Next Steps?
Well, similar to the others we talk about here, we’ll keep watching these as they emerge. There will likely be more blog posts like this one down the road.
And we’ll keep eating our own dog food.
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