Does anyone have some advice for me on investing in Ontology? I missed presale by 2 days and want to get in on the tokensale after release of mainnet in Q2. I believe that NEO and all NEO-based coins will win position after the recent market dip. But on Ontology I read contradicting advises on telegram and various fora. Would anyone like to share their insights with me?
I don't have an opinion on Ontology specifically but usually you can get a great buy in oppurtunity as soon as things hit exchanges.. usually when things first hit an exchange you get this trend in this order.
1) Initial Pump
2) Fomo
3) Tips over into a Dip
4) Fud Panic (this coin is garbage!)
5) Slow ICO reversal
I find most times if a coin doesn't have a ton of fomo right out the gate, it will fud panic after the fomo tip over pretty hard.. you want to buy anything and everything right before the reversal stage.. ICOs can be dangerous I almost prefer this method of waiting until the coin is minted, seeing actual supply and seeing how weak the hands are holding it. You very rarely miss out in the beginning because often the more its hyped the harder it will fall when the pump goes south at the beginning.. and the weaker the hands that bought it. Look at Red Pulse for example (another NEP5 token, or Loopring(i personally hold alot of this one because of the China FUD and delist right before ICO reversal) hope this helps.. just don't fomo when it hits the exchange.. let it come back to where you want to buy it and it often will!